American Afc Inc in Twin Lake, Michigan (MI)
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
- Organizations performing similar types of work
| American Afc Inc | |
| Employer Identification Number (EIN) | 043753749 |
| Name of Organization | American Afc Inc |
| In Care of Name | Michael T Mcgahan |
| Address | 17 E White Lake Dr, Twin Lake, MI 49457-9556 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1 |
| Amount of Income | $64,402 |
| Form 990 Revenue Amount | $122,463 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Foster Care |
Non-representatives - add comments:
Amount of income in 2013: $64,402 (it was $96,955 in 2012)
| American Afc Inc: | $64,402 |
| Other organizations performing similar types of work: | $306,516 |
Assets in 2013: $1 (it was $1,453 in 2012)
| American Afc Inc: | $1 |
| Other organizations performing similar types of work: | $82,830 |
Expenses in 2012: $98,404
| This organization: | $98,404 |
| Other organizations performing similar types of work: | $324,067 |
Income to expenses ratio in 2012: 0.7
| American Afc Inc: | 0.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 31.5% |
| 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 | $96,955 | $0 | $96,955 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $96,955 | |||
| Total expenses and disbursements | $98,404 | $1,457 | $98,434 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $98,404 | $1,457 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-1,449 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,453 | $0 |
| Cash - non-interest-bearing | $-4 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,457 | |
| Total liabilities | $667 | |
| Mortgages and other notes payable | $0 | |
| Other | $667 | |
| Total liabilities and net assets/fund balances | $786 | |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Child Safe Michigan | Ste 250, Madison Heights, MI 48071 | MI | 2013-01 | $1,689,778 |
| 2 | Fostering Futures | 3300 Washtenaw Ave Ste 260, Ann Arbor, MI 48104-5184 | MI | 2010-07 | $1,054,635 |
| 3 | Loco Ministries Inc | 2516 Westward Dr, Traverse City, MI 49685-6905 | MI | 2011-04 | $147,243 |
| 4 | Tri-County Connection Resource Center Tcc Inc | PO BOX 27896, Detroit, MI 48227 | MI | 1997-08 | $16,325 |
| 5 | Fosters Forward | 2929 76th St Sw, Byron Center, MI 49315-9430 | MI | 2014-10 | $10,918 |
| 6 | A&p Foster Care Enrichment Program | 5278 Skyview Ln Apt 10, Battle Creek, MI 49015-9693 | MI | 2004-06 | $0 |
| 7 | Foster Adopted Grandparents Helping Hands Support Group | 714 Dearborn St, Saginaw, MI 48602-1354 | MI | 2001-03 | $0 |
| 8 | Foster Closet Of Michigan | 21420 Gill Rd, Farmington Hills, MI 48335 | MI | 2013-04 | $0 |
| 9 | Friends Of Homes For Black Children | 27059 Lincolnshire Dr, Southfield, MI 48034-4706 | MI | 1999-06 | $0 |
| 10 | Georgia Intensive Family Services Inc | 1260 Woodkrest Dr, Flint, MI 48532-2249 | MI | 2004-12 | $0 |
| 11 | Helping Hands Of Michigan 2007 Inc | 3075 Shattack Rd Ste 856, Saginaw, MI 48603-3299 | MI | 2008-06 | $0 |
| 12 | House Of Providence | PO BOX 7266, Detroit, MI 48207-0266 | MI | 2014-08 | $0 |
| 13 | Inner City Youth Group | 13031 Chandler Park Dr, Detroit, MI 48213 | MI | 2011-02 | $0 |
| 14 | Jatec Corp | 5836 W Weidman Rd, Weidman, MI 48893-8768 | MI | 2003-10 | $0 |
| 15 | Michigan Youth Transition, Usucceed Inc | Po Box 214015, Auburn Hills, MI 48321 | MI | 2004-07 | $0 |
| 16 | New Beginnings | 31626 Red Arrow Hwy, Paw Paw, MI 49079 | MI | 1999-05 | $0 |
| 17 | Rose Garden | 2035 5th St, Muskegon Hts, MI 49444-1008 | MI | 2007-04 | $0 |
| 18 | Shield Agency Of Change | PO BOX 1281, Southgate, MI 48195-0281 | MI | 2014-09 | $0 |
| 19 | Support & Training For Adoptive & Foster Families, Staff | PO BOX 5944, Jackson, MI 49204-5944 | MI | 2003-11 | $0 |
| 20 | Tender Mercies Agency | 6960 Orchard Lake Rd Ste 120, W Bloomfield, MI 48322-4517 | MI | 2005-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 896 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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