People In Need Corporation in Sheridan, 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
| People In Need Corporation | |
| Employer Identification Number (EIN) | 300320586 |
| Name of Organization | People In Need Corporation |
| In Care of Name | Wayne Edwards |
| Address | 206 W 3rd St, Sheridan, IN 46069-1050 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2008 |
| Deductibility | Contributions are not deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $1 |
| Amount of Income | $3,601 |
| Form 990 Revenue Amount | $3,601 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Operating Foundations |
Non-representatives - add comments:
Amount of income in 2011: $3,601 (it was $250 in 2010)
| People In Need Corporation: | $3,601 |
| Other organizations performing similar types of work: | $45,945 |
Assets in 2011: $1 (it was $1 in 2010)
| People In Need Corporation: | $1 |
| Other organizations performing similar types of work: | $120,180 |
Expenses in 2011: $3,601
| People In Need Corporation: | $3,601 |
| Other organizations performing similar types of work: | $39,714 |
Income to expenses ratio in 2011: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 2.2% |
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 | $3,601 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $3,601 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $3,601 | $0 | $0 | $3,600 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1 | $0 | $0 | |
| Contributions, gifts, grants paid | $3,600 | |||
| Excess of revenue over expenses and disbursements | $0 | |||
| Net investment income | $0 | |||
| 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 | $0 |
| 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? | Yes |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $3,600 | $250 | $10,860 | $14,014 | $28,724 |
| Value of all assets | $1 | $0 | $17 | $-990 | $-973 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $17 | $-990 | $-973 |
| 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 | $11,850 | $12,950 | $24,800 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Carolands Foundation | 565 Remillard Dr, Hillsborough, CA 94010-6739 | CA | 2013-07 | $131,910,484 |
| 2 | Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl | 200 Concord Plaza Suite 410, San Antonio, TX 78216-6943 | TX | 2008-04 | $97,626,236 |
| 3 | Willem De Kooning Foundation | 790 Madison Avenue, New York, NY 10065-6124 | NY | 2001-05 | $73,681,377 |
| 4 | Terra Foundation For American Art | 120 E Erie St, Chicago, IL 60611-3154 | IL | 2003-05 | $72,511,035 |
| 5 | Lesea Global Feed The Hungry Inc | 61300 Ironwood Rd, South Bend, IN 46614-9019 | IN | 2004-11 | $12,852,873 |
| 6 | Robert Lee Blaffer Foundation Inc | PO BOX 399, New Harmony, IN 47631-0399 | IN | 2002-04 | $1,823,788 |
| 7 | Perrin Family Park Foundation Inc | 414 Perrin Ln, Jeffersonvlle, IN 47130-5059 | IN | 1991-09 | $1,697,298 |
| 8 | Charley Creek Foundation Inc | PO BOX 454, Wabash, IN 46992-0454 | IN | 2002-09 | $651,443 |
| 9 | Lending A Hand Ltd | 12207 Illinois Rd, Fort Wayne, IN 46814-9103 | IN | 2012-07 | $230,976 |
| 10 | Freedom 22 Operating Foundation | 6376 Dawson Lake Dr, Indianapolis, IN 46220-7110 | IN | 2002-01 | $216,367 |
| 11 | Browning Family Genealogy And Local History Foundation Inc | 738 E Diamond Ave, Evansville, IN 47711-3418 | IN | 2007-01 | $162,869 |
| 12 | Lloyd And Gene Sellers Scholarship Fund | 2 N Broadway, Peru, IN 46970-2240 | IN | 2007-09 | $133,241 |
| 13 | Alma Sana Inc | 3029 E 161st St, Westfield, IN 46074-9142 | IN | 2012-10 | $100,000 |
| 14 | Kyle Michael Keltner Foundation Inc | 1650 W 106th St, Carmel, IN 46032-9604 | IN | 2004-10 | $74,207 |
| 15 | The Internal Medicine Foundation Of St Lukes Medical Center Inc | 3425 W Sutton Dr, Mishawaka, IN 46545-3597 | IN | 1999-01 | $11,807 |
| 16 | Foundation For The Greater Good Ltd | 2337 Hanover Rd, Brownsburg, IN 46112-7536 | IN | 2013-02 | $10,250 |
| 17 | Havens Foundation Inc | 10401 Blake Rd, Wadesville, IN 47638-9681 | IN | 2006-04 | $5,125 |
| 18 | People In Need Corporation | 206 W 3rd St, Sheridan, IN 46069-1050 | IN | 2008-12 | $3,601 |
| 19 | Eckco For Christ Inc | 56599 Twin Branch Dr, Mishawaka, IN 46545-7476 | IN | 2015-03 | $0 |
| 20 | South Indy Club Inc | 8621 Meadowvista Dr, Indianapolis, IN 46217-5042 | IN | 2014-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,344 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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