GEORGE A RAMLOSE FOUNDATION INC: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
GEORGE A RAMLOSE FOUNDATION INC (EIN 04-6048231)
Tax period
2010-05-01 to 2011-04-30
Filed
2011-10-03
IRS object ID
201142769349100354
Schema version
2010v3.2
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)
Timestamp2011-10-03T12:25:50-07:00Timestamp
Tax Period End Date2011-04-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ARRISON & OLDEN PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1312 GREAT RDAddressLine1
CityLITTLETONCity
StateMAState
ZIP Code01460ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2010-05-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN046048231EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1GEORGE A RAMLOSE FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlGEORNameControl
Phone9783688264Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 550AddressLine1
CitySTERLINGCity
StateMAState
ZIP Code01564ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameDAVID TAYLORName
TitleTREASURERTitle
Phone9783688264Phone
Date Signed2011-09-28DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameTHOMAS ARRISONName
Phone9784869855Phone
Date Prepared2011-10-03DatePrepared
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY2911344FMVAssetsEOY
Method Of Accounting AccrualXMethodOfAccountingAccrual

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss76790DividendsRevAndExpnss
Dividends Net Invst Incm76790DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm94272CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses76790TotalRevenueAndExpenses
Total Net Investment Income171062TotalNetInvestmentIncome
Legal Fees Rev And Expnss8000LegalFeesRevAndExpnss
Legal Fees Net Invst Incm4000LegalFeesNetInvstIncm
Accounting Fees Rev And Expnss2800AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm1400AccountingFeesNetInvstIncm
Other Prof Fees Rev And Expnss19579OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm19579OtherProfFeesNetInvstIncm
Taxes Rev And Expnss3227TaxesRevAndExpnss
Taxes Net Invst Incm2817TaxesNetInvstIncm
Trav Conf Meeting Rev And Expnss6867TravConfMeetingRevAndExpnss
Trav Conf Meeting Net Invst Incm3434TravConfMeetingNetInvstIncm
Other Expenses Rev And Expnss8313OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm1343OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss48786TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm32573TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss134125ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps134125ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss182911TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm32573TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps134125TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-106121ExcessOfRevenueOverExpenses
Net Investment Income138489NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY4979CashBOY
Cash EOY8231CashEOY
Cash EOYFMV8231CashEOYFMV
Savings And Temp Cash Invst BOY169617SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY80884SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV80884SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY1268635InvestmentsCorpStockBOY
Investments Corp Stock EOY1294127InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV2717702InvestmentsCorpStockEOYFMV
Investments Corp Bonds BOY62505InvestmentsCorpBondsBOY
Investments Corp Bonds EOY112187InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV104527InvestmentsCorpBondsEOYFMV
Total Assets BOY1505736TotalAssetsBOY
Total Assets EOY1495429TotalAssetsEOY
Total Assets EOYFMV2911344TotalAssetsEOYFMV
Accounts Payable BOY3363AccountsPayableBOY
Accounts Payable EOY4905AccountsPayableEOY
Total Liabilities BOY3363TotalLiabilitiesBOY
Total Liabilities EOY4905TotalLiabilitiesEOY
Org That Follow SFAS117XOrgThatFollowSFAS117
Unrestricted BOY1502373UnrestrictedBOY
Unrestricted EOY1490524UnrestrictedEOY
Total Net Assets BOY1502373TotalNetAssetsBOY
Total Net Assets EOY1490524TotalNetAssetsEOY
Total Liabilities Net Assets BOY1505736TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1495429TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1502373TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-106121ExcessOfRevenueOverExpenses
Other Increases94272OtherIncreases
Subtotal1490524Subtotal
Total Net Assets Fund Balances EOY1490524TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (13 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceDepreciationDepreciationCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossFMV As Of123169FMVAsOf123169Adjusted Basis As Of123169AdjustedBasisAsOf123169Excess Of FMV Over Adjusted BasisExcessOfFMVOverAdjustedBasisGains Minus Excess Or LossesGainsMinusExcessOrLosses
