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THE ROBERT E & ROSEMARY PRICE FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
THE ROBERT E & ROSEMARY PRICE FOUNDATION INC (EIN 38-3247629)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-05-10
IRS object ID
201811309349102401
Schema version
2017v2.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-05-10T21:05:51-04:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Paul W Loock PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12401 Mulberry Square No 61AddressLine1Txt
CityBLOOMFIELD HILLSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48302ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN383247629EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Robt E & Rosemary Price FoundatBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTHERBusinessNameControlTxt
Phone5172656168PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 605AddressLine1Txt
CityAdrianCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49221ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHenry E MistelePersonNm
Person TitleSecretaryPersonTitleTxt
Signature2018-05-08SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPaul W LoockPreparerPersonNm
PTINP00638830PTIN
Phone2487604035PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,402,762FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$135,544DividendsRevAndExpnssAmt
Dividends Net Invst Incm$135,544DividendsNetInvstIncmAmt
Dividends Adj Net Incm$135,544DividendsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$75,247CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$135,544TotalRevAndExpnssAmt
Total Net Invst Incm$210,791TotalNetInvstIncmAmt
Total Adj Net Incm$135,544TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$450LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$450LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$450LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$450LegalFeesDsbrsChrtblAmt
Taxes Rev And Expnss$1,799TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,799TaxesNetInvstIncmAmt
Taxes Adj Net Incm$1,799TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$1,799TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,249TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,249TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$2,249TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,249TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$137,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$137,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$139,249TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,249TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$2,249TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$139,249TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,705ExcessRevenueOverExpensesAmt
Net Investment Income$208,542NetInvestmentIncomeAmt
Adjusted Net Income$133,295AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$43,604SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$369,443SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$369,443SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,922,127CorporateStockBