STRATEGY STUDIO / PUBLIC DATA EXPLORER

MARKS FAMILY FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
MARKS FAMILY FOUNDATION (EIN 06-1601029)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-15
IRS object ID
201331359349101603
Schema version
2012v2.0
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)
Timestamp2013-05-15T10:32:02-07:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1GARVEY & ASSOCIATES LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 397AddressLine1
CityMYSTICCity
StateCTState
ZIP Code06355ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN061601029EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Marks Family FoundationBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMARKNameControl
Phone8605724884Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line13 Pondside CourtAddressLine1
CityMysticCity
StateCTState
ZIP Code06355ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameCarole Marks ScottName
TitleTrusteeTitle
Date Signed2013-05-15DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameTeresa A Hernandez CPAName
PTINP01356793PTIN
Phone8605369831Phone
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 EOY43170FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss120550ContriReceivedRevAndExpnss
Dividends Rev And Expnss15DividendsRevAndExpnss
Dividends Net Invst Incm15DividendsNetInvstIncm
Dividends Adj Net Incm15DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss-503NetGainSaleAssetsRevAndExpnss
Gross Sales Price118352GrossSalesPrice
Total Revenue And Expenses120062TotalRevenueAndExpenses
Total Net Investment Income15TotalNetInvestmentIncome
Total Adjusted Net Income15TotalAdjustedNetIncome
Accounting Fees Rev And Expnss1695AccountingFeesRevAndExpnss
Accounting Fees Dsbrs Chrtbl Prps1695AccountingFeesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss1695TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps1695TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss79700ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps79700ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss81395TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps81395TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses38667ExcessOfRevenueOverExpenses
Net Investment Income15NetInvestmentIncome
Adjusted Net Income15AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY4503SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY43170SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV43170SavingsAndTempCashInvstEOYFMV
Total Assets BOY4503TotalAssetsBOY
Total Assets EOY43170TotalAssetsEOY
Total Assets EOYFMV43170TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY4503CapitalStockBOY
Capital Stock EOY43170CapitalStockEOY
Total Net Assets BOY4503TotalNetAssetsBOY
Total Net Assets EOY43170TotalNetAssetsEOY
Total Liabilities Net Assets BOY4503TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY43170TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY4503TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses38667ExcessOfRevenueOverExpenses
Subtotal43170Subtotal
Total Net Assets Fund Balances EOY43170TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

FieldValueIRS element (for citing)
Capital Gain Net Income-503CapitalGainNetIncome
Net Short Term Capital Gain Or Loss-503NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year1118150QualifyingDistributionsYear1
Noncharitable Assets Year112730NoncharitableAssetsYear1
Distribution Ratio Year19.28123DistributionRatioYear1
Qualifying Distributions Year241600QualifyingDistributionsYear2
Noncharitable Assets Year210717NoncharitableAssetsYear2
Distribution Ratio Year23.88168DistributionRatioYear2
Qualifying Distributions Year361525QualifyingDistributionsYear3
Noncharitable Assets Year317964NoncharitableAssetsYear3
Distribution Ratio Year33.42491DistributionRatioYear3
Qualifying Distributions Year466499QualifyingDistributionsYear4
Noncharitable Assets Year44495NoncharitableAssetsYear4
Distribution Ratio Year414.79399DistributionRatioYear4
Qualifying Distributions Year546375QualifyingDistributionsYear5
Noncharitable Assets Year51886NoncharitableAssetsYear5
Distribution Ratio Year524.58908DistributionRatioYear5
Total Distribution Ratio55.97088TotalDistributionRatio
Average Distribution Ratio11.19418AverageDistributionRatio
Net Noncharitable Assets77861NetNoncharitableAssets
Adjusted Noncharitable Assets871590AdjustedNoncharitableAssets
Adj Nonchrtbl Assets And One871590AdjNonchrtblAssetsAndOnePct
Qualifying Distributions81395QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax0InvestmentIncomeExciseTax

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
Form990 T FiledfalseForm990TFiled
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithCTStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorstrueNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1Carol Marks ScottBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number8605724884BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line13 Pondside CourtAddressLine1
CityMysticCity
StateCTState
ZIP Code06355ZIPCode
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 PersonfalsePayCompensationToDsqflyPerson
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
Excess Business HoldingsfalseExcessBusinessHoldings
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
Proceeds Or Net IncomefalseProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

