Robert And Aida Goldfarb Art Law And Literary Fund in Alexandria, 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
| Robert And Aida Goldfarb Art Law And Literary Fund | |
| Employer Identification Number (EIN) | 521987069 |
| Name of Organization | Robert And Aida Goldfarb Art Law And Literary Fund |
| Address | 721 Gibbon St, Alexandria, VA 22314-4107 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $292,983 |
| Amount of Income | $91,022 |
| Form 990 Revenue Amount | $25,230 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: |
Non-representatives - add comments:
Amount of income in 2012: $91,022 (it was $25,230 in 2011)
| Robert And Aida Goldfarb Art Law And Literary Fund: | $91,022 |
| Other organizations performing similar types of work: | $161,555 |
Assets in 2012: $292,983 (it was $324,371 in 2011)
| Robert And Aida Goldfarb Art Law And Literary Fund: | $292,983 |
| Other organizations performing similar types of work: | $432,086 |
Expenses in 2012: $53,563
| This organization: | $53,563 |
| Other organizations performing similar types of work: | $61,941 |
Income to expenses ratio in 2012: 1.7
| This organization: | 1.7 |
| Other organizations performing similar types of work: | 2.8 |
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 | $14,854 | $22,040 | $28,849 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $5,541 | |||
| Dividends and interest from securities | $21,366 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1,942 | |||
| Total expenses and disbursements | $53,563 | $1,017 | $0 | $49,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,563 | $1,017 | $0 | |
| Contributions, gifts, grants paid | $49,000 | |||
| Excess of revenue over expenses and disbursements | $-38,709 | |||
| Net investment income | $21,023 | |||
| Adjusted net income | $28,849 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $292,983 | $243,499 |
| Cash - non-interest-bearing | $5,669 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $217,314 | |
| Investments-corporate bonds | $70,000 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $292,983 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-13,995 |
| 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 | $210 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $210 |
| 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? | 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? | Yes |
| 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 | $285,877 |
| Net value of noncharitable-use assets | $281,580 |
| Minimum investment return | $14,079 |
| 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 | $14,079 | $14,650 | $15,164 | $14,957 | $58,850 |
| Qualifying distributions made directly for active conduct of exempt activities | $49,000 | $38,535 | $39,680 | $2,519 | $129,734 |
| 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 | $9,386 | $9,767 | $10,109 | $9,971 | $39,233 |
| 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 | Mcglothlin Foundation | 1005 Glenway Ave, Bristol, VA 24201-3473 | VA | 1998-12 | $28,470,035 |
| 2 | W T Anderson Trust Uw 7 | PO BOX 40200 FL9-100-10-19, Jacksonville, FL 32203-0200 | FL | 1997-05 | $14,399,004 |
| 3 | Saint Marys Home For Disabled Children Foundation | 6171 Kempsville Cir, Norfolk, VA 23502-3930 | VA | 1998-05 | $9,117,444 |
| 4 | The John P & Constance A Curran Charitable Foundation | 100 Scarborough Sta Rd, Scarborough, NY 10510-2028 | NY | 1997-08 | $8,476,230 |
| 5 | Tr Uw Of Jacob R Marcus Fbo Nettie And Merle J Marcus Memorial | PO BOX 1118, Cincinnati, OH 45201-1118 | OH | 1998-03 | $5,158,943 |
| 6 | Youth Foundation | PO BOX 309, Vail, CO 81658-0309 | CO | 1998-06 | $3,183,916 |
| 7 | Williamsburg Community School District Foundation | PO BOX 8, Williamsburg, IA 52361-0008 | IA | 1998-04 | $2,883,937 |
| 8 | St Josephs Health And Retirement Center | 2464 E Ojai Ave, Ojai, CA 93023-9638 | CA | 1946-03 | $2,744,911 |
| 9 | The Philip Cogan Charitable Trust | 1721 49th St, Brooklyn, NY 11204-1217 | NY | 1997-09 | $2,743,645 |
| 10 | Witherbee Foundation | 528 Arizona Ave Ste 220, Santa Monica, CA 90401-1442 | CA | 1996-11 | $2,682,747 |
| 11 | Seedworks Fund, Hagedorn Susan Ttee | C/O Susan Hagedorn 2990 East 17th, Denver, CO 80206 | CO | 1996-06 | $2,338,202 |
| 12 | The Littlejohn Family Foundation | 18 W Harris St, Savannah, GA 31401-4354 | GA | 1997-08 | $1,856,653 |
| 13 | The Robert And Michelle Friend Foundation | 121 Steuart Street, San Francisco, CA 94105-1236 | CA | 1997-03 | $1,633,616 |
| 14 | Landon E Fuller And Marian C Fuller Perpetual Charitable Trust | PO BOX 191, Danville, VA 24543-0191 | VA | 1998-04 | $972,122 |
| 15 | Community Residences Foundation | 14160 Newbrook Drive 1st Floor, Chantilly, VA 20151-2297 | VA | 1996-08 | $438,121 |
| 16 | Robert And Aida Goldfarb Art Law And Literary Fund | 721 Gibbon St, Alexandria, VA 22314-4107 | VA | 1996-10 | $91,022 |
| 17 | Goldfarb Family Fund | 721 Gibbon St, Alexandria, VA 22314-4107 | VA | 1996-10 | $77,721 |
| 18 | Ruth Camp Campbell Library Endowment Inc | 104 Deer Path Ln, Franklin, VA 23851-2742 | VA | 1996-06 | $15,899 |
| 19 | Spotswood Garden Foundation | 40 E Fairview Ave, Harrisonburg, VA 22801-3012 | VA | 1998-10 | $52 |
| 20 | Minority Economical Development Through Assisted Lending | PO BOX 809, Norfolk, VA 23501-0809 | VA | 1998-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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