The Shirley K Schlafer Foundation in Birmingham, Michigan (MI)

The Shirley K Schlafer Foundation
Employer Identification Number (EIN)	382637259
Name of Organization	The Shirley K Schlafer Foundation
Address	727 Willits St, Birmingham, MI 48009-3309
Activities	Gifts, grants, or loans to other organizations
Subsection	Charitable Organization
Ruling Date	01/1986
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	10/2013
Assets	$5,000,000 to $9,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$7,520,634
Amount of Income	$2,394,713
Form 990 Revenue Amount	$470,800

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$371,557	$371,557	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$12
Dividends and interest from securities	$251,514
Gross rents	$0
Gross sales price for all assets	$2,143,187
Gross profit from sales of goods	$0
Other income	$0
Other	$120,031
Total expenses and disbursements	$548,627	$66,719	$0	$481,908
Compensation of officers, directors, trustees, etc.	$10,016
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$9,985
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$71,712	$66,719		$4,993
Contributions, gifts, grants paid	$476,915
Excess of revenue over expenses and disbursements	$-177,070
Net investment income		$304,838
Adjusted net income			$0

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$7,807,942	$8,144,260	$7,713,251	$8,337,059	$7,520,634	$8,815,528
Cash - non-interest-bearing	$0		$0		$0
Investments-U.S. and state government obligations	$79,353		$169,299		$337,069
Investments-corporate stock	$4,822,227		$4,688,542		$4,413,271
Investments-corporate bonds	$1,494,213		$1,404,949		$1,543,559
Investments-mortgage loans	$802,169		$841,735		$794,763
Investments-other	$228,270		$197,658		$90,331
Other assets			$0		$0
Total liabilities	$453		$268		$268
Mortgages and other notes payable	$0		$0		$0
Other liabilities			$0		$0
Total liabilities and net assets/fund balances	$7,807,489		$7,712,983		$7,520,366

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$213,626	$102,671	$120,031
Net capital loss	$0	$0	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$3,976	$5,926	$3,048
Total credits and payments	$8,070	$12,094	$6,168
Current year estimated tax payments and previous year's overpayment credited to current year	$8,070	$12,094	$6,168
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$0	$0	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0
Tax due		$0	$0
Overpayment		$6,168	$3,120
Amount to be credited to next year's estimated tax	$4,094	$6,168	$3,120

	2011	2012	2013
Statements Regarding Activities
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	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	Yes	Yes	Yes
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	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	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	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	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	No	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	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$8,139,346	$8,064,233	$8,389,552
Net value of noncharitable-use assets		$7,943,270	$8,263,709
Minimum investment return	$400,863	$397,164	$413,185

	2011	2012	2013
Distributable Amount
Distributable amount	$396,887	$391,238	$410,137

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$396,887	$391,238	$410,137
Undistributed income for this year. This amount must be distributed in the next year	$0	$0	$0

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
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

Supplementary Information (for 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$12	$0
Dividends and interest from securities	$251,514	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review

Would you recommend The Shirley K Schlafer Foundation to others? (optional)

Yes

Add photo of The Shirley K Schlafer Foundation (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (3.145.10.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
Blue Water Pregnancy Care Center in Port Huron, MI
Knights Of The Road Motorcycle Club in Detroit, MI
Oakland County Bible Students Inc in Clawson, MI
Mich Volunteer Legionary Corps Of Artillery in Owosso, MI
Ludington Recreation Soccer Board, Ludington Soccer Club in Ludington, MI
Clinton River Ski Club in Boyne City, MI
Rabbit & Small Animal Rescue in Westland, MI
Prison Legal Services Of Michigan Inc in Jackson, MI
Special Dreams Farm in New Baltimore, MI
Believers Community Outreach Center in Macomb Township, MI

Recently Added Reviews

Blue Water Pregnancy Care Center in Port Huron, MI

Knights Of The Road Motorcycle Club in Detroit, MI

Oakland County Bible Students Inc in Clawson, MI

Mich Volunteer Legionary Corps Of Artillery in Owosso, MI

Ludington Recreation Soccer Board, Ludington Soccer Club in Ludington, MI

Clinton River Ski Club in Boyne City, MI

Rabbit & Small Animal Rescue in Westland, MI

Prison Legal Services Of Michigan Inc in Jackson, MI

Special Dreams Farm in New Baltimore, MI

Believers Community Outreach Center in Macomb Township, MI

Id	Name	Address	State	Established	Total Income
Other organizations in Michigan
1	The Port Huron Musicale	1996 Michigan Ave, Marysville, MI 48040-1843	MI	1991-06	$25,231
2	The Quran Institute Of America	4430 Saint James St, Detroit, MI 48210-3502	MI	2006-12	$914,307
3	The Redman Foundation	PO BOX 4215, Troy, MI 48099-4215	MI	2001-02	$4,500
4	The Reid Family Foundation	3159 Alco Dr, Waterford, MI 48329-2203	MI	2001-02	$1,855,952
5	The Robert And Rose Glick Charitable Foundation	PO BOX 1166, Jackson, MI 49204-1166	MI	2000-10	$1,139
6	National Management Association, Robert B Miller College Ch 599	450 North Ave, Battle Creek, MI 49017-3306	MI	2006-08	$4,601,667
7	The Rones Foundation	31710 Ridgeside Dr Apt 1, Farmingtn Hls, MI 48334-1274	MI	1996-08	$59,120
8	The Saugatuck-Douglas Lions Club Charitable Foundation	230 W 19th St, Holland, MI 49423-4132	MI	1988-12	$2,447
9	The Shaevsky Family Foundation	PO BOX 2030 6735 TELEGRAPH RD, Bloomfield Hills, MI 48301-3141	MI	1998-08	$49,320
10	The Sharing Of Blessings Foundation A Michigan Nonprofit Corporation	13425 Windcrest Ln, Grand Haven, MI 49417-9495	MI	2005-08	$68,435
11	The Shirley K Schlafer Foundation	727 Willits St, Birmingham, MI 48009-3309	MI	1986-01	$2,394,713
12	The Sid And Esther Brown Family Foundation	4565 Chamberlain St, East China, MI 48054-3501	MI	2001-02	$57,982
13	The Society For Christian Instruction At Bryon Center	8840 Byron Center Ave Sw, Byron Center, MI 49315-9200	MI	1994-01	$3,131,559
14	Society Of Financial Service Professionals	30600 Northwestern Hwy Room/Suite St 208, Farmington, MI 48334	MI	1978-01	$0
15	The Southern Great Lakes Symphony	PO BOX 445, Trenton, MI 48183-0445	MI	1977-12	$25,484
16	The Southfield Parks And Garden Club Inc	25620 Mulberry Dr, Southfield, MI 48033-2776	MI	2006-08	$5,678
17	The Steve Toth Jr Family Foundation	300 E Maple Rd Ste 350, Birmingham, MI 48009-6319	MI	1996-12	$53,095
18	The Ten Talent Foundation Ltd	2435 Waite Ave, Kalamazoo, MI 49008-2231	MI	1995-08	$1,273,102
19	The Theophil And Amanda Aprill Family Foundation	101 N Main St 7th Fl, Ann Arbor, MI 48104-5507	MI	1991-10	$31,570
20	The Tuesday Musicale Of Detroit	C/O Eric Winter 81 S Edgewood Drive, Grosse Pointe Shores, MI 48236	MI	1945-07	$56,753

NonProfitFacts.com is not associated with, endorsed by, or sponsored by The Shirley K Schlafer Foundation and has no official or unofficial affiliation with The Shirley K Schlafer Foundation