Spm Foundation Inc in Bethesda, Maryland (MD)

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Spm Foundation Inc
Employer Identification Number (EIN)522038980
Name of OrganizationSpm Foundation Inc
In Care of NameSuzanne P Murphy
Address8300 Burdette Rd, Bethesda, MD 20817-2801
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date10/1997
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$7,094,180
Amount of Income$1,208,911
Form 990 Revenue Amount$823,984
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations

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Amount of income in 2013: $1,208,911 (it was $2,221,087 in 2012)
This organization: 

Other organizations performing similar types of work: 


Assets in 2013: $7,094,180 (it was $6,197,010 in 2012)
Spm Foundation Inc: 

Other organizations performing similar types of work: 


Expenses in 2013: $429,340
Spm Foundation Inc: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 2.8
Spm Foundation Inc: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 0.0%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$502,354$502,354$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$2,643
Dividends and interest from securities$170,582
Gross rents$0
Gross sales price for all assets$1,036,058
Gross profit from sales of goods$0
Other income$-372
Total expenses and disbursements$429,340$32,006$0$392,500
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$8,938
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$36,840$32,006$0
Contributions, gifts, grants paid$392,500
Excess of revenue over expenses and disbursements$73,014
Net investment income$470,348
Adjusted net income$0
Balance Sheets
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$6,503,690$6,503,690$6,197,010$6,197,010$7,094,180$7,094,180
Cash - non-interest-bearing$642,853$347,343$594,637
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$4,987,588$5,659,564$5,798,182
Investments-corporate bonds$703,349$254,221$768,016
Investments-mortgage loans$0$0$0
Other assets$-64,118$-66,655
Total liabilities$0$13,365$24,765
Mortgages and other notes payable$0$0$0
Other liabilities$13,365$24,765
Total liabilities and net assets/fund balances$6,503,690$6,183,645$7,069,415
Capital Gains and Losses for Tax on Investment Income
Capital gain net income$692,359$404,668$329,501
Net capital loss$0$0$0
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$16,476$5,449$9,407
Total credits and payments$0$8,240$5,480
Current year estimated tax payments and previous year's overpayment credited to current year$0$8,240$5,480
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$400$23$0
Tax due$0$3,927
Amount to be credited to next year's estimated tax$0$2,768$0
Statements Regarding Activities
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?YesNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$6,743,456$6,763,140$7,053,006
Net value of noncharitable-use assets$6,661,693$6,947,211
Minimum investment return$332,115$333,085$347,361
Distributable Amount
Distributable amount$315,639$327,636$337,954
Undistributed Income
Distributable amount for this year$315,639$327,636$337,954
Undistributed income for this year. This amount must be distributed in the next year$315,639$0$0
Private Operating Foundations (for 2010 - 2013)
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$2,643
Dividends and interest from securities$0$170,582
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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IdNameAddressStateEstablishedTotal Income
1The George L Shields Foundation Inc11140 Rockville Pike Ste 620, Rockville, MD 20852-3117MD1995-03$13,567,568
2Sid And Mary Foulger Foundation Inc9600 Blackwell Rd, Rockville, MD 20850-3655MD1998-06$5,744,893
3Salisbury Family Foundation Inc300 E Lombard St Ste 620, Baltimore, MD 21202-3227MD1996-12$3,810,625
4The Cole Foundation Inc2106 Lippizan Ct, Fallston, MD 21047-1627MD1995-08$2,090,377
5Tom & Glory Sullivan Foundation Inc11216 River View Dr, Potomac, MD 20854-1568MD1995-11$1,282,459
6The@herbert N Gundersheimer Foundation Inc201 North Charles Street, Baltimore, MD 21201-4102MD1998-01$1,239,298
7Spm Foundation Inc8300 Burdette Rd, Bethesda, MD 20817-2801MD1997-10$1,208,911
8The Nancy Peery Marriott Foundation Inc10400 Fernwood Rd Dept 901, Bethesda, MD 20817-1102MD1996-12$1,207,962
9Sami And Annie Totah Family Foundation, Totah Sami Ttee8611 2nd Ave Ste 3a, Silver Spring, MD 20910-3372MD1998-03$1,035,133
10The Adams Charitable Foundation Inc11049 Seven Hill Ln, Potomac, MD 20854-3245MD1996-12$715,224
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12Jerold J & Marjorie N Principato Foundation Inc5315 Kenwood Ave, Bethesda, MD 20815-6601MD1996-03$531,930
13Sylvia S Ely Foundation Inc10501 Willowbrook Dr, Bethesda, MD 20854-4459MD1997-08$517,956
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15Talbot County Family Support Center Inc126 Port Street Suite B, Easton, MD 21601-2600MD1997-08$261,855
16The John G & Jean R Gosnell Foundation Inc5317 Kenwood Ave, Chevy Chase, MD 20815-6601MD1997-04$260,712
17The@ross Z And Grace S Pierpont Charitable Trust, Pierpont Ross Z And Grace S Ttees9515 Deereco Rd Ste 801, Timonium, MD 21093-2169MD1997-08$147,126
18Winifred M Gordon Foundation Inc1 Ridge Rd, Annapolis, MD 21401-1201MD1997-03$96,064
19Smith-Evans Foundation Inc2005 Hideout Ln, Mitchellville, MD 20716-3546MD1996-12$89,618
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Number of organizations performing similar types of work
District of Columbia27
North Carolina155
North Dakota2
New Hampshire19
New Jersey213
New Mexico23
New York524
Rhode Island33
South Carolina40
South Dakota12
West Virginia9

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