Vera And Walter Scherr And Familyfoundation Inc in Sarasota, Florida (FL)

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Vera And Walter Scherr And Familyfoundation Inc
Employer Identification Number (EIN)260208043
Name of OrganizationVera And Walter Scherr And Familyfoundation Inc
In Care of NameWalter Scherr
Address100 Central Ave Apt 713, Sarasota, FL 34236-5728
SubsectionCharitable Organization
Ruling Date09/2008
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$25,343
Amount of Income$200,000
Form 990 Revenue Amount$225,000
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2012: $200,000 (it was $225,000 in 2011)
This organization: 

 $200,000
Other organizations performing similar types of work: 

 $97,434

Assets in 2012: $25,343 (it was $185,216 in 2011)
This organization: 

 $25,343
Other organizations performing similar types of work: 

 $303,611

Financial snapshot ($)

Expenses for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$225,000$0$0
Contributions, gifts, grants, etc., received$225,000
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$140,335$0$0$138,500
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$1,835$0$0
Contributions, gifts, grants paid$138,500
Excess of revenue over expenses and disbursements$84,665
Net investment income$0
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$185,216$185,216
Cash - non-interest-bearing$185,216
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Total liabilities$0
Total liabilities and net assets/fund balances$185,216
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$0
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$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
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$95,745
Net value of noncharitable-use assets$94,300
Minimum investment return$4,715
Distributable Amount (for 2011)
Distributable amount$4,715
Undistributed Income (for 2011)
Distributable amount for 2011$4,715
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Taft Foundation1322 Se 17th St, Ft Lauderdale, FL 33316-1708FL2004-07$133,978,411
2Ted Arison Charitable Trust10800 Biscayne Blvd Ste 950, Miami, FL 33161-7495FL2003-04$42,882,085
3Ryan Family Foundation, Ryan Thomas M Et Al Ttee11027 Old Harbour Rd, N Palm Beach, FL 33408-3422FL2004-11$20,838,255
4Cherna Moskowitz Foundation1250 E Hallandale Bch Blvd Ste 1000, Halndle Bch, FL 33009-4636FL2011-09$17,238,826
5Wildflower Foundation IncC/O Lou Nostro 201 S Biscayne Blvd, Miami, FL 33131FL2009-09$14,444,240
6Vincent A Stabile Foundation, Stabile Vincent A Et Al Ttee1200 Gulfshore Blvd N, Naples, FL 34102-4910FL2002-04$12,117,028
7Godley Family Foundation830 A1a N Ste 13, Ponte Vedra, FL 32082-3290FL2012-11$10,477,242
8Theodore R & Vivian M Johnson Scholarship Foundation Inc505 S Flagler Dr Ste 1460, West Palm Bch, FL 33401-5952FL1998-09$9,902,847
9Fred And Mary Godley Family Foundation830 A1a N Ste 13, Ponte Vedra, FL 32082-3290FL2012-04$9,865,976
10Edward & Bethel Kean Charitable Foundation2000 Pga Blvd Ste 4410, N Palm Beach, FL 33408-2738FL2010-11$8,716,153
11Mary M Spencer And Sash A Spencer Foundation IncC/O Shutts Bowen Llp 201 S Biscayne, Miami, FL 33131FL2008-12$7,261,197
12Sidney Milton And Leoma Simon Foundation101 Plaza Real S Apt 930, Boca Raton, FL 33432-4852FL1999-01$7,166,682
13Lillian L Colby Charitable FoundationPO BOX 1908, Orlando, FL 32802-1908FL2012-05$6,641,197
14Thomas J Usher And Sandra L Usher Charitable Foundation, Usher Thomas J Ttee26124 Fawnwood Ct, Bonita Spgs, FL 34134-8690FL2000-03$6,298,920
15The Michael Cascone Jr And Elizabeth Belyea Cascone Fam Tr, Cascone Michael Jr Et Al Ttee2111 Corporate Square Blvd, Jacksonville, FL 32216-1919FL2004-10$6,202,499
16Lois Pope Life Foundation Inc6274 Linton Blvd Ste 103, Delray Beach, FL 33484-6508FL2011-02$5,823,700
17Virginia W Clark Tua Fdn Tr, 06-04-002-0863944PO BOX 40200, Jacksonville, FL 32203-0200FL2008-03$5,656,895
18Leo And Anne Albert Charitable Trust, Albert Anne Ttee1020 Crosspointe Dr, Naples, FL 34110-0918FL2007-12$5,615,132
19Wiegand Morning Star Foundation Incorporated3010 Grand Bay Blvd Unit 474, Longboat Key, FL 34228-4419FL2004-07$5,017,127
20Al & Char Hatfield Family Foundation222 Beach Rd Apt 10, Sarasota, FL 34242-3304FL2012-09$5,000,000
Number of organizations performing similar types of work
Alaska25
Alabama192
Arkansas70
Arizona288
California2,416
Colorado378
Connecticut382
District of Columbia106
Delaware539
Florida1,396
Georgia456
Hawaii80
Iowa165
Idaho53
Illinois1,024
Indiana284
Kansas148
Kentucky156
Louisiana146
Massachusetts669
Maryland401
Maine82
Michigan596
Minnesota362
Missouri307
Mississippi62
Montana62
North Carolina519
North Dakota20
Nebraska159
New Hampshire72
New Jersey843
New Mexico87
Nevada190
New York2,482
Ohio691
Oklahoma217
Oregon198
Pennsylvania1,160
Rhode Island172
South Carolina161
South Dakota27
Tennessee240
Texas1,146
Utah259
Virginia453
Vermont52
Washington359
Wisconsin355
West Virginia66
Wyoming57
International34
Total20,864

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