Youth Foundation Of America in Petoskey, 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
| Youth Foundation Of America | |
| Employer Identification Number (EIN) | 386090960 |
| Name of Organization | Youth Foundation Of America |
| Address | PO BOX 2068, Petoskey, MI 49770-2068 |
| Activities | Camp, Training in sports |
| Subsection | Charitable Organization |
| Ruling Date | 10/1950 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,800,167 |
| Amount of Income | $95,132 |
| Form 990 Revenue Amount | $98,560 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $134,525 | $16,068 | $0 | |
| Contributions, gifts, grants, etc., received | $118,457 | |||
| Interest on savings and temporary cash investments | $5,808 | |||
| Dividends and interest from securities | $10,260 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $198,572 | $8,600 | $0 | $179,398 |
| Compensation of officers, directors, trustees, etc. | $75,000 | |||
| Total operating and administrative expenses | $99,572 | $0 | $80,398 | |
| Contributions, gifts, grants paid | $99,000 | |||
| Excess of revenue over expenses and disbursements | $-64,047 | |||
| Net investment income | $7,468 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,916,442 | $1,916,442 |
| Cash - non-interest-bearing | $98,136 | |
| Investments-U.S. and state government obligations | $128,835 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $60,148 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,629,323 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,916,442 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $149 |
| Total credits and payments | $149 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $149 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| 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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $1,835,870 |
| Net value of noncharitable-use assets | $1,808,540 |
| Minimum investment return | $90,427 |
| Distributable Amount (for 2012) | |
| Distributable amount | $90,268 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $90,268 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | 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 | Youth For Christ Usa Inc, Central Michigan | 2550 W Cheesman Rd, Alma, MI 48801-8705 | MI | 1954-09 | $1,239,129 |
| 2 | East Michigan Youth For Christ Inc, East Michigan | PO BOX 610533, Port Huron, MI 48061-0533 | MI | 1972-11 | $190,509 |
| 3 | Youth For Christ Usa Inc, Grand Rapids | 1345 Monroe Ave Nw Ste 320, Grand Rapids, MI 49505-4673 | MI | 1972-11 | $1,113,154 |
| 4 | Youth For Christ Usa Inc, Greater Lansing Youth For Christ | 5222 Dumond Ct, Lansing, MI 48917-6009 | MI | 1954-09 | $648,786 |
| 5 | Youth For Christ Usa Inc, Kalamazoo Area | 122 W Crosstown Pkwy, Kalamazoo, MI 49001-2742 | MI | 1954-09 | $1,069,850 |
| 6 | Youth For Christ Usa Inc, Ottawa And Allegan Counties | PO BOX 2121, Holland, MI 49422-2121 | MI | 1954-09 | $685,686 |
| 7 | Youth For Christ Usa Inc, Southwest Michigan | PO BOX 382, Sturgis, MI 49091-0382 | MI | 1954-09 | $280,042 |
| 8 | Youth For Christ Usa Inc, Great Lakes Bay | PO BOX 5420, Saginaw, MI 48603-0420 | MI | 1954-09 | $116,477 |
| 9 | Youth For Christ Usa Inc, West Shore | 605 N Rath Ave, Ludington, MI 49431-1373 | MI | 1972-11 | $68,330 |
| 10 | Youth For Christ Usa Inc, Yfc Detroit | PO BOX 40801, Detroit, MI 48240-0801 | MI | 1954-09 | $443,832 |
| 11 | Youth Foundation Of America | PO BOX 2068, Petoskey, MI 49770-2068 | MI | 1950-10 | $95,132 |
| 12 | Youth Haven | PO BOX 97, Rives Jct, MI 49277-0097 | MI | 1969-06 | $1,776,495 |
| 13 | Youth Karate-Ka Association, Dora King Dir | G5339 N Saginaw St, Flint, MI 48505-1537 | MI | 2004-09 | $177,800 |
| 14 | Youth On The Move For Jesus Christ | 2196 Woodrow Wilson Blvd, West Bloomfield, MI 48324 | MI | 1994-10 | $150 |
| 15 | Ypsilanti Area Chamber Of Commerce | 301 W Michigan Ave Ste 101, Ypsilanti, MI 48197-5450 | MI | 1944-10 | $276,296 |
| 16 | Ann Arbor-Ypsilanti Regional Chamber Foundation | 115 West Huron Street 3rd Floor, Ann Arbor, MI 48104-1318 | MI | 1999-10 | $97,951 |
| 17 | Ypsilanti Area Visitors And Convention Bureau Inc | 106 W Michigan Ave, Ypsilanti, MI 48197-5439 | MI | 1996-01 | $1,264,661 |
| 18 | Ypsilanti Automotive Heritage Museum | 100 E Cross St, Ypsilanti, MI 48198-2936 | MI | 2004-06 | $82,101 |
| 19 | Ypsilanti Choral Association Inc | 2095 Packard Rd, Ypsilanti, MI 48197-1833 | MI | 1988-04 | $93,850 |
| 20 | Ypsilanti Cooperative Preschool Inc | 1110 W Cross Street, Ypsilanti, MI 48197 | MI | 1989-08 | $0 |
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