Bryan Memorial Gallery Foundation Inc in Jeffersonvlle, Vermont (VT)
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 Vermont
| Bryan Memorial Gallery Foundation Inc | |
| Employer Identification Number (EIN) | 030287574 |
| Name of Organization | Bryan Memorial Gallery Foundation Inc |
| In Care of Name | Mac Griff Bookeeping |
| Address | PO BOX 340, Jeffersonvlle, VT 05464-0340 |
| Activities | Museum, zoo, planetarium, etc. |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 06/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,015,846 |
| Amount of Income | $356,441 |
| Form 990 Revenue Amount | $160,340 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $133,677 | $5,499 | $34,521 | |
| Contributions, gifts, grants, etc., received | $42,381 | |||
| Interest on savings and temporary cash investments | $1 | |||
| Dividends and interest from securities | $1,671 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $32,849 | |||
| Gross sales less returns and allowances | $-65,705 | |||
| Less: Cost of goods sold | $98,554 | |||
| Other income | $52,948 | |||
| Other | $3,827 | |||
| Total expenses and disbursements | $204,793 | $1,100 | $116,283 | $187,955 |
| Compensation of officers, directors, trustees, etc. | $69,660 | |||
| Total operating and administrative expenses | $203,881 | $1,100 | $187,043 | |
| Contributions, gifts, grants paid | $912 | |||
| Excess of revenue over expenses and disbursements | $-71,116 | |||
| Net investment income | $4,399 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,975,523 | $7,087,473 |
| Cash - non-interest-bearing | $10,476 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $74,248 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $4,890,799 | |
| Total liabilities | $69,828 | |
| Mortgages and other notes payable | $60,000 | |
| Other | $9,828 | |
| Total liabilities and net assets/fund balances | $4,905,695 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,827 |
| 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 | $44 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $44 |
| 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 | $97,735 |
| Net value of noncharitable-use assets | $96,260 |
| Minimum investment return | $4,813 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $187,955 | $187,945 | $172,940 | $210,299 | $759,139 |
| Value of all assets | $1 | $0 | $5,650,129 | $5,633,043 | $11,283,172 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $5,650,129 | $5,633,043 | $11,283,172 |
| 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 | $5,468 | $0 | $5,468 |
| Gross receipts or sales less returns and allowances | $13,093 | $0 | $0 |
| Cost of goods sold | $76,251 | $0 | $0 |
| Gross profit | $54,681 | $0 | $5,468 |
| 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 | $0 | $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 | $6,961 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $2,877 |
| Repairs and maintenance | $526 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $220 |
| 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 | $3,338 |
| Unrelated business taxable income | $-1,493 |
| Unrelated business taxable income before net operating loss deduction | $-1,493 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-1,493 |
| Specific deduction | $0 |
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| Other organizations in Vermont | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | First Medical Insurance Compant A Risk Retention Group | C/O Marsh Management Services Inc, Burlington, VT 05401 | VT | 2004-12 | $69,356,541 |
| 2 | Vt Life & Health Insurance Guaranty Association | 1 National Life Dr, Montpelier, VT 05604-1000 | VT | 1975-07 | $1,402,716 |
| 3 | Knights Of Columbus | Po Box 635, Derby, VT 05829 | VT | 1940-10 | $55,259 |
| 4 | Plumbers & Pipefitters Local 693 Health & Welfare Fund | 3 Gregory Dr, S Burlington, VT 05403-6061 | VT | 1966-11 | $1,886,042 |
| 5 | Addison County Community Action Group Inc | PO BOX 165, Middlebury, VT 05753-0165 | VT | 1974-09 | $1,998,002 |
| 6 | Addison County Community Trust | PO BOX 7, Randolph, VT 05060-0007 | VT | 1990-11 | $2,875,230 |
| 7 | Agassiz Assurance Company | 100 Bank St Ste 610, Burlington, VT 05401-4946 | VT | 2005-11 | $17,145,229 |
| 8 | Aloha Foundation Inc | 2968 Lake Morey Rd, Fairlee, VT 05045-9400 | VT | 1913-03 | $9,522,421 |
| 9 | Bellows Falls Area Senior Center Inc | 18 Tuttle St, Bellows Falls, VT 05101-1226 | VT | 1991-01 | $232,313 |
| 10 | Broc-Community Action In Southwestern Vermont | 60 Center St, Rutland, VT 05701-4018 | VT | 1972-06 | $6,046,338 |
| 11 | Bryan Memorial Gallery Foundation Inc | PO BOX 340, Jeffersonvlle, VT 05464-0340 | VT | 1983-06 | $356,441 |
| 12 | Caledonia-Essex Area Ambulance, Calex | PO BOX 570, St Johnsbury, VT 05819-0570 | VT | 1987-06 | $1,431,310 |
| 13 | Champlain Islanders Developing Essential Resources, C I D E R | PO BOX 13, South Hero, VT 05486-0013 | VT | 1994-08 | $631,175 |
| 14 | Champlain Valley Exposition Inc | PO BOX 209, Essex Jct, VT 05453-0209 | VT | 1994-08 | $4,330,552 |
| 15 | Charlotte Fire And Rescue Services Inc | PO BOX 85, Charlotte, VT 05445-0085 | VT | 2002-04 | $1,590,683 |
| 16 | Copley Woodlands Inc | 125 Thomas Lane, Stowe, VT 05672-4870 | VT | 1997-03 | $834,774 |
| 17 | Deerfield Valley Transit Association Inc | PO BOX 429, West Dover, VT 05356-0429 | VT | 1997-08 | $3,051,788 |
| 18 | Flynn Center For The Performing Arts Ltd | 153 Main St, Burlington, VT 05401-8402 | VT | 1980-11 | $6,247,798 |
| 19 | Frog Hollow Craft Association Inc, Frog Hollow Vermont Craft Center | 85 Church St, Burlington, VT 05401-4420 | VT | 1971-10 | $34,155 |
| 20 | Green Mountain Club Inc, Green Mountain Club Burlington Section | 52 N Union St, Burlington, VT 05401 | VT | 1979-04 | $2,592,370 |
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