Bw Fund Inc in Port Huron, 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
- Organizations performing similar types of work
Bw Fund Inc | |
Employer Identification Number (EIN) | 383401243 |
Name of Organization | Bw Fund Inc |
In Care of Name | David Devendorf |
Address | 901 Huron, Port Huron, MI 48060-3700 |
Activities | Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 04/1998 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2011 |
Assets | $10,000,000 to $49,999,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 - 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 |
Non-representatives - add comments:
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% |
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 | $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 Value | Fair 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) | |||||
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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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | William Davidson Foundation | 2 Towne Sq Ste 905, Southfield, MI 48076-3726 | MI | 2006-10 | $196,471,270 |
2 | William M Davidson Magnifying Glass Grat 01-21-09, Jonathan S Aaron Ttee | 2 Towne Sq Ste 905, Southfield, MI 48076-3726 | MI | 2011-01 | $79,405,678 |
3 | Richard And Helen Devos Foundation | 126 Ottawa Ave Nw Ste 500, Grand Rapids, MI 49503-2882 | MI | 2012-08 | $26,088,118 |
4 | The Charboneau Family Foundation | 43535 Carla Dr, Paw Paw, MI 49079-9759 | MI | 2007-11 | $17,862,347 |
5 | Joshua-Jim And Eunice Stone Foundation | 27235 Ovid Ct, Franklin, MI 48025-1036 | MI | 2011-01 | $10,375,084 |
6 | The Micah 6 8 Foundation | PO BOX 451, Zeeland, MI 49464-0451 | MI | 2007-06 | $8,090,348 |
7 | Zatkoff Family Foundation | 23230 Industrial Park Drive, Farmington Hills, MI 48335-2850 | MI | 2001-02 | $7,805,652 |
8 | Lynn & Paul Alandt Foundation | 1901 Saint Antoine St Fl 6, Detroit, MI 48226-2310 | MI | 2010-10 | $6,556,804 |
9 | Marvin And Betty Danto Family Foundation | 1700 Stutz Dr Ste 25, Troy, MI 48084-4502 | MI | 2006-02 | $5,741,935 |
10 | Sutar Sutaruk Meyer Foundation | 30600 Nwestern Hwy Ste 245, Farmingtn Hls, MI 48334-3171 | MI | 2008-07 | $4,419,058 |
11 | Stanley And Judith Frankel Family Foundation | 2301 W Big Beaver Rd Ste 900, Troy, MI 48084-3332 | MI | 2000-05 | $3,509,912 |
12 | Herm And Shirley Geers Foundation | 320 Cologne, Lansing, MI 48917-3070 | MI | 2014-07 | $3,439,616 |
13 | Chilant And Mansfield Sprague Herbert Frenzell Foundation, Citigroup Trust Delaware Na Ttee | PO BOX 75000, Detroit, MI 48275-7874 | MI | 2009-08 | $2,355,565 |
14 | Trott Foundation | 31440 Northwestern Hwy Ste 300, Farmingtn Hls, MI 48334-5422 | MI | 2003-10 | $2,334,406 |
15 | Young Family Foundation | PO BOX 5430, Plymouth, MI 48170-5430 | MI | 2002-10 | $2,040,899 |
16 | Skiles Foundation | 101 North Main Street, Ann Arbor, MI 48104-5507 | MI | 1999-12 | $1,916,044 |
17 | Thompson Educational Foundation | 40500 Ann Arbor Rd E Ste 200, Plymouth, MI 48170-4483 | MI | 2002-10 | $1,855,151 |
18 | Jim And Diana Huckle Family Fdn, James E Huckle & Diana L Huckle Tte | 6291 Peninsula Dr, Traverse City, MI 49686-1915 | MI | 2011-07 | $1,637,790 |
19 | Worthington Family Foundation | PO BOX 4311, Traverse City, MI 49685-4311 | MI | 2009-07 | $1,629,568 |
20 | Khan Family Foundation | 861 Monroe St, Dearborn, MI 48124-2308 | MI | 2010-03 | $1,599,239 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 20,448 |
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