1000 Sh Teva PharmaceuticalP2010-07-132010-07-2947999054323-6324000-6324
240 Sh Frontier Communications CorpP2005-05-032010-08-11183102060-229000-229
1760 Sh Bank of AmericaP1994-05-052010-10-2619416028781-9365000-9365
1000 Sh Lilly Eli.P2010-03-102010-10-2934931034990-59000-59
1000 Sh AT&TP1994-05-052010-05-1225590088291676100016761
1000 Sh Verizon CommunicationsP2005-05-032010-05-122869001925494360009436
1000 Sh Johnson & JohnsonP2006-03-272010-07-1360509059941568000568
200 Sh Biogen IdecP2003-07-242010-10-27120590708049790004979
500 Sh Exxon Mobil CorpP1994-05-052010-10-2933080079072517300025173
300 Sh Biogen IdecP2005-02-282010-10-291890701061982880008288
1000 Sh CVS CaremarkP1994-05-052010-10-293032102153010600030106
1000 Sh UPSP2002-10-232010-11-246956906083287370008737
1000 Sh NovartisP2008-10-032010-12-165828305208262010006201
FieldValueIRS element (for citing)
Capital Gain Net Income94272CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxtrueLiableFor4942Tax
Adj Nonchrtbl Assets And One0AdjNonchrtblAssetsAndOnePct
Qualifying Distributions0QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax2770InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal2770Subtotal
Tax Based On Investment Income2770TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment1000EstTaxPaymentsAndOverpayment
Total Credits And Payments1000TotalCreditsAndPayments
Tax Paid Original Return1000TaxPaidOriginalReturn
Form2220 AttachedXForm2220Attached
Penalty For Underpayment15PenaltyForUnderpayment
Tax Due1785TaxDue
Amount Credited To Next Year0AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrfalseComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1ADAMS & BLINNBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number9783688264BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 550AddressLine1
CitySTERLINGCity
StateMAState
ZIP Code02141ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersontruePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Acts Fail To Qualify As ExceptionsfalseActsFailToQualifyAsExceptions
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Undistr Income4942a2 Not AppliedfalseUndistrIncome4942a2NotApplied
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Tr Fail To Qualify As ExceptionsfalseTrFailToQualifyAsExceptions
Maint Expend ResponsibilityfalseMaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
PETER BOYCE
6340 SUGARLOAF PKWYDULUTHGA30097PRESIDENT1.00001797
CAROLE C BOYCE
6340 SUGARLOAF PKWYDULUTHGA30097VP1.00001797
LINDA TAYLOR
141 KENDALL HILL ROADSTERLINGMA01564VP1.00300001512
DAVID TAYLOR
141 KENDALL HILL ROADSTERLINGMA01564TREASURER1.00500001761
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)
Description1CONTRIBUTIONS TO QUALIFIED 501(C)(3) ORGANIZATIONS NONE OFWHOM ARE RELATED TO THE DIRECTORS OF THE FOUNDATIONSEE ATTACHED LISTDescription1
Expenses1134125Expenses1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities2425256AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances199440AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets2624696TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets2624696AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable150000CashDeemedCharitable
Net Noncharitable Assets2474696NetNoncharitableAssets
Minimum Investment Return123735MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return123735MinimumInvestmentReturn
Tax Based On Investment Income2770TaxBasedOnInvestmentIncome
Total Tax2770TotalTax
Distributable Amount Before Adj120965DistributableAmountBeforeAdj
Distributable Amount Before Ded120965DistributableAmountBeforeDed
Distributable Amount As Adjusted120965DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions134125ExpensesAndContributions
Qualifying Distributions134125QualifyingDistributions
Adj Qualifying Distributions134125AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted120965DistributableAmountAsAdjusted
Excess Distri Carryover Year513947ExcessDistriCarryoverYear5
Excess Distri Carryover Year4126908ExcessDistriCarryoverYear4
Excess Distri Carryover Year3129327ExcessDistriCarryoverYear3
Total Excess Distri Carryover270182TotalExcessDistriCarryover
Qualifying Distributions134125QualifyingDistributions
Remaining Distri From Corpus134125RemainingDistriFromCorpus
Total Corpus404307TotalCorpus
Undistributed Income CY120965UndistributedIncomeCY
Excess Distri Cyov From Year513947ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year390360ExcessDistriCyovToNextYear
Excess From Year4126908ExcessFromYear4
Excess From Year3129327ExcessFromYear3
Excess From Current Year134125ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManager
Shareholder ManagerNONEShareholderManager

