Tapeats Fund in Wilmington, Delaware (DE)

Tapeats Fund
Employer Identification Number (EIN)	760412011
Name of Organization	Tapeats Fund
In Care of Name	C/O Foundation Source
Address	501 Silverside Rd, Wilmington, DE 19809-1374
Activities	Gifts, grants, or loans to other organizations
Subsection	Charitable Organization
Ruling Date	10/1993
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$10,000,000 to $49,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$12,742,613
Amount of Income	$3,929,992
Form 990 Revenue Amount	$1,140,111

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$1,507,429	$744,635	$0
Contributions, gifts, grants, etc., received	$750,000
Interest on savings and temporary cash investments	$1,035
Dividends and interest from securities	$189,707
Gross rents	$0
Gross sales price for all assets	$2,883,805
Gross profit from sales of goods	$0
Other income	$105,445
Other	$461,242
Total expenses and disbursements	$827,026	$99,842	$0	$715,341
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$0
Interest	$0
Depreciation	$0
Occupancy	$20,057
Travel, conferences, and meetings	$7,230
Printing and publications	$0
Total operating and administrative expenses	$223,865	$99,842		$112,180
Contributions, gifts, grants paid	$603,161
Excess of revenue over expenses and disbursements	$680,403
Net investment income		$644,793
Adjusted net income			$0

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$12,262,087	$12,916,194	$12,062,210	$13,309,166	$12,742,613	$15,394,841
Cash - non-interest-bearing	$0		$0		$0
Investments-U.S. and state government obligations	$1,162,533		$955,428		$697,103
Investments-corporate stock	$3,586,425		$3,978,853		$4,450,067
Investments-corporate bonds	$2,454,531		$1,753,745		$1,266,841
Investments-mortgage loans	$0		$0		$0
Investments-other	$4,001,468		$4,228,715		$5,414,160
Other assets			$0		$0
Total liabilities	$0		$1		$1
Mortgages and other notes payable	$0		$0		$0
Other liabilities			$0		$0
Total liabilities and net assets/fund balances	$12,262,087		$12,062,210		$12,742,613

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$783,230	$335,095	$461,242
Net capital loss	$0	$0	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$21,068	$11,050	$12,896
Total credits and payments	$20,543	$11,400	$13,867
Current year estimated tax payments and previous year's overpayment credited to current year	$8,000	$11,400	$12,050
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$12,543	$0	$1,817
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$1
Tax due		$0	$0
Overpayment		$350	$970
Amount to be credited to next year's estimated tax	$0	$350	$970

	2011	2012	2013
Statements Regarding Activities
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	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	Yes
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	Yes	Yes	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	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	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	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	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	No	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	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$13,416,689	$13,515,024	$15,320,947
Net value of noncharitable-use assets		$13,312,299	$15,091,133
Minimum investment return	$660,772	$665,615	$754,557

	2011	2012	2013
Distributable Amount
Distributable amount	$639,704	$654,565	$741,661

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$639,704	$654,565	$741,661
Undistributed income for this year. This amount must be distributed in the next year	$321,472	$248,137	$274,457

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
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

Supplementary Information (for 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$1,035	$0
Dividends and interest from securities	$189,707	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review

Would you recommend Tapeats Fund to others? (optional)

Yes

Add photo of Tapeats Fund (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (13.59.1.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
How I Decide Foundation in Wilmington, DE
No Limit Athletics Inc in Wilmington, DE
Female Benevolent Society Of Wilmington In The State Of De in Wilmington, DE
Gateway House Inc in Wilmington, DE
Stehm Inc in Wilmington, DE
Jerry And Terri Kohl Familyfoundation in Wilmington, DE
Abide Foundation in Wilmington, DE
Claymore Senior Center Inc in Wilmington, DE
New Covenant Christian Church, Eglise Chretienne De La Nouvelle Al in Bear, DE
Mot Future Stars Inc in Townsend, DE

Recently Added Reviews

How I Decide Foundation in Wilmington, DE

No Limit Athletics Inc in Wilmington, DE

Female Benevolent Society Of Wilmington In The State Of De in Wilmington, DE

Gateway House Inc in Wilmington, DE

Stehm Inc in Wilmington, DE

Jerry And Terri Kohl Familyfoundation in Wilmington, DE

Abide Foundation in Wilmington, DE

Claymore Senior Center Inc in Wilmington, DE

New Covenant Christian Church, Eglise Chretienne De La Nouvelle Al in Bear, DE

Mot Future Stars Inc in Townsend, DE

Id	Name	Address	State	Established	Total Income
Other organizations in Delaware
1	The Thornhill Family Foundation	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2010-04	$6,974,949
2	The Timothy And Susanne Sullivan Family Foundation	501 Silverside Rd Ste 123, Wilmington, DE 19809-1377	DE	2006-10	$563,729
3	The George P Swift Jr Family	200 Bellevue Pkwy Ste 150, Wilmington, DE 19809-3725	DE	1999-03	$3,221,035
4	Stanley F Herman Charitable Tr Fbo Vicksburg Foundation Ua 5-15-85	1100 N Market De3-C070, Wilmington, DE 19890-1100	DE	1991-02	$96,894
5	Spokane Business & Industrial Funding Company Inc	500 Stanton Christiana Rd, Newark, DE 19713-2105	DE		$5,579,632
6	Stanley Bagnasco Foundation	200 Bellevue Pkwy Ste 220, Wilmington, DE 19809-3727	DE	2006-06	$1,261,348
7	The Alicia F Maharty Private Foundation	200 Bellevue Pkwy Ste 220, Wilmington, DE 19809-3727	DE	2003-09	$601,753
8	The Berlin Family Foundation Inc	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2002-02	$12,206,913
9	The Fullgraf Foundation, Fullgraf Charles M Ttee	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2002-03	$3,115,304
10	Susquehanna Gun Club	2208 W 3rd St, Wilmington, DE 19805	DE	1996-08	$0
11	Tapeats Fund	501 Silverside Rd, Wilmington, DE 19809-1374	DE	1993-10	$3,929,992
12	The University Of Delaware Figure Skating Club	Fred Rust Arena S College Ave, Newark, DE 19716	DE	2014-07	$109,676
13	The Wilke Family Foundation	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2008-08	$9,574,048
14	The Wjk Charitable Foundation Inc	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2006-10	$8
15	The Yablon Family Foundation Inc	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2007-07	$1,230,381
16	The@clark Family Private Foundation Incorporated	501 Silverside Rd, Wilmington, DE 19809-1374	DE	2004-01	$3,232,545
17	The@condit Trust	1 Walkers Mill Rd, Wilmington, DE 19807-2134	DE	2000-08	$119,795
18	The@dalhfa Foundation	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2007-01	$87,782
19	The@gene And Taffin A Ray Family Foundation	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2006-01	$14,278
20	The@jai N Gupta Family Foundation Inc	Foundation Source 501 Silverside Rd, Wilmington, DE 19809	DE	2005-03	$1

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Tapeats Fund and has no official or unofficial affiliation with Tapeats Fund