Edith & Robert Korn Foundation in Oregon, Wisconsin (WI)
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 Wisconsin
| Edith & Robert Korn Foundation | |
| Employer Identification Number (EIN) | 133981480 |
| Name of Organization | Edith & Robert Korn Foundation |
| In Care of Name | Edith Korn |
| Address | 4812 Goodland Park Rd, Oregon, WI 53575-2104 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $8,496 |
| Amount of Income | $2,150 |
| Form 990 Revenue Amount | $9,101 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
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 | $9,101 | $9,101 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $2,008 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $7,093 | |||
| Total expenses and disbursements | $3,569 | $0 | $0 | $3,375 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $194 | $0 | $0 | |
| Contributions, gifts, grants paid | $3,375 | |||
| Excess of revenue over expenses and disbursements | $5,532 | |||
| Net investment income | $9,101 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,869 | $57,993 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $7,890 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $979 | |
| Total liabilities | $2,600 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,600 | |
| Total liabilities and net assets/fund balances | $6,269 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $7,093 |
| 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 | $182 |
| Total credits and payments | $368 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $368 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $186 |
| Amount to be credited to 2012 estimated tax | $186 |
| 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 | $58,255 |
| Net value of noncharitable-use assets | $57,380 |
| Minimum investment return | $2,869 |
| Distributable Amount (for 2011) | |
| Distributable amount | $2,687 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $2,687 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $2,013 |
| 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 Wisconsin | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Edgerton Community Outreach Inc | 106 S Main St, Edgerton, WI 53534-2026 | WI | 1989-08 | $878,010 |
| 2 | Edgerton Elementary Parent Teacher Organization | 5145 S 116th St, Hales Corner, WI 53130-1001 | WI | 1994-02 | $83,927 |
| 3 | Edgerton Hospital And Health Services | 11101 N Sherman Rd, Edgerton, WI 53534-9002 | WI | 1925-02 | $19,483,140 |
| 4 | Edgerton Hospital Capital Foundation Inc | 11101 N Sherman Rd, Edgerton, WI 53534-9002 | WI | 2007-07 | $263,709 |
| 5 | Edgerton Memorial Community Hospital Foundation Inc | 313 Stoughton Rd, Edgerton, WI 53534-1132 | WI | 1977-02 | $366,949 |
| 6 | Edgerton Retirement Apartments Inc | 224 6th St N, La Crosse, WI 54601-3319 | WI | 1996-04 | $107,377 |
| 7 | Edgewood Home And School Association Inc | 4711 S 47th St, Milwaukee, WI 53220-4899 | WI | 1999-07 | $46,480 |
| 8 | Edgewood Manor Inc | 831 Pine Beach Rd, Marinette, WI 54143-4225 | WI | 1984-07 | $170,473 |
| 9 | Edgewood Terrace Inc | 11520 N Port Washington Rd Ste 3, Mequon, WI 53092-3432 | WI | 1994-09 | $82,298 |
| 10 | Edina Public Schools Health Reimbursement Arrangement Trust, 1050003519 | 230 Front St N, La Crosse, WI 54601-3219 | WI | 2008-09 | $379,173 |
| 11 | Edith & Robert Korn Foundation | 4812 Goodland Park Rd, Oregon, WI 53575-2104 | WI | 1998-03 | $2,150 |
| 12 | Edith Bell O Boyle Foundation Inc | PO BOX 447, Necedah, WI 54646-0447 | WI | 1993-11 | $27,965 |
| 13 | Edith D And E Wm Heinrich Mineralogical Research Foundation, Salotti Charles A Ttee | PO BOX 2043, Milwaukee, WI 53201-2043 | WI | 1992-06 | $159,246 |
| 14 | Edith Dillon Decker Award Fund 78063800 | PO BOX 2043, Milwaukee, WI 53201-2043 | WI | 1967-06 | $175,577 |
| 15 | Edith Reiter Tr, Koshuta D D Ttee | PO BOX 307, Three Lakes, WI 54562-0307 | WI | 1989-04 | $527,542 |
| 16 | Edna Gladney Home Endowment Fund At Texas American Bank-Ft Worth N A | C/O Jpmorgan Chase Banknabox 3038, Milwaukee, WI 53201 | WI | 1970-12 | $1,445,770 |
| 17 | Education For Business Growth Inc | 10201 W Lincoln Ave, West Allis, WI 53227 | WI | 1997-06 | $0 |
| 18 | Education Foundation Of Greendale Inc | 6801 Southway, Greendale, WI 53129-2428 | WI | 2000-07 | $25,891 |
| 19 | Education Foundation Of Hudson | PO BOX 252, Hudson, WI 54016-0252 | WI | 1991-05 | $55,316 |
| 20 | Education Foundation Of Wauwatosa Inc | PO BOX 13022, Wauwatosa, WI 53213-0022 | WI | 1992-06 | $84,589 |
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