B & J Jorgensen Education Foundation Inc in Buckeystown, Maryland (MD)
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
| B & J Jorgensen Education Foundation Inc | |
| Employer Identification Number (EIN) | 521938733 |
| Name of Organization | B & J Jorgensen Education Foundation Inc |
| Address | 3735 Buckeystown Pike, Buckeystown, MD 21717 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 04/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $92 |
| Amount of Income | $1,325 |
| Form 990 Revenue Amount | $1,325 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2011: $1,325 (it was $8,676 in 2009)
| This organization: | $1,325 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2011: $92 (it was $417 in 2009)
| This organization: | $92 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2011: $1,650
| This organization: | $1,650 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2011: 0.8
| B & J Jorgensen Education Foundation Inc: | 0.8 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2011: 100.0%
| B & J Jorgensen Education Foundation Inc: | 100.0% |
| Other organizations performing similar types of work: | 0.1% |
Expenses for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1,325 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $1,325 | |||
| 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 | $1,650 | $0 | $0 | $1,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $650 | $0 | $0 | |
| Contributions, gifts, grants paid | $1,000 | |||
| Excess of revenue over expenses and disbursements | $-325 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $92 | $92 |
| Cash - non-interest-bearing | $92 | |
| 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 | $92 | |
| 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 | $92 |
| Net value of noncharitable-use assets | $100 |
| Minimum investment return | $5 |
| Distributable Amount (for 2011) | |
| Distributable amount | $5 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $5 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | Somerset Community Services Inc | PO BOX 18, Marion, MD 21838-0018 | MD | 1995-01 | $12,507,370 |
| 3 | The Carroll Community College Foundation Inc | 1601 Washington Rd, Westminster, MD 21157-6944 | MD | 1995-03 | $3,797,834 |
| 4 | Seabee Memorial Scholarship Association Inc | PO BOX 6574, Silver Spring, MD 20916-6574 | MD | 1971-01 | $1,018,721 |
| 5 | The Us Silica Company Education Foundation | 8490 Progress Dr Ste 300, Frederick, MD 21701-4996 | MD | 1998-10 | $28,000 |
| 6 | The Womans Club Of Linthicum Heights Inc | PO BOX 301, Linthicum Hts, MD 21090-0301 | MD | 1991-07 | $24,510 |
| 7 | School Psychologist Advancement Of Minorities Inc | 5001 Hillen Rd, Baltimore, MD 21239-3601 | MD | 1995-01 | $21,725 |
| 8 | T H A T Foundation | 2981b Symphony Ln, Huntingtown, MD 20639 | MD | 1997-06 | $13,638 |
| 9 | Tomorrow Scholarship Fund Tr | 16900 Annandale Rd, Emmitsburg, MD 21727-9441 | MD | 1998-08 | $1,154 |
| 10 | The Nat Saks Charitable Foundation Inc | 4307 Clagett Rd, University Pa, MD 20782-1140 | MD | 1995-01 | $182 |
| 11 | Bethesda Chevy Chase Iwla Endowment Inc | PO BOX 354, Poolesville, MD 20837 | MD | 1991-10 | $0 |
| 12 | Blues Alley Music Society Inc | 357 Overlook Dr, Lusby, MD 20657-3204 | MD | 1986-06 | $0 |
| 13 | Columbia Sportsmen Association Inc | 6904 Kilrain Ct, Columbia, MD 21045-5328 | MD | 1995-07 | $0 |
| 14 | Cross Cultures Community Center Inc | 6711 Farmer Drive, Fort Washington, MD 20744 | MD | 1998-07 | $0 |
| 15 | Dillonites Inc | PO BOX 6943, Baltimore, MD 21216-0943 | MD | 1989-04 | $0 |
| 16 | Donnie Hammond Scholarship Fund Inc | PO BOX 518, Frederick, MD 21705-0518 | MD | 1990-11 | $0 |
| 17 | Elliott Cryor Committee Center Inc | 1209 W Fayette St, Baltimore, MD 21223-1936 | MD | 1998-05 | $0 |
| 18 | Friends Of Peru Ltd | 5800 Plainview Rd, Bethesda, MD 20817 | MD | 1991-09 | $0 |
| 19 | Gamma Chi Educational Foundation Inc | 3192 River Valley Chase, W Friendship, MD 21794-9542 | MD | 1997-10 | $0 |
| 20 | Geronimo Corporation Inc | PO BOX 711, Manchester, MD 21102-0711 | MD | 1997-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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