Sharon Lee Macdonald Charitable Trust in Houston, 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
| Sharon Lee Macdonald Charitable Trust | |
| Employer Identification Number (EIN) | 746203857 |
| Name of Organization | Sharon Lee Macdonald Charitable Trust |
| In Care of Name | Compass Bank |
| Address | PO BOX 4886, Houston, TX 77210-4886 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1974 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| 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 | $1,773,929 |
| Amount of Income | $521,350 |
| Form 990 Revenue Amount | $213,628 |
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 | $171,135 | $171,132 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2,806 | |||
| Dividends and interest from securities | $34,254 | |||
| Gross rents | $84,408 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $48,204 | |||
| Other | $1,463 | |||
| Total expenses and disbursements | $235,822 | $21,487 | $0 | $167,000 |
| Compensation of officers, directors, trustees, etc. | $27,731 | |||
| Total operating and administrative expenses | $68,822 | $21,487 | $0 | |
| Contributions, gifts, grants paid | $167,000 | |||
| Excess of revenue over expenses and disbursements | $-64,687 | |||
| Net investment income | $149,645 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,773,929 | $2,118,969 |
| Cash - non-interest-bearing | $2,139 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,558,127 | |
| Other | $213,663 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,773,929 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,463 |
| 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 | $1,496 |
| Total credits and payments | $987 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $987 |
| 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 | $8 |
| Tax due | $517 |
| 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 | $2,114,393 |
| Net value of noncharitable-use assets | $2,082,680 |
| Minimum investment return | $104,134 |
| Distributable Amount (for 2012) | |
| Distributable amount | $102,638 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $102,638 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $3,171 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
Abundant Grace Praise & Worship Church in Houston, TX
  |
|
Mount Sinai Grand Lodge Community Foundation in Houston, TX
|
|
Allegro Organizational Solutions Inc in Houston, TX
|
|
Looking To New Horizons in Houston, TX
|
|
Iraqi Community Of Houston in Houston, TX
|
Helping Hands Charity in Houston, TX
 |
|
Ezekiel Ez Care Home Inc in Houston, TX
|
|
Texas Garden Clubs Inc, Lakewood Forest Garden Club in Houston, TX
|
| The Nigerian Foundation in Houston, TX |
|
Tex Us Too Inc in Houston, TX
|
| Other organizations in Texas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Shared Resources Credit Union | PO BOX 888, Pasadena, TX 77501-0888 | TX | 1976-06 | $1,312,627 |
| 2 | Sharing Hands A Respite Experience Inc, Share | 3500 N A St Ste 2200, Midland, TX 79705-3612 | TX | 2009-02 | $495,260 |
| 3 | Sharing Hope Ministry Inc | PO BOX 7160, Amarillo, TX 79114-7160 | TX | 2002-03 | $674,378 |
| 4 | Sharing Is Caring | PO BOX 303, Canadian, TX 79014-0303 | TX | 1991-05 | $191,355 |
| 5 | Sharing Life Community Outreach Inc | 3544 E Emporium Cir, Mesquite, TX 75150-6524 | TX | 2000-08 | $2,575,349 |
| 6 | Cedar Hill Shares Inc | PO BOX 2694, Cedar Hill, TX 75106-2694 | TX | 1996-06 | $884,430 |
| 7 | Sharing The Word Of The Cross, Abraham Mannil | 258 Penuel Dr, Coppell, TX 75019-5118 | TX | 2006-11 | $21,394 |
| 8 | Sharkarosa Ranch | PO BOX 1258, Pilot Point, TX 76258-1258 | TX | 2005-07 | $462,716 |
| 9 | Sharkathon | 14493 S Padre Is Dr, Corpus Christi, TX 78418-5931 | TX | 2011-01 | $145,010 |
| 10 | Sharma Foundation | PO BOX 802090, Dallas, TX 75380-2090 | TX | 2001-05 | $5,999,875 |
| 11 | Sharon Lee Macdonald Charitable Trust | PO BOX 4886, Houston, TX 77210-4886 | TX | 1974-03 | $521,350 |
| 12 | Sharon Studer Inc, A Childs Day | 943 Evans St, Uvalde, TX 78801-6049 | TX | 1984-03 | $308,633 |
| 13 | Sharon Water Supply Corporation | 6175 N State Highway 37, Winnsboro, TX 75494-6492 | TX | 1985-06 | $1,542,135 |
| 14 | Sharpstown Civic Association Inc | 7211 Regency Square Blvd Ste 117, Houston, TX 77036-3137 | TX | 1958-12 | $268,431 |
| 15 | Sharyland Water Supply Corporation | PO BOX 1868, Mission, TX 78573-0031 | TX | 1970-05 | $9,700,791 |
| 16 | Shea Family Foundation | 3106 Dublin Rd, Parker, TX 75002-6571 | TX | 2009-02 | $285,102 |
| 17 | Shearn Moody Plaza Corporation | 123 Rosenberg St, Galveston, TX 77550-1494 | TX | 1982-07 | $2,389,327 |
| 18 | Sheedy Foundation | 6003 Pine Forest Rd, Houston, TX 77057-1431 | TX | 1998-08 | $7,768 |
| 19 | Sheet Metal Workers International Association, 337 Smw | 200 N John Ave, Tyler, TX 75702-6311 | TX | 1940-10 | $218,733 |
| 20 | Sheet Metal Workers International Association, 54 Smw | PO BOX 920636, Houston, TX 77292-0636 | TX | 1940-10 | $2,632,136 |
Organization representatives - add corrected or new information about Sharon Lee Macdonald Charitable Trust »
Non-representatives - add comments about Sharon Lee Macdonald Charitable Trust»