Bonomo Family Foundation Inc in Oak Hill, Virginia (VA)
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
- Organizations performing similar types of work
| Bonomo Family Foundation Inc | |
| Employer Identification Number (EIN) | 650743994 |
| Name of Organization | Bonomo Family Foundation Inc |
| In Care of Name | Tracey Bonomo Arnold |
| Address | 12709 Ox Meadow Dr, Oak Hill, VA 20171-1745 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $485,347 |
| Amount of Income | $202,723 |
| Form 990 Revenue Amount | $29,546 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2011: $202,723 (it was $-15,923 in 2010)
| This organization: | $202,723 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2011: $485,347 (it was $508,744 in 2010)
| This organization: | $485,347 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2011: $52,943
| Bonomo Family Foundation Inc: | $52,943 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2011: 3.8
| Bonomo Family Foundation Inc: | 3.8 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2011: 0.0%
| Bonomo Family Foundation Inc: | 0.0% |
| Other organizations performing similar types of work: | 8.9% |
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 | $29,546 | $29,546 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $8,924 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $20,622 | |||
| Total expenses and disbursements | $52,943 | $7,048 | $0 | $45,295 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $7,348 | $7,048 | $300 | |
| Contributions, gifts, grants paid | $45,595 | |||
| Excess of revenue over expenses and disbursements | $-23,397 | |||
| Net investment income | $22,498 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $485,347 | $498,773 |
| 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 | $397,589 | |
| Other | $87,758 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $485,347 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $20,622 |
| 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 | $225 |
| Total credits and payments | $705 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $705 |
| 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 | $0 |
| Overpayment | $480 |
| Amount to be credited to 2012 estimated tax | $480 |
| 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? | 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 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)? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $531,575 |
| Net value of noncharitable-use assets | $523,600 |
| Minimum investment return | $26,180 |
| Distributable Amount (for 2011) | |
| Distributable amount | $25,955 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $25,955 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Score Foundation | 1175 Herndon Pkwy Ste 900, Herndon, VA 20170-5532 | VA | 1996-07 | $2,835,592 |
| 2 | Violet H Greco Foundation Inc | PO BOX 5423, Suffolk, VA 23435-5423 | VA | 1997-12 | $2,109,666 |
| 3 | The William M King Charitable Foundation, King William M Ttee | 182 Spotswood Ln, Mcgaheysville, VA 22840-2807 | VA | 1995-04 | $1,022,937 |
| 4 | The William O And Carole P Bailey Family Foundation | PO BOX 397, Richmond, VA 23218-0397 | VA | 1998-06 | $958,314 |
| 5 | The Loudoun Education Foundation | 21000 Education Ct, Broadlands, VA 20148-5526 | VA | 1992-03 | $773,819 |
| 6 | The Nirman Foundation Inc | 600 N Pickett St, Alexandria, VA 22304-2110 | VA | 1995-04 | $684,205 |
| 7 | The John C Fricano Foundation Inc | 1601 S Arlington Ridge Rd, Arlington, VA 22202-1624 | VA | 1995-11 | $546,991 |
| 8 | Williams Family Foundation | 2789 Hartland Rd, Falls Church, VA 22043-3529 | VA | 1997-10 | $534,896 |
| 9 | The Stanbrook Foundation | 9030 Stony Point Pkwy Ste 300, Richmond, VA 23235-1936 | VA | 1996-05 | $335,752 |
| 10 | Rixey Street Foundation Inc | 6316 Georgetown Pike, Mclean, VA 22101-2208 | VA | 1997-05 | $311,645 |
| 11 | Vubay Foundation | 6160 Kempsville Cir Ste 101a, Norfolk, VA 23502-3933 | VA | 1997-05 | $291,784 |
| 12 | Williams-Berry Charitable Foundation Trust, Sheffey Jane L Ttee | PO BOX 1327, Bristol, VA 24203-1327 | VA | 1998-11 | $276,297 |
| 13 | Robert And Luise Patterson Family Foundation | PO BOX 397, Richmond, VA 23218-0397 | VA | 1998-02 | $250,523 |
| 14 | The@linda P And Edward P Williams Family Charitable Foundation | 6209 Loch Raven Dr, Mclean, VA 22101-3134 | VA | 1997-11 | $215,979 |
| 15 | Rettig Family Foundation, Rettig Robert G Ttee | 310 4th St Ne Ste 300, Charlottesvle, VA 22902-5299 | VA | 1998-08 | $180,509 |
| 16 | Wolf Run Foundation Inc | 7900 Wolf Run Hills Rd, Fairfax Sta, VA 22039-2101 | VA | 1997-05 | $155,437 |
| 17 | W M Jordan Company Charitable Foundation, Shelton Tom Ttee | 11010 Jefferson Ave, Newport News, VA 23601-2717 | VA | 1997-08 | $113,748 |
| 18 | The Culbertson Foundation | 4884 Nutmeg Farm, Charlottesvle, VA 22902-7822 | VA | 1998-07 | $80,228 |
| 19 | Watkins Family Charitable Foundation, Huss Philip A Ttee | 110 Wylderose Dr, Midlothian, VA 23113-6842 | VA | 1998-11 | $77,690 |
| 20 | Richard B And Barbara B Odlin Foundation | 5913 W Copper Mountain Dr, Spotsylvania, VA 22553-4480 | VA | 1997-02 | $74,604 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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