Richard And Diane Cohen Family Foundation in Minneapolis, Minnesota (MN)
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 Minnesota
| Richard And Diane Cohen Family Foundation | |
| Employer Identification Number (EIN) | 411793403 |
| Name of Organization | Richard And Diane Cohen Family Foundation |
| In Care of Name | Neil Sell |
| Address | 600 Highway 169 S Ste 820, Minneapolis, MN 55426-1204 |
| Subsection | Charitable Organization |
| Ruling Date | 12/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $520,842 |
| Amount of Income | $142,809 |
| Form 990 Revenue Amount | $37,102 |
| National Taxonomy of Exempt Entities (NTEE) | Unknown: Unknown |
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 | $54,065 | $54,065 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $8,034 | |||
| Dividends and interest from securities | $12,371 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $33,660 | |||
| Total expenses and disbursements | $78,676 | $6,692 | $0 | $71,984 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,692 | $6,692 | $0 | |
| Contributions, gifts, grants paid | $71,984 | |||
| Excess of revenue over expenses and disbursements | $-24,611 | |||
| Net investment income | $47,373 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $520,842 | $650,156 |
| Cash - non-interest-bearing | $29,712 | |
| Investments-U.S. and state government obligations | $110,446 | |
| Investments-corporate stock | $353,943 | |
| Investments-corporate bonds | $26,101 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $640 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $520,842 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $33,660 |
| 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 | $947 |
| Total credits and payments | $2,140 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $640 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $1,500 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,193 |
| Amount to be credited to 2013 estimated tax | $1,193 |
| 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 | $694,133 |
| Net value of noncharitable-use assets | $683,720 |
| Minimum investment return | $34,186 |
| Distributable Amount (for 2012) | |
| Distributable amount | $33,239 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $33,239 |
| 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 Minnesota | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Prairies Edge Humane Society | 680 Professional Dr, Northfield, MN 55057-2755 | MN | 1988-10 | $252,962 |
| 2 | Rice County Mutual Insurance Company | 23 3rd St Nw, Faribault, MN 55021-5117 | MN | 1987-08 | $1,148,340 |
| 3 | Rice County Steam And Gas Engine Incorporated | PO BOX 76, Dundas, MN 55019-0076 | MN | 2000-02 | $110,674 |
| 4 | Rice Lake Network | 13755 89th Ave N, Maple Grove, MN 55369-9573 | MN | 2004-09 | $109,204 |
| 5 | Rice Lake Parent Teacher Organization | 575 Birch Street, Lino Lakes, MN 55014 | MN | 2009-09 | $0 |
| 6 | Rice Memorial Hospital Auxiliary | 301 Becker Ave Sw, Willmar, MN 56201-3302 | MN | 1984-05 | $76,070 |
| 7 | Rice Sportsmens Club Inc Rice Area Sportsmens Club | PO BOX 21, Rice, MN 56367-0021 | MN | 1973-11 | $894,662 |
| 8 | Richard A Newman Foundation | 21 Century Avenue South, Maplewood, MN 55119-5200 | MN | 1967-10 | $1,619,503 |
| 9 | Richard Allen Community Services Inc | 401 E 41st St, Minneapolis, MN 55409-1631 | MN | 1999-08 | $63,200 |
| 10 | Richard And Beverly Fink Family Foundation | 90 S 7th St, Minneapolis, MN 55402-3903 | MN | 1998-03 | $331,992 |
| 11 | Richard And Diane Cohen Family Foundation | 600 Highway 169 S Ste 820, Minneapolis, MN 55426-1204 | MN | 1994-12 | $142,809 |
| 12 | Richard And Jaci Lindstrom Foundation | 2811 Westwood Rd S, Wayzata, MN 55391-9787 | MN | 1999-04 | $1,254,268 |
| 13 | Richard And Rossy Shaller Family Foundation | 1916 Livingston Ave, W Saint Paul, MN 55118-3920 | MN | 2001-12 | $229,559 |
| 14 | Richard Bury Foundation Inc | 7271 Kurvers Point Rd, Chanhassen, MN 55317-7520 | MN | 2006-12 | $9,462 |
| 15 | Richard C And Britt L Gage Family Foundation | 550 Tonkawa Rd, Long Lake, MN 55356-9724 | MN | 2007-08 | $61,597 |
| 16 | Richard Coyle Lilly Foundation | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1945-10 | $8,536,418 |
| 17 | Richard F Mcnamara Family Foundation | 86 Woodland Cir, Edina, MN 55424-1449 | MN | 1994-02 | $351,752 |
| 18 | Richard J And Mary Lou Mathiowetz Foundation | 30817 County Road 24, Sleepy Eye, MN 56085-4361 | MN | 1995-04 | $137,694 |
| 19 | Richard M Schulze Family Foundation | 3033 Excelsior Blvd Ste 525, Minneapolis, MN 55416-3375 | MN | 2005-10 | $81,118,804 |
| 20 | Richfield 4th Of July Committee Inc James Fleming | 6627 1st Ave S, Richfield, MN 55423-2451 | MN | 1993-12 | $86,872 |
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