Mae V Albright Charitable Trust in Austin, Texas (TX)
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 Texas
| Mae V Albright Charitable Trust | |
| Employer Identification Number (EIN) | 746351908 |
| Name of Organization | Mae V Albright Charitable Trust |
| In Care of Name | Wells Fargo Bank Na |
| Address | PO BOX 41629, Austin, TX 78704-0028 |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2011 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $132,059 |
| Amount of Income | $41,841 |
| Form 990 Revenue Amount | $5,267 |
Non-representatives - add comments:
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 | $5,267 | $5,198 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $3,543 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1,724 | |||
| Total expenses and disbursements | $9,435 | $2,310 | $0 | $6,996 |
| Compensation of officers, directors, trustees, etc. | $3,000 | |||
| Total operating and administrative expenses | $4,242 | $2,310 | $1,803 | |
| Contributions, gifts, grants paid | $5,193 | |||
| Excess of revenue over expenses and disbursements | $-4,168 | |||
| Net investment income | $2,888 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $132,059 | $139,249 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $124,519 | |
| Other | $7,540 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $132,059 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $1,724 |
| 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 | $58 |
| Total credits and payments | $107 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $77 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $30 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $49 |
| Amount to be credited to 2012 estimated tax | $49 |
| 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)? | Yes |
| 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 | $150,452 |
| Net value of noncharitable-use assets | $148,200 |
| Minimum investment return | $7,410 |
| Distributable Amount (for 2011) | |
| Distributable amount | $7,352 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $7,352 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $5,549 |
| 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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| Other organizations in Texas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Madison County Economic Development Corporation | 113 W Trinity Street, Madisonville, TX 77864 | TX | 1999-03 | $234,541 |
| 2 | Madison County Fair Association | PO BOX 1151, Madisonville, TX 77864-1151 | TX | 1988-05 | $603,521 |
| 3 | Madison County Farm Bureau | 402 W Main St, Madisonville, TX 77864-1911 | TX | 1971-06 | $127,874 |
| 4 | Madison County Mushroom Festival Inc, Texas Mushroom Festival | PO BOX 695, Madisonville, TX 77864-0695 | TX | 2007-07 | $97,925 |
| 5 | Madison County Recreational Association Inc | PO BOX 460, Madisonville, TX 77864 | TX | 1991-04 | $0 |
| 6 | Madison Lane & Rugby Road Charitable Tr, Stone Thacher A Et Al Ttee | 5838 Balcones Dr, Austin, TX 78731-4206 | TX | 1997-04 | $94,621 |
| 7 | Madison Maverick Atheletic Booster Club | 5005 Stahl Rd, San Antonio, TX 78247-1710 | TX | 1992-03 | $41,955 |
| 8 | Madlin Stevenson Foundation, Stevenson Keith Thomas Et Al Ttee | 5404 Sugar Hill Dr, Houston, TX 77056-2030 | TX | 2001-02 | $16 |
| 9 | Madonna Neighborhood Centers | 1906 Castroville Rd, San Antonio, TX 78237-3626 | TX | 1946-03 | $426,211 |
| 10 | Madrones Subdivision Homeowners Association Inc | 12400 State Hwy 71 West 350 Pmb 140, Austin, TX 78738 | TX | 2000-10 | $9,023 |
| 11 | Mae V Albright Charitable Trust | PO BOX 41629, Austin, TX 78704-0028 | TX | $41,841 | |
| 12 | Mag Foundation | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1957-02 | $526,298 |
| 13 | Magda Hermida Ministries Inc | 16122 Wemyss Bay Rd, Houston, TX 77095-4902 | TX | 2005-03 | $46,604 |
| 14 | Maggies House | 1302 Redwood Cir, Dallas, TX 75218-3654 | TX | 1987-11 | $842,051 |
| 15 | Magellan School | 7938 Great Northern Blvd, Austin, TX 78757-8035 | TX | 2009-07 | $5,906,049 |
| 16 | Magi Ministries International | 4845 Bellflower Way, Fort Worth, TX 76123 | TX | 2004-02 | $5,270 |
| 17 | Magic Valley Electric Cooperative Inc | PO BOX 267, Mercedes, TX 78570-0267 | TX | 1939-07 | $201,943,832 |
| 18 | Magik Children Theatre Inc The Magik Theatre, The Magic Theatre | 420 S Alamo St, San Antonio, TX 78205-3202 | TX | 1995-10 | $1,785,163 |
| 19 | Magnet Schools Of Texas Inc | 1653 Victory Ave, Wichita Falls, TX 76301-6154 | TX | 1994-10 | $1 |
| 20 | Magnificat Grapevine Chapter Of The Diocese Of Fort Worth | 425 Misty Lane, Lewisville, TX 75067 | TX | 1946-03 | $0 |
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