Scherer Foundation Inc in Avon, Connecticut (CT)
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 Connecticut
| Scherer Foundation Inc | |
| Employer Identification Number (EIN) | 066080258 |
| Name of Organization | Scherer Foundation Inc |
| Address | PO BOX 785, Avon, CT 06001-0785 |
| Activities | Gifts, grants, or loans to other organizations, Gifts or grants to individuals (other than scholarships) |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/1966 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $80,394 |
| Amount of Income | $13,102 |
| Form 990 Revenue Amount | $44,087 |
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 | $13,680 | $3,680 | $0 | |
| Contributions, gifts, grants, etc., received | $10,000 | |||
| Interest on savings and temporary cash investments | $502 | |||
| Dividends and interest from securities | $1,026 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,152 | |||
| Total expenses and disbursements | $27,892 | $1,542 | $0 | $26,350 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,542 | $1,542 | $0 | |
| Contributions, gifts, grants paid | $26,350 | |||
| Excess of revenue over expenses and disbursements | $-14,212 | |||
| Net investment income | $2,138 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $87,603 | $111,174 |
| Cash - non-interest-bearing | $24,415 | |
| Investments-U.S. and state government obligations | $10,000 | |
| Investments-corporate stock | $35,584 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $13,852 | |
| Other | $3,752 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $87,603 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $21 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $21 |
| 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 | $119,881 |
| Net value of noncharitable-use assets | $118,080 |
| Minimum investment return | $5,904 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5,883 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5,883 |
| 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 |
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| Other organizations in Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Saxton B Little Free Library Inc | 319 Route 87, Columbia, CT 06237-1156 | CT | 1970-01 | $377,959 |
| 2 | Say Yes To Education Foundation | One State St, Hartford, CT 06103-3100 | CT | 2007-07 | $173,555,936 |
| 3 | Say Yes To Education Inc | 1 State St Fl 20, Hartford, CT 06103-3113 | CT | 1992-08 | $124,521,181 |
| 4 | Saybrook Charitable Trust | 33 Brook St, W Hartford, CT 06110-2350 | CT | 1988-01 | $16,085 |
| 5 | Sbm Charitable Foundation Inc | 935 Main Street Lev C Ste B101, Manchester, CT 06040 | CT | 2001-06 | $9,723,663 |
| 6 | Sbw Foundation | PO BOX 1502, Middletown, CT 06457-8002 | CT | 2004-05 | $308,594 |
| 7 | Scandinavian Club Inc | 1351 S Pine Creek Rd, Fairfield, CT 06824-6351 | CT | 1991-08 | $63,702 |
| 8 | Schaefer Family Foundation | 21 Linden Shrs, Branford, CT 06405-5253 | CT | 2002-01 | $5,724 |
| 9 | Schaeffer-Phillips Foundation Inc | 92 Five Mile River Road, Darien, CT 06820-6234 | CT | 2001-08 | $244,046 |
| 10 | Schaghticoke Band-Aides Inc | 23 Hipp Rd, New Milford, CT 06776 | CT | 1982-10 | $0 |
| 11 | Scherer Foundation Inc | PO BOX 785, Avon, CT 06001-0785 | CT | 1966-03 | $13,102 |
| 12 | Scheuer Associates Foundation Inc | 960 Lake Ave, Greenwich, CT 06831 | CT | 1952-08 | $660,362 |
| 13 | Schick Foundation | 6 Indian Spring Rd, Rowayton, CT 06853-1303 | CT | 1954-01 | $56,109 |
| 14 | Schiele Family Foundation Inc | 19 Hill Rd, Greenwich, CT 06830-4025 | CT | 2000-02 | $432 |
| 15 | Schilberg Foundation | 906 Sand Stone Dr, South Windsor, CT 06074-2871 | CT | 2002-01 | $4,826 |
| 16 | Schmertzler Family Foundation | 1300 Valley Rd, New Canaan, CT 06840-2430 | CT | 2001-11 | $508,430 |
| 17 | Schneider Family Foundation Inc | 35 Golf Ln, Ridgefield, CT 06877-4818 | CT | 2000-12 | $5,692 |
| 18 | School Administrators Association Of New Haven, Schl Admins Assoc Of New Haven | C/O Keisha Hannans 155 Hearn Lane, Hamden, CT 06514 | CT | 1994-08 | $96,167 |
| 19 | School Administrators Of Waterbury Inc | 40 Woodtick Rd, Waterbury, CT 06705-2207 | CT | 1983-06 | $81,229 |
| 20 | School For Ethical Education Inc | 326 West Main Street Suite 204, Milford, CT 06460-2560 | CT | 1997-02 | $636,745 |
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