Michael L And Susan K Wert Foundation in Penns Park, 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
| Michael L And Susan K Wert Foundation | |
| Employer Identification Number (EIN) | 232901015 |
| Name of Organization | Michael L And Susan K Wert Foundation |
| In Care of Name | Michael L Wert |
| Address | PO BOX 389, Penns Park, PA 18943-0389 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $7,231 |
| Amount of Income | $5,537 |
| Form 990 Revenue Amount | $1,329 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2012
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 | $805 | $805 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $537 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $268 | |||
| Total expenses and disbursements | $5,960 | $960 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $5,000 | |||
| Other | $1 | |||
| Excess of revenue over expenses and disbursements | $-5,155 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $7,231 | $7,541 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $7,231 | |
| 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 | $7,231 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $268 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | 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 | $10,139 |
| Net value of noncharitable-use assets | $9,980 |
| Minimum investment return | $499 |
| Distributable Amount (for 2012) | |
| Distributable amount | $499 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $499 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| 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 | Michael And Patricia Scully Family Foundation Inc | 801 Old York Road, Jenkintown, PA 19046-1611 | PA | 2001-10 | $152 |
| 2 | Michael And Sherle Berger Foundation | 401 Bingham Street, Pittsburgh, PA 15203-1034 | PA | 2000-04 | $49,182 |
| 3 | Michael B & Sara Fritch Dolmayer Scholarship Fund, Srar F Dolmayer Ttee | 471 Bear Creek Rd, Sarver, PA 16055-9220 | PA | 2002-12 | $17 |
| 4 | Michael Baker Corporation Foundation | 100 Airside Dr, Moon Township, PA 15108-2783 | PA | 2006-11 | $91,181 |
| 5 | Michael Bartone Memorial Fund | 341 E Lancaster Ave, Downingtown, PA 19335-2974 | PA | 2003-11 | $71,337 |
| 6 | Michael Bedell Scholarship Fund | PO BOX 27, Big Run, PA 15715-0027 | PA | 2004-01 | $25 |
| 7 | Michael Bianco Memorial Scholarship Fund | 505 E Curtin St, Bellefonte, PA 16823-2116 | PA | 1986-08 | $14 |
| 8 | Michael F And Sue Ellen Young Charitable Foundation | 800 Andorra Rd, Lafayette Hl, PA 19444-1703 | PA | 2006-01 | $41,600 |
| 9 | Michael F Sherlock Foundation | 424 West Bridge Street, Morrisville, PA 19067 | PA | 2006-07 | $129 |
| 10 | Michael H Wise Ii Memorial Fund | PO BOX 8161, Reading, PA 19603-8161 | PA | 2006-12 | $28,579 |
| 11 | Michael L And Susan K Wert Foundation | PO BOX 389, Penns Park, PA 18943-0389 | PA | 1997-10 | $5,537 |
| 12 | Michael L Fiorelli Sr Foundation Inc | 115 Augusta Dr, West Chester, PA 19382-6105 | PA | 1999-08 | $26,520 |
| 13 | Michael Mamula Scholarshp Fund Inc | 4 Ithan Woods Ln, Villanova, PA 19085-1336 | PA | 2008-01 | $4,691 |
| 14 | Michael Menichini Scholarship Fund | 281 Davis Ave Apt G12, Clifton Hts, PA 19018-1438 | PA | 2001-03 | $29,065 |
| 15 | Michael Ministries | 1103 Cromwell Rd, Wyndmoor, PA 19038 | PA | 1996-06 | $140,057 |
| 16 | The Michael Patrick Finnegan Foundation | 116 Waterfall Lane, Landenberg, PA 19350 | PA | 2004-12 | $20,668 |
| 17 | Michael Petrone Foundation | 400 Van Gleason Dr, Collegeville, PA 19426-4108 | PA | 1999-08 | $16,582 |
| 18 | Michael S Repella Memorial Scholarship Fund Irrv Tr | C/O Susq Tr 1570 Manheim Pike Bx, Lancaster, PA 17604 | PA | 2005-07 | $57,162 |
| 19 | Michael Steiner Post, Memorial Home Association | 508 Church St, Jessup, PA 18434-1004 | PA | 1950-01 | $31,685 |
| 20 | Michaels Way | 175 Commerce Dr Ste 400, Ft Washington, PA 19034-2426 | PA | 2002-06 | $1,401,882 |
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