Bernard C And Pansy P Wellington Foundation in Huntington, West Virginia (WV)
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 West Virginia
| Bernard C And Pansy P Wellington Foundation | |
| Employer Identification Number (EIN) | 550690968 |
| Name of Organization | Bernard C And Pansy P Wellington Foundation |
| Address | 214 North Blvd W, Huntington, WV 25701-3042 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1989 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 09/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,015,985 |
| Amount of Income | $193,308 |
| Form 990 Revenue Amount | $-2,091 |
Non-representatives - add comments:
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 | $-2,091 | $22,021 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $22,021 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $25,991 | $8,725 | $0 | $17,000 |
| Compensation of officers, directors, trustees, etc. | $6,025 | |||
| Total operating and administrative expenses | $8,991 | $8,725 | $0 | |
| Contributions, gifts, grants paid | $17,000 | |||
| Excess of revenue over expenses and disbursements | $-28,082 | |||
| Net investment income | $13,296 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $985,607 | $985,607 |
| Cash - non-interest-bearing | $11,036 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $949,391 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $25,180 | |
| Total liabilities | $100 | |
| Mortgages and other notes payable | $0 | |
| Other | $100 | |
| Total liabilities and net assets/fund balances | $985,507 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-24,112 |
| 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 | $266 |
| Total credits and payments | $166 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $166 |
| 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 | $100 |
| 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? | 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 | $933,898 |
| Net value of noncharitable-use assets | $919,900 |
| Minimum investment return | $45,995 |
| Distributable Amount (for 2012) | |
| Distributable amount | $45,729 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $45,729 |
| 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 West Virginia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Berkeley 2000 Foundation | PO BOX 1537, Martinsburg, WV 25402-1537 | WV | 1992-07 | $11,059 |
| 2 | Berkeley County Congregational Cooperative Action Project Inc | 336 S Queen St, Martinsburg, WV 25401-3232 | WV | 1983-02 | $457,490 |
| 3 | Berkeley County Girls Select Softball Teams Inc, Girls Select Softball Team | PO BOX 1810, Hedgesville, WV 25427-1810 | WV | 2000-12 | $49,847 |
| 4 | Berkeley County Historical Society Inc | PO BOX 1624, Martinsburg, WV 25402-1624 | WV | 1994-03 | $38,528 |
| 5 | Berkeley County Humane Society | 554 Charles Town Rd, Martinsburg, WV 25405-5506 | WV | 1977-09 | $365,303 |
| 6 | Berkeley County Meals-On-Wheels Inc | 116 E King Street, Martinsburg, WV 25401-4225 | WV | 1972-01 | $151,148 |
| 7 | Berkeley County Youth Fair Inc | PO BOX 1302, Martinsburg, WV 25402-1302 | WV | 1976-10 | $311,087 |
| 8 | Berkeley Minor & Susan Fontaine Minor Foundation | 300 Summers St Ste 620, Charleston, WV 25301-1624 | WV | 1961-10 | $66,614 |
| 9 | Berkeley Senior Sevices | 217 N High St, Martinsburg, WV 25404-4419 | WV | 1978-08 | $2,084,509 |
| 10 | Berkeley Springs Lodge 1483, Loyal Order Of Moose | 593 N Washington St, Berkeley Spgs, WV 25411-4557 | WV | 1935-08 | $227,699 |
| 11 | Bernard C And Pansy P Wellington Foundation | 214 North Blvd W, Huntington, WV 25701-3042 | WV | 1989-08 | $193,308 |
| 12 | Bernard H & Blanche E Jacobson Foundation | 300 Summers St Ste 620, Charleston, WV 25301-1624 | WV | 1954-06 | $3,928,013 |
| 13 | Bernard Mcdonough Foundation Inc | 311 4th St, Parkersburg, WV 26101-5315 | WV | 1964-02 | $53,665,684 |
| 14 | Bernice Pickens Parsons Foundation Tr | PO BOX 393, Charleston, WV 25322-0393 | WV | $178,729 | |
| 15 | Berry Hills Country Club | 1 Berry Hills Drive, Charleston, WV 25314 | WV | 1954-03 | $3,812,834 |
| 16 | Berwind Volunteer Fire Department | PO BOX 8, Berwind, WV 24815-0008 | WV | 1994-11 | $54,453 |
| 17 | Bessie Stewart Tr Fbo James Wood Chapter Dar | 514 Market St, Parkersburg, WV 26101-5144 | WV | $235,967 | |
| 18 | Beta Chi Housing Corp | Po Box 726, Buckhannon, WV 26201 | WV | 1988-10 | $42,600 |
| 19 | Bethany Peace Point Equestrian Foundation Inc | 1500 Brinker Rd, Wellsburg, WV 26070 | WV | 2002-11 | $20,225 |
| 20 | Bethlehem Family And Community Enrichment Center Inc | 11717 Maccorkle Ave, Chesapeake, WV 25315-1036 | WV | 2004-05 | $12,000 |
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