James K And Pauline C Durgin Foundation in Clinton, Iowa (IA)
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 Iowa
| James K And Pauline C Durgin Foundation | |
| Employer Identification Number (EIN) | 421394666 |
| Name of Organization | James K And Pauline C Durgin Foundation |
| In Care of Name | Ronald Kircher |
| Address | 2320 N 2nd St, Clinton, IA 52732-2434 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| 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 | $2,094,266 |
| Amount of Income | $782,534 |
| Form 990 Revenue Amount | $209,449 |
Non-representatives - add comments:
Revenue for 2011
Expenses 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 | $209,449 | $208,815 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2,721 | |||
| Dividends and interest from securities | $20,364 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $8 | |||
| Other | $186,356 | |||
| Total expenses and disbursements | $2,141,137 | $17,337 | $0 | $2,123,800 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $17,337 | $17,337 | $0 | |
| Contributions, gifts, grants paid | $2,123,800 | |||
| Excess of revenue over expenses and disbursements | $-1,931,688 | |||
| Net investment income | $191,478 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $62,578 | $62,578 |
| Cash - non-interest-bearing | $62,578 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $62,578 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $186,356 |
| 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 | $1,915 |
| Total credits and payments | $3,200 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $3,200 |
| 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 | $11 |
| Overpayment | $1,274 |
| 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? | 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 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 | $1,187,181 |
| Net value of noncharitable-use assets | $1,169,380 |
| Minimum investment return | $58,469 |
| Distributable Amount (for 2011) | |
| Distributable amount | $56,554 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $56,554 |
| 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 Iowa | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Jacqueline Enewold Johnson Foundation Inc | 22 Norwood Ct, Council Blfs, IA 51503-8434 | IA | 1998-06 | $1 |
| 2 | Jamaica Senior Citizens Homes Incorporated | P O Box 71 - 201 Third Ave, Jamaica, IA 50128 | IA | 1972-03 | $37,079 |
| 3 | James & Marie Mccurdy Family Charitable Trust | PO BOX 222, Fremont, IA 52561-0222 | IA | 1992-06 | $939,579 |
| 4 | James & Melita A Mcdonough Foundation | PO BOX 296, Dubuque, IA 52004-0296 | IA | 2003-04 | $2,431,097 |
| 5 | James A Schmid Chrtbl Family Tr, Schmid James A & Mary S Ttees | 1800 Links Glen Dr, Dubuque, IA 52003-7734 | IA | 1997-11 | $107,574 |
| 6 | James And Jeanne Ohalloran Foundation | 3303 Beaver Ave, Des Moines, IA 50310-3209 | IA | 2000-08 | $572,617 |
| 7 | James And Marie Mccurdy Charitable Trust, C-O Judith Carriker | 1704 S Park Ave, Oskaloosa, IA 52577-2476 | IA | 1992-06 | $466,308 |
| 8 | James B Morris Scholarship Fund Inc | PO BOX 12145, Des Moines, IA 50312-9403 | IA | 1978-11 | $101,040 |
| 9 | James Belisle Missionary Evangelism Inc | Po Box 407, Washington, IA 52353 | IA | 2004-06 | $0 |
| 10 | James Jay & Donna K Ingram Charitable Foundation | PO BOX 1717, Davenport, IA 52809-1717 | IA | 1998-06 | $8,955 |
| 11 | James K And Pauline C Durgin Foundation | 2320 N 2nd St, Clinton, IA 52732-2434 | IA | 1994-07 | $782,534 |
| 12 | James W & Carolyn Bray Charitable Sch Tr | PO BOX 295, Danville, IA 52623-0295 | IA | 2002-10 | $10,158 |
| 13 | James W And Ella B Forster Charitable Trust | PO BOX 551, Rock Rapids, IA 51246-0551 | IA | 1988-08 | $629,023 |
| 14 | James W And Frances M Ackerman Charitable Foundation, C-O James W Ackerman | PO BOX 1297, Fort Dodge, IA 50501-1297 | IA | 1994-03 | $485,941 |
| 15 | Jamie Barwick Hills And Dales Foundation | 1011 Davis St, Dubuque, IA 52001-1306 | IA | 1997-01 | $311,997 |
| 16 | Jane Boyd Community House | 943 14th Ave Se, Cedar Rapids, IA 52401-2610 | IA | 1970-08 | $1,163,404 |
| 17 | Jane R King Charity Fund | PO BOX 453, Jewell, IA 50130-0453 | IA | 1946-02 | $9,071 |
| 18 | Janesville Community Center Inc | PO BOX 375, Janesville, IA 50647-0375 | IA | 1998-12 | $87,350 |
| 19 | Janesville Elderly Housing Inc | PO BOX 129, Nashua, IA 50658-0129 | IA | 1982-03 | $91,633 |
| 20 | Jani-Dhuna Foundation | 2500 Gnahn St, Burlington, IA 52601-4416 | IA | 2001-10 | $131,841 |
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