Charl Ormond Williams Foundation in Capon Bridge, West Virginia (WV)
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 West Virginia
| Charl Ormond Williams Foundation | |
| Employer Identification Number (EIN) | 237089442 |
| Name of Organization | Charl Ormond Williams Foundation |
| In Care of Name | Glenn L Archer Jr |
| Address | PO BOX 456, Capon Bridge, WV 26711-0456 |
| Activities | Other school related activities, Publishing activities |
| Subsection | Educational Organization |
| Ruling Date | 08/1973 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $100,000 to $499,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $478,526 |
| Amount of Income | $625,077 |
| Form 990 Revenue Amount | $-1,248 |
Non-representatives - add comments:
Expenses for 2011
Assets 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 | $-1,248 | $10,012 | $9,998 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $36 | |||
| Dividends and interest from securities | $9,962 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $39,314 | $6,521 | $0 | $31,053 |
| Compensation of officers, directors, trustees, etc. | $6,000 | |||
| Total operating and administrative expenses | $14,314 | $6,521 | $6,053 | |
| Contributions, gifts, grants paid | $25,000 | |||
| Excess of revenue over expenses and disbursements | $-40,562 | |||
| Net investment income | $3,491 | |||
| Adjusted net income | $9,998 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $478,526 | $461,946 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $397,600 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $46,520 | |
| Other | $34,406 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $478,526 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-11,246 |
| 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 | $70 |
| Total credits and payments | $434 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $434 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $364 |
| Amount to be credited to 2012 estimated tax | $364 |
| 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 | $449,329 |
| Net value of noncharitable-use assets | $442,580 |
| Minimum investment return | $22,129 |
| Distributable Amount (for 2011) | |
| Distributable amount | $22,059 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $22,059 |
| 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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| Other organizations in West Virginia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ceredo Beautification Corp | PO BOX 1008, Ceredo, WV 25507-1008 | WV | 1974-06 | $30,011 |
| 2 | Ceredo Kenova Community Center Inc | PO BOX 724, Ceredo, WV 25507-0724 | WV | 1991-08 | $231,377 |
| 3 | Ceredo Volunteer Fire Department Inc | PO BOX 1119, Ceredo, WV 25507-1119 | WV | 2005-09 | $347,241 |
| 4 | Chain Breakers | 2301 Falcon Dr, Charleston, WV 25312 | WV | 2005-03 | $59,686 |
| 5 | Chamberlain Home School Assocation | 4901 Venable Ave, Charleston, WV 25304 | WV | 1993-02 | $0 |
| 6 | Chanticleer Childrens Chorus Of West Virginia Inc | PO BOX 871, Bridgeport, WV 26330-0871 | WV | 1995-03 | $37,916 |
| 7 | Disabled American Veterans, 6 Parkersburg | 524 Green St, Parkersburg, WV 26101-5131 | WV | 1942-06 | $181,278 |
| 8 | Charan Kaur And Amar Kaur Charitable Foundation Inc | PO BOX 2238, Weirton, WV 26062-1438 | WV | 1993-01 | $33,535 |
| 9 | Charities Inc Wheeling-28 | PO BOX 6489, Wheeling, WV 26003-0811 | WV | 1964-02 | $4,893 |
| 10 | Charity And Justice Foundation Inc | 123 Thornwood Dr, Berkeley Spgs, WV 25411-6062 | WV | 2002-11 | $1 |
| 11 | Charl Ormond Williams Foundation | PO BOX 456, Capon Bridge, WV 26711-0456 | WV | 1973-08 | $625,077 |
| 12 | Charles E Hendrixson Jr Char Tr Fbo Penn State Univ Wvu Foundation | PO BOX 1793, Charleston, WV 25326-1793 | WV | 1996-03 | $92,267 |
| 13 | Charles H Feoppel Education Loan Trust | PO BOX 633, Charleston, WV 25322-0633 | WV | 1989-09 | $884,940 |
| 14 | Charles L & Anna N Gault Scholarship Fund | 514 Market St, Parkersburg, WV 26101-5144 | WV | 1985-12 | $334,172 |
| 15 | Charles L Cruise Tr 121660 Uw Fbo Trinity Church Flat Top National B | PO BOX 950, Bluefield, WV 24701-0950 | WV | 1981-07 | $4,237 |
| 16 | Charles L Cruise Tr Uw Fbo Bluefield College 121859 | PO BOX 950, Bluefield, WV 24701-0950 | WV | 1981-07 | $16,444 |
| 17 | Charles Mccamic Foundation Tr Uw Art 4-D | 1 Bank Plz, Wheeling, WV 26003-3543 | WV | $12,952 | |
| 18 | Charles Town Health Right Inc, Eastern Panhandle Care Clinic | 1212 N Mildred St, Ranson, WV 25438-5552 | WV | 2001-04 | $3,600,362 |
| 19 | Charles Town Horsemens Assistance Fund Inc | PO BOX 581, Charles Town, WV 25414-0581 | WV | 1969-03 | $66,363 |
| 20 | Charles Town Lodge 948 Loyal Order Of Moose, 948 | PO BOX 516, Charles Town, WV 25414-0516 | WV | 1935-08 | $853,576 |


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