R M Beall Sr Charitable Operating Foundation Inc in Bradenton, Florida (FL)

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R M Beall Sr Charitable Operating Foundation Inc
Employer Identification Number (EIN)800025118
Name of OrganizationR M Beall Sr Charitable Operating Foundation Inc
In Care of NameMichael Maddaloni
Address1806 38th Ave E, Bradenton, FL 34208-4708
SubsectionCharitable Organization
Ruling Date06/2002
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Tax Period11/2012
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$1,637,052
Amount of Income$259,030
Form 990 Revenue Amount$252,957
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2012: $259,030 (it was $1,512,179 in 2011)
R M Beall Sr Charitable Operating Foundation Inc: 

 $259,030
Other organizations performing similar types of work: 

 $41,680

Assets in 2012: $1,637,052 (it was $1,647,961 in 2011)
R M Beall Sr Charitable Operating Foundation Inc: 

 $1,637,052
Other organizations performing similar types of work: 

 $65,579

Expenses in 2012: $57,591
This organization: 

 $57,591
Other organizations performing similar types of work: 

 $24,470

Income to expenses ratio in 2012: 4.5
This organization: 

 4.5
Other organizations performing similar types of work: 

 0.5

Grants share in income in 2012: 0.0%
R M Beall Sr Charitable Operating Foundation Inc: 

 0.0%
Other organizations performing similar types of work: 

 9.0%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$44,982$53,897$53,897
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$32,378
Gross rents$0
Gross profit from sales of goods$0
Other income$21,519
Total expenses and disbursements$57,591$10,402$10,402$47,189
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$20,220$10,402$9,818
Contributions, gifts, grants paid$37,371
Excess of revenue over expenses and disbursements$-12,609
Net investment income$43,495
Adjusted net income$43,495
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$1,637,052$1,687,838
Cash - non-interest-bearing$14,237
Investments-U.S. and state government obligations$0
Investments-corporate stock$866,401
Investments-corporate bonds$632,183
Investments-mortgage loans$0
Investments-other$0
Other$124,231
Total liabilities$1,700
Mortgages and other notes payable$0
Other$1,700
Total liabilities and net assets/fund balances$1,635,352
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$-8,915
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$870
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$870
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?Yes
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$1,663,748
Net value of noncharitable-use assets$1,638,800
Minimum investment return$81,940
Distributable Amount (for 2012)
Distributable amount$0
Undistributed Income (for 2012)
Distributable amount for 2012$0
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$43,495$29,019$14,927$8,865$96,306
Qualifying distributions made directly for active conduct of exempt activities$47,189$80,241$58,531$70,270$256,231
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$54,626$56,109$52,998$42,827$206,560
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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Number of organizations performing similar types of work
Alaska48
Alabama286
Arkansas212
Arizona375
California2,590
Colorado397
Connecticut360
District of Columbia210
Delaware90
Florida1,248
Georgia644
Hawaii125
Iowa241
Idaho90
Illinois1,083
Indiana348
Kansas216
Kentucky271
Louisiana247
Massachusetts819
Maryland580
Maine135
Michigan690
Minnesota353
Missouri459
Mississippi159
Montana122
North Carolina631
North Dakota29
Nebraska124
New Hampshire145
New Jersey1,137
New Mexico122
Nevada157
New York1,581
Ohio902
Oklahoma233
Oregon274
Pennsylvania951
Rhode Island132
South Carolina243
South Dakota54
Tennessee325
Texas2,055
Utah196
Virginia649
Vermont87
Washington473
Wisconsin403
West Virginia110
Wyoming43
International27
Total23,481

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