Chamber Foundation Inc in Owosso, Michigan (MI)
Table of contents:
| Chamber Foundation Inc | |
| Employer Identification Number (EIN) | 383583209 |
| Name of Organization | Chamber Foundation Inc |
| In Care of Name | Tom Campbell |
| Address | 215 N Water St, Owosso, MI 48867-2807 |
| Subsection | Educational Organization |
| Ruling Date | 04/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $16,578 |
| Amount of Income | $16,358 |
| Form 990 Revenue Amount | $16,358 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $16,358 (it was $17,404 in 2012)
| Chamber Foundation Inc: | $16,358 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2013: $16,578 (it was $19,947 in 2012)
| This organization: | $16,578 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2013: $19,616
| Chamber Foundation Inc: | $19,616 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2013: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2013: 21.9%
| This organization: | 21.9% |
| Other organizations performing similar types of work: | 98.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $15,581 | $17,404 | $16,358 |
| Contributions, gifts, grants, and similar amounts received | $2,892 | $3,783 | $3,588 |
| Program service revenue including government fees and contracts | $12,600 | $13,510 | $12,770 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $89 | $111 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $20,729 | $15,064 | $19,616 |
| Total net assets | $27,609 | $19,947 | $16,578 |
| Excess/Deficit for the year | $-5,148 | $2,340 | $-3,258 |
| Net assets or fund balances at beginning of year | $32,757 | $17,607 | $19,947 |
| Other changes in net assets or fund balances | $0 | $0 | $-111 |
| Net assets or fund balances at end of year | $19,947 | $16,578 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $27,609 | $19,947 | $16,578 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $27,609 | $19,947 | $16,578 |
| Other Information | |||
| 2011 | 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 | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $76,457 |
| Subtotal | $76,457 |
| Gifts, grants, contributions, and membership fees received | $13,873 |
| 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 | $62,584 |
| 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 | $80,373 |
| Public support | $76,457 |
| Subtotal | $1,096 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,096 |
| 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 | $910 |
| Other income | $1,910 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The J Ferrantino Charitable Foundation | 126 S Main St, Ann Arbor, MI 48104-1903 | MI | 2009-09 | $4,904,491 |
| 2 | Penske Foundation Inc | 2555 S Telegraph Rd, Bloomfld Hls, MI 48302-0912 | MI | 2012-03 | $2,542,129 |
| 3 | Vera And Imre Hecht Foundation Inc | PO BOX 75000, Detroit, MI 48275-7874 | MI | 1999-07 | $1,777,037 |
| 4 | Wolverine World Wide Foundation | 9341 Courtland Dr Ne, Rockford, MI 49351-0001 | MI | 2005-10 | $1,576,837 |
| 5 | The Geetha Govindaraj Foundation | 1315 Chissom Trl, Flint, MI 48532-2309 | MI | 2001-05 | $1,082,913 |
| 6 | Tyler-Little Family Foundation | 1734 Embury Rd, Kalamazoo, MI 49008-2246 | MI | 2004-11 | $524,275 |
| 7 | Joseph And Karen Krantz Family Charitable Tr, Kathy J Cozad Ttee | PO BOX 1698, Bay City, MI 48706-0698 | MI | 2011-07 | $279,275 |
| 8 | Speyer Foundation | PO BOX 75000, Detroit, MI 48275-0001 | MI | 2001-01 | $278,081 |
| 9 | Steven And Kathryn Bandstra Foundation | 800 E Ellis Road 504, Norton Shores, MI 49441-5646 | MI | 2001-03 | $263,226 |
| 10 | Michigan First Foundation Inc | 27000 Evergreen Rd, Lathrup Vlg, MI 48076-3231 | MI | 2010-11 | $220,558 |
| 11 | Arif Foundation | 2597 S Shore Dr, Flushing, MI 48433-3515 | MI | 2010-10 | $206,500 |
| 12 | The Tim Allen Foundation | 30600 Northwestern Hwy, Farmington Hills, MI 48334-3161 | MI | 1999-02 | $108,251 |
| 13 | Cms Energy Foundation | One Energy Plaza Tax Dept Ep 10 228, Jackson, MI 49201-2357 | MI | 2002-05 | $100,000 |
| 14 | Tri-Star Charitable Foundation | 1004 N Michigan Avenue, Saginaw, MI 48602-4325 | MI | 2010-04 | $82,158 |
| 15 | The Morton M Finkelstein Family Charitable Foundation, Finkelstein Morton M Ttee | 18053 N Fruitport Rd, Spring Lake, MI 49456-1573 | MI | 2001-02 | $69,435 |
| 16 | Skendzel Family Foundation, Skendzel Laurence P Ttee | 10338 S Western Hills Dr, Traverse City, MI 49684-5298 | MI | 1999-02 | $60,886 |
| 17 | Torgow Family Foundation | PO BOX 310737, Detroit, MI 48231-0737 | MI | 2001-02 | $60,000 |
| 18 | Con-Way Charitable Foundation | 2211 Old Earhart Rd Ste 100, Ann Arbor, MI 48105-2963 | MI | 2014-06 | $57,090 |
| 19 | Ruahmah J Hutchings Fund Irrv Charitable Tr | 411 N Highlander Way, Howell, MI 48843-1021 | MI | 2001-11 | $45,026 |
| 20 | Gazelle Sports Foundation | 214 S Kalamazoo Mall, Kalamazoo, MI 49007-4838 | MI | 2014-11 | $41,001 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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