Swan For Life Cancer Foundation in Rochester, 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
| Swan For Life Cancer Foundation | |
| Employer Identification Number (EIN) | 263989312 |
| Name of Organization | Swan For Life Cancer Foundation |
| In Care of Name | Samar Fata |
| Address | PO BOX 81460, Rochester, MI 48308-1460 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $950,954 |
| Amount of Income | $634,215 |
| Form 990 Revenue Amount | $595,904 |
| National Taxonomy of Exempt Entities (NTEE) | Diseases, Disorders, Medical Disciplines: Cancer |
Non-representatives - add comments:
Amount of income in 2011: $634,215 (it was $376,213 in 2010)
| This organization: | $634,215 |
| Other organizations performing similar types of work: | $65,658 |
Assets in 2011: $950,954 (it was $291,092 in 2010)
| Swan For Life Cancer Foundation: | $950,954 |
| Other organizations performing similar types of work: | $40,980 |
Expenses in 2011: $267,836
| This organization: | $267,836 |
| Other organizations performing similar types of work: | $48,329 |
Income to expenses ratio in 2011: 2.4
| This organization: | 2.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 88.8%
| Swan For Life Cancer Foundation: | 88.8% |
| Other organizations performing similar types of work: | 74.3% |
Revenue 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 | $595,904 | $2,792 | $64,109 | |
| Contributions, gifts, grants, etc., received | $529,399 | |||
| Interest on savings and temporary cash investments | $50 | |||
| Dividends and interest from securities | $346 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $63,713 | |||
| Other | $2,396 | |||
| Total expenses and disbursements | $267,836 | $0 | $23,870 | $242,556 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $267,836 | $0 | $242,556 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $328,068 | |||
| Net investment income | $2,792 | |||
| Adjusted net income | $40,239 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $950,954 | $950,954 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $176,950 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $774,004 | |
| Total liabilities | $17,895 | |
| Mortgages and other notes payable | $0 | |
| Other | $17,895 | |
| Total liabilities and net assets/fund balances | $933,059 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $2,396 |
| 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 | $28 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $28 |
| 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? | Yes |
| 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 | $202,874 |
| Net value of noncharitable-use assets | $199,840 |
| Minimum investment return | $9,992 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| 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 | $9,992 | $7,570 | $26 | $0 | $17,588 |
| Qualifying distributions made directly for active conduct of exempt activities | $242,556 | $195,857 | $0 | $0 | $438,413 |
| Value of all assets | $950,954 | $291,092 | $226,496 | $0 | $1,468,542 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $950,954 | $291,092 | $226,496 | $0 | $1,468,542 |
| 2/3 of minimum investment return | $6,661 | $5,047 | $7,437 | $0 | $19,145 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $593,113 | $283,405 | $223,457 | $0 | $1,099,975 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $593,113 | $252,405 | $200,000 | $0 | $1,045,518 |
| Gross investment income | $2,792 | $168 | $26 | $0 | $2,986 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | World Lung Foundation Inc | 61 Broadway Rm 2800, New York, NY 10006-2819 | NY | 2005-10 | $53,043,738 |
| 2 | Swan For Life Cancer Foundation | PO BOX 81460, Rochester, MI 48308-1460 | MI | 2009-03 | $634,215 |
| 3 | Michigan Institute Of Urology Mens Health Foundation, Miu Mens Health Foundation | 20952 E 12 Mile Rd Ste 200, St Clr Shores, MI 48081-3203 | MI | 2009-04 | $368,462 |
| 4 | Lake House A Gathering Place For Those Touched By Cancer | 26701 Little Mack Ave, St Clr Shores, MI 48081-1843 | MI | 2010-03 | $122,374 |
| 5 | Belinda Sue Fund For Ovarian Cancer Awareness & Research Inc | 2350 Galaxy Way, Lake Orion, MI 48360-1917 | MI | 2012-03 | $109,495 |
| 6 | B Foundation Inc | PO BOX 327, Belding, MI 48809-0327 | MI | 2012-12 | $67,571 |
| 7 | Team Angels | 56780 Hartley Dr E, Shelby Twp, MI 48316-5572 | MI | 2002-12 | $36,536 |
| 8 | Strong Women Of Faith Breast Cancer Support Group | Po Box 8689, Benton Harbor, MI 49022 | MI | 2014-01 | $8,360 |
| 9 | Brain Tumor Foundation Of Michigan | 1362 Kirkway Rd, Bloomfld Hls, MI 48302-1315 | MI | 2014-09 | $1,073 |
| 10 | Zoe Bergen Childhood Cancer Foundation | 49465 Brockton Ct, Chesterfield Townshi, MI 48047-1747 | MI | 2007-03 | $312 |
| 11 | Absenger Cancer Educationfoundation, Amacf | 17212 Van Wagoner Rd Ste A, Spring Lake, MI 49456-9702 | MI | 2015-03 | $0 |
| 12 | Aitch Foundation | 119 N Washington Sq 301, Lansing, MI 48933 | MI | 2011-10 | $0 |
| 13 | Alex Mandarino Foundation | 1409 Wolcott Ave, St Joseph, MI 49085-1760 | MI | 2014-06 | $0 |
| 14 | Alliance For Womens Cancer A Awareness | 30200 Telegraph Rd, Bingham Farms, MI 48025 | MI | 2005-11 | $0 |
| 15 | Angela Snyder Foundation | 8485 Dixie Lane, Dearborn Heights, MI 48127 | MI | 2003-09 | $0 |
| 16 | Brandie Rose Foundation | 1015 Red Dr 2c, Traverse City, MI 49684 | MI | 2008-05 | $0 |
| 17 | Brody Strong Foundation | 21953 Creamery Road, Chassell, MI 49916 | MI | 2015-04 | $0 |
| 18 | Cancer Families United | 230 Colrain Sw St, Wyoming, MI 49548 | MI | 2013-07 | $0 |
| 19 | Cancer Foundation For Hope Inc | 1668 S Telegraph Rd Ste 200, Bloomfld Hls, MI 48302-0016 | MI | 2014-09 | $0 |
| 20 | Childhood Gynecologic Cancer Association Inc | Po Box 3130, Ann Arbor, MI 48106-3130 | MI | 2012-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,888 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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