Charles Mccloskey Memorial Scholarship Fund in Austin, 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 Mccloskey Memorial Scholarship Fund | |
| Employer Identification Number (EIN) | 256355191 |
| Name of Organization | Charles Mccloskey Memorial Scholarship Fund |
| In Care of Name | Austin Area School District |
| Address | 138 Costello Ave, Austin, PA 16720-1806 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 12/1990 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2012 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $103,266 |
| Amount of Income | $2,484 |
| Form 990 Revenue Amount | $2,484 |
Non-representatives - add comments:
Expenses 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 | $2,484 | $2,484 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2,484 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $3,211 | $0 | $0 | $2,211 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,271 | $0 | $1,271 | |
| Contributions, gifts, grants paid | $940 | |||
| Excess of revenue over expenses and disbursements | $-727 | |||
| Net investment income | $2,484 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $103,266 | $103,266 |
| 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 | $0 | |
| Other | $103,266 | |
| Total liabilities | $1,700 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,700 | |
| Total liabilities and net assets/fund balances | $101,566 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $50 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $50 |
| 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? | Yes |
| 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? | Yes |
| 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 | $102,030 |
| Net value of noncharitable-use assets | $100,500 |
| Minimum investment return | $5,025 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,975 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,975 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $4,975 |
| 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 | Charles K Williams Tr, 108421dj013 | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1985-10 | $525,001 |
| 2 | Charles Knox And Margaret C Etnerfoundation | Citizens Northern Bk Trustee 90-92, Wellsboro, PA 16901 | PA | 2006-05 | $329,664 |
| 3 | Charles L Cost Foundation | 2400 Ardmore Blvd, Pittsburgh, PA 15221-5299 | PA | $265,000 | |
| 4 | Charles L Wright Foundation Trust | PO BOX 609, Pittsburgh, PA 15230-0609 | PA | 1982-06 | $44,162 |
| 5 | Charles Lebzetter Tw Residuary Tr | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1973-10 | $19,270 |
| 6 | Charles Levy Foundation | One Laton Rd, Yardley, PA 19067 | PA | 1968-01 | $40,025 |
| 7 | Charles M Howell Masonic Hall Association Lodge No 496 | Po Box 157, Millersville, PA 17551 | PA | 1990-04 | $20,467 |
| 8 | Charles M Morris Charitable Trust | 620 Liberty Ave, Pittsburgh, PA 15222-2722 | PA | 1990-08 | $19,280,093 |
| 9 | Charles M Shander Tr Ua Fbo Wistar Institute | 620 Liberty Ave, Pittsburgh, PA 15222-2722 | PA | 2001-04 | $29,760 |
| 10 | Charles M Staley Decd For Helene M Staley Uw No 281 | PO BOX 609, Pittsburgh, PA 15230-0609 | PA | 1980-12 | $10,292 |
| 11 | Charles Mccloskey Memorial Scholarship Fund | 138 Costello Ave, Austin, PA 16720-1806 | PA | 1990-12 | $2,484 |
| 12 | Charles N Morgan Tr Uw 0399057 Fbo St Barnabas Home & Church Women | C/O Pnc Bank 620 Liberty Ave No 10, Pittsburgh, PA 15222 | PA | $111,891 | |
| 13 | Charles N Stafford Post No 111 Homeassociation Inc, Charles N Stafford Post No 111 Home | 17137 Cussewago Rd, Meadville, PA 16335-9593 | PA | 2009-12 | $748,992 |
| 14 | Charles P & Margaret E Polk Foundation | 301 North Street, Millersburg, PA 17061-1648 | PA | 1961-05 | $7,333,243 |
| 15 | Charles R & Elizabeth J M Wagner Charitable Tr | PO BOX 3215, Lancaster, PA 17604-3215 | PA | 1998-04 | $18,043 |
| 16 | Charles R Burke Jr Foundation | 650 Smithfield St Ste 250, Pittsburgh, PA 15222-3907 | PA | 1997-10 | $159,127 |
| 17 | Charles R Grissinger Trust Fund Uw 0027715 | C/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | $9,625 | |
| 18 | Charles R Nailler Memorial Foundation | 1 Fnb Blvd, Hermitage, PA 16148-3347 | PA | 1997-03 | $288,561 |
| 19 | Charles S Swope Memorial Scholarship Foundation | 410 Exton Square Pkwy, Exton, PA 19341-2447 | PA | 1964-10 | $125,054 |
| 20 | Charles Shander Tr Fbo Thomas | 620 Liberty Ave, Pittsburgh, PA 15222-2722 | PA | 2000-03 | $87,210 |
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