Cove Charitable Trust 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
| Cove Charitable Trust | |
| Employer Identification Number (EIN) | 046118955 |
| Name of Organization | Cove Charitable Trust |
| In Care of Name | Mellon Trust Of New England |
| Address | PO BOX 185, Pittsburgh, PA 15230-0185 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1964 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,392,506 |
| Amount of Income | $2,501,729 |
| Form 990 Revenue Amount | $62,268 |
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 | $113,723 | $109,013 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $77,061 | |||
| Gross rents | $36,662 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $199,194 | $18,122 | $0 | $179,329 |
| Compensation of officers, directors, trustees, etc. | $25,960 | |||
| Total operating and administrative expenses | $30,319 | $18,122 | $10,454 | |
| Contributions, gifts, grants paid | $168,875 | |||
| Excess of revenue over expenses and disbursements | $-85,471 | |||
| Net investment income | $90,891 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,115,717 | $4,451,731 |
| 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 | $4,028,068 | |
| Other | $87,649 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,115,717 | |
| 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 | $1,818 |
| Total credits and payments | $1,124 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,124 |
| 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 | $694 |
| 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? | 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 | $4,411,923 |
| Net value of noncharitable-use assets | $4,345,740 |
| Minimum investment return | $217,287 |
| Distributable Amount (for 2012) | |
| Distributable amount | $223,969 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $223,969 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $7,646 |
| 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 | County Of Allegheny Municipal Police Home Association | 105 Mills Street, Braddock, PA 15104 | PA | 1988-07 | $0 |
| 2 | County Theater Inc | 91 E Court St, Doylestown, PA 18901-4328 | PA | 1985-05 | $1,058,915 |
| 3 | County Treasurers Association | 1205 Ragged Edge Rd, Chambersburg, PA 17202-9707 | PA | 1994-06 | $128,448 |
| 4 | Court Appointed Special Advocate Program Of Beaver County Inc | 250 Insurance St Ste 306, Beaver, PA 15009-2760 | PA | 2001-08 | $97,050 |
| 5 | Courtland Healthcare Inc Medical Malpractice Self-Insurance Trust | C/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | 2004-09 | $423 |
| 6 | Courtney Anne Diacont Memorial Fdn Inc | 648 Bok Road, Nazareth, PA 18064 | PA | 2008-09 | $19,927 |
| 7 | Courtney Babcock Borntraeger Foundation, Carl W & Courtney B Borntraeger Tte | 249 Fifth Ave 3rd Fl One Pnc Plaza, Pittsburgh, PA 15222 | PA | 2009-06 | $1,246,101 |
| 8 | Coutts & Clark Foundation Inc | PO BOX 476, E Stroudsburg, PA 18301-0476 | PA | 2001-01 | $58,597 |
| 9 | Coutts & Clark Western Foundation Inc | PO BOX 476, E Stroudsburg, PA 18301-0476 | PA | 2001-02 | $169,698 |
| 10 | Cove Area Regional Digester Project | 110 South Walnut Street, Martinsburg, PA 16662 | PA | 2006-10 | $8 |
| 11 | Cove Charitable Trust | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1964-12 | $2,501,729 |
| 12 | Cove Community Theater | 133 Beaver Creek Road, Loysburg, PA 16659 | PA | 2009-01 | $4,847 |
| 13 | Cove Valley Christian Youth Camp | 5357 Little Cove Rd, Mercersburg, PA 17236-9409 | PA | 1969-03 | $390,337 |
| 14 | Covenant Christian Academy | 1982 Locust Ln, Harrisburg, PA 17109-3332 | PA | 1997-11 | $1,942,483 |
| 15 | Covenant Christian Academy Of The Lehigh Valley | 1414 Pennsylvania Ave, Bethlehem, PA 18018-2017 | PA | 2006-09 | $295,832 |
| 16 | Covenant Foundation | 535 Gradyville Rd Ste 5127, Newton Square, PA 19073-2814 | PA | $431,089 | |
| 17 | Covenant Fund | 200 N Market St, Ligonier, PA 15658-1231 | PA | 2009-02 | $1,220,663 |
| 18 | Covenant House Inc | 251 E Bringhurst St, Philadelphia, PA 19144-1719 | PA | 1966-07 | $3,264,128 |
| 19 | Covenant International Institute Inc | 7500 Germantown Ave, Philadelphia, PA 19119-1600 | PA | 1996-01 | $473,541 |
| 20 | Covenant Ministry Associates Inc | 4 Glenwood Drive, Strasburg, PA 17579 | PA | 2007-04 | $0 |
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