Charlie And Bertha Hammond Charitable Trust in Mobile, Alabama (AL)

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Charlie And Bertha Hammond Charitable Trust
Employer Identification Number (EIN)456586168
Name of OrganizationCharlie And Bertha Hammond Charitable Trust
In Care of NameRegions Bank Trust Dept
AddressPO BOX 2886, Mobile, AL 36652-2886
SubsectionCharitable Organization
Ruling Date05/2012
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$312,576
Amount of Income$439,428
Form 990 Revenue Amount$16,527
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2013: $439,428 (it was $77,933 in 2012)
Charlie And Bertha Hammond Charitable Trust: 

 $439,428
Other organizations performing similar types of work: 

 $105,489

Assets in 2013: $312,576 (it was $301,684 in 2012)
Charlie And Bertha Hammond Charitable Trust: 

 $312,576
Other organizations performing similar types of work: 

 $325,460

Expenses in 2013: $16,417
Charlie And Bertha Hammond Charitable Trust: 

 $16,417
Other organizations performing similar types of work: 

 $49,058

Income to expenses ratio in 2013: 26.8
This organization: 

 26.8
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
Charlie And Bertha Hammond Charitable Trust: 

 0.0%
Other organizations performing similar types of work: 

 22.8%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$26,868$26,143$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$2
Dividends and interest from securities$8,652
Gross rents$0
Gross sales price for all assets$430,684
Gross profit from sales of goods$0
Other income$90
Other$18,124
Total expenses and disbursements$16,417$2,985$0$13,431
Compensation of officers, directors, trustees, etc.$3,676
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$300
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$4,021$2,985$1,035
Contributions, gifts, grants paid$12,396
Excess of revenue over expenses and disbursements$10,451
Net investment income$23,158
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$305,669$317,743$301,684$324,453$312,576$330,546
Cash - non-interest-bearing$13,194$0$0
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$292,475$73,698$64,623
Investments-corporate bonds$0$220,863$218,533
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$0$1$436
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$305,669$301,684$312,140
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$7,771$6,926$18,124
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$291$114$232
Total credits and payments$0$320$116
Current year estimated tax payments and previous year's overpayment credited to current year$0$320$116
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$116
Overpayment$206$0
Amount to be credited to next year's estimated tax$0$116$0
Statements Regarding Activities
201120122013
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$320,787$329,145$331,795
Net value of noncharitable-use assets$324,208$326,818
Minimum investment return$13,288$16,210$16,341
Distributable Amount
201120122013
Distributable amount$12,997$16,096$16,109
Undistributed Income
201120122013
Distributable amount for this year$12,997$16,096$16,109
Undistributed income for this year. This amount must be distributed in the next year$6,504$7,401$10,079
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$2$0
Dividends and interest from securities$8,652$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Julien E Marx Foundation Trust41 W I-65 Service Rd N, Mobile, AL 36608-1204AL2014-04$13,499,407
2Scott Foundation Inc, Amory E Scott2641 Interstate Dr, Opelika, AL 36801-1527AL2007-01$13,328,912
3Max And Lorayne Cooper Foundation, Max Cooper Ttee121 Summit Pkwy, Homewood, AL 35209-4707AL2013-03$8,064,258
4Trinka Davis Foundation A Nonprofit Corporation2932 Berkeley Dr, Birmingham, AL 35242-4102AL2005-12$4,912,278
5Working Womans Home Association Inc7526 Lakeridge Dr, Montgomery, AL 36117-8511AL1923-04$3,153,334
6Annie Graham King Trust Uw DecPO BOX 2450, Montgomery, AL 36102-2450AL2014-08$2,392,012
7First Baptist Church Of Marianna Florida Tr Uw Clara CPO BOX 6507, Dothan, AL 36302-6500AL2010-05$2,322,926
8Morgan Family Foundation10040 Mathis Mountain Rd Se, Huntsville, AL 35803-2812AL2013-07$2,101,802
9Chester Foundation Inc2000 Morris Ave Apt 1200, Birmingham, AL 35203-4163AL2010-04$1,872,259
10John And Carolyn Conn Educational Foundation Inc1211 Government St, Mobile, AL 36604-2407AL2014-07$1,638,646
11Sidney Krauss Charitable TrustWells Fargo Tower420 20th Street, Birmingham, AL 35203AL2013-02$1,612,352
12Vernon R And Alice O White Charitable Foundation 1255001776PO BOX 1628, Mobile, AL 36633-1628AL2013-08$1,395,228
13Shelk Fischer Family Foundation Inc24 Hampton Way, Dothan, AL 36305-6319AL2006-07$1,366,696
14The Chambers Charitable Foundation302 Merchants Walk Ste 250, Tuscaloosa, AL 35406-2292AL2002-03$1,319,548
15Harry And Ethelyn Boyd Scholarship FundPO BOX 2886, Mobile, AL 36652-2886AL2011-05$1,300,005
16Aum Capital Group Charitable FoundationPO BOX 2159, Madison, AL 35758-5416AL2014-10$1,000,197
17Randolph Hunt Charitable Tr 8311001039PO BOX 2886, Mobile, AL 36652-2886AL2014-07$961,350
18Sara Baker Foundation IncPO BOX 465, Huntsville, AL 35804-0465AL2009-09$961,128
19Julia G Melson Charitable Testamentary Trust, Richard P Morthland TteePO BOX 2450, Montgomery, AL 36102-2450AL2012-02$913,887
20Angelica G Muns Charitable Tr, 3211000304PO BOX 2886, Mobile, AL 36652-2886AL2012-01$809,396
Number of organizations performing similar types of work
Alaska25
Alabama219
Arkansas78
Arizona303
California2,586
Colorado408
Connecticut419
District of Columbia111
Delaware583
Florida1,525
Georgia481
Hawaii85
Iowa178
Idaho58
Illinois1,113
Indiana311
Kansas157
Kentucky167
Louisiana161
Massachusetts705
Maryland425
Maine85
Michigan619
Minnesota384
Missouri346
Mississippi70
Montana69
North Carolina788
North Dakota20
Nebraska169
New Hampshire75
New Jersey876
New Mexico92
Nevada215
New York2,617
Ohio698
Oklahoma228
Oregon208
Pennsylvania1,086
Rhode Island184
South Carolina171
South Dakota32
Tennessee266
Texas1,263
Utah274
Virginia477
Vermont54
Washington401
Wisconsin354
West Virginia69
Wyoming63
International44
Total22,395

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