Marian Grace Morton Charitable Tr Ii 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
- Organizations performing similar types of work
Marian Grace Morton Charitable Tr Ii | |
Employer Identification Number (EIN) | 516589614 |
Name of Organization | Marian Grace Morton Charitable Tr Ii |
In Care of Name | Pnc Bank N A Trustee |
Address | 1600 Market St, Philadelphia, PA 19103 |
Subsection | Charitable Organization |
Ruling Date | 09/2007 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Trust |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2010 |
Assets | $500,000 to $999,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
Asset Amount | $860,892 |
Amount of Income | $447,037 |
Form 990 Revenue Amount | $40,791 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2010: $447,037 (it was $40,791 in 2011)
This organization: | $447,037 |
Other organizations performing similar types of work: | $105,489 |
Assets in 2010: $860,892 (it was $19,202 in 2011)
This organization: | $860,892 |
Other organizations performing similar types of work: | $325,460 |
Expenses in 2011: $882,482
This organization: | $882,482 |
Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2011: 0.5
Marian Grace Morton Charitable Tr Ii: | 0.5 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 0.0%
Marian Grace Morton Charitable Tr Ii: | 0.0% |
Other organizations performing similar types of work: | 22.8% |
Revenue for 2011
Expenses for 2011
Analysis of Revenue and Expenses (for 2011) | ||||
Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
---|---|---|---|---|
Total revenue | $40,791 | $40,791 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $8,965 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $31,826 | |||
Total expenses and disbursements | $882,482 | $18,937 | $0 | $882,776 |
Compensation of officers, directors, trustees, etc. | $25,250 | |||
Total operating and administrative expenses | $13,434 | $18,937 | $13,728 | |
Contributions, gifts, grants paid | $869,048 | |||
Excess of revenue over expenses and disbursements | $-841,691 | |||
Net investment income | $21,854 | |||
Adjusted net income | $0 |
Balance Sheets (for 2011) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $19,202 | $19,202 |
Cash - non-interest-bearing | $19,202 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $19,202 |
Capital Gains and Losses for Tax on Investment Income (for 2011) | |
Capital gain net income | $31,826 |
Net capital loss | $0 |
Excise Tax Based on Investment Income (for 2011) | |
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
Tax based on investment income | $219 |
Total credits and payments | $5,000 |
2011 estimated tax payments and 2010 overpayment credited to 2011 | $5,000 |
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 |
Overpayment | $4,781 |
Amount to be credited to 2012 estimated tax | $0 |
Statements Regarding Activities (for 2011) | |
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 2011 or the taxable year beginning in 2011? | No |
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $522,671 |
Net value of noncharitable-use assets | $514,840 |
Minimum investment return | $25,742 |
Distributable Amount (for 2011) | |
Distributable amount | $25,523 |
Undistributed Income (for 2011) | |
Distributable amount for 2011 | $25,523 |
Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
Private Operating Foundations (for 2011) | |||||
2011 | 2010 | 2009 | 2008 | 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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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Dietrich Foundation | Usx Tower 600 Grant St Rm 5360, Pittsburgh, PA 15219-2703 | PA | 2012-06 | $730,401,207 |
2 | Wyncote Foundation | 1717 Arch St Fl 14, Philadelphia, PA 19103-2740 | PA | 2009-07 | $136,010,734 |
3 | June H Geneen Charitable Foundation | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 2013-12 | $20,306,522 |
4 | William B Dietrich Foundation | 30 S 17th St, Philadelphia, PA 19103-4001 | PA | 2011-01 | $19,724,841 |
5 | Woodtiger Fund | PO BOX 66, Erwinna, PA 18920-0066 | PA | 2009-07 | $19,045,726 |
6 | Louise Washington Charitable Trust 010-42432012041505 | 1600 Market St, Philadelphia, PA 19103-7240 | PA | 2015-03 | $18,321,976 |
7 | Hawley & Myrtle Quier Fund | C/O 237 Court Street, Reading, PA 19601 | PA | 2010-08 | $13,913,209 |
8 | Ppl Foundation | 2 N 9th St, Allentown, PA 18101-1139 | PA | 2013-08 | $13,005,044 |
9 | Stutzman Fam Foundation, Walter J Stutzman Et Al Ttee | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 2009-06 | $12,487,113 |
10 | Tua Fbo Negley Flinn Charitable Foundation 120600 | C/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | 2001-05 | $12,481,119 |
11 | Robert J Gunterberg Charitable Foundation | 1350 Park Rd, Lancaster, PA 17601-5244 | PA | 2008-08 | $9,596,172 |
12 | Lester G Abeloff Foundation | 7257 Hickory Ln, Stroudsburg, PA 18360-7678 | PA | 2010-09 | $8,751,815 |
13 | Virginia B Squiers Foundation | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 2011-12 | $7,826,562 |
14 | The Melmark Charitable Foundation | 2600 Wayland Rd, Berwyn, PA 19312-2307 | PA | 2014-09 | $7,299,917 |
15 | Margaret Raphael Foundation-Tr | 500 Grant St Ste 3825, Pittsburgh, PA 15219-2535 | PA | 2013-07 | $7,032,944 |
16 | Fred J And Shirley H Jordan Foundation | 20 Stanwix St Ste 650, Pittsburgh, PA 15222-4803 | PA | 2011-02 | $7,032,673 |
17 | Kohelet Foundation | 822 Montgomery Ave Ste 201, Narberth, PA 19072-1946 | PA | 2009-02 | $7,030,398 |
18 | Roy W Piper Charitable Tr, Robert P Browning Co Ttee | PO BOX 460, Tunkhannock, PA 18657-0460 | PA | 2008-06 | $6,871,790 |
19 | Hinda Foundation | 1005 Plowshare Rd, Yardley, PA 19067-4252 | PA | 2013-05 | $6,639,319 |
20 | Morgan Family Foundation Inc | 135 Flayhart Ln, Centre Hall, PA 16828-9131 | PA | 2015-04 | $6,372,085 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 22,395 |
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