Milton & Hattie Kutz Foundation in Wilmington, Delaware (DE)

Milton & Hattie Kutz Foundation
Employer Identification Number (EIN)	510187055
Name of Organization	Milton & Hattie Kutz Foundation
Address	101 Garden Of Eden Road, Wilmington, DE 19803-1511
Activities	Supplying money, goods or services to the poor, Gifts, grants, or loans to other organizations
Subsection	Educational Organization
Ruling Date	06/1976
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$1,000,000 to $4,999,999
Income	$25,000 to $99,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$2,459,684
Amount of Income	$92,862
Form 990 Revenue Amount	$72,003

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2014

Expenses for 2014

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2014)
Total revenue	$172,134	$172,103	$0
Contributions, gifts, grants, etc., received	$31
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$92,831
Gross rents	$0
Gross sales price for all assets	$0
Gross profit from sales of goods	$0
Other income	$0
Other	$79,272
Total expenses and disbursements	$184,569	$11,049	$0	$173,154
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$2,500
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$23,817	$11,049		$12,402
Contributions, gifts, grants paid	$160,752
Excess of revenue over expenses and disbursements	$-12,435
Net investment income		$161,054
Adjusted net income			$0

	2011		2012		2013		2014
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$2,651,695	$2,572,282	$2,552,748	$2,350,399	$2,472,119	$2,462,936	$2,459,684	$2,722,321
Cash - non-interest-bearing	$0		$0		$0		$0
Investments-U.S. and state government obligations	$0		$0		$0		$0
Investments-corporate stock	$0		$0		$0		$0
Investments-corporate bonds	$0		$0		$0		$0
Investments-mortgage loans	$0		$0		$0		$0
Investments-other	$2,651,695		$2,552,748		$2,472,119		$2,459,684
Other assets					$0		$0
Total liabilities	$0		$1		$1		$1
Mortgages and other notes payable	$0		$0		$0		$0
Other liabilities					$0		$0
Total liabilities and net assets/fund balances	$2,651,695		$2,552,748		$2,472,119		$2,459,684

	2011	2012	2013	2014
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$150,255	$0	$32,026	$79,272
Net capital loss	$0	$-17,764	$0	$0

	2011	2012	2013	2014
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No	No
Tax based on investment income	$2,065	$783	$927	$1,611
Total credits and payments	$4,800	$2,544	$1,761	$1,200
Current year estimated tax payments and previous year's overpayment credited to current year	$800	$2,544	$1,761	$1,200
Exempt foreign organizations-tax withheld at source	$0	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$4,000	$0	$0	$0
Backup withholding erroneously withheld	$0	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0	$0
Tax due			$0	$411
Overpayment			$834	$0
Amount to be credited to next year's estimated tax	$2,735	$1,761	$834	$0

	2011	2012	2013	2014
Statements Regarding Activities
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	No	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?			No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?			No	No
Has the foundation filed a tax return on Form 990-T for this year?			No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?			Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No	No
Did any persons become substantial contributors during the tax year?			No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?			No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?			Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041			No	No

	2011	2012	2013	2014
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	No	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	No	No	No
Agree to pay money or property to a government official?	No	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?			No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?			No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?			No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?			No	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	No	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	No	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	No	No	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	No	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?			No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?			No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?			No	No

	2011	2012	2013	2014
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$2,542,596	$2,453,098	$2,507,800	$2,707,058
Net value of noncharitable-use assets			$2,470,183	$2,666,452
Minimum investment return	$125,223	$120,815	$123,509	$133,323

	2011	2012	2013	2014
Distributable Amount
Distributable amount	$123,158	$120,032	$122,582	$131,712

	2011	2012	2013	2014
Undistributed Income
Distributable amount for this year	$123,158	$120,032	$122,582	$131,712
Undistributed income for this year. This amount must be distributed in the next year	$0	$0	$0	$0

	2014	2013	2012	2011	Total
Private Operating Foundations (for 2011 - 2014)
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

Supplementary Information (for 2014)
Grants approved for future payment	$10,000

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2014)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$0	$0
Dividends and interest from securities	$92,831	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review

Would you recommend Milton & Hattie Kutz Foundation to others? (optional)

