THE SUMMIT BEVERAGE-MARKOVICH FAMILY CHARITABLE FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: THE SUMMIT BEVERAGE-MARKOVICH FAMILY CHARITABLE FOUNDATION (EIN 45-3668413)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-05-09
IRS object ID: 201301299349101370
Schema version: 2012v2.2
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
Form 990-PF
Schedule B
Gain Loss Sale Other Assets Sch
General Explanation Attachment
Investments Corp Bonds Schedule
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-09T12:47:37-00:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	One Hollow Lane Suite 212	AddressLine1
City	Lake Success	City
State	NY	State
ZIP Code	11042	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	453668413	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	The Summit Beverage - Markovich Family Charitable Foundation	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SUMM	NameControl
Phone	8008391754	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Dale Markovich	Name
Title	President	Title
Date Signed	2013-05-09	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Jeffrey D Haskell	Name
Phone	8008391754	Phone
Date Prepared	2013-05-09	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	287172	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	150000	ContriReceivedRevAndExpnss
Dividends Rev And Expnss	3535	DividendsRevAndExpnss
Dividends Net Invst Incm	3535	DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	153535	TotalRevenueAndExpenses
Total Net Investment Income	3535	TotalNetInvestmentIncome
Other Expenses Rev And Expnss	10438	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	150	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	10288	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	10438	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	150	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	10288	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	11000	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	11000	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	21438	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	150	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	21288	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	132097	ExcessOfRevenueOverExpenses
Net Investment Income	3385	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	150000	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	207572	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	207572	SavingsAndTempCashInvstEOYFMV
Investments Corp Bonds EOY	74525	InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV	79600	InvestmentsCorpBondsEOYFMV
Total Assets BOY	150000	TotalAssetsBOY
Total Assets EOY	282097	TotalAssetsEOY
Total Assets EOYFMV	287172	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	150000	RetainedEarningsBOY
Retained Earnings EOY	282097	RetainedEarningsEOY
Total Net Assets BOY	150000	TotalNetAssetsBOY
Total Net Assets EOY	282097	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	150000	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	282097	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	150000	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	132097	ExcessOfRevenueOverExpenses
Subtotal	282097	Subtotal
Total Net Assets Fund Balances EOY	282097	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Noncharitable Assets Year1	24625	NoncharitableAssetsYear1
Net Noncharitable Assets	148297	NetNoncharitableAssets
One Percent Net Investment Income	34	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	34	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	21288	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	34	InvestmentIncomeExciseTax
Subtotal	34	Subtotal
Tax Based On Investment Income	34	TaxBasedOnInvestmentIncome
Tax Due	34	TaxDue

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	co Foundation Source	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	8008391754	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 Silverside Road Suite 123	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

Field	Value	IRS element (for citing)
Person Name	Dale Markovich	PersonName

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	19809	ZIPCode

Field	Value	IRS element (for citing)
Title	Pres / Dir / Sec	Title
Avg Hours Per Wk Devoted To Position	001.00	AvgHoursPerWkDevotedToPosition
Compensation	0	Compensation

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	70825	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	79730	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	150555	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	150555	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	2258	CashDeemedCharitable
Net Noncharitable Assets	148297	NetNoncharitableAssets
Minimum Investment Return	7415	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	7415	MinimumInvestmentReturn
Tax Based On Investment Income	34	TaxBasedOnInvestmentIncome
Total Tax	34	TotalTax
Distributable Amount Before Adj	7381	DistributableAmountBeforeAdj
Distributable Amount Before Ded	7381	DistributableAmountBeforeDed
Distributable Amount As Adjusted	7381	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	21288	ExpensesAndContributions
Qualifying Distributions	21288	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	34	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	21254	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	7381	DistributableAmountAsAdjusted
Undistributed Income Prior Year	250	UndistributedIncomePriorYear
Qualifying Distributions	21288	QualifyingDistributions
Applied To Year1	250	AppliedToYear1
Applied To Current Year	7381	AppliedToCurrentYear
Remaining Distri From Corpus	13657	RemainingDistriFromCorpus
Total Corpus	13657	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	13657	ExcessDistriCyovToNextYear
Excess From Current Year	13657	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
BUTTE SYMPHONY ASSOCIATION
PO BOX 725	BUTTE	MT	59703	N/A	509a2	Charitable Event	$1,000
MISSOULA FOOD BANK INC
219 S 3RD ST W	MISSOULA	MT	59801	N/A	509a1	Charitable Event	$3,000
MISSOULA YOUTH FOOTBALL INC
PO BOX 8486	MISSOULA	MT	59807	N/A	509a1	Purchase Football Equipment for Kids	$1,000
ROTARY DISTRICT 5390 FOUNDATION
PO BOX 1091	BILLINGS	MT	59103	N/A	509a1	Unrestricted Support for Philipsburg Rotary Club	$1,000
XTREME SPORTS 4 VETERANS INC
10400 ORAL ZUMWALT WAY	MISSOULA	MT	59803	N/A	509a1	General Unrestricted	$5,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	11000	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$3,535	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$3,535	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	3535	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	X	Organization501c3ExemptPF
General Rule	X	GeneralRule

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	1	ContributorNumber
Contributor Name Individual	Roach Smith Distributors Inc	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	c/o Mark Rule 270 East Park St	AddressLine1
City	Butte	City
State	MT	State
ZIP Code	59701	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	150000	AggregateContributions
Person Contribution Type	X	PersonContributionType

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds

Field	Value	IRS element (for citing)
Name Of Bond	WACHOVIA CAPITAL TR BONDS 05.80000 03/15/2042	NameOfBond
EOY Book Value	74525	EOYBookValue
EOYFMV	79600	EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (6 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Disbursements Charitable PrpsDisbursementsCharitablePrps	Net Investment IncomeNetInvestmentIncome
Administrative Fees	4163	4163
Administrative Set-Up Fee	4750	4750
Bank Charges	150		150
Delaware Incorporation Fees	500	500
IRS Application Fees	850	850
State or Local Filing Fees	25	25

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