Marcella L Hamar Scholarship in Dollar Bay, 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
| Marcella L Hamar Scholarship | |
| Employer Identification Number (EIN) | 382314909 |
| Name of Organization | Marcella L Hamar Scholarship |
| In Care of Name | Supt Chassell Township Schools |
| Address | PO BOX 380, Dollar Bay, MI 49922-0380 |
| Subsection | Charitable Organization |
| Ruling Date | 09/1980 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,559 |
| Amount of Income | $5,177 |
| Form 990 Revenue Amount | $-3,693 |
Non-representatives - add comments:
Expenses 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 | $-3,693 | $59 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $59 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $3,028 | $28 | $28 | $3,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $28 | $28 | $0 | |
| Contributions, gifts, grants paid | $3,000 | |||
| Excess of revenue over expenses and disbursements | $-6,721 | |||
| Net investment income | $31 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,559 | $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 | $5,559 | |
| Total liabilities | $1,800 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,800 | |
| Total liabilities and net assets/fund balances | $3,759 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-3,752 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| 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? | Yes |
| 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? | Yes |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | Yes |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | Yes |
| 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? | Yes |
| 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 | $5,559 |
| Net value of noncharitable-use assets | $5,480 |
| Minimum investment return | $274 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| 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 | $19,677 | $1,800 | $1,800 | $7,199 | $30,476 |
| 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 | $183 | $0 | $0 | $0 | $183 |
| 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 | Maple Valley Memorial Scholarship Foundation | 9752 Evart Rd, Nashville, MI 49073-9520 | MI | 1988-11 | $26,052 |
| 2 | Maps All Sports Booster Club | 1203 W Fair Ave, Marquette, MI 49855-2668 | MI | 1982-07 | $59,595 |
| 3 | Marable Specialized Care Inc | 1565 S Schuman St, Westland, MI 48186-4592 | MI | 1991-01 | $297,960 |
| 4 | Maral Foundation | 4515 W Saginaw Hwy Ste 201, Lansing, MI 48917-2707 | MI | 2000-11 | $110,519 |
| 5 | Maranatha Evangelistic Ministries Inc | 2997 Francesca Dr, Waterford, MI 48329-4306 | MI | 2000-03 | $86,261 |
| 6 | Maranatha Foundation Inc | 1500 E Maple Rd, Milford, MI 48381-4033 | MI | 1966-03 | $660,421 |
| 7 | Marba Industry Advancement Fund | 6525 Centurion Dr, Lansing, MI 48917-9275 | MI | 2001-12 | $1,542,143 |
| 8 | Marble Park Cemetery Association, Gary C Brown | 520 W Main St, Milan, MI 48160-9559 | MI | $237,178 | |
| 9 | Marble School Parent Council, Marble Parent Council | 729 N Hagadorn, East Lansing, MI 48823 | MI | 2001-04 | $0 |
| 10 | Marc Suris Legacy Foundation | 7161 Ilanaway Dr, W Bloomfield, MI 48324-2493 | MI | 2006-07 | $13,662 |
| 11 | Marcella L Hamar Scholarship | PO BOX 380, Dollar Bay, MI 49922-0380 | MI | 1980-09 | $5,177 |
| 12 | Marcellus Area Assistance Program Inc | 11772 Dutch Settlement Rd, Marcellus, MI 49067-9512 | MI | 1985-12 | $16,442 |
| 13 | Mardigian Foundation | 39400 Woodward Ave, Bloomfield Hills, MI 48304-5150 | MI | 1956-10 | $5,197,296 |
| 14 | Margaret Acheson Allesee And Robert A Allesee Foundation | 6560 Red Maple Ln, Bloomfld Hls, MI 48301-3224 | MI | 1998-09 | $850 |
| 15 | Margaret Black Elementary School Pt | 14100 Heritage Rd, Sterling Heights, MI 48312 | MI | 1999-04 | $0 |
| 16 | Margaret Dunning Foundation | 994 Penniman Ave, Plymouth, MI 48170-1624 | MI | 1997-06 | $14,556 |
| 17 | Margaret W And Lorimer W Midgett Trust | PO BOX 75000, Detroit, MI 48275-7874 | MI | 2000-09 | $219,813 |
| 18 | Margaret W Midgett C R U | PO BOX 75000, Detroit, MI 48275-7874 | MI | 2001-01 | $347,936 |
| 19 | Marian Center In Joy Valley Inc | 2680 Maxwell Rd, Petoskey, MI 49770-7807 | MI | 1995-08 | $136,712 |
| 20 | Marian Corporation | 36800 Schoolcraft Rd, Livonia, MI 48150-1115 | MI | 1993-12 | $466,369 |
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