Luke Family Foundation in Grand Rapids, 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
- Organizations performing similar types of work
| Luke Family Foundation | |
| Employer Identification Number (EIN) | 593486468 |
| Name of Organization | Luke Family Foundation |
| In Care of Name | Janet Dietsch |
| Address | 2035 28th Street Se, Grand Rapids, MI 49508-1594 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $1,019,705 |
| Amount of Income | $22,312 |
| Form 990 Revenue Amount | $20,120 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $22,312 (it was $20,120 in 2011)
| Luke Family Foundation: | $22,312 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2012: $1,019,705 (it was $993,972 in 2011)
| Luke Family Foundation: | $1,019,705 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2011: $64,306
| Luke Family Foundation: | $64,306 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2011: 0.3
| This organization: | 0.3 |
| Other organizations performing similar types of work: | 2.0 |
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 | $20,120 | $46,384 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $4,493 | |||
| Dividends and interest from securities | $15,627 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $64,306 | $6,126 | $7,330 | $50,850 |
| Compensation of officers, directors, trustees, etc. | $6,000 | |||
| Total operating and administrative expenses | $13,456 | $6,126 | $0 | |
| Contributions, gifts, grants paid | $50,850 | |||
| Excess of revenue over expenses and disbursements | $-44,186 | |||
| Net investment income | $40,258 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $993,972 | $993,972 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $882,279 | |
| Investments-corporate bonds | $77,133 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $34,560 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $993,972 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| 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 | $403 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $403 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | U S-China Cultural Foundation | 920 E Lincoln St, Birmingham, MI 48009-3608 | MI | 1995-07 | $3,593,409 |
| 2 | The Ten Talent Foundation Ltd | 2435 Waite Ave, Kalamazoo, MI 49008-2231 | MI | 1995-08 | $1,273,102 |
| 3 | William Tuxbury Kutsche And Geraldene Gulliford Kutsche | PO BOX 3636, Grand Rapids, MI 49501-3636 | MI | 1995-07 | $1,223,767 |
| 4 | St Aton Foundation Inc | PO BOX 547, Houghton, MI 49931-0547 | MI | 1995-01 | $815,976 |
| 5 | Universal Forest Products Foundation | 2801 E Beltline Ne, Grand Rapids, MI 49525-9680 | MI | 1995-06 | $761,381 |
| 6 | The Minkin Family Foundation | 41000 Woodward Ave Ste 120 E, Bloomfield Hills, MI 48304-5130 | MI | 1996-11 | $592,727 |
| 7 | Schalon Foundation | 4418 Tanglewood Trl, Saint Joseph, MI 49085-9686 | MI | 1997-04 | $543,389 |
| 8 | Velma M Skeen French Tr | PO BOX 309, Coldwater, MI 49036-0309 | MI | 1995-01 | $269,899 |
| 9 | The Brennan Family Charitable Trust, Brennan James R & Margaret M Ttees | 123 Noren Rd, Iron River, MI 49935-8478 | MI | 1996-06 | $225,240 |
| 10 | Schoonbeck Family Foundation | 310 Riders Trl Ne, Ada, MI 49301-9554 | MI | 1998-01 | $201,877 |
| 11 | Simon And Mary Vanderkooy Foundation | 5300 Northland Dr Ne Ste G, Grand Rapids, MI 49525-1058 | MI | 1995-09 | $68,165 |
| 12 | The Rones Foundation | 31710 Ridgeside Dr Apt 1, Farmingtn Hls, MI 48334-1274 | MI | 1996-08 | $59,120 |
| 13 | Stanley & Margaret Winkelman Foundation | PO BOX 2030 6735 TELEGRAPH RD, Bloomfield Hills, MI 48301-3141 | MI | 1982-09 | $32,234 |
| 14 | Shubeck Monsour Foundation | 1500 Long Rd, Kalamazoo, MI 49008-1322 | MI | 1995-05 | $30,245 |
| 15 | Walter H & Ella Stevenson Fdtn | PO BOX 75000, Detroit, MI 48275-7874 | MI | 1996-07 | $28,111 |
| 16 | Thomara Latimer Foundation | 29209 Northwestern Hwy 528, Southfield, MI 48034-1006 | MI | 1998-11 | $26,649 |
| 17 | Stewardship Foundation | 2540 Floral Dr, Zeeland, MI 49464-9106 | MI | 1997-08 | $25,146 |
| 18 | The@aaron And Anne Ginsberg Foundation | 2025 W Long Lake Rd Ste 100, Troy, MI 48098-4100 | MI | 1998-01 | $626 |
| 19 | The Sekkarie Foundation | C/O 26300 Telegraph Rd, Southfield, MI 48033 | MI | 1996-10 | $10 |
| 20 | Knowledge Charitable Foundation Inc C/O Prime Pvc Inc | 38955 Hills Tech Dr, Farmingtn Hls, MI 48331-3431 | MI | 1997-04 | $1 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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