ERIC AND MARIANNE BILLINGS FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
ERIC AND MARIANNE BILLINGS FOUNDATION (EIN 52-1853715)
Tax period
2011-07-01 to 2012-06-30
Filed
2012-11-06
IRS object ID
201213119349100411
Schema version
2011v1.2
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-11-06T12:36:43-06:00Timestamp
Tax Period End Date2012-06-30TaxPeriodEndDate

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 Date2011-07-01TaxPeriodBeginDate

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 Signed2012-11-06DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameBONNIE ROTHName
PTINP00652758PTIN
Phone7038474660Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY2455FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss312000ContriReceivedRevAndExpnss
Dividends Rev And Expnss227DividendsRevAndExpnss
Dividends Net Invst Incm227DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses312227TotalRevenueAndExpenses
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 Expnss2670AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps0AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss418OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm53OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps0OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss3088TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm53TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss309408ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps309408ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss312496TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm53TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps309408TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-269ExcessOfRevenueOverExpenses
Net Investment Income174NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY1313SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY1044SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV1044SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY11659InvestmentsCorpStockBOY
Investments Corp Stock EOY11659InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV1411InvestmentsCorpStockEOYFMV
Total Assets BOY12972TotalAssetsBOY
Total Assets EOY12703TotalAssetsEOY
Total Assets EOYFMV2455TotalAssetsEOYFMV
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 BOY12972RetainedEarningsBOY
Retained Earnings EOY12703RetainedEarningsEOY
Total Net Assets BOY12972TotalNetAssetsBOY
Total Net Assets EOY12703TotalNetAssetsEOY
Total Liabilities Net Assets BOY12972TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY12703TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY12972TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-269ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal12703Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY12703TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year1355000QualifyingDistributionsYear1
Noncharitable Assets Year133209NoncharitableAssetsYear1
Distribution Ratio Year110.689873DistributionRatioYear1
Qualifying Distributions Year2509994QualifyingDistributionsYear2
Noncharitable Assets Year2120798NoncharitableAssetsYear2
Distribution Ratio Year24.221875DistributionRatioYear2
Qualifying Distributions Year388000QualifyingDistributionsYear3
Noncharitable Assets Year342017NoncharitableAssetsYear3
Distribution Ratio Year32.094390DistributionRatioYear3
Qualifying Distributions Year4899091QualifyingDistributionsYear4
Noncharitable Assets Year4511276NoncharitableAssetsYear4
Distribution Ratio Year41.758524DistributionRatioYear4
Qualifying Distributions Year52359439QualifyingDistributionsYear5
Noncharitable Assets Year52285675NoncharitableAssetsYear5
Distribution Ratio Year51.032272DistributionRatioYear5
Total Distribution Ratio19.796934TotalDistributionRatio
Average Distribution Ratio3.959387AverageDistributionRatio
Net Noncharitable Assets28303NetNoncharitableAssets
Adjusted Noncharitable Assets112063AdjustedNoncharitableAssets
One Percent Net Investment Income2OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One112065AdjNonchrtblAssetsAndOnePct
Qualifying Distributions309408QualifyingDistributions

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
Total Credits And Payments0TotalCreditsAndPayments
Tax Due2TaxDue

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
Expenses1309408Expenses1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1561AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances27173AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets28734TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets28734AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable431CashDeemedCharitable
Net Noncharitable Assets28303NetNoncharitableAssets
Minimum Investment Return1415MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return1415MinimumInvestmentReturn
Tax Based On Investment Income2TaxBasedOnInvestmentIncome
Total Tax2TotalTax
Distributable Amount Before Adj1413DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded1413DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted1413DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions309408ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions309408QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm2OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions309406AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted1413DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year52245448ExcessDistriCarryoverYear5
Excess Distri Carryover Year4873794ExcessDistriCarryoverYear4
Excess Distri Carryover Year385908ExcessDistriCarryoverYear3
Excess Distri Carryover Year2503966ExcessDistriCarryoverYear2
Excess Distri Carryover Year1353340ExcessDistriCarryoverYear1
Total Excess Distri Carryover4062456TotalExcessDistriCarryover
Qualifying Distributions309408QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year1413AppliedToCurrentYear
Remaining Distri From Corpus307995RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus4370451TotalCorpus
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 Year52245448ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year2125003ExcessDistriCyovToNextYear
Excess From Year4873794ExcessFromYear4
Excess From Year385908ExcessFromYear3
Excess From Year2503966ExcessFromYear2
Excess From Year1353340ExcessFromYear1
Excess From Current Year307995ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

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

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (8 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmountAddress Line2RecipientUSAddress/AddressLine2
ARCHBISHOP CARROLL HIGH SCHOOL
4300 HAREWOOD ROAD NEWASHINGTONDC20017NONEEDUCATION ORGANIZATITUITION ASSISTANCE$25,000
ARCHDIOCESE OF WASHINGTON
ARCHDIOCESAN PASTORAL CENTER 5001HYATTSVILLEMD20782NONERELIGIOUS ORGANIZATICARDINAL'S APPEAL$40,000EASTERN AVE
BUILDING BRIDGES ACROSS THE RIVER - THEARC
1901 MISSISSIPPI AVE SEWASHINGTONDC20020NONEPUBLIC CHARITYBBAR CAPITAL CAMPAIGN$30,000
GEORGETOWN PREPARATORY SCHOOL
10900 ROCKVILLE PIKENORTH BETHESDAMD20852NONEEDUCATION ORGANIZATIVISION CAMPAIGN$25,000
UNIV OF MD COLLEGE PARK FDN
4191 SAMUEL RIDGE IV ALUMNI CENTERCOLLEGE PARKMD20742NONEEDUCATION ORGANIZATIROBERT SMITH SCHOOL OF BUSINESS$50,000
UNIVERSITY OF NOTRE DAME
9040 ROSWELL RD SUITE 570ATLANTAGA30350NONEEDUCATION ORGANIZATILACROSSE STADIUM$50,000
VANDERBILT UNIVERSITY
2301 VANDERBILT PLACENASHVILLETN37240NONEEDUCATION ORGANIZATIBILLINGS FAMILY SCHOLARSHIP$50,000
VICTORY YOUTH CENTERS
PO BOX 29260WASHINGTONDC20017NONEPUBLIC CHARITYUNRESTRICTED$39,408
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year309408TotGrantOrContriPaidDuringYear
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 Contributions312000AggregateContributions
Person Contribution TypeXPersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryKAISER SCHERER SCHLEGELCategory
Amount$2,670Amount
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
EOYFMV1411EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
C T CORPORATION36500
BANK FEES53530

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