Wachovia 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
| Wachovia Foundation | |
| Employer Identification Number (EIN) | 581485946 |
| Name of Organization | Wachovia Foundation |
| Address | 90 S 7th St Mac N9305-164 Wells Far, Minneapolis, MN 55479-0001 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $33,001,265 |
| Amount of Income | $2,463,073 |
| Form 990 Revenue Amount | $1,256,516 |
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 | $1,256,516 | $1,239,662 | $0 | |
| Contributions, gifts, grants, etc., received | $16,637 | |||
| Interest on savings and temporary cash investments | $642,542 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $217 | |||
| Other | $597,120 | |||
| Total expenses and disbursements | $34,257,426 | $39,425 | $0 | $34,218,001 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $39,425 | $39,425 | $0 | |
| Contributions, gifts, grants paid | $34,218,001 | |||
| Excess of revenue over expenses and disbursements | $-33,000,910 | |||
| Net investment income | $1,200,237 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $355 | $355 |
| Cash - non-interest-bearing | $355 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $355 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $597,120 |
| 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 | $12,002 |
| Total credits and payments | $14,397 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $14,397 |
| 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 | $0 |
| Overpayment | $2,395 |
| 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? | Yes |
| 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 | $16,270,737 |
| Net value of noncharitable-use assets | $16,026,660 |
| Minimum investment return | $801,333 |
| Distributable Amount (for 2011) | |
| Distributable amount | $789,332 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $789,332 |
| 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 | W A T C H, Watch | 608 2nd Ave S Ste 465, Minneapolis, MN 55402-1907 | MN | 1993-12 | $217,233 |
| 2 | W B Millard Memorial Fd Tr 58010350 | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1969-04 | $119,022 |
| 3 | W C Brinkman Memorial Fund | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 2008-03 | $214,723 |
| 4 | W C Heiam Medical Foundation, C-O Allen Wogt | PO BOX 1195, Cook, MN 55723-1195 | MN | 1992-12 | $682,464 |
| 5 | W G Christianson Foundation | 730 2nd Ave S Ste 1300, Minneapolis, MN 55402-2416 | MN | 1993-04 | $1,279,894 |
| 6 | W M Foundation | 80 S Eighth St 1800 Ids Ctr, Minneapolis, MN 55402 | MN | 1968-02 | $495,082 |
| 7 | The W R Hotchkiss Foundation | PO BOX 64235, Saint Paul, MN 55164-0235 | MN | 1962-06 | $2,648,705 |
| 8 | Waamo Relief And Development Org, Abdirazak Idlle | 18663, Minneapolis, MN 55418 | MN | 2006-11 | $26,154 |
| 9 | Wabasha County Fair | 99 Coulee Way, Wabasha, MN 55981-9639 | MN | 2004-08 | $100,062 |
| 10 | Wabasha County Farm Bureau C/O Minnesota Farm Bureau Federation | PO BOX 92, Eyota, MN 55934 | MN | 1965-06 | $0 |
| 11 | Wachovia Foundation | 90 S 7th St Mac N9305-164 Wells Far, Minneapolis, MN 55479-0001 | MN | 1982-10 | $2,463,073 |
| 12 | Waconia Chamber Of Commerce | 209 S Vine St, Waconia, MN 55387-1337 | MN | 1984-01 | $230,547 |
| 13 | Waconia Choir Boosters | 1400 Community Dr, Waconia, MN 55387-1158 | MN | 2009-04 | $313,747 |
| 14 | Waconia Hockey Association Inc | PO BOX 521, Waconia, MN 55387-0521 | MN | 1999-03 | $315,313 |
| 15 | Waconia Nursery School Inc | PO BOX 286, Waconia, MN 55387-0286 | MN | 1972-08 | $63,448 |
| 16 | Wacosa | PO BOX 757, Waite Park, MN 56387-0757 | MN | 1973-02 | $8,071,413 |
| 17 | Wadena Area College Foundation | 405 Colfax Ave Sw, Wadena, MN 56482-1447 | MN | 2008-05 | $28,204 |
| 18 | Wadena Cemetery Association | 1212 8th St Sw, Wadena, MN 56482-2017 | MN | 1949-08 | $23,085 |
| 19 | Wadena Chamber Of Commerce | 5 Aldrich Ave Se, Wadena, MN 56482-1539 | MN | 1945-04 | $111,345 |
| 20 | Wadena Community Center | 20 First Street Se, Wadena, MN 56482 | MN | 1981-07 | $0 |
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