Sumar Foundation in Ormond 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
| Sumar Foundation | |
| Employer Identification Number (EIN) | 593731743 |
| Name of Organization | Sumar Foundation |
| In Care of Name | J Preston Root Ttee |
| Address | 275 Clyde Morris Blvd, Ormond Beach, FL 32174-5977 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $559,534 |
| Amount of Income | $352,974 |
| Form 990 Revenue Amount | $6,560 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $6,560 | $13,376 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $13,376 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $130 | |||
| Total expenses and disbursements | $162,271 | $2,675 | $0 | $159,571 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,770 | $2,675 | $2,070 | |
| Contributions, gifts, grants paid | $157,501 | |||
| Excess of revenue over expenses and disbursements | $-155,711 | |||
| Net investment income | $10,701 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $403,823 | $375,242 |
| Cash - non-interest-bearing | $13,842 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $389,981 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $403,823 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-6,946 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $107 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $107 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $467,902 |
| Net value of noncharitable-use assets | $460,880 |
| Minimum investment return | $23,044 |
| Distributable Amount (for 2011) | |
| Distributable amount | $22,937 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $22,937 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Success Today International Inc | 6381 Cascade Dr, Keystone Hgts, FL 32656-8883 | FL | 1971-02 | $1 |
| 2 | Successful Systems Inc, Community Mentors | 699 Clay St, Winter Park, FL 32789-4553 | FL | 2005-01 | $132,339 |
| 3 | Sucede Inc | 360 Glenridge Rd, Key Biscayne, FL 33149-1314 | FL | 2003-10 | $142,829 |
| 4 | Sue Bassett Foundation Inc | PO BOX 1870, Melbourne, FL 32902-1870 | FL | 2011-05 | $199,611 |
| 5 | Sue Perel Rosefsky Foundation | PO BOX 40200, Jacksonville, FL 32203-0200 | FL | 1992-09 | $163,822 |
| 6 | Sugar Industry Labor Mangement Committee Tr, Ortis Frank C Ttee | 1321 Nw 114th Ave, Pembroke Pnes, FL 33026-2520 | FL | 1999-10 | $96,675 |
| 7 | Sugar Industry Technologists Inc | 201 Cypress Ave, Clewiston, FL 33440-5110 | FL | 1960-06 | $173,376 |
| 8 | Sugarmill Woods Civic Association Inc | 108 Cypress Blvd W, Homosassa, FL 34446-4503 | FL | 1981-08 | $24,719 |
| 9 | Suited For Success Inc | 1600 Nw 3rd Avenue Suite 111, Miami, FL 33136-1810 | FL | 1994-12 | $442,204 |
| 10 | Sullivan Family Foundation | 2351 S Ridgewood Ave Lot 35, Edgewater, FL 32141-4223 | FL | 2000-12 | $32,073 |
| 11 | Sumar Foundation | 275 Clyde Morris Blvd, Ormond Beach, FL 32174-5977 | FL | 2001-08 | $352,974 |
| 12 | Summer House Foundation Inc | 225 179th Dr Apt 603, Sunny Isl Bch, FL 33160-1935 | FL | 2008-03 | $6,713 |
| 13 | Summerfield Basketball Inc | PO BOX 535, Riverview, FL 33568-0535 | FL | 2002-02 | $94,673 |
| 14 | Summit Christian School Of Palm Beach County Inc | 4900 Summit Blvd, West Palm Bch, FL 33415-3856 | FL | 1975-03 | $2,716,841 |
| 15 | Summit Bible Church Inc | 1901 S John Young Pkwy Ste 110, Kissimmee, FL 34741-0601 | FL | 2005-03 | $159,103 |
| 16 | Sumner G Rand Jr Foundation Inc | PO BOX 540777, Orlando, FL 32854-0777 | FL | 2003-03 | $403,012 |
| 17 | Sumter County Chamber Of Commerce Inc | PO BOX 100, Sumterville, FL 33585-0100 | FL | 1986-12 | $256,025 |
| 18 | Explore Sumter County Inc | P O Box 337, Bushnell, FL 33513 | FL | 1992-08 | $1,477 |
| 19 | Sumter County Farm Bureau | 7610 Sr 471, Bushnell, FL 33513-8734 | FL | 1966-07 | $182,381 |
| 20 | Sumter Electric Cooperative Inc | PO BOX 301, Sumterville, FL 33585-0301 | FL | 1939-09 | $341,371,013 |
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