Mcdonald Agape Foundation in Birmingham, 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
| Mcdonald Agape Foundation | |
| Employer Identification Number (EIN) | 382840692 |
| Name of Organization | Mcdonald Agape Foundation |
| Address | 380 N Old Woodward Ave Ste 212, Birmingham, MI 48009-5314 |
| Activities | Other religious activities, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 11/1989 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $11,791,791 |
| Amount of Income | $3,389,056 |
| Form 990 Revenue Amount | $958,686 |
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 | $458,818 | $433,483 | $0 | |
| Contributions, gifts, grants, etc., received | $25,334 | |||
| Interest on savings and temporary cash investments | $10,263 | |||
| Dividends and interest from securities | $198,399 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-86,643 | |||
| Other | $311,465 | |||
| Total expenses and disbursements | $580,596 | $95,235 | $0 | $485,120 |
| Compensation of officers, directors, trustees, etc. | $124,500 | |||
| Total operating and administrative expenses | $246,200 | $95,235 | $150,724 | |
| Contributions, gifts, grants paid | $334,396 | |||
| Excess of revenue over expenses and disbursements | $-121,778 | |||
| Net investment income | $338,248 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $10,459,623 | $10,459,623 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $4,478,921 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $5,943,315 | |
| Other | $37,387 | |
| Total liabilities | $348,278 | |
| Mortgages and other notes payable | $0 | |
| Other | $348,278 | |
| Total liabilities and net assets/fund balances | $10,111,345 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $311,465 |
| 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 | $6,765 |
| Total credits and payments | $8,170 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $8,170 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,405 |
| Amount to be credited to 2013 estimated tax | $1,405 |
| 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? | Yes |
| 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 | $10,483,655 |
| Net value of noncharitable-use assets | $10,166,560 |
| Minimum investment return | $508,328 |
| Distributable Amount (for 2012) | |
| Distributable amount | $501,563 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $501,563 |
| 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 | Mcbrearty Associates | 1139 Park Place Ct, Bloomfld Hls, MI 48302-1458 | MI | 1997-02 | $305 |
| 2 | Mcbridge Quality Care Services Inc | 209 E Chippewa St, Mt Pleasant, MI 48858-1609 | MI | 1991-09 | $10,582,641 |
| 3 | Mccarty Cancer Foundation | 20750 Civic Center Drive Ste 418, Southfield, MI 48076 | MI | 1999-04 | $0 |
| 4 | Mcclees Care Alliance | PO BOX 1595, Muskegon, MI 49443-1595 | MI | 1993-08 | $71,105 |
| 5 | Mcclelland Foundation | 1111 W Long Lake Rd Ste 202, Troy, MI 48098-6333 | MI | 2001-01 | $167,609 |
| 6 | Mcclendon Family Foundation Inc | 2 Chestnut St, South Haven, MI 49090-1258 | MI | 1998-08 | $66,797 |
| 7 | Mcclouds Lake Haven | 551 Pickeral Lake Dr, Newaygo, MI 49337-9655 | MI | 2001-08 | $168,172 |
| 8 | Mccrary Foster Care Homes Inc | 450 Frazier St, River Rouge, MI 48218-1023 | MI | 1991-08 | $259,863 |
| 9 | Mcct Inc | 214 E Mansion St, Marshall, MI 49068-1151 | MI | 2002-07 | $280,055 |
| 10 | Mccurdy Memorial Scholarship Foundation | 49 West Michigan Avenue, Battle Creek, MI 49017-3612 | MI | 1963-05 | $102,635 |
| 11 | Mcdonald Agape Foundation | 380 N Old Woodward Ave Ste 212, Birmingham, MI 48009-5314 | MI | 1989-11 | $3,389,056 |
| 12 | Mcdonalds Historic Automobile Foundation | 3126 Davenport Ave, Saginaw, MI 48602-3647 | MI | 1984-04 | $138,200 |
| 13 | Mcfarlan Charitable Corporation | 700 E Kearsley St, Flint, MI 48503-1998 | MI | 1941-11 | $8,426,048 |
| 14 | Mcintosh Manor Non Profit Housing Corporation | 777 Butternut Drive, Holland, MI 49424-1572 | MI | 1987-10 | $257,983 |
| 15 | Mcintosh Trust F B O St John The Evangelist Episcopal Church | PO BOX 3636, Grand Rapids, MI 49501-3636 | MI | 2007-09 | $32,975 |
| 16 | Mckeen Foundation 02033090722094 | PO BOX 75000, Detroit, MI 48275-7874 | MI | 2003-06 | $176,605 |
| 17 | Mckenize Memorial Hospital | 120 N Delaware St, Sandusky, MI 48471-1009 | MI | 1965-02 | $19,597,559 |
| 18 | Mckinley Cooperative Preschool Inc | 555 S Wayne Rd Ste B, Westland, MI 48186-4301 | MI | 1975-07 | $59,426 |
| 19 | Mclaren Regional Medical Center Auxiliary | 401 S Ballenger Hwy, Flint, MI 48532-3638 | MI | 1959-05 | $397,697 |
| 20 | Mclennan Family Foundation | 29516 Southfield Road, Southfield, MI 48076-2029 | MI | 2001-06 | $48,630 |
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