Delong-Sweet Family Foundation in Detroit, 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
| Delong-Sweet Family Foundation | |
| Employer Identification Number (EIN) | 311605979 |
| Name of Organization | Delong-Sweet Family Foundation |
| In Care of Name | Commercia Bank & Trust Na |
| Address | PO BOX 75000, Detroit, MI 48275-0001 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 05/2014 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $7,127,457 |
| Amount of Income | $2,784,549 |
| Form 990 Revenue Amount | $545,236 |
| National Taxonomy of Exempt Entities (NTEE) | Unknown: Unknown |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets 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 | $545,236 | $545,236 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $251,224 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $294,012 | |||
| Total expenses and disbursements | $515,968 | $116,203 | $0 | $362,699 |
| Compensation of officers, directors, trustees, etc. | $66,000 | |||
| Total operating and administrative expenses | $192,468 | $116,203 | $39,199 | |
| Contributions, gifts, grants paid | $323,500 | |||
| Excess of revenue over expenses and disbursements | $29,268 | |||
| Net investment income | $429,033 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $7,154,450 | $7,561,814 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $4,828,420 | |
| Investments-corporate bonds | $2,077,236 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $248,794 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $7,154,450 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $294,012 |
| 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 | $8,581 |
| Total credits and payments | $20,025 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $20,025 |
| 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 | $11,444 |
| Amount to be credited to 2013 estimated tax | $8,584 |
| 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? | 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 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 | $7,747,259 |
| Net value of noncharitable-use assets | $7,631,060 |
| Minimum investment return | $381,553 |
| Distributable Amount (for 2012) | |
| Distributable amount | $372,972 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $372,972 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $312,503 |
| 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 | Dees Afc Inc | 68 N Astor St, Pontiac, MI 48342-2916 | MI | 2006-09 | $138,270 |
| 2 | Defoe Family Foundation | 9459 Whispering Sands Dr, West Olive, MI 49460-9516 | MI | 2000-03 | $72,057 |
| 3 | Degage Ministries | 144 Division Ave S, Grand Rapids, MI 49503-4216 | MI | 1985-05 | $1,746,670 |
| 4 | Degraw Ministries | Po Box 65, Grandville, MI 49468 | MI | 2007-07 | $50,319 |
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| 6 | Deirala Foundation | 4922 Quincy Ct, Saline, MI 48176-8727 | MI | 1999-08 | $853 |
| 7 | Dejard P Foundation Inc | 911 E Myrtle Ave, Flint, MI 48505-3940 | MI | 2002-01 | $60,868 |
| 8 | Del Harder Rehabilitation Fund | 261 Mack Ave, Detroit, MI 48201-2417 | MI | 1974-12 | $786,589 |
| 9 | Del J & Jean B Doyle Family Foundation | 3330 Broadmoor Ave Se Ste E, Grand Rapids, MI 49512-8192 | MI | 2005-09 | $12,769 |
| 10 | Del James Blessinger Foundation | 323 Erie St, Port Huron, MI 48060-3812 | MI | 1989-08 | $60,833 |
| 11 | Delong-Sweet Family Foundation | PO BOX 75000, Detroit, MI 48275-0001 | MI | 1998-08 | $2,784,549 |
| 12 | Delphi Foundation Inc | PO BOX 5086, Troy, MI 48098 | MI | 2000-02 | $17,483,965 |
| 13 | Delphi-Iue Welfare Benefit Veba Tr | PO BOX 5086, Troy, MI 48007-5086 | MI | 2002-08 | $3,586,115 |
| 14 | Delphi-Uaw Layoff Benefit Veba Tr | PO BOX 5086, Troy, MI 48007-5086 | MI | 2002-08 | $8,835,446 |
| 15 | Delray United Action Council | 7914 W Jefferson Ave, Detroit, MI 48209-2860 | MI | 1973-03 | $216,433 |
| 16 | Delray United Non-Profit Housing Corporation | 275 West Grand Blvd, Detroit, MI 48216-1595 | MI | 2001-04 | $625 |
| 17 | Delta Area Transit Authority, Data | 2901 27th Ave N, Escanaba, MI 49829-9310 | MI | 1991-05 | $1,299,818 |
| 18 | Delta Center P T O | 305 S Canal Rd, Lansing, MI 48917-7837 | MI | 1989-02 | $37,638 |
| 19 | Delta Chi Alumni Corporation | 8770 Oak Beach Drive, Commerce Township, MI 48382 | MI | 2015-03 | $98,405 |
| 20 | Delta Chi Building Corporation | 1903 Lathrup Ave, Saginaw, MI 48638-4792 | MI | 1947-04 | $244,741 |
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