Mccrory Corporation Needy & Worthy Employees Trust Nect in Milwaukee, Wisconsin (WI)
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 Wisconsin
| Mccrory Corporation Needy & Worthy Employees Trust Nect | |
| Employer Identification Number (EIN) | 136022694 |
| Name of Organization | Mccrory Corporation Needy & Worthy Employees Trust Nect |
| In Care of Name | Jp Morgan Chase Bank |
| Address | PO BOX 3038, Milwaukee, WI 53201-3038 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Ruling Date | 12/1970 |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2011 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $1,032,821 |
| Amount of Income | $573,856 |
| Form 990 Revenue Amount | $72,552 |
Non-representatives - add comments:
Revenue for 2011
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 | $72,552 | $72,646 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $29 | |||
| Dividends and interest from securities | $27,487 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $45,036 | |||
| Total expenses and disbursements | $74,954 | $16,797 | $0 | $56,779 |
| Compensation of officers, directors, trustees, etc. | $21,882 | |||
| Total operating and administrative expenses | $25,676 | $16,797 | $7,501 | |
| Contributions, gifts, grants paid | $49,278 | |||
| Excess of revenue over expenses and disbursements | $-2,402 | |||
| Net investment income | $55,849 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,032,821 | $1,049,202 |
| Cash - non-interest-bearing | $9,315 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $525,415 | |
| Investments-corporate bonds | $428,368 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $69,723 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,032,821 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $45,036 |
| 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 | $558 |
| Total credits and payments | $720 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $720 |
| 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 | $162 |
| Amount to be credited to 2012 estimated tax | $162 |
| 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? | 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 | $1,116,290 |
| Net value of noncharitable-use assets | $1,099,540 |
| Minimum investment return | $54,977 |
| Distributable Amount (for 2011) | |
| Distributable amount | $54,419 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $54,419 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $46,918 |
| 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 Wisconsin | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mayflower Nursery Of Green Bay Wisconsin Inc | 716 S Madison St, Green Bay, WI 54301-3609 | WI | 1973-10 | $80,368 |
| 2 | Mayville Area Chamber Of Commerce Inc | 48 N Main St, Mayville, WI 53050-1636 | WI | 1996-01 | $89,554 |
| 3 | Mayville Historical Society Inc | PO BOX 82, Mayville, WI 53050 | WI | 1968-12 | $0 |
| 4 | Mayville Limestone School Museum Inc | Po Box 102, Mayville, WI 53050-0102 | WI | 1983-12 | $359,824 |
| 5 | Mayville Youth Football Inc | 798 Green Bay Dr, Mayville, WI 53050-1752 | WI | 2002-11 | $28,905 |
| 6 | Mb Educational Programs Inc | 12305 65th Ave, Chippewa Fls, WI 54729-1781 | WI | 1994-01 | $54,730 |
| 7 | Mc Donell High School Foundation Inc | 1316 Bel Air Blvd, Chippewa Fls, WI 54729-1908 | WI | 1977-12 | $735,415 |
| 8 | Mc Preparatory School Of Wisconsin Inc | 1228 W Lloyd Street Suite 100, Milwaukee, WI 53205-1243 | WI | 1997-08 | $17,466,804 |
| 9 | Mcclelland Charitable Tr 06032002, Mcclelland Geoffrey Et Al Ttee | PO BOX 3038, Milwaukee, WI 53201-3038 | WI | 2003-04 | $7,981 |
| 10 | Mccomb Bruchs Performing Arts Foundation | PO BOX 807, Wautoma, WI 54982-0807 | WI | 1990-10 | $59 |
| 11 | Mccrory Corporation Needy & Worthy Employees Trust Nect | PO BOX 3038, Milwaukee, WI 53201-3038 | WI | 1970-12 | $573,856 |
| 12 | Mcdevco Inc | PO BOX 6190, Wausau, WI 54402-6190 | WI | 1978-10 | $1,469,126 |
| 13 | Mcdonough Foundation Inc | C/O Chris Noyes 780 N Water St, Milwaukee, WI 53202 | WI | 1989-04 | $105,004 |
| 14 | Mcfarland Education Foundation Inc | 5101 Farwell St, Mc Farland, WI 53558-9216 | WI | 1988-06 | $127,694 |
| 15 | Mcfarland Hockey Boosters Inc | 4235 Pella Lane, Mcfarland, WI 53558 | WI | 1991-12 | $34,247 |
| 16 | Mcfarland Hockey Inc | 1616 Waunona Way, Madison, WI 53713-1710 | WI | 2014-12 | $325,256 |
| 17 | Mcfarland Spartan Sharks Inc | PO BOX 227, Mc Farland, WI 53558-0227 | WI | 1982-12 | $212,825 |
| 18 | Mcfarland Youth Center Inc | PO BOX 362, Mc Farland, WI 53558-0362 | WI | 2006-06 | $51,862 |
| 19 | Mcfarland Youth Hockey Association Inc | PO BOX 264, Mc Farland, WI 53558-0264 | WI | 1981-06 | $126,760 |
| 20 | Mcfarlane-Cure Charitable Tr, Hollenbeck Fred D Ttee | PO BOX 140, Mauston, WI 53948-0140 | WI | 2002-12 | $61,330 |
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