The@chalmette Cultural Arts Foundation in Chalmette, Louisiana (LA)
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
- Organizations performing similar types of work
| The@chalmette Cultural Arts Foundation | |
| Employer Identification Number (EIN) | 260882923 |
| Name of Organization | The@chalmette Cultural Arts Foundation |
| In Care of Name | Albert J Carey Jr |
| Address | 200 E St Bernard Hwy, Chalmette, LA 70043-5162 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $828,613 |
| Amount of Income | $28,210 |
| Form 990 Revenue Amount | $104,998 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $28,210 (it was $104,998 in 2011)
| This organization: | $28,210 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2012: $828,613 (it was $842,403 in 2011)
| This organization: | $828,613 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $42,000
| The@chalmette Cultural Arts Foundation: | $42,000 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 0.7
| The@chalmette Cultural Arts Foundation: | 0.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 79.6% |
Revenue 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 | $28,210 | $28,210 | $28,210 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $17 | |||
| Dividends and interest from securities | $28,193 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $42,000 | $0 | $0 | $42,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $42,000 | |||
| Excess of revenue over expenses and disbursements | $-13,790 | |||
| Net investment income | $28,210 | |||
| Adjusted net income | $28,210 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $828,613 | $828,613 |
| Cash - non-interest-bearing | $9,672 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $818,941 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $828,613 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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 | $828,613 |
| Net value of noncharitable-use assets | $816,180 |
| Minimum investment return | $40,809 |
| Distributable Amount (for 2012) | |
| Distributable amount | $40,809 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $40,809 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $40,297 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Union General Hospital | PO BOX 398, Farmerville, LA 71241-0398 | LA | 1984-08 | $14,806,697 |
| 2 | Leo W Seal United Methodist Church Trust | 228 St Charles Ave 2nd Fl Trust, New Orleans, LA 70130-2601 | LA | 2011-07 | $10,920,981 |
| 3 | Mulder Charitable Trust | PO BOX 1848, Alexandria, LA 71309-1848 | LA | 2013-02 | $5,778,525 |
| 4 | Ruth U Fertel Foundation | 1010 Common St Ste 1810, New Orleans, LA 70112-2412 | LA | 2002-07 | $2,920,520 |
| 5 | The Build Now Foundation Inc | 2372 Saint Claude Ave Ste 270, New Orleans, LA 70117-8393 | LA | 2000-09 | $2,591,537 |
| 6 | William Edwin Montan Charitable Tr | PO BOX 61540, New Orleans, LA 70161-1540 | LA | 2006-11 | $1,942,468 |
| 7 | The Edward L Rispone Family Foundation | 18250 S Mission Hills Ave, Baton Rouge, LA 70810-7974 | LA | 2000-07 | $1,666,721 |
| 8 | Robert E Zetzmann Family Foundation | 326 Dorrington Blvd, Metairie, LA 70005-3816 | LA | 2002-03 | $1,599,210 |
| 9 | The Fritz Lang Foundation | PO BOX 6300, Lake Charles, LA 70606-6300 | LA | 1996-03 | $1,573,573 |
| 10 | Wendell And Anne Gauthier Family Foundation | 730 Copal St, Mandeville, LA 70448-4510 | LA | 2003-02 | $1,460,514 |
| 11 | Showers Of Blessings Foundation | 12315 Morgan Meadow Ave, Baton Rouge, LA 70818-3924 | LA | 2012-08 | $1,079,562 |
| 12 | Chaparral Foundation Charitable Trust, Regions Bank Ttee | 333 Texas St Ste 1250, Shreveport, LA 71101-3676 | LA | 2010-04 | $761,319 |
| 13 | James D Moncus Family Foundation | 211 Meridian Ave, Lafayette, LA 70508-7234 | LA | 2009-10 | $732,996 |
| 14 | Salutare Deum Foundation | 817 Hickory Ave, Harahan, LA 70123-3110 | LA | 2008-03 | $662,284 |
| 15 | Rucks Family Foundation | 600 Jefferson St Ste 701 # 11, Lafayette, LA 70501-8921 | LA | 2001-11 | $537,674 |
| 16 | The Oliver G Richard Iii And Donna Guzman Richard Family Charitable | 1301 Shell Beach Dr, Lake Charles, LA 70601-5653 | LA | 2001-11 | $419,586 |
| 17 | Salsbury Foundation | 671 River Highlands Blvd, Covington, LA 70433-8987 | LA | 2010-06 | $348,275 |
| 18 | Billy & Clara Mosing Foundation | 115 Wembley Rd, Lafayette, LA 70503-3568 | LA | 2011-05 | $291,810 |
| 19 | The@rosemary Ewing Foundation, Ewing Randy Ttee | 923 N Trenton St, Ruston, LA 71270-3327 | LA | 2005-11 | $213,778 |
| 20 | Roy And M Permenter Charitable Tr | PO BOX 61540, New Orleans, LA 70161-1540 | LA | 2002-04 | $206,919 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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