ERIC AND MARIANNE BILLINGS FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
ERIC AND MARIANNE BILLINGS FOUNDATION (EIN 52-1853715)
Tax period
2012-07-01 to 2013-06-30
Filed
2013-11-21
IRS object ID
201303259349100500
Schema version
2012v2.1
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)
Timestamp2013-11-21T11:49:17-06:00Timestamp
Tax Period End Date2013-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN521220482EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1KAISER SCHERER & SCHLEGEL PLLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11410 SPRING HILL ROAD SUITE 400AddressLine1
CityMCLEANCity
StateVAState
ZIP Code22102ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN521853715EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1ERIC AND MARIANNE BILLINGS FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlERICNameControl
Phone7033129512Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11001 19TH STREET 18TH FLOORAddressLine1
CityARLINGTONCity
StateVAState
ZIP Code22209ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameERIC BILLINGSName
TitleOFFICERTitle
Phone7033129512Phone
Date Signed2013-11-21DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameBONNIE ROTHName
PTINP00652758PTIN
Phone7038474660Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY3843FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss315000ContriReceivedRevAndExpnss
Dividends Rev And Expnss227DividendsRevAndExpnss
Dividends Net Invst Incm227DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses315227TotalRevenueAndExpenses
Total Net Investment Income227TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss3670AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps0AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss2TaxesRevAndExpnss
Taxes Net Invst Incm0TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps0TaxesDsbrsChrtblPrps
Other Expenses Rev And Expnss494OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm30OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps0OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss4166TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm30TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss310000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps310000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss314166TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm30TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps310000TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses1061ExcessOfRevenueOverExpenses
Net Investment Income197NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash EOY2105CashEOY
Cash EOYFMV2105CashEOYFMV
Savings And Temp Cash Invst BOY1044SavingsAndTempCashInvstBOY
Investments Corp Stock BOY11659InvestmentsCorpStockBOY
Investments Corp Stock EOY11659InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV1738InvestmentsCorpStockEOYFMV
Total Assets BOY12703TotalAssetsBOY
Total Assets EOY13764TotalAssetsEOY
Total Assets EOYFMV3843TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY0CapitalStockBOY
Capital Stock EOY0CapitalStockEOY
Paid In Or Capital Surplus BOY0PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY0PaidInOrCapitalSurplusEOY
Retained Earnings BOY12703RetainedEarningsBOY
Retained Earnings EOY13764RetainedEarningsEOY
Total Net Assets BOY12703TotalNetAssetsBOY
Total Net Assets EOY13764TotalNetAssetsEOY
Total Liabilities Net Assets BOY12703TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY13764TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY12703TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses1061ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal13764Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY13764TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year1309406QualifyingDistributionsYear1
Noncharitable Assets Year128303NoncharitableAssetsYear1
Distribution Ratio Year110.931915DistributionRatioYear1
Qualifying Distributions Year2355000QualifyingDistributionsYear2
Noncharitable Assets Year233209NoncharitableAssetsYear2
Distribution Ratio Year210.689873DistributionRatioYear2
Qualifying Distributions Year3509994QualifyingDistributionsYear3
Noncharitable Assets Year3120798NoncharitableAssetsYear3
Distribution Ratio Year34.221875DistributionRatioYear3
Qualifying Distributions Year488000QualifyingDistributionsYear4
Noncharitable Assets Year442017NoncharitableAssetsYear4
Distribution Ratio Year42.094390DistributionRatioYear4
Qualifying Distributions Year5899091QualifyingDistributionsYear5
Noncharitable Assets Year5511276NoncharitableAssetsYear5
Distribution Ratio Year51.758524DistributionRatioYear5
Total Distribution Ratio29.696577TotalDistributionRatio
Average Distribution Ratio5.939315AverageDistributionRatio
Net Noncharitable Assets28591NetNoncharitableAssets
Adjusted Noncharitable Assets169811AdjustedNoncharitableAssets
One Percent Net Investment Income2OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One169813AdjNonchrtblAssetsAndOnePct
Qualifying Distributions310000QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax2InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal2Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income2TaxBasedOnInvestmentIncome
Tax Paid With Extension2TaxPaidWithExtension
Total Credits And Payments2TotalCreditsAndPayments
Tax Due0TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e1RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithVAStatesFiledWith
Form990 PF Filed With AG1Form990PFFiledWithAG
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors0NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameKAISER SCHERER SCHLEGELBooksInCareOfPersonName
Books In Care Of Phone Number7038474660BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line11410 SPRING HILL RD STE 400AddressLine1
CityMCLEANCity
StateVAState
ZIP Code22102ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person0FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations0GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
ERIC BILLINGS
11100 BELLA VISTA DRIVEPOTOMACMD20854DIRECTOR0.00000
MARIANNE BILLINGS
11100 BELLA VISTA DRIVEPOTOMACMD20854DIRECTOR0.00000
NED S SCHERER
1410 SPRING HILL ROAD SUITE 400MCLEANVA22102DIRECTOR0.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

