Winter Wheat Foundation in Lakeville, 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
- Organizations performing similar types of work
| Winter Wheat Foundation | |
| Employer Identification Number (EIN) | 061762880 |
| Name of Organization | Winter Wheat Foundation |
| In Care of Name | John T Weinel |
| Address | 9928 Oak Shore Dr, Lakeville, MN 55044-7655 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,352,376 |
| Amount of Income | $744,766 |
| Form 990 Revenue Amount | $147,523 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $744,766 (it was $152,372 in 2012)
| Winter Wheat Foundation: | $744,766 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $2,352,376 (it was $2,301,281 in 2012)
| This organization: | $2,352,376 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $145,725
| This organization: | $145,725 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 5.1
| This organization: | 5.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
| Winter Wheat Foundation: | 0.0% |
| Other organizations performing similar types of work: | 22.8% |
Revenue for 2012
Expenses for 2012
Assets 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 | $69,722 | $71,940 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $9,402 | |||
| Dividends and interest from securities | $60,154 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,384 | |||
| Total expenses and disbursements | $145,725 | $36,445 | $0 | $102,943 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $42,782 | $36,445 | $0 | |
| Contributions, gifts, grants paid | $102,943 | |||
| Excess of revenue over expenses and disbursements | $-76,003 | |||
| Net investment income | $35,495 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,301,281 | $2,692,487 |
| Cash - non-interest-bearing | $46,884 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,678,953 | |
| Investments-corporate bonds | $266,655 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $308,789 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $2,301,281 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-2,218 |
| 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 | $710 |
| Total credits and payments | $2,750 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,750 |
| 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 |
| Tax due | $0 |
| Overpayment | $2,040 |
| Amount to be credited to 2013 estimated tax | $2,040 |
| 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 | $2,601,870 |
| Net value of noncharitable-use assets | $2,562,840 |
| Minimum investment return | $128,142 |
| Distributable Amount (for 2012) | |
| Distributable amount | $127,432 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $127,432 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $127,432 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | U S Bancorp Foundation | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1979-09 | $50,940,469 |
| 2 | Slaggie Family Foundation | 111 Market St Ste 3b, Winona, MN 55987-5532 | MN | 1999-10 | $17,617,109 |
| 3 | The Wendel Foundation | 2100 Highway 55 # 300, Hamel, MN 55340-9770 | MN | 1988-01 | $13,564,614 |
| 4 | Travelers Foundation | 385 Washington St Mc Nb10t, St Paul, MN 55102-1309 | MN | 1999-01 | $8,033,563 |
| 5 | Frank J Maslowski And Eleanor A Maslowski Charitable Trust | 9121 Baltimore St Ne, Blaine, MN 55449-4338 | MN | 2011-02 | $6,739,734 |
| 6 | Torgerson Family Foundation | 465 Peavey Rd, Wayzata, MN 55391-1544 | MN | 2013-02 | $4,557,986 |
| 7 | Julie And Doug Baker Jr Foundation | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 2013-08 | $4,410,205 |
| 8 | Seth Foundation Inc | 16910 41st Ave N, Plymouth, MN 55446-2359 | MN | 2012-09 | $3,815,648 |
| 9 | Rrw & Florence Berglund Family Fdtn | 665 Snelling Ave N, Saint Paul, MN 55104-1839 | MN | 2004-10 | $3,775,540 |
| 10 | Laurence H Dorcy Hawaiian Foundation | 5959 Centerville Rd Ste 260, North Oaks, MN 55127-6811 | MN | 2013-06 | $3,025,035 |
| 11 | Freshwater Foundation | 2500 Shadywood Rd, Excelsior, MN 55331-6201 | MN | 2010-06 | $2,742,125 |
| 12 | Camara-Press Foundation | 3515 Green Ridge Rd, Minnetonka, MN 55305-4445 | MN | 2011-04 | $2,419,384 |
| 13 | Cedar Foundation | 50 S Sixth St Ste, Minneapolis, MN 55402-1540 | MN | 2013-08 | $1,650,000 |
| 14 | Guilder Foundation | 50 South Sixth St Ste, Minneapolis, MN 55402-1540 | MN | 2013-08 | $1,650,000 |
| 15 | P M Allen Family Foundation | 50 South Sixth St Ste, Minneapolis, MN 55402-1540 | MN | 2013-08 | $1,650,000 |
| 16 | Arctos Foundation | 5201 Kellogg Ave, Minneapolis, MN 55424-1304 | MN | 2010-07 | $1,638,615 |
| 17 | Cedarwoods Foundation | PO BOX 581967, Minneapolis, MN 55458-1967 | MN | 2014-02 | $1,532,905 |
| 18 | St Agnes Catholic Educationfoundation | 7040 Willow Creek Rd, Eden Prairie, MN 55344-3224 | MN | 2007-10 | $1,430,119 |
| 19 | G2 Foundation | 26340 Sloth St Nw, Zimmerman, MN 55398-4018 | MN | 2011-02 | $1,348,143 |
| 20 | Seba Foundation | 16523 Black Oaks Cir, Wayzata, MN 55391-4515 | MN | 2003-02 | $1,290,565 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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