Morris And Bessie Altman Foundation in Shelburne, 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
| Morris And Bessie Altman Foundation | |
| Employer Identification Number (EIN) | 030323120 |
| Name of Organization | Morris And Bessie Altman Foundation |
| In Care of Name | Peterstern |
| Address | PO BOX 458, Shelburne, VT 05482-0458 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 06/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,725,889 |
| Amount of Income | $1,387,419 |
| Form 990 Revenue Amount | $272,900 |
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 | $272,900 | $134,432 | $0 | |
| Contributions, gifts, grants, etc., received | $138,468 | |||
| Interest on savings and temporary cash investments | $33 | |||
| Dividends and interest from securities | $47,509 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $40,032 | |||
| Other | $46,858 | |||
| Total expenses and disbursements | $208,387 | $19,944 | $0 | $182,800 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $25,587 | $19,944 | $0 | |
| Contributions, gifts, grants paid | $182,800 | |||
| Excess of revenue over expenses and disbursements | $64,513 | |||
| Net investment income | $114,488 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,723,780 | $2,210,993 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,192,562 | |
| Investments-corporate bonds | $316,170 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $32,187 | |
| Other | $182,861 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,723,780 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $46,858 |
| 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 | $1,145 |
| Total credits and payments | $2,357 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,357 |
| 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 | $25 |
| Tax due | $0 |
| Overpayment | $1,187 |
| Amount to be credited to 2013 estimated tax | $1,148 |
| 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? | Yes |
| 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 | $2,186,040 |
| Net value of noncharitable-use assets | $2,153,240 |
| Minimum investment return | $107,662 |
| Distributable Amount (for 2012) | |
| Distributable amount | $106,517 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $106,517 |
| 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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| Other organizations in Vermont | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mobility Without Barriers Foundation | PO BOX 38, Vergennes, VT 05491-0038 | VT | 2004-01 | $195,997 |
| 2 | Mobius Inc | 20 Winooski Falls Way Ste 105, Winooski, VT 05404-2275 | VT | 2003-07 | $382,429 |
| 3 | Monkton Volunteer Fire Dept Inc | 3747 State Prision Hollow Rd, Monkton, VT 05469 | VT | 1973-05 | $108,986 |
| 4 | Montessori School Of Central Vermont Inc | 89 Karl Cir Unit 3, Berlin, VT 05602-9513 | VT | 1974-06 | $491,326 |
| 5 | Monteverdi Music School Inc | PO BOX 1062, Montpelier, VT 05601-1062 | VT | 1995-12 | $168,233 |
| 6 | Montpelier Downtown Community Association, Montpelier Alive | 39 Main St, Montpelier, VT 05602-3064 | VT | 2002-02 | $125,688 |
| 7 | Moore Free Library | PO BOX 208, Newfane, VT 05345-0208 | VT | 1999-02 | $74,175 |
| 8 | Moosalamoo Ecotourism Association | Po Box 148, Brandon, VT 05733 | VT | 2000-01 | $89,842 |
| 9 | Morningside House Inc | PO BOX 370, Brattleboro, VT 05302-0370 | VT | 1979-01 | $819,826 |
| 10 | Morrill Memorial Library | PO BOX 110, Strafford, VT 05072-0110 | VT | 1964-11 | $109,130 |
| 11 | Morris And Bessie Altman Foundation | PO BOX 458, Shelburne, VT 05482-0458 | VT | $1,387,419 | |
| 12 | Morristown After School Program | PO BOX 858, Morrisville, VT 05661-0858 | VT | 1995-04 | $228,662 |
| 13 | Morristown Centennial Library Association, Friends Of Morristown Library | Po Box 727, Morrisville, VT 05661 | VT | 1976-01 | $288,064 |
| 14 | Morristown Corners Water Corp | PO BOX 187, Morrisville, VT 05661 | VT | 1999-05 | $0 |
| 15 | Morristown Historical Society Inc | PO BOX 696, Morrisville, VT 05661-0696 | VT | 1958-12 | $52,385 |
| 16 | Morrisville Soccer Club Inc | PO BOX 1636, Morrisville, VT 05661-1636 | VT | 2006-06 | $97,696 |
| 17 | Mount Anthony Housing Corporation | 160 Hospital Dr, Bennington, VT 05201-2279 | VT | 1991-09 | $11,628,088 |
| 18 | Mount Holly Community Historical Museum Inc | PO BOX 17, Belmont, VT 05730-0017 | VT | 2008-02 | $67,301 |
| 19 | Mount Independence Coalition | PO BOX 53, Orwell, VT 05760-0053 | VT | 1995-11 | $2,650 |
| 20 | Mount Laurel Foundation Inc | PO BOX 915, Manchester, VT 05254-0915 | VT | 1963-04 | $449,185 |
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