David G & Carol P Myers Charitable Foundation in Holland, Michigan (MI)

David G & Carol P Myers Charitable Foundation
Employer Identification Number (EIN)	382884733
Name of Organization	David G & Carol P Myers Charitable Foundation
In Care of Name	Carol P Myers
Address	109 W 12th St, Holland, MI 49423-3214
Activities	Gifts, grants, or loans to other organizations
Subsection	Charitable Organization
Ruling Date	11/1989
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$10,000,000 to $49,999,999
Income	$5,000,000 to $9,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$36,663,793
Amount of Income	$6,993,815
Form 990 Revenue Amount	$5,802,486

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$5,707,283	$5,707,283	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$510,987
Gross rents	$0
Gross sales price for all assets	$2,000,139
Gross profit from sales of goods	$0
Other income	$4,482,689
Other	$713,607
Total expenses and disbursements	$2,455,662	$457,169	$0	$1,920,876
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$6,195
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$542,148	$457,169		$7,362
Contributions, gifts, grants paid	$1,913,514
Excess of revenue over expenses and disbursements	$3,251,621
Net investment income		$5,250,114
Adjusted net income			$0

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$30,657,751	$31,321,922	$33,413,908	$33,733,869	$36,663,793	$35,985,478
Cash - non-interest-bearing	$-2,465		$33,016		$222,317
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$0		$0		$0
Investments-corporate bonds	$0		$0		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$30,660,216		$33,380,892		$36,441,476
Other assets			$0		$0
Total liabilities	$0		$0		$0
Total liabilities and net assets/fund balances	$30,657,751		$33,413,908		$36,663,793

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$916,235	$570,808	$713,607
Net capital loss	$0	$0	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$53,862	$43,004	$52,501
Total credits and payments	$65,000	$71,003	$63,364
Current year estimated tax payments and previous year's overpayment credited to current year	$41,000	$11,003	$63,364
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$24,000	$60,000	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$135	$635	$0
Tax due		$0	$0
Overpayment		$27,364	$10,863
Amount to be credited to next year's estimated tax	$11,003	$27,364	$10,863

	2011	2012	2013
Statements Regarding Activities
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	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
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?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
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?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	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	No	No
Agree to pay money or property to a government official?	No	No	No
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?		No	No
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?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
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?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
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?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
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?		No	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	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	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	No	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	No	No
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?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$31,820,743	$32,263,824	$37,223,398
Net value of noncharitable-use assets		$31,779,867	$36,665,047
Minimum investment return	$1,567,172	$1,588,993	$1,833,252

	2011	2012	2013
Distributable Amount
Distributable amount	$1,513,310	$1,545,989	$1,780,751

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$1,513,310	$1,545,989	$1,780,751
Undistributed income for this year. This amount must be distributed in the next year	$809,401	$836,666	$696,541

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
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 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
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	$510,987	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
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:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

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 David G & Carol P Myers Charitable Foundation to others? (optional)

Yes

Add photo of David G & Carol P Myers Charitable Foundation (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

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

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (3.142.144.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
American Federation Of Government Employees, 3272 Afge Local in Holland, MI
Blue Water Pregnancy Care Center in Port Huron, MI
Knights Of The Road Motorcycle Club in Detroit, MI
Oakland County Bible Students Inc in Clawson, MI
Mich Volunteer Legionary Corps Of Artillery in Owosso, MI
Ludington Recreation Soccer Board, Ludington Soccer Club in Ludington, MI
Clinton River Ski Club in Boyne City, MI
Rabbit & Small Animal Rescue in Westland, MI
Prison Legal Services Of Michigan Inc in Jackson, MI
Special Dreams Farm in New Baltimore, MI

Recently Added Reviews

American Federation Of Government Employees, 3272 Afge Local in Holland, MI

Blue Water Pregnancy Care Center in Port Huron, MI

Knights Of The Road Motorcycle Club in Detroit, MI

Oakland County Bible Students Inc in Clawson, MI

Mich Volunteer Legionary Corps Of Artillery in Owosso, MI

Ludington Recreation Soccer Board, Ludington Soccer Club in Ludington, MI

Clinton River Ski Club in Boyne City, MI

Rabbit & Small Animal Rescue in Westland, MI

Prison Legal Services Of Michigan Inc in Jackson, MI

Special Dreams Farm in New Baltimore, MI

Id	Name	Address	State	Established	Total Income
Other organizations in Michigan
1	David And Edith Emerman Foundation Inc	31500 Northwestern Hwy Ste 160, Farmingtn Hls, MI 48334-2568	MI	1962-05	$56,045
2	David And Effi Weinberg Foundation	95 Manorwood Dr, Bloomfield, MI 48304-2130	MI	1999-12	$4,592
3	David And Judith Jones Family Foundation	2732 Jessica Dr, Portage, MI 49024-7899	MI	2008-04	$1
4	David And Mary Slikkers Family Foundation	6460 Legacy Woods Dr, Holland, MI 49423-8552	MI	2000-02	$117
5	David And Zella Bueker Wallace Foundation Charitable Trust	39 E Hannum Blvd, Saginaw, MI 48602-1948	MI	1987-02	$21,777
6	David Beebe Ministries Inc	Po Box 823, Newaygo, MI 49337	MI	2005-12	$0
7	David C And Stacy F Markel Charitable Foundation	3060 Dover Pl, Ann Arbor, MI 48104-1816	MI	2006-05	$37,025
8	David Caffrey Memorial Fund	3196 Grove Street Rd, Standish, MI 48658-9209	MI	2013-04	$8,034
9	David Ellis Academy	18977 Schaefer Hwy, Detroit, MI 48235-1762	MI	1998-02	$2,174,761
10	David F And Linda L Upton Family Foundation, Caranci Gary R Ttee	200 Ridgeway St, St Joseph, MI 49085-1000	MI	1999-01	$1
11	David G & Carol P Myers Charitable Foundation	109 W 12th St, Holland, MI 49423-3214	MI	1989-11	$6,993,815
12	David G Goodrich College Education Fund	PO BOX 3636, Grand Rapids, MI 49501-3636	MI	1996-09	$512,984
13	David Holmden Harris And Anne Wells Harris Charitable Foundation	9877 E Northern Sites Dr, Traverse City, MI 49684-7719	MI	1997-02	$2,501
14	David Horodoker Womens Organization	6945 Chimney Hill Dr Apt 1611, W Bloomfield, MI 48322-4542	MI	1998-11	$56,954
15	David Ohare Foundation Inc	2701 Blackberry Ln Ne, Grand Rapids, MI 49525-9760	MI	1997-08	$1,378
16	David P & Linda M Mehney Foundation	6617 Crossings Dr Se Ste 100, Grand Rapids, MI 49508-7378	MI	1985-06	$689,737
17	David Wolcott Kendall Memorial School Foundation	17 Fountain St Nw, Grand Rapids, MI 49503-3002	MI	1996-11	$171,302
18	Davids House	2390 Banner Dr Sw, Wyoming, MI 49509-1930	MI	1979-04	$337,331
19	Davids House Ministries	2390 Banner Dr Sw, Wyoming, MI 49509-1930	MI	1990-07	$3,213,629
20	Davis Campus Cooperatives	PO BOX 7715, Ann Arbor, MI 48107-7715	MI	1993-12	$374,240

NonProfitFacts.com is not associated with, endorsed by, or sponsored by David G & Carol P Myers Charitable Foundation and has no official or unofficial affiliation with David G & Carol P Myers Charitable Foundation