Ochsman Foundation Inc in Mclean, Virginia (VA)
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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Virginia
| Ochsman Foundation Inc | |
| Employer Identification Number (EIN) | 541893317 |
| Name of Organization | Ochsman Foundation Inc |
| Address | 1650 Tysons Blvd Ste 820, Mclean, VA 22102-4844 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $10,138,813 |
| Amount of Income | $1,784,268 |
| Form 990 Revenue Amount | $446,004 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
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 | $2,988,673 | $472,654 | $0 | |
| Contributions, gifts, grants, etc., received | $2,507,887 | |||
| Interest on savings and temporary cash investments | $5,185 | |||
| Dividends and interest from securities | $166,255 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-1,152 | |||
| Other | $310,498 | |||
| Total expenses and disbursements | $435,503 | $107,997 | $0 | $220,740 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $214,763 | $107,997 | $0 | |
| Contributions, gifts, grants paid | $220,740 | |||
| Excess of revenue over expenses and disbursements | $2,553,170 | |||
| Net investment income | $364,657 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $10,050,862 | $10,059,751 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $6,201,501 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,135,129 | |
| Other | $2,714,232 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $10,050,862 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $310,498 |
| 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 | $7,293 |
| Total credits and payments | $16,859 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $6,859 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $10,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $9,566 |
| Amount to be credited to 2013 estimated tax | $9,566 |
| 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 | $8,716,774 |
| Net value of noncharitable-use assets | $8,586,020 |
| Minimum investment return | $429,301 |
| Distributable Amount (for 2012) | |
| Distributable amount | $422,008 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $422,008 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $232,794 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $-4,791 | $0 | $-4,791 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $-4,791 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $-4,791 |
| Unrelated business taxable income before net operating loss deduction | $-4,791 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-4,791 |
| Specific deduction | $0 |
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| Other organizations in Virginia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Community Of Cistercians Of The Strict Observance Inc | 901 Cool Spring Ln, Berryville, VA 22611-2700 | VA | 1946-03 | $0 |
| 2 | Epilepsy Therapy Project | 2325 Dulles Corner Blvd Ste 670, Herndon, VA 20171-4683 | VA | 2007-07 | $1,893,096 |
| 3 | Epiphany Preschool | 1014 Country Club Dr Ne, Vienna, VA 22180-3624 | VA | 2002-04 | $0 |
| 4 | Feed More Inc, Central Virginia Foodbank | 1415 Rhoadmiller St, Richmond, VA 23220-1111 | VA | 1981-05 | $47,528,515 |
| 5 | Franconia United Methodist Church, Franconia United Meth Church | 6037 Franconia Rd, Alexandria, VA 22310-1701 | VA | 1971-06 | $0 |
| 6 | Garth Newel Music Center Foundation Corp | PO BOX 240, Warm Springs, VA 24484-0240 | VA | 1991-08 | $3,935,318 |
| 7 | His Ministries | 407 Wood Ave E, Big Stone Gap, VA 24219-2827 | VA | 1997-07 | $22,498 |
| 8 | Living Faith Ministries Inc | PO BOX 1867, Abingdon, VA 24212-1867 | VA | 1988-12 | $1,655,676 |
| 9 | Longwood University | 201 High St, Farmville, VA 23909-1800 | VA | 1966-12 | $0 |
| 10 | Manly Memorial Baptist Church | 202 S Main St, Lexington, VA 24450-2318 | VA | 1968-12 | $0 |
| 11 | Ochsman Foundation Inc | 1650 Tysons Blvd Ste 820, Mclean, VA 22102-4844 | VA | 1998-05 | $1,784,268 |
| 12 | Ox Hill Baptist Church | PO BOX 220536, Chantilly, VA 20153-0536 | VA | 1968-12 | $0 |
| 13 | Greater Vision Pentecostal Assembly | PO BOX 483, Buena Vista, VA 24416-0483 | VA | 1982-06 | $0 |
| 14 | Senior Connections The Capital Area Agency On Aging | 24 E Cary St, Richmond, VA 23219-3733 | VA | 1974-06 | $5,998,889 |
| 15 | Soteria Christian Center International | PO BOX 911, Smithfield, VA 23431-0911 | VA | 2000-03 | $0 |
| 16 | Summit Presbyterian Church | 256 Shelton Shop Rd, Stafford, VA 22554-6502 | VA | 1964-01 | $0 |
| 17 | Tabernacle Church Of Norfolk | 7000 Granby St, Norfolk, VA 23505-4414 | VA | 1978-11 | $0 |
| 18 | Volunteers Of America Inc | 1660 Duke Street, Alexandia, VA 22314-3473 | VA | 1965-05 | $0 |
| 19 | 1625 Massachusetts Avenue Nw Corporation | 535 Herndon Pkwy, Herndon, VA 20170-5226 | VA | 1978-07 | $1,443,810 |
| 20 | 1708 Gallery Inc | PO BOX 12520, Richmond, VA 23241-0520 | VA | 1980-11 | $350,459 |
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