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THE SUMMIT BEVERAGE-MARKOVICH FAMILY CHARITABLE FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
THE SUMMIT BEVERAGE-MARKOVICH FAMILY CHARITABLE FOUNDATION (EIN 45-3668413)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-05-09
IRS object ID
201401299349101915
Schema version
2013v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2014-05-09T15:23:21-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1One Hollow Ln Ste 212AddressLine1
CityLake SuccessCity
StateNYState
ZIP Code11042ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453668413EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Summit Beverage - Markovich FamilyBusinessNameLine1
Business Name Line2Charitable FoundationBusinessNameLine2
FieldValueIRS element (for citing)
In Care Of% c/o Foundation SourceInCareOfNm
Business Name ControlSUMMBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1
Address Line2Suite 123AddressLine2
CityWilmingtonCity
StateDEState
ZIP Code198091377ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDale MarkovichPersonNm
Person TitlePresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2014-03-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$256,738FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$39,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$67InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$67InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$11,338DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11,338DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$28,913NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$118,870GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$21,492TotalRevAndExpnssAmt
Total Net Invst Incm$11,405TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$1,718OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$1,718OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$34TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$5,998OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$150OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$5,848OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$7,750TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$150TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,566TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$36,667ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$36,667ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$44,417TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$150TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$44,233TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$22,925ExcessRevenueOverExpensesAmt
Net Investment Income$11,255NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$207,572SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$64,314SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$64,314SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$120,333CorporateStockEOYAmt
Corporate Stock EOYFMV$119,224CorporateStockEOYFMVAmt
Corporate Bonds BOY$74,525CorporateBondsBOYAmt
Corporate Bonds EOY$74,525CorporateBondsEOYAmt
Corporate Bonds EOYFMV$73,200CorporateBondsEOYFMVAmt
Total Assets BOY$282,097TotalAssetsBOYAmt
Total Assets EOY$259,172TotalAssetsEOYAmt
Total Assets EOYFMV$256,738TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$282,097RetainedEarningBOYAmt
Retained Earning EOY$259,172RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$282,097TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$259,172TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$282,097TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$259,172TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$282,097TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$22,925ExcessRevenueOverExpensesAmt
Subtotal$259,172SubtotalAmt
Tot Net Ast Or Fund Balances EOY$259,172TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$118,870GrossSalesPriceAmt
Cost Or Other Basis$147,783CostOrOtherBasisAmt
Gain Or Loss-$28,913GainOrLossAmt
Gains Minus Excess Or Losses-$28,913GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$28,913CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$21,254AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$148,297NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.14332DistributionYr1Rt
Net Vl Noncharitable Assets Yr2$24,625NetVlNoncharitableAssetsYr2Amt
Total Distribution0.14332TotalDistributionRt
Average Distribution0.07166AverageDistributionRt
Net Vl Noncharitable Assets$247,696NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$17,750AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$113NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$17,863AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$44,233QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$113InvestmentIncomeExciseTaxAmt
Subtotal$113SubtotalAmt
Tax Based On Investment Income$113TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$113TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1co Foundation SourceBusinessNameLine1
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1
CityWilmingtonCity
StateDEState
ZIP Code198091377ZIPCode
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDale MarkovichPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1
CityWilmingtonCity
StateDEState
ZIP Code198091377ZIPCode
FieldValueIRS element (for citing)
TitlePres / Dir / SecTitleTxt
Average Hrs Per Wk Devoted To Pos1.0AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$211,311AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$40,157AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$251,468TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$251,468AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,772CashDeemedCharitableAmt
Net Vl Noncharitable Assets$247,696NetVlNoncharitableAssetsAmt
Minimum Investment Return$12,385MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$12,385MinimumInvestmentReturnAmt
Tax Based On Investment Income$113TaxBasedOnInvestmentIncomeAmt
Total Tax$113TotalTaxAmt
Distributable Before Adj$12,272DistributableBeforeAdjAmt
Distributable Before Ded$12,272DistributableBeforeDedAmt
Distributable As Adjusted$12,272DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$44,233ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$44,233QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$113PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$44,120AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$12,272DistributableAsAdjustedAmt
Prior Year12011PriorYear1Yr
Prior Year22010PriorYear2Yr
Prior Year32009PriorYear3Yr
Excess Distribution Cyov Yr1$13,657ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$13,657TotalExcessDistributionCyovAmt
Qualifying Distributions$44,233QualifyingDistributionsAmt
Applied To Current Year$12,272AppliedToCurrentYearAmt
Remaining Distri From Corpus$31,961RemainingDistriFromCorpusAmt
Total Corpus$45,618TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$45,618ExcessDistriCyovToNextYrAmt
Excess From Year1$13,657ExcessFromYear1Amt
Excess From Current Year$31,961ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BUTTE EMERGENCY FOOD BANK
1019 E 2ND STBUTTEMT59701N/APCThanksgiving Turkey Drive$1,000
BUTTE SYMPHONY ASSOCIATION
PO BOX 725BUTTEMT59703N/APCSymphony Concert Season Fund$1,000
BUTTE-SILVER BOW LED
225 ALASKA STBUTTEMT59701N/APCLocal drug fund of the Butte police department for drug detection dog$5,000
CENTER FOR ALCOHOL POLICY
1101 KING STALEXANDRIAVA22314N/ASO IGeneral & Unrestricted$2,000
COMMUNITY MEDICAL CENTER FOUNDATION
2827 FT MSLA RDMISSOULAMT59804N/APCLabor and Delivery Unit$20,000
MISSOULA FOOD BANK INC
219 S 3RD ST WMISSOULAMT59801N/APCGeneral & Unrestricted$3,000
MISSOULA SENTINEL HIGH SCHOOL
901 S AVE WMISSOULAMT59801N/APCSentinel Weight Room Capital Campaign$3,000
MONTANA TECH FOUNDATION
1300 W PARK STBUTTEMT59701N/APCHallowed Ground Project$1,667
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$36,667TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$67ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11,338ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$28,913ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$17,508ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$17,508TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonRoach Smith Distributors IncContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1c/o Mark Rule 270 East Park StAddressLine1
CityButteCity
StateMTState
ZIP Code59701ZIPCode
FieldValueIRS element (for citing)
Total Contributions$39,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondWACHOVIA CAP TR BONDS - 5.8%BondNm
EOY Book Value$74,525EOYBookValueAmt
EOYFMV$73,200EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AEGON NV PFD - 7.250%$30,249$30,443
DOMINION RES INC VA 8.375%$30,039$29,601
NEXTERA ENERGY CAPITAL HOLDING$29,787$29,291
VORNADO REALTY LP PUBLIC INC$30,258$29,889

Investments Land Schedule2 InvestmentsLandSchedule2

Land Etc Schedule2 LandEtcSchedule2

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Administrative Fees$5,823$5,823
Bank Charges$150$150
State or Local Filing Fees$25$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryPROFESSIONAL DESIGN SERVICESCategoryTxt
Amt$1,718Amt
Disbursements Charitable Prps$1,718DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category990-PF Excise Tax for 2012CategoryTxt
Amt$34Amt

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