J Bruce & Rose W Beveridge Foundation in Bay Minette, Alabama (AL)
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
| J Bruce & Rose W Beveridge Foundation | |
| Employer Identification Number (EIN) | 010620454 |
| Name of Organization | J Bruce & Rose W Beveridge Foundation |
| In Care of Name | Hamilton C Smith |
| Address | 2410 Hand Ave, Bay Minette, AL 36507-4121 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,607,240 |
| Amount of Income | $1,075,320 |
| Form 990 Revenue Amount | $90,792 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $1,075,320 (it was $90,792 in 2011)
| J Bruce & Rose W Beveridge Foundation: | $1,075,320 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2012: $1,607,240 (it was $1,644,496 in 2011)
| This organization: | $1,607,240 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $116,032
| This organization: | $116,032 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 9.3
| This organization: | 9.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 79.6% |
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 | $78,778 | $78,778 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $7,498 | |||
| Dividends and interest from securities | $38,555 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $32,725 | |||
| Total expenses and disbursements | $116,032 | $28,346 | $0 | $82,674 |
| Compensation of officers, directors, trustees, etc. | $10,000 | |||
| Total operating and administrative expenses | $46,108 | $28,346 | $12,750 | |
| Contributions, gifts, grants paid | $69,924 | |||
| Excess of revenue over expenses and disbursements | $-37,254 | |||
| Net investment income | $50,432 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,607,240 | $1,722,146 |
| Cash - non-interest-bearing | $1,654 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,261,609 | |
| Investments-corporate bonds | $232,756 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $111,221 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,607,240 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $32,725 |
| 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 | $1,009 |
| Total credits and payments | $1,295 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,295 |
| 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 | $286 |
| Amount to be credited to 2013 estimated tax | $286 |
| 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 | $1,720,829 |
| Net value of noncharitable-use assets | $1,695,020 |
| Minimum investment return | $84,751 |
| Distributable Amount (for 2012) | |
| Distributable amount | $83,742 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $83,742 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $83,642 |
| 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 | Raymond J And Kathryn D Harbert Foundation | 2100 3rd Ave N Ste 600, Birmingham, AL 35203-3416 | AL | 2010-03 | $10,000,003 |
| 2 | Stokes And Sarah Brown Charitable Foundation | PO BOX 2886, Mobile, AL 36652-2886 | AL | 2005-09 | $5,927,875 |
| 3 | The Herman And Emmie Bolden Charitable Trust | PO BOX 360028, Birmingham, AL 35236-0028 | AL | 2014-02 | $3,233,552 |
| 4 | The Ernestine L@lenoir Charitable Trust | PO BOX 32, Butler, AL 36904-0032 | AL | 2000-01 | $3,040,491 |
| 5 | The@warren Family Foundation | 5206 Mountain Ridge Pkwy, Birmingham, AL 35222-4143 | AL | 2001-04 | $2,223,825 |
| 6 | Alabama Institute Of Medicine | PO BOX 43734, Birmingham, AL 35243-0734 | AL | 2014-02 | $2,051,087 |
| 7 | Pete M Hanna Charitable Foundation | 4527 Southlake Pkwy, Hoover, AL 35244-3238 | AL | 2011-05 | $2,002,596 |
| 8 | Betty Mcgowin Charitable Tr 1212005531 | PO BOX 1628, Mobile, AL 36633-1628 | AL | 2015-02 | $1,760,632 |
| 9 | Cs & P Bell Family Foundation | 800 Shades Creek Pkwy Ste 125, Birmingham, AL 35209-4526 | AL | 2013-01 | $1,599,578 |
| 10 | Jay L Smith Family Foundation | 469 S Mcdonough St, Montgomery, AL 36104-4225 | AL | 2013-06 | $1,596,283 |
| 11 | The Christian Workers Foundation Of Alabama Inc | 5181 Desoto Caverns Parkway, Childersburg, AL 35044-5607 | AL | 2001-04 | $1,238,492 |
| 12 | Brooke Family Foundation | 4325 Altamont Rd, Birmingham, AL 35213-2407 | AL | 2009-08 | $1,145,504 |
| 13 | The Melvin And Virginia Hutson Foundation | PO BOX 2716, Decatur, AL 35602-2716 | AL | 1984-12 | $1,084,679 |
| 14 | Zyne Family Foundation Inc | 2070 Montevallo Rd Sw, Birmingham, AL 35211-4426 | AL | 2010-01 | $937,874 |
| 15 | Meredith Birchfield Foundation | 323 Airport Road, Auburn, AL 36830-5702 | AL | 2014-11 | $921,913 |
| 16 | William A Burton Irrv Tr Dtd 2-23-10 | PO BOX 2886, Mobile, AL 36652-2886 | AL | 2012-08 | $910,601 |
| 17 | Sirmon Foundation | 5379 W State Highway 106, Georgiana, AL 36033-4118 | AL | 2004-02 | $778,843 |
| 18 | Guilford Houston Smith Jr Charitable Trust | 9021 Park Crest Rd, Vestavia, AL 35242-7523 | AL | 2014-02 | $542,402 |
| 19 | Mildred And Herbert Warner Memorial Tr | PO BOX 2886, Mobile, AL 36652-2886 | AL | 2012-09 | $526,601 |
| 20 | William David Gwin Sr Fam Foundation Tr, William David Gwin Sr Ttee | 1119 Government St, Mobile, AL 36604-2439 | AL | 2009-07 | $480,004 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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