Mealy Family Foundation Inc in Charlotte, 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
- Organizations performing similar types of work
| Mealy Family Foundation Inc | |
| Employer Identification Number (EIN) | 562109869 |
| Name of Organization | Mealy Family Foundation Inc |
| In Care of Name | Mark Mealy |
| Address | 352 Eastover Rd, Charlotte, NC 28207-2350 |
| Subsection | Charitable Organization |
| Ruling Date | 01/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $469,286 |
| Amount of Income | $324,177 |
| Form 990 Revenue Amount | $44,411 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2012: $324,177 (it was $44,411 in 2011)
| Mealy Family Foundation Inc: | $324,177 |
| Other organizations performing similar types of work: | $107,771 |
Assets in 2012: $469,286 (it was $473,155 in 2011)
| This organization: | $469,286 |
| Other organizations performing similar types of work: | $292,134 |
Expenses in 2012: $35,091
| This organization: | $35,091 |
| Other organizations performing similar types of work: | $48,744 |
Income to expenses ratio in 2012: 9.2
| Mealy Family Foundation Inc: | 9.2 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2012: 2.8%
| Mealy Family Foundation Inc: | 2.8% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2012
Expenses for 2012
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 | $31,222 | $30,357 | $0 | |
| Contributions, gifts, grants, etc., received | $865 | |||
| Interest on savings and temporary cash investments | $24 | |||
| Dividends and interest from securities | $9,853 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $20,480 | |||
| Total expenses and disbursements | $35,091 | $4,226 | $0 | $30,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,091 | $4,226 | $0 | |
| Contributions, gifts, grants paid | $30,000 | |||
| Excess of revenue over expenses and disbursements | $-3,869 | |||
| Net investment income | $26,131 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $469,286 | $480,018 |
| Cash - non-interest-bearing | $37,835 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $242,932 | |
| Investments-corporate bonds | $53,568 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $134,951 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $469,286 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $20,480 |
| 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 | $523 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $13 |
| Tax due | $536 |
| 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 | $493,675 |
| Net value of noncharitable-use assets | $486,280 |
| Minimum investment return | $24,314 |
| Distributable Amount (for 2012) | |
| Distributable amount | $23,791 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $23,791 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Carlson Family Foundation Inc | 206 Brookgreen Dr, Chapel Hill, NC 27516-4462 | NC | 1999-12 | $7,533,296 |
| 2 | Webber Family Foundation | 3112 Windsor Rd A336, Austin, TX 78703-2350 | TX | 2000-04 | $5,985,789 |
| 3 | Hans S Mannheimer Trust, Wells Fargo Bank Na | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 1999-12 | $4,125,123 |
| 4 | Velma Moore T W Charities | Pnc Bank 620 Liberty Avenue No 10, Pittsburgh, PA 15222 | PA | 1999-01 | $2,555,878 |
| 5 | Anna Oschwald Tr, Oppenheim Stephen Co Ttee | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1999-12 | $2,007,058 |
| 6 | William & Anna Tenenblatt Foundation Inc | 3750 Broadway Pl, Los Angeles, CA 90007-4400 | CA | 2000-04 | $1,924,464 |
| 7 | Water First International | 1904 3rd Ave Ste 1012, Seattle, WA 98101-1123 | WA | 2005-06 | $1,692,165 |
| 8 | The Scholtz Family Foundation | 2591 Windward Way, Naples, FL 34103-4067 | FL | 1999-12 | $1,283,832 |
| 9 | Fred E Kassner Family Foundation Inc | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 1999-03 | $1,194,663 |
| 10 | Weiss Family Foundation, Weiss Richard & Barbara Co-Ttee | 1660 N Prospect Ave Unit 1901, Milwaukee, WI 53202-2485 | WI | 1999-01 | $919,334 |
| 11 | Rbo Bragg Charitable Trust Uw | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1999-04 | $595,023 |
| 12 | Raymond H Jr & Bonnie B Hefner Fam Affiliated Fund Of Oc Commmunity | PO BOX 1146, Oklahoma City, OK 73101-1146 | OK | 1999-03 | $571,203 |
| 13 | The Great Georgia Airshow Inc | PO BOX 2035, Peachtree Cty, GA 30269-0035 | GA | 2001-07 | $510,381 |
| 14 | Walter N Charles Trust | 124 S 1st St, Oskaloosa, IA 52577-3126 | IA | 2012-01 | $506,639 |
| 15 | Willis Family Foundation Inc | 112 S Tryon St Ste 1765, Charlotte, NC 28284-2198 | NC | 1999-03 | $430,120 |
| 16 | Zichron Yona Vsara Charitable Foundation, Herzog Herman Et Al Ttees | 6 Lenore Ave, Monsey, NY 10952-2705 | NY | 1999-01 | $413,957 |
| 17 | The@elliot D Baker Charitable Foundation, Baker Elliot D Ttee | PO BOX 46019, Chicago, IL 60646-0019 | IL | 2000-02 | $407,540 |
| 18 | Mealy Family Foundation Inc | 352 Eastover Rd, Charlotte, NC 28207-2350 | NC | 1999-01 | $324,177 |
| 19 | Jessie E Hancock Tuw Fbo Miami Childrens Hospital Fdn | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2000-01 | $277,661 |
| 20 | Ardizzone Charitable Foundation Inc | 4931 Broad Hollow Dr, Charlotte, NC 28226-6459 | NC | 2000-01 | $1 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 212 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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