A L Clary Endowment Trust in Pennington, New Jersey (NJ)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| A L Clary Endowment Trust | |
| Employer Identification Number (EIN) | 311681959 |
| Name of Organization | A L Clary Endowment Trust |
| In Care of Name | Merrill Lynch Bank & Trust Co Fsb |
| Address | PO BOX 1501, Pennington, NJ 08534-0671 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 09/2012 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $907,858 |
| Amount of Income | $531,624 |
| Form 990 Revenue Amount | $89,760 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2012: $531,624 (it was $323,128 in 2011)
| A L Clary Endowment Trust: | $531,624 |
| Other organizations performing similar types of work: | $910,803 |
Assets in 2012: $907,858 (it was $874,882 in 2011)
| A L Clary Endowment Trust: | $907,858 |
| Other organizations performing similar types of work: | $2,529,447 |
Expenses in 2012: $56,118
| A L Clary Endowment Trust: | $56,118 |
| Other organizations performing similar types of work: | $223,854 |
Income to expenses ratio in 2012: 9.5
| This organization: | 9.5 |
| Other organizations performing similar types of work: | 3.9 |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $89,760 | $87,408 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $28,106 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $61,654 | |||
| Total expenses and disbursements | $56,118 | $6,882 | $0 | $47,243 |
| Compensation of officers, directors, trustees, etc. | $16,605 | |||
| Total operating and administrative expenses | $18,838 | $6,882 | $9,963 | |
| Contributions, gifts, grants paid | $37,280 | |||
| Excess of revenue over expenses and disbursements | $33,642 | |||
| Net investment income | $80,526 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $907,858 | $1,040,307 |
| Cash - non-interest-bearing | $790 | |
| Investments-U.S. and state government obligations | $193,007 | |
| Investments-corporate stock | $515,116 | |
| Investments-corporate bonds | $149,191 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $49,754 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $907,858 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $61,654 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $805 |
| Total credits and payments | $1,093 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,093 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $288 |
| Amount to be credited to 2013 estimated tax | $288 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $1,012,490 |
| Net value of noncharitable-use assets | $997,300 |
| Minimum investment return | $49,865 |
| Distributable Amount (for 2012) | |
| Distributable amount | $49,060 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $49,060 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $39,001 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sisters Of Charity Providence Hospitals | 2435 Forest Dr, Columbia, SC 29204-2026 | SC | 1946-03 | $334,447,930 |
| 2 | Young Mens & Young Womens Hebrew Association | 1395 Lexington Ave, New York, NY 10128-1612 | NY | 1948-11 | $66,420,036 |
| 3 | Cove Charitable Trust Fund | PO BOX 668129, Charlotte, NC 28266-8129 | NC | 1994-12 | $64,694,851 |
| 4 | John G & Marie Stella Kenedy Memorial Foundation | 555 N Carancahua St Ste 1700, Corp Christi, TX 78401-0851 | TX | 1961-03 | $44,746,936 |
| 5 | Sisters Of St Francis Of Perpetual Adoration St Joseph Province Trust | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 1986-12 | $9,812,937 |
| 6 | House Of The Good Shepherd Foundation Inc | 798 Willow Grove St, Hackettstown, NJ 07840-1718 | NJ | 2000-08 | $5,399,889 |
| 7 | R Mckahan Tr Fbo Mt Pleasant Pres Chur | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 2003-03 | $1,154,396 |
| 8 | R Mckahim Tr Fbo Laboratory Pres Chur | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 2003-03 | $1,061,298 |
| 9 | A L Clary Endowment Trust | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 2000-02 | $531,624 |
| 10 | Vera Rasmussen Irrv Trust 58010960 | 6801 S 27th St, Lincoln, NE 68512-4823 | NE | 2001-03 | $324,268 |
| 11 | Roland & Sara K Davis Memorial Tr Ua 09-03-71 | PO BOX 3215, Lancaster, PA 17604-3215 | PA | 2001-10 | $173,842 |
| 12 | Barnard St James Episcopal Church 200016 Nect | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $138,517 |
| 13 | Stewart Carter Swartz Trust, Dalphin Deposit Trust Co | 1100 Wehrle Dr 2nd Fl, Buffalo, NY 14221-7748 | NY | 2001-10 | $53,391 |
| 14 | Vasa Museum Inc | 15235 Norelius Rd, Welch, MN 55089-4561 | MN | 2000-02 | $6,550 |
| 15 | Day Memorial Trust, Adopt A Cow | Rr 1 Box 839, Port Royal, PA 17082 | PA | 1985-05 | $0 |
| 16 | Friends Of Chabad Of Stockholm Inc | 465 Empire Blvd, Brooklyn, NY 11225 | NY | 2001-07 | $0 |
| 17 | National Community Health And Education Foundation | 2819 E Meyer Blvd, Kansas City, MO 64132-1127 | MO | 2003-08 | $0 |
| 18 | Solid Rock Foundation | 617 Plaza Ct, Laramie, WY 82070-8922 | WY | 2009-06 | $0 |
| 19 | St Benedicts Cemetery Foundation | 215 So 16th Street, Nebraska City, NE 68410 | NE | 2000-10 | $0 |
| 20 | St James Catholic School Capital Fund Inc | 832 E Court St, Seguin, TX 78155-5818 | TX | 1999-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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