Irving J & Ruth B Olson Foundation 20-10-203-0171600 in Brooklyn, 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
Irving J & Ruth B Olson Foundation 20-10-203-0171600 | |
Employer Identification Number (EIN) | 341696795 |
Name of Organization | Irving J & Ruth B Olson Foundation 20-10-203-0171600 |
In Care of Name | Key Trust Company Of Ohio |
Address | 4900 Tiedeman Rd, Brooklyn, OH 44144-2338 |
Activities | Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 02/1992 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Trust |
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 | $393,929 |
Amount of Income | $8,488 |
Form 990 Revenue Amount | $124,573 |
Non-representatives - add comments:
Revenue for 2011
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 | $124,573 | $124,573 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $108 | |||
Dividends and interest from securities | $7,406 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $117,059 | |||
Total expenses and disbursements | $11,341 | $4,349 | $0 | $6,991 |
Compensation of officers, directors, trustees, etc. | $5,634 | |||
Total operating and administrative expenses | $6,713 | $4,349 | $2,363 | |
Contributions, gifts, grants paid | $4,628 | |||
Excess of revenue over expenses and disbursements | $113,232 | |||
Net investment income | $120,224 | |||
Adjusted net income | $0 |
Balance Sheets (for 2011) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $510,087 | $559,596 |
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 | $444,487 | |
Other | $65,600 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $510,087 |
Capital Gains and Losses for Tax on Investment Income (for 2011) | |
Capital gain net income | $117,059 |
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 | $2,404 |
Total credits and payments | $344 |
2011 estimated tax payments and 2010 overpayment credited to 2011 | $344 |
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 | $2,060 |
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? | 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 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 | $606,313 |
Net value of noncharitable-use assets | $597,220 |
Minimum investment return | $29,861 |
Distributable Amount (for 2011) | |
Distributable amount | $27,457 |
Undistributed Income (for 2011) | |
Distributable amount for 2011 | $27,457 |
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 Ohio | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Ironton Lodge 701 Loyal Order Of Moose, 701 | PO BOX 534, Ironton, OH 45638-0534 | OH | 1985-08 | $645,746 |
2 | Ironton-Lawence County Memorial Day Parade Committee Inc | Po Box 721, Ironton, OH 45638 | OH | 2009-12 | $0 |
3 | Ironworkers 17- Edward J Muhlhan Sr Scholarship Fund | 1544 E23rd Street, Cleveland, OH 44114 | OH | 2002-03 | $0 |
4 | Ironworkers Apprentice & Membership Retraining & Educational Trust | 606 Hillrose Ave, Dayton, OH 45404-1543 | OH | 2005-08 | $427,710 |
5 | Ironworkers Joint Apprenticeship Trust Fund 550 | 618 High Ave Nw, Canton, OH 44703-2500 | OH | 1972-01 | $454,403 |
6 | Ironworkers L 207 Voluntary Employee Benefit Assoc Plsn | 33 Fitch Blvd, Youngstown, OH 44515-2202 | OH | 2001-03 | $670,566 |
7 | Ironworkers Shopmens Local 468 Insurance Trust Fund | 1564 E 23rd St, Cleveland, OH 44114-4206 | OH | 1958-02 | $1,093,970 |
8 | Irving And Gloria Fine Foundation | 38500 Chagrin Blvd, Chagrin Falls, OH 44022-1200 | OH | 1995-01 | $416,494 |
9 | Irving Andy Pike Scholarship Fund Inc | 41 W Broad St, Newton Falls, OH 44444-1643 | OH | 2001-11 | $1,359 |
10 | Irving I Stone Support Foundation | 25701 Science Park Dr, Beachwood, OH 44122-7302 | OH | 1985-08 | $452,745 |
11 | Irving J & Ruth B Olson Foundation 20-10-203-0171600 | 4900 Tiedeman Rd, Brooklyn, OH 44144-2338 | OH | 1992-02 | $8,488 |
12 | Ohioans For Housing Justice | 175 S Third Street Suite 250, Columbus, OH 43215 | OH | 2009-02 | $0 |
13 | Isa-The Instrumentation Systems And Automation Society, International Society Of Automation Cleveland Section | 325 Nancy Circle, Brunswick, OH 44212 | OH | 1982-09 | $11,146 |
14 | Isabel F Van Horn Tr 6568031900 | PO BOX 3500, Newark, OH 43058-3500 | OH | 1993-10 | $154,212 |
15 | Isabel Freer Memorial Scholarship Trust | 146 E Center St, Marion, OH 43302-3802 | OH | 1988-10 | $1,541 |
16 | Isabel J Day Irrevocable Fbo Lakeside High School Library | 4900 Tiedeman Rd, Brooklyn, OH 44144-2338 | OH | 2002-10 | $143,018 |
17 | Isabelle Ridgway Care Center Inc | 1520 Hawthorne Ave, Columbus, OH 43203-1762 | OH | 1942-12 | $6,371,127 |
18 | Isadore Binzer Fund, Key Bank National Association Ttee | 10 W Second St 26th Fl, Dayton, OH 45402-1791 | OH | 2002-10 | $3,084,415 |
19 | Isaiahs Place Inc | 1100 Wayne Ave, Troy, OH 45373-3048 | OH | 2004-07 | $2,720,785 |
20 | Isenstadt Legacy House Inc | 3659 S Green Rd, Beachwood, OH 44122-5727 | OH | 2002-10 | $57,430 |
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