Appication Submission Info AppicationSubmissionInfo

FieldValueIRS element (for citing)
Recipient NameDAVID TAYLOR ADAMS BLINNRecipientName

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 550AddressLine1
CitySTERLINGCity
StateMAState
ZIP Code01564ZIPCode
FieldValueIRS element (for citing)
Recipient Phone Number5083688264RecipientPhoneNumber
Form And Info And MaterialsREQUEST A COPY OF PROPOSAL FOR FUNDING, INCLUDE COPY OF IRS EXEMPTIONFormAndInfoAndMaterials
Submission DeadlinesSEPTEMBER 15SubmissionDeadlines
Restrictions On AwardsNONERestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE ATTACHED LISTBusinessNameLine1

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE ATTACHED LISTAddressLine1
CitySEE ATTACHEDCity
StateMAState
ZIP Code01000ZIPCode
FieldValueIRS element (for citing)
Recipient Foundation Status501(C)(3)RecipientFoundationStatus
Purpose Of Grant Or ContributionGENERAL OPERATIONSPurposeOfGrantOrContribution
Amount$134,125Amount
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year134125TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$76,790ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion$94,272ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$171,062ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA171062TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryTHOMAS ARRISON, PC ACCT & TAXCategory
Amount$2,800Amount

Cash Deemed Charitable Expln Stmt CashDeemedCharitableExplnStmt

FieldValueIRS element (for citing)
ExplanationTHE FOUNDATION APPROVES GRANTS IN THE FIRST HALF OF ITS FISCAL YEAR AND MUST HAVE CASH AVAILABLE TO PAY THE GRANTS. THE AMOUNT OF $150,000 REPRESENTS THE GRANTS WHICH MUST BE MADE IN THE FISCAL YEAR ENDING APRIL 30, 2011 TO AVOID THE IMPOSITION OF SECTION 4942 TAXES. OTHER OPERATING EXPENSES CAN BE PAID FROM NORMAL CASH FLOW.Explanation

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees (2 entries)

CategoryCategoryAmountAmount
DAVID TAYLOR,ESQ. LEGAL FEES$5,000
LINDA TAYLOR BOOKKEEPING$3,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (8 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncome
MISCELLANEOUS110110
POSTAGE76
DUES AND SUBSCRIPTIONS495495
BANK SERVICE CHARGES1313
OFFICE SUPPLIES101
GRANT SOFTWARE6500
INSURANCE725725
WEBSITE293

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

FieldValueIRS element (for citing)
DescriptionCAPITAL GAINSDescription
Amount$94,272Amount

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

FieldValueIRS element (for citing)
CategoryCAMBRIDGE TRUST ADVISORS INVESTMENT MGMT FEESCategory
Amount$19,579Amount
Net Investment Income19579NetInvestmentIncome

Taxes Schedule TaxesSchedule

Taxes Taxes (4 entries)

CategoryCategoryAmountAmountNet Investment IncomeNetInvestmentIncome
NEW YORK STATE TAXES$250
MASS ANNUAL REPORT$160
FEDERAL EXCISE TAX$2,7752775
FOREIGN TAX$4242

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