B K Whitney Fund in Minnetonka, Minnesota (MN)
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 Minnesota
| B K Whitney Fund | |
| Employer Identification Number (EIN) | 411465414 |
| Name of Organization | B K Whitney Fund |
| Address | 601 Carlson Pkwy Ste 800, Minnetonka, MN 55305-5229 |
| Activities | Community Chest, United Way, etc., Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $221,560 |
| Amount of Income | $41,987 |
| Form 990 Revenue Amount | $40,512 |
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 | $15,785 | $15,785 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $6,620 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $9,165 | |||
| Total expenses and disbursements | $67,176 | $553 | $0 | $66,251 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,176 | $553 | $1,251 | |
| Contributions, gifts, grants paid | $65,000 | |||
| Excess of revenue over expenses and disbursements | $-51,391 | |||
| Net investment income | $15,232 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $221,560 | $256,393 |
| Cash - non-interest-bearing | $5,477 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $202,343 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $13,740 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $221,560 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $9,165 |
| 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 | $152 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $152 |
| 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 | $276,005 |
| Net value of noncharitable-use assets | $271,860 |
| Minimum investment return | $13,593 |
| Distributable Amount (for 2012) | |
| Distributable amount | $13,441 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $13,441 |
| 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 Minnesota | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Avera Marshall Foundation | 300 S Bruce St, Marshall, MN 56258-1934 | MN | 1994-11 | $2,638,410 |
| 2 | Aveyron Homes Inc | 222 5th Ave Nw, Hutchinson, MN 55350-1634 | MN | 1976-09 | $3,514,573 |
| 3 | Aviation Foundation Of America Co Gregory Herrick | 121 Fifth Ave Nw, New Brighton, MN 55112 | MN | 2002-07 | $0 |
| 4 | Avocet Foundation | 1660 S Hwy 100 Parkdale Plaza No, St Louis Park, MN 55416 | MN | 1997-07 | $1,457,060 |
| 5 | Avon Area Chamber Of Commerce | PO BOX 293, Avon, MN 56310 | MN | 1991-03 | $0 |
| 6 | Avon Firemens Relief Association | PO BOX 244, Avon, MN 56310-0244 | MN | 1997-10 | $116,578 |
| 7 | Awmin-African American Women-Men In Need Inc | 4525 1st Ave S, Minneapolis, MN 55419-5001 | MN | 2003-01 | $6,103 |
| 8 | Az-1 Inc | 75351 255th St, Clarks Grove, MN 56016-4090 | MN | 2009-02 | $90,360 |
| 9 | Azteca Soccer League | 1779 3rd St Nw, Minneapolis, MN 55112 | MN | 2005-12 | $159,155 |
| 10 | B & H Way Foundation | 721 Rice St E, Wayzata, MN 55391-1722 | MN | 2000-03 | $740,245 |
| 11 | B K Whitney Fund | 601 Carlson Pkwy Ste 800, Minnetonka, MN 55305-5229 | MN | 1983-12 | $41,987 |
| 12 | B W Stephenson Tuw Mpls Fdn 2931-A | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1952-02 | $18,226 |
| 13 | B Williams T U A C Scholarship Trust | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1990-11 | $54,680 |
| 14 | B Williams T U B A Charitable Trust | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1990-11 | $465,367 |
| 15 | B-Dale Club | 2100 Dale St N, Roseville, MN 55113-6461 | MN | 1979-01 | $466,838 |
| 16 | Babbitt Golf Association | PO BOX 246, Babbitt, MN 55706-0246 | MN | 1965-04 | $128,439 |
| 17 | Babbitt Steelworkers Credit Union | 24 Commerce Rd, Babbitt, MN 55706-1116 | MN | 1944-09 | $474,820 |
| 18 | Babbitt-Embarrass Area Development Association | 71 South Dr, Babbitt, MN 55706-1232 | MN | 1984-03 | $167,573 |
| 19 | Babys Space - A Place To Grow | 2438 18th Ave S, Minneapolis, MN 55404-4006 | MN | 2006-04 | $1,742,256 |
| 20 | Bach Society Of Minnesota | 1043 Grand Avenue 229, St Paul, MN 55105-3002 | MN | 1966-10 | $70,363 |
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