District 593 Education Foundation in Crookston, 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
| District 593 Education Foundation | |
| Employer Identification Number (EIN) | 411574774 |
| Name of Organization | District 593 Education Foundation |
| Address | 117 S Broadway, Crookston, MN 56716-1952 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2011 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $167,437 |
| Amount of Income | $20,570 |
| Form 990 Revenue Amount | $9,502 |
Non-representatives - add comments:
Revenue 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 | $9,502 | $6,571 | $0 | |
| Contributions, gifts, grants, etc., received | $2,931 | |||
| Interest on savings and temporary cash investments | $170 | |||
| Dividends and interest from securities | $3,382 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Gross sales less returns and allowances | $-11,074 | |||
| Less: Cost of goods sold | $11,074 | |||
| Other income | $0 | |||
| Other | $3,019 | |||
| Total expenses and disbursements | $2,039 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,039 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $7,463 | |||
| Net investment income | $6,571 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $174,900 | $174,900 |
| Cash - non-interest-bearing | $15,228 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $122,757 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $36,915 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $174,900 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,019 |
| 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 | $131 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $131 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | Discovery Public School Of Faribault, 4081 Charter School District | PO BOX 361, Faribault, MN 55021-0361 | MN | 2008-10 | $773,255 |
| 2 | Dispute Resolution Center | 91 Arch St E, Saint Paul, MN 55130-4301 | MN | 1983-06 | $39,536 |
| 3 | District 10 M A H A | 7050 County Road 6 Nw, Princeton, MN 55371-5305 | MN | 1998-12 | $421,101 |
| 4 | District 112 Foundation | PO BOX 51, Chaska, MN 55318-0051 | MN | 1991-12 | $17,339 |
| 5 | District 112 Youth Baseball Association | PO BOX 441, Chaska, MN 55318-0441 | MN | 2003-04 | $156,026 |
| 6 | District 2 Community Council | 1365 Prosperity Ave, Saint Paul, MN 55106-2108 | MN | 1981-05 | $210,647 |
| 7 | District 202 | PO BOX 8139, Saint Paul, MN 55108-0139 | MN | 1994-01 | $312,742 |
| 8 | District 23 Amateur Riders Motorcycle Association | PO BOX 33, Hastings, MN 55033-0033 | MN | 1972-10 | $181,622 |
| 9 | District 284 Youth Hockey Association | 6427 Queensland Ln N, Maple Grove, MN 55311-4518 | MN | 1969-12 | $3,393,604 |
| 10 | District 318 Endowment Fund | 820 Nw First Ave, Grand Rapids, MN 55744 | MN | 1992-05 | $0 |
| 11 | District 593 Education Foundation | 117 S Broadway, Crookston, MN 56716-1952 | MN | 1987-10 | $20,570 |
| 12 | District 5950-5960 Rotary Youth Foundation | 11251 Red Fox Dr, Maple Grove, MN 55369-6328 | MN | 1996-10 | $425,840 |
| 13 | District 6 Of Minnesota Amateur Hockey Association | 200 Highway 13 W Ste 200, Burnsville, MN 55337-2549 | MN | 2003-09 | $372,431 |
| 14 | District 6 Planning Council, 6 | 171 Front Ave, Saint Paul, MN 55117-5323 | MN | 1987-01 | $121,040 |
| 15 | District 742 Local Education & Activities Foundation, District 742 | PO BOX 1132, Saint Cloud, MN 56302-1132 | MN | 1995-06 | $310,084 |
| 16 | District 840 Foundation | PO BOX 509, St James, MN 56081-0509 | MN | 2002-12 | $415,384 |
| 17 | District Council 13 Inc Dba Union Park District Council | 1570 Concordia Ave Ll100, St Paul, MN 55104-4548 | MN | 1983-06 | $144,120 |
| 18 | District One Hospital Auxiliary Inc | 200 State Ave, Faribault, MN 55021-6339 | MN | 1975-03 | $67,196 |
| 19 | Diva Minnesota Inc | PO BOX 3751, Minneapolis, MN 55403-0751 | MN | 2005-06 | $196,503 |
| 20 | Diverse Emerging Music Organization, Demo | Po Box 50252, Minneapolis, MN 55405 | MN | 1999-12 | $0 |
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