The Robert E & Mary J Wortmann Charitable Trust in U Saddle Riv, 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
| The Robert E & Mary J Wortmann Charitable Trust | |
| Employer Identification Number (EIN) | 226748394 |
| Name of Organization | The Robert E & Mary J Wortmann Charitable Trust |
| Address | 54 Pleasant Ave, U Saddle Riv, NJ 07458-2427 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $53,965 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $36,498 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2012: $1 (it was $108,427 in 2011)
| This organization: | $1 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2012: $53,965 (it was $56,965 in 2011)
| This organization: | $53,965 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2011: $4,000
| This organization: | $4,000 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2011: 0.0
| The Robert E & Mary J Wortmann Charitable Trust: | 0.0 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 8.9% |
Revenue for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $36,498 | $36,498 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $381 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $36,117 | |||
| Total expenses and disbursements | $4,000 | $0 | $0 | $4,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $4,000 | |||
| Excess of revenue over expenses and disbursements | $32,498 | |||
| Net investment income | $36,498 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $56,965 | $58,355 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $30,905 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $26,060 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $56,965 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $36,117 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $365 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $365 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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? | No |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $53,975 |
| Net value of noncharitable-use assets | $53,160 |
| Minimum investment return | $2,658 |
| Distributable Amount (for 2011) | |
| Distributable amount | $2,293 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $2,293 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | William A Kerr Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 1998-01 | $7,837,595 |
| 2 | The Gurwin Family Foundation Inc | 5 Coventry Rd, Livingston, NJ 07039-5105 | NJ | 1998-06 | $4,313,579 |
| 3 | William M And Helen L Close Fam Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 1998-03 | $2,404,092 |
| 4 | Thomas P Waters Foundation | 605 Main St Ste 212, Riverton, NJ 08077-1440 | NJ | 1996-08 | $2,058,038 |
| 5 | The A L Levine Family Foundation Inc | 1 Wayne Hills Mall, Wayne, NJ 07470-3228 | NJ | 1995-07 | $1,840,616 |
| 6 | Wagner Family Foundation Inc | 325 Columbia Tpke Ste 202, Florham Park, NJ 07932-1212 | NJ | 1998-03 | $1,410,675 |
| 7 | Sandra S Kupperman Foundation Inc | PO BOX 1917, Morristown, NJ 07962-1917 | NJ | 1998-05 | $1,229,110 |
| 8 | Willingham Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 1991-12 | $1,073,198 |
| 9 | The Martin And Florence Roffman Family Foundation | 35 Monhegan St, Clifton, NJ 07013-2000 | NJ | 1998-08 | $997,195 |
| 10 | William K Lee M D Foundation Inc | 747 Shoshone Trl, Franklin Lks, NJ 07417-2252 | NJ | 1998-08 | $836,158 |
| 11 | The Chad School Foundation Inc | 40 Clinton St, Newark, NJ 07102-3727 | NJ | 1992-11 | $542,383 |
| 12 | Tungare Manohar Family Foundation Inc | 200 Lanidex Plz Fl 2, Parsippany, NJ 07054-2747 | NJ | 1997-10 | $536,942 |
| 13 | Uja-Add Foundation Inc | 50 Eisenhower Dr, Paramus, NJ 07652-1429 | NJ | 1998-02 | $485,177 |
| 14 | Virginia Metzler Family Charitable Foundation | 32 Sterling Dr, Chatham, NJ 07928-4102 | NJ | 1997-09 | $421,389 |
| 15 | Weathers Family Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 1997-07 | $419,514 |
| 16 | Spohler Foundation Inc | PO BOX 444, Bedminster, NJ 07921-0444 | NJ | 1998-04 | $344,284 |
| 17 | Theodore A Opdenaker Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 1997-10 | $279,287 |
| 18 | Totowa Education Foundation Inc | 294 Totowa Rd, Totowa, NJ 07512-2661 | NJ | 1992-04 | $242,223 |
| 19 | Dombal-Vogel Foundation A New Jersey Non-Profit Corporation | 1104 Crim Rd, Bridgewater, NJ 08807-1872 | NJ | 1995-05 | $236,747 |
| 20 | Tabak Family Foundation Inc | 1031 Wyandotte Trl, Westfield, NJ 07090-3734 | NJ | 1997-03 | $226,595 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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