Gilbert B And Lila Silverman Foundation in Southfield, 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
| Gilbert B And Lila Silverman Foundation | |
| Employer Identification Number (EIN) | 381796145 |
| Name of Organization | Gilbert B And Lila Silverman Foundation |
| Address | 26500 Telegraph Rd, Southfield, MI 48033-5349 |
| Activities | Gifts, grants, or loans to other organizations, Gifts or grants to individuals (other than scholarships) |
| Subsection | Educational Organization |
| Ruling Date | 05/1966 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 09/2012 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $44,609 |
| Amount of Income | $80,000 |
| Form 990 Revenue Amount | $80,000 |
Non-representatives - add comments:
Expenses 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 | $80,000 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $80,000 | |||
| 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 | $0 | |||
| Total expenses and disbursements | $39,071 | $0 | $0 | $36,220 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,851 | $0 | $0 | |
| Contributions, gifts, grants paid | $36,220 | |||
| Excess of revenue over expenses and disbursements | $40,929 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $44,609 | $44,609 |
| Cash - non-interest-bearing | $44,609 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $44,609 | |
| 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 | $54,913 |
| Net value of noncharitable-use assets | $54,080 |
| Minimum investment return | $2,704 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,704 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,704 |
| 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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| Other organizations in Michigan | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Gianni Ferrarotti Lung Cancer Fdn | 17345 Kinloch, Redford, MI 48240 | MI | 2004-09 | $17,229 |
| 2 | Gibraltar Area Community Foundation | 30616 Triangle Dr, Gibraltar, MI 48173-9562 | MI | 2008-02 | $7,919 |
| 3 | Gibraltar Goodfellows | 29450 Munro, Gibraltar, MI 48173 | MI | 1992-12 | $0 |
| 4 | Gibson School Inc | 12925 Fenton, Redford, MI 48239-2603 | MI | 1973-10 | $684,808 |
| 5 | Gideon Gift Foundation | 3430 E Jefferson Ave Ste 738, Detroit, MI 48207-4233 | MI | 2003-10 | $15,421 |
| 6 | Gift Of A Helping Hand Charitable Aid Foundation | 17148 Waltham St, Detroit, MI 48205-3156 | MI | 2005-08 | $142,817 |
| 7 | Gift Of A Helping Hand Charitable Tr | 11101 Morang Dr, Detroit, MI 48224-1702 | MI | 2002-07 | $142,817 |
| 8 | Gift Of Life Foundation | 3861 Research Park Dr, Ann Arbor, MI 48108-2217 | MI | 1973-09 | $136,020 |
| 9 | Gii Charities | 55 Campau Ave Nw, Grand Rapids, MI 49503-2642 | MI | 2004-08 | $5,483,506 |
| 10 | Gilbert & Lila Silverman Fluxus Collection Foundation | 4054 Cranbrook Ct, Bloomfield, MI 48301-1714 | MI | 1990-06 | $385,738 |
| 11 | Gilbert B And Lila Silverman Foundation | 26500 Telegraph Rd, Southfield, MI 48033-5349 | MI | 1966-05 | $80,000 |
| 12 | Gilbert Residence Inc | 203 S Huron St, Ypsilanti, MI 48197-5422 | MI | 1955-02 | $5,716,369 |
| 13 | Gildas Club Grand Rapids | 1806 Bridge St Nw, Grand Rapids, MI 49504-4921 | MI | 1998-04 | $1,695,088 |
| 14 | Gildas Club Greater Lansing | 1400 Abbott Rd Ste 400, East Lansing, MI 48823-1900 | MI | 2000-01 | $1,092 |
| 15 | Gildas Club-Metro Detroit | 3517 Rochester Rd, Royal Oak, MI 48073-2814 | MI | 1994-07 | $605,240 |
| 16 | Gilead Group Inc | 3830 Packard Rd Ste 210-B, Ann Arbor, MI 48108-2051 | MI | 2004-02 | $57,070 |
| 17 | Gilead Healing Ministries | 306 S Creyts Rd, Lansing, MI 48917-8289 | MI | 2004-11 | $393,540 |
| 18 | Gillespie Adult Foster Care Inc | 448 S Fox Hill Dr, Bloomfield Hills, MI 48304-1352 | MI | 1997-07 | $84,863 |
| 19 | Gillett Family Foundation | 3100 Boynton Ave Ne, Ada, MI 49301-9748 | MI | 2008-03 | $7,568,781 |
| 20 | Gilmore Foundation | PO BOX 3636, Grand Rapids, MI 49501-3636 | MI | 1959-04 | $49,913 |
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