Mark B & Jean Higgins Foundation 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
| Mark B & Jean Higgins Foundation | |
| Employer Identification Number (EIN) | 942750759 |
| Name of Organization | Mark B & Jean Higgins Foundation |
| Address | 105 Crestwood Dr, Pittsburgh, PA 15237-1715 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1981 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $748,660 |
| Amount of Income | $72,281 |
| Form 990 Revenue Amount | $41,419 |
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 | $41,475 | $37,752 | $29,558 | |
| Contributions, gifts, grants, etc., received | $3,723 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $29,558 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $8,194 | |||
| Total expenses and disbursements | $32,000 | $2,000 | $2,000 | $30,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,000 | $2,000 | $1,000 | |
| Contributions, gifts, grants paid | $29,000 | |||
| Excess of revenue over expenses and disbursements | $9,475 | |||
| Net investment income | $35,752 | |||
| Adjusted net income | $27,558 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $748,660 | $669,055 |
| Cash - non-interest-bearing | $30,444 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $521,497 | |
| Investments-corporate bonds | $169,877 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $26,842 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $748,660 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $8,194 |
| 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 | $358 |
| Total credits and payments | $2,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $2,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,642 |
| Amount to be credited to 2013 estimated tax | $1,642 |
| 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? | 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 | $673,692 |
| Net value of noncharitable-use assets | $663,580 |
| Minimum investment return | $33,179 |
| Distributable Amount (for 2012) | |
| Distributable amount | $32,821 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $32,821 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $16,924 |
| 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 | Maritime Exchange For The Delaware River And Bay | 240 Cherry St # 242, Philadelphia, PA 19106-1906 | PA | 1945-07 | $23,304,080 |
| 2 | Mariton Wild Life Santuary And Wilderness Tr | 1900 Market St, Philadelphia, PA 19103-3527 | PA | 1970-09 | $148,031 |
| 3 | Marjorie And Irwin Nat Pincus Fund | 277 Northwestern Ave, Philadelphia, PA 19128-1808 | PA | 1994-01 | $234,365 |
| 4 | Marjorie B Ingraham Tr U W | C/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | $159,226 | |
| 5 | Marjorie L Perfect Charitable Foundation | 1150 Berkshire Blvd Ste 110, Wyomissing, PA 19610-1208 | PA | 2003-03 | $194,931 |
| 6 | Marjorie S Lord And Mary Louise Lord Charitable Tr, Scarpo Joseph A Ttee | 542 Rugh Street, Greensburg, PA 15601-5623 | PA | 2004-01 | $4,527 |
| 7 | Marjorie Scragg Tr Uw Fbo Elm Park | 620 Liberty Ave, Pittsburgh, PA 15222-2722 | PA | $1,589,844 | |
| 8 | Marjorie Scragg Trust Fbo Salvation Army Uw | 1600 Market St Ste 4th Fl, Philadelphia, PA 19103-7240 | PA | $3,916 | |
| 9 | Mark Allen Friedman Foundation | 4402 Knox Ct, Warwick, PA 18974-6177 | PA | 2005-06 | $6,542 |
| 10 | Mark And Kimberley Miller Charitable Foundation | 142 Justabout Rd, Venetia, PA 15367-1229 | PA | 1999-02 | $2,342,660 |
| 11 | Mark B & Jean Higgins Foundation | 105 Crestwood Dr, Pittsburgh, PA 15237-1715 | PA | 1981-10 | $72,281 |
| 12 | Mark D Vanko Jr Scholarship Fund | 351 Spencer Hill Rd, Nicholson, PA 18446-8161 | PA | 1997-05 | $6,543 |
| 13 | Mark Edward Delowery Advancement Of Life And Society Medals Foundati | 474 Hughes Rd, Kng Of Prussa, PA 19406-3716 | PA | 2007-11 | $8,986 |
| 14 | Mark Engel Jack Seibel Memorial Music Scholarship Fund | 231 Park Ave, Washington, PA 15301-5713 | PA | 1985-04 | $732 |
| 15 | Mark H Wholey Family Foundation | 113 Nantucket Dr, Pittsburgh, PA 15238-1909 | PA | 2001-02 | $18,241 |
| 16 | Markle Vounteer Fire Department Inc | 470 Joyce St, Apollo, PA 15613-8705 | PA | 2005-02 | $63,894 |
| 17 | Markley Farms Swim And Tennis Club | 2407 Chestnut Ave, Norristown, PA 19403-3038 | PA | 1983-07 | $421,128 |
| 18 | Markow-Totevy Foundation Inc | Pnc Bank 620 Liberty Ave No 10thfl, Pittsburgh, PA 15222 | PA | 1999-04 | $142,705 |
| 19 | Marks Colorectal Surgical Foundation | 100 Lancaster Avenue, Wynnewood, PA 19096-3450 | PA | 1997-08 | $128,765 |
| 20 | Marks Family Association | 923 Race Street 2nd Floor, Philadelphia, PA 19107-1805 | PA | 2002-06 | $37,258 |
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