FieldValueIRS element (for citing)
Description1THE FOUNDATION'S ONLY CHARITABLE ACTIVITY CONSISTS OF MAKING CASH CONTRIBUTIONS TO A VARIETY OF CHARITABLE ORGANIZATIONS.Description1
Expenses1310000Expenses1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1514AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances27512AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets29026TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets29026AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable435CashDeemedCharitable
Net Noncharitable Assets28591NetNoncharitableAssets
Minimum Investment Return1430MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return1430MinimumInvestmentReturn
Tax Based On Investment Income2TaxBasedOnInvestmentIncome
Total Tax2TotalTax
Distributable Amount Before Adj1428DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded1428DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted1428DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions310000ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions310000QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm2OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions309998AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted1428DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year5873794ExcessDistriCarryoverYear5
Excess Distri Carryover Year485908ExcessDistriCarryoverYear4
Excess Distri Carryover Year3503966ExcessDistriCarryoverYear3
Excess Distri Carryover Year2353340ExcessDistriCarryoverYear2
Excess Distri Carryover Year1307995ExcessDistriCarryoverYear1
Total Excess Distri Carryover2125003TotalExcessDistriCarryover
Qualifying Distributions310000QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year1428AppliedToCurrentYear
Remaining Distri From Corpus308572RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus2433575TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year5873794ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year1559781ExcessDistriCyovToNextYear
Excess From Year485908ExcessFromYear4
Excess From Year3503966ExcessFromYear3
Excess From Year2353340ExcessFromYear2
Excess From Year1307995ExcessFromYear1
Excess From Current Year308572ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerERIC BILLINGSContributingManager
Contributing ManagerMARIANNE BILLINGSContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (7 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
ARCHDIOCESE OF WASHINGTON
5001 EASTERN AVENUEHYATTSVILLEMD20782NONERELIGIOUS ORGANIZATI2012 CARDINAL'S APPEAL$40,000
PRISON OUTREACH MINISTRY
P O BOX 4597WASHINGTONDC20017NONERELIGIOUS ORGANIZATIPRISON REENTRY SERVICES$10,000
BUILDING BRIDGES ACROSS THE RIVER INC
1901 MISSISSIPPI AVE SEWASHINGTONDC20020NONEPUBLIC CHARITYTHE ARC: BBAR CAPITAL CAMPAIGN$60,000
GEORGETOWN PREPARATORY SCHOOL
10900 ROCKVILLE PIKENORTH BETHESDAMD20852NONEEDUCATION ORGANIZATIVISION CAMPAIGN$50,000
UNIV OF MD COLLEGE PARK FDN
4191 SAMUEL RIDGE IV ALUMNI CENTERCOLLEGE PARKMD20742NONEEDUCATION ORGANIZATIVAN MUNCHING HALL ANNEX FUND, ROBERT SMITH SCHOOL OF BUSINESS$50,000
UNIVERSITY OF NOTRE DAME
NOTRE DAMENOTRE DAMEIN46556NONEEDUCATION ORGANIZATILACROSSE STADIUM$50,000
VANDERBILT UNIVERSITY
2301 VANDERBILT PLACENASHVILLETN37240NONEEDUCATION ORGANIZATIBILLINGS FAMILY SCHOLARSHIP$50,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year310000TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$227ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$227ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA227TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualERIC MARIANNE BILLINGSContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line111100 BELLA VISTA DRIVEAddressLine1
CityPOTOMACCity
StateMDState
ZIP Code20854ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions315000AggregateContributions
Person Contribution TypeXPersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryKAISER SCHERER SCHLEGELCategory
Amount$3,670Amount
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of StockARLINGTON ASSET INVESTMENT CORPNameOfStock
EOY Book Value11659EOYBookValue
EOYFMV1738EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
C T CORPORATION46400
BANK FEES30300

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryTAXCategory
Amount$2Amount
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

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