Michelle Korfman Scholarship Foundation in Boulder City, Nevada (NV)
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 Nevada
| Michelle Korfman Scholarship Foundation | |
| Employer Identification Number (EIN) | 880199046 |
| Name of Organization | Michelle Korfman Scholarship Foundation |
| Address | 806 Buchanan Blvd, Boulder City, NV 89005-2130 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 02/1985 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $30,530 |
| Amount of Income | $12,000 |
| Form 990 Revenue Amount | $8,400 |
Non-representatives - add comments:
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 | $8,400 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $8,400 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $7,180 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,680 | $0 | $0 | |
| Contributions, gifts, grants paid | $500 | |||
| Excess of revenue over expenses and disbursements | $1,220 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $37,640 | $37,640 |
| Cash - non-interest-bearing | $2,965 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $34,675 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $37,640 | |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| 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 Nevada | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mesquite Sunrise Rotary Foundation Incorporated | Po Box 2195, Mesquite, NV 89024 | NV | 2009-02 | $0 |
| 2 | Mesquite-Toes Tap Team | Po Box 1081, Mesquite, NV 89024 | NV | 2006-03 | $51,174 |
| 3 | Metro Arts Council Of Southern Nevada | 1234 Wyoming St, Boulder City, NV 89005-2745 | NV | 1974-10 | $112,161 |
| 4 | Mexican Patriotic Committee | 740 N Eastern Ave Ste 100-B, Las Vegas, NV 89101-2886 | NV | 1998-07 | $7,873 |
| 5 | Mfo Family Rescue Foundation | 7220 S Cimarron Rd 3rd Fl, Las Vegas, NV 89113 | NV | 2006-09 | $0 |
| 6 | Mgm Resorts Foundation | 840 Grier Rd, Las Vegas, NV 89119-3778 | NV | 2002-09 | $4,832,638 |
| 7 | Michael A Obannon Foundation | 2275 E Desert Inn Rd, Las Vegas, NV 89169-3216 | NV | 1995-02 | $437,083 |
| 8 | Michael Connell Charitable Foundation, Clark Robert E Ttee | 5242 Swenson St, Las Vegas, NV 89119-1364 | NV | 2000-05 | $68 |
| 9 | Michael Haynes Ministries Inc | 9101 W Sahara Ave, Las Vegas, NV 89117-5772 | NV | 2006-11 | $32,496 |
| 10 | Michael Sweig Foundation, Sweig Michael Ttee | PO BOX 10769, Zephyr Cove, NV 89448-2769 | NV | 2001-11 | $1,062,640 |
| 11 | Michelle Korfman Scholarship Foundation | 806 Buchanan Blvd, Boulder City, NV 89005-2130 | NV | 1985-02 | $12,000 |
| 12 | Middlefork Foundation | 6001 Talbot Ln, Reno, NV 89509-6127 | NV | 1997-08 | $1 |
| 13 | Mike Eckel Educational Foundation | 2448 Devotion Ridge Dr, Henderson, NV 89052-5674 | NV | 2007-03 | $1 |
| 14 | Mile High Jazz Band Association Inc | 191 Heidi Cir, Carson City, NV 89701-6532 | NV | 2002-05 | $44,991 |
| 15 | Milestone Childrens Learning Center, Dba Springstone | 4186 Melodia Songo Ct, Las Vegas, NV 89135-2511 | NV | 2000-01 | $2,137,408 |
| 16 | Military Officers Association Of Am Erica Southern Nevada Chapter | Po Box 95755, Las Vegas, NV 89193 | NV | 1974-01 | $0 |
| 17 | Military Order Of The Cootie Auxiliary | 4651 S Homestead Rd, Pahrump, NV 89048 | NV | 1965-01 | $0 |
| 18 | Military Order Of The Purple Heart Of The Usa | 9357 Pitching Wedge Dr, Las Vegas, NV 89134 | NV | 1960-08 | $0 |
| 19 | Milton S Tyre Family Foundation | 2777 Paradise Rd Unit 3502, Las Vegas, NV 89109-0403 | NV | 2007-01 | $6,833 |
| 20 | Mineral County Council On The Arts | PO BOX 40, Hawthorne, NV 89415 | NV | 1998-05 | $6,494 |
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