Marvin And Annette Lee Foundation Inc in Bryan, 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
| Marvin And Annette Lee Foundation Inc | |
| Employer Identification Number (EIN) | 066034414 |
| Name of Organization | Marvin And Annette Lee Foundation Inc |
| Address | 3014 Gleneagles Ct, Bryan, TX 77802-2131 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1959 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,223,788 |
| Amount of Income | $838,914 |
| Form 990 Revenue Amount | $117,224 |
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 | $93,803 | $105,103 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $17,378 | |||
| Dividends and interest from securities | $37,987 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $38,438 | |||
| Total expenses and disbursements | $181,027 | $39,769 | $0 | $140,908 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $41,787 | $39,769 | $1,668 | |
| Contributions, gifts, grants paid | $139,240 | |||
| Excess of revenue over expenses and disbursements | $-87,224 | |||
| Net investment income | $65,334 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,232,561 | $2,382,889 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $384,803 | |
| Investments-corporate stock | $1,453,343 | |
| Investments-corporate bonds | $211,616 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $182,799 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $2,232,561 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $38,438 |
| 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 | $653 |
| Total credits and payments | $1,233 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $233 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $1,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $9 |
| Tax due | $0 |
| Overpayment | $571 |
| Amount to be credited to 2013 estimated tax | $571 |
| 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 | $2,481,154 |
| Net value of noncharitable-use assets | $2,443,940 |
| Minimum investment return | $122,197 |
| Distributable Amount (for 2012) | |
| Distributable amount | $121,544 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $121,544 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $93,913 |
| 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 Texas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Maui Marketplace Investment Group Inc A Delaware Corporation | 8750 N Central Expy Ste 800, Dallas, TX 75231-6424 | TX | 2001-01 | $8,551,947 |
| 2 | Marriage Matters Now Inc | 405 Village Way, Cross Roads, TX 76227 | TX | 2008-01 | $149,536 |
| 3 | Margaret Irene Taylor Nelson Family Foundation Inc | 1434 La Senda Pl, Dallas, TX 75208-2525 | TX | 2000-01 | $204,955 |
| 4 | Melorheostosis Association | 4032 Southwestern Blvd, Dallas, TX 75225-7035 | TX | 2003-09 | $40,863 |
| 5 | Steven H Durham Family Charitable Foundation | 5944 Luther Ln Ste 600, Dallas, TX 75225-5918 | TX | 2000-05 | $9,839,971 |
| 6 | Marshal Family Foundation | 2 Darby Gln, San Antonio, TX 78257-1223 | TX | 2003-03 | $71,424 |
| 7 | Mary L Peyton Foundation | 5809 Acacia Cir, El Paso, TX 79912-4859 | TX | 1953-03 | $805,821 |
| 8 | Melva Lea Ministries | 1269 Mission Dr, Rockwall, TX 75087-6643 | TX | 2002-04 | $71,020 |
| 9 | Lucky Glider Rescue & Sanctuary | 322 Bear Rd, Van Alstyne, TX 75495-3362 | TX | 2008-02 | $58,111 |
| 10 | Marine Corps Engineer Association | 807 Carriage Hills Bl, Conroe, TX 77384 | TX | 1992-04 | $42,962 |
| 11 | Marvin And Annette Lee Foundation Inc | 3014 Gleneagles Ct, Bryan, TX 77802-2131 | TX | 1959-10 | $838,914 |
| 12 | Memorial High School Endowment Inc | 6900 Preston Road Apt 3014, Plano, TX 75024 | TX | 2003-11 | $0 |
| 13 | Major Orchestra Librarians Association Inc | 14070 Proton Road Lb9, Dallas, TX 75244-3601 | TX | 1997-10 | $127,234 |
| 14 | Marion N Roaf Tr Ua 13802400 | BANK OF AMERICA NA PO BOX 831, Dallas, TX 75283-1041 | TX | 1999-03 | $988,962 |
| 15 | Mckenzie Faith Foundation | 9400 Stratus Dr, Dripping Springs, TX 78620 | TX | 2004-03 | $0 |
| 16 | Lovejoy Leopards Inc | 2350 Estates Pkwy, Lucas, TX 75002-8014 | TX | 2007-06 | $496,807 |
| 17 | Lovers Lane United Methodist Churchfoundation | 9200 Inwood Rd, Dallas, TX 75220-3901 | TX | 1980-09 | $3,161,160 |
| 18 | Loving Care Assisted Living Center | 2103 Heatherwood Dr, Missouri City, TX 77489-3277 | TX | 2000-08 | $1 |
| 19 | Loving Care Personal Care Home | 3910 North Fwy Bldg L, Houston, TX 77022-4302 | TX | 1995-12 | $924,163 |
| 20 | Loving Christian Care Home Inc | PO BOX 3694, Wichita Falls, TX 76301-0694 | TX | 1992-12 | $65,237 |
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