Joel F Gemunder Foundation, Gemunder Joel F Ttee in Fernandina, Florida (FL)

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Joel F Gemunder Foundation, Gemunder Joel F Ttee
Employer Identification Number (EIN)311534042
Name of OrganizationJoel F Gemunder Foundation
Secondary NameGemunder Joel F Ttee
In Care of NameFifth Third Bank Agent
Address35 Canvasback Rd, Fernandina, FL 32034-6623
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date10/1997
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Tax Period12/2012
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$29,637,264
Amount of Income$19,449,768
Form 990 Revenue Amount$19,862,097
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations

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Amount of income in 2012: $19,449,768 (it was $19,862,097 in 2011)
This organization: 

Other organizations performing similar types of work: 


Assets in 2012: $29,637,264 (it was $22,022,662 in 2011)
Joel F Gemunder Foundation, Gemunder Joel F Ttee: 

Other organizations performing similar types of work: 


Expenses in 2012: $503,234
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2012: 38.6
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

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$8,881,911$8,877,963$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$30,899
Dividends and interest from securities$233,870
Gross rents$-2,184
Gross profit from sales of goods$0
Other income$-66,216
Total expenses and disbursements$503,234$44,819$0$458,415
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$61,239$44,819$16,420
Contributions, gifts, grants paid$441,995
Excess of revenue over expenses and disbursements$8,378,677
Net investment income$8,833,144
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$29,637,264$30,162,272
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$6,457,643
Investments-corporate bonds$0
Investments-mortgage loans$0
Total liabilities$0
Total liabilities and net assets/fund balances$29,637,264
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$8,685,542
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$176,663
Total credits and payments$186,148
2012 estimated tax payments and 2011 overpayment credited to 2012$1,148
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$185,000
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Amount to be credited to 2013 estimated tax$9,485
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$29,968,914
Net value of noncharitable-use assets$29,519,380
Minimum investment return$1,475,969
Distributable Amount (for 2012)
Distributable amount$1,299,306
Undistributed Income (for 2012)
Distributable amount for 2012$1,299,306
Undistributed income for 2012. This amount must be distributed in 2013$1,214,533
Private Operating Foundations (for 2012)
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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Number of organizations performing similar types of work
District of Columbia19
North Carolina122
North Dakota2
New Hampshire11
New Jersey112
New Mexico4
New York230
Rhode Island22
South Carolina27
South Dakota2
West Virginia16
Total2,744 is not associated with, endorsed by, or sponsored by Joel F Gemunder Foundation, Gemunder Joel F Ttee and has no official or unofficial affiliation with Joel F Gemunder Foundation, Gemunder Joel F Ttee