Petersen Family Foundation Inc in Harlan, 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
| Petersen Family Foundation Inc | |
| Employer Identification Number (EIN) | 421450306 |
| Name of Organization | Petersen Family Foundation Inc |
| Address | 1401 Country Club Dr, Harlan, IA 51537-2367 |
| Activities | School, college, trade school, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 02/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,231,247 |
| Amount of Income | $275,461 |
| Form 990 Revenue Amount | $59,022 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Education (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $88,308 | $88,308 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $3 | |||
| Dividends and interest from securities | $66,089 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $22,216 | |||
| Total expenses and disbursements | $73,112 | $1,061 | $0 | $70,981 |
| Compensation of officers, directors, trustees, etc. | $800 | |||
| Total operating and administrative expenses | $3,112 | $1,061 | $981 | |
| Contributions, gifts, grants paid | $70,000 | |||
| Excess of revenue over expenses and disbursements | $15,196 | |||
| Net investment income | $87,247 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,231,247 | $1,178,377 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $562,005 | |
| Investments-corporate bonds | $361,394 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $305,686 | |
| Other | $2,162 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,231,247 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $22,216 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $1,745 |
| Total credits and payments | $1,240 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,240 |
| 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 |
| Tax due | $505 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| 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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $1,206,162 |
| Net value of noncharitable-use assets | $1,188,080 |
| Minimum investment return | $59,404 |
| Distributable Amount (for 2012) | |
| Distributable amount | $57,659 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $57,659 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | 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 | Perry Economic Development Inc | 1307 2nd St, Perry, IA 50220-1511 | IA | 1984-12 | $172,470 |
| 2 | Perry Foundation | 12 White Oak Pl, Iowa City, IA 52245-1591 | IA | 2002-06 | $198,446 |
| 3 | Perry Hill Properties Association | 1000 Brady St, Davenport, IA 52803-5214 | IA | 2001-04 | $570,839 |
| 4 | Perry Housing Inc | 1307 2nd St, Perry, IA 50220-1511 | IA | 1975-03 | $201,778 |
| 5 | Perry Public Library Foundation Inc | PO BOX 278, Perry, IA 50220-0278 | IA | 1986-06 | $112,171 |
| 6 | Perry V Haines Foundation | 613 Pierce St, Sioux City, IA 51101-1205 | IA | 1994-07 | $82,509 |
| 7 | Persinger Family Foundation | 4400 S Lewis Blvd, Sioux City, IA 51106-9518 | IA | 1998-01 | $234,004 |
| 8 | Pet Of Hawarden Inc | 803 13th Street, Hawarden, IA 51023 | IA | 2008-11 | $78,011 |
| 9 | Peter G Ballingall Estate | 2536 Kenwood St, Ottumwa, IA 52501-1252 | IA | 1947-06 | $7,572 |
| 10 | Peter H And E Lucille Gaass Kuyper Foundation | 617 Franklin Pl Ste 200, Pella, IA 50219-1679 | IA | 1970-12 | $808,071 |
| 11 | Petersen Family Foundation Inc | 1401 Country Club Dr, Harlan, IA 51537-2367 | IA | 1996-02 | $275,461 |
| 12 | Petersmeyer Educational Fund | PO BOX 292, Odebolt, IA 51458-0292 | IA | 1963-11 | $6 |
| 13 | Petroleum Marketers Of Iowa | 10430 New York Ave Ste F, Urbandale, IA 50322-3773 | IA | 1945-05 | $1,488,207 |
| 14 | Petroleum Marketers Of Iowa Trust | 10430 New York Ave Ste F, Urbandale, IA 50322-3773 | IA | 1988-02 | $10,249,000 |
| 15 | Pharmacists Mutual Foundation Inc | Po Box 370, Algona, IA 50511 | IA | 1987-07 | $51,811 |
| 16 | Pheasant Acres Apartments Inc | PO BOX 1438, Sioux City, IA 51102-1438 | IA | 1978-11 | $836,317 |
| 17 | Phelps Cemetery Inc | PO BOX 216, Decorah, IA 52101-0216 | IA | 1941-01 | $306,948 |
| 18 | Phelps Foundation | 1032 Prairie Meadow Ct, Waterloo, IA 50701-4836 | IA | 1966-11 | $641 |
| 19 | Phi Delta Theta Fraternity, Iowa Gamma Chapter | PO BOX 763, Ames, IA 50010-0763 | IA | 1967-04 | $287,630 |
| 20 | Phi Gamma Delta Fraternity, Alpha Iota Chapter | 325 Ash Ave, Ames, IA 50014-7165 | IA | 1966-12 | $164,750 |
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