Arthur S Shufro & Norma J Shufro Family Foundation in Southfield, Michigan (MI)
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 Michigan
| Arthur S Shufro & Norma J Shufro Family Foundation | |
| Employer Identification Number (EIN) | 382705934 |
| Name of Organization | Arthur S Shufro & Norma J Shufro Family Foundation |
| In Care of Name | Arthur S Shufro |
| Address | 28585 River Crest Dr, Southfield, MI 48034-2065 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1988 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $46,248 |
| Amount of Income | $427 |
| Form 990 Revenue Amount | $1,103 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets 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 | $1,103 | $1,103 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $643 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $460 | |||
| Total expenses and disbursements | $5,594 | $0 | $0 | $4,650 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $944 | $0 | $0 | |
| Contributions, gifts, grants paid | $4,650 | |||
| Excess of revenue over expenses and disbursements | $-4,491 | |||
| Net investment income | $1,103 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $41,757 | $42,545 |
| Cash - non-interest-bearing | $1,262 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $28,058 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $12,437 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $41,757 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $460 |
| 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 | $11 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $11 |
| 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 | $50,025 |
| Net value of noncharitable-use assets | $49,280 |
| Minimum investment return | $2,464 |
| Distributable Amount (for 2011) | |
| Distributable amount | $2,453 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $2,453 |
| 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 Michigan | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Arthur & Doris Boschan Family Fund | 30100 Telegraph Rd Ste 446, Bingham Farms, MI 48025-5809 | MI | 1965-04 | $251,493 |
| 2 | Arthur & Mary Platsis Foundation | 2019 Shagbark Ln, Okemos, MI 48864-3631 | MI | 1999-05 | $38 |
| 3 | Arthur And Honoria Roshak Foundation | 80 Lakeshore Dr, Grosse Pointe Farms, MI 48236-3762 | MI | 2001-03 | $19,941 |
| 4 | Arthur E Macquilkin Boys Club Of Cicero Foundation | PO BOX 3636, Grand Rapids, MI 49501-3636 | MI | 1995-08 | $2,259,484 |
| 5 | Arthur J & Kathryn D Mervenne Foundation | 11500 Riley St, Holland, MI 49424-9656 | MI | 1995-02 | $26,198 |
| 6 | Arthur J And Josephine W Lowell Charitable Foundation 8305559 | PO BOX 3636, Grand Rapids, MI 49501-3636 | MI | 1989-10 | $840,879 |
| 7 | Arthur J Bott Sr Foundation Inc | 7507 Red Osier Dr Sw, Byron Center, MI 49315-9473 | MI | 1992-08 | $5,947 |
| 8 | Arthur Leon Horniker Tr Uw, Merbaum Neal Et Al Ttee | PO BOX 75000, Detroit, MI 48275-7874 | MI | 2000-12 | $91,157 |
| 9 | Arthur Lesow Community Center | 120 Eastchester St, Monroe, MI 48161-1922 | MI | 1969-04 | $266,921 |
| 10 | Arthur P And Eleanor R Distler Charitable Trust | PO BOX 75000, Detroit, MI 48275-7874 | MI | 2000-07 | $3,118,514 |
| 11 | Arthur S Shufro & Norma J Shufro Family Foundation | 28585 River Crest Dr, Southfield, MI 48034-2065 | MI | 1988-03 | $427 |
| 12 | Artist Guild Of The Ausable | 2017 W Kittle Rd, Mio, MI 48647-9720 | MI | 2007-06 | $160 |
| 13 | Artrain Inc, Michigan Artrain | 1100 N Main Street, Ann Arbor, MI 48104-1059 | MI | 1972-07 | $385,512 |
| 14 | Arts & Scraps | 16135 Harper Ave, Detroit, MI 48224-2667 | MI | 1989-01 | $338,207 |
| 15 | Arts Alliance | 1100 N Main St Ste 106b, Ann Arbor, MI 48104-1066 | MI | 2008-09 | $135,218 |
| 16 | Arts And Cultural Alliance Of Jackson County | PO BOX 1463, Jackson, MI 49204 | MI | 2004-06 | $0 |
| 17 | Arts And Cultural Exchange Institute | 1882 Ashley Dr, Ypsilanti, MI 48198-9412 | MI | 2009-07 | $43,915 |
| 18 | Arts Beats & Eats Foundation | 301 W Fourth St No Ll-150, Royal Oak, MI 48067-2563 | MI | 2002-01 | $658,942 |
| 19 | Arts Center For Newaygo County, Dogwood Center Performing Arts | 4734 S Campus Ct, Fremont, MI 49412-8253 | MI | 1995-03 | $544,780 |
| 20 | Arts Council Of Greater Grand Rapids Inc | PO BOX 2265, Grand Rapids, MI 49501-2265 | MI | 1969-06 | $371,615 |
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