Myers Foundation Inc in Saint Paul, 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
| Myers Foundation Inc | |
| Employer Identification Number (EIN) | 416022295 |
| Name of Organization | Myers Foundation Inc |
| In Care of Name | Peter Myers |
| Address | 1600 Edgcumbe Rd, Saint Paul, MN 55116-2305 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 11/1954 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| 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 | $1,362,762 |
| Amount of Income | $67,405 |
| Form 990 Revenue Amount | $87,227 |
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 | $67,405 | $67,405 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $16 | |||
| Dividends and interest from securities | $67,322 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $67 | |||
| Total expenses and disbursements | $64,256 | $2,175 | $0 | $60,779 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,306 | $2,175 | $1,829 | |
| Contributions, gifts, grants paid | $58,950 | |||
| Excess of revenue over expenses and disbursements | $3,149 | |||
| Net investment income | $65,230 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,362,762 | $1,330,193 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,327,292 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $19,631 | |
| Other | $15,839 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,362,762 | |
| 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 | $1,305 |
| Total credits and payments | $900 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $900 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $4 |
| Tax due | $409 |
| 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 | $1,329,501 |
| Net value of noncharitable-use assets | $1,309,560 |
| Minimum investment return | $65,478 |
| Distributable Amount (for 2012) | |
| Distributable amount | $64,173 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $64,173 |
| 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 | Musicians In Debut International | 4141 Dupont Ave S, Minneapolis, MN 55409-1430 | MN | 2001-10 | $116,812 |
| 2 | Musikgarten Of Anoka Inc | 1923 3rd Ave, Anoka, MN 55303-2422 | MN | 2001-03 | $31,003 |
| 3 | Muslim Society Of Owatonna | 201 E Front St, Owatonna, MN 55060-2437 | MN | 2014-07 | $171,724 |
| 4 | Muslim Youth Leadership Awards | Po Box 32628, Fridley, MN 55432 | MN | 2004-10 | $0 |
| 5 | Musser Fund | PO BOX 64713, St Paul, MN 55164-0713 | MN | 1993-03 | $6,123,762 |
| 6 | Mwanyagetinge | 5701 Shingle Creek Pkwy Suite 640a, Brooklyn Center, MN 55430 | MN | 2005-04 | $80,529 |
| 7 | Mwhs Boys Hockey Boosters | PO BOX 4, Mound, MN 55364-0004 | MN | 2006-08 | $62,904 |
| 8 | Mwve Fund | 700 Missabe Building, Duluth, MN 55802 | MN | 1968-04 | $1 |
| 9 | My Brothers Keeper | 136 Holmes St S, Shakopee, MN 55379-1329 | MN | 1990-04 | $5,368,049 |
| 10 | My Fathers House Inc | 1315 Portland Ave, Minneapolis, MN 55404-1454 | MN | 2005-04 | $260,325 |
| 11 | Myers Foundation Inc | 1600 Edgcumbe Rd, Saint Paul, MN 55116-2305 | MN | 1954-11 | $67,405 |
| 12 | Mygrowthplan Org Inc | 15805 Holdridge Rd E, Wayzata, MN 55391-2145 | MN | 2004-10 | $27,994 |
| 13 | Myr Inc | 4156 Kindred Way, Lake Elmo, MN 55042 | MN | 2007-07 | $5,378 |
| 14 | Myrtle Bloedow Memorial Fdn | 230 W Superior St, Duluth, MN 55802-1916 | MN | 1966-10 | $63,194 |
| 15 | N C Little Memorial Hospice Inc | 7019 Lynmar Ln, Edina, MN 55435-4122 | MN | 1995-02 | $1,789,810 |
| 16 | Nacel Open Door Inc | 380 Jackson St Ste 200, Saint Paul, MN 55101-4810 | MN | 1983-03 | $17,389,671 |
| 17 | Naeve Hospital Aux | 404 W Fountain St, Albert Lea, MN 56007-2437 | MN | 1950-05 | $114,178 |
| 18 | Naja Temple Hospital Fund | 230 W Superior Street, Duluth, MN 55802-1916 | MN | 1979-10 | $2,845,372 |
| 19 | Nama Karoo Africa Fund | PO BOX 724, Wayzata, MN 55391-0724 | MN | 2005-03 | $24,215 |
| 20 | Namaste Yoga Institute | 1043 Grand Ave, St Paul, MN 55105-3002 | MN | 1975-04 | $3,249 |
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