Donald E Nelson And Margaret L Nelson Scholarship Fund in Iron Mountain, 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
| Donald E Nelson And Margaret L Nelson Scholarship Fund | |
| Employer Identification Number (EIN) | 382731508 |
| Name of Organization | Donald E Nelson And Margaret L Nelson Scholarship Fund |
| Address | W9473 H Lucas Dr, Iron Mountain, MI 49801-9409 |
| Subsection | Educational Organization |
| Ruling Date | 11/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $234,350 |
| Amount of Income | $79,104 |
| Form 990 Revenue Amount | $38,176 |
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 | $24,913 | $13,305 | $0 | |
| Contributions, gifts, grants, etc., received | $11,607 | |||
| Interest on savings and temporary cash investments | $7 | |||
| Dividends and interest from securities | $12,570 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $729 | |||
| Total expenses and disbursements | $9,850 | $3 | $0 | $9,213 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $700 | $3 | $63 | |
| Contributions, gifts, grants paid | $9,150 | |||
| Excess of revenue over expenses and disbursements | $15,062 | |||
| Net investment income | $13,302 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $190,194 | $203,049 |
| Cash - non-interest-bearing | $16 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $184,480 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $5,698 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $190,194 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $727 |
| 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 | $220 |
| Total credits and payments | $540 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $540 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $320 |
| Amount to be credited to 2013 estimated tax | $320 |
| 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? | Yes |
| 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 | $184,270 |
| Net value of noncharitable-use assets | $181,500 |
| Minimum investment return | $9,075 |
| Distributable Amount (for 2012) | |
| Distributable amount | $8,854 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $8,854 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
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
|
|
Believers Community Outreach Center in Macomb Township, MI
|
| Other organizations in Michigan | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Domus Vita | 34050 Industrial Rd, Livonia, MI 48150-1306 | MI | 1986-12 | $6,041,085 |
| 2 | Don & Dolly Smith Foundation | PO BOX 187, Grosse Ile, MI 48138-0187 | MI | 1965-06 | $4,343 |
| 3 | Don Bosco Hall | 2340 Calvert St, Detroit, MI 48206-1560 | MI | 1946-03 | $6,082,853 |
| 4 | Don Bush Childrens Fund Inc | 1647 W Big Beaver Rd, Troy, MI 48084-3501 | MI | 2001-08 | $30,893 |
| 5 | Donald & Marie Vanden Bos Foundation | 3663 N Johnson Rd, Coral, MI 49322-9795 | MI | 1987-09 | $6 |
| 6 | Donald And Ann Parfet Family Foundation | 350 E Michigan Ave Ste 500, Kalamazoo, MI 49007-3856 | MI | 1997-06 | $327,602 |
| 7 | Donald And Ethel Baughey Foundation | 7620 W Us 223, Adrian, MI 49221-8421 | MI | 2001-04 | $98 |
| 8 | Donald And Mary Kosch Foundation | 9 W Lane Ct, Dearborn, MI 48124-1131 | MI | 1994-02 | $1,295,262 |
| 9 | Donald And Norma Golden Family Foundation | 2000 Town Ctr Ste 1500, Southfield, MI 48075-1148 | MI | 2006-04 | $328,765 |
| 10 | Donald C And Doris G Griffith Foundation | 1701 Clear Creek Ct Ne, Grand Rapids, MI 49505-7700 | MI | 1985-05 | $110,817 |
| 11 | Donald E Nelson And Margaret L Nelson Scholarship Fund | W9473 H Lucas Dr, Iron Mountain, MI 49801-9409 | MI | 1987-11 | $79,104 |
| 12 | Donald J Yacks Parent-Teacher Club Of The L Anse Creuse Public | 34700 Union Lake Road, Harrison Township, MI 48045 | MI | 1990-12 | $0 |
| 13 | E M Forward Family Foundation Inc | 3220 Chamberlain Cir, Ann Arbor, MI 48103-8866 | MI | 2004-11 | $41,832 |
| 14 | Driggers Foundation | 89 N Baldwin Rd, Clarkston, MI 48348-2301 | MI | 1992-08 | $6,044 |
| 15 | Eugene & Sheila Mondry Family Foundation | 187 S Old Woodward Ave Ste 200, Birmingham, MI 48009-6132 | MI | 1979-05 | $573,630 |
| 16 | Early Childhood Development Inc | 70785 Broderick Way, Niles, MI 49120-5934 | MI | 1972-08 | $2,087,287 |
| 17 | Donald L Johns Family Foundation | 44 1st St, Mount Clemens, MI 48043-2523 | MI | 1998-04 | $1,821 |
| 18 | Donald R And Esther Simon Foundation | 6318 Ramwyck Ct, W Bloomfield, MI 48322-2251 | MI | 2008-01 | $190,142 |
| 19 | Dont Just Sit There Foundation Inc | 3811 Wedgewood Dr Ste 193, Bloomfld Hls, MI 48301-3950 | MI | 2014-11 | $0 |
| 20 | Dooge Family Foundation | 813 Cascade Hills East Dr Se, Grand Rapids, MI 49546-3672 | MI | 2007-12 | $197,475 |
Organization representatives - add corrected or new information about Donald E Nelson And Margaret L Nelson Scholarship Fund »
Non-representatives - add comments about Donald E Nelson And Margaret L Nelson Scholarship Fund»