Bernard R & Carol Kossar Foundation Inc in Palm Beach, Florida (FL)
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 Florida
| Bernard R & Carol Kossar Foundation Inc | |
| Employer Identification Number (EIN) | 363826425 |
| Name of Organization | Bernard R & Carol Kossar Foundation Inc |
| In Care of Name | Bernard R Kossar |
| Address | 3100 S Ocean Blvd Ph 705n, Palm Beach, FL 33480-7026 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| 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 | $1,726,987 |
| Amount of Income | $967,224 |
| Form 990 Revenue Amount | $72,349 |
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 | $38,668 | $89,620 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $9 | |||
| Dividends and interest from securities | $89,687 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $103,620 | $954 | $0 | $99,741 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,879 | $954 | $0 | |
| Contributions, gifts, grants paid | $99,741 | |||
| Excess of revenue over expenses and disbursements | $-64,952 | |||
| Net investment income | $88,666 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,726,987 | $2,016,884 |
| Cash - non-interest-bearing | $3,852 | |
| Investments-U.S. and state government obligations | $204,834 | |
| Investments-corporate stock | $471,356 | |
| Investments-corporate bonds | $621,914 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $425,031 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,726,987 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-51,028 |
| 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 | $1,773 |
| Total credits and payments | $1,600 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,600 |
| 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 | $173 |
| 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 | $1,952,820 |
| Net value of noncharitable-use assets | $1,923,520 |
| Minimum investment return | $96,176 |
| Distributable Amount (for 2012) | |
| Distributable amount | $94,403 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $94,403 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
Passion For Paws in Palm Beach, FL
 |
Hannahs Homeless Inc in St Petersburg, FL
 |
|
Hope Chapel Inc in Estero, FL
|
|
Veteran Enforcers Motorcycle Association Vema in Jacksonville, FL
|
|
Helping Hands Of Christ Ministries Inc in Lake Wales, FL
|
|
Knights Of Columbus, Knights Of Columbus 7210 St Anne Council in Ruskin, FL
|
|
Child Survivors Hidden Children Of The Holocaust Inc in Boynton Beach, FL
|
|
Lehigh Acres Lodge 2009 I O O F in Lehigh Acres, FL
|
|
Disabled Veterans Golf Association Inc in Tampa, FL
|
|
Reins Of Change Equine Therapy Inc in North Port, FL
|
| Other organizations in Florida | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Bernadotte E Schmidt Scholarship Fund | PO BOX 1908, Orlando, FL 32802-1908 | FL | 1971-02 | $55,767 |
| 2 | Bernard & Helen Fuller Foundation Inc | 300 Se 5th Ave Apt 2130, Boca Raton, FL 33432-5060 | FL | 1945-06 | $15,192 |
| 3 | Bernard A And Chris Marden Foundation Inc | 2 N Breakers Row Apt N43, Palm Beach, FL 33480-3987 | FL | 1993-06 | $200 |
| 4 | Bernard A Egan Foundation Inc | 1900 N Old Dixie Hwy, Fort Pierce, FL 34946-1423 | FL | 1996-02 | $27,962,085 |
| 5 | Bernard And Alexandria Schoninger Foundation Inc | 347 Clearwater Dr, Ponte Vedra, FL 32082-4174 | FL | 1984-03 | $1,004,230 |
| 6 | Bernard And Margaret Fink Foundation | 120 Sunset Ave, Palm Beach, FL 33480-3969 | FL | 1954-07 | $31,400 |
| 7 | Bernard And Pamela Barbash Family Foundation | 12241 Tillinghast Cir, Palm Bch Gdns, FL 33418-1554 | FL | 2006-02 | $1,326,346 |
| 8 | Bernard E Reisman Charitable Foundation | 2600 S Ocean Blvd Apt 204s, Palm Beach, FL 33480-5492 | FL | 1965-06 | $9,095 |
| 9 | Bernard F & Mary Ann Powell Foundation Inc | 12102 Creole Ct, Parrish, FL 34219-1201 | FL | 2002-02 | $1,824,256 |
| 10 | Bernard Mevs Charitable Foundation Inc | 19 W Flagler St Ste 1400, Miami, FL 33130-4410 | FL | 1997-11 | $1 |
| 11 | Bernard R & Carol Kossar Foundation Inc | 3100 S Ocean Blvd Ph 705n, Palm Beach, FL 33480-7026 | FL | 1993-03 | $967,224 |
| 12 | Bernard Shapiro Fund Inc | 9350 W Bay Harbor Dr, Bay Harbor Is, FL 33154-2387 | FL | 1946-03 | $273 |
| 13 | Bernell Family Foundation | 21150 Ne 22nd Ct, Miami, FL 33180-1002 | FL | 2008-08 | $31,860 |
| 14 | Bernice A Russell Community Development Corporation Inc | 329 E Virginia Ave Unit 113, Punta Gorda, FL 33950 | FL | 2014-11 | $0 |
| 15 | Bernice Barbour Foundation Inc | Suite 110rr, Wellington, FL 33414 | FL | 1987-09 | $5,081,442 |
| 16 | Bernice W Jeffcoat Charitable Trust, Pullum J Stephen Ttee | 1330 Citizens Blvd Ste 701, Leesburg, FL 34748-3945 | FL | 2007-02 | $1 |
| 17 | Bernise R Shanklin Foundation Inc | 249 Antiqua Way, Niceville, FL 32578-4002 | FL | 2008-06 | $1,158,773 |
| 18 | Berrydale Water System Inc | 12400 Highway 87 N, Milton, FL 32570-8644 | FL | 2002-07 | $411,265 |
| 19 | Bert & Bernie Cohen Foundation Inc | 8034 Fisher Island Dr, Fisher Island, FL 33109-1056 | FL | 1985-05 | $457,224 |
| 20 | Bert Fish Foundation Inc | PO BOX 46, Deland, FL 32721-0046 | FL | 1991-01 | $2,433,443 |
Organization representatives - add corrected or new information about Bernard R & Carol Kossar Foundation Inc »
Non-representatives - add comments about Bernard R & Carol Kossar Foundation Inc»