Giarla And Michelson Charitable Foundation in Chapel Hill, North Carolina (NC)
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 North Carolina
| Giarla And Michelson Charitable Foundation | |
| Employer Identification Number (EIN) | 010656784 |
| Name of Organization | Giarla And Michelson Charitable Foundation |
| In Care of Name | Mike Giarla |
| Address | 4324 Trenton Rd, Chapel Hill, NC 27517-7833 |
| 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 | $1,000,000 to $4,999,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,051,600 |
| Amount of Income | $4,140 |
| Form 990 Revenue Amount | $31,215 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
Non-representatives - add comments:
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 | $2,640 | $2,640 | $2,640 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $2,640 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $35,000 | $0 | $0 | $35,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $35,000 | |||
| Excess of revenue over expenses and disbursements | $-32,360 | |||
| Net investment income | $2,640 | |||
| Adjusted net income | $2,640 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,077,401 | $657,205 |
| Cash - non-interest-bearing | $62,534 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $429,495 | |
| Other | $585,372 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,077,401 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $26 |
| Total credits and payments | $50 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $25 |
| 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 | $25 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $1 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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 | $638,617 |
| Net value of noncharitable-use assets | $629,040 |
| Minimum investment return | $31,452 |
| Distributable Amount (for 2012) | |
| Distributable amount | $31,426 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $31,426 |
| 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 North Carolina | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Gertrude Crisp Smith Fund Fbo Society Of Friends Quakers | 1 W 4th St 2nd Fl, Winston Salem, NC 27101-3818 | NC | 2014-07 | $501,425 |
| 2 | Gertrude L Hirsch Charitable Trust | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 1988-12 | $1,233,872 |
| 3 | Gertrude M Ruskin Tr Uw | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1985-09 | $191,569 |
| 4 | Gertrude Pruden Art Scholarship Fund | 401 S Tryon St 4th Flr, Charlotte, NC 28288-0001 | NC | 1969-04 | $3,153 |
| 5 | Get Smart | PO BOX 4244, Sanford, NC 27331-4244 | NC | 1992-03 | $379,222 |
| 6 | Gethsemane Garden Christian Centre Advisory Board Inc | 6239 Seton House Ln, Charlotte, NC 28277-4524 | NC | 2002-07 | $546,924 |
| 7 | Gfwc Of North Carolina Inc | 6050 Six Forks Road Unit A, Raieigh, NC 27609-8601 | NC | 1981-12 | $787,977 |
| 8 | Ggba Benefit Trust | PO BOX 41135, Greensboro, NC 27404-1135 | NC | 1991-11 | $12,892 |
| 9 | Gha Autism Supports | PO BOX 2487, Albemarle, NC 28002-2487 | NC | 1983-11 | $8,825,771 |
| 10 | Ghg Construction Corporation | PO BOX 309, Jamestown, NC 27282-0309 | NC | 1978-09 | $450 |
| 11 | Giarla And Michelson Charitable Foundation | 4324 Trenton Rd, Chapel Hill, NC 27517-7833 | NC | 2002-05 | $4,140 |
| 12 | Gibbs Foundation | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 1991-11 | $128,611 |
| 13 | Gibson Southwest District Fire Department Inc | PO BOX 261, Gibson, NC 28343-0261 | NC | 2006-08 | $54,535 |
| 14 | Gibson T Harrison Trust 1519155065 | 1 W 4th St, Winston Salem, NC 27101-3818 | NC | $1,968,033 | |
| 15 | Gibsonville Country Club Inc | PO BOX 426, Gibsonville, NC 27249-0426 | NC | 1983-06 | $119,148 |
| 16 | Carleta S Cox Trust 5019893381 | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 2008-05 | $1,302,314 |
| 17 | Gift Sales Managers Association Inc | 129 Adler Ln, Goldsboro, NC 27530-5516 | NC | 2009-02 | $46,633 |
| 18 | Gilbert Theater | PO BOX 53704, Fayetteville, NC 28305-3704 | NC | 1997-08 | $99,660 |
| 19 | Gilead Volunteer Fire And Rescue | 15600 Beatties Ford Rd, Huntersville, NC 28078-9376 | NC | 2005-04 | $660,477 |
| 20 | Giles Arthur Harmon Memorial Scholarship Fund Inc | 600 Tunnel Rd, Asheville, NC 28805-1917 | NC | 1989-07 | $272 |
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