Libman Family Foundation Inc in Baltimore, Maryland (MD)
Table of contents:
| Libman Family Foundation Inc | |
| Employer Identification Number (EIN) | 208572565 |
| Name of Organization | Libman Family Foundation Inc |
| In Care of Name | The Associated |
| Address | 101 W Mount Royal Ave, Baltimore, MD 21201-5708 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $116,795 |
| Amount of Income | $107,212 |
| Form 990 Revenue Amount | $107,212 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $107,212 (it was $24,397 in 2012)
| This organization: | $107,212 |
| Other organizations performing similar types of work: | $147,540 |
Assets in 2013: $116,795 (it was $6,782 in 2012)
| This organization: | $116,795 |
| Other organizations performing similar types of work: | $421,265 |
Expenses in 2013: $108
| Libman Family Foundation Inc: | $108 |
| Other organizations performing similar types of work: | $65,955 |
Income to expenses ratio in 2013: 992.7
| Libman Family Foundation Inc: | 992.7 |
| Other organizations performing similar types of work: | 12.1 |
Grants share in income in 2013: 99.8%
| Libman Family Foundation Inc: | 99.8% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $88 | $24,397 | $107,212 |
| Contributions, gifts, grants, and similar amounts received | $0 | $23,000 | $106,955 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $18 | $35 | $248 |
| Gain/Loss from sale of assets other than inventory | $70 | $1,362 | $9 |
| Gross amount from sale of assets other than inventory | $70 | $1,362 | $9 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $50 | $23,184 | $108 |
| Total net assets | $4,412 | $6,782 | $116,795 |
| Excess/Deficit for the year | $38 | $1,213 | $107,104 |
| Net assets or fund balances at beginning of year | $4,498 | $4,412 | $6,782 |
| Other changes in net assets or fund balances | $-124 | $1,157 | $2,909 |
| Net assets or fund balances at end of year | $6,782 | $116,795 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $4,412 | $6,782 | $116,795 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $4,412 | $6,782 | $116,795 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | United States Fund For Unicef In Kind Assistance Corporation | 125 Maiden Lane, New York, NY 10038-4912 | NY | 2005-11 | $155,471,904 |
| 2 | Tigers Unlimited Foundation | PO BOX 351, Auburn, AL 36831-0351 | AL | 2004-02 | $45,768,295 |
| 3 | Baltimore City Foundation Inc | 10 N Calvert Street, Baltimore, MD 21202-1820 | MD | 1981-07 | $3,559,808 |
| 4 | Goodwill Works Of The Chesapeake Inc | 222 E Redwood St, Baltimore, MD 21202-3312 | MD | 2007-10 | $2,792,071 |
| 5 | Samuel G Gorn And Margaret A Gorn Ffund Inc | 101 W Mt Royal Ave, Baltimore, MD 21201-5708 | MD | 2007-04 | $2,646,342 |
| 6 | The Richman Family Foundation Inc | 101 W Mount Royal Ave, Baltimore, MD 21201-5708 | MD | 1994-12 | $2,489,754 |
| 7 | Ginger Cove Foundation Inc | 4000 River Crescent Dr, Annapolis, MD 21401-7721 | MD | 2003-03 | $1,785,898 |
| 8 | Fund For Change Inc | 101 W Mount Royal Ave, Baltimore, MD 21201-5708 | MD | 1999-09 | $1,119,471 |
| 9 | Dancel Fam Foundation Tr, Dancel Bernaldo Et Al Ttee | 8930 Stanford Blvd, Columbia, MD 21045-5805 | MD | 2002-03 | $885,544 |
| 10 | Sholk-Kaplan Family Foundation Inc | 101 W Mount Royal Ave, Baltimore, MD 21201-5708 | MD | 2012-07 | $430,000 |
| 11 | Macadoo Family Foundation Inc | 101 W Mount Royal Ave, Baltimore, MD 21201-5708 | MD | 2014-07 | $400,586 |
| 12 | J Norman & Margaret J Reeves Private Foundation | PO BOX 557, Oakland, MD 21550-4557 | MD | 2010-02 | $336,725 |
| 13 | Baltimore Jewish Eldercare Foundation Inc | 2401 West Belvedere Avenue, Baltimore, MD 21215-5216 | MD | 2002-01 | $245,319 |
| 14 | David A Lebrun Memorial Fund Inc | 569 Biggs Hwy, Rising Sun, MD 21911-2238 | MD | 2014-09 | $11,096 |
| 15 | All The Love | 12138 Central Avenue Ste 516, Mitchellville, MD 20721 | MD | 2014-08 | $0 |
| 16 | Foundation For The Fcc Fund Inc | 7932 Opossumtown Pike, Frederick, MD 21702-2964 | MD | 1999-11 | $0 |
| 17 | Foundation Services Inc | 33 West Franklin Street, Hagerstown, MD 21740-4832 | MD | 2006-02 | $0 |
| 18 | Jhb - Hope Foundation | 7710 Windsor Mill Rd, Baltimore, MD 21244-2037 | MD | 2010-04 | $0 |
| 19 | National 4-H Foundation For Innovation Inc | 7100 Connecticut Ave, Chevy Chase, MD 20815-4934 | MD | 2001-09 | $0 |
| 20 | The Tower Foundation Inc | 500 W Baltimore St Ste 454, Baltimore, MD 21201-1701 | MD | 2006-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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