Team Foundation in Bagley, 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
| Team Foundation | |
| Employer Identification Number (EIN) | 061696861 |
| Name of Organization | Team Foundation |
| In Care of Name | Team Industries Inc |
| Address | 105 Park Ave Nw, Bagley, MN 56621-9558 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $293,417 |
| Amount of Income | $547,843 |
| Form 990 Revenue Amount | $415,974 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $440,840 | $500 | $500 | |
| Contributions, gifts, grants, etc., received | $440,340 | |||
| Interest on savings and temporary cash investments | $500 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $252,859 | $0 | $0 | $217,528 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $43,607 | $0 | $8,276 | |
| Contributions, gifts, grants paid | $209,252 | |||
| Excess of revenue over expenses and disbursements | $187,981 | |||
| Net investment income | $500 | |||
| Adjusted net income | $500 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $469,415 | $469,415 |
| 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 | $0 | |
| Other | $469,415 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $469,415 | |
| 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 | $10 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $10 |
| 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 | $331,463 |
| Net value of noncharitable-use assets | $326,500 |
| Minimum investment return | $16,325 |
| Distributable Amount (for 2012) | |
| Distributable amount | $16,315 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $16,315 |
| 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 | Tamarisk Inc | 15531 Central Ave Ne, Ham Lake, MN 55304-5610 | MN | 1993-06 | $45,526 |
| 2 | Tankenoff Families Foundation | 2424 Kennedy St Ne, Minneapolis, MN 55413-2806 | MN | 1998-05 | $862,113 |
| 3 | Tapestry Folkdance Center | 3748 Minnehaha Ave, Minneapolis, MN 55406-2668 | MN | 1983-12 | $172,918 |
| 4 | Tara Mutual Fire Insurance Company | 1102 Broadway, Wheaton, MN 56296-1308 | MN | 1988-03 | $460,584 |
| 5 | Tarek Ibn Ziyad Academy, Zaman Asad U Ceo | 112855 Anthony La, St Anthony, MN 55418 | MN | 2004-04 | $5,825,896 |
| 6 | Target Corporation Credit Union | PO BOX 581426, Minneapolis, MN 55458-1426 | MN | 1944-09 | $2,391,989 |
| 7 | Target Foundation | 33 S Sixth St Cc-1029, Minneapolis, MN 55402-3601 | MN | 1928-12 | $20,103,399 |
| 8 | Taylor Scholarship Tr | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 2001-08 | $87,785 |
| 9 | Teaching Effective Academics And Character At Home | 10250 Jody Ave N, Stillwater, MN 55082-9003 | MN | 1988-02 | $40,132 |
| 10 | Team Academy | 220 17th Ave Ne, Waseca, MN 56093-2753 | MN | 2006-02 | $1,755,883 |
| 11 | Team Foundation | 105 Park Ave Nw, Bagley, MN 56621-9558 | MN | 2003-09 | $547,843 |
| 12 | Team Gilboa Ski Club Of Minnesota | PO BOX 44275, Eden Prairie, MN 55344-1275 | MN | 1987-07 | $547,260 |
| 13 | Team Rochester | 3240 40th Ave Nw, Rochester, MN 55901-1767 | MN | 1991-09 | $155,755 |
| 14 | Team Usa Minnesota Distance Training Center | 4007 Forest Rd, Edina, MN 55416-3851 | MN | 2001-03 | $128,673 |
| 15 | Teamsters 3001 Building Corporation | 3001 University Avenue Se, Minneapolis, MN 55414-3340 | MN | 1994-10 | $415,162 |
| 16 | Teamsters Local 346 Health Fund Trust | 2002 London Rd Ste 300, Duluth, MN 55812-2152 | MN | 1987-05 | $13,051,477 |
| 17 | Teamsters Local No 320 Employee Assistance Fund | 3001 University Ave Se Ste 500, Minneapolis, MN 55414-3345 | MN | 1989-03 | $131,894 |
| 18 | Teatro Del Pueblo Inc | 209 W Page St Ste 208, St Paul, MN 55107-3457 | MN | 1994-07 | $150,067 |
| 19 | Teddy Bear Park Foundation | 120 Wilkins St W, Stillwater, MN 55082-4054 | MN | 2005-09 | $7,502 |
| 20 | Teddy Bears With Two Eyes Inc, Teddy Bears With Two Eyes | 5650 Newell Circle North, Oak Park Heights, MN 55082-5493 | MN | 2000-06 | $4,780 |
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