Michael-Walters Industries Foundation Inc in Louisville, Kentucky (KY)
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 Kentucky
| Michael-Walters Industries Foundation Inc | |
| Employer Identification Number (EIN) | 311135407 |
| Name of Organization | Michael-Walters Industries Foundation Inc |
| Address | 350 Mockingbird Valley Rd, Louisville, KY 40207-1363 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1985 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $128,729 |
| Amount of Income | $108 |
| Form 990 Revenue Amount | $692 |
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 | $692 | $692 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2 | |||
| Dividends and interest from securities | $690 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $6,801 | $6 | $25 | $6,770 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $31 | $6 | $0 | |
| Contributions, gifts, grants paid | $6,770 | |||
| Excess of revenue over expenses and disbursements | $-6,109 | |||
| Net investment income | $686 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $122,620 | $99,729 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $122,620 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $122,620 | |
| 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 | $7 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $7 |
| 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 | $111,109 |
| Net value of noncharitable-use assets | $109,440 |
| Minimum investment return | $5,472 |
| Distributable Amount (for 2011) | |
| Distributable amount | $5,472 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $5,472 |
| 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 Kentucky | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Methodist Wesley Woods Foundation | 204 S Main St, Winchester, KY 40391-2456 | KY | 1976-04 | $419,129 |
| 2 | Metro Disability Coalition Inc | 2621 Allston Ave, Louisville, KY 40210-2001 | KY | 1993-12 | $1,235 |
| 3 | Metro Employees Credit Union | 1306 Versailles Rd Ste 140, Lexington, KY 40504-1795 | KY | 1944-10 | $1,328,249 |
| 4 | Metro Louisville Rotary Clubs Charities Inc | 325 W Main St Ste 1600, Louisville, KY 40202-4265 | KY | 1993-12 | $24,264 |
| 5 | Metropolitan Community Development Corporation Of Louisville Inc | 815 S 26th St, Louisville, KY 40211-1212 | KY | 1975-05 | $67,203 |
| 6 | Metropolitan Housing Coalition Information Service Fund | 2821 Klempner Way, Louisville, KY 40205-4203 | KY | 1991-10 | $259,448 |
| 7 | Mgm Charitable Scholarship Tr, Manchikanti Laxmaiah Ttee | 2116 Broadway St, Paducah, KY 42001-7110 | KY | 2001-10 | $259,843 |
| 8 | Michael Francis Zalla Memorial | 3343 Stonewood Dr, Edgewood, KY 41018-2664 | KY | 1987-12 | $426,748 |
| 9 | Michael Quinlan Brain Tumor Foundation Inc | 4012 Dupont Cir Ste 411, Louisville, KY 40207-4818 | KY | 2001-12 | $106,169 |
| 10 | Michael T Bardin Char Trust | PO BOX 32760, Louisville, KY 40232-2760 | KY | 2007-11 | $179,989 |
| 11 | Michael-Walters Industries Foundation Inc | 350 Mockingbird Valley Rd, Louisville, KY 40207-1363 | KY | 1985-07 | $108 |
| 12 | Michala Riggle Beat Autism Foundation | PO BOX 991264, Louisville, KY 40269-1264 | KY | 2009-08 | $56,689 |
| 13 | Mid Kentucky Kennel Club Inc | 2535 Salem Church Rd, Hodgenville, KY 42748-9538 | KY | 1982-07 | $105,711 |
| 14 | Mid-South Eventing And Dressage Association Inc | 606 Brown Ave, Shelbyville, KY 40065-1508 | KY | 2015-04 | $387,487 |
| 15 | Middle Creek National Battlefield Foundation Inc | PO BOX 326, Prestonsburg, KY 41653-0326 | KY | 1991-11 | $111,773 |
| 16 | Middle Creek Volunteer Fire District | 5717 Ky Route 114, Prestonsburg, KY 41653-1187 | KY | 2003-08 | $1,852,674 |
| 17 | Middle Kentucky Community Action Partnership Inc | 171 Howell Hights, Jackson, KY 41339 | KY | 1966-06 | $6,628,911 |
| 18 | Middlesboro Independent Schools Tr Foundation | PO BOX 959, Middlesboro, KY 40965-0959 | KY | 2004-04 | $20,917 |
| 19 | Middlesboro Touchdown Club | PO BOX 6, Middlesboro, KY 40965-0006 | KY | 1998-09 | $1,970,734 |
| 20 | Middletown Cemetery Association Inc | PO BOX 43048, Middletown, KY 40253-0048 | KY | 1999-12 | $22,451 |
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