Debower Foundation Charitable Trust in Muskegon, 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
- Other organizations in Michigan
| Debower Foundation Charitable Trust | |
| Employer Identification Number (EIN) | 386475514 |
| Name of Organization | Debower Foundation Charitable Trust |
| Address | PO BOX 1242, Muskegon, MI 49443-1242 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 03/1985 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $41,091 |
| Amount of Income | $3,339 |
| Form 990 Revenue Amount | $2,079 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $2,079 | $2,079 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $758 | |||
| Dividends and interest from securities | $338 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $983 | |||
| Total expenses and disbursements | $3,995 | $1,520 | $0 | $2,475 |
| Compensation of officers, directors, trustees, etc. | $1,650 | |||
| Total operating and administrative expenses | $2,945 | $1,520 | $1,425 | |
| Contributions, gifts, grants paid | $1,050 | |||
| Excess of revenue over expenses and disbursements | $-1,916 | |||
| Net investment income | $559 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $36,179 | $25,423 |
| Cash - non-interest-bearing | $258 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $35,921 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $36,179 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $983 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $11 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $11 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $29,941 |
| Net value of noncharitable-use assets | $29,500 |
| Minimum investment return | $1,475 |
| Distributable Amount (for 2011) | |
| Distributable amount | $1,464 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $1,464 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 Michigan | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Dearborn Masonic Temple Assn Inc | 907 Monroe St, Dearborn, MI 48124-2309 | MI | 1946-06 | $46,440 |
| 2 | Dearborn Orchestral Society Endowment Fund Inc | PO BOX 2063, Dearborn, MI 48123-2063 | MI | 1992-07 | $375,714 |
| 3 | Dearborn Orchestral Society Inc | PO BOX 2063, Dearborn, MI 48123-2063 | MI | 1964-06 | $207,763 |
| 4 | Dearborn Public Library Foundation | 16301 Michigan Ave, Dearborn, MI 48126 | MI | 2007-06 | $0 |
| 5 | Dearborn Public Schools Education Foundation | 18700 Audette St, Dearborn, MI 48124-4222 | MI | 1993-02 | $252,635 |
| 6 | Dearborn Rotary Foundation | PO BOX 2347, Dearborn, MI 48123-2347 | MI | 1966-06 | $200,261 |
| 7 | Dearborn Soccer Club | PO BOX 741, Dearborn, MI 48121-0741 | MI | 2001-12 | $273,539 |
| 8 | Dearborn Trs-80 Tm Users Group | PO BOX 1942, Dearborn, MI 48121-1942 | MI | 1985-09 | $183 |
| 9 | Dearborn Youth Football Association Inc | 7652 W Morrow Cir, Dearborn, MI 48126-1155 | MI | 2015-02 | $67,911 |
| 10 | Debasish And Chinu Mridhafoundation Inc | 4705 Towne Centre, Saginaw, MI 48604-2818 | MI | 2008-04 | $20,000 |
| 11 | Debower Foundation Charitable Trust | PO BOX 1242, Muskegon, MI 49443-1242 | MI | 1985-03 | $3,339 |
| 12 | Deckerville Community Hospital Inc | PO BOX 126, Deckerville, MI 48427-0126 | MI | 1953-12 | $7,073,480 |
| 13 | Deep Spring Center For Meditation And Spiritual Inquiry, Deep Spring Center | 3003 Washtenaw Ave Ste 2, Ann Arbor, MI 48104-5107 | MI | 1995-10 | $76,706 |
| 14 | Deeper Life Outreach Ministries | 500 Josephine Street, Detroit, MI 48202 | MI | 2000-05 | $0 |
| 15 | Deer Creek Open Space Association Inc | 720 Saint Joseph Dr, Saint Joseph, MI 49085-2429 | MI | 1999-07 | $10,966 |
| 16 | Deerfield Pto | 3600 Crooks Road, Rochester Hills, MI 48309 | MI | 2007-03 | $0 |
| 17 | Dees Afc Inc | 68 N Astor St, Pontiac, MI 48342-2916 | MI | 2006-09 | $138,270 |
| 18 | Defoe Family Foundation | 9459 Whispering Sands Dr, West Olive, MI 49460-9516 | MI | 2000-03 | $72,057 |
| 19 | Degage Ministries | 144 Division Ave S, Grand Rapids, MI 49503-4216 | MI | 1985-05 | $1,746,670 |
| 20 | Degraw Ministries | Po Box 65, Grandville, MI 49468 | MI | 2007-07 | $50,319 |
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