Mervin D Lung & Dorothy M Lung Family Charitable Foundation Trust in Elkhart, Indiana (IN)
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
| Mervin D Lung & Dorothy M Lung Family Charitable Foundation Trust | |
| Employer Identification Number (EIN) | 266003864 |
| Name of Organization | Mervin D Lung & Dorothy M Lung Family Charitable Foundation Trust |
| In Care of Name | Key Bank |
| Address | 101 S Main St Ste 1, Elkhart, IN 46516-3123 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 09/2011 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1 |
| Amount of Income | $110,409 |
| Form 990 Revenue Amount | $16,075 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2011: $110,409 (it was $51,158 in 2010)
| Mervin D Lung & Dorothy M Lung Family Charitable Foundation Trust: | $110,409 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2011: $1 (it was $279,989 in 2010)
| This organization: | $1 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2011: $297,783
| Mervin D Lung & Dorothy M Lung Family Charitable Foundation Trust: | $297,783 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2011: 0.4
| This organization: | 0.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 79.6% |
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 | $16,075 | $16,075 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $13 | |||
| Dividends and interest from securities | $4,162 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $11,900 | |||
| Total expenses and disbursements | $297,783 | $5,615 | $0 | $304,788 |
| Compensation of officers, directors, trustees, etc. | $5,567 | |||
| Total operating and administrative expenses | $5,992 | $5,615 | $0 | |
| Contributions, gifts, grants paid | $291,791 | |||
| Excess of revenue over expenses and disbursements | $-281,708 | |||
| Net investment income | $10,460 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $0 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $11,900 |
| 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 | $105 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $8 |
| Tax due | $0 |
| Overpayment | $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? | Yes |
| 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 | $281,172 |
| Net value of noncharitable-use assets | $205,780 |
| Minimum investment return | $10,289 |
| Distributable Amount (for 2011) | |
| Distributable amount | $10,184 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $10,184 |
| 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! |
|
|
| Recently Added Reviews |
Rotary International, Kendallville Rotary Club in Kendallville, IN
  |
|
Naptown Riders Motorcycle Club in Indianapolis, IN
|
| A Hoof And A Prayer Horse Rescue Inc in Haubstadt, IN |
| Nulltown Wingnuts Inc in Connersville, IN |
|
Lennoxs Legacy Rescue Inc in Decatur, IN
|
|
Columbus Regional Hospital in Columbus, IN
|
|
Order Of The Amaranth Inc, Grand Court Of Indiana in Evansville, IN
|
| Franklin Township Youth Basketball in Indianapolis, IN |
| Iglesia Nueva Vida in Jasper, IN |
|
New Life J R Jessee Recovery House in Indianapolis, IN
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Herbert Simon Family Foundation | 600 E 96th St Ste 510, Indianapolis, IN 46240-3842 | IN | 2014-06 | $38,290,957 |
| 2 | Dorsey Foundation Inc | 5868 E 71st St Ste E217, Indianapolis, IN 46220-5860 | IN | 2014-07 | $20,732,551 |
| 3 | The@hamer D And Phyllis C Shafer Foundation Charitable Trust, Shafer Hamer & Phyllis & Etal Ttee | PO BOX 548, Muncie, IN 47308-0548 | IN | 1997-05 | $9,049,321 |
| 4 | The Len-Ari Foundation Inc | 5642 Coventry Ln, Fort Wayne, IN 46804-7140 | IN | 2005-10 | $8,867,323 |
| 5 | Samerian Foundation Inc | 9650 Commerce Dr Ste 532, Carmel, IN 46032-7639 | IN | 2004-01 | $6,350,325 |
| 6 | Franciscan Alliance Foundation Inc | 3510 Park Place West Ste 200, Mishawaka, IN 46545-3515 | IN | 1995-09 | $6,157,930 |
| 7 | Rick L And Vicki L James Foundation Inc | 1401 S Grandstaff Dr, Auburn, IN 46706-2664 | IN | 2014-09 | $3,795,915 |
| 8 | Schwarz Family Foundation | 3600 Woodview Trace, Indianapolis, IN 46268-3167 | IN | 2014-06 | $3,557,653 |
| 9 | Mary L Furscott Charitable Foundation | 1 Indiana Sq Ste 3500, Indianapolis, IN 46204-2023 | IN | 2012-08 | $3,532,686 |
| 10 | Wyn And Carol Laidig Foundation Inc | 14450 Madison Rd, Mishawaka, IN 46544-9103 | IN | 2007-01 | $3,063,958 |
| 11 | Scheumann Foundation Inc | PO BOX 811, Lafayette, IN 47902-0811 | IN | 2002-12 | $2,305,958 |
| 12 | Baranay Family Foundation Inc | 5342 W Vermont St, Indianapolis, IN 46224-8841 | IN | 2010-04 | $1,749,788 |
| 13 | Forest Fund Inc | 36 S Pennsylvania St Ste 200, Indianapolis, IN 46204-3627 | IN | 2010-04 | $1,232,181 |
| 14 | Kloepfer Family Foundation Inc | 255 Lawnwood Dr, Greenwood, IN 46142-3814 | IN | 2011-06 | $1,080,677 |
| 15 | The Robert And Helen Haddad Foundation Inc | 3460 Commerce Dr, Columbus, IN 47201-2204 | IN | 2002-12 | $1,022,684 |
| 16 | Marten Charitable Foundation Corporation | 210 W 77th St, Indianapolis, IN 46260-3608 | IN | 2011-05 | $1,022,397 |
| 17 | Robet Foundation Inc | 4045 Edison Lakes Pkwy Ste 100, Mishawaka, IN 46545-3421 | IN | 2008-05 | $988,576 |
| 18 | Wej Foundation Inc, Jackson Wessley E | 6900 Gray Rd, Indianapolis, IN 46237-3209 | IN | 2001-02 | $903,019 |
| 19 | Fred T & Maxine Humes Mem Scholarship 03003795 | 106 N Market St, N Manchester, IN 46962-1517 | IN | 2014-10 | $717,221 |
| 20 | Stamm Family Foundation | 2320 Reeveston Rd, Richmond, IN 47374-5834 | IN | 2001-11 | $684,612 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Mervin D Lung & Dorothy M Lung Family Charitable Foundation Trust »
Non-representatives - add comments about Mervin D Lung & Dorothy M Lung Family Charitable Foundation Trust»