Verna T Benezet Trust No 2 in Pittsburgh, Pennsylvania (PA)
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 Pennsylvania
| Verna T Benezet Trust No 2 | |
| Employer Identification Number (EIN) | 236278873 |
| Name of Organization | Verna T Benezet Trust No 2 |
| In Care of Name | Pnc Bank |
| Address | C/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Ruling Date | 03/2006 |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Organization terminating its private foundation status under section 507(b)(1)(B) of the Code |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $41,178 |
| Amount of Income | $4,133 |
| Form 990 Revenue Amount | $1,376 |
Non-representatives - add comments:
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 | $1,806 | $1,769 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,246 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $12 | |||
| Other | $548 | |||
| Total expenses and disbursements | $3,059 | $544 | $0 | $2,495 |
| Compensation of officers, directors, trustees, etc. | $573 | |||
| Total operating and administrative expenses | $1,093 | $544 | $529 | |
| Contributions, gifts, grants paid | $1,966 | |||
| Excess of revenue over expenses and disbursements | $-1,253 | |||
| Net investment income | $1,225 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $41,178 | $46,784 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $40,386 | |
| Other | $792 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $41,178 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $548 |
| 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 | $12 |
| Total credits and payments | $40 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $40 |
| 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 | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $28 |
| Amount to be credited to 2013 estimated tax | $20 |
| 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? | Yes |
| 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 | $46,830 |
| Net value of noncharitable-use assets | $46,120 |
| Minimum investment return | $2,306 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,294 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,294 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,550 |
| 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 Pennsylvania | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Venango Area Riding For The Handicapped Association Inc | 150 Wagner Dr, Franklin, PA 16323-4546 | PA | 1983-10 | $294,086 |
| 2 | Venango County Association For The Blind | PO BOX 515, Seneca, PA 16346-0515 | PA | 1941-01 | $271,195 |
| 3 | Venango County Historical Society | PO BOX 101, Franklin, PA 16323-0101 | PA | 1981-11 | $182,065 |
| 4 | Venango County Humane Society | PO BOX 1045, Oil City, PA 16301-0545 | PA | 1980-01 | $1,197,168 |
| 5 | Venango Museum Of Art Science And Industry | 270 Seneca St, Oil City, PA 16301-1304 | PA | 1980-09 | $80,096 |
| 6 | Venango Video Incorporated | 217 Elm St, Oil City, PA 16301-1412 | PA | 1978-09 | $0 |
| 7 | Vendemmia Foundation | 1841 S Broad St, Philadelphia, PA 19148-2115 | PA | 2007-07 | $295,900 |
| 8 | Venture Outdoors Inc | Ste 537a, Pittsburgh, PA 15219 | PA | 2006-02 | $1,082,182 |
| 9 | Venue Of Merging Arts | 307 Chestnut Street, Johnstown, PA 15906 | PA | 2010-06 | $13,406 |
| 10 | Verhovay Home Assn 336 | 1012 S 29th St, Harrisburg, PA 17111-1301 | PA | 1946-09 | $151,186 |
| 11 | Verna T Benezet Trust No 2 | C/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | 2006-03 | $4,133 |
| 12 | Verneda A And Leo J Wachter Sr Foundation | 412 Union St, Hollidaysburg, PA 16648-1518 | PA | 1987-01 | $1,882 |
| 13 | Vernon Volunteer Fire Dept & Relief Assoc | 18208 Cussewago Rd, Meadville, PA 16335-4514 | PA | 1990-07 | $1,684,692 |
| 14 | Verona Volunteer Fire Department And Relief Association | 465 Parker Street, Verona, PA 15147 | PA | 1989-10 | $64,041 |
| 15 | Veronicas Veil Players | 44 Pius St, Pittsburgh, PA 15203-1617 | PA | 2002-03 | $58,469 |
| 16 | Versailles Vol Fire Co No 1 Inc | 4919 Third Street, Mckeesport, PA 15132 | PA | 1958-02 | $0 |
| 17 | Vesper Boat Club Inc | 10 Kelly Dr, Philadelphia, PA 19130-1002 | PA | 1974-12 | $401,569 |
| 18 | Veteran Firemens Association Of The City Of Reading | 1427 Montgomery St, Reading, PA 19601-1720 | PA | 1958-09 | $116,319 |
| 19 | Veterans Foreign Wars Home Assoc F Barley Memorial Home Assn, Post 5667 | 126 Maytown Rd, Elizabethtown, PA 17022-9755 | PA | 1960-01 | $404,153 |
| 20 | Veterans Fund Of The United States | 805 S Township Blvd, Pittston, PA 18640-3327 | PA | 1997-09 | $26,665 |
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