Harbor Beach Student Loan Fund Association in Harbor Beach, 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
| Harbor Beach Student Loan Fund Association | |
| Employer Identification Number (EIN) | 386091395 |
| Name of Organization | Harbor Beach Student Loan Fund Association |
| Address | 8118 Section Line Rd, Harbor Beach, MI 48441-9619 |
| Activities | Fundraising, Gifts, grants, or loans to other organizations, Gifts or grants to individuals (other than scholarships) |
| Subsection | Educational Organization |
| Ruling Date | 11/1946 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2012 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $83,106 |
| Amount of Income | $28,667 |
| Form 990 Revenue Amount | $127 |
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 | $28,667 | $159 | $159 | |
| Contributions, gifts, grants, etc., received | $28,508 | |||
| Interest on savings and temporary cash investments | $159 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $1,173 | $0 | $0 | $1,173 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $173 | $0 | $173 | |
| Contributions, gifts, grants paid | $1,000 | |||
| Excess of revenue over expenses and disbursements | $27,494 | |||
| Net investment income | $159 | |||
| Adjusted net income | $159 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $83,106 | $83,106 |
| Cash - non-interest-bearing | $9,598 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $73,508 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $83,106 | |
| 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 | $2 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $2 |
| 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 | $39,756 |
| Net value of noncharitable-use assets | $39,160 |
| Minimum investment return | $1,958 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,956 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,956 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,295 |
| 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 | Hansel & Gretel Pre-School Nursery | Po Box 122, Centreville, MI 49091 | MI | 1972-11 | $0 |
| 2 | Hansen Charitable Foundation | 5775 Stonebridge Dr Sw, Grandville, MI 49418-3240 | MI | 1997-07 | $2,082,891 |
| 3 | Hanson Family Foundation | 2900 South State Street, St Joseph, MI 49085-2455 | MI | 1992-07 | $1,378,256 |
| 4 | Happendance Inc | 3448 Hagadorn, Okemos, MI 48864-4215 | MI | 1969-08 | $250,269 |
| 5 | Happily Ever After Educational Programs Inc | 3532 Blair Ct, W Bloomfield, MI 48323-1702 | MI | 2004-04 | $1,110 |
| 6 | Harbor Area Housing Inc | 311 W Main St, Harbor Spgs, MI 49740-1444 | MI | 1977-03 | $219,596 |
| 7 | Harbor Area Recreation And Entertainment Inc | 7480 Ridge Rd, Harbor Springs, MI 49740 | MI | 2008-01 | $0 |
| 8 | Harbor Arts Inc | 107 Generation Dr, Three Oaks, MI 49128-1064 | MI | 1999-04 | $26,024 |
| 9 | Harbor Beach Community Hospital Inc | 210 S 1st St, Harbor Beach, MI 48441-1236 | MI | 1960-06 | $11,672,876 |
| 10 | Harbor Beach Hospital Foundation | 210 S 1st St, Harbor Beach, MI 48441-1236 | MI | 2000-08 | $49,652 |
| 11 | Harbor Beach Student Loan Fund Association | 8118 Section Line Rd, Harbor Beach, MI 48441-9619 | MI | 1946-11 | $28,667 |
| 12 | Harbor Choral Festival Of Music Inc | 573 Brownstone Street, Holland, MI 49423 | MI | 2004-03 | $0 |
| 13 | Harbor Country Chamber | 15311 Three Oaks Rd, Three Oaks, MI 49128-8549 | MI | 1984-02 | $184,761 |
| 14 | Harbor Country Emergency Food Pantry Inc | PO BOX 113, Three Oaks, MI 49128-0113 | MI | 1991-12 | $56,131 |
| 15 | Harbor Country Convention & Visitors Bureau | PO BOX 945, New Buffalo, MI 49117-0945 | MI | 2002-07 | $25,361 |
| 16 | Harbor Hall Foundation | PO BOX 376, Harbor Spgs, MI 49740-0376 | MI | 2015-03 | $912,323 |
| 17 | Harbor Hall Inc | 704 Emmet St, Petoskey, MI 49770-2910 | MI | 1975-02 | $2,136,390 |
| 18 | Harbor Harvest Urban Ministries | PO BOX 1042, Benton Harbor, MI 49023-1042 | MI | 2000-06 | $174,720 |
| 19 | Harbor House Foundation | 7683 Cottonwood Drive, Jenison, MI 49428-7320 | MI | 2004-12 | $184,334 |
| 20 | Harbor House Ministries | 7683 Cottonwood Drive, Jenison, MI 49428-7320 | MI | 2001-01 | $2,696,655 |
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