Aquatennial Ambassador Foundation in Edina, 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
| Aquatennial Ambassador Foundation | |
| Employer Identification Number (EIN) | 237003814 |
| Name of Organization | Aquatennial Ambassador Foundation |
| In Care of Name | Robert C Perkins |
| Address | 6115 Lincoln Dr Apt 148, Edina, MN 55436-1625 |
| Activities | Other cultural or historical activities, Other school related activities, Gifts or grants to individuals (other than scholarships) |
| Subsection | Charitable Organization |
| Ruling Date | 12/1968 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2012 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $1,771 |
| Amount of Income | $4,550 |
| Form 990 Revenue Amount | $165 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets 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 | $165 | $144 | $144 | |
| Contributions, gifts, grants, etc., received | $21 | |||
| Interest on savings and temporary cash investments | $144 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $8,246 | $0 | $0 | $8,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $246 | $0 | $0 | |
| Contributions, gifts, grants paid | $8,000 | |||
| Excess of revenue over expenses and disbursements | $-8,081 | |||
| Net investment income | $144 | |||
| Adjusted net income | $144 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,463 | $5,463 |
| Cash - non-interest-bearing | $1,963 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,500 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $5,463 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| 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 | $1 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $1 |
| Amount to be credited to 2012 estimated tax | $0 |
| 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? | Yes |
| 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 | $12,207 |
| Net value of noncharitable-use assets | $12,020 |
| Minimum investment return | $601 |
| Distributable Amount (for 2011) | |
| Distributable amount | $600 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $600 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| 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 | Friends Of The Hennepin County Library | 300 Nicollet Mall, Minneapolis, MN 55401-1925 | MN | 1989-08 | $2,557,769 |
| 2 | The Liemandt Foundation | 6275 Preserve Pass S, Cottage Grove, MN 55016-4499 | MN | 2003-06 | $108,307 |
| 3 | The Link | 1210 Glenwood Ave Ste 1, Minneapolis, MN 55405-1415 | MN | 1999-03 | $3,308,936 |
| 4 | The Lundeen Foundation | 107 N Court St, Fergus Falls, MN 56537-2106 | MN | 1978-04 | $174,572 |
| 5 | The Luther Family Foundation | 3701 Alabama Ave S, St Louis Park, MN 55416-5156 | MN | 1995-07 | $2,254,886 |
| 6 | The Lyle And Janis Berman Family Foundation | 3300 Wells Fargo Center 90 So 7th, Minneapolis, MN 55402 | MN | 1995-10 | $257,250 |
| 7 | The M & L Foundation Inc | 23001 Industrial Blvd, Rogers, MN 55374-9566 | MN | 1995-09 | $197,585 |
| 8 | The Mankato Childrens Chorus | PO BOX 3482, Mankato, MN 56002-3482 | MN | 1996-01 | $123,506 |
| 9 | The Mentoring Partnership Of Minnesota | 81 S 9th Street, Minneapolis, MN 55402-3200 | MN | 1997-06 | $889,845 |
| 10 | The Metro Cism Team | 7809 Southtown Center Ste 174, Bloomington, MN 55431-1324 | MN | 1996-12 | $38,318 |
| 11 | Aquatennial Ambassador Foundation | 6115 Lincoln Dr Apt 148, Edina, MN 55436-1625 | MN | 1968-12 | $4,550 |
| 12 | The Minneapolis Community And Technical College Foundation Inc | 1501 Hennepin Ave, Minneapolis, MN 55403-1710 | MN | 1977-01 | $1,800,120 |
| 13 | The Minnesota Academy Of Pediatrics Foundation | 1043 Grand Ave Ste 544, Saint Paul, MN 55105-3002 | MN | 1990-09 | $158,471 |
| 14 | The Minnesota Ffa Foundation Incorporated | PO BOX 365, Plainview, MN 55964-0365 | MN | 1996-05 | $494,330 |
| 15 | The Minnesota Legionnaire Inc | 20 W 12th St No 300a, St Paul, MN 55155-2002 | MN | 1946-03 | $319,997 |
| 16 | The Minnesota Nursing Home Social Workers Association Inc | 13384, Woodland Ln, MN 55319 | MN | 1980-04 | $0 |
| 17 | The Minnesota Prairie Chicken Society | 15337 28th Ave S, Glyndon, MN 56547-9561 | MN | 1995-08 | $253,085 |
| 18 | The Morning Foundation, Holman Thomas H Jr Ttee | 85 Langford Park, Saint Paul, MN 55108-1913 | MN | 1997-03 | $3,160,406 |
| 19 | The Mortenson Family Foundation | 700 Meadow Ln N, Minneapolis, MN 55422-4837 | MN | 2001-07 | $2,018,710 |
| 20 | The Mullen Flynn Foundation | 1122 Orchard Cir, St Paul, MN 55118-4146 | MN | 1997-12 | $27,295 |
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