Paul And Margaret Porter Charitable Foundation in Danville, Kentucky (KY)

Organization representatives - add corrected or new information about Paul And Margaret Porter Charitable Foundation »

Non-representatives - add comments about Paul And Margaret Porter Charitable Foundation»

Paul And Margaret Porter Charitable Foundation
Employer Identification Number (EIN)591750571
Name of OrganizationPaul And Margaret Porter Charitable Foundation
Address109 Cottage Mnr, Danville, KY 40422-1570
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date09/1977
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$847,653
Amount of Income$419,117
Form 990 Revenue Amount$47,586


Non-representatives - add comments:


CAPTCHA

Your IP address 54.226.189.112 will be logged.

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$60,538$60,002$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$1,866
Dividends and interest from securities$18,655
Gross rents$0
Gross sales price for all assets$405,495
Gross profit from sales of goods$0
Other income$-6,899
Other$46,916
Total expenses and disbursements$72,574$13,731$0$52,750
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$5,500
Interest$16
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$5,504
Printing and publications$0
Total operating and administrative expenses$19,824$13,731$0
Contributions, gifts, grants paid$52,750
Excess of revenue over expenses and disbursements$-12,036
Net investment income$46,271
Adjusted net income$0
Balance Sheets
2010201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$896,799$979,407$879,052$893,138$859,689$922,270$847,653$1,002,527
Cash - non-interest-bearing$3,266$14,961$11,160$27,563
Investments-U.S. and state government obligations$632,969$60,962$75,989$65,825
Investments-corporate stock$0$608,404$601,416$638,985
Investments-corporate bonds$0$0$0$0
Investments-mortgage loans$0$0$0$0
Investments-other$177,516$160,822$149,452$0
Other assets$0$0
Total liabilities$0$0$0$0
Total liabilities and net assets/fund balances$896,799$879,052$859,689$847,653
Capital Gains and Losses for Tax on Investment Income
2010201120122013
Capital gain net income$63,288$33,540$21,687$46,916
Net capital loss$0$0$0$0
Excise Tax Based on Investment Income
2010201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNoNo
Tax based on investment income$1,205$408$296$463
Total credits and payments$497$1,240$832$300
Current year estimated tax payments and previous year's overpayment credited to current year$247$1,240$832$300
Exempt foreign organizations-tax withheld at source$0$0$0$0
Tax paid with application for extension of time to file (Form 8868)$250$0$0$0
Backup withholding erroneously withheld$0$0$0$0
Any penalty for underpayment of estimated tax$0$0$0$0
Tax due$0$163
Overpayment$536$0
Amount to be credited to next year's estimated tax$0$832$536$0
Statements Regarding Activities
2010201120122013
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?NoNoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
2010201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNoNo
Agree to pay money or property to a government official?NoNoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNoNo
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)?NoNoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
2010201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$897,694$973,824$945,464$983,201
Net value of noncharitable-use assets$931,282$968,453
Minimum investment return$44,211$47,961$46,564$48,423
Distributable Amount
2010201120122013
Distributable amount$43,006$47,553$46,268$47,960
Undistributed Income
2010201120122013
Distributable amount for this year$43,006$47,553$46,268$47,960
Undistributed income for this year. This amount must be distributed in the next year$0$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$1,866$0
Dividends and interest from securities$18,655$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Paul And Margaret Porter Charitable Foundation to others? (optional)
  
Add photo of Paul And Margaret Porter Charitable Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Other organizations in Kentucky
IdNameAddressStateEstablishedTotal Income
1Pioneer School Of Drama Pioneer Playhouse840 Stanford Rd, Danville, KY 40422-9300KY1960-03$404,003
2Pioneer Spay Neuter Clinic Inc, Dba Critters Wo Litters165 Eminence Avenue, Harrodsburg, KY 40330KY2009-01$0
3Pioneer Voc Indstrl Services Inc150 Corporate Dr, Danville, KY 40422-9690KY1969-08$1,754,577
4Pioneers IncorporatedPO BOX 820, Hopkinsville, KY 42241-0820KY1989-04$177,864
5Piping Industry Cooperative Of Kentuckiana Trust Fund1317 Berry Blvd, Louisville, KY 40215-1950KY1993-12$61,613
6Pisacano Leadership Foundation Inc1648 Mcgrathiana Pkwy Ste 550, Lexington, KY 40511-1342KY1991-01$2,829,764
7Pisgah Community Historic Association Inc3170 Pisgah Rd, Versailles, KY 40383-9757KY1987-08$25,152
8Pkt Beta Beta House Corp8012 Albrecht Cir, Louisville, KY 40241-5524KY2007-12$123,569
9Ornamental Concrete Producers Association759 Phelps Johnson Rd, Leitchfield, KY 42754-9208KY1992-09$116,795
10Pharmaceutical Management Science Association3493 Lansdowne Dr Ste 2, Lexington, KY 40517-1147KY1988-11$416,674
11Paul And Margaret Porter Charitable Foundation109 Cottage Mnr, Danville, KY 40422-1570KY1977-09$419,117
12Pass It On Ministries Inc932 Riva Ridge, Union, KY 41091KY2007-05$9,878
13Peter V Browning Family Foundation Inc715 Bakewell St, Covington, KY 41011-1227KY2000-05$129,918
14Phillips Family Foundation715 Bakewell St, Covington, KY 41011-1227KY1998-01$1,271,096
15Phi Upsilon Omicron IncPO BOX 50970, Bowling Green, KY 42102-4270KY1947-10$125,312
16Plainview Maintenance Association Inc600 N Hurstbourne Pkwy Ste 300, Louisville, KY 40222-5388KY1974-01$99,017
17Plainview Swim & Dive Team Inc201 Wenham Way, Louisville, KY 40223-3320KY2008-10$50,326
18Planned Parenthood Of Kentucky Inc1025 S 2nd St, Louisville, KY 40203-5442KY1958-08$540,077
19Planned Parenthood Of The Bluegrass Inc508 W 2nd St, Lexington, KY 40508-1204KY1982-02$605,214
20Plano Elementary Pto2650 Plano Rd, Bowling Green, KY 42104-0374KY2007-10$49,286

faqs.org is not associated with, endorsed by, or sponsored by Paul And Margaret Porter Charitable Foundation and has no official or unofficial affiliation with Paul And Margaret Porter Charitable Foundation