Gethmann Foundation in Gladbrook, Iowa (IA)
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 Iowa
| Gethmann Foundation | |
| Employer Identification Number (EIN) | 426063299 |
| Name of Organization | Gethmann Foundation |
| In Care of Name | Jack B Gethmann |
| Address | PO BOX 220, Gladbrook, IA 50635-0220 |
| Activities | Community Chest, United Way, etc., School, college, trade school, etc., Endowment fund or financial services |
| Subsection | Charitable Organization |
| Ruling Date | 03/1959 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $544,776 |
| Amount of Income | $96,367 |
| Form 990 Revenue Amount | $101,127 |
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 | $62,710 | $12,791 | $12,791 | |
| Contributions, gifts, grants, etc., received | $50,000 | |||
| Interest on savings and temporary cash investments | $285 | |||
| Dividends and interest from securities | $12,506 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $42,333 | $5,478 | $0 | $36,655 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,678 | $5,478 | $0 | |
| Contributions, gifts, grants paid | $36,655 | |||
| Excess of revenue over expenses and disbursements | $20,377 | |||
| Net investment income | $7,313 | |||
| Adjusted net income | $12,791 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $511,662 | $524,147 |
| Cash - non-interest-bearing | $4,954 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $506,708 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $511,662 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-81 |
| 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 | $146 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $146 |
| 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 | $383,338 |
| Net value of noncharitable-use assets | $377,580 |
| Minimum investment return | $18,879 |
| Distributable Amount (for 2012) | |
| Distributable amount | $18,733 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $18,733 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| 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 Iowa | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | George M Cromer Scholarship Fund | PO BOX 260, Dewitt, IA 52742-0260 | IA | 1988-11 | $7,712 |
| 2 | George N Wernimont Educational Fund | 18842 Noble Ave, Carroll, IA 51401-8891 | IA | 1976-06 | $590,494 |
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| 4 | George S & Grace A Jay Memorial Trust | 612 1/2 Sheridan Ave Box 57, Shenandoah, IA 51601-1708 | IA | 1963-04 | $167,000 |
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| 6 | Gerald Hugh Mike Anderson Memorial Fund | 100 East Park Ave, Waterloo, IA 50703-4618 | IA | 2004-06 | $31,079 |
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| 9 | German American Heritage Center | 712 W 2nd St, Davenport, IA 52802-1410 | IA | 1995-04 | $617,731 |
| 10 | German Pilgrim Congreational Cemetery Assoc | 100 West 12th St, Dubuque, IA 52001 | IA | $0 | |
| 11 | Gethmann Foundation | PO BOX 220, Gladbrook, IA 50635-0220 | IA | 1959-03 | $96,367 |
| 12 | Gevock Foundation Inc | 1494 Trail Bend Dr Nw, Swisher, IA 52338-9567 | IA | 1983-06 | $3,751 |
| 13 | Gilbert Athletic Booster Club | PO BOX 41, Gilbert, IA 50105-0041 | IA | 2005-08 | $346,114 |
| 14 | Gilbert Education Foundation | 103 Mathews Dr, Gilbert, IA 50105-1017 | IA | 1994-09 | $286,398 |
| 15 | Gilchrist Foundation | PO BOX 147, Sioux City, IA 51102-0147 | IA | 1999-11 | $16,643,019 |
| 16 | Gildas Club Quad Cities | 1234 E River Dr, Davenport, IA 52803-5742 | IA | 1996-04 | $707,434 |
| 17 | Gilmore City Housing Corporation | PO BOX 476, Algona, IA 50511-0476 | IA | 1977-01 | $66,588 |
| 18 | Gilmore City Public Library Tr | 308 S Main St, Gilmore City, IA 50541 | IA | 1995-09 | $0 |
| 19 | Fraternal Order Of Eagles, 3891 Aerie | 2659 120th St, Rock Rapids, IA 51246-4008 | IA | 1991-08 | $174,172 |
| 20 | Global Way Makers | 855 Wright Brothers Blvd Sw, Cedar Rapids, IA 52404-9085 | IA | 2012-11 | $211,650 |
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