Arthur E Elsie G And Betty M Kranz Family Foundation in Beachwood, Ohio (OH)
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
Arthur E Elsie G And Betty M Kranz Family Foundation | |
Employer Identification Number (EIN) | 043670741 |
Name of Organization | Arthur E Elsie G And Betty M Kranz Family Foundation |
In Care of Name | Paul L Millet |
Address | 25550 Chagrin Blvd Ste 403, Beachwood, OH 44122-4640 |
Subsection | Charitable Organization |
Ruling Date | 08/2002 |
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 | $25,000 to $99,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $1,115,068 |
Amount of Income | $93,005 |
Form 990 Revenue Amount | $93,073 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $93,005 (it was $37,276 in 2012)
This organization: | $93,005 |
Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $1,115,068 (it was $1,145,625 in 2012)
This organization: | $1,115,068 |
Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $45,888
This organization: | $45,888 |
Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 2.0
Arthur E Elsie G And Betty M Kranz Family Foundation: | 2.0 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
Arthur E Elsie G And Betty M Kranz Family 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 | $18,535 | $18,222 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $6,639 | |||
Dividends and interest from securities | $10,699 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $1,197 | |||
Total expenses and disbursements | $45,888 | $29,376 | $0 | $16,512 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $30,288 | $29,376 | $912 | |
Contributions, gifts, grants paid | $15,600 | |||
Excess of revenue over expenses and disbursements | $-27,353 | |||
Net investment income | $0 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $1,145,625 | $0 |
Cash - non-interest-bearing | $0 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $556,567 | |
Investments-corporate bonds | $69,930 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $519,128 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $1,145,625 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $1,197 |
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 | $574 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $574 |
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 | $574 |
Amount to be credited to 2013 estimated tax | $574 |
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? | 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 |
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 | $1,333,851 |
Net value of noncharitable-use assets | $1,313,840 |
Minimum investment return | $65,692 |
Distributable Amount (for 2012) | |
Distributable amount | $65,692 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $65,692 |
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 | $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 | The National City Corporation Charitable Foundation Ii | PO BOX 94651, Cleveland, OH 44101-4651 | OH | 1999-05 | $56,736,518 |
2 | Robert & Ita Klein Charitable Foundation | 200 Public Sq Ste 2500, Cleveland, OH 44114-2398 | OH | 2013-11 | $32,155,556 |
3 | The Ariel Foundation | 101 E Gambier St, Mount Vernon, OH 43050-3509 | OH | 2009-07 | $23,426,936 |
4 | Mathile Philanthropic Trust | 6450 Sand Lake Rd Ste 200, Dayton, OH 45414-2679 | OH | 2012-02 | $20,000,000 |
5 | Carl Jacobs Foundation | PO BOX 630858, Cincinnati, OH 45263-0858 | OH | 2010-08 | $12,787,845 |
6 | Macbea Foundation | 52 E Gay St, Columbus, OH 43215-3108 | OH | 2010-12 | $8,462,892 |
7 | Wagler Foundation | 3700 Tabs Dr, Uniontown, OH 44685-9562 | OH | 2012-12 | $7,509,959 |
8 | Ylk Charitable Fund | 8000 Walton Pkwy Ste 100, New Albany, OH 43054-7075 | OH | 2009-01 | $6,611,462 |
9 | Abrams Family Foundation | 3710 State Route 133, Williamsburg, OH 45176-9798 | OH | 2012-02 | $6,585,400 |
10 | Harry T Wilks Family Foundation | 1763 Hamilton Cleves Rd, Hamilton, OH 45013-9601 | OH | 2010-10 | $4,625,900 |
11 | Walter And Olivia Kiebach Foundation | 8964 Little Mountain Ste 1000, Kirtland Hills, OH 44060-7946 | OH | 2008-11 | $3,474,313 |
12 | Stanard Family Foundation | 600 Superior Avenue East, Cleveland, OH 44114-2614 | OH | 2006-02 | $3,395,620 |
13 | Marian S Lawry Private Foundation | PO BOX 94651, Cleveland, OH 44101-4651 | OH | 2011-01 | $3,296,301 |
14 | The@erwin & Katherine Geis Charitable Foundation | 10020 Aurora Hudson Rd, Streetsboro, OH 44241-1621 | OH | 2001-07 | $2,965,351 |
15 | Roe Green Foundation | 1301 E 9th St Ste 1900, Cleveland, OH 44114-1862 | OH | 1999-08 | $2,886,300 |
16 | The Char And Chuck Fowler Family Foundation | 5885 Landerbrook C/O Cornerstone, Mayfield Heights, OH 44124 | OH | 2003-11 | $2,785,534 |
17 | Warmenhoven Family Foundation | 7261 Engle Rd Ste 202, Cleveland, OH 44130-3479 | OH | 2007-09 | $2,640,853 |
18 | Jean Harry And Brenda Fuchs Family Foundation | 25550 Chagrin Blvd Ste 403, Beachwood, OH 44122-4640 | OH | 2013-03 | $2,584,030 |
19 | Richard And Alita Rogers Family Foundation | 538 Woodside Dr, Akron, OH 44303-1710 | OH | 2013-09 | $2,200,540 |
20 | The Puskar Family Foundation | 516 Old Harbor Ct, Dayton, OH 45458-2878 | OH | 2005-03 | $2,057,797 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 22,395 |
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