Charles E Erb Foundation 2019000810 in Goose Creek, South Carolina (SC)
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
| Charles E Erb Foundation 2019000810 | |
| Employer Identification Number (EIN) | 367207751 |
| Name of Organization | Charles E Erb Foundation 2019000810 |
| In Care of Name | Wachovia Bank Na |
| Address | 117 Loganberry Cir, Goose Creek, SC 29445 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 11/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,318,256 |
| Amount of Income | $74,736 |
| Form 990 Revenue Amount | $1,350,371 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2012: $74,736 (it was $1,350,371 in 2011)
| This organization: | $74,736 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2012: $2,318,256 (it was $1,308,281 in 2011)
| Charles E Erb Foundation 2019000810: | $2,318,256 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2012: $23,440
| This organization: | $23,440 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2012: 3.2
| This organization: | 3.2 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2012: 54.4%
| This organization: | 54.4% |
| Other organizations performing similar types of work: | 8.9% |
Revenue 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 | $74,736 | $34,085 | $0 | |
| Contributions, gifts, grants, etc., received | $40,651 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $34,085 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $23,440 | $0 | $0 | $20,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $23,440 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $51,296 | |||
| Net investment income | $34,085 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,318,256 | $2,318,256 |
| Cash - non-interest-bearing | $10,000 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,308,256 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $2,318,256 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,318,256 | |
| Total liabilities and net assets/fund balances | $0 | |
| 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 | $106 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $106 |
| 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 | $1,816,088 |
| Net value of noncharitable-use assets | $1,788,840 |
| Minimum investment return | $89,442 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | Robert S Campbell Foundation | 104 Broadus Ave, Greenville, SC 29601-3040 | SC | 1997-01 | $6,359,486 |
| 2 | Lillian S Smith Foundation | 1901 Main St Ste 900, Columbia, SC 29201-2457 | SC | 1998-08 | $5,978,686 |
| 3 | Sunshine Foundation Inc | 1664 Jackson St, Barnwell, SC 29812-2156 | SC | 1997-04 | $4,379,068 |
| 4 | Jerry And Anita Zucker Family Foundation Inc | 4838 Jenkins Ave, N Charleston, SC 29405-4816 | SC | 1997-05 | $2,616,434 |
| 5 | Greenwood Heritage Foundation Inc | 1110 Marshall Rd, Greenwood, SC 29646-4216 | SC | 1996-10 | $2,005,030 |
| 6 | Henry And Sylvia Yaschik Foundation Inc | PO BOX 328, Charleston, SC 29402-0328 | SC | 1998-11 | $1,080,578 |
| 7 | South Carolina Cable Television Foundation | PO BOX 2418, West Columbia, SC 29171-2418 | SC | 1998-04 | $482,581 |
| 8 | Seibert Charitable Trust A | PO BOX 29, Columbia, SC 29202-0029 | SC | 1998-08 | $399,453 |
| 9 | The Wpw Foundation, Wood Wilfrid P Ttee | PO BOX 481, Clinton, SC 29325-0481 | SC | 1997-12 | $343,188 |
| 10 | True North Foundation | 14 Brams Point Rd, Hilton Head, SC 29926-2050 | SC | 1998-01 | $161,381 |
| 11 | The@joan Sasser Coker And Charles Westfield Coker Charitable | 1100 W Carolina Ave, Hartsville, SC 29550-4452 | SC | 1998-08 | $141,220 |
| 12 | Strauch Family Foundation | 49 N Calibogue Cay Rd, Hilton Head, SC 29928-2913 | SC | 1997-07 | $93,254 |
| 13 | The John W Reed Foundation | 1 Petiver Ln, Greenville, SC 29605-3160 | SC | 1998-03 | $33,362 |
| 14 | Taylor Family Foundation | 109 Bee St Va Hopital Cardiolog, Charleston, SC 29401 | SC | 1998-11 | $19,744 |
| 15 | William D Nickels Foundation | 77 Fuskie Ln, Daufuskie Is, SC 29915-9111 | SC | 1997-06 | $16,685 |
| 16 | Quay W Mcmaster Foundation | PO BOX 449, Winnsboro, SC 29180-0449 | SC | 1997-04 | $1 |
| 17 | The@barbara And Edwin Pearlstine Charitable Foundation Inc | 5264b International Blvd Ste 220, N Charleston, SC 29418-6992 | SC | 1998-07 | $1 |
| 18 | Crescent Community Club | 102 Terra Woods Lane, Greenville, SC 29615 | SC | 1998-09 | $0 |
| 19 | Kerry Ann Yountsculp Teachers Scholarship Trust | Po Box 566, Fountain Inn, SC 29644 | SC | 1998-11 | $0 |
| 20 | Stephen R Kerrigan And Maureen W Kerrigan Family Foundation Inc | 36 Prioleau St Unit P, Charleston, SC 29401-2159 | SC | 1998-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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