Sarah Stevens Mcmillan Foundation in Minneapolis, 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
| Sarah Stevens Mcmillan Foundation | |
| Employer Identification Number (EIN) | 411830212 |
| Name of Organization | Sarah Stevens Mcmillan Foundation |
| Address | PO BOX 5628, Minneapolis, MN 55440-5628 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $3,976,065 |
| Amount of Income | $281,359 |
| Form 990 Revenue Amount | $204,116 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Philanthropy, Voluntarism, and Grantmaking Foundations (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $204,116 | $256,679 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $16 | |||
| Dividends and interest from securities | $175,517 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $81,146 | |||
| Total expenses and disbursements | $361,182 | $73,992 | $0 | $282,290 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $81,182 | $73,992 | $2,290 | |
| Contributions, gifts, grants paid | $280,000 | |||
| Excess of revenue over expenses and disbursements | $-157,066 | |||
| Net investment income | $182,687 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,976,065 | $5,595,135 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $4,199,670 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $3,976,065 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-52,563 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $3,654 |
| Total credits and payments | $6,549 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $5,549 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $1,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $2,895 |
| Amount to be credited to 2012 estimated tax | $2,895 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $5,992,155 |
| Net value of noncharitable-use assets | $5,902,280 |
| Minimum investment return | $295,114 |
| Distributable Amount (for 2011) | |
| Distributable amount | $291,460 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $291,460 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $267,027 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Sanbe Foundation | 3303 33rd Ave Ne, Saint Anthony, MN 55418 | MN | 1991-02 | $0 |
| 2 | Sanborn Community Development Inc | PO BOX 307, Sanborn, MN 56083-0307 | MN | 1975-06 | $242,478 |
| 3 | Sanborn Community Housing Inc | 201 North Broad St Suite 109, Mankato, MN 56601 | MN | 1976-11 | $38,135 |
| 4 | Hope United Community Development Corporation | 1201 37th Ave N, Minneapolis, MN 55412-2005 | MN | 2004-05 | $109,768 |
| 5 | Sanctuary-A Center For Psychotherap Spiritual Direction & Education | 2451 Fairview Ln, Mound, MN 55364-1756 | MN | 2000-06 | $26,215 |
| 6 | Sand Lake Shuffle | PO BOX 487, Virginia, MN 55792-0487 | MN | 2007-07 | $70,371 |
| 7 | Sandcreek Parent Teacher Organization | 12156 Olive Street Nw, Coon Rapids, MN 55448 | MN | 2007-03 | $0 |
| 8 | Sandstone Sportsmen Club | Po Box 443, Sandstone, MN 55072 | MN | 2001-11 | $14,160 |
| 9 | Sarah Allen Covenant House | 1221 7th Avenue N, Minneapolis, MN 55411-3925 | MN | 2007-01 | $0 |
| 10 | Sarah Family Ministries | 919 Armstrong Ave W, Saint Paul, MN 55102 | MN | 1987-05 | $17,238 |
| 11 | Sarah Stevens Mcmillan Foundation | PO BOX 5628, Minneapolis, MN 55440-5628 | MN | 1996-06 | $281,359 |
| 12 | Sartell Area Chamber Of Commerce | PO BOX 82, Sartell, MN 56377-0082 | MN | 2006-02 | $105,109 |
| 13 | Sartell Music Association | Po Box 242, Sartell, MN 56377 | MN | 1987-07 | $0 |
| 14 | Sartell Sapphire Gymnastics Inc | PO BOX 196, Sartell, MN 56377-0196 | MN | 2002-10 | $90,837 |
| 15 | Sartell Senior Housing Inc | 2550 University Ave West, St Paul, MN 55114-1052 | MN | 2007-05 | $226,492 |
| 16 | Sartell Supportive Housing Inc | 2550 University Ave West, St Paul, MN 55114-1052 | MN | 2008-01 | $97,466 |
| 17 | Sartell Youth Recreation Center Assoc | 1109 1st St S, Sartell, MN 56377-1952 | MN | 2003-05 | $528,108 |
| 18 | Sartell-St Stephen Educational Foundation | PO BOX 258, Sartell, MN 56377-0258 | MN | 1998-03 | $80,383 |
| 19 | Sarx | 11671 Oakview Ct, Champlin, MN 55316-2624 | MN | 2008-08 | $112,065 |
| 20 | Singles All Together Sat, Sat Sat | 6200 Colonial Way, Edina, MN 55337 | MN | 1978-10 | $0 |
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