ERIC AND MARIANNE BILLINGS FOUNDATION: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
ERIC AND MARIANNE BILLINGS FOUNDATION (EIN 52-1853715)
Tax period
2010-07-01 to 2011-06-30
Filed
2011-11-10
IRS object ID
201113149349100616
Schema version
2010v3.4
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)
Timestamp2011-11-10T13:25:24-06:00Timestamp
Tax Period End Date2011-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

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 Date2010-07-01TaxPeriodBeginDate

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 Signed2011-11-10DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameBONNIE ROTHName
Phone7038474660Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY3353FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss358625ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss4InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm4InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss150DividendsRevAndExpnss
Dividends Net Invst Incm150DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses358779TotalRevenueAndExpenses
Total Net Investment Income154TotalNetInvestmentIncome
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 Expnss3620AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps0AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss645OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm287OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps0OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss4265TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm287TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss355000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps355000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss359265TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm287TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps355000TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-486ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY1799SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY1313SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV1313SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY11659InvestmentsCorpStockBOY
Investments Corp Stock EOY11659InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV2040InvestmentsCorpStockEOYFMV
Total Assets BOY13458TotalAssetsBOY
Total Assets EOY12972TotalAssetsEOY
Total Assets EOYFMV3353TotalAssetsEOYFMV
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 BOY13458RetainedEarningsBOY
Retained Earnings EOY12972RetainedEarningsEOY
Total Net Assets BOY13458TotalNetAssetsBOY
Total Net Assets EOY12972TotalNetAssetsEOY
Total Liabilities Net Assets BOY13458TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY12972TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY13458TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-486ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal12972Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY12972TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year1509994QualifyingDistributionsYear1
Noncharitable Assets Year1120798NoncharitableAssetsYear1
Distribution Ratio Year14.221875DistributionRatioYear1
Qualifying Distributions Year288000QualifyingDistributionsYear2
Noncharitable Assets Year242017NoncharitableAssetsYear2
Distribution Ratio Year22.094390DistributionRatioYear2
Qualifying Distributions Year3899091QualifyingDistributionsYear3
Noncharitable Assets Year3511276NoncharitableAssetsYear3
Distribution Ratio Year31.758524DistributionRatioYear3
Qualifying Distributions Year42359439QualifyingDistributionsYear4
Noncharitable Assets Year42285675NoncharitableAssetsYear4
Distribution Ratio Year41.032272DistributionRatioYear4
Qualifying Distributions Year51541919QualifyingDistributionsYear5
Noncharitable Assets Year51931564NoncharitableAssetsYear5
Distribution Ratio Year50.798275DistributionRatioYear5
Total Distribution Ratio9.905336TotalDistributionRatio
Average Distribution Ratio1.981067AverageDistributionRatio
Net Noncharitable Assets33209NetNoncharitableAssets
Adjusted Noncharitable Assets65789AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One65789AdjNonchrtblAssetsAndOnePct
Qualifying Distributions355000QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax0InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal0Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
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
Expenses1355000Expenses1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1639AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances32076AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets33715TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets33715AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable506CashDeemedCharitable
Net Noncharitable Assets33209NetNoncharitableAssets
Minimum Investment Return1660MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return1660MinimumInvestmentReturn
Total Tax0TotalTax
Distributable Amount Before Adj1660DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded1660DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted1660DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions355000ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions355000QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions355000AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted1660DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year51445438ExcessDistriCarryoverYear5
Excess Distri Carryover Year42245448ExcessDistriCarryoverYear4
Excess Distri Carryover Year3873794ExcessDistriCarryoverYear3
Excess Distri Carryover Year285908ExcessDistriCarryoverYear2
Excess Distri Carryover Year1503966ExcessDistriCarryoverYear1
Total Excess Distri Carryover5154554TotalExcessDistriCarryover
Qualifying Distributions355000QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year1660AppliedToCurrentYear
Remaining Distri From Corpus353340RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus5507894TotalCorpus
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 Year51445438ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year4062456ExcessDistriCyovToNextYear
Excess From Year42245448ExcessFromYear4
Excess From Year3873794ExcessFromYear3
Excess From Year285908ExcessFromYear2
Excess From Year1503966ExcessFromYear1
Excess From Current Year353340ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

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

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (11 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 ORGANIZATIUNRESTRICTED$25,000
ARCHDIOCESE OF WASHINGTON
ARCHDIOCESAN PASTORAL CENTER 5001HYATTSVILLEMD20782NONERELIGIOUS ORGANIZATIFORWARD IN FAITH CAMPAIGN$50,000EASTERN AVE
BOYS & GIRLS CLUBS OF GREATER WASHINGTON
4103 BENNING ROAD NEWASHINGTONDC20019NONEPUBLIC CHARITYUNRESTRICTED$25,000
BUILDING BRIDGES ACROSS THE RIVER - THEARC
1901 MISSISSIPPI AVE SEWASHINGTONDC20020NONEPUBLIC CHARITYUNRESTRICTED$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 - REGIONAL DEVELOPMENT OFFICE
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$30,000
HOLY FAMILY HOSPITAL OF BETHLEHEM FOUNDATION
1730 M STREET NW SUITE 403WASHINGTONDC20036NONEPUBLIC CHARITYUNRESTRICTED$10,000
PRISON OUTREACH MINISTRY
PO BOX 51583WASHINGTONDC20091NONEPUBLIC CHARITYUNRESTRICTED$10,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year355000TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$4ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$150ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$154ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA154TotalPartXVIA

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 Contributions358625AggregateContributions
Person Contribution TypeXPersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryKAISER SCHERER SCHLEGELCategory
Amount$3,620Amount
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
EOYFMV2040EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
C T CORPORATION35800
BANK FEES2872870

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