George W Mergens Foundation in Milton, 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
- Organizations performing similar types of work
| George W Mergens Foundation | |
| Employer Identification Number (EIN) | 030345055 |
| Name of Organization | George W Mergens Foundation |
| In Care of Name | Paul Mergens |
| Address | PO BOX 633, Milton, VT 05468-0633 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 08/2014 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $9,093,620 |
| Amount of Income | $1,682,677 |
| Form 990 Revenue Amount | $518,815 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Performing Arts Organizations |
Non-representatives - add comments:
Amount of income in 2014: $1,682,677 (it was $2,049,931 in 2012)
| This organization: | $1,682,677 |
| Other organizations performing similar types of work: | $64,038 |
Assets in 2014: $9,093,620 (it was $8,951,271 in 2012)
| This organization: | $9,093,620 |
| Other organizations performing similar types of work: | $38,839 |
Expenses in 2012: $535,016
| George W Mergens Foundation: | $535,016 |
| Other organizations performing similar types of work: | $76,494 |
Income to expenses ratio in 2012: 3.1
| This organization: | 3.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
| George W Mergens Foundation: | 0.0% |
| Other organizations performing similar types of work: | 46.2% |
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 | $411,261 | $411,261 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $294,829 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $116,432 | |||
| Total expenses and disbursements | $535,016 | $116,667 | $0 | $354,623 |
| Compensation of officers, directors, trustees, etc. | $100,000 | |||
| Total operating and administrative expenses | $390,195 | $116,667 | $209,802 | |
| Contributions, gifts, grants paid | $144,821 | |||
| Excess of revenue over expenses and disbursements | $-123,755 | |||
| Net investment income | $294,594 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,951,271 | $9,904,872 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $57,756 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $8,366,804 | |
| Other | $526,711 | |
| Total liabilities | $164 | |
| Mortgages and other notes payable | $0 | |
| Other | $164 | |
| Total liabilities and net assets/fund balances | $8,951,107 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $116,432 |
| 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 | $5,892 |
| Total credits and payments | $8,400 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $8,400 |
| 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 | $2,508 |
| Amount to be credited to 2013 estimated tax | $2,508 |
| 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 | $9,760,090 |
| Net value of noncharitable-use assets | $9,613,680 |
| Minimum investment return | $480,684 |
| Distributable Amount (for 2012) | |
| Distributable amount | $474,792 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $474,792 |
| 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 | Society For The Performing Arts | 615 Louisiana Street, Houston, TX 77002-2715 | TX | 1966-11 | $4,898,589 |
| 2 | Womans Exchange Inc Of Sarasota | 539 S Orange Ave, Sarasota, FL 34236-7501 | FL | 1970-07 | $3,692,694 |
| 3 | Young Audiences Inc | 200 Madison Avenue No 200, New York, NY 10016-3903 | NY | 1953-08 | $3,678,121 |
| 4 | Childrens Creativity Museum | 221 4th St, San Francisco, CA 94103-3116 | CA | 1993-06 | $1,921,683 |
| 5 | George W Mergens Foundation | PO BOX 633, Milton, VT 05468-0633 | VT | 1995-05 | $1,682,677 |
| 6 | Stadium Theatre Foundation | 28 Monument Sq, Woonsocket, RI 02895-3023 | RI | 1996-05 | $1,558,953 |
| 7 | The Dowmel Foundation | PO BOX 719, Lenox, MA 01240-0719 | MA | 1996-02 | $1,526,174 |
| 8 | Tournament Of Bands Music Festival Inc | 2425 Carriage Dr, Bath, PA 18014-2001 | PA | 1991-07 | $1,193,111 |
| 9 | Thalian Hall Center For Performing Arts Inc | PO BOX 371, Wilmington, NC 28402-0371 | NC | 1972-04 | $1,117,932 |
| 10 | Vocal Arts Society | PO BOX 42423, Washington, DC 20015-0423 | DC | 1991-03 | $825,839 |
| 11 | Telluride Society For Jazz | PO BOX 2132, Telluride, CO 81435-2132 | CO | 1992-12 | $547,170 |
| 12 | Scottish Fiddlers Of California | 1502 Kona Pl, Santa Rosa, CA 95403-8605 | CA | 1991-05 | $525,948 |
| 13 | Sacramento Childrens Chorus | 25 Cadillac Dr Ste 100, Sacramento, CA 95825-8350 | CA | 1998-11 | $524,006 |
| 14 | New Earth Organization | 23200 Red Rock Road, Topanga, CA 90290 | CA | 1997-01 | $452,584 |
| 15 | Aloha Performing Arts Company | PO BOX 794, Kealakekua, HI 96750-0794 | HI | 1988-10 | $394,788 |
| 16 | Red Wolf Productions Inc | 20 Idlebrook Lane, Aberdeen, NJ 07747 | NJ | 1994-04 | $341,814 |
| 17 | Thomasville Entertainment Foundation Inc | PO BOX 1976, Thomasville, GA 31799-1976 | GA | 1968-03 | $304,441 |
| 18 | Stowe Performing Arts Inc | PO BOX 3283, Stowe, VT 05672-3283 | VT | 1977-05 | $180,346 |
| 19 | Friends Of The Yankee Brass Inc | Po Box 1461, White River Junction, VT 05001 | VT | 1996-10 | $0 |
| 20 | Music At Orchard Hill Inc | 1004 Upper Dummerston Rd, Brattleboro, VT 05301 | VT | 1995-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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