Yes

Add photo of Milton & Hattie Kutz Foundation (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (18.217.55.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
How I Decide Foundation in Wilmington, DE
No Limit Athletics Inc in Wilmington, DE
Female Benevolent Society Of Wilmington In The State Of De in Wilmington, DE
Gateway House Inc in Wilmington, DE
Stehm Inc in Wilmington, DE
Jerry And Terri Kohl Familyfoundation in Wilmington, DE
Abide Foundation in Wilmington, DE
Claymore Senior Center Inc in Wilmington, DE
New Covenant Christian Church, Eglise Chretienne De La Nouvelle Al in Bear, DE
Mot Future Stars Inc in Townsend, DE

Recently Added Reviews

How I Decide Foundation in Wilmington, DE

No Limit Athletics Inc in Wilmington, DE

Female Benevolent Society Of Wilmington In The State Of De in Wilmington, DE

Gateway House Inc in Wilmington, DE

Stehm Inc in Wilmington, DE

Jerry And Terri Kohl Familyfoundation in Wilmington, DE

Abide Foundation in Wilmington, DE

Claymore Senior Center Inc in Wilmington, DE

New Covenant Christian Church, Eglise Chretienne De La Nouvelle Al in Bear, DE

Mot Future Stars Inc in Townsend, DE

Id	Name	Address	State	Established	Total Income
Other organizations in Delaware
1	Milford Housing Development Corperation	977 E Masten Cir, Milford, DE 19963-1085	DE	1979-04	$6,808,045
2	Milford Lions Club Service Foundation Inc	PO BOX 25, Milford, DE 19963-0025	DE	1995-10	$249,798
3	Milford Lodge No 2316 Loyal Order Of Moose, 2316	20142 Beaver Dam Rd, Milford, DE 19963-4211	DE	1935-08	$410,058
4	Mill Creek Fire Company	3808 Kirkwood Hwy, Wilmington, DE 19808-5108	DE	1989-07	$3,885,825
5	Mill Creek Foundation	3713 Millcreek Rd, Hockessin, DE 19707-9725	DE	1988-04	$2,695
6	Millsboro Cemetery Inc	28629 Oak Ave, Millsboro, DE 19966-4717	DE	1968-10	$19,578
7	Millsboro Fire Company Inc	East State Street, Millsboro, DE 19966	DE	2014-12	$1,710,749
8	Millsboro Housing For Progress Inc	PO BOX 177, Millsboro, DE 19966-0177	DE	1977-08	$890,028
9	Millsboro Hut Inc	P O Box 51, Millsboro, DE 19966	DE	1976-07	$0
10	Millsboro Womens Civic Club Inc	59 Country Pl, Millsboro, DE 19966-1751	DE	2009-07	$1,621
11	Milton & Hattie Kutz Foundation	101 Garden Of Eden Road, Wilmington, DE 19803-1511	DE	1976-06	$92,862
12	Milton And Hattie Kutz Home Inc	704 River Rd, Wilmington, DE 19809-2746	DE	1953-02	$10,792,824
13	Milton Community Foundationinc	PO BOX 12, Milton, DE 19968	DE	2007-01	$0
14	Milton Development Corporation	207 Sundance Lane, Milton, DE 19968	DE	2000-04	$49,654
15	Milton Elementary Schoolpto	512 Federal St, Milton, DE 19968-1106	DE	2004-07	$57,473
16	Milton Fire Department Inc	116 Front St, Milton, DE 19968-1428	DE	1971-03	$1,076,711
17	Milton Historical Society	PO BOX 112, Milton, DE 19968-0112	DE	1972-01	$130,401
18	Mimosa Ministry Inc	417 Fletcher Dr, Smyrna, DE 19977-2817	DE	1998-12	$10,587
19	Sriver Foundation	501 Silverside Rd Ste 123, Wilmington, DE 19809-1377	DE	2006-10	$473,868
20	Ministry Of Caring Inc	1803 W 6th St, Wilmington, DE 19805-3005	DE	1946-03	$16,348,899

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Milton & Hattie Kutz Foundation and has no official or unofficial affiliation with Milton & Hattie Kutz Foundation