Wolohan Family Foundation in Saginaw, Michigan (MI)

Organization representatives - add corrected or new information about Wolohan Family Foundation »

Non-representatives - add comments about Wolohan Family Foundation»

Wolohan Family Foundation
Employer Identification Number (EIN)382700797
Name of OrganizationWolohan Family Foundation
Address5291 Colony Dr N Ste 1, Saginaw, MI 48638-7197
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date02/1987
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$26,824,128
Amount of Income$1,320,914
Form 990 Revenue Amount$-1,844


Non-representatives - add comments:


CAPTCHA

Your IP address 52.91.0.68 will be logged.

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$1,499,422$1,381,455$0
Contributions, gifts, grants, etc., received$21,000
Interest on savings and temporary cash investments$0
Dividends and interest from securities$426,757
Gross rents$0
Gross sales price for all assets$995,051
Gross profit from sales of goods$0
Other income$-121,894
Other$1,173,559
Total expenses and disbursements$1,324,836$306,173$0$1,028,497
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$3,095
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$1,664
Printing and publications$0
Total operating and administrative expenses$299,636$306,173$3,297
Contributions, gifts, grants paid$1,025,200
Excess of revenue over expenses and disbursements$174,586
Net investment income$1,075,282
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$15,468,491$17,980,751$23,671,634$23,671,634$26,824,128$26,849,427
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$15,462,573$23,668,716$26,796,710
Other assets$2,918$27,418
Total liabilities$0$0$0
Total liabilities and net assets/fund balances$15,468,491$23,671,634$26,824,128
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$2,845,269$1,173,559
Net capital loss$-314,353$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$4,415$31,564$21,506
Total credits and payments$11,209$41,786$51,942
Current year estimated tax payments and previous year's overpayment credited to current year$11,209$16,786$51,942
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$25,000$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$8$0$1
Tax due$0$0
Overpayment$10,222$30,435
Amount to be credited to next year's estimated tax$6,786$10,222$25,000
Statements Regarding Activities
201120122013
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
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?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
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?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
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?NoNo
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?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
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?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
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?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
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?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?YesYesNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
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?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?YesNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$19,659,320$21,217,351$25,032,856
Net value of noncharitable-use assets$20,899,091$24,657,363
Minimum investment return$968,222$1,044,955$1,232,868
Distributable Amount
201120122013
Distributable amount$963,807$1,013,391$1,211,362
Undistributed Income
201120122013
Distributable amount for this year$963,807$1,013,391$1,211,362
Undistributed income for this year. This amount must be distributed in the next year$959,907$996,489$1,179,354
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$395,606$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$-32,696$0$-32,696
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$-32,696$0$-32,696
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-32,696
Unrelated business taxable income before net operating loss deduction$-32,696
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-32,696
Specific deduction$1,000
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 Wolohan Family Foundation to others? (optional)
  
Add photo of Wolohan Family Foundation (optional)

About You

Your nickname:

Optional Verification

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

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Other organizations in Michigan
IdNameAddressStateEstablishedTotal Income
1Valley Residential Services IncPO BOX 186, Saint Charles, MI 48655-0186MI1992-07$6,923,220
2Vanderweide Family Foundation126 Ottawa Ave Nw Ste 500, Grand Rapids, MI 49503-2882MI1992-05$12,914,492
3Visiting Nurse Services Of Michigan401 S Ballengwe Hwy, Flint, MI 48532MI2000-07$86,118,932
4Volunteer Resources Inc20500 Eureka Rd Suite 110, Taylor, MI 48180MI2000-07$0
5Volunteers In Service VisPO BOX 8215, Grand Rapids, MI 49518-8215MI1993-12$172,219
6Western Michigan Fair AssociationPO BOX 153, Scottville, MI 49454-0153MI2002-12$285,010
7Wexford Medical GroupPO BOX 1188, Traverse City, MI 49685-1188MI2001-08$125,113
8Wheatland Music OrgPO BOX 22, Remus, MI 49340-0022MI1978-03$937,182
9Wheeler Family Foundation Inc201 W Big Beaver Rd Ste 1420, Troy, MI 48084-4120MI1998-02$469,962
10Whitney Young Village Inc2687 44th St Se, Kentwood, MI 49512MI1974-11$267
11Wolohan Family Foundation5291 Colony Dr N Ste 1, Saginaw, MI 48638-7197MI1987-02$1,320,914
12Womens Center Inc1310 S Front St, Marquette, MI 49855-5185MI1981-03$825,804
13Womens Opportunity House8405 W St Joseph Hwy, Lansing, MI 48917-8807MI1994-09$62,491
14Word Investments Inc4079 Park East Ct Se Ste 2, Grand Rapids, MI 49546-8815MI1984-04$2,249,368
15Workmens Circle Educational Centre15110 West Ten Mile Road, Oak Park, MI 48237MI1945-10$40,817
16Wyandotte Boat Club1 Pine St, Wyandotte, MI 48192-6263MI1943-11$363,275
17Young Mens Christian Association Benton Harbor St Joseph3665 Hollywood Rd, St Joseph, MI 49085-9581MI1937-11$2,593,739
18Young Mens Christian Association Of Flint411 E 3rd St, Flint, MI 48503-2006MI1943-11$6,488,173
19Young Mens Christian Association Of Lansing Mich119 N Washington Square, Lansing, MI 48933-1676MI1942-08$9,797,196
20Young Womens Christian Association Of Metropolitan Detroit985 E Jefferson, Detroit, MI 48207-3127MI1938-06$3,047,051

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Wolohan Family Foundation and has no official or unofficial affiliation with Wolohan Family Foundation