Keal Foundation in Colchester, 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
- Other organizations in Vermont
| Keal Foundation | |
| Employer Identification Number (EIN) | 030280402 |
| Name of Organization | Keal Foundation |
| In Care of Name | Jmm |
| Address | Co Mgv 382 Hercules Drive Suite 6, Colchester, VT 05446 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 06/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $357,462 |
| Amount of Income | $184,245 |
| Form 990 Revenue Amount | $10,000 |
Non-representatives - add comments:
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 | $139,192 | $139,192 | $139,192 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $139,192 | |||
| Total expenses and disbursements | $11,340 | $0 | $1,340 | $10,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,340 | $0 | $0 | |
| Contributions, gifts, grants paid | $10,000 | |||
| Excess of revenue over expenses and disbursements | $127,852 | |||
| Net investment income | $139,192 | |||
| Adjusted net income | $137,852 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $345,889 | $374,338 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $345,889 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $345,889 | |
| 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 | $1,392 |
| Total credits and payments | $13,919 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| 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 | $13,919 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $12,527 |
| 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 | $166,023 |
| Net value of noncharitable-use assets | $163,540 |
| Minimum investment return | $8,177 |
| Distributable Amount (for 2012) | |
| Distributable amount | $6,785 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $6,785 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $5,169 |
| 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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| Other organizations in Vermont | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | John M Colton Charitable Trust Uw | PO BOX 303, Barton, VT 05822-0303 | VT | 1997-05 | $55,118 |
| 2 | John W Graham Emergency Shelter Services Inc | 69 Main St, Vergennes, VT 05491-1114 | VT | 1981-04 | $519,697 |
| 3 | John Woodruff Simpson Memorial Library Inc | 1972 E Craftsbury Rd, E Craftsbury, VT 05826 | VT | 1941-01 | $47,102 |
| 4 | Johnson After School Program Incorporated | 130 Edwards Rd, Jeffersonvlle, VT 05464-9534 | VT | 1999-12 | $85,426 |
| 5 | Joint Urban Ministry Project Inc | 38 S Winooski Ave, Burlington, VT 05401-3828 | VT | 2005-03 | $251,467 |
| 6 | Joppa Prn Inc | 5 Rowdy Acres, Chittenden, VT 05737 | VT | 2008-02 | $0 |
| 7 | Jumpstart Coalition For Personal Financial Literacy | Po Box 26, Montpelier, VT 05601 | VT | 2001-02 | $0 |
| 8 | Kadmus Inc | 74 Monument Ave, Bennington, VT 05201-2100 | VT | 2002-02 | $10,065 |
| 9 | Kagando Mission Hospital Foundation Inc Us | PO BOX 724, Dorset, VT 05251-0724 | VT | 2004-02 | $170,043 |
| 10 | Kaufman Fam Foundation | PO BOX 120, Newport, VT 05855-0120 | VT | 2005-06 | $1,558,704 |
| 11 | Keal Foundation | Co Mgv 382 Hercules Drive Suite 6, Colchester, VT 05446 | VT | 1982-06 | $184,245 |
| 12 | Keelan Family Foundation | 3302 Vermont Route 7a, Arlington, VT 05250-8875 | VT | $4,490 | |
| 13 | Keeping Track Inc | PO BOX 444, Huntington, VT 05462-0444 | VT | 1995-01 | $149,973 |
| 14 | Kellogg Hubbard Library | 135 Main St, Montpelier, VT 05602-2909 | VT | 1979-04 | $980,977 |
| 15 | Kelly S Brush Foundation | 7 Aspen Drive, South Burlington, VT 05403-6246 | VT | 2006-10 | $349,029 |
| 16 | Keniston And Dane Educational Fund | 533 Mosher Rd, Sheffield, VT 05866 | VT | $951,199 | |
| 17 | Kenya Self-Help Project | 32 Thibault Pkwy, Burlington, VT 05401-1526 | VT | 2007-06 | $132,996 |
| 18 | Keystone Indemnity Company Ltd | 126 College St Ste 400, Burlington, VT 05401-8456 | VT | 2002-09 | $4,206,833 |
| 19 | Kid Watch Inc | 372 Paine Tpk N Ste 2, Berlin, VT 05602-9142 | VT | 1999-10 | $106,749 |
| 20 | Kids In The Country Child Care And Preschool Inc | 22 Holland Rd, East Dover, VT 05341-9617 | VT | 1976-05 | $165,387 |
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