Sollie Rosen Memorial Foundation in Chagrin Falls, Ohio (OH)
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
| Sollie Rosen Memorial Foundation | |
| Employer Identification Number (EIN) | 341788999 |
| Name of Organization | Sollie Rosen Memorial Foundation |
| In Care of Name | Ken Rosen |
| Address | 30 Church St, Chagrin Falls, OH 44022-3105 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $166,237 |
| Amount of Income | $49,816 |
| Form 990 Revenue Amount | $3,878 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2012: $49,816 (it was $3,878 in 2011)
| Sollie Rosen Memorial Foundation: | $49,816 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2012: $166,237 (it was $170,766 in 2011)
| This organization: | $166,237 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2012: $16,848
| This organization: | $16,848 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2012: 3.0
| Sollie Rosen Memorial Foundation: | 3.0 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2012: 1.6%
| This organization: | 1.6% |
| Other organizations performing similar types of work: | 8.9% |
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 | $12,319 | $12,125 | $0 | |
| Contributions, gifts, grants, etc., received | $194 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $3,642 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $8,483 | |||
| Total expenses and disbursements | $16,848 | $632 | $0 | $10,350 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,498 | $632 | $0 | |
| Contributions, gifts, grants paid | $10,350 | |||
| Excess of revenue over expenses and disbursements | $-4,529 | |||
| Net investment income | $11,493 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $166,237 | $238,620 |
| Cash - non-interest-bearing | $6,028 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $160,209 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $166,237 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $8,483 |
| 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 | $230 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $230 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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? | 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 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 | $230,704 |
| Net value of noncharitable-use assets | $227,240 |
| Minimum investment return | $11,362 |
| Distributable Amount (for 2012) | |
| Distributable amount | $11,132 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $11,132 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $11,132 |
| 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 | Siemer Family Foundation | 1234 E Broad St, Columbus, OH 43205-1405 | OH | 1997-09 | $23,049,203 |
| 2 | Trzcinski Foundation | 8050 Corporate Cir, North Royalton, OH 44133-1280 | OH | 1980-01 | $5,390,193 |
| 3 | Valda Crowell Harry Charitable Trust | PO BOX 630858, Cincinnati, OH 45263-0858 | OH | 1996-01 | $2,824,738 |
| 4 | William C & Mildred K Lehman Charitable Tr 082698, Sitterley William J Ttee | 3040 W Point Rd Se, Lancaster, OH 43130-8640 | OH | 1998-11 | $2,293,709 |
| 5 | Warrington Foundation | PO BOX 630858, Cincinnati, OH 45263-0858 | OH | 1998-06 | $2,255,001 |
| 6 | Warren Brown Family Foundation | 6475 Perimeter Drive Box 163, Dublin, OH 43016-8459 | OH | 1995-12 | $1,934,752 |
| 7 | The Robert O Orr And Annamae Orr Family Foundation | Mike Stark 3475 Ridgewood Rd, Akron, OH 44333 | OH | 1998-09 | $1,823,895 |
| 8 | The Richard M & Yvonne Hamlin Foundation, Hamlin Richard Mark Ttee | 3560 W Market St Ste 300, Fairlawn, OH 44333-2687 | OH | 1995-12 | $1,442,045 |
| 9 | Walter L Gross Jr Family Foundation | 9435 Waterstone Blvd Ste 390, Cincinnati, OH 45249-8227 | OH | 1997-11 | $1,381,303 |
| 10 | The@raymond And Rita Foos Family Charitable Foundation, Foos Raymond Ttee | 10307 Riverwalk Ln, Loveland, OH 45140-4810 | OH | 1997-09 | $1,334,194 |
| 11 | The Fred Meyer Foundation | 1014 Vine St, Cincinnati, OH 45202-1141 | OH | 1997-12 | $1,327,842 |
| 12 | Susan And Jon Diamond Family Foundation | 2 Miranova Pl Ste 600, Columbus, OH 43215-7052 | OH | 1997-05 | $1,306,918 |
| 13 | William R Burleigh Family Fndn, Burleigh William R Et Al Ttee | 105 E 4th St Ste 300, Cincinnati, OH 45202-4023 | OH | 1998-07 | $1,078,718 |
| 14 | The Glenn M Weaver Foundation | PO BOX 1118, Cincinnati, OH 45201-1118 | OH | 1998-08 | $1,075,904 |
| 15 | S E C Charitable Corp | 1041 Catawba Valley Dr, Cincinnati, OH 45226-1701 | OH | 1997-06 | $658,053 |
| 16 | The@bower-Suhrheinrich Foundation | PO BOX 630858, Cincinnati, OH 45263-0858 | OH | 1998-01 | $643,321 |
| 17 | Victor M & Harriet J Goldberg Foundation | PO BOX 578, Gates Mills, OH 44040-0578 | OH | 1997-01 | $609,478 |
| 18 | Walter & Jean Kalberer Foundation | 1259 W Hill Dr, Gates Mills, OH 44040-9636 | OH | 1996-02 | $556,225 |
| 19 | The Academy Of Medicine Of Cincinnati Foundation | 7265 Kenwood Rd Ste 315, Cincinnati, OH 45236-4411 | OH | 2014-07 | $550,713 |
| 20 | Sand Fair Foundation | 32400 Fairmount Blvd, Pepper Pike, OH 44124-4830 | OH | 1997-01 | $520,829 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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