Presque Isle Electric & Gas Communities First Fund in Onaway, Michigan (MI)
Table of contents:
| Presque Isle Electric & Gas Communities First Fund | |
| Employer Identification Number (EIN) | 383375631 |
| Name of Organization | Presque Isle Electric & Gas Communities First Fund |
| In Care of Name | Kristin A Sorgenfrei |
| Address | PO BOX 308, Onaway, MI 49765-0308 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Gifts or grants to individuals (other than scholarships) |
| Subsection | Charitable Organization |
| Ruling Date | 12/1997 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $98,818 |
| Amount of Income | $58,165 |
| Form 990 Revenue Amount | $58,165 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $58,165 (it was $59,118 in 2012)
| Presque Isle Electric & Gas Communities First Fund: | $58,165 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2013: $98,818 (it was $106,955 in 2012)
| Presque Isle Electric & Gas Communities First Fund: | $98,818 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2013: $66,302
| This organization: | $66,302 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2013: 0.9
| Presque Isle Electric & Gas Communities First Fund: | 0.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 99.9%
| Presque Isle Electric & Gas Communities First Fund: | 99.9% |
| Other organizations performing similar types of work: | 79.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $61,562 | $59,118 | $58,165 |
| Contributions, gifts, grants, and similar amounts received | $61,426 | $59,061 | $58,096 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $136 | $57 | $69 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $45,357 | $49,882 | $66,302 |
| Total net assets | $97,719 | $106,955 | $98,818 |
| Excess/Deficit for the year | $16,205 | $9,236 | $-8,137 |
| Net assets or fund balances at beginning of year | $81,514 | $97,719 | $106,955 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $106,955 | $98,818 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $97,719 | $106,955 | $98,818 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $97,719 | $106,955 | $98,818 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 2013) | |
| 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $352,010 |
| Subtotal Support | $352,010 |
| Gifts, grants, contributions, and membership fees received | $310,691 |
| 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 | $41,319 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $352,755 |
| Public Support | $352,010 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $745 |
| 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 | William Davidson Foundation | 2 Towne Sq Ste 905, Southfield, MI 48076-3726 | MI | 2006-10 | $196,471,270 |
| 2 | William M Davidson Magnifying Glass Grat 01-21-09, Jonathan S Aaron Ttee | 2 Towne Sq Ste 905, Southfield, MI 48076-3726 | MI | 2011-01 | $79,405,678 |
| 3 | Richard And Helen Devos Foundation | 126 Ottawa Ave Nw Ste 500, Grand Rapids, MI 49503-2882 | MI | 2012-08 | $26,088,118 |
| 4 | The Charboneau Family Foundation | 43535 Carla Dr, Paw Paw, MI 49079-9759 | MI | 2007-11 | $17,862,347 |
| 5 | Joshua-Jim And Eunice Stone Foundation | 27235 Ovid Ct, Franklin, MI 48025-1036 | MI | 2011-01 | $10,375,084 |
| 6 | The Micah 6 8 Foundation | PO BOX 451, Zeeland, MI 49464-0451 | MI | 2007-06 | $8,090,348 |
| 7 | Zatkoff Family Foundation | 23230 Industrial Park Drive, Farmington Hills, MI 48335-2850 | MI | 2001-02 | $7,805,652 |
| 8 | Lynn & Paul Alandt Foundation | 1901 Saint Antoine St Fl 6, Detroit, MI 48226-2310 | MI | 2010-10 | $6,556,804 |
| 9 | Marvin And Betty Danto Family Foundation | 1700 Stutz Dr Ste 25, Troy, MI 48084-4502 | MI | 2006-02 | $5,741,935 |
| 10 | Sutar Sutaruk Meyer Foundation | 30600 Nwestern Hwy Ste 245, Farmingtn Hls, MI 48334-3171 | MI | 2008-07 | $4,419,058 |
| 11 | Stanley And Judith Frankel Family Foundation | 2301 W Big Beaver Rd Ste 900, Troy, MI 48084-3332 | MI | 2000-05 | $3,509,912 |
| 12 | Herm And Shirley Geers Foundation | 320 Cologne, Lansing, MI 48917-3070 | MI | 2014-07 | $3,439,616 |
| 13 | Chilant And Mansfield Sprague Herbert Frenzell Foundation, Citigroup Trust Delaware Na Ttee | PO BOX 75000, Detroit, MI 48275-7874 | MI | 2009-08 | $2,355,565 |
| 14 | Trott Foundation | 31440 Northwestern Hwy Ste 300, Farmingtn Hls, MI 48334-5422 | MI | 2003-10 | $2,334,406 |
| 15 | Young Family Foundation | PO BOX 5430, Plymouth, MI 48170-5430 | MI | 2002-10 | $2,040,899 |
| 16 | Skiles Foundation | 101 North Main Street, Ann Arbor, MI 48104-5507 | MI | 1999-12 | $1,916,044 |
| 17 | Thompson Educational Foundation | 40500 Ann Arbor Rd E Ste 200, Plymouth, MI 48170-4483 | MI | 2002-10 | $1,855,151 |
| 18 | Jim And Diana Huckle Family Fdn, James E Huckle & Diana L Huckle Tte | 6291 Peninsula Dr, Traverse City, MI 49686-1915 | MI | 2011-07 | $1,637,790 |
| 19 | Worthington Family Foundation | PO BOX 4311, Traverse City, MI 49685-4311 | MI | 2009-07 | $1,629,568 |
| 20 | Khan Family Foundation | 861 Monroe St, Dearborn, MI 48124-2308 | MI | 2010-03 | $1,599,239 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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