Freemen Foundation in Fremont, 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
| Freemen Foundation | |
| Employer Identification Number (EIN) | 386048805 |
| Name of Organization | Freemen Foundation |
| Address | 5588 W 32nd St, Fremont, MI 49412-7723 |
| Activities | Other school related activities, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1954 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $181,709 |
| Amount of Income | $18,163 |
| Form 990 Revenue Amount | $4,837 |
Non-representatives - add comments:
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 | $4,605 | $4,605 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $4,605 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $6,045 | $526 | $0 | $5,250 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,045 | $526 | $1,250 | |
| Contributions, gifts, grants paid | $4,000 | |||
| Excess of revenue over expenses and disbursements | $-1,440 | |||
| Net investment income | $4,079 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $182,372 | $193,763 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $165,979 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $-86 | |
| Other | $16,479 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $182,372 | |
| 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 | $82 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $82 |
| 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? | 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? | Yes |
| 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 | $122,217 |
| Net value of noncharitable-use assets | $120,380 |
| Minimum investment return | $6,019 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5,937 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5,937 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $5,937 |
| 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 | Freedom House | 2630 W Lafayette Blvd, Detroit, MI 48216-2019 | MI | 1987-07 | $771,024 |
| 2 | Freedom Institute For Economic Social Justice & People Empowermen | 7077 W Outer Dr, Detroit, MI 48235 | MI | 2004-03 | $19,324 |
| 3 | Freedom Work Opportunities Inc | 2880 N Milford Rd, Highland, MI 48357-3829 | MI | 1984-05 | $3,329,505 |
| 4 | Freedom Work Opportunities Of Genesee County Inc | 6459 W Pierson Rd, Flushing, MI 48433-2344 | MI | 1995-03 | $3,086,523 |
| 5 | Freedomisp Foundation | 25270 Ridgewood Dr, Farmingtn Hls, MI 48336-1050 | MI | 2001-11 | $625 |
| 6 | Freeland Athletic Association | PO BOX 451, Freeland, MI 48623-0451 | MI | 1986-12 | $263,374 |
| 7 | Freeland Community Sports Association | 145 S 2nd St, Freeland, MI 48623-2507 | MI | 2006-07 | $1,336,628 |
| 8 | Freeland Cooperative Preschool | PO BOX 157, Freeland, MI 48623-0157 | MI | 1972-04 | $69,111 |
| 9 | Freeland Soccer Club | PO BOX 45, Freeland, MI 48623-0045 | MI | 1988-05 | $57,092 |
| 10 | Freeland Sportsman Club | PO BOX 75, Freeland, MI 48623 | MI | 1964-11 | $84,897 |
| 11 | Freemen Foundation | 5588 W 32nd St, Fremont, MI 49412-7723 | MI | 1954-08 | $18,163 |
| 12 | Fremont Area Chaplaincy Services Inc | 5829 W 32nd Street, Fremont, MI 49412 | MI | 1989-01 | $7,903 |
| 13 | Fremont Area Elderly Needs Fund | 4424 W 48th St, Fremont, MI 49412-8721 | MI | 1993-05 | $1,771,269 |
| 14 | Fremont Christian School | 208 Hillcrest Ave, Fremont, MI 49412-1350 | MI | 1952-05 | $927,345 |
| 15 | Fremont Jr Packers Inc | PO BOX 234, Fremont, MI 49412-0234 | MI | 1997-11 | $8,537 |
| 16 | Fremont Lodge No 1555 Loyal Order Of Moose | 15 W Main St, Fremont, MI 49412-1135 | MI | 1935-08 | $335,055 |
| 17 | French Canadian Heritage Society Of Michigan | PO BOX 1900, Royal Oak, MI 48068-1900 | MI | 2005-12 | $9,119 |
| 18 | French Institute Of Michigan, Alliance Francaise | 7100 Lindenmere Dr, Bloomfld Hls, MI 48301-3524 | MI | 1981-11 | $141,618 |
| 19 | French School Of Detroit Parents Association | 7100 Lindenmere Dr, Bloomfld Hls, MI 48301-3524 | MI | 1987-01 | $1,101,601 |
| 20 | French-American Chamber Of Commerce, Michigan Chapter | 2000 Town Ctr Ste 1800, Southfield, MI 48075-1165 | MI | 1985-08 | $81,233 |
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