Scears Foundation Of Akron Michigan in Caro, Michigan (MI)

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Scears Foundation Of Akron Michigan
Employer Identification Number (EIN)383593135
Name of OrganizationScears Foundation Of Akron Michigan
In Care of NameJan Holik
Address998 North Graf Road C/O Jan Holik, Caro, MI 48723
SubsectionCharitable Organization
Ruling Date08/2001
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2010
Assets$10,000 to $24,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$16,316
Amount of Income$76
Form 990 Revenue Amount$28
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2010: $76 (it was $28 in 2011)
Scears Foundation Of Akron Michigan: 

 $76
Other organizations performing similar types of work: 

 $41,680

Assets in 2010: $16,316 (it was $14,344 in 2011)
This organization: 

 $16,316
Other organizations performing similar types of work: 

 $65,579

Expenses in 2011: $2,000
Scears Foundation Of Akron Michigan: 

 $2,000
Other organizations performing similar types of work: 

 $24,470

Income to expenses ratio in 2011: 0.0
This organization: 

 0.0
Other organizations performing similar types of work: 

 0.5

Grants share in income in 2011: 0.0%
Scears Foundation Of Akron Michigan: 

 0.0%
Other organizations performing similar types of work: 

 9.0%

Financial snapshot ($)

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$28$28$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$28
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$2,000$0$0$2,000
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$0$0$0
Contributions, gifts, grants paid$2,000
Excess of revenue over expenses and disbursements$-1,972
Net investment income$28
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$14,344$14,344
Cash - non-interest-bearing$14,344
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$14,344
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$0
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$1
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$1
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?No
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?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 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$15,330
Net value of noncharitable-use assets$15,100
Minimum investment return$755
Distributable Amount (for 2011)
Distributable amount$754
Undistributed Income (for 2011)
Distributable amount for 2011$754
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Us-Central Asia Education Foundation124 U St Nw, Washington, DC 20001-1606DC2007-10$4,838,252
2Subsea Tieback Scholarship Fund5418 Woodbury St, Fulshear, TX 77441-4139TX2007-10$101,112
3Tom Mcmahon Construction Scholarship Fund4441 S Abilene Cir, Aurora, CO 80015-1047CO2006-11$18,033
4Ruth Mott Foundation111 E Court St Ste 3c, Flint, MI 48502-1649MI1989-10$74,166,232
5Michigan Education Excellence FoundationPO BOX 10030, Lansing, MI 48901-0030MI2011-10$13,431,526
6Operation Graduation15000 Trojan St, Detroit, MI 48235-1680MI2014-10$2,707,919
7Robert M Morand Scholarship Fund39221 Woodward Ave, Bloomfld Hls, MI 48304-5162MI2015-01$1,065,716
8The@imagine Fund222 N Chestnut, Lansing, MI 48933-1077MI2008-02$1,064,468
9Kid Rock FoundationPO BOX 1230, Clarkston, MI 48347-1230MI2009-05$804,726
10William Clay Ford Jr Scholarship Fund1901 Saint Antoine St Fl 6 # Ford, Detroit, MI 48226-2310MI2005-03$777,131
11Society Of The Trinitarian Family3650 Knoll Creek Ct, Ann Arbor, MI 48105-9307MI2012-06$749,695
12Hebert Memorial Scholarship Fund, Gardey Kim Ttee100 Harrow Lane, Saginaw, MI 48638-6095MI2011-03$691,858
13The Detroit Athletic Club Foundation241 Madison St, Detroit, MI 48226-2126MI1999-10$681,658
14Student Free Press Association4771 Mechanic Rd, Hillsdale, MI 49242-9465MI2011-03$430,892
15Thompson FoundationPO BOX 6349, Plymouth, MI 48170-0353MI1999-05$409,287
16Leonard C & Ethel H Hoffman Scholarship Tr UwPO BOX 3636, Grand Rapids, MI 49501-3636MI2009-01$334,675
17Butternut School Scholarship Program6790 Co 426 M 5 Rd, Wells, MI 49894MI2010-09$273,240
18Willoughby Rotary FoundationPO BOX 701, Frankfort, MI 49635-0701MI1986-11$253,369
19Rr Foundation3734 Heron Ridge Dr, Rochester Hls, MI 48309-4521MI2012-08$250,000
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Number of organizations performing similar types of work
Alaska48
Alabama286
Arkansas212
Arizona375
California2,590
Colorado397
Connecticut360
District of Columbia210
Delaware90
Florida1,248
Georgia644
Hawaii125
Iowa241
Idaho90
Illinois1,083
Indiana348
Kansas216
Kentucky271
Louisiana247
Massachusetts819
Maryland580
Maine135
Michigan690
Minnesota353
Missouri459
Mississippi159
Montana122
North Carolina631
North Dakota29
Nebraska124
New Hampshire145
New Jersey1,137
New Mexico122
Nevada157
New York1,581
Ohio902
Oklahoma233
Oregon274
Pennsylvania951
Rhode Island132
South Carolina243
South Dakota54
Tennessee325
Texas2,055
Utah196
Virginia649
Vermont87
Washington473
Wisconsin403
West Virginia110
Wyoming43
International27
Total23,481

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