M W Armistead Iii Family Foundation, Trust Company Of Virginia in Roanoke, 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
| M W Armistead Iii Family Foundation, Trust Company Of Virginia | |
| Employer Identification Number (EIN) | 030435755 |
| Name of Organization | M W Armistead Iii Family Foundation |
| Secondary Name | Trust Company Of Virginia |
| In Care of Name | The Trust Company Of Virginia |
| Address | 204 S Jefferson St Ste 200, Roanoke, VA 24011-1708 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,002,921 |
| Amount of Income | $490,746 |
| Form 990 Revenue Amount | $34,359 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $490,746 (it was $567,016 in 2012)
| This organization: | $490,746 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $2,002,921 (it was $2,040,134 in 2012)
| M W Armistead Iii Family Foundation, Trust Company Of Virginia: | $2,002,921 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $145,602
| M W Armistead Iii Family Foundation, Trust Company Of Virginia: | $145,602 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 3.4
| M W Armistead Iii Family Foundation, Trust Company Of Virginia: | 3.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 22.8% |
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 | $86,959 | $86,959 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $202 | |||
| Dividends and interest from securities | $71,897 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $14,860 | |||
| Total expenses and disbursements | $145,602 | $22,017 | $0 | $119,543 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $26,059 | $22,017 | $0 | |
| Contributions, gifts, grants paid | $119,543 | |||
| Excess of revenue over expenses and disbursements | $-58,643 | |||
| Net investment income | $64,942 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,040,134 | $2,385,769 |
| 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 | $1,904,899 | |
| Other | $135,235 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,040,134 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $14,860 |
| 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 | $1,299 |
| Total credits and payments | $2,842 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,042 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $1,800 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,543 |
| Amount to be credited to 2013 estimated tax | $1,543 |
| 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 | $2,405,173 |
| Net value of noncharitable-use assets | $2,369,100 |
| Minimum investment return | $118,455 |
| Distributable Amount (for 2012) | |
| Distributable amount | $117,156 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $117,156 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $22,156 |
| 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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Suntrust Foundation | 919 E Main St Fl 13, Richmond, VA 23219-4622 | VA | 1974-01 | $119,207,230 |
| 2 | The Richard And Leslie Gilliam Foundation | 650 Peter Jefferson Pkwy Ste 230, Charlottesville, VA 22911-8845 | VA | 2006-06 | $38,062,647 |
| 3 | Wise Foundation | PO BOX 557, Marshall, VA 20116-0557 | VA | 1999-08 | $11,791,992 |
| 4 | Scheidel Foundation, Scheidel Herbert W Ttee Et Al | 1220 N Fillmore St Ste 400, Arlington, VA 22201-6501 | VA | 1999-12 | $8,595,635 |
| 5 | Culp Family Foundation | 8405 Greensboro Dr 7th Fl, Mclean, VA 22102-5104 | VA | 2013-01 | $8,025,033 |
| 6 | Neall Family Charitable Foundation, Macdonald Rhonda J Ttee | 2071 Chain Bridge Rd Ste 320, Vienna, VA 22182-2622 | VA | 2014-02 | $6,023,457 |
| 7 | Joan And Morgan Massey Foundation | 5002 Monument Ave, Richmond, VA 23230-3634 | VA | 2015-03 | $5,998,266 |
| 8 | Reinsch Pierce Family Foundation Inc | 2040 Columbia Pike, Arlington, VA 22204-6236 | VA | 2004-02 | $5,079,571 |
| 9 | Virginia Institute Of Autism Incorporated | 1414 Westwood Rd, Charlottesvle, VA 22903-5149 | VA | 2001-03 | $4,860,563 |
| 10 | Lilyhawk Foundation | 999 Waterside Dr, Norfolk, VA 23510-3300 | VA | 2013-02 | $4,661,070 |
| 11 | Sportsquest Foundation | 1001 Boulders Pkwy Ste 300, Richmond, VA 23225-5512 | VA | 2007-12 | $4,568,795 |
| 12 | The Mcgue Millhiser Family Trust | PO BOX 1535, Richmond, VA 23218-1535 | VA | 2004-04 | $4,404,355 |
| 13 | Notzing Foundation | 258 E High St, Charlottesvle, VA 22902-5178 | VA | 2012-09 | $4,131,745 |
| 14 | Fagus Foundation | PO BOX 1395, Middleburg, VA 20118-1395 | VA | 2008-03 | $3,806,726 |
| 15 | Volgenau Charitable Foundation | 8300 Greensboro Dr Ste 1025, Mclean, VA 22102-3605 | VA | 2011-07 | $3,805,012 |
| 16 | Constitution Foundation, Saylor Michael J Ttee | 1861 International Dr, Mclean, VA 22102-4409 | VA | 1999-07 | $3,376,036 |
| 17 | Vicky Collins Charitiable Foundation Inc | C/O David Sher 3800 N Fairfax Drive, Arlington, VA 22203 | VA | 2005-02 | $3,217,788 |
| 18 | Vinoskey Family Foundation | 13150 E Lynchburg-Salem Turnpike, Forest, VA 24551-4328 | VA | 2008-02 | $2,740,300 |
| 19 | Sellier Family Foundation | 3 Clarks Branch Rd, Great Falls, VA 22066-4157 | VA | 2012-02 | $2,610,366 |
| 20 | Warfield Foundation Inc | 101 W Main Street, Norfolk, VA 23510-1646 | VA | 2008-02 | $2,371,045 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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