FieldValueIRS element (for citing)
Person NameCarole Marks ScottPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line13 Pondside CourtAddressLine1
CityMysticCity
StateCTState
ZIP Code06355ZIPCode
FieldValueIRS element (for citing)
TitleTrusteeTitle
Avg Hours Per Wk Devoted To Position1.00AvgHoursPerWkDevotedToPosition
Compensation0Compensation
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

FieldValueIRS element (for citing)
Description1Garde Arts Center Donation enables performing art programs to be brought to the communityDescription1
Expenses130000Expenses1
Description2The New London Cancer Center assists patients in need of medical care & related expenses.Description2
Expenses28200Expenses2
Description3Denison Pequotsepos Nature Center general operations donation enables the center to provide programs to inspire and nuture appreciation of the natural world.Description3
Expenses336500Expenses3
Description4Lawrence & Memorial Hospital to support community health and education programs.Description4
Expenses45000Expenses4

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities79047AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances0AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets79047TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Adj Total FMV Of Unused Assets79047AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable1186CashDeemedCharitable
Net Noncharitable Assets77861NetNoncharitableAssets
Minimum Investment Return3893MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return3893MinimumInvestmentReturn
Distributable Amount Before Adj3893DistributableAmountBeforeAdj
Distributable Amount Before Ded3893DistributableAmountBeforeDed
Distributable Amount As Adjusted3893DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions81395ExpensesAndContributions
Qualifying Distributions81395QualifyingDistributions
Adj Qualifying Distributions81395AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted3893DistributableAmountAsAdjusted
Excess Distri Carryover Year546281ExcessDistriCarryoverYear5
Excess Distri Carryover Year466276ExcessDistriCarryoverYear4
Excess Distri Carryover Year360705ExcessDistriCarryoverYear3
Excess Distri Carryover Year241064ExcessDistriCarryoverYear2
Excess Distri Carryover Year1117513ExcessDistriCarryoverYear1
Total Excess Distri Carryover331839TotalExcessDistriCarryover
Qualifying Distributions81395QualifyingDistributions
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year3893AppliedToCurrentYear
Remaining Distri From Corpus77502RemainingDistriFromCorpus
Total Corpus409341TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year546281ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year363060ExcessDistriCyovToNextYear
Excess From Year466276ExcessFromYear4
Excess From Year360705ExcessFromYear3
Excess From Year241064ExcessFromYear2
Excess From Year1117513ExcessFromYear1
Excess From Current Year77502ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerCarole Marks ScottContributingManager

Appication Submission Info AppicationSubmissionInfo

FieldValueIRS element (for citing)
Recipient NameCarole Marks ScottRecipientName

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13 Pondside CourtAddressLine1
CityMysticCity
StateCTState
ZIP Code06355ZIPCode
FieldValueIRS element (for citing)
Recipient Phone Number8605728119RecipientPhoneNumber
Form And Info And MaterialsWrittenFormAndInfoAndMaterials
Submission DeadlinesNoneSubmissionDeadlines
Restrictions On AwardsGeographic Areas: Hartford, West Hartford & Southeastern ConnecticutRestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
New London Cancer Center
196 Parkway South Suite 303WaterfordCT06385NoneN/ATo assist patients in need of medical care & related expenses.$8,200
Denison Pequotsepos Nature Center
109 Pequotsepos RoadMysticCT06355NoneN/ATo inspire and nuture appreciation of the natural world.$36,500
Lawrence Memorial Hospital
365 Montauk AvenueNew LondonCT06320NoneN/ATo support the community health and education program, The Well Healed Woman.$5,000
Garde Arts Center
325 State StreetNew LondonCT06320NoneN/ATo bring the performing arts to the local community.$30,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year79700TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$15ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion-$503ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion-$488ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA-488TotalPartXVIA

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualCarole Marks ScottContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line13 Pondside CourtAddressLine1
CityMysticCity
StateCTState
ZIP Code06355ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions120550AggregateContributions
Person Contribution TypeXPersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryTax PreparationCategory
Amount$1,695Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps1695DisbursementsCharitablePrps

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor SubstantialContributor

FieldValueIRS element (for citing)
Person NameCarole Marks ScottPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line13 Pondside CourtAddressLine1
CityMysticCity
StateCTState
ZIP Code06355ZIPCode