Dvergsten Charitable Foundation in Spencer, Iowa (IA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Iowa
| Dvergsten Charitable Foundation | |
| Employer Identification Number (EIN) | 421422342 |
| Name of Organization | Dvergsten Charitable Foundation |
| Address | PO BOX 500, Spencer, IA 51301-0500 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 09/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,176,187 |
| Amount of Income | $11,019 |
| Form 990 Revenue Amount | $11,019 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $11,019 | $8,019 | $11,019 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $7,996 | |||
| Dividends and interest from securities | $23 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $3,000 | |||
| Total expenses and disbursements | $147,377 | $0 | $0 | $135,504 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $11,873 | $0 | $0 | |
| Contributions, gifts, grants paid | $135,504 | |||
| Excess of revenue over expenses and disbursements | $-136,358 | |||
| Net investment income | $8,019 | |||
| Adjusted net income | $11,019 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,176,187 | $1,176,187 |
| Cash - non-interest-bearing | $2,342 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,173,845 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,176,187 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $160 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $160 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $1,181,332 |
| Net value of noncharitable-use assets | $1,163,620 |
| Minimum investment return | $58,181 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Iowa | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Dunlap Golf Club Inc | 1110 Toledo Ave, Dunlap, IA 51529-6026 | IA | 1987-12 | $193,744 |
| 2 | Durant Athletic Boosters Club Incorporated | PO BOX 1113, Durant, IA 52747-1113 | IA | 1977-12 | $71,457 |
| 3 | Durant Childrens Group Inc | 108 5th St, Durant, IA 52747-7711 | IA | 1991-05 | $240,323 |
| 4 | Durant Development Corporation | 502 8th Ave, Durant, IA 52747 | IA | 1990-03 | $11,199 |
| 5 | Durant Jaycess Scholarship Trust, C-O Liberty Trust & Savings Bank Tr | PO BOX 1118, Durant, IA 52747-1118 | IA | 1991-07 | $1,879 |
| 6 | Durant Polka Fest Inc | 1388 Vail Ave, Durant, IA 52747-9537 | IA | 1976-12 | $3,563 |
| 7 | Durant Volunteer Fire Fighters Inc | PO BOX 127, Durant, IA 52747-0127 | IA | 1984-05 | $44,633 |
| 8 | Duride, Fountain Park | 2728 Asbury Rd Ste 330, Dubuque, IA 52001-2975 | IA | 2009-04 | $28,777 |
| 9 | Duroe Family Foundation | 131 Tower Park Dr Ste 100, Waterloo, IA 50701-9374 | IA | 1998-06 | $271,575 |
| 10 | Dutrac Community Credit Union | 3465 Asbury Rd, Dubuque, IA 52002-2897 | IA | 2007-06 | $25,260,490 |
| 11 | Dvergsten Charitable Foundation | PO BOX 500, Spencer, IA 51301-0500 | IA | 1994-05 | $11,019 |
| 12 | Dwight & Elsie Johnston Charitable Remainder Annuity Tr 1 | 814 4th Ave, Grinnell, IA 50112-2041 | IA | $909 | |
| 13 | Dyersville Area Chamber Of Commerce | 1100-I 6th Ave Ct Se, Dyersville, IA 52040 | IA | 1991-04 | $165,659 |
| 14 | Dyersville Area Foundation For The Future Inc, Kid Project | PO BOX 213, Dyersville, IA 52040-0213 | IA | 1989-04 | $587,143 |
| 15 | Dyersville Area Historical Society | 340 1st Ave East, Dyersville, IA 52040 | IA | 1986-02 | $0 |
| 16 | Dyersville Commercial Club | PO BOX 51, Dyersville, IA 52040-0051 | IA | 1988-09 | $199,637 |
| 17 | Dyersville Farmers Community Fire Department | 2257 320th Ave, Worthington, IA 52078 | IA | 2000-09 | $0 |
| 18 | Dyersville Golf And Country Club | 1010 20th St Ne, Dyersville, IA 52040-9529 | IA | 1958-06 | $299,991 |
| 19 | Dyersville Health Foundation Inc | 1111 3rd St Sw, Dyersville, IA 52040-1725 | IA | 2007-10 | $219,921 |
| 20 | Dyersville Progress Inc | PO BOX 234, Dyersville, IA 52040-0234 | IA | 1976-12 | $74,876 |
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