Charles A & Cora H Schumm Trust Fund in Philadelphia, Pennsylvania (PA)
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
- Other organizations in Pennsylvania
| Charles A & Cora H Schumm Trust Fund | |
| Employer Identification Number (EIN) | 236438893 |
| Name of Organization | Charles A & Cora H Schumm Trust Fund |
| In Care of Name | Fidelity Bank |
| Address | 101n Independ Mall E Macy1372-062, Philadelphia, PA 19106 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 09/1976 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $391,371 |
| Amount of Income | $191,390 |
| Form 990 Revenue Amount | $28,535 |
Non-representatives - add comments:
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 | $24,916 | $24,750 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $10,851 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $6,502 | |||
| Other | $7,563 | |||
| Total expenses and disbursements | $31,497 | $5,256 | $0 | $25,680 |
| Compensation of officers, directors, trustees, etc. | $6,865 | |||
| Total operating and administrative expenses | $13,034 | $5,256 | $7,217 | |
| Contributions, gifts, grants paid | $18,463 | |||
| Excess of revenue over expenses and disbursements | $-6,581 | |||
| Net investment income | $19,494 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $391,371 | $415,406 |
| Cash - non-interest-bearing | $783 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $374,560 | |
| Other | $16,028 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $391,371 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $7,563 |
| 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 | $195 |
| Total credits and payments | $479 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $479 |
| 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 | $284 |
| Amount to be credited to 2013 estimated tax | $195 |
| 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 | $416,983 |
| Net value of noncharitable-use assets | $410,720 |
| Minimum investment return | $20,536 |
| Distributable Amount (for 2012) | |
| Distributable amount | $20,341 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $20,341 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $14,265 |
| 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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| Other organizations in Pennsylvania | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Charleroi Main Street Inc | 300 Fallowfield Ave, Charleroi, PA 15022-1405 | PA | 2003-10 | $105,363 |
| 2 | Charleroi Sportsmens Association | 79 Gun Club Rd, Charleroi, PA 15022-3023 | PA | 1965-12 | $191,342 |
| 3 | Charleroi Trustees Community Park Fund | 1 Chamber Plz, Charleroi, PA 15022-1602 | PA | 1958-01 | $43,244 |
| 4 | Charles & Anne S Genuardi Family Foundation | 307 Thomas Dr, Kng Of Prussa, PA 19406-2325 | PA | 1999-02 | $437,737 |
| 5 | Charles & Bella Schlow Library Tr, Schlow Charles Creator | 2591 Park Center Blvd, State College, PA 16801-3007 | PA | 2003-05 | $54,612 |
| 6 | Charles & Betty Degenstein Fdn | C/O Susq Tr 1570 Manheim Pike Bx, Lancaster, PA 17604 | PA | 1979-01 | $1,313,101 |
| 7 | Charles & Dorothy Wein Charitable Foundation | PO BOX 609, Pittsburgh, PA 15230-0609 | PA | 1983-03 | $117,420 |
| 8 | Charles & Figa Kline Foundation | 5050 Tilgham St Commerce Corp 115, Allentown, PA 18104 | PA | 1957-06 | $2,121,364 |
| 9 | Charles & Josephine Anderson Crut Tr-Gettysburg | C/O Bryn Mawr Tr Co 1 E Chocolate, Hershey, PA 17033 | PA | 2004-03 | $87,627 |
| 10 | Charles & Louise Esplin Trust Fund | PO BOX 609, Pittsburgh, PA 15230-0609 | PA | $478,555 | |
| 11 | Charles A & Cora H Schumm Trust Fund | 101n Independ Mall E Macy1372-062, Philadelphia, PA 19106 | PA | 1976-09 | $191,390 |
| 12 | Charles A & Elizabeth Guy Holmes Foundation 21309-00-0 | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1986-11 | $25,721 |
| 13 | Charles A & Frances M Poux Charitable Foundation | Pnc Bank Na 620 Liberty Avenue 10, Pittsburgh, PA 15222 | PA | 1997-05 | $11,200 |
| 14 | Charles A Childs Family Memorial Fund | Pnc Bankna 620 Liberty Ave No 10 Fl, Pittsburgh, PA 15222 | PA | 1976-05 | $85,467 |
| 15 | Charles A Coble Tw 07512 00 7 | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1973-08 | $30,072 |
| 16 | Charles A Dailey Foundation | 2050 S Shore Dr, Erie, PA 16505-2246 | PA | 1953-02 | $68,101 |
| 17 | Charles A Kahaner Foundation | 190 Presidential Blvd Unit 509, Bala Cynwyd, PA 19004-1164 | PA | 1960-09 | $61,851 |
| 18 | Charles A Melton Arts & Education Center | 501 E Miner St, West Chester, PA 19382-3431 | PA | 1950-08 | $143,054 |
| 19 | Charles A Randolph Fund | Pnc Bank 620 Liberty Avenue No 10, Pittsburgh, PA 15222 | PA | 1994-08 | $281,774 |
| 20 | Charles And Frances Kelly Urological Foundation | 8100 Roosevelt Blvd Ste 101, Philadelphia, PA 19152-2900 | PA | 2003-12 | $130,433 |
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