Alexander Petrellis Perry Trust in Detroit, Michigan (MI)

Organization representatives - add corrected or new information about Alexander Petrellis Perry Trust »

Non-representatives - add comments about Alexander Petrellis Perry Trust»

Alexander Petrellis Perry Trust
Employer Identification Number (EIN)386475645
Name of OrganizationAlexander Petrellis Perry Trust
In Care of NameComerica Bank
AddressPO BOX 75000, Detroit, MI 48275-7874
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date10/1997
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period01/2014
Assets$500,000 to $999,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$631,627
Amount of Income$27,324
Form 990 Revenue Amount$82,792
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


Non-representatives - add comments:


CAPTCHA

Your IP address 34.238.242.168 will be logged.

Amount of income in 2014: $27,324 (it was $20,393 in 2013)
This organization: 

 $27,324
Other organizations performing similar types of work: 

 $72,336

Assets in 2014: $631,627 (it was $652,432 in 2013)
Alexander Petrellis Perry Trust: 

 $631,627
Other organizations performing similar types of work: 

 $239,394

Expenses in 2014: $44,347
Alexander Petrellis Perry Trust: 

 $44,347
Other organizations performing similar types of work: 

 $40,888

Income to expenses ratio in 2014: 0.6
Alexander Petrellis Perry Trust: 

 0.6
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2014: 0.0%
Alexander Petrellis Perry Trust: 

 0.0%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Expenses for 2014

Analysis of Revenue and Expenses (for 2014)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$21,673$20,645$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$18,916
Gross rents$0
Gross sales price for all assets$7,380
Gross profit from sales of goods$0
Other income$1,028
Other$1,729
Total expenses and disbursements$44,347$9,386$0$34,941
Compensation of officers, directors, trustees, etc.$9,929
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$900
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$10,849$9,386$1,443
Contributions, gifts, grants paid$33,498
Excess of revenue over expenses and disbursements$-22,674
Net investment income$11,259
Adjusted net income$0
Balance Sheets
201220132014
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$673,790$661,728$652,432$677,472$631,627$691,487
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$640,481$629,307$609,719
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$1$1$1
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$673,790$652,432$631,627
Capital Gains and Losses for Tax on Investment Income
201220132014
Capital gain net income$63,621$840$1,729
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201220132014
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$1,460$216$225
Total credits and payments$2,523$1,460$236
Current year estimated tax payments and previous year's overpayment credited to current year$361$1,460$236
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$2,162$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$3$0$0
Tax due$0$0
Overpayment$1,244$11
Amount to be credited to next year's estimated tax$1,060$216$11
Statements Regarding Activities
201220132014
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201220132014
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201220132014
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$673,736$660,244$673,656
Net value of noncharitable-use assets$650,340$663,551
Minimum investment return$33,182$32,517$33,178
Distributable Amount
201220132014
Distributable amount$31,722$32,301$32,953
Undistributed Income
201220132014
Distributable amount for this year$31,722$32,301$32,953
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2011 - 2014)
2014201320122011Total
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
Supplementary Information (for 2014)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2014)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$18,916$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Alexander Petrellis Perry Trust to others? (optional)
  
Add photo of Alexander Petrellis Perry Trust (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Sylvester H Reed Memorial TrustPO BOX 1111, Pflugerville, TX 78691-1111TX1998-01$1,242,927
2The Memorial Health Care Foundation826 W King St, Owosso, MI 48867-2120MI1992-12$3,352,965
3Samuel N Bemis Scholarship FundPO BOX 3636, Grand Rapids, MI 49501-3636MI1995-10$817,768
4University Of Michigan Club Of Detroit Scholarship Fund23811 Oxford St, Dearborn, MI 48124-2508MI1959-06$141,034
5Trenton Rotary Foundation Inc3630 West Rd, Trenton, MI 48183-2224MI1995-04$126,376
6Torch Of Wisdom FoundationPO BOX 2787, Southfield, MI 48037-2787MI1994-02$107,646
7Scholarship America Inc, AlleganPO BOX 8, Allegan, MI 49010-0008MI1962-04$91,554
8Western Insurance Scholarship Foundation159 N Scott St, Adrian, MI 49221-1945MI1992-03$84,208
9Theuerkorn Foundation38148 Lakeshore Dr, Harrison Twp, MI 48045-2857MI1997-02$79,567
10Stewart Management Group Charitable Foundation31850 Ford Rd, Garden City, MI 48135-1506MI1995-07$67,899
11Thornapple Kellogg Education FoundationPO BOX 164, Middleville, MI 49333-0164MI1994-05$64,015
12Troy Rotary FoundationPO BOX 4544, Troy, MI 48099-4544MI1997-07$58,610
13Tahquamenon Education FoundationPo Box 483, Newberry, MI 49868MI1987-07$56,161
14Cass Tech High School Alumni Asso2501 Second Ave, Detroit, MI 48201MI1998-02$28,779
15Scottish Rite Valley Of Detroit Cha Ritable And Educational Foundation907 Monroe St, Dearborn, MI 48124-2309MI1993-06$14,988
16Steve Paul Friedman Foundation6745 Heron Pt, W Bloomfield, MI 48323-2061MI1998-08$6,760
17Verne O Kling And Dorothy M Kling Scholarship FundPO BOX 75000, Detroit, MI 48275-7874MI1998-10$4,345
18Simran Nanda FoundationPO BOX 700809, Plymouth, MI 48170-0954MI1997-04$3,307
19Sherrie L Jones Foundation254 Charlevoix Ave, Grosse Pointe, MI 48236-3359MI1998-07$37
20Uaw Local 594 Member Contributions Foundation27800 George Merrelli Drive, Warren, MI 48092MI1992-09$32
Number of organizations performing similar types of work
Alaska15
Alabama29
Arkansas27
Arizona42
California252
Colorado46
Connecticut69
District of Columbia36
Delaware10
Florida151
Georgia78
Hawaii18
Iowa52
Idaho15
Illinois193
Indiana80
Kansas57
Kentucky48
Louisiana26
Massachusetts102
Maryland74
Maine15
Michigan138
Minnesota61
Missouri93
Mississippi12
Montana14
North Carolina100
North Dakota5
Nebraska30
New Hampshire12
New Jersey147
New Mexico15
Nevada16
New York202
Ohio188
Oklahoma33
Oregon38
Pennsylvania160
Rhode Island22
South Carolina36
South Dakota7
Tennessee42
Texas251
Utah11
Virginia136
Vermont9
Washington68
Wisconsin96
West Virginia21
Wyoming9
International5
Total3,412

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Alexander Petrellis Perry Trust and has no official or unofficial affiliation with Alexander Petrellis Perry Trust