Paddy Lynch Memorial Tr, Clary Kenneth Ttee in Liberty Ctr, 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
- Organizations performing similar types of work
| Paddy Lynch Memorial Tr, Clary Kenneth Ttee | |
| Employer Identification Number (EIN) | 391874409 |
| Name of Organization | Paddy Lynch Memorial Tr |
| Secondary Name | Clary Kenneth Ttee |
| In Care of Name | Kenneth Clary |
| Address | PO BOX 76, Liberty Ctr, IA 50145-0076 |
| Activities | Scholarships (other) |
| Subsection | Educational Organization |
| Ruling Date | 07/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $11,855 |
| Amount of Income | $670 |
| Form 990 Revenue Amount | $51 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2010: $670 (it was $51 in 2011)
| Paddy Lynch Memorial Tr, Clary Kenneth Ttee: | $670 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2010: $11,855 (it was $11,706 in 2011)
| This organization: | $11,855 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2011: $275
| This organization: | $275 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2011: 2.4
| Paddy Lynch Memorial Tr, Clary Kenneth Ttee: | 2.4 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2011: 0.0%
| Paddy Lynch Memorial Tr, Clary Kenneth Ttee: | 0.0% |
| Other organizations performing similar types of work: | 0.1% |
Revenue 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 | $51 | $37 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $14 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $37 | |||
| Total expenses and disbursements | $275 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $275 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-224 | |||
| Net investment income | $37 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $11,706 | $11,260 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $11,706 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $11,706 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $37 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| 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 |
| Write your review! |
|
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | The Cressant Foundation | 801 Grand Ave Ste 3700, Des Moines, IA 50309-8004 | IA | 1995-08 | $386,813 |
| 3 | William H Guest & Edith M Guest Educational Trust | 209 W Willow St, Cherokee, IA 51012-1856 | IA | 1998-03 | $100,083 |
| 4 | South Hamilton Community School District Foundation | 315 Division St, Jewell, IA 50130 | IA | 1996-07 | $76,510 |
| 5 | Vdtas Bernie Epstein Scholarship Fund | 2724 2nd Ave, Des Moines, IA 50313-4933 | IA | 1996-07 | $24,198 |
| 6 | Wall Lake View Auburn Community School Foundation | 801 Jackson St, Lake View, IA 51450-7784 | IA | 1997-11 | $4,149 |
| 7 | Vonice D Schelling Education Fund | 2912 W 3rd St, Cedar Falls, IA 50613-1837 | IA | 1997-02 | $1,437 |
| 8 | American Institute Of Commerce | 1801 E Kimberly Rd, Davenport, IA 52807-2095 | IA | 1992-06 | $0 |
| 9 | Andy Haverman Scholarship Fund | 201 Olympic Ave, Willey, IA 51401-8683 | IA | 1997-08 | $0 |
| 10 | B K Memorial Fund | PO BOX 233, Hawarden, IA 51023 | IA | 1995-03 | $0 |
| 11 | Connect Foundation | 1235 11th Street Apt 109, West Des Moines, IA 50265 | IA | 1994-11 | $0 |
| 12 | Earlham Foundation Fund Inc, Earlham Foundation Fund | 17237 358th Place, Earlham, IA 50072 | IA | 1995-04 | $0 |
| 13 | East Central Community Educational Foundation | PO BOX 367, Miles, IA 52064-0367 | IA | 1997-06 | $0 |
| 14 | Iowa Engineering Foundation Inc | 100 Court Ave Ste 203, Des Moines, IA 50309 | IA | 1998-10 | $0 |
| 15 | Lamoni Community School Alumni Scholarship Fund Inc | 202 North Walnut, Lamoni, IA 50140 | IA | 1992-07 | $0 |
| 16 | Linn County Medical Society Scholarship Fund | 813 First Avenue Se, Cedar Rapids, IA 52402 | IA | 1992-09 | $0 |
| 17 | Marcus-Meriden-Cleghorn Community School Educational Foundation | 105 S Elm St, Marcus, IA 51035 | IA | 1994-02 | $0 |
| 18 | Milford Kiwanis Youth Foundation | 2239 193rd Avenue, Milford, IA 51351 | IA | 1996-05 | $0 |
| 19 | Rotary Foundation Council Bluffs Iowa | 20 Pearl Street, Council Bluffs, IA 51503 | IA | 1993-03 | $0 |
| 20 | Southwest Iowa Educational Foundation Inc | PO BOX 2029, Council Bluffs, IA 51502 | IA | 1985-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Paddy Lynch Memorial Tr, Clary Kenneth Ttee »
Non-representatives - add comments about Paddy Lynch Memorial Tr, Clary Kenneth Ttee»