Schwartz Family Foundation in Detroit, 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
| Schwartz Family Foundation | |
| Employer Identification Number (EIN) | 386059415 |
| Name of Organization | Schwartz Family Foundation |
| Address | 2290 First National Building, Detroit, MI 48226 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 09/1960 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $11,946 |
| Amount of Income | $33,974 |
| Form 990 Revenue Amount | $3,209 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets 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 | $3,209 | $3,209 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,033 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $2,176 | |||
| Total expenses and disbursements | $52,779 | $677 | $0 | $52,082 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,374 | $677 | $677 | |
| Contributions, gifts, grants paid | $51,405 | |||
| Excess of revenue over expenses and disbursements | $-49,570 | |||
| Net investment income | $2,532 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $11,946 | $11,946 |
| Cash - non-interest-bearing | $11,477 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $469 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $11,946 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $2,176 |
| 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 | $25 |
| Total credits and payments | $201 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $201 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $176 |
| Amount to be credited to 2012 estimated tax | $176 |
| 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 | $37,534 |
| Net value of noncharitable-use assets | $36,980 |
| Minimum investment return | $1,849 |
| Distributable Amount (for 2011) | |
| Distributable amount | $1,824 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $1,824 |
| 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 | $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 | Schoolcraft County Tourist Council Inc | 6031 West Us Hwy 2, Manistique, MI 49854 | MI | 1993-09 | $75,869 |
| 2 | Schoolcraft Development Authority Inc | 18600 Haggerty Rd, Livonia, MI 48152-3932 | MI | 1986-09 | $877,478 |
| 3 | Schoolcraft Historical Society | 613 East Cass, Schoolcraft, MI 49087 | MI | 1978-03 | $0 |
| 4 | Schoolcraft Memorial Hospital | 7870w Us Highway 2, Manistique, MI 49854-8992 | MI | 2007-09 | $25,991,267 |
| 5 | Schoonbeck Family Foundation | 310 Riders Trl Ne, Ada, MI 49301-9554 | MI | 1998-01 | $201,877 |
| 6 | Schostak Family Support Foundation | PO BOX 2030 6735 TELEGRAPH ROAD, Bloomfield Hills, MI 48301-3141 | MI | 1995-01 | $1,594,159 |
| 7 | Schriber Family Foundation | 2116 Dorset Rd, Ann Arbor, MI 48104-2604 | MI | 2004-06 | $67,851 |
| 8 | Schroeder School Parent Teacher Org | 3541 Jack Dr, Troy, MI 48084-1322 | MI | 1978-05 | $37,064 |
| 9 | Schultz Family Foundation | 847 Asa Gray Dr, Ann Arbor, MI 48105-2566 | MI | 2002-03 | $2,500 |
| 10 | Schwager Foundation | 144 Edmund Ave, Royal Oak, MI 48073-2624 | MI | 1993-04 | $5,797 |
| 11 | Schwartz Family Foundation | 2290 First National Building, Detroit, MI 48226 | MI | 1960-09 | $33,974 |
| 12 | Schwarz Family Foundation | 1369 Meadow Gate Ln, Harbor Spgs, MI 49740-9513 | MI | 2000-02 | $109,970 |
| 13 | Science And Engineering Fair Of Metropolitan Detroit Inc | PO BOX 158, Farmington, MI 48332-0158 | MI | 1963-04 | $110,600 |
| 14 | Nyaka Aids Orphans Project Inc, Dba Nyaka Aids Orphans | PO BOX 339, East Lansing, MI 48826-0339 | MI | 2002-08 | $945,504 |
| 15 | Score Ministries | PO BOX 99026, Troy, MI 48099-9026 | MI | 2002-03 | $404,172 |
| 16 | Scotch Eleamentry School Parent- Teacher Organiaztion | 5959 Commerce Rd, West Bloomfield, MI 48324-3293 | MI | 2003-10 | $50,323 |
| 17 | Scott And Janet Spoelhof Foundation | 151 Central Ave Ste 200, Holland, MI 49423-2831 | MI | 2008-07 | $50,021 |
| 18 | Scottish Rite Valley Of Detroit Cha Ritable And Educational Foundation | 907 Monroe St, Dearborn, MI 48124-2309 | MI | 1993-06 | $14,988 |
| 19 | Scovel-Avery Non Profit Housing Corporation | 3301 23rd St, Detroit, MI 48208-2401 | MI | 1997-09 | $35,353 |
| 20 | Scrap Box | 581 State Cir, Ann Arbor, MI 48108-1643 | MI | 1986-03 | $183,704 |
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