Ruqiyya Khanum Foundation in Saginaw, 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
- Organizations performing similar types of work
Ruqiyya Khanum Foundation | |
Employer Identification Number (EIN) | 271725586 |
Name of Organization | Ruqiyya Khanum Foundation |
In Care of Name | Dr Iftikhar Khan |
Address | 4705 Towne Centre Rd Ste 302, Saginaw, MI 48604-2819 |
Subsection | Charitable Organization |
Ruling Date | 11/2010 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2012 |
Assets | $500,000 to $999,999 |
Income | $1 to $9,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $649,995 |
Amount of Income | $-8,260 |
Form 990 Revenue Amount | $340,550 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2012: $-8,260 (it was $340,550 in 2011)
Ruqiyya Khanum Foundation: | $-8,260 |
Other organizations performing similar types of work: | $105,489 |
Assets in 2012: $649,995 (it was $732,650 in 2011)
Ruqiyya Khanum Foundation: | $649,995 |
Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $74,395
This organization: | $74,395 |
Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: -0.1
This organization: | -0.1 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: -121.1%
Ruqiyya Khanum Foundation: | -121.1% |
Other organizations performing similar types of work: | 22.8% |
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 | $-8,260 | $-18,260 | $0 | |
Contributions, gifts, grants, etc., received | $10,000 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $8,436 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $-26,696 | |||
Total expenses and disbursements | $74,395 | $0 | $0 | $74,395 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $6,195 | $0 | $6,195 | |
Contributions, gifts, grants paid | $68,200 | |||
Excess of revenue over expenses and disbursements | $-82,655 | |||
Net investment income | $0 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $649,995 | $649,994 |
Cash - non-interest-bearing | $2,208 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $647,787 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $649,995 |
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 | $0 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $0 |
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? | 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 | $0 |
Net value of noncharitable-use assets | $0 |
Minimum investment return | $0 |
Distributable Amount (for 2012) | |
Distributable amount | $0 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $0 |
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 | $649,995 | $732,650 | $438,020 | $0 | $1,820,665 |
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) | $10,000 | $458,584 | $463,452 | $0 | $932,036 |
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $10,000 | $458,584 | $463,452 | $0 | $932,036 |
Gross investment income | $0 | $0 | $543 | $0 | $543 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | William M Davidson Stock Grat Dtd 1-2-09, Jonathan S Aaron Ttee | 2 Towne Sq Ste 905, Southfield, MI 48076-3726 | MI | 2010-09 | $93,946,592 |
2 | Vera And Joseph Dresner Foundationinc | 6960 Orchard Lake Rd Ste 149, W Bloomfield, MI 48322-4593 | MI | 2009-06 | $84,507,253 |
3 | Vattikuti Foundation, Stasevich Nicholas J Ttee | 1000 Town Ctr Ste 700, Southfield, MI 48075-1220 | MI | 1999-01 | $42,110,898 |
4 | The Samuel And Jean Frankel Jewish Heritage Foundation | 2301 W Big Beaver Rd Ste 900, Troy, MI 48084-3332 | MI | 2002-08 | $36,556,295 |
5 | Ted And Jane Von Voigtlanderfoundation | 109 W Clinton St, Howell, MI 48843-1565 | MI | 2006-12 | $32,777,036 |
6 | Suleiman Foundation | 42627 Woodwind Ln, Canton, MI 48188-2658 | MI | 2004-04 | $11,330,816 |
7 | Pathways Foundation | 26055 Northpointe, Farmingtn Hls, MI 48331-4249 | MI | 2012-09 | $10,612,639 |
8 | The Samuel And Jean Frankel Fine Arts Foundation | 1671 Lochridge Rd, Bloomfield, MI 48302-0738 | MI | 2002-08 | $9,660,242 |
9 | W S And Lois Vandalson Foundation | 2347 W Dowling Rd, Delton, MI 49046-8663 | MI | 2001-10 | $7,952,737 |
10 | Willmas Charitable Trust | PO BOX 75000, Detroit, MI 48275-3302 | MI | 2008-03 | $7,584,875 |
11 | Bosch Community Fund | 3800 Hills Tech Dr, Farmington Hills, MI 48331 | MI | 2014-11 | $7,506,226 |
12 | Twink Frey Charitable Trust | 161 Ottawa Nw Ste 305-C, Grand Rapids, MI 49503-2710 | MI | 2007-12 | $7,273,029 |
13 | Tabbaa Foundation | 16959 Kings Fairway Ln, Grand Blanc, MI 48439-3504 | MI | 2004-12 | $6,985,288 |
14 | Timothy And Sheila Patton Family Charitable Trust, Sheila A Patton Ttee | 24 Frank Lloyd Wright Dr No A3300, Ann Arbor, MI 48105-9484 | MI | 2013-06 | $6,256,926 |
15 | Two Seven Oh Inc | PO BOX 1725, Birmingham, MI 48012-1725 | MI | 2006-11 | $5,242,301 |
16 | Dayenu Foundation Trust, Dayenu Foundation | 169 Monroe Ave Nw Ste 350, Grand Rapids, MI 49503-2632 | MI | 2014-08 | $4,383,178 |
17 | Take His Hand Foundation | 640 Manhattan Rd Se, Grand Rapids, MI 49506-2025 | MI | 2011-06 | $3,705,630 |
18 | Jack And Sally Burt Charitable Foundation | 4468 Oakbridge Dr, Flint, MI 48532-5422 | MI | 2013-01 | $3,632,105 |
19 | Supportive Care Services Of Michigan Inc | 400 Mack Ave, Detroit, MI 48201-2136 | MI | 2002-05 | $2,991,225 |
20 | Wallace And June Blume Charitable Foundation | 4666 Leighton Lakes Dr, Wayland, MI 49348-8903 | MI | 2004-05 | $2,838,543 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 22,395 |
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