Clermont Charitable Trust in Millwood, 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
| Clermont Charitable Trust | |
| Employer Identification Number (EIN) | 770669374 |
| Name of Organization | Clermont Charitable Trust |
| In Care of Name | Robert Stieg |
| Address | PO BOX 32, Millwood, VA 22646-0032 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $4,044,789 |
| Amount of Income | $229,801 |
| Form 990 Revenue Amount | $0 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Operating Foundations |
Non-representatives - add comments:
Amount of income in 2010: $229,801 (it was $0 in 2011)
| Clermont Charitable Trust: | $229,801 |
| Other organizations performing similar types of work: | $45,945 |
Assets in 2010: $4,044,789 (it was $1 in 2011)
| Clermont Charitable Trust: | $4,044,789 |
| Other organizations performing similar types of work: | $120,180 |
Expenses in 2011: $4,025,101
| This organization: | $4,025,101 |
| Other organizations performing similar types of work: | $39,714 |
Income to expenses ratio in 2011: 0.1
| Clermont Charitable Trust: | 0.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: -,nan,(ind)%
| This organization: | -,nan,(ind)% |
| Other organizations performing similar types of work: | 2.2% |
| 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 | $0 | $0 | $0 | |
| Total expenses and disbursements | $4,025,101 | $0 | $0 | $4,025,101 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $4,025,101 | |||
| Excess of revenue over expenses and disbursements | $-4,025,101 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1 | $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 | $1 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $0 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $485 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $485 |
| 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 | $485 |
| Amount to be credited to 2012 estimated tax | $0 |
| 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? | Yes |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $4,025,101 | $350,743 | $257,431 | $306,305 | $4,939,580 |
| 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 | $122,365 | $108,271 | $53,526 | $284,162 |
| 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 | Reckitt Benckiser Pharmaceuticals Patient Help Foundation, Rbp Patient Help Foundation | 10710 Midlothian Tpke Ste 430, Richmond, VA 23235-4759 | VA | 2012-09 | $29,989,187 |
| 2 | Short Pump Ruritan-Civic Foundation Inc | PO BOX 2773, Glen Allen, VA 23058-2773 | VA | 2014-07 | $700,999 |
| 3 | Institute For Atmospheric Optics And Remote Sensing Inc, Taksha Institute | 15 Research Drive, Hampton, VA 23666 | VA | 1978-06 | $224,479 |
| 4 | Elmer L Towns Literary Trust Inc | PO BOX 2294, Forest, VA 24551-6294 | VA | 2012-07 | $107,705 |
| 5 | Starfish Charitable Foundation Tr, Higginson Thomas L Jr Ttee | PO BOX 477, The Plains, VA 20198-0477 | VA | 2004-03 | $58,587 |
| 6 | Virginia Hot Springs Preservation Trust Inc | PO BOX 889, Hot Springs, VA 24445-0889 | VA | 2008-01 | $49,200 |
| 7 | Rise Up Prince William | 14606 Washington St, Haymarket, VA 20169-4980 | VA | 2014-06 | $16,276 |
| 8 | Ikona Foundation | Local, Linden, VA 22642 | VA | 2010-04 | $950 |
| 9 | The Dorothy Andrews Phillips And Edward E Phillips Sr Foundation | 3827 Old Gun Rd W, Midlothian, VA 23113-2020 | VA | 2002-05 | $28 |
| 10 | Bosco Della Ragnaia Foundation | PO BOX 397, Richmond, VA 23218-0397 | VA | 2014-05 | $1 |
| 11 | Paul Davis Cares | 8773 Virginia Meadows Dr, Manassas, VA 20109-7826 | VA | 2013-08 | $1 |
| 12 | Aftercare Clubhouse Inc | PO BOX 563, Sterling, VA 20167-0563 | VA | 2011-11 | $0 |
| 13 | Beyond Sports Network Foundation Inc | 19557 Quinton Oaks Ln, Leesburg, VA 20175-7203 | VA | 2015-04 | $0 |
| 14 | Celebrate Life Foundation | 3735 Franklin Rd Sw Ste 161, Roanoke, VA 24014-2260 | VA | 2014-08 | $0 |
| 15 | Holtzman Family Foundation | 11144 Opaca Ln, Glen Allen, VA 23059-5619 | VA | 2007-11 | $0 |
| 16 | Murrays Run Garden Park | 2917 Penn Forest Blvd, Roanoke, VA 24018-4374 | VA | 2014-12 | $0 |
| 17 | Revelation 21 Unlimited | 7093 Covebrook Ln, Mechanicsvlle, VA 23116-4833 | VA | 2014-02 | $0 |
| 18 | Schoolhouse Heritage Foundation | 13234 Memory Ln, Fairfax, VA 22033-3505 | VA | 2013-09 | $0 |
| 19 | St Mary Protectress Center | PO BOX 679, Fincastle, VA 24090-0679 | VA | 2014-08 | $0 |
| 20 | Will Rogers Writers Foundation | 2235 Novum Rd, Reva, VA 22735-3936 | VA | 2014-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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