Two Seven Oh Inc in Birmingham, Michigan (MI)

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Two Seven Oh Inc
Employer Identification Number (EIN)205576623
Name of OrganizationTwo Seven Oh Inc
In Care of NameLynn Moran
AddressPO BOX 1725, Birmingham, MI 48012-1725
SubsectionCharitable Organization
Ruling Date11/2006
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$16,686,547
Amount of Income$2,889,275
Form 990 Revenue Amount$678,323
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2012: $2,889,275 (it was $2,549,098 in 2011)
This organization: 

 $2,889,275
Other organizations performing similar types of work: 

 $97,434

Assets in 2012: $16,686,547 (it was $17,105,706 in 2011)
Two Seven Oh Inc: 

 $16,686,547
Other organizations performing similar types of work: 

 $303,611

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$678,323$678,323$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$580,945
Dividends and interest from securities$95,599
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$1,779
Total expenses and disbursements$1,228,831$14,512$0$1,190,850
Compensation of officers, directors, trustees, etc.$12,000
Total operating and administrative expenses$37,981$14,512$0
Contributions, gifts, grants paid$1,190,850
Excess of revenue over expenses and disbursements$-550,508
Net investment income$663,811
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$17,105,706$15,935,895
Cash - non-interest-bearing$60,414
Investments-U.S. and state government obligations$4,388,300
Investments-corporate stock$4,280,879
Investments-corporate bonds$1,807,025
Investments-mortgage loans$0
Investments-other$0
Other$6,569,088
Total liabilities$399
Mortgages and other notes payable$0
Other$399
Total liabilities and net assets/fund balances$17,105,307
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$1,779
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$6,638
Total credits and payments$8,080
2011 estimated tax payments and 2010 overpayment credited to 2011$8,080
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
Overpayment$1,442
Amount to be credited to 2012 estimated tax$1,442
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?Yes
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 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$16,495,467
Net value of noncharitable-use assets$16,248,040
Minimum investment return$812,402
Distributable Amount (for 2011)
Distributable amount$805,764
Undistributed Income (for 2011)
Distributable amount for 2011$805,764
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
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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IdNameAddressStateEstablishedTotal Income
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2William M Davidson Stock Grat Dtd 1-2-09, Jonathan S Aaron Ttee2 Towne Sq Ste 905, Southfield, MI 48076-3726MI2010-09$45,282,128
3Ted And Jane Von Voigtlanderfoundation39209 W Six Mile Rd 201, Livonia, MI 48152MI2006-12$30,124,708
4The Samuel And Jean Frankel Fine Arts Foundation1671 Lochridge Rd, Bloomfield, MI 48302-0738MI2002-08$19,953,924
5Subir And Malini Chowdhuryfoundation1881 Heron Ridge Dr, Bloomfld Hls, MI 48302-0725MI2007-03$11,163,404
6W S And Lois Vandalson Foundation2347 W Dowling Rd, Delton, MI 49046-8663MI2001-10$8,721,627
7Willmas Charitable TrustPO BOX 75000, Detroit, MI 48275-0001MI2008-03$7,612,104
8Twink Frey Charitable Trust161 Ottawa Nw Ste 305-C, Grand Rapids, MI 49503-2710MI2007-12$7,273,029
9Speckhard-Knight Charitable Foundation771 Bogey Ct, Ann Arbor, MI 48103-8844MI1999-06$6,651,978
10Tabbaa Foundation16959 Kings Fairway Ln, Grand Blanc, MI 48439-3504MI2004-12$4,212,387
11Rottman Family Charitable Foundation11300 Hart St Ne, Greenville, MI 48838-9327MI2000-12$3,183,059
12The Shepherds Hand4943 Birchcrest Dr, Oscoda, MI 48750-9750MI1975-12$3,148,416
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14Timothy And Sheila Patton Family Charitable Trust, Sheila A Patton Ttee24 Frank Lloyd Wright Dr Ste A3300, Ann Arbor, MI 48105-9484MI2013-06$2,950,724
15Two Seven Oh IncPO BOX 1725, Birmingham, MI 48012-1725MI2006-11$2,889,275
16Blue Waters FoundationPO BOX 372, Eastport, MI 49627-0372MI2011-09$2,573,988
17The Samuel And Jean Frankel Jewish Heritage Foundation2301 W Big Beaver Rd Ste 900, Troy, MI 48084-3332MI2002-08$2,394,428
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Number of organizations performing similar types of work
Alaska25
Alabama192
Arkansas70
Arizona288
California2,416
Colorado378
Connecticut382
District of Columbia106
Delaware539
Florida1,396
Georgia456
Hawaii80
Iowa165
Idaho53
Illinois1,024
Indiana284
Kansas148
Kentucky156
Louisiana146
Massachusetts669
Maryland401
Maine82
Michigan596
Minnesota362
Missouri307
Mississippi62
Montana62
North Carolina519
North Dakota20
Nebraska159
New Hampshire72
New Jersey843
New Mexico87
Nevada190
New York2,482
Ohio691
Oklahoma217
Oregon198
Pennsylvania1,160
Rhode Island172
South Carolina161
South Dakota27
Tennessee240
Texas1,146
Utah259
Virginia453
Vermont52
Washington359
Wisconsin355
West Virginia66
Wyoming57
International34
Total20,864

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