The Ceres Foundation Inc 43j-74d54 in Gaithersburg, Maryland (MD)

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The Ceres Foundation Inc 43j-74d54
Employer Identification Number (EIN)912170962
Name of OrganizationThe Ceres Foundation Inc 43j-74d54
In Care of NameMerrill Lynch Trust Company
Address18606 Reliant Dr, Gaithersburg, MD 20879-5422
SubsectionCharitable Organization
Ruling Date05/2002
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$23,548,098
Amount of Income$6,863,111
Form 990 Revenue Amount$636,710
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2012: $6,863,111 (it was $11,799,400 in 2011)
The Ceres Foundation Inc 43j-74d54: 

 $6,863,111
Other organizations performing similar types of work: 

 $105,489

Assets in 2012: $23,548,098 (it was $23,961,120 in 2011)
The Ceres Foundation Inc 43j-74d54: 

 $23,548,098
Other organizations performing similar types of work: 

 $325,460

Expenses in 2012: $1,179,158
This organization: 

 $1,179,158
Other organizations performing similar types of work: 

 $49,058

Income to expenses ratio in 2012: 5.8
This organization: 

 5.8
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 22.8%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$1,592,034$1,588,919$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$75
Dividends and interest from securities$496,111
Gross rents$0
Gross profit from sales of goods$0
Other income$203,090
Other$892,758
Total expenses and disbursements$1,179,158$80,041$0$1,087,485
Compensation of officers, directors, trustees, etc.$126,000
Total operating and administrative expenses$280,658$80,041$188,985
Contributions, gifts, grants paid$898,500
Excess of revenue over expenses and disbursements$412,876
Net investment income$1,508,878
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$23,548,098$26,185,976
Cash - non-interest-bearing$75,813
Investments-U.S. and state government obligations$0
Investments-corporate stock$3,519,023
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$19,634,644
Other$318,618
Total liabilities$0
Total liabilities and net assets/fund balances$23,548,098
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$892,758
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$30,178
Total credits and payments$37,585
2012 estimated tax payments and 2011 overpayment credited to 2012$21,585
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$16,000
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$7,407
Amount to be credited to 2013 estimated tax$7,407
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$25,580,377
Net value of noncharitable-use assets$25,196,680
Minimum investment return$1,259,834
Distributable Amount (for 2012)
Distributable amount$1,229,656
Undistributed Income (for 2012)
Distributable amount for 2012$1,229,656
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Ruth Carol Fund IncPO BOX 1795, Baltimore, MD 21203-1795MD2005-06$14,339,028
2Frank E & Miriam Loveman Foundation Inc10711 Red Run Blvd Ste 101, Owings Mills, MD 21117-5138MD2013-04$9,096,785
3Medway Charitable Trust901 South Bond Street, Baltimore, MD 21231-3339MD2012-09$7,231,925
4The Ceres Foundation Inc 43j-74d5418606 Reliant Dr, Gaithersburg, MD 20879-5422MD2002-05$6,863,111
5David D Smith Family Foundation Inc10706 Beaver Dam Rd, Cockeysville, MD 21030-2207MD2013-08$5,188,317
6Roz And Marvin H Weiner Family Foundation IncPO BOX 487, Owings Mills, MD 21117-0487MD2009-02$4,251,692
7Wright Family Foundation, Wright Vernon H C Ttee14626 Thornton Mill Rd, Sparks, MD 21152-9633MD2000-12$3,957,194
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17The@william J Shaw Family Foundation Inc10833 Alloway Dr, Potomac, MD 20854-1504MD2001-11$1,804,590
18Rhonas Place Foundation22 W Pennsylvania Ave Ste 606, Towson, MD 21204-5005MD2011-08$1,772,349
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Number of organizations performing similar types of work
Alaska25
Alabama219
Arkansas78
Arizona303
California2,586
Colorado408
Connecticut419
District of Columbia111
Delaware583
Florida1,525
Georgia481
Hawaii85
Iowa178
Idaho58
Illinois1,113
Indiana311
Kansas157
Kentucky167
Louisiana161
Massachusetts705
Maryland425
Maine85
Michigan619
Minnesota384
Missouri346
Mississippi70
Montana69
North Carolina788
North Dakota20
Nebraska169
New Hampshire75
New Jersey876
New Mexico92
Nevada215
New York2,617
Ohio698
Oklahoma228
Oregon208
Pennsylvania1,086
Rhode Island184
South Carolina171
South Dakota32
Tennessee266
Texas1,263
Utah274
Virginia477
Vermont54
Washington401
Wisconsin354
West Virginia69
Wyoming63
International44
Total22,395

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