William J Benfield Testamentary Tr in Buffalo, 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
| William J Benfield Testamentary Tr | |
| Employer Identification Number (EIN) | 510155655 |
| Name of Organization | William J Benfield Testamentary Tr |
| In Care of Name | Ronald Mills |
| Address | 1406 Griffing Park Rd, Buffalo, MN 55313-1957 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1975 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $43,174 |
| Amount of Income | $6,052 |
| Form 990 Revenue Amount | $189 |
Non-representatives - add comments:
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 | $189 | $1,177 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,177 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $8,717 | $970 | $0 | $5,341 |
| Compensation of officers, directors, trustees, etc. | $2,400 | |||
| Total operating and administrative expenses | $4,717 | $970 | $1,341 | |
| Contributions, gifts, grants paid | $4,000 | |||
| Excess of revenue over expenses and disbursements | $-8,528 | |||
| Net investment income | $207 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $34,646 | $31,437 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $24,090 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $7,937 | |
| Other | $2,619 | |
| Total liabilities | $1,420 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,420 | |
| Total liabilities and net assets/fund balances | $33,226 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-988 |
| 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 | $2 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $2 |
| 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? | Yes |
| 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 | $34,780 |
| Net value of noncharitable-use assets | $34,260 |
| Minimum investment return | $1,713 |
| Distributable Amount (for 2011) | |
| Distributable amount | $1,711 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $1,711 |
| 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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| Other organizations in Minnesota | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wilkin County Developmental Activity Center Inc | PO BOX 95, Breckenridge, MN 56520-0095 | MN | 1974-10 | $283,648 |
| 2 | Will Steger Foundation | 2801 21st Ave S Ste 110, Minneapolis, MN 55407-1227 | MN | 2006-03 | $620,703 |
| 3 | William & Betty Andres Foundation | 1195 Foxtail Dr, Medina, MN 55340-9805 | MN | 1996-09 | $302,726 |
| 4 | William & Edith Fuerstenau Catholic Youth Fund Tr 70420000 | 625 Marquette Ave 14th Fl, Minneapolis, MN 55402-2308 | MN | 2003-01 | $99,549 |
| 5 | William Boss Foundation | 5858 Centerville Rd, Saint Paul, MN 55127-6804 | MN | 1957-09 | $486,180 |
| 6 | William C Schmoker Family Foundation | 9190 Breckenridge Ln, Eden Prairie, MN 55347-3442 | MN | 1994-07 | $82,092 |
| 7 | William D & Joyce E Sexton Family Foundation | PO BOX 296, Clara City, MN 56222-0296 | MN | 2005-01 | $649,632 |
| 8 | William D Radichel Foundation | 7301 Ohms Ln Ste 300, Edina, MN 55439-2350 | MN | 2001-05 | $275,150 |
| 9 | William Douglas Sutton Foundation | 8400 Normandale Lake Blvd Suite 920, Bloomington, MN 55437-3843 | MN | 2006-12 | $131,151 |
| 10 | William I & Bianca M Fine Charitable Trust | 1916 Ids Cente 80 S Eighth St, Minneapolis, MN 55402 | MN | 1987-01 | $40,000 |
| 11 | William J Benfield Testamentary Tr | 1406 Griffing Park Rd, Buffalo, MN 55313-1957 | MN | 1975-08 | $6,052 |
| 12 | William N And Ruth M Westhoff Family Foundation | 11060 1st Ave N, Plymouth, MN 55441-4688 | MN | 2001-04 | $357,777 |
| 13 | William Putney Trust Uw Fbo University Of Nebraska Foundation | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1979-07 | $70,234 |
| 14 | William R Kennedy Family Foundation | 2259 Summit Ave, St Paul, MN 55105-1002 | MN | 1999-09 | $4,071 |
| 15 | William Scott Stuart Jr Family Foundation | PO BOX 24227, Minneapolis, MN 55424-0227 | MN | 1994-07 | $77,013 |
| 16 | William W & Nadine M Mcguire Family Foundation | 315 Woodhill Rd, Wayzata, MN 55391-9111 | MN | 1998-01 | $267 |
| 17 | William Wood Skinner Foundation | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1966-01 | $122,451 |
| 18 | Williams Family Foundation, C-O Evan Williams | 433 Lake St, Excelsior, MN 55331-1901 | MN | 1993-05 | $13,486 |
| 19 | Williamsburg Retirement Community Inc | 2845 N Hamline Ave, Roseville, MN 55113-7127 | MN | 2002-05 | $8,138,325 |
| 20 | Williamson Charitable Foundation | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1966-04 | $35,554 |
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