Israel Family Foundation Inc in Royal Oak, 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
- Other organizations in Maryland
| Israel Family Foundation Inc | |
| Employer Identification Number (EIN) | 521531308 |
| Name of Organization | Israel Family Foundation Inc |
| In Care of Name | B D O Seidman |
| Address | PO BOX 69, Royal Oak, MD 21662-0069 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 11/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $58,381 |
| Amount of Income | $68,469 |
| Form 990 Revenue Amount | $4,798 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $35,385 | $9,385 | $0 | |
| Contributions, gifts, grants, etc., received | $26,000 | |||
| Interest on savings and temporary cash investments | $1 | |||
| Dividends and interest from securities | $1,639 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $7,745 | |||
| Total expenses and disbursements | $76,662 | $1,215 | $0 | $75,452 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,843 | $1,215 | $633 | |
| Contributions, gifts, grants paid | $74,819 | |||
| Excess of revenue over expenses and disbursements | $-41,277 | |||
| Net investment income | $8,170 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $88,466 | $88,466 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $88,466 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $88,466 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $7,745 |
| 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 | $82 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $82 |
| 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 | $122,115 |
| Net value of noncharitable-use assets | $120,280 |
| Minimum investment return | $6,014 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5,932 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5,932 |
| 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 Maryland | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Islamic Education Center Inc | 7917 Montrose Rd, Potomac, MD 20854-3360 | MD | 1988-04 | $541,719 |
| 2 | Islamic Research & Humanitarian Services Center Inc | 1 Chamber Ave, Capitol Hgts, MD 20743-6216 | MD | 2003-04 | $49,715 |
| 3 | Islamic Service Mission Inc | PO BOX 4543, Silver Spring, MD 20914-4543 | MD | 1990-08 | $15,438 |
| 4 | Islamic Society Of Maryland Inc | PO BOX 452, Timonium, MD 21094 | MD | 1991-10 | $0 |
| 5 | Islamic-American Zakat Foundation | 4323 Rosedale Ave, Bethesda, MD 20814-4750 | MD | 1986-02 | $201,580 |
| 6 | Island Dog Incorporated | Po Box 44433, Baltimore, MD 21236 | MD | 2007-04 | $119,709 |
| 7 | Island Excursions Childrens Maritime Foundation Ltd | 17707 Mount Savage Rd Nw, Frostburg, MD 21532-3031 | MD | 2003-06 | $10,816 |
| 8 | Island Gymnastics Parents Organization | 202 Vfw Ave, Grasonville, MD 21638-1055 | MD | 2004-08 | $8,304 |
| 9 | Israel & Mollie Myers Foundation | 3635 Old Court Rd Ste 207, Baltimore, MD 21208-3906 | MD | 1983-12 | $1,266,695 |
| 10 | Israel Bible Museum Inc | Local, Germantown, MD 20876 | MD | 1994-12 | $96,301 |
| 11 | Israel Family Foundation Inc | PO BOX 69, Royal Oak, MD 21662-0069 | MD | $68,469 | |
| 12 | Israelson Family Foundation Inc | 409 Washington Ave Ste 900, Towson, MD 21204-4905 | MD | 2000-10 | $391,622 |
| 13 | Italian Cultural Center Inc | 19 E Fayette St, Baltimore, MD 21202-6420 | MD | 1999-10 | $27,098 |
| 14 | Italian Cultural Society | 4827 Rugby Ave Ste 301, Bethesda, MD 20814-3072 | MD | 1979-05 | $221,117 |
| 15 | Itineris Foundation, If | 2201 Old Court Rd - Lower Level, Baltimore, MD 21208-3420 | MD | 2008-12 | $211,560 |
| 16 | Itineris Inc | 2050a Rockrose Ave, Baltimore, MD 21211 | MD | 2008-12 | $725,479 |
| 17 | Its All About The Kids-Maryland Inc | 759 215th St, Pasadena, MD 21122-1369 | MD | 2004-12 | $497,723 |
| 18 | Its Yours For Free - Really | 12801 Old Columbia Pike Apt 212, Silver Spring, MD 20904 | MD | 2008-08 | $0 |
| 19 | Iul Smithville School Museum And Education Center | 811 E Randolph Rd, Silver Spring, MD 20904-3213 | MD | 2010-03 | $20,821 |
| 20 | Ivey League Learning Centers Inc | 1010 E 43rd St, Baltimore, MD 21212-4911 | MD | 1990-06 | $524,528 |
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