Nusbaum Family Foundation Tt in Franklin, 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
| Nusbaum Family Foundation Tt | |
| Employer Identification Number (EIN) | 382917028 |
| Name of Organization | Nusbaum Family Foundation Tt |
| In Care of Name | Annette Lemke Bdo Seidman |
| Address | 26575 Willowgreen Dr, Franklin, MI 48025-1337 |
| Activities | Gifts, grants, or loans to other organizations, Community Chest, United Way, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 09/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $476,516 |
| Amount of Income | $580,719 |
| Form 990 Revenue Amount | $23,021 |
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 | $30,050 | $25,985 | $0 | |
| Contributions, gifts, grants, etc., received | $2,245 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $6,649 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $4,443 | |||
| Other | $16,713 | |||
| Total expenses and disbursements | $360,259 | $6,867 | $0 | $351,782 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $10,279 | $6,867 | $1,802 | |
| Contributions, gifts, grants paid | $349,980 | |||
| Excess of revenue over expenses and disbursements | $-330,209 | |||
| Net investment income | $19,118 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $189,442 | $189,442 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $111,432 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $75,000 | |
| Other | $3,010 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $189,442 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $16,713 |
| 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 | $191 |
| Total credits and payments | $200 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $200 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $9 |
| Amount to be credited to 2013 estimated tax | $9 |
| 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 | $356,845 |
| Net value of noncharitable-use assets | $351,500 |
| Minimum investment return | $17,575 |
| Distributable Amount (for 2012) | |
| Distributable amount | $17,384 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $17,384 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| 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 | Novi Youth Baseball League | PO BOX 303, Novi, MI 48376-0303 | MI | 2004-04 | $84,146 |
| 2 | Novi Youth Football Association | PO BOX 1290, Novi, MI 48376-1290 | MI | 2008-02 | $63,586 |
| 3 | Novi Youth Hockey Association Inc | 42400 Arena Drive, Novi, MI 48375-4798 | MI | 2001-06 | $1,052,151 |
| 4 | Np Leadership Collaborative | 503 Arlington St, Birmingham, MI 48009-1639 | MI | 2003-06 | $1 |
| 5 | Npower Michigan Technology Center | 645 Griswold, Detroit, MI 48226-4105 | MI | 2002-01 | $736,391 |
| 6 | Nritya Sudhas Hindu Temple Rhythms | 24611 Seneca St, Oak Park, MI 48237-1778 | MI | 2004-04 | $74,921 |
| 7 | Nso Properties | 882 Oakman Blvd, Detroit, MI 48238-3710 | MI | 2004-03 | $712,695 |
| 8 | Nu Way Thrift Store Inc | 211 E Cork St, Kalamazoo, MI 49001-4814 | MI | 1982-10 | $469,424 |
| 9 | Nursing Clinic Of Battle Creek | 34 Green St, Battle Creek, MI 49014-4029 | MI | 2008-01 | $253,515 |
| 10 | Nursing Practice Corporation | 5557 Cass Ave, Detroit, MI 48202-3615 | MI | 2000-11 | $1,970,914 |
| 11 | Nusbaum Family Foundation Tt | 26575 Willowgreen Dr, Franklin, MI 48025-1337 | MI | 1992-09 | $580,719 |
| 12 | Nutcracker Ballet Theatre Company | 3858 Tamarack Dr, Port Huron, MI 48060 | MI | 1999-09 | $59,171 |
| 13 | O And B Community Homes | 2819 Birchwood St, Trenton, MI 48183-3643 | MI | 1986-10 | $1,429,296 |
| 14 | O U R Camp Inc | Po Box 6059, Plymouth, MI 48170 | MI | 2002-03 | $0 |
| 15 | Oak Crest Golf Club | PO BOX 36, Norway, MI 49870-0036 | MI | 1979-04 | $536,093 |
| 16 | Oak Grove Cemetery Assn, John Schaible | PO BOX 230, Manchester, MI 48158-0230 | MI | 1947-01 | $25,653 |
| 17 | Oak Grove Cemetery Association | 1040 Veterans Oak Grove Dr, Manistee, MI 49660-1007 | MI | 1949-10 | $428,161 |
| 18 | Oak Hill Cemetery Co | 1101 S Washington St, Owosso, MI 48867-8924 | MI | 1944-03 | $64,489 |
| 19 | Oak Hill Cemetery Company | 255 South Ave, Battle Creek, MI 49014-4267 | MI | 1946-12 | $1,088,332 |
| 20 | Oak Hill Gun Club | Po Box 254, Portland, MI 48875 | MI | 2009-02 | $26,548 |
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