Foundation For Excellence-Walled Lake Schools in Walled Lake, Michigan (MI)
Table of contents:
| Foundation For Excellence-Walled Lake Schools | |
| Employer Identification Number (EIN) | 383041277 |
| Name of Organization | Foundation For Excellence-Walled Lake Schools |
| In Care of Name | Ernest Fuller |
| Address | 850 Ladd Rd Bldg D, Walled Lake, MI 48390-3019 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $146,840 |
| Amount of Income | $138,305 |
| Form 990 Revenue Amount | $120,484 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2014: $138,305 (it was $100,719 in 2013)
| Foundation For Excellence-Walled Lake Schools: | $138,305 |
| Other organizations performing similar types of work: | $124,396 |
Assets in 2014: $146,840 (it was $102,150 in 2013)
| This organization: | $146,840 |
| Other organizations performing similar types of work: | $313,863 |
Expenses in 2014: $78,314
| This organization: | $78,314 |
| Other organizations performing similar types of work: | $64,100 |
Income to expenses ratio in 2014: 1.8
| This organization: | 1.8 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2014: 60.7%
| Foundation For Excellence-Walled Lake Schools: | 60.7% |
| Other organizations performing similar types of work: | 0.6% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $105,657 | $99,010 | $71,676 | $120,484 |
| Contributions, gifts, grants, and similar amounts received | $78,816 | $66,431 | $47,976 | $73,104 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $276 | $258 | $113 | $85 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $26,565 | $32,321 | $23,587 | $47,295 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $57,722 | $72,343 | $52,630 | $65,116 |
| Less: direct expenses from gaming and fundraising events | $31,157 | $40,022 | $29,043 | $17,821 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $130,870 | $101,443 | $82,746 | $78,314 |
| Total net assets | $111,704 | $111,356 | $102,150 | $146,840 |
| Excess/Deficit for the year | $-25,213 | $-2,433 | $-11,070 | $42,170 |
| Net assets or fund balances at beginning of year | $130,695 | $111,704 | $111,356 | $102,150 |
| Other changes in net assets or fund balances | $6,222 | $2,085 | $1,864 | $2,520 |
| Net assets or fund balances at end of year | $102,150 | $146,840 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $111,704 | $111,356 | $102,150 | $146,840 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $111,704 | $111,356 | $102,150 | $146,840 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $133,689 |
| Subtotal Support | $339,035 |
| Gifts, grants, contributions, and membership fees received | $339,035 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $205,346 |
| Total Support | $342,147 |
| Public Support | $339,035 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $3,112 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tony Patino Fellowship Trust 783352 | PO BOX 1297, New York, NY 10008-1297 | NY | 1997-10 | $1,573,984 |
| 2 | The@franklin H And Nancy S Moore Foundation, Moore Franlkin H Jr President | 633 E Meldrum Cir, St Clair, MI 48079-4247 | MI | 1998-02 | $420,895 |
| 3 | Sam Foundation | 200 Ottawa Ave Nw Ste 300, Grand Rapids, MI 49503-2426 | MI | 1995-10 | $252,142 |
| 4 | Uplift Inc | PO BOX 241488, Detroit, MI 48224-5488 | MI | 1998-03 | $90,725 |
| 5 | The Shaevsky Family Foundation | PO BOX 2030 6735 TELEGRAPH RD, Bloomfield Hills, MI 48301-3141 | MI | 1998-08 | $49,320 |
| 6 | Saginaw Area City Band | 203 Strieter Drive, Saginaw, MI 48609 | MI | 1993-06 | $4,191 |
| 7 | Woodrun Foundation | PO BOX 2030 6735 TELEGRAPH RD, Bloomfield Hills, MI 48301-3141 | MI | 1996-11 | $162 |
| 8 | William G & Martha Dewitt Family Foundation | 1375 Kalamazoo St, South Haven, MI 49090-1957 | MI | 1998-11 | $1 |
| 9 | Alexander Mclaren Memorial Foundation Inc | 16604 Doral Drive, Northville, MI 48168 | MI | 1998-05 | $0 |
| 10 | Armenian Resettlement And Refugee Assistance Tr Fund | 2323 Sapphire Lane, East Lansing, MI 48823 | MI | 1993-08 | $0 |
| 11 | Central Michigan University Foundation | 524 E Bellows St, Mt Pleasant, MI 48858-3558 | MI | 1998-11 | $0 |
| 12 | Cyprian Foundation Inc | 2939 Russell St, Detroit, MI 48207-4825 | MI | 1997-02 | $0 |
| 13 | Educational Foundation For A Free World | 13144 Old Hickory Trl, Dewitt, MI 48820-9633 | MI | 1997-05 | $0 |
| 14 | For The Children Inc | 3890 Saint Clair St, Detroit, MI 48214-4417 | MI | 1998-05 | $0 |
| 15 | Friends With A Cause Inc | 20151 Pratt Rd, Armada, MI 48005-1221 | MI | 1997-08 | $0 |
| 16 | Kinross Boosters Inc | PO BOX 94, Kinross, MI 49752-0094 | MI | 1998-10 | $0 |
| 17 | Linsey Porter Charity Fund Inc | 1300 E Lafayette St Apt 1903, Detroit, MI 48207-2922 | MI | 1996-10 | $0 |
| 18 | Madison Community Education Foundation | 1718 Sycamore Ave, Royal Oak, MI 48073 | MI | 1990-08 | $0 |
| 19 | Rotary Foundation Of Suttons Bay | Po Box 45, Suttons Bay, MI 49682 | MI | 1997-10 | $0 |
| 20 | Run Around The World Inc | 1201 E Paris Ave Se, Grand Rapids, MI 49546-6279 | MI | 1995-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,101 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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