The Betty K Wolfe Foundation, Wolfe Betty K Ttee in Bonita Spgs, Florida (FL)
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 Florida
| The Betty K Wolfe Foundation, Wolfe Betty K Ttee | |
| Employer Identification Number (EIN) | 756423068 |
| Name of Organization | The Betty K Wolfe Foundation |
| Secondary Name | Wolfe Betty K Ttee |
| In Care of Name | Betty K Wolfe Trustee |
| Address | 24600 S Tamiami Trl Ste 212 Pmb 122, Bonita Spgs, FL 34134-7023 |
| Activities | Gifts or grants to individuals (other than scholarships) |
| Subsection | Charitable Organization |
| Ruling Date | 07/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation exempt from paying excise taxes on investment income |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $79,221 |
| Amount of Income | $1,353,159 |
| Form 990 Revenue Amount | $3,144 |
Non-representatives - add comments:
Revenue for 2012
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 | $1,303,409 | $1,621 | $0 | |
| Contributions, gifts, grants, etc., received | $1,300,000 | |||
| Interest on savings and temporary cash investments | $1,621 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1,788 | |||
| Total expenses and disbursements | $1,562,317 | $0 | $0 | $1,550,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $12,317 | $0 | $0 | |
| Contributions, gifts, grants paid | $1,550,000 | |||
| Excess of revenue over expenses and disbursements | $-258,908 | |||
| Net investment income | $1,621 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $79,221 | $0 |
| 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 | $0 | |
| Other | $79,221 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $79,221 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,788 |
| 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? | Yes |
| 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? | Yes |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $1,550,000 | $0 | $2,000 | $595,755 | $2,147,755 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| 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 Florida | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Strong Family Foundation | 701 Brickell Ave Ste 1620, Miami, FL 33131-3119 | FL | 2011-03 | $211,986 |
| 2 | Sunrise Foundation | 2311 West Gulf Drive, Sanibel, FL 33957-6034 | FL | 1999-03 | $280,509 |
| 3 | The D & P Bayly Family Foundation Inc | PO BOX 226, Boca Grande, FL 33921-0226 | FL | 1998-10 | $16,370 |
| 4 | The James E And Elizabeth B Hughes Family Foundation | 4100 Corporate Square, Naples, FL 34104-4714 | FL | 2000-03 | $11,405 |
| 5 | The Mandel Foundation | 4420 Exeter Dr Ste L-103, Longboat Key, FL 34228-2219 | FL | 1988-04 | $15,429 |
| 6 | The Mark Edward Freitas Foundation Inc | 201 El Vedado Rd, Palm Beach, FL 33480-4733 | FL | 2006-07 | $301,625 |
| 7 | The Tcherepnin Society Inc | 20283 State Road 7 Ste 400, Boca Raton, FL 33498-6904 | FL | 1981-05 | $4,230 |
| 8 | Sungard Public Sector Users Group Association Inc, Western Sungard Public Sector User's Group Association Inc | Po Box 550445, Tampa, FL 33655-0455 | FL | 2004-12 | $0 |
| 9 | Stephen Tulloch Foundation | 6775 Sw 101st St, Pinecrest, FL 33156-3241 | FL | 2010-08 | $86,600 |
| 10 | The Howard And June F Entman Charitable Trust | 144 Augustine Island Way, St Augustine, FL 32095-6851 | FL | 1990-12 | $24 |
| 11 | The Betty K Wolfe Foundation, Wolfe Betty K Ttee | 24600 S Tamiami Trl Ste 212 Pmb 122, Bonita Spgs, FL 34134-7023 | FL | 1992-07 | $1,353,159 |
| 12 | The Lacy And Mattie Meador Family Academic Scholarship Trust | PO BOX 40200, Jacksonville, FL 32203-0200 | FL | 1997-10 | $258,950 |
| 13 | Sylvia C & I Robert Schlanger Charitable Foundation, Glasser G K & D Carmel Ttees | 200 East Broward Boulevard, Ft Lauderdale, FL 33301-1963 | FL | 1996-06 | $133,956 |
| 14 | Techstar Foundation Inc | 5156 Vistamere Ct, Orlando, FL 32819-3222 | FL | 2004-05 | $14,176 |
| 15 | Twelve Gifts Of Birth Foundation Inc | 2118 Tall Oak Dr, Winter Garden, FL 34787-5442 | FL | 2001-07 | $358 |
| 16 | Tibetan Terrier Health And Welfare Foundation | PO BOX 26188, Ft Lauderdale, FL 33320-6188 | FL | 2007-05 | $42,774 |
| 17 | The@robert C Graff Charitable Foundation Inc | 102 Moorings Park Drive E-203, Naples, FL 34105-2151 | FL | 1999-11 | $14,477 |
| 18 | The@david Minkin Foundation | 7 Via Los Incas, Palm Beach, FL 33480-3629 | FL | 2008-05 | $5,606,078 |
| 19 | Uspc Newco Inc, Sunshine Region Pony Club | 725 Duparc Circle, Tallahassee, FL 32312 | FL | 2002-09 | $45,769 |
| 20 | The United Way Of Okaloosa Walton Counties Inc | 112 Tupelo Ave Se, Ft Walton Bch, FL 32548-5555 | FL | 1960-12 | $1,223,385 |
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