Wings Financial Advisors Foundation in Apple Valley, 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
| Wings Financial Advisors Foundation | |
| Employer Identification Number (EIN) | 205801321 |
| Name of Organization | Wings Financial Advisors Foundation |
| In Care of Name | Nwafcu Financial Services Llc |
| Address | 14985 Glazier Ave, Apple Valley, MN 55124-7484 |
| Subsection | Charitable Organization |
| Ruling Date | 02/1999 |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $214,866 |
| Amount of Income | $602 |
| Form 990 Revenue Amount | $602 |
Non-representatives - add comments:
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 | $602 | $0 | $602 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $602 | |||
| Total expenses and disbursements | $51,025 | $0 | $0 | $51,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $25 | $0 | $0 | |
| Contributions, gifts, grants paid | $51,000 | |||
| Excess of revenue over expenses and disbursements | $-50,423 | |||
| Net investment income | $0 | |||
| Adjusted net income | $602 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $214,866 | $214,866 |
| Cash - non-interest-bearing | $214,866 | |
| 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 | $214,866 | |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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 | $230,493 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $602 | $0 | $0 | $0 | $602 |
| Qualifying distributions made directly for active conduct of exempt activities | $51,000 | $0 | $18,000 | $38,000 | $107,000 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $8,761 | $8,991 | $17,752 |
| 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 | Tribute To The Troops, Tribute To The Troops Minnesota | PO BOX 272, Circle Pines, MN 55014-0272 | MN | 2006-11 | $118,435 |
| 2 | Two Harbors Volunteer Firemens Relief Association | 522 1st Ave, Two Harbors, MN 55616-1504 | MN | 2014-08 | $74,687 |
| 3 | United Association Of Storm Restoration Contractors | 8487 78st Court South, Cottage Grove, MN 55016 | MN | 2013-10 | $341,721 |
| 4 | Upper Midwest Association Of Collegiate Registrars And Admissio | Registrars Admissions Officers, Winona, MN 55987 | MN | 2014-01 | $45,246 |
| 5 | Vadnais Heights Firefighters Relief Association | 3595 Arcade St, Vadnais Hts, MN 55127-7135 | MN | 2013-09 | $5,945,354 |
| 6 | Waseca Fire Department Relief | 117 2nd Ave Se, Waseca, MN 56093-3040 | MN | 2013-01 | $323,557 |
| 7 | Westbrook Fireman Relief Assoc | PO BOX 367, Westbrook, MN 56183-0367 | MN | 2013-08 | $197,734 |
| 8 | Westonka Community & Commerce Inc | 5211 Shoreline Dr, Mound, MN 55364-1770 | MN | 2013-11 | $13,576 |
| 9 | Woodbury Firefighters Benefit Association | 2100 Radio Dr, Woodbury, MN 55125-9598 | MN | 2014-11 | $357,074 |
| 10 | Parent Booster Usa Inc, Eden Prairie Band Parent Organization | 8748 Cottonwood Lane, Eden Prairie, MN 55347 | MN | 2005-10 | $75,173 |
| 11 | Wings Financial Advisors Foundation | 14985 Glazier Ave, Apple Valley, MN 55124-7484 | MN | 1999-02 | $602 |
| 12 | Corn Capital Days Inc | 908 W Lincoln, Olivia, MN 56277 | MN | 1991-12 | $17,668 |
| 13 | Beta Phi Mu | 2004 Randolph Ave No 4125, Saint Paul, MN 55105 | MN | 1974-07 | $0 |
| 14 | Riski - The A&h Reinsurance Ski Club Of North America Inc | 10 S 5th St Ste 1108, Minneapolis, MN 55402-1036 | MN | 2013-11 | $0 |
| 15 | Future Farmers Of America | 875 Barstad Rd, Cottonwood, MN 56229 | MN | 1945-01 | $0 |
| 16 | Chi Omega Fraternity, Pi Beta Ch Of Chi Omega Fraternity | Chi Omega Suite 326 Se 17th Ave, Minneapolis, MN 55414 | MN | 1940-12 | $208,799 |
| 17 | Gennext | 500 Minimizer Way, Blmng Prairie, MN 55917-1436 | MN | 2014-09 | $53,900 |
| 18 | Knights Of Columbus, 15761 Msg Oshea | 650 Ridgewood Rd, Duluth, MN 55804-1855 | MN | 1940-10 | $9,965 |
| 19 | Minnesota Ski Areas Association | 1711 County Road B W Ste 207s, Saint Paul, MN 55113-4084 | MN | 2015-03 | $150,710 |
| 20 | Parent Booster Usa Inc, Maple Grove Robotics Booster Club | 18596 82nd Pl N, Maple Grove, MN 55311-1630 | MN | 2005-10 | $8,384 |
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