Margaret V Ping Foundation in Billings, Montana (MT)

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Margaret V Ping Foundation
Employer Identification Number (EIN)264347667
Name of OrganizationMargaret V Ping Foundation
In Care of NameMargaret V Ping
Address2351 Solomon Ave Apt 280, Billings, MT 59102-2887
SubsectionCharitable Organization
Ruling Date06/2009
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$411,358
Amount of Income$138,995
Form 990 Revenue Amount$20,329
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2012: $138,995 (it was $20,329 in 2011)
This organization: 

 $138,995
Other organizations performing similar types of work: 

 $90,224

Assets in 2012: $411,358 (it was $452,763 in 2011)
This organization: 

 $411,358
Other organizations performing similar types of work: 

 $323,888

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$20,329$20,294$35
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$7
Dividends and interest from securities$11,447
Gross rents$0
Gross profit from sales of goods$0
Other income$308
Other$8,567
Total expenses and disbursements$74,554$5,301$0$65,800
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$8,754$5,301$0
Contributions, gifts, grants paid$65,800
Excess of revenue over expenses and disbursements$-54,225
Net investment income$14,993
Adjusted net income$35
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$452,763$499,216
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$271,329
Investments-corporate bonds$170,250
Investments-mortgage loans$0
Investments-other$0
Other$11,184
Total liabilities$0
Total liabilities and net assets/fund balances$452,763
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$8,567
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$150
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$150
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
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 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?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 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$455,406
Net value of noncharitable-use assets$448,580
Minimum investment return$22,429
Distributable Amount (for 2011)
Distributable amount$22,279
Undistributed Income (for 2011)
Distributable amount for 2011$22,279
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
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
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Cross Charitable Foundation Inc3805 Valley Commons Drive, Bozeman, MT 59718-6510MT2001-03$20,250,299
2Oro Y Plata Foundation100 Cooperative Way Ste 100, Kalispell, MT 59901-2378MT2003-10$2,789,073
3Scoob Trust Foundation, Susan Hare TteePO BOX 97, Alder, MT 59710-0097MT2006-04$2,522,158
4Gallagher Western Montana Charitable Foundation Inc 50400930PO BOX 4787, Missoula, MT 59806-4787MT2001-07$1,338,418
5The Prbb Foundation9443 Cottonwood Rd, Bozeman, MT 59718-8966MT2006-08$1,164,905
6True Vine Foundation IncPO BOX 1210, Victor, MT 59875-1210MT2000-03$844,181
7Rob And Terry Ryan Foundation Inc13 Orion Beltway, Hamilton, MT 59840MT2001-02$495,615
8Nance Family Foundation IncPO BOX 7027, Billings, MT 59103-7027MT2008-01$468,687
9Bentley Foundation3319 Jack Burke Ln, Billings, MT 59106-1111MT2006-11$384,703
10Michael D And Susan H Arnesonfamily Foundation Inc1301 Towering Pines Rd, Gallatin Gtwy, MT 59730-8730MT2006-01$381,565
11James And Chloe Gilman Charitable Foundation Inc3099 Grand Ave, Butte, MT 59701-5105MT2004-10$362,492
12Bibler Foundation IncPO BOX 1195, Kalispell, MT 59903-1195MT2000-03$353,428
13Spence Family Foundation100 N 27th St Ste 305, Billings, MT 59101-2054MT2002-05$317,070
14Double F Foundation IncPO BOX 3, Ennis, MT 59729-0003MT2006-11$300,112
15Brosovich Family Foundation3028 Us Highway 3, Billings, MT 59106-9643MT2008-06$295,413
16Horsman FoundationPO BOX 2309, Great Falls, MT 59403-2309MT1999-02$261,052
17Beverly J Gepfer Charitable Foundation593 Shields River Rd E, Livingston, MT 59047-9332MT2010-04$219,276
18Margaret V Ping Foundation2351 Solomon Ave Apt 280, Billings, MT 59102-2887MT2009-06$138,995
19Selah Charitable Tr, Peterson Eugene H TteePO BOX 732, Lakeside, MT 59922-0732MT2003-03$113,041
20Walter And Elaine Anderson Charitable Tr, Jerry R Hoover Ttee2025 Flowerree St, Helena, MT 59601-5919MT2009-02$95,787
21Ruby E Hanson Scholarship Tr, Howard Steven Ttee100 W Laurel Ave, Plentywood, MT 59254-1647MT2004-07$66,876
22Senner Family Foundation2663 Typha Ct Unit 8, Bozeman, MT 59718-7167MT2010-12$61,775
23Talbot Family Foundation424 S Tracy Ave, Bozeman, MT 59715-5276MT2002-10$32,357
24Stepping Forward FoundationPO BOX 1538, Billings, MT 59103-1538MT2011-06$22,161
25Wade Sukut Charitable EducationtrustPO BOX 516, Circle, MT 59215-0516MT2007-01$2,227
26Susan Kay Pederson Foundation102 Village Downtown Blvd, Bozeman, MT 59715-3815MT2010-03$100
27The@philip A And Bonnie J Henault FoundationC/O Paul Fickes 310 W Spruce St, Missoula, MT 59802MT2010-02$90
28Northern Basin Family Foundation IncPO BOX 147, Augusta, MT 59410-0147MT2001-07$1
29Tonigan Foundation6840 Trade Center Ave, Billings, MT 59101-6245MT2001-07$1
30Moss Family Foundation512 33rd Ave Ne, Great Falls, MT 59404-1113MT2011-02$0
Number of organizations performing similar types of work
Alaska8
Alabama189
Arkansas76
Arizona255
California2,264
Colorado383
Connecticut378
District of Columbia99
Delaware361
Florida1,391
Georgia433
Hawaii77
Iowa135
Idaho68
Illinois994
Indiana243
Kansas142
Kentucky137
Louisiana125
Massachusetts669
Maryland413
Maine64
Michigan535
Minnesota313
Missouri300
Mississippi54
Montana57
North Carolina473
North Dakota13
Nebraska122
New Hampshire63
New Jersey816
New Mexico71
Nevada180
New York2,349
Ohio614
Oklahoma216
Oregon176
Pennsylvania999
Rhode Island165
South Carolina127
South Dakota31
Tennessee177
Texas1,160
Utah208
Virginia430
Vermont32
Washington355
Wisconsin341
West Virginia44
Wyoming59
International32
Total19,416

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