William & Gayle Chorske Family Foundation Ltd in Woodstock, 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
| William & Gayle Chorske Family Foundation Ltd | |
| Employer Identification Number (EIN) | 043382941 |
| Name of Organization | William & Gayle Chorske Family Foundation Ltd |
| In Care of Name | William W Chorske - President |
| Address | PO BOX 208, Woodstock, VT 05091-0208 |
| Activities | Gifts or grants to individuals (other than scholarships) |
| Subsection | Charitable Organization |
| Ruling Date | 12/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $963,642 |
| Amount of Income | $294,654 |
| Form 990 Revenue Amount | $123,954 |
| 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 | $54,365 | $54,365 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $19,742 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $98 | |||
| Other | $34,525 | |||
| Total expenses and disbursements | $78,142 | $3,516 | $0 | $72,186 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,956 | $3,516 | $0 | |
| Contributions, gifts, grants paid | $72,186 | |||
| Excess of revenue over expenses and disbursements | $-23,777 | |||
| Net investment income | $50,849 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $916,638 | $1,144,249 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $729,259 | |
| Investments-corporate bonds | $137,408 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $49,971 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $916,638 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $34,525 |
| 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 | $508 |
| Total credits and payments | $2,440 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,440 |
| 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 | $1,932 |
| Amount to be credited to 2013 estimated tax | $1,932 |
| 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 | $1,119,586 |
| Net value of noncharitable-use assets | $1,102,800 |
| Minimum investment return | $55,140 |
| Distributable Amount (for 2012) | |
| Distributable amount | $54,632 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $54,632 |
| 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 | Waterbury Area Senior Citizens Assn | 14 Stowe St, Waterbury, VT 05676-1819 | VT | 1994-06 | $166,968 |
| 2 | Weathervane United Inc | 2500 S Lincoln Rd, Lincoln, VT 05443-9538 | VT | 1984-09 | $115,837 |
| 3 | Wells River Library Asociation | PO BOX 337, Wells River, VT 05081-0337 | VT | 1978-05 | $38,769 |
| 4 | West Bee Nursery School Inc | 880 Western Ave Ste 2, Brattleboro, VT 05301-6142 | VT | 2000-03 | $112,923 |
| 5 | West Dover Volunteer Firefighters Association Inc | PO BOX 1076, W Dover, VT 05356-1076 | VT | 1967-04 | $38,183 |
| 6 | West Windsor Historical Society | PO BOX 12, Brownsville, VT 05037-0012 | VT | 1974-02 | $13,823 |
| 7 | Weston Playhouse Theatre | 703 Main St, Weston, VT 05161-5501 | VT | 1989-06 | $2,562,234 |
| 8 | White River Craft Center Inc | 50 Randolph Ave, Randolph, VT 05060-1163 | VT | 1999-06 | $217,291 |
| 9 | White River Valley Ambulance Inc | PO BOX 7, Randolph, VT 05060-0007 | VT | 1975-11 | $1,402,775 |
| 10 | Whitingham Ambulance Service Inc | Po Box 963, Jacksonville, VT 05342 | VT | 1975-04 | $69,146 |
| 11 | William & Gayle Chorske Family Foundation Ltd | PO BOX 208, Woodstock, VT 05091-0208 | VT | 1997-12 | $294,654 |
| 12 | Wilson House Of East Dorset | PO BOX 46, East Dorset, VT 05253-0046 | VT | 1993-08 | $417,597 |
| 13 | Windham Foundation | PO BOX 70, Grafton, VT 05146-0070 | VT | 1964-08 | $3,922,845 |
| 14 | Windham Southeast Education Association | Po Box 742, Brattleboro, VT 05302 | VT | 1990-04 | $209,742 |
| 15 | Windsor Area Community Television Inc, Windsor On Air | PO BOX 15, Windsor, VT 05089-0015 | VT | 2001-04 | $66,520 |
| 16 | Windsor Improvement Corporation | PO BOX 66, Windsor, VT 05089-0066 | VT | 2002-11 | $77,808 |
| 17 | Winhall Fire Department Inc | Rte 30, Bondville, VT 05340 | VT | 1981-08 | $130,112 |
| 18 | Wolcott Volunteer Fire Dept Inc | Po Box 132, Wolcott, VT 05680 | VT | 1976-08 | $0 |
| 19 | Womens Community Center Inc | PO BOX 933, Brattleboro, VT 05302-0933 | VT | 1974-09 | $384,789 |
| 20 | Womens Link Worldwide Inc | PO BOX 415, Northfield, VT 05663-0415 | VT | 2001-10 | $1,311,187 |
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