Daniel J Preston Charitable Tr 4347-2 Dtd 020554, Delaware Academy Of Medicine in Wilmington, Delaware (DE)

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Daniel J Preston Charitable Tr 4347-2 Dtd 020554, Delaware Academy Of Medicine
Employer Identification Number (EIN)516149923
Name of OrganizationDaniel J Preston Charitable Tr 4347-2 Dtd 020554
Secondary NameDelaware Academy Of Medicine
In Care of NameTiedemann Trust Co
Address1201 N Market St Ste 1406, Wilmington, DE 19801-1163
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date09/1979
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,225,806
Amount of Income$2,043,936
Form 990 Revenue Amount$196,270


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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$422,899
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$170,947
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$251,952
Gross amount from sales of assets other than inventory (Securities / Other)$3,784,404 / $0
Less: cost or other basis and sales expenses (Securities / Other)$3,532,452 / $0
Gain or (loss) (Securities / Other)$251,952 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$264,482
Compensation of current officers, directors, trustees, and key employees$53,164
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$211,318
Balance Sheet (for 2011)
Total assets$4,315,425
Total liabilities$0
Total net assets or fund balances$4,315,425
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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