Ernest L Nicolay 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
| Ernest L Nicolay Family Foundation | |
| Employer Identification Number (EIN) | 386096839 |
| Name of Organization | Ernest L Nicolay Family Foundation |
| In Care of Name | Comerica Bank |
| Address | PO BOX 75000, Detroit, MI 48275-3302 |
| Activities | Gifts, grants, or loans to other organizations, Other school related activities |
| Subsection | Charitable Organization |
| Ruling Date | 06/1962 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $3,551 |
| Amount of Income | $422,938 |
| Form 990 Revenue Amount | $9,726 |
Non-representatives - add comments:
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 | $9,726 | $7,705 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $594 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,021 | |||
| Other | $7,111 | |||
| Total expenses and disbursements | $10,753 | $3,933 | $0 | $900 |
| Compensation of officers, directors, trustees, etc. | $3,923 | |||
| Total operating and administrative expenses | $10,753 | $3,933 | $900 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-1,027 | |||
| Net investment income | $3,772 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,522 | $19,076 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $34 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $2,488 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $2,522 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $7,111 |
| 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 | $75 |
| Total credits and payments | $2,200 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $2,200 |
| 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 | $2,125 |
| Amount to be credited to 2012 estimated tax | $76 |
| 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? | 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 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 | $21,327 |
| Net value of noncharitable-use assets | $21,000 |
| Minimum investment return | $1,050 |
| Distributable Amount (for 2011) | |
| Distributable amount | $975 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $975 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| 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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| Other organizations in Michigan | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Eppert Fam Foundation | 1138 Fox Chase Rd, Bloomfield, MI 48301-4158 | MI | 2000-07 | $446,715 |
| 2 | Epsilon Educational Endowment | 594 Hartsough St, Plymouth, MI 48170-1919 | MI | 1968-10 | $443,440 |
| 3 | Equest Center For Therapeutic Riding Inc | 3777 Rector Ave Ne, Rockford, MI 49341-7914 | MI | 1990-08 | $589,972 |
| 4 | Equip For Life | 29665 Pine St, Inkster, MI 48141-2843 | MI | 2001-02 | $41,711 |
| 5 | Erac-Ce | 525 E Kalamazoo Ave, Kalamazoo, MI 49007-3811 | MI | 2005-03 | $210,701 |
| 6 | Erb Foundation | 800 N Old Woodward Ave Ste 201, Birmingham, MI 48009-3802 | MI | 1965-03 | $208,529 |
| 7 | Ergot | 3750 Woodward Ste 200a, Detroit, MI 48201-2007 | MI | 1984-10 | $708,068 |
| 8 | Erie Shooting And Fishing Club Inc | 3149 Dean Rd, Erie, MI 48133-9785 | MI | 1980-09 | $247,479 |
| 9 | Erma E Biedermann Student Loan Fund | PO BOX 7500, Detroit, MI 48275-0001 | MI | 1983-11 | $209,337 |
| 10 | Ernest & Rosemarie Kanzier Foundation | 1901 St Antoine 6th Fl Ford Field, Detroit, MI 48226 | MI | 2001-10 | $6,173 |
| 11 | Ernest L Nicolay Family Foundation | PO BOX 75000, Detroit, MI 48275-3302 | MI | 1962-06 | $422,938 |
| 12 | Ernestine Schultz Memorial Fund 02033070158364 | PO BOX 75000, Detroit, MI 48275-7874 | MI | $5,831 | |
| 13 | Erwin & Isabelle Ziegelman Foundation | 6425 Noble Rd, W Bloomfield, MI 48322-1387 | MI | 1989-11 | $254,684 |
| 14 | Erwin And Virginia Haass Foundation Inc | 80 Moran Rd, Grosse Point, MI 48236-3607 | MI | 1965-05 | $364 |
| 15 | Escanaba Apprenticeship And Training Committee | PO BOX 172, Escanaba, MI 49829-0172 | MI | 1973-07 | $56,665 |
| 16 | Escanaba Aqua Nuts Water Ski Club, John Holmes | 2200 3rd Ave S, Escanaba, MI 49829-2330 | MI | 2004-07 | $6,208 |
| 17 | Escanaba Area Figure Skating Club Inc | 1510 16th Ave S, Escanaba, MI 49829-2003 | MI | 1991-02 | $76,532 |
| 18 | Escanaba Area Junior Hockey Association Inc | PO BOX 150, Escanaba, MI 49829-0150 | MI | 1976-03 | $101,418 |
| 19 | Escanaba Country Club | PO BOX 296, Escanaba, MI 49829-0296 | MI | 1962-02 | $552,729 |
| 20 | Escanaba Cubs Baseball Club Inc | 1109 7th Ave S, Escanaba, MI 49829-3209 | MI | 1994-04 | $26,425 |
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