Grass Foundation in Wilmington, Delaware (DE)

Grass Foundation
Employer Identification Number (EIN)	046049529
Name of Organization	Grass Foundation
Address	501 Silverside Rd Ste 123, Wilmington, DE 19809-1377
Activities	Other school related activities, Scholarships (other), Gifts, grants, or loans to other organizations
Subsection	Scientific Organization, Educational Organization, Charitable Organization
Ruling Date	11/1957
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$10,000,000 to $49,999,999
Income	$10,000,000 to $49,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$19,835,251
Amount of Income	$21,922,675
Form 990 Revenue Amount	$1,105,344

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2012)
Total revenue	$621,905	$621,905	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$214
Dividends and interest from securities	$466,693
Gross rents	$0
Gross profit from sales of goods	$0
Other income	$7,802
Other	$147,196
Total expenses and disbursements	$948,089	$171,339	$0	$766,999
Compensation of officers, directors, trustees, etc.	$13,940
Total operating and administrative expenses	$766,589	$171,339		$585,499
Contributions, gifts, grants paid	$181,500
Excess of revenue over expenses and disbursements	$-326,184
Net investment income		$450,566
Adjusted net income			$0

	Book Value	Fair Market Value
Balance Sheets (for 2012)
Total assets	$18,195,280	$19,834,897
Cash - non-interest-bearing	$0
Investments-U.S. and state government obligations	$2,860,279
Investments-corporate stock	$11,251,295
Investments-corporate bonds	$222,515
Investments-mortgage loans	$0
Investments-other	$2,728,099
Other	$1,133,092
Total liabilities	$1
Mortgages and other notes payable	$0
Other	$1
Total liabilities and net assets/fund balances	$18,195,280

Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income	$147,196
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	$9,011
Total credits and payments	$9,237
2012 estimated tax payments and 2011 overpayment credited to 2012	$8,200
Exempt foreign organizations-tax withheld at source	$0
Tax paid with application for extension of time to file (Form 8868)	$1,037
Backup withholding erroneously withheld	$0
Any penalty for underpayment of estimated tax	$0
Tax due	$0
Overpayment	$226
Amount to be credited to 2013 estimated tax	$226

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	$19,686,196
Net value of noncharitable-use assets	$19,390,900
Minimum investment return	$969,545

Distributable Amount (for 2012)
Distributable amount	$960,534

Undistributed Income (for 2012)
Distributable amount for 2012	$960,534
Undistributed income for 2012. This amount must be distributed in 2013	$175,583

	2012	2011	2010	2009	Total
Private Operating Foundations (for 2012)
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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Id	Name	Address	State	Established	Total Income
Other organizations in Delaware
1	H Scott Caven Iii Memorial Foundation Inc	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2007-08	$526,677
2	Central Delaware Hfh	544 Webbs Ln, Dover, DE 19904-5490	DE	2010-02	$1,158,162
3	Habitat For Humanity International Inc, Sussex County	PO BOX 759, Georgetown, DE 19947-0759	DE	1987-01	$3,163,263
4	Hagan Foundation	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2006-10	$594,713
5	Hahn Family Foundation, Hahn Daryl Ttee	501 Silverside Rd, Wilmington, DE 19809-1374	DE	2008-09	$109,097
6	Hammonds Family Foundation	1007 Barley Mill Rd, Wilmington, DE 19807-2221	DE	1998-11	$1,360,111
7	Happy Feet Inc	3371 Harris Rd, Townsend, DE 19734	DE	2004-03	$0
8	Happy Life Childrens Home	140 Airport Rd, New Castle, DE 19720-2302	DE	2004-12	$334,490
9	Harbor Road Foundation	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2008-06	$10,823
10	Gramm Family Foundation Mcdermott Will & Emery	PO BOX 15627, Wilmington, DE 19850-5627	DE	1987-12	$386,750
11	Grass Foundation	501 Silverside Rd Ste 123, Wilmington, DE 19809-1377	DE	1957-11	$21,922,675
12	Great Oak Yacht Club Inc	2116 Weatherton Drive, Wilmington, DE 19810	DE	1982-01	$0
13	Grunwald Fam Charitable Foundation Inc	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2000-05	$218,928
14	Guardians Of Life Inc	506 Bellhaven Ct, Bethany Beach, DE 19930-9603	DE	2003-01	$572,884
15	Goulet Family Charitable Trust, P Kevin Condron Ttee	1100 N Market St, Wilmington, DE 19890-1100	DE	2008-04	$466,932
16	Gladys And Irving Coopersmith Charitable Trust, Arthur A Anderman Co Ttee	PO BOX 396, Wilmington, DE 19899-0396	DE	2007-04	$3,511,927
17	Guybeano Realty Company Inc	500 Stanton Christiana Rd Ops 3 2-P, Newark, DE 19713-2105	DE	1984-06	$29,827
18	Harley Brownell Gibbs Test Tr 20- 6439-002	200 Bellevue Pkwy Ste 220, Wilmington, DE 19809-3727	DE		$368,220
19	Guest House Inc Welfare Benefit Trust, Nbd Bank N A Ttee	500 Stanton Christiana Rd Ops 4, Newark, DE 19713-2105	DE	1994-01	$334,668
20	Happy Davis Foundation	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2008-04	$10,209,888

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