Whilma B Lee Scholarship Fund Tr in Marcellus, 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
| Whilma B Lee Scholarship Fund Tr | |
| Employer Identification Number (EIN) | 386547465 |
| Name of Organization | Whilma B Lee Scholarship Fund Tr |
| In Care of Name | Donald R France-Trustee-C L Grant |
| Address | PO BOX 247, Marcellus, MI 49067-0247 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 11/1989 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $81,041 |
| Amount of Income | $4,445 |
| Form 990 Revenue Amount | $3,837 |
Non-representatives - add comments:
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 | $3,837 | $3,837 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $3,837 | |||
| Total expenses and disbursements | $10,525 | $1,360 | $0 | $9,165 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,375 | $1,360 | $2,015 | |
| Contributions, gifts, grants paid | $7,150 | |||
| Excess of revenue over expenses and disbursements | $-6,688 | |||
| Net investment income | $2,477 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $74,322 | $74,322 |
| Cash - non-interest-bearing | $10,182 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $64,140 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $74,322 | |
| 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 | $50 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $50 |
| 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? | Yes |
| 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 | $77,682 |
| Net value of noncharitable-use assets | $76,520 |
| Minimum investment return | $3,826 |
| Distributable Amount (for 2011) | |
| Distributable amount | $3,776 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $3,776 |
| 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 | Weston Elementary Pto | 275 Weston St, Imlay City, MI 48444-1228 | MI | 2007-11 | $30,894 |
| 2 | Westown Baseball League Inc | Po Box 503, Midland, MI 48640 | MI | 1958-10 | $47,555 |
| 3 | Westown Jubilee Housing | 724 West Fulton Street, Grand Rapids, MI 49504-6292 | MI | 1993-08 | $297,459 |
| 4 | Westside Cultural & Athletic Club | 3748 Hancock, Detroit, MI 48208 | MI | 1984-09 | $18,606 |
| 5 | Wetmore Family Foundation | PO BOX 75000, Detroit, MI 48275-7874 | MI | 1994-01 | $21,055 |
| 6 | Wetsman Foundation | 132 N Old Woodward, Birmingham, MI 48009-3375 | MI | 1962-06 | $1,221,968 |
| 7 | Wexford County Council On Aging | 117 W Cass Street, Cadillac, MI 49601-2198 | MI | 1989-11 | $1,649,417 |
| 8 | Whaley Memorial Foundation, Whaley Childrens Center Whaley Childrens Center | 1201 North Grandtraves, Flint, MI 48503 | MI | 1942-09 | $4,648,053 |
| 9 | Wheels Trust Organization Inc | 11546 Grand River Rd, Brighton, MI 48116-9547 | MI | 1998-10 | $103,412 |
| 10 | Whelan Family Foundation | 800 Ellair Pl, Grosse Pointe, MI 48230-1901 | MI | 2007-08 | $80,005 |
| 11 | Whilma B Lee Scholarship Fund Tr | PO BOX 247, Marcellus, MI 49067-0247 | MI | 1989-11 | $4,445 |
| 12 | Whirlpool Employees Concession Fund | 151 Riverview Dr, Benton Harbor, MI 49022-3619 | MI | 1942-05 | $2,653 |
| 13 | Whistlestop Park Association | PO BOX 202, Grass Lake, MI 49240-0202 | MI | 1989-12 | $6,488 |
| 14 | Whitby Road Foundation | 333 Ann St, Plymouth, MI 48170-1264 | MI | 2006-07 | $38,213 |
| 15 | White Foundation | 5530 Crabtree Rd, Bloomfield, MI 48301-1200 | MI | 1947-05 | $3,540,804 |
| 16 | White Lake Area Chamber Of Commerce Inc | 124 W Hanson St, Whitehall, MI 49461-1028 | MI | 1985-10 | $264,234 |
| 17 | White Lake Golf Club | 6777 S Shore Dr, Whitehall, MI 49461-9652 | MI | $564,475 | |
| 18 | White Lake Sailing School Inc | PO BOX 454, Whitehall, MI 49461-0454 | MI | 2002-04 | $25,538 |
| 19 | White Lake Senior Center | 8741 Ferry Street, Montague, MI 49437 | MI | 1983-10 | $27,114 |
| 20 | White Lodge Owners Inc | 3630 Colonial Dr, Pinckney, MI 48169-8603 | MI | 1946-08 | $72,374 |
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