The Marjorie And Richard Mcgahren Foundation, Mcgahren Marjorie Co-Ttee in Naples, 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
| The Marjorie And Richard Mcgahren Foundation, Mcgahren Marjorie Co-Ttee | |
| Employer Identification Number (EIN) | 066447410 |
| Name of Organization | The Marjorie And Richard Mcgahren Foundation |
| Secondary Name | Mcgahren Marjorie Co-Ttee |
| In Care of Name | Kevin Waterhouse |
| Address | 7117 Pelican Bay Blvd, Naples, FL 34108-5532 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $705,350 |
| Amount of Income | $158,012 |
| Form 990 Revenue Amount | $166,046 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
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 | $266,959 | $266,959 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $25 | |||
| Dividends and interest from securities | $74,293 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $192,641 | |||
| Total expenses and disbursements | $131,644 | $13,644 | $0 | $118,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $13,644 | $13,644 | $0 | |
| Contributions, gifts, grants paid | $118,000 | |||
| Excess of revenue over expenses and disbursements | $135,315 | |||
| Net investment income | $253,315 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $713,959 | $2,363,537 |
| Cash - non-interest-bearing | $255,287 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $458,672 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $713,959 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $192,641 |
| 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 | $2,533 |
| Total credits and payments | $973 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $973 |
| 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 | $7 |
| Tax due | $1,567 |
| 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 | $2,313,994 |
| Net value of noncharitable-use assets | $2,279,280 |
| Minimum investment return | $113,964 |
| Distributable Amount (for 2012) | |
| Distributable amount | $111,431 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $111,431 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $82,005 |
| 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 | The Louise Dallis Park Benevolent Fund Number Two | PO BOX 40200 FL9-100-10-19, Jacksonville, FL 32203-0200 | FL | 2004-04 | $345,672 |
| 2 | The Lowenberg Charitable Trust, John D Lowenberg Trustee | 650 Coconut Palm Rd, Vero Beach, FL 32963-3713 | FL | 1987-05 | $8,864 |
| 3 | The Lowndes Drosdick Doster Kantor & Reed Foundation Inc | PO BOX 2809, Orlando, FL 32802-2809 | FL | 1987-02 | $6,183 |
| 4 | The Lucy Myers Urban Ministries Fund, Welkley Lee Ttee | 6246 Maney Dr S, Jacksonville, FL 32216-4499 | FL | 1994-01 | $25,433 |
| 5 | The Lupus Support Network Inc | PO BOX 17841, Pensacola, FL 32522-7841 | FL | 1988-01 | $199,397 |
| 6 | The Luria Family Foundation Inc | 7774 Fisher Island Dr, Miami, FL 33109-0956 | FL | 1985-07 | $412,586 |
| 7 | The Lyden Foundation Inc | PO BOX 700, Winter Park, FL 32790-0700 | FL | 1997-12 | $331,009 |
| 8 | The Lynn And Alan Neal Foundation | PO BOX 1908, Orlando, FL 32802-1908 | FL | 1999-12 | $255,787 |
| 9 | The Machacek-Kenlin Foundation Inc | 39519 Harbor Hills Blvd, Lady Lake, FL 32159-5906 | FL | 2003-04 | $23,240 |
| 10 | The Marion County Historical Association Inc | PO BOX 4383, Ocala, FL 34478-4383 | FL | 1987-02 | $11,305 |
| 11 | The Marjorie And Richard Mcgahren Foundation, Mcgahren Marjorie Co-Ttee | 7117 Pelican Bay Blvd, Naples, FL 34108-5532 | FL | 1998-07 | $158,012 |
| 12 | The Mary Belle And Albert Fetzer Private Charitable Foundation, Fetzer John A Ttee | 2321 Masterplace Way, Palm Beach Gardens, FL 33410 | FL | 1990-08 | $8,682 |
| 13 | The Masters Academy Of Central Florida Inc | 1500 Lukas Ln, Oviedo, FL 32765-6629 | FL | 1987-04 | $11,589,106 |
| 14 | The Mattie Kelly Arts Foundation Inc | 4323 Commons Dr W, Destin, FL 32541-8414 | FL | 1996-03 | $544,231 |
| 15 | The Mavrick House For Men Inc | 2922 Santa Barbara Blvd, Naples, FL 34116-7430 | FL | 1988-08 | $34,065 |
| 16 | The Mccurry Foundation Inc | 4417 Beach Boulevard, Jacksonville, FL 32207-4786 | FL | 1995-07 | $133,479 |
| 17 | The Mckenna Family Foundation, Mckenna M J Et Al Ttees | 8650 S Ocean Dr Apt 701, Jensen Beach, FL 34957-2153 | FL | 1994-04 | $239,720 |
| 18 | The Mcmaster Family Foundation Inc | 215 South Ocean Grande Drive Room U, Ponte Vedra, FL 32082-4589 | FL | 2006-03 | $206,964 |
| 19 | The Mcneill Family Foundation | PO BOX 540777, Orlando, FL 32854-0777 | FL | 1988-12 | $409,649 |
| 20 | The Medical Center At Ocean Reef Inc | 50 Barracuda Ln, Key Largo, FL 33037-3733 | FL | 1974-12 | $3,387,566 |
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