Grace Fund Inc in Wooster, 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
| Grace Fund Inc | |
| Employer Identification Number (EIN) | 341768719 |
| Name of Organization | Grace Fund Inc |
| In Care of Name | Arthur M Saunders |
| Address | 5854 Cleveland Rd, Wooster, OH 44691-1144 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $139,626 |
| Amount of Income | $2,063 |
| Form 990 Revenue Amount | $6 |
Non-representatives - add comments:
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 | $6 | $6 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $6 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $5,137 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,137 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-5,131 | |||
| Net investment income | $6 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $134,495 | $134,495 |
| Cash - non-interest-bearing | $10,495 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $124,000 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $134,495 | |
| 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? | Yes |
| 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 | $135,597 |
| Net value of noncharitable-use assets | $133,560 |
| Minimum investment return | $6,678 |
| 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 | $6 | $1,345 | $0 | $0 | $1,351 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $16,000 | $0 | $4,500 | $20,500 |
| Value of all assets | $134,495 | $139,626 | $154,281 | $152,773 | $581,175 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $5,017 | $5,447 | $10,464 |
| 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 | Gospel Training International Inc | PO BOX 506, Greenville, OH 45331-0506 | OH | 2006-06 | $117,262 |
| 2 | Gospel Trumpet Publishing Co | PO BOX 1139, Greenville, OH 45331-9139 | OH | 2000-12 | $130,171 |
| 3 | Gould Foundation | 34929 Curtis Blvd, Eastlake, OH 44095-4006 | OH | 1952-12 | $149,036 |
| 4 | Government Affairs Committee Of Ohio Jewish Communities Inc | 50 W Broad St Ste 1815, Columbus, OH 43215-5910 | OH | 1982-10 | $212,550 |
| 5 | Goyal Foundation | 7342 Willowood Dr, Cincinnati, OH 45241-3706 | OH | 2002-04 | $1,084 |
| 6 | Grace Community Center Inc | 406 W Delaware Ave, Toledo, OH 43610-1404 | OH | 1978-02 | $221,927 |
| 7 | Grace Community Development Corporation | 3308 Springdale Road, Cincinnati, OH 45251 | OH | 2006-09 | $0 |
| 8 | Grace Community School | 715 W William St, Delaware, OH 43015-2233 | OH | 2008-06 | $341,619 |
| 9 | Grace Counseling | 4756 D Fishburg Rd, Huber Heights, OH 45424 | OH | 2008-01 | $54,670 |
| 10 | Grace Evangelical Lutheran Church Foundation | 4441 Monroe St, Toledo, OH 43613 | OH | 1985-01 | $0 |
| 11 | Grace Fund Inc | 5854 Cleveland Rd, Wooster, OH 44691-1144 | OH | 1994-08 | $2,063 |
| 12 | Grace High Washburn Trust | 1232 State Route 4, Bucyrus, OH 44820-9589 | OH | 1951-05 | $245,362 |
| 13 | Grace K Oor-Dr Edwin Pratt Memorial Fund | PO BOX 1558, Columbus, OH 43216-1558 | OH | 1979-11 | $13,946 |
| 14 | Grace M Harvie Trust | 600 Vine Street, Cincinnati, OH 45202-2400 | OH | 1988-06 | $19,122 |
| 15 | Grace Network | 26630 Bagley Rd, Olmsted Falls, OH 44138-1822 | OH | 2002-07 | $86,677 |
| 16 | Grace Operation And Development Center | PO BOX 20424, Canton, OH 44701-0424 | OH | 2000-09 | $19,094 |
| 17 | Grace Temple Day Care Center Inc | 2226 E 40th St, Cleveland, OH 44103-4410 | OH | 2001-10 | $42,252 |
| 18 | Grace Tod Arrel I10 Tx 14-38y006000 | PO BOX 94651, Cleveland, OH 44101-4651 | OH | $32,022 | |
| 19 | Grace W Goodridge Tr Uw Fbo John Williams Scholarship | PO BOX 94651, Cleveland, OH 44101-4651 | OH | 1986-01 | $7,782 |
| 20 | Gracehaven Inc | 2510 Summit St, Columbus, OH 43202-2729 | OH | 2008-12 | $247,650 |
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