Lorimer & Betty Gall Davidson/Fdn Inc in Arlington, 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
- Other organizations in Virginia
| Lorimer & Betty Gall Davidson/Fdn Inc | |
| Employer Identification Number (EIN) | 237230075 |
| Name of Organization | Lorimer & Betty Gall Davidson/Fdn Inc |
| In Care of Name | Phillip J Sweeney |
| Address | 3815 N Dickerson St, Arlington, VA 22207-2968 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 06/1973 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,193,129 |
| Amount of Income | $945,235 |
| Form 990 Revenue Amount | $111,144 |
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 | $242,088 | $242,088 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2 | |||
| Dividends and interest from securities | $88,088 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $153,998 | |||
| Total expenses and disbursements | $62,047 | $0 | $0 | $60,215 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $15,047 | $0 | $13,215 | |
| Contributions, gifts, grants paid | $47,000 | |||
| Excess of revenue over expenses and disbursements | $180,041 | |||
| Net investment income | $242,088 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,193,129 | $1,180,766 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $206,511 | |
| Investments-corporate stock | $678,872 | |
| Investments-corporate bonds | $231,160 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $64,908 | |
| Other | $11,678 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,193,129 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $153,998 |
| 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 | $4,842 |
| Total credits and payments | $4,920 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $920 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $4,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $78 |
| Amount to be credited to 2013 estimated tax | $78 |
| 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? | Yes |
| 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 | $1,209,803 |
| Net value of noncharitable-use assets | $1,191,640 |
| Minimum investment return | $59,582 |
| Distributable Amount (for 2012) | |
| Distributable amount | $54,741 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $54,741 |
| 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 Virginia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Langley Residential Support Services Inc | 2070 Chain Bridge Rd Ste G55, Vienna, VA 22182-2588 | VA | 1985-05 | $2,377,863 |
| 2 | Langley School Inc | 1411 Balls Hill Rd, Mclean, VA 22101-3499 | VA | 1949-08 | $16,853,908 |
| 3 | L I V E Ministries | PO BOX 5001, Chilhowie, VA 24319-5001 | VA | 2001-11 | $96,609 |
| 4 | L I V E Ministries Foundation | PO BOX 5001, Chilhowie, VA 24319-5001 | VA | 2002-02 | $45,685 |
| 5 | Lambda Sigma Society | 392 Donald Ave Apt B2, Rocky Mount, VA 24151-1156 | VA | 2007-12 | $72,305 |
| 6 | Kappa Alpha Order, Alpha Rho Alumni Chapter | Po Box 1865, Lexington, VA 24450 | VA | 1940-08 | $464,380 |
| 7 | Kappa Alpha Order, Alpha Rho Chapter | 115 Liberty Hall Road, Lexington, VA 24450 | VA | 1940-08 | $89,066 |
| 8 | Live Action | 2200 Wilson Blvd Ste 111 # 102, Arlington, VA 22201-3324 | VA | 2008-08 | $1,753,809 |
| 9 | Lawrence Transplant Foundation Inc | 9403 Lagovista Ct, Great Falls, VA 22066-4009 | VA | 2006-03 | $1 |
| 10 | Learning First Alliance | 1680 Duke Street, Alexandria, VA 22314-3474 | VA | 1998-07 | $340,005 |
| 11 | Lorimer & Betty Gall Davidson/Fdn Inc | 3815 N Dickerson St, Arlington, VA 22207-2968 | VA | 1973-06 | $945,235 |
| 12 | Leet Foundation, Leet Richard H Et Al Ttee | PO BOX 99, Eggleston, VA 24086-0099 | VA | 2001-09 | $8 |
| 13 | Legacy Collegiate Studies Inc | 14 Mayfair Drive, Fredericksburg, VA 22407 | VA | 2008-09 | $0 |
| 14 | Louisiana Orthopaedic Association | 2209 Dickens Rd, Richmond, VA 23230-2005 | VA | 1980-05 | $289,654 |
| 15 | Longview Foundation For Education In World Affairs & Intl Understand | 1069 W Broad St Ste 801, Falls Church, VA 22046-4610 | VA | 1967-02 | $175,354 |
| 16 | Linked Economic Development & Affordable Housing Foundation Inc | 23075 Tail Race Road, Aldie, VA 20105-1819 | VA | 1994-12 | $0 |
| 17 | Leshowitz Family Foundation Inc | 1221 Ranleigh Rd, Mclean, VA 22101-2423 | VA | 1985-07 | $41,550 |
| 18 | Life Settlement Institute | 600 Cameron St, Alexandria, VA 22314-2506 | VA | 2003-05 | $34,000 |
| 19 | Lansdowne Swim Team Inc, Lansdowne Lighting | 19309 Winmeade Dr, Lansdowne, VA 20176-6507 | VA | 2008-04 | $53,691 |
| 20 | Lantana Foundation, Miller James L Ttee | James L Miller Trustee, Norfolk, VA 23510 | VA | 2004-11 | $697,020 |
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