Wallin 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
| Wallin Foundation | |
| Employer Identification Number (EIN) | 416283068 |
| Name of Organization | Wallin Foundation |
| In Care of Name | Brad W Wallin |
| Address | 5200 Willson Road, Minneapolis, MN 55424-1332 |
| Activities | Gifts, grants, or loans to other organizations, Endowment fund or financial services |
| Subsection | Charitable Organization |
| Ruling Date | 01/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| 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 | $13,204,943 |
| Amount of Income | $2,959,947 |
| Form 990 Revenue Amount | $3,195,617 |
Non-representatives - add comments:
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 | $-415,218 | $233,951 | $0 | |
| Contributions, gifts, grants, etc., received | $197,494 | |||
| Interest on savings and temporary cash investments | $11,570 | |||
| Dividends and interest from securities | $212,299 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $10,082 | |||
| Total expenses and disbursements | $1,564,976 | $91,547 | $0 | $1,473,429 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $122,084 | $91,547 | $30,537 | |
| Contributions, gifts, grants paid | $1,442,892 | |||
| Excess of revenue over expenses and disbursements | $-1,980,194 | |||
| Net investment income | $142,404 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $13,182,692 | $13,908,174 |
| Cash - non-interest-bearing | $105,247 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $8,992,577 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $3,459,868 | |
| Other | $625,000 | |
| Total liabilities | $13,182,692 | |
| Mortgages and other notes payable | $0 | |
| Other | $13,182,692 | |
| Total liabilities and net assets/fund balances | $0 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-846,663 |
| 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 | $2,848 |
| Total credits and payments | $58,124 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $58,124 |
| 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 | $55,276 |
| Amount to be credited to 2013 estimated tax | $55,276 |
| 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 | $13,200,174 |
| Net value of noncharitable-use assets | $13,002,180 |
| Minimum investment return | $650,109 |
| Distributable Amount (for 2012) | |
| Distributable amount | $647,261 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $647,261 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | W Duncan Macmillan 2008 Foundation | PO BOX 5628, Minneapolis, MN 55440-5628 | MN | 2010-04 | $2,226,446 |
| 2 | Wabasha Fire Department Relief Association | 113 Hiawatha Dr E, Wabasha, MN 55981 | MN | 1973-04 | $96,482 |
| 3 | Wabasha Industries Inc | 111 Main St W, Wabasha, MN 55981-1236 | MN | 1962-02 | $3,268 |
| 4 | Waconia Band Boosters Inc | 1400 Community Dr, Waconia, MN 55387-1158 | MN | 2003-07 | $382,264 |
| 5 | Waconia Fire Department Relief Association | 26 S Maple St, Waconia, MN 55387-1754 | MN | 1976-06 | $624,558 |
| 6 | Wadena County Agricultural Society | PO BOX 652, Wadena, MN 56482-0652 | MN | 1944-05 | $87,053 |
| 7 | Wadena County Historical Society | 603 Jefferson St N, Wadena, MN 56482-2336 | MN | 1990-08 | $40,561 |
| 8 | Wakota Life-Care Center Inc | 1140 Robert St S, West St Paul, MN 55118-2301 | MN | 1977-02 | $268,792 |
| 9 | Walker Methodist | 3737 Bryant Ave S, Minneapolis, MN 55409-1019 | MN | 1999-03 | $13,191,791 |
| 10 | Wallestad Foundation | 730 2nd Ave S, Minneapolis, MN 55402-3400 | MN | 1987-03 | $1,670,452 |
| 11 | Wallin Foundation | 5200 Willson Road, Minneapolis, MN 55424-1332 | MN | 1987-01 | $2,959,947 |
| 12 | Walnut Grove Area Loggers | PO BOX 44, Walnut Grove, MN 56180-0044 | MN | 2009-03 | $192,856 |
| 13 | Warpos Charity Benefits Inc, Wcbi | 504 Plymouth Rd, Hopkins, MN 55305 | MN | 1998-09 | $26,605 |
| 14 | Warrior Way Inc | 11610 Andrew St, Brainerd, MN 56401 | MN | 2008-12 | $61,643 |
| 15 | Washburn High School Foundation | 201 W 49th St, Minneapolis, MN 55419-5530 | MN | 1987-12 | $440,094 |
| 16 | Wasie Foundation | 230 Manitoba Ave S Ste 110, Wayzata, MN 55391-1805 | MN | 1967-04 | $15,414,639 |
| 17 | Waters Of Life Outreach Ministry | 3800 Russell Ave N, Minneapolis, MN 55412-1920 | MN | 2004-01 | $92,364 |
| 18 | Watonwan County Historical Society | PO BOX 126, Madelia, MN 56062-0126 | MN | 1966-06 | $49,853 |
| 19 | Watonwan County Humane Society | PO BOX 346, St James, MN 56081-0346 | MN | 1997-05 | $67,977 |
| 20 | Waynewood School Of Hope | 6931 Sherwood Rd, Woodbury, MN 55125-2485 | MN | 2008-03 | $32,702 |
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