Mayor Gayden W Morrill Charitable Foundation, Gayden W Morrill Ttee in Mclean, 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
- Other organizations in Virginia
| Mayor Gayden W Morrill Charitable Foundation, Gayden W Morrill Ttee | |
| Employer Identification Number (EIN) | 043049521 |
| Name of Organization | Mayor Gayden W Morrill Charitable Foundation |
| Secondary Name | Gayden W Morrill Ttee |
| Address | 1010 Shipman Ln, Mclean, VA 22101-2135 |
| Subsection | Charitable Organization |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,233,562 |
| Amount of Income | $169,905 |
| Form 990 Revenue Amount | $108,048 |
Non-representatives - add comments:
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 | $117,637 | $96,770 | $96,796 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $96,796 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $20,841 | |||
| Total expenses and disbursements | $80,162 | $7,532 | $7,532 | $75,875 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $7,532 | $7,532 | $3,245 | |
| Contributions, gifts, grants paid | $72,630 | |||
| Excess of revenue over expenses and disbursements | $37,475 | |||
| Net investment income | $89,238 | |||
| Adjusted net income | $89,264 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,300,506 | $4,300,506 |
| Cash - non-interest-bearing | $306,541 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $3,993,965 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $7,410 | |
| Mortgages and other notes payable | $0 | |
| Other | $7,410 | |
| Total liabilities and net assets/fund balances | $4,293,096 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $20,841 |
| 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 | $1,785 |
| Total credits and payments | $2,057 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,057 |
| 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 |
| Tax due | $0 |
| Overpayment | $272 |
| Amount to be credited to 2013 estimated tax | $272 |
| 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? | 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 | $4,107,751 |
| Net value of noncharitable-use assets | $4,046,140 |
| Minimum investment return | $202,307 |
| 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 | $89,264 | $102,827 | $76,740 | $85,066 | $353,897 |
| Qualifying distributions made directly for active conduct of exempt activities | $75,875 | $87,816 | $88,568 | $123,583 | $375,842 |
| 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 | $134,871 | $128,543 | $114,153 | $56,711 | $434,278 |
| 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 Virginia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Maximum All-Star Xplosion Cheer Inc | 4032 Providence Rd, Hayes, VA 23072-2703 | VA | 2008-05 | $81,017 |
| 2 | Maximus Foundation | 1891 Metro Center Dr, Reston, VA 20190-5287 | VA | 2000-09 | $665,847 |
| 3 | Maxwelton And Lachlan Foundation | 702 Evergreen Avenue, Charlottesville, VA 22902 | VA | 2009-04 | $0 |
| 4 | May Foundation | 1210 Perry William Dr, Mclean, VA 22101-2320 | VA | 1967-03 | $1 |
| 5 | May Liang And James Lintott Foundation | 2325 Dulles Corner Blvd Ste 670, Herndon, VA 20171-4683 | VA | 1999-04 | $196,112 |
| 6 | Mayfair Estates Civic Association Inc | 4310 Oxbridge Road, North Chesterfield, VA 23236 | VA | 1975-07 | $1,200 |
| 7 | Brunswick Mayfield Recreation Center Inc | PO BOX 711, Lawrenceville, VA 23868-0711 | VA | 1988-01 | $35,991 |
| 8 | Maymere Charitable Foundation | 6464 Trillium House Ln, Centreville, VA 20120-3760 | VA | 2003-09 | $304,942 |
| 9 | Maynard Childhood Cancer Foundation, Jake's Reindeer Race | 720 Epson Downs Court, Richmond, VA 23229 | VA | 2007-06 | $0 |
| 10 | Maynor Street Housing Incorporated | 24 Clay Street, Martinsville, VA 24112 | VA | 2006-11 | $0 |
| 11 | Mayor Gayden W Morrill Charitable Foundation, Gayden W Morrill Ttee | 1010 Shipman Ln, Mclean, VA 22101-2135 | VA | $169,905 | |
| 12 | Mba Tech Connection Inc | PO BOX 5769, Charlottesvle, VA 22905-5769 | VA | 2002-07 | $6,025 |
| 13 | Mbc Development Corporation | 755 Roanoke St, Christiansburg, VA 24073-3168 | VA | 1987-12 | $3,788 |
| 14 | Mbi Educational Foundation Inc | 944 Glenwood Station Ln Ste 204, Charlottesvle, VA 22901-1480 | VA | 2001-01 | $21,585 |
| 15 | Mc Athletic Association Inc | PO BOX 2415, Chester, VA 23831-8447 | VA | 2002-11 | $41,796 |
| 16 | Mcadams Foundation | 2325 Dulles Corner Blvd Ste 670, Herndon, VA 20171-4683 | VA | 2000-11 | $40,665 |
| 17 | Mccarthy Fam Charitable Foundation, Ciik Bonnie J Ttee | 9325 Mainsail Dr, Burke, VA 22015-4237 | VA | 2000-05 | $976,585 |
| 18 | Mcclure River Valley Community Development Center Inc | 3728 Dante Mountain Rd, Clinchco, VA 24226-8508 | VA | 1990-07 | $117,684 |
| 19 | Mccolgan Family Foundation | 2380 Atoka Rd, Marshall, VA 20115-3528 | VA | 2006-11 | $30,944 |
| 20 | Mccormick Group Employee Benefit Trust, Mccormick William J Ttee | 1440 Central Park Blvd, Fredericksbrg, VA 22401-4931 | VA | 1990-11 | $36,269 |
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