Benjamin D & Ruby G Schulman Foundation in Carlsbad, California (CA)
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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in California
| Benjamin D & Ruby G Schulman Foundation | |
| Employer Identification Number (EIN) | 042585160 |
| Name of Organization | Benjamin D & Ruby G Schulman Foundation |
| In Care of Name | Ruby G Schulman |
| Address | 7529 Gibraltar St, Carlsbad, CA 92009-7460 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1976 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $683,667 |
| Amount of Income | $101,344 |
| Form 990 Revenue Amount | $32,976 |
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 | $34,841 | $34,841 | $39,972 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $16,445 | |||
| Dividends and interest from securities | $17,736 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $660 | |||
| Total expenses and disbursements | $79,626 | $7,168 | $7,168 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $7,168 | $7,168 | $0 | |
| Contributions, gifts, grants paid | $72,458 | |||
| Excess of revenue over expenses and disbursements | $-44,785 | |||
| Net investment income | $27,673 | |||
| Adjusted net income | $32,804 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $728,831 | $728,831 |
| Cash - non-interest-bearing | $346,243 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $257,700 | |
| Investments-corporate bonds | $108,603 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $16,285 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $728,831 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $660 |
| 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 | $553 |
| Total credits and payments | $54 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $54 |
| 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 | $499 |
| 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? | 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 | $790,962 |
| Net value of noncharitable-use assets | $779,100 |
| Minimum investment return | $38,955 |
| Distributable Amount (for 2012) | |
| Distributable amount | $38,402 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $38,402 |
| 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 | $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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $739 | $0 | $739 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $739 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $739 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $739 |
| Specific deduction | $1,000 |
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| Other organizations in California | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | B K Kee Foundation | 445 Pullman Rd, Hillsborough, CA 94010-6749 | CA | 2006-05 | $4,162,382 |
| 2 | Bakersfield Civic Light Opera Association | 1931 Chester Ave, Bakersfield, CA 93301-4417 | CA | 1974-03 | $1,107,098 |
| 3 | Bananas Incorporated | 5232 Claremont Ave, Oakland, CA 94618-1033 | CA | 1974-11 | $9,479,943 |
| 4 | Battle Family Foundation | 35 Vicente Rd, Berkeley, CA 94705-1603 | CA | 2000-04 | $3,906,612 |
| 5 | Bay Nature Institute | 1328 6th St Ste 2, Berkeley, CA 94710-1407 | CA | 2004-06 | $589,395 |
| 6 | Baytree Fund | 44 E Foothill Blvd, Arcadia, CA 91006-2305 | CA | 2004-05 | $8,891,720 |
| 7 | Beit Tshuvah | 8831 Venice Blvd, Los Angeles, CA 90034-3223 | CA | 1995-04 | $9,526,149 |
| 8 | Bell Family Foundation, Bell Gwen K Ttee | 611 Washington St 2505, San Francisco, CA 94111-2105 | CA | 1995-06 | $14,229,438 |
| 9 | Bella Vista Foundation | 1660 Bush Street No 300, San Francisco, CA 94109-5308 | CA | 2000-03 | $3,706,771 |
| 10 | Benicia Old Town Theatre Group | Po Box 602, Benicia, CA 94510-0602 | CA | 2014-07 | $31,920 |
| 11 | Benjamin D & Ruby G Schulman Foundation | 7529 Gibraltar St, Carlsbad, CA 92009-7460 | CA | 1976-05 | $101,344 |
| 12 | Berish Henches Foundation Inc | PO BOX 2440, Aptos, CA 95001-2440 | CA | 1959-06 | $403 |
| 13 | Berkeley Repertory Theatre | 999 Harrison St, Berkeley, CA 94710-1455 | CA | 1969-05 | $17,653,281 |
| 14 | Bernal Heights Neighborhood Center | 515 Cortland Ave, San Francisco, CA 94110-5611 | CA | 1978-12 | $1,645,263 |
| 15 | Bethany University Of The Assemblies Of God | 6051 S Watt Ave, Sacramento, CA 95829-1304 | CA | 1955-11 | $2,638,794 |
| 16 | Bethesda University | 730 N Euclid St, Anaheim, CA 92801-4115 | CA | 1987-10 | $4,661,264 |
| 17 | Bicycle Friendly Berkeley Coalition Inc | Po Box 1181, Berkeley, CA 94701 | CA | 2000-11 | $8,482 |
| 18 | Big Brothers And Sisters Of Mendocino County Inc | 498 N Mcpherson St, Fort Bragg, CA 95437-3314 | CA | 1975-08 | $671,523 |
| 19 | Bilger Foundation Tr, Bilger Arthur H Ttee | 480 Bel Air Rd, Los Angeles, CA 90077-3815 | CA | 1991-12 | $269,699 |
| 20 | Billy And Louise Yarbrough Family Foundation | 4630 Westamerica Drive Suite A, Fairfield, CA 94534-4186 | CA | 2001-02 | $16,461 |
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