Frank Makara Scholarship Fund 4471 in Akron, 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
- Other organizations in Ohio
| Frank Makara Scholarship Fund 4471 | |
| Employer Identification Number (EIN) | 346748547 |
| Name of Organization | Frank Makara Scholarship Fund 4471 |
| In Care of Name | Elyria Savings & Trust Natl Bk |
| Address | 106 S Main St Ste 1600, Akron, OH 44308-1418 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $49,973 |
| Amount of Income | $23,921 |
| Form 990 Revenue Amount | $6,628 |
Non-representatives - add comments:
Revenue for 2012
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 | $2,273 | $2,273 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,353 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $920 | |||
| Total expenses and disbursements | $7,608 | $2,198 | $0 | $6,243 |
| Compensation of officers, directors, trustees, etc. | $2,500 | |||
| Total operating and administrative expenses | $3,608 | $2,198 | $2,243 | |
| Contributions, gifts, grants paid | $4,000 | |||
| Excess of revenue over expenses and disbursements | $-5,335 | |||
| Net investment income | $75 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $49,973 | $53,195 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $49,973 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $49,973 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $920 |
| 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 | $1 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $1 |
| 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? | 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? | Yes |
| 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 | $55,352 |
| Net value of noncharitable-use assets | $54,520 |
| Minimum investment return | $2,726 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,725 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,725 |
| 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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| Other organizations in Ohio | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Frank Eck Family Foundation | 2674 Haverford Rd, Upper Arlngtn, OH 43220-4270 | OH | 2000-09 | $108 |
| 2 | Frank F Bentley Trust | 4900 Tiedman Rd Oh 01 49 0150, Brooklyn, OH 44144 | OH | 1977-09 | $351,161 |
| 3 | Frank Hadley & Cornelia Root Ginn Charitable Trust, Ginn Alexander Ttee | 2341 Roxboro Rd, Cleveland Hts, OH 44106-3207 | OH | 1991-12 | $495,255 |
| 4 | Frank J & Jacqueline D Klonne Foundation | PO BOX 630858, Cincinnati, OH 45263-0858 | OH | 1999-06 | $488,488 |
| 5 | Frank J And Mary Louise Beshara Family Foundation | PO BOX 1558, Columbus, OH 43216-1558 | OH | 2001-06 | $1 |
| 6 | Frank J Grabill Trust Uw Item Iii | Rm 2 Foulke Block, Chillicothe, OH 45601 | OH | 1984-06 | $197 |
| 7 | Frank L & Ruth R Peters Scholarship Fund | PO BOX 1558, Columbus, OH 43216-1558 | OH | 1998-01 | $29,993 |
| 8 | Frank L & Ruth R Peters Scholarship Fund | PO BOX 1558, Columbus, OH 43216-1558 | OH | 1998-01 | $24,854 |
| 9 | Frank Limpert Test Trust | 401 Clinton Street, Defiance, OH 43512-2662 | OH | $71,670 | |
| 10 | Frank M Tait Foundation | 40 N Main St Ste 1530, Dayton, OH 45423-1054 | OH | 1957-11 | $1,820,020 |
| 11 | Frank Makara Scholarship Fund 4471 | 106 S Main St Ste 1600, Akron, OH 44308-1418 | OH | $23,921 | |
| 12 | Frank Mangano Foundation | 119 E State St, Alliance, OH 44601-4933 | OH | 1989-12 | $771,971 |
| 13 | Frank Messer & Sons Construction Co Health Care Trust Agreement, Daly Kathleen Ttee | 5158 Fishwick Dr, Cincinnati, OH 45216-2216 | OH | 1992-06 | $4,533,401 |
| 14 | Frank P Mccandless 998 | PO BOX 1558 DEPT EA4E86, Columbus, OH 43216-1558 | OH | 2008-10 | $306,640 |
| 15 | Frank R -Bo- Dunlap Foundation | 4701 Hickory Bend Rd, Circleville, OH 43113-9683 | OH | 1997-07 | $248,891 |
| 16 | Frank Sarah And Myer J Monus Foundation | C/O Farmers Trust Co 42 Mcclurg R, Youngstown, OH 44512 | OH | 2002-08 | $181,382 |
| 17 | Frank Shuleski Scouting Inc | PO BOX 316, Upper Sandsky, OH 43351-0316 | OH | 2000-10 | $15,999 |
| 18 | Frank T Black Family Foundation | PO BOX 3775, Mansfield, OH 44907-0775 | OH | 1999-05 | $184,995 |
| 19 | Frank Tuttle Trust Fbo Friends Church Nect | 4900 Tiedeman Rd, Brooklyn, OH 44144-2338 | OH | 1976-12 | $34,558 |
| 20 | Frank W Lawson Charitable Trust | PO BOX 630858, Cincinnati, OH 45263-0858 | OH | 2008-03 | $2,517,055 |
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