Daoud Foundation in Clinton Twp, 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
| Daoud Foundation | |
| Employer Identification Number (EIN) | 382709932 |
| Name of Organization | Daoud Foundation |
| Address | 16010 19 Mile Rd Ste 102, Clinton Twp, MI 48038-1141 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,641 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $9 |
Non-representatives - add comments:
Expenses for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1 | |||
| Total expenses and disbursements | $5,670 | $0 | $0 | $5,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $670 | $0 | $0 | |
| Contributions, gifts, grants paid | $5,000 | |||
| Excess of revenue over expenses and disbursements | $-5,670 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,641 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $4,641 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $4,641 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| 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? | Yes |
| 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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $7,476 |
| Net value of noncharitable-use assets | $7,360 |
| Minimum investment return | $368 |
| Distributable Amount (for 2012) | |
| Distributable amount | $368 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $368 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | 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 | Danialle Karmanos Work It Out Inc, Danialle Karmanos Work It Out Danialle Karmanos | One Campus Martius, Detroit, MI 48226 | MI | 2008-02 | $872,933 |
| 2 | Daniel & Pamella Devos Foundation | 126 Ottawa Ave Nw Ste 500, Grand Rapids, MI 49503-2882 | MI | 1992-05 | $8,020,755 |
| 3 | Daniel And Sharon Bowen Foundation | 2280 Mission Hills Dr Se, Grand Rapids, MI 49546-5585 | MI | 2007-02 | $1,607,611 |
| 4 | Daniel J And Ardith A Koster Foundation | 7035 Ivanrest Ave Sw, Byron Center, MI 49315-9415 | MI | 1992-12 | $192,421 |
| 5 | Daniel J Mcgillen Foundation For Down Syndrome Inc | 6046 Brynthrop Dr, Shelby Twp, MI 48316-4301 | MI | 2002-03 | $49,756 |
| 6 | Daniel R Burnham Memorial Foundation | 12900 Hall Rd Ste 500, Sterling Hts, MI 48313-1153 | MI | 2002-01 | $20,243 |
| 7 | Danish Festival Inc | PO BOX 211, Greenville, MI 48838-0211 | MI | 1974-12 | $143,048 |
| 8 | Danish Foundation | C/O 26300 Telegraph Rd, Southfield, MI 48033 | MI | 2007-06 | $302 |
| 9 | Danish Old Peoples Home | 217 Clare Blvd, Roscommon, MI 48653-8262 | MI | 1983-04 | $27,130 |
| 10 | Danny And Claudine Veri Family Foundation | 18261 Shelley Pond Ct, Northville, MI 48168-3538 | MI | 2001-10 | $20,000 |
| 11 | Daoud Foundation | 16010 19 Mile Rd Ste 102, Clinton Twp, MI 48038-1141 | MI | 1987-02 | $1 |
| 12 | Dar Al Huda | PO BOX 250021, Franklin, MI 48025-0021 | MI | 2002-03 | $208,410 |
| 13 | Dart Energy Foundation Inc | 600 Dart Rd, Mason, MI 48854-9327 | MI | 2008-01 | $1,602 |
| 14 | Dart Foundation | 500 Hogsback Rd, Mason, MI 48854-9547 | MI | 1989-11 | $4,500,086 |
| 15 | Daughter Of Isabella | 1320 Malcolm Drive, Waterford, MI 48327 | MI | 1947-08 | $0 |
| 16 | Daughters Of Isabella, Michigan State Circle | 997 Hollywood Ave, Grosse Pointe, MI 48236-1369 | MI | 1972-12 | $34,192 |
| 17 | Strategic Global Mission, Club 52 | 428 S Creyts Rd, Lansing, MI 48917-8278 | MI | 2000-03 | $470,346 |
| 18 | Dave Schmidt Memorial Scholarship Fund | 690 E Maple Road Ste 100, Birmingham, MI 48009 | MI | 1998-05 | $1,254 |
| 19 | Davenport University Foundation | 6191 Kraft Ave Se, Grand Rapids, MI 49512-9396 | MI | 1984-03 | $14,656,603 |
| 20 | David & Barbara Fromm Family Foundation | 27777 Franklin Rd, Southfield, MI 48034-2337 | MI | 2000-07 | $2,934 |
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