Joe And Missy Walsh Foundation in Potomac, 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
| Joe And Missy Walsh Foundation | |
| Employer Identification Number (EIN) | 010551686 |
| Name of Organization | Joe And Missy Walsh Foundation |
| In Care of Name | Cynthia Gorgoretti |
| Address | 11600 Partridge Run Ln, Potomac, MD 20854-1218 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $845,289 |
| Amount of Income | $247,968 |
| Form 990 Revenue Amount | $69,320 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $29,271 | $29,271 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $20,532 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $8,739 | |||
| Total expenses and disbursements | $41,926 | $0 | $0 | $41,926 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $426 | $0 | $426 | |
| Contributions, gifts, grants paid | $41,500 | |||
| Excess of revenue over expenses and disbursements | $-12,655 | |||
| Net investment income | $29,271 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $831,683 | $857,956 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $789,690 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $41,993 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $831,683 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $8,739 |
| 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 | $585 |
| Total credits and payments | $1,411 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,411 |
| 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 |
| Tax due | $0 |
| Overpayment | $826 |
| Amount to be credited to 2013 estimated tax | $826 |
| 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 | $903,180 |
| Net value of noncharitable-use assets | $889,640 |
| Minimum investment return | $44,482 |
| Distributable Amount (for 2012) | |
| Distributable amount | $43,897 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $43,897 |
| 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 | Joan And Marshall Cutler Family Foundation Inc | 6713 Arroyo Ct, N Bethesda, MD 20852-3603 | MD | 1997-02 | $6,557 |
| 2 | Joan G & Joseph Klein Jr Foundation Inc | 101 W Mount Royal Ave, Baltimore, MD 21201-5708 | MD | 1997-08 | $7,090 |
| 3 | Joan W Jenkins Foundation | PO BOX 572, Ocean City, MD 21843-0572 | MD | 1987-07 | $258,907 |
| 4 | Joanne Rockwell Memorial House | 301 N Broadway, Baltimore, MD 21231-1101 | MD | 1986-01 | $204,226 |
| 5 | Job Opportunities Task Force Inc | 111 Water St Ste 201, Baltimore, MD 21202-1066 | MD | 2001-02 | $2,527,629 |
| 6 | Jobs Daughters International, Grand Guardian Council | 9726 Wyman Way, Uppr Marlboro, MD 20772-4658 | MD | 2001-04 | $81,838 |
| 7 | Jobs Housing & Recovery Inc | 3914 Vero Rd, Baltimore, MD 21227-1510 | MD | 2002-05 | $3,125,455 |
| 8 | Jobs Unlimited Inc | 15130 Frederick Rd, Rockville, MD 20850-1108 | MD | 1992-02 | $892,459 |
| 9 | Jocelyn Sara Glassman Scholarship & Endowment Fund Inc | 1403 Highview Dr, Lutherville, MD 21093-3512 | MD | 1985-12 | $9,207 |
| 10 | Joden Foundation Inc | 10411 Motor City Dr Ste 500, Bethesda, MD 20817-1005 | MD | 1990-11 | $1 |
| 11 | Joe And Missy Walsh Foundation | 11600 Partridge Run Ln, Potomac, MD 20854-1218 | MD | 2002-05 | $247,968 |
| 12 | Joe Corbi Foundation Inc | 3 Fannies Meadow Ct, Westminster, MD 21158-4406 | MD | 2002-11 | $40,223 |
| 13 | Joe Davies Scholarship Foundation | 4600 Ew Hwy, Bethesda, MD 20814-3415 | MD | 1956-04 | $129,030 |
| 14 | Joel Dean Foundation Inc | 7422 Hampden Ln, Bethesda, MD 20814-1366 | MD | 1957-07 | $331,951 |
| 15 | Joey A Miller Foundation Inc | 45220 Flintlock Ct, Hollywood, MD 20636-2860 | MD | 2005-02 | $100 |
| 16 | Johmins Community Health Resources Inc | 6010 Woodcrest Ave, Baltimore, MD 21209-4009 | MD | 1991-07 | $550 |
| 17 | John & Maureen Hendricks Charitable Foundation, Hendricks John S & Maureen D Ttees | 8484 Georgia Avenue, Silver Spring, MD 20910-5604 | MD | 2001-04 | $2,954,638 |
| 18 | John Alkire Scholarship Fund | 15417 Shamrock Rd Sw, Cumberland, MD 21502-5842 | MD | 2005-03 | $30,608 |
| 19 | John And Carol Staub Foundation | 8805 Reichard Rd, Fairplay, MD 21733-1138 | MD | 2002-03 | $4,986 |
| 20 | The John C Davison Family Charitable Foundation Inc | 1233 W Mount Royal Ave, Baltimore, MD 21217-4176 | MD | 2001-05 | $46,789 |
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