The Foster Foundation Inc in Newtown, 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
| The Foster Foundation Inc | |
| Employer Identification Number (EIN) | 232807767 |
| Name of Organization | The Foster Foundation Inc |
| In Care of Name | Richard Foster Ttee |
| Address | PO BOX 759, Newtown, PA 18940-0759 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 11/2012 |
| Assets | $1 to $9,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,684 |
| Amount of Income | $19,290 |
| Form 990 Revenue Amount | $27,500 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $19,290 (it was $27,500 in 2011)
| This organization: | $19,290 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2012: $1,684 (it was $256 in 2011)
| The Foster Foundation Inc: | $1,684 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $17,862
| This organization: | $17,862 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 1.1
| The Foster Foundation Inc: | 1.1 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 100.0%
| The Foster Foundation Inc: | 100.0% |
| Other organizations performing similar types of work: | 0.0% |
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 | $19,290 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $19,290 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $17,862 | $0 | $1,824 | $16,038 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,824 | $0 | $0 | |
| Contributions, gifts, grants paid | $16,038 | |||
| Excess of revenue over expenses and disbursements | $1,428 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,684 | $1,684 |
| Cash - non-interest-bearing | $1,684 | |
| 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 | $1,684 | |
| 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 | $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 | $1,288 |
| Net value of noncharitable-use assets | $1,260 |
| Minimum investment return | $63 |
| Distributable Amount (for 2012) | |
| Distributable amount | $63 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $63 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Julian A And Lois G Brodsky Foundation | 1701 John F Kennedy Blvd 52nd Fl, Philadelphia, PA 19103-2838 | PA | 1995-01 | $5,349,508 |
| 2 | Sutphin Family Foundation | Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | 1995-06 | $5,170,596 |
| 3 | Quaker City, Ttee 42044 0 | 1701 Horseshoe Trl, Chester Sprgs, PA 19425-1814 | PA | 1997-11 | $4,728,713 |
| 4 | The Aileen K And Brian L Roberts Foundation, Roberts Brian L Ttee | 1701 John F Kennedy Blvd, Philadelphia, PA 19103-2838 | PA | 1995-03 | $3,622,412 |
| 5 | Theodore Brickman Tr 122794 Fbo Brickman Foundation H-034 | 165 Township Line Rd Ste 3000, Jenkintown, PA 19046-3543 | PA | 1995-03 | $2,769,715 |
| 6 | The Bruno & Lena Degol Family Foundation | 3229 Pleasant Valley Blvd, Altoona, PA 16602-4435 | PA | 1995-01 | $1,885,026 |
| 7 | The Edwin Hall 2nd Charitable Trust | 1800 J F Kennedy Blvd Ste 1812, Philadelphia, PA 19103-7434 | PA | 1997-10 | $1,479,899 |
| 8 | Ruth Willox Fund 4 | C/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | 1995-01 | $1,112,085 |
| 9 | Wenger Foundation Inc | PO BOX 409, Imyerstown, PA 17067-0409 | PA | 1996-06 | $832,084 |
| 10 | Ruby R Vale Foundation Ii, Robert A Vale | 1600 Market St-Tax Dep, Philadelphia, PA 19103-7240 | PA | 1996-05 | $697,546 |
| 11 | W B Mccardell Family Foundation | 165 Township Line Rd Ste 3000, Jenkintown, PA 19046-3543 | PA | 1995-02 | $676,199 |
| 12 | William M & Cora Mae Davidson Memorial Fund | Pnc Bank Na 620 Liberty Avenue 10, Pittsburgh, PA 15222 | PA | 1997-07 | $555,181 |
| 13 | Wilmer R And Evelyn M Schultz Family Foundation | 1540 Chestnut St, Emmaus, PA 18049-1914 | PA | 1998-03 | $525,618 |
| 14 | The@bertha & Harry Bailen Endowment Fund | PO BOX 609, Pittsburgh, PA 15230-0609 | PA | 1998-07 | $481,386 |
| 15 | The Norbell Foundation | 20 Stanwix St Ste 650, Pittsburgh, PA 15222-4803 | PA | 1995-08 | $420,522 |
| 16 | Richard A Zappala Family Foundation, Hardiman Lori Z Ttee | Three Gateway Center No 200, Pittsburgh, PA 15222 | PA | 1997-03 | $399,294 |
| 17 | The Campbell-Oxholm Foundation | 622 S Bowman Ave, Merion Sta, PA 19066-1421 | PA | 1995-03 | $385,037 |
| 18 | The Arthur And Millicent Gabriel Family Charitable Trust, Gabriel Arthur Sr Et Al Ttee | 132 Heritage Hills Rd, Uniontown, PA 15401-5642 | PA | 1997-06 | $263,510 |
| 19 | The Lesaius Memorial Fund For Muhlenberg College | Pnc Bank Na 620 Liberty Avenue 10, Pittsburgh, PA 15222 | PA | 1995-03 | $238,485 |
| 20 | Twila Sampson Family Foundation | 2500 Eldo Rd Ste 1, Monroeville, PA 15146-1456 | PA | 1997-03 | $210,611 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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