Marguerite Cole Foundation Inc in West 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
| Marguerite Cole Foundation Inc | |
| Employer Identification Number (EIN) | 066069629 |
| Name of Organization | Marguerite Cole Foundation Inc |
| In Care of Name | Dennis P Flynn Cpa Pa |
| Address | 1109 S Congress Ave, West Palm Beach, FL 33406-5100 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1955 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,422,036 |
| Amount of Income | $249,805 |
| Form 990 Revenue Amount | $13,371 |
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 | $92,486 | $66,438 | $66,450 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $34,650 | |||
| Dividends and interest from securities | $31,788 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $12 | |||
| Other | $26,036 | |||
| Total expenses and disbursements | $95,443 | $0 | $27,218 | $95,443 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $27,218 | $0 | $27,218 | |
| Contributions, gifts, grants paid | $68,225 | |||
| Excess of revenue over expenses and disbursements | $-2,957 | |||
| Net investment income | $66,438 | |||
| Adjusted net income | $39,232 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,551,730 | $1,981,002 |
| Cash - non-interest-bearing | $197,643 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $896,034 | |
| Investments-corporate bonds | $458,053 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,551,730 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $26,036 |
| 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 | $1,329 |
| Total credits and payments | $1,400 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,400 |
| 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 | $71 |
| Amount to be credited to 2013 estimated tax | $71 |
| 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 | $2,215,110 |
| Net value of noncharitable-use assets | $2,181,880 |
| Minimum investment return | $109,094 |
| Distributable Amount (for 2012) | |
| Distributable amount | $107,765 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $107,765 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $12,322 |
| 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 Florida | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Margate Athletic Association Inc | Po Box 934705, Margate, FL 33093-4705 | FL | 1985-01 | $0 |
| 2 | Margate Chamber Of Commerce | 6221 Margate Blvd, Margate, FL 33063-2846 | FL | 2004-11 | $130,048 |
| 3 | Margate Youth Khoury League Inc | PO BOX 934294, Margate, FL 33093-4294 | FL | 1996-03 | $126,035 |
| 4 | Margate Youth Soccer Association Inc | PO BOX 934899, Margate, FL 33093-4899 | FL | 1990-09 | $85,501 |
| 5 | Margauxs Miracle Foundation Inc | 2601 Nw 29th Dr, Boca Raton, FL 33434-3676 | FL | 2002-12 | $224,137 |
| 6 | Margeson Fam Char Tr, Margeson Kenneth L Md Ttee | 400 S Lake Sybelia Dr, Maitland, FL 32751-5544 | FL | 1999-02 | $285 |
| 7 | Margie Joy Foundation Inc | 5700 70th Ave, Pinellas Park, FL 33781-4238 | FL | 1998-03 | $309,812 |
| 8 | Margie L Brown Family Foundation | 401 E Linton Blvd, Delray Beach, FL 33483-5028 | FL | 1988-06 | $4,885 |
| 9 | Margit & Larry Breakiron Foundation | 1520 Gulf Blvd Apt 1502, Clearwater, FL 33767-2957 | FL | 2000-06 | $66,544 |
| 10 | Marguerite Asher Rhodes Scholarship Fund Tr, Hazen Richard J Ttee | Rj Hazen 2607 Bayshore Rd, Nokomis, FL 34275 | FL | 2002-08 | $25,633 |
| 11 | Marguerite Cole Foundation Inc | 1109 S Congress Ave, West Palm Beach, FL 33406-5100 | FL | 1955-02 | $249,805 |
| 12 | Tr U W Marguerite W Salinas, Ncq-002-18-11 | PO BOX 40200, Jacksonville, FL 32203-0200 | FL | 1973-02 | $380,857 |
| 13 | Marh Foundation Inc | 5000 Sw 83rd St, Miami, FL 33143-8510 | FL | 1999-10 | $114,971 |
| 14 | Maria Arabia Voice Scholarships | PO BOX 40200, Jacksonville, FL 32203-0200 | FL | 1999-09 | $405,634 |
| 15 | Maria Dewberry Childrens Foundation | 355 Citrus Tower Blvd Ste 104, Clermont, FL 34711-6501 | FL | 2002-05 | $29,320 |
| 16 | Maria Luisa De Moreno International Foundation Inc | 12555 Orange Drive Ste 103, Davie, FL 33330-4304 | FL | 2009-07 | $657,804 |
| 17 | Marian Center Charitable Trust | 15701 Nw 37th Ave, Opa Locka, FL 33054-6373 | FL | 1946-03 | $1,330,367 |
| 18 | United States Catholic Conference, Marian Center School And Services I | 15701 Nw 37th Ave, Opa Locka, FL 33054-6373 | FL | 1946-03 | $2,297,461 |
| 19 | Marian M Jackson Tr Agreement 120590, Normile Hubert C Ttee | 1795 W Nasa Blvd, Melbourne, FL 32901-2611 | FL | 2001-03 | $28,688 |
| 20 | Marianna Arts Festival Incorporated | PO BOX 300, Marianna, FL 32447-0300 | FL | 2005-02 | $51,173 |


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