The@bill And Mary Carter Charitable Foundation, Carter Mary Ellen Et Al Ttee in Newberry, 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
| The@bill And Mary Carter Charitable Foundation, Carter Mary Ellen Et Al Ttee | |
| Employer Identification Number (EIN) | 576187672 |
| Name of Organization | The@bill And Mary Carter Charitable Foundation |
| Secondary Name | Carter Mary Ellen Et Al Ttee |
| In Care of Name | May Ellen Mclaurin Carter |
| Address | PO BOX 668, Newberry, SC 29108-0668 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $674,216 |
| Amount of Income | $59,815 |
| Form 990 Revenue Amount | $12,892 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2012: $59,815 (it was $12,892 in 2011)
| This organization: | $59,815 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2012: $674,216 (it was $706,646 in 2011)
| The@bill And Mary Carter Charitable Foundation, Carter Mary Ellen Et Al Ttee: | $674,216 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $45,276
| The@bill And Mary Carter Charitable Foundation, Carter Mary Ellen Et Al Ttee: | $45,276 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 1.3
| The@bill And Mary Carter Charitable Foundation, Carter Mary Ellen Et Al Ttee: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 22.8% |
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 | $12,846 | $12,846 | $12,771 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $12,771 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $75 | |||
| Total expenses and disbursements | $45,276 | $20,894 | $20,740 | $37,000 |
| Compensation of officers, directors, trustees, etc. | $7,366 | |||
| Total operating and administrative expenses | $8,276 | $20,894 | $0 | |
| Contributions, gifts, grants paid | $37,000 | |||
| Excess of revenue over expenses and disbursements | $-32,430 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $674,216 | $718,820 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $444,954 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $229,262 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $674,216 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $75 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | Yes |
| 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 | $743,806 |
| Net value of noncharitable-use assets | $732,640 |
| Minimum investment return | $36,632 |
| Distributable Amount (for 2012) | |
| Distributable amount | $36,632 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $36,632 |
| 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 | $5,391 | $6,829 | $0 | $12,220 |
| Qualifying distributions made directly for active conduct of exempt activities | $37,000 | $37,650 | $37,650 | $0 | $112,300 |
| 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 | $24,421 | $24,431 | $24,711 | $0 | $73,563 |
| 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 | The@james B Near Family Foundation | 251 Grove St, Charleston, SC 29403-3537 | SC | 2001-05 | $2,802,056 |
| 2 | Workman Family Charitable Tr | 6 Calendar Court No 1, Columbia, SC 29206-4715 | SC | 2010-10 | $2,137,125 |
| 3 | Richard & Evelyn Venable Foundation Under The Evelyn Venable Tr, Harley D Ruff Ttee | 17 Professional Village Cir, Beaufort, SC 29907-1573 | SC | 2013-12 | $1,100,798 |
| 4 | Watts Family Foundation | 391 Beach Bridge Rd, Pawleys Isl, SC 29585-8239 | SC | 2015-04 | $1,089,181 |
| 5 | Teach Foundation | 214 N 5th St, Hartsville, SC 29550-4136 | SC | 2011-12 | $820,000 |
| 6 | The Laura E Dupont Foundation | PO BOX 8099, Greenville, SC 29604-8099 | SC | 1999-04 | $668,132 |
| 7 | Fred And Boots Dodson Charitable Foundation | PO BOX 865, Greenville, SC 29602-0865 | SC | 2014-02 | $592,617 |
| 8 | Smith Family Fund 07-02-002-0188748 | 120 Edisto Ave, Columbia, SC 29205-3012 | SC | 2001-05 | $459,391 |
| 9 | Robert S & Vivian Johnsonfoundation, Johnson Foundation | PO BOX 476, Latta, SC 29565-0476 | SC | 2008-11 | $387,361 |
| 10 | Medford Family Foundation Inc | 107 Outrigger, Greenwood, SC 29649-8622 | SC | 2010-06 | $212,647 |
| 11 | Gary Davis Family Foundation | PO BOX 339, Awendaw, SC 29429-0339 | SC | 2012-03 | $179,423 |
| 12 | Shirley Smith Foundation | PO BOX 4284, Anderson, SC 29622-4284 | SC | 2001-09 | $176,595 |
| 13 | Safety Components First Responder 911 Foundation | 40 Emery St, Greenville, SC 29605-4572 | SC | 2003-01 | $172,995 |
| 14 | Wolfe Family Foundation | 420 Davega Dr, Lexington, SC 29073-7485 | SC | 2005-03 | $145,591 |
| 15 | Hart Foundation, James M Hart Ttee | 136 Cove Ct, Irmo, SC 29063-8986 | SC | 2011-02 | $139,496 |
| 16 | The@o Perry Earle Jr And Louise Jordan Earle Foundation, Earle Jordan F Ttee | Local, Fountain Inn, SC 29644 | SC | 1999-07 | $135,464 |
| 17 | Johnson Family Foundation Inc | 711 Rivers St, Lake City, SC 29560-2913 | SC | 2013-09 | $100,001 |
| 18 | Tim And Sarah Jur Foundation | 1102 Axtell Dr, Cayce, SC 29033-4306 | SC | 2013-01 | $97,467 |
| 19 | Destined To Succeed Inc | Po Box 2971, Summerville, SC 29484 | SC | 2000-03 | $62,623 |
| 20 | The@bill And Mary Carter Charitable Foundation, Carter Mary Ellen Et Al Ttee | PO BOX 668, Newberry, SC 29108-0668 | SC | 2005-06 | $59,815 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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