Bw Fund Inc in Port Huron, Michigan (MI)

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Bw Fund Inc
Employer Identification Number (EIN)383401243
Name of OrganizationBw Fund Inc
In Care of NameDavid Devendorf
Address901 Huron, Port Huron, MI 48060-3700
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date04/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$10,221,331
Amount of Income$393,852
Form 990 Revenue Amount$206,173
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2011: $393,852 (it was $1,000,917 in 2010)
Bw Fund Inc: 

 $393,852
Other organizations performing similar types of work: 

 $103,138

Assets in 2011: $10,221,331 (it was $10,124,164 in 2010)
Bw Fund Inc: 

 $10,221,331
Other organizations performing similar types of work: 

 $338,623

Expenses in 2011: $37,006
Bw Fund Inc: 

 $37,006
Other organizations performing similar types of work: 

 $46,867

Income to expenses ratio in 2011: 10.6
This organization: 

 10.6
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2011: 95.0%
Bw Fund Inc: 

 95.0%
Other organizations performing similar types of work: 

 79.6%

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$206,173$10,343$9,971
Contributions, gifts, grants, etc., received$195,786
Interest on savings and temporary cash investments$1,680
Dividends and interest from securities$7,938
Gross rents$0
Gross profit from sales of goods$0
Other income$44
Other$725
Total expenses and disbursements$37,006$993$0$36,013
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$1,506$993$513
Contributions, gifts, grants paid$35,500
Excess of revenue over expenses and disbursements$169,167
Net investment income$9,350
Adjusted net income$9,971
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$10,221,331$1,096,395
Cash - non-interest-bearing$123,011
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$10,012,712
Other$85,608
Total liabilities$228,000
Mortgages and other notes payable$0
Other$228,000
Total liabilities and net assets/fund balances$9,993,331
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$725
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$187
Total credits and payments$2,384
2011 estimated tax payments and 2010 overpayment credited to 2011$2,384
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$2,197
Amount to be credited to 2012 estimated tax$2,197
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$1,095,450
Net value of noncharitable-use assets$1,079,020
Minimum investment return$53,951
Distributable Amount (for 2011)
Distributable amount$53,764
Undistributed Income (for 2011)
Distributable amount for 2011$53,764
Undistributed income for 2011. This amount must be distributed in 2012$38,163
Private Operating Foundations (for 2011)
2011201020092008Total
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1William Davidson Foundation2 Towne Sq Ste 905, Southfield, MI 48076-3726MI2006-10$196,471,270
2William M Davidson Magnifying Glass Grat 01-21-09, Jonathan S Aaron Ttee2 Towne Sq Ste 905, Southfield, MI 48076-3726MI2011-01$79,405,678
3Richard And Helen Devos Foundation126 Ottawa Ave Nw Ste 500, Grand Rapids, MI 49503-2882MI2012-08$26,088,118
4The Charboneau Family Foundation43535 Carla Dr, Paw Paw, MI 49079-9759MI2007-11$17,862,347
5Joshua-Jim And Eunice Stone Foundation27235 Ovid Ct, Franklin, MI 48025-1036MI2011-01$10,375,084
6The Micah 6 8 FoundationPO BOX 451, Zeeland, MI 49464-0451MI2007-06$8,090,348
7Zatkoff Family Foundation23230 Industrial Park Drive, Farmington Hills, MI 48335-2850MI2001-02$7,805,652
8Lynn & Paul Alandt Foundation1901 Saint Antoine St Fl 6, Detroit, MI 48226-2310MI2010-10$6,556,804
9Marvin And Betty Danto Family Foundation1700 Stutz Dr Ste 25, Troy, MI 48084-4502MI2006-02$5,741,935
10Sutar Sutaruk Meyer Foundation30600 Nwestern Hwy Ste 245, Farmingtn Hls, MI 48334-3171MI2008-07$4,419,058
11Stanley And Judith Frankel Family Foundation2301 W Big Beaver Rd Ste 900, Troy, MI 48084-3332MI2000-05$3,509,912
12Herm And Shirley Geers Foundation320 Cologne, Lansing, MI 48917-3070MI2014-07$3,439,616
13Chilant And Mansfield Sprague Herbert Frenzell Foundation, Citigroup Trust Delaware Na TteePO BOX 75000, Detroit, MI 48275-7874MI2009-08$2,355,565
14Trott Foundation31440 Northwestern Hwy Ste 300, Farmingtn Hls, MI 48334-5422MI2003-10$2,334,406
15Young Family FoundationPO BOX 5430, Plymouth, MI 48170-5430MI2002-10$2,040,899
16Skiles Foundation101 North Main Street, Ann Arbor, MI 48104-5507MI1999-12$1,916,044
17Thompson Educational Foundation40500 Ann Arbor Rd E Ste 200, Plymouth, MI 48170-4483MI2002-10$1,855,151
18Jim And Diana Huckle Family Fdn, James E Huckle & Diana L Huckle Tte6291 Peninsula Dr, Traverse City, MI 49686-1915MI2011-07$1,637,790
19Worthington Family FoundationPO BOX 4311, Traverse City, MI 49685-4311MI2009-07$1,629,568
20Khan Family Foundation861 Monroe St, Dearborn, MI 48124-2308MI2010-03$1,599,239
Number of organizations performing similar types of work
Alaska9
Alabama199
Arkansas82
Arizona267
California2,351
Colorado400
Connecticut391
District of Columbia107
Delaware405
Florida1,490
Georgia455
Hawaii86
Iowa147
Idaho73
Illinois1,069
Indiana261
Kansas152
Kentucky147
Louisiana127
Massachusetts713
Maryland422
Maine67
Michigan549
Minnesota327
Missouri308
Mississippi56
Montana59
North Carolina649
North Dakota15
Nebraska126
New Hampshire66
New Jersey849
New Mexico78
Nevada194
New York2,454
Ohio628
Oklahoma223
Oregon179
Pennsylvania935
Rhode Island181
South Carolina141
South Dakota32
Tennessee192
Texas1,225
Utah217
Virginia452
Vermont36
Washington375
Wisconsin334
West Virginia49
Wyoming61
International38
Total20,448

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