Big Red Foundation in Holland, Michigan (MI)
Table of contents:
| Big Red Foundation | |
| Employer Identification Number (EIN) | 208145143 |
| Name of Organization | Big Red Foundation |
| In Care of Name | RonBorgman |
| Address | 833 E 16th Street, Holland, MI 49423 |
| Website | http://BigRedClassic.com |
| Subsection | Charitable Organization |
| Ruling Date | 04/2013 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2007 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $11,953 |
| Amount of Income | $48,625 |
| Form 990 Revenue Amount | $-50,941 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2007: $48,625 (it was $-50,941 in 2013)
| This organization: | $48,625 |
| Other organizations performing similar types of work: | $60,000 |
Assets in 2007: $11,953 (it was $11,953 in 2013)
| Big Red Foundation: | $11,953 |
| Other organizations performing similar types of work: | $38,951 |
Expenses in 2013: $-49,783
| This organization: | $-49,783 |
| Other organizations performing similar types of work: | $33,868 |
Income to expenses ratio in 2013: -1.0
| Big Red Foundation: | -1.0 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: -96.6%
| This organization: | -96.6% |
| Other organizations performing similar types of work: | 37.8% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $21,182 | $-50,941 |
| Contributions, gifts, grants, and similar amounts received | $69,370 | $49,204 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $-48,188 | $-49,783 |
| Gross amount from sale of assets other than inventory | $0 | $0 |
| Less: cost or other basis and sales expenses | $48,188 | $49,783 |
| Net income/loss from gaming and fundraising events | $0 | $-49,783 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $0 | $0 |
| Less: direct expenses from gaming and fundraising events | $0 | $49,783 |
| Gross profit/loss from sales of inventory | $0 | $-579 |
| Gross sales of inventory, less returns and allowances | $0 | $-579 |
| Less: cost of goods sold | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $8,650 | $-49,783 |
| Total net assets | $12,532 | $11,953 |
| Excess/Deficit for the year | $12,532 | $-1,158 |
| Net assets or fund balances at beginning of year | $0 | $13,111 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $17,909 | $11,374 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $12,532 | $11,953 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $12,532 | $11,953 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
| Were any significant changes made to the organizing or governing documents? | No | Yes |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No |
| Total amount involved | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 3 |
| Sum of amounts of support | $8,500 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $118,514 |
| Subtotal | $118,514 |
| Gifts, grants, contributions, and membership fees received | $118,514 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $118,514 |
| Public support | $118,514 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Whirlpool Collective Impact Fund | 2000 N M 63, Benton Harbor, MI 49022-2632 | MI | 2015-03 | $2,377,915 |
| 2 | Wayne County-Detroit Cde Inc | 500 Griswold 30th Floor, Detroit, MI 48226-3480 | MI | 2006-09 | $954,828 |
| 3 | Rotary Club Of Cooperville | 719 West Randall, Coopersville, MI 49404-1385 | MI | 2006-10 | $92,920 |
| 4 | C E R V Inc | 8441 Noblet Rd, Davison, MI 48423-8713 | MI | 2010-05 | $68,179 |
| 5 | Mojo In The Morning Breaking And Entering | 27675 Halsted Rd, Farmingtn Hls, MI 48331-3511 | MI | 2014-05 | $50,121 |
| 6 | Big Red Foundation | 833 E 16th Street, Holland, MI 49423 | MI | 2013-04 | $48,625 |
| 7 | Rotary Club Of Rockford Michigan Foundation | 7540 9 Mile Rd Ne, Rockford, MI 49341-8465 | MI | 2011-03 | $13,880 |
| 8 | Friends Of Alanson | 7885 Hem St, Alanson, MI 49706-8602 | MI | 2014-09 | $9,840 |
| 9 | Leslie Firefighters Association | PO BOX 496, Leslie, MI 49251-0496 | MI | 2011-07 | $5,253 |
| 10 | Sterken Family Foundation | 6177 Windmill Ct, Saline, MI 48176-9101 | MI | 2007-04 | $2,095 |
| 11 | Benton Township Emergency Services | 4713 Hartel Road, Potterville, MI 48876 | MI | 2014-09 | $0 |
| 12 | Capital Area Michigan Works Foundation | 2110 S Cedar, Lansing, MI 48910 | MI | 2001-01 | $0 |
| 13 | Friends Of Northville Township Historic District Commission | PO BOX 356, Northville, MI 48167-0356 | MI | 2014-08 | $0 |
| 14 | Jackson Seed Fund | Po Box 4367, Jackson, MI 49201 | MI | 2010-03 | $0 |
| 15 | Jeff Wallace Memorial Trust | 1353 Elden Drive, Alpena, MI 49707 | MI | 2015-04 | $0 |
| 16 | June Teenth Michigan Chapter Inc | P O Box 272, Wayne, MI 48184 | MI | 2014-11 | $0 |
| 17 | Lourdes J Aragones Charitable Mission Fund Inc | 3490 Aquinas Dr, Rochester Hls, MI 48309-1215 | MI | 2014-09 | $0 |
| 18 | Port Huron South Park Lions Club Incorporated | 703 Colorado St, Marysville, MI 48040-1223 | MI | 2014-08 | $0 |
| 19 | Rotary International, Rotary Club Of Auburn Hills Michigan | Po Box 214075, Auburn Hills, MI 48321 | MI | 2014-07 | $0 |
| 20 | Wyoming Kentwood Area Chamber Foundation | 921 47th Street Sw, Wyoming, MI 49509 | MI | 2005-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 471 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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