Ersa L Rice Educational Foundation in Saint Paul, Minnesota (MN)

Ersa L Rice Educational Foundation
Employer Identification Number (EIN)	436309301
Name of Organization	Ersa L Rice Educational Foundation
Address	PO BOX 64713, Saint Paul, MN 55164-0713
Activities	Gifts, grants, or loans to other organizations
Subsection	Educational Organization
Ruling Date	09/1986
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Trust
Exempt Organization Status	Unconditional Exemption
Tax Period	03/2014
Assets	$500,000 to $999,999
Income	$100,000 to $499,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$650,050
Amount of Income	$460,251
Form 990 Revenue Amount	$65,665

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Expenses for 2014

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2014)
Total revenue	$131,669	$131,466	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$1
Dividends and interest from securities	$18,350
Gross rents	$0
Gross sales price for all assets	$441,697
Gross profit from sales of goods	$0
Other income	$203
Other	$113,115
Total expenses and disbursements	$20,824	$13,464	$0	$7,360
Compensation of officers, directors, trustees, etc.	$20,419
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$0
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$20,824	$13,464		$7,360
Contributions, gifts, grants paid	$0
Excess of revenue over expenses and disbursements	$110,845
Net investment income		$118,002
Adjusted net income			$0

	2012		2013		2014
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$538,506	$653,657	$538,300	$672,752	$650,050	$708,482
Cash - non-interest-bearing	$0		$0		$0
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$483,492		$479,330		$466,274
Investments-corporate bonds	$49,821		$49,821		$152,200
Investments-mortgage loans	$0		$0		$0
Investments-other	$0		$0		$0
Other assets			$0		$504
Total liabilities	$0		$0		$355
Mortgages and other notes payable	$0		$0		$0
Other liabilities			$0		$355
Total liabilities and net assets/fund balances	$538,506		$538,300		$649,695

	2012	2013	2014
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$49,047	$28,310	$113,115
Net capital loss	$0	$0	$0

	2012	2013	2014
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$570	$381	$2,360
Total credits and payments	$1,345	$572	$191
Current year estimated tax payments and previous year's overpayment credited to current year	$1,345	$572	$191
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$0	$0	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$3
Tax due		$0	$2,172
Overpayment		$191	$0
Amount to be credited to next year's estimated tax	$572	$191	$0

	2012	2013	2014
Statements Regarding Activities
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	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2012	2013	2014
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	Yes	Yes	Yes
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	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	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	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	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	No	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	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2012	2013	2014
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$652,027	$653,939	$685,289
Net value of noncharitable-use assets		$644,130	$675,010
Minimum investment return	$32,112	$32,207	$33,751

	2012	2013	2014
Distributable Amount
Distributable amount	$31,542	$31,826	$31,391

	2012	2013	2014
Undistributed Income
Distributable amount for this year	$31,542	$31,826	$31,391
Undistributed income for this year. This amount must be distributed in the next year	$0	$0	$2,389

	2014	2013	2012	2011	Total
Private Operating Foundations (for 2011 - 2014)
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

Supplementary Information (for 2014)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2014)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$1	$0
Dividends and interest from securities	$18,350	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review

Would you recommend Ersa L Rice Educational Foundation to others? (optional)

Yes

Add photo of Ersa L Rice Educational Foundation (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (3.141.7.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
Twin Cities Mobile Jazz Project in Saint Paul, MN
Thanksgiving Meals On Wheels Inc in Saint Paul, MN
Empower Nepal Foundation in Saint Paul, MN
Midwest Vipassana Association, Minnesota Vipassana Association in Saint Paul, MN
Veterans Of Foreign Wars Post 2766 in Breckenridge, MN
Stalker Lake Sportsmens Club Inc in Dalton, MN
Riverside Cemetery Association in Breckenridge, MN
Cuyuna Range Housing Inc in Ironton, MN
Pets Abandoned Wanting Support in Motley, MN
Urban Agriculture International Program Inc in St Paul, MN

Recently Added Reviews

Twin Cities Mobile Jazz Project in Saint Paul, MN

Thanksgiving Meals On Wheels Inc in Saint Paul, MN

Empower Nepal Foundation in Saint Paul, MN

Midwest Vipassana Association, Minnesota Vipassana Association in Saint Paul, MN

Veterans Of Foreign Wars Post 2766 in Breckenridge, MN

Stalker Lake Sportsmens Club Inc in Dalton, MN

Riverside Cemetery Association in Breckenridge, MN

Cuyuna Range Housing Inc in Ironton, MN

Pets Abandoned Wanting Support in Motley, MN

Urban Agriculture International Program Inc in St Paul, MN

Id	Name	Address	State	Established	Total Income
Other organizations in Minnesota
1	Ethel Mae Kreutz Prviate Foundation	152 W 3rd St, Winona, MN 55987-3101	MN	2002-07	$40,186
2	Ethel Melum Trust	PO BOX 220, Dawson, MN 56232-0220	MN		$1,339
3	Ethnic Dance Theatre Inc	3507 Clinton Ave, Minneapolis, MN 55408-4577	MN	1979-03	$69,015
4	Eugene C & Gail V Sit Foundation	80 S 8th St 3300 Ids Center, Minneapolis, MN 55402	MN		$1,379,448
5	Eugene C Day And Lenore K Day Foundation Trust	PO BOX 64713, Saint Paul, MN 55164-0713	MN	1991-10	$471,830
6	Edward M Preisler Tr Uw 033690b Mercantile Bank N A	PO BOX 64713, Saint Paul, MN 55164-0713	MN		$147,560
7	Edwin M Porter Educational Fund	PO BOX 64713, Saint Paul, MN 55164-0713	MN	1979-02	$202,404
8	Eleanor Boston Unitrust 232870h	PO BOX 64713, Saint Paul, MN 55164-0713	MN	1997-08	$161,555
9	Elmer Grossenheider Tr Ua 108140g	PO BOX 64713, Saint Paul, MN 55164-0713	MN	1900-01	$124,797
10	Elmer Grossenheider Tr Ua 108150g	PO BOX 64713, Saint Paul, MN 55164-0713	MN	1900-01	$124,283
11	Ersa L Rice Educational Foundation	PO BOX 64713, Saint Paul, MN 55164-0713	MN	1986-09	$460,251
12	Duluth Public Schools Academy	3301 Technology Dr, Duluth, MN 55811-4115	MN	1997-09	$15,831,100
13	Education As Transformation Inc	1665 Princeton Ave, St Paul, MN 55105	MN	2002-12	$0
14	Doulos Discovery Ministries	PO BOX 3080, Burnsville, MN 55337-8080	MN	2002-12	$861,726
15	Faye And Mayer Krupp Family Foundation	8736 Westmoreland Ln, St Louis Park, MN 55426-1935	MN	1997-09	$331,870
16	Ferris Baker Watts Foundation	60 S 6th St Ms P08, Minneapolis, MN 55402-4400	MN	1994-02	$26,741
17	Eugene W Mccarthy Tr Fbo St Johns University 253 670 330	PO BOX 64713, Saint Paul, MN 55164-0713	MN	1991-05	$211,250
18	Euro Football	PO BOX 7044, Rochester, MN 55903-7044	MN	2004-01	$179,838
19	European Children Adoption Services	6050 Cheshire Ln N, Plymouth, MN 55446-4001	MN	2000-05	$253,182
20	Evan Guillaume Memorial Fund	3060 N Shore Dr, Wayzata, MN 55391-9355	MN	2003-04	$42,981

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Ersa L Rice Educational Foundation and has no official or unofficial affiliation with Ersa L Rice Educational Foundation