Mary Lore Flowe Charitable Tr 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
| Mary Lore Flowe Charitable Tr | |
| Employer Identification Number (EIN) | 616341200 |
| Name of Organization | Mary Lore Flowe Charitable Tr |
| In Care of Name | Wachovia Bank N A Ttee |
| Address | 101 N Independence Mall E Macy1372-, Philadelphia, PA 19106-2112 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $2,464,929 |
| Amount of Income | $701,825 |
| Form 990 Revenue Amount | $98,491 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2010: $701,825 (it was $98,491 in 2011)
| Mary Lore Flowe Charitable Tr: | $701,825 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2010: $2,464,929 (it was $2,465,220 in 2011)
| This organization: | $2,464,929 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2011: $108,147
| This organization: | $108,147 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2011: 6.5
| Mary Lore Flowe Charitable Tr: | 6.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 0.0%
| Mary Lore Flowe Charitable Tr: | 0.0% |
| Other organizations performing similar types of work: | 79.6% |
Revenue for 2011
Expenses for 2011
Assets 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 | $98,491 | $97,331 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $83,855 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $14,636 | |||
| Total expenses and disbursements | $108,147 | $22,510 | $0 | $79,593 |
| Compensation of officers, directors, trustees, etc. | $29,035 | |||
| Total operating and administrative expenses | $38,573 | $22,510 | $10,019 | |
| Contributions, gifts, grants paid | $69,574 | |||
| Excess of revenue over expenses and disbursements | $-9,656 | |||
| Net investment income | $74,821 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,465,220 | $2,438,271 |
| Cash - non-interest-bearing | $10,327 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $2,374,966 | |
| Other | $79,927 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,465,220 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $14,636 |
| 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 | $1,496 |
| Total credits and payments | $3,510 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $3,510 |
| 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 | $2,014 |
| Amount to be credited to 2012 estimated tax | $1,496 |
| 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? | 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 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 | $2,626,870 |
| Net value of noncharitable-use assets | $2,587,460 |
| Minimum investment return | $129,373 |
| Distributable Amount (for 2011) | |
| Distributable amount | $127,877 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $127,877 |
| 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 | Ruth Lilly Philanthropic Foundation, 20000110730 | 620 Liberty Ave, Pittsburgh, PA 15222-2722 | PA | 2008-03 | $82,150,063 |
| 2 | The@moses Feldman Family Foundation | Eight Tower Bridge, Conshohocken, PA 19428 | PA | 2005-02 | $28,739,023 |
| 3 | Alexander Grass Foundation | PO BOX 1426, Mechanicsburg, PA 17055-1426 | PA | 2010-08 | $18,959,813 |
| 4 | John H Wright Etal Trust Fbo Lucille Wright Etal | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 2011-07 | $14,854,597 |
| 5 | The Merops Foudation | 1650 Market St Ste 1200, Philadelphia, PA 19103-7311 | PA | 2013-02 | $14,142,575 |
| 6 | Seed The Dream Foundation | PO BOX 768, Gladwyne, PA 19035-0768 | PA | 2011-08 | $13,131,795 |
| 7 | Sheller Family Foundation | 225 S 18th St Ph 1802, Philadelphia, PA 19103-6162 | PA | 2002-06 | $11,176,477 |
| 8 | Sunil And Nita Wadhwani Fam Foundation | 1110 Meridian Dr, Presto, PA 15142-1030 | PA | 2000-11 | $10,724,911 |
| 9 | The Rhoads Family Environmental Fund | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 2007-09 | $10,724,287 |
| 10 | Jill And Mark Fishman Foundation | 848 Roscommon Rd, Bryn Mawr, PA 19010-1845 | PA | 2011-01 | $8,679,870 |
| 11 | Rita M Mcginley Foundation | 600 Grant St Ste 4400, Pittsburgh, PA 15219-2713 | PA | 2003-09 | $6,816,268 |
| 12 | Rose Koehler Curtze Memorial Fund | PO BOX 609, Pittsburgh, PA 15230-0609 | PA | 2006-09 | $6,288,620 |
| 13 | The Chatham Foundation | 660 Dorset Rd, Devon, PA 19333-1843 | PA | 2003-04 | $5,362,679 |
| 14 | Secrist Family Charitable Foundation | Pnc Bank N A-1600 Market St-Tax, Philadelphia, PA 19103 | PA | 2011-01 | $5,032,397 |
| 15 | Head Family Charitable Foundation, Carol A Head Ttee | 1650 Market St Ste 1200, Philadelphia, PA 19103-7311 | PA | 2011-02 | $4,636,909 |
| 16 | Gpd Charitable Tr, John P Deblasio Ttee | 447 Washington Ave, Bridgeville, PA 15017-2332 | PA | 2014-03 | $4,489,216 |
| 17 | The Susan Sarandon Charitable Foundation | 160 N Pointe Blvd Ste 200, Lancaster, PA 17601-4134 | PA | 2003-05 | $4,415,446 |
| 18 | Cindy And Murry Gerber Foundation | 535 Smithfield Street, Pittsburgh, PA 15222-2393 | PA | 2012-03 | $4,307,313 |
| 19 | Kirchhoff Family Foundation | 160 N Pointe Blvd Ste 200, Lancaster, PA 17601-4134 | PA | 2013-09 | $4,213,122 |
| 20 | Lawrence & Rebecca Stern Family Foundation Inc | 1540 Fox Chase Ln, Pittsburgh, PA 15241-3148 | PA | 2011-11 | $4,168,540 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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