Charles B & Ruth A Sharp Scholarship Fund in Pittsburgh, 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 B & Ruth A Sharp Scholarship Fund | |
| Employer Identification Number (EIN) | 226381070 |
| Name of Organization | Charles B & Ruth A Sharp Scholarship Fund |
| In Care of Name | Pnc Bank |
| Address | Pnc Bank Na 620 Liberty Avenue No, Pittsburgh, PA 15222 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2006 |
| Foundation | Private non-operating foundation |
| Exempt Organization Status | Organization terminating its private foundation status under section 507(b)(1)(B) of the Code |
| 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 | $41,796 |
| Amount of Income | $4,599 |
| Form 990 Revenue Amount | $1,730 |
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 | $2,195 | $2,195 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,195 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1,000 | |||
| Total expenses and disbursements | $4,501 | $714 | $0 | $3,767 |
| Compensation of officers, directors, trustees, etc. | $752 | |||
| Total operating and administrative expenses | $3,201 | $714 | $2,467 | |
| Contributions, gifts, grants paid | $1,300 | |||
| Excess of revenue over expenses and disbursements | $-2,306 | |||
| Net investment income | $1,481 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $41,796 | $47,602 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $39,988 | |
| Other | $1,808 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $41,796 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,000 |
| 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 | $15 |
| Total credits and payments | $40 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $40 |
| 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 | $25 |
| Amount to be credited to 2013 estimated tax | $20 |
| 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 | $48,366 |
| Net value of noncharitable-use assets | $47,640 |
| Minimum investment return | $2,382 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,367 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,367 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| 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 | Cat Haven And Rescue Mission | 282 Summit House, West Chester, PA 19382-6551 | PA | 2009-06 | $14,865 |
| 2 | Catholic War Veterans Of The United States Of America Inc, 1067 Post-Cmr-Cwv | 721 Furnace St, Emmaus, PA 18049-3602 | PA | 1972-02 | $193,159 |
| 3 | Catholic War Veterans Of The United States Of America Inc, 1306 Post-Cmr-Cwv | PO BOX 37, Columbia, PA 17512-0037 | PA | 1972-02 | $1,229,099 |
| 4 | Cayman Foundation, Schofield Douglas F Ttee | 5180 Watters Rd, Lower Burrell, PA 15068-8701 | PA | 1992-02 | $1 |
| 5 | Cecilia C Murdoch Tr Fob Grace George & T Oconner Jones Endowment | C/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | 2006-03 | $43,442 |
| 6 | Cen Baass Camping Corporation | PO BOX 62322, Harrisburg, PA 17106-2322 | PA | 2006-04 | $15,830 |
| 7 | Central Pa Amish Library | 141 Broad St, Rebersburg, PA 16872-9103 | PA | 2009-07 | $4,544 |
| 8 | Central Pennsylvania Society For Gastrointestinal Endoscopy | 1421 Fishburn Road, Hershey, PA 17033 | PA | 2011-05 | $0 |
| 9 | Central York Basketball Organization | PO BOX 75, Emigsville, PA 17318-0075 | PA | 2009-03 | $31,414 |
| 10 | Chapel Of Truth Maranatha | 6300 Old York Road Apt 803, Philadelphia, PA 19141 | PA | 2003-10 | $1 |
| 11 | Charles B & Ruth A Sharp Scholarship Fund | Pnc Bank Na 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | 2006-07 | $4,599 |
| 12 | Charles E Grange | Pnc Bank 620 Liberty Avenue No 10, Pittsburgh, PA 15222 | PA | 2006-03 | $210,237 |
| 13 | Charles E Grange 2 Nect | C/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | 2006-03 | $61,211 |
| 14 | Charles E Grange 3 | Pnc Bank 620 Liberty Avenue No 10, Pittsburgh, PA 15222 | PA | 2006-03 | $54,119 |
| 15 | Charles H Edenborn 4 Nect | Pnc Bank 620 Liberty Avenue No 10, Pittsburgh, PA 15222 | PA | 2006-03 | $11,013 |
| 16 | Charles H English Tr Fbo Crippled Children Fund | Pnc Bank Na 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | 2006-04 | $20,970 |
| 17 | Charles Maier Tr Uw 0181858 Fbo Western Pa Humane Soc Og Pgh Pa | Pnc Bank Na 620 Liberty Avenue 10, Pittsburgh, PA 15222 | PA | 2006-03 | $134,786 |
| 18 | Charles Morris Price School Trust, Provident Natl Bank Tr 46716 | Pnc Bank 620 Liberty Avenue No 10, Pittsburgh, PA 15222 | PA | 2006-03 | $15,236 |
| 19 | Charles Oliver Irrv Tr Ua Fbo All Saints Episcopal Church 12-05-50 | Pnc Bank 620 Liberty Ave No 10thfl, Pittsburgh, PA 15222 | PA | 2006-01 | $3,045 |
| 20 | Charles S Robinson | Pnc Bank 620 Liberty Avenue No 10, Pittsburgh, PA 15222 | PA | $92,126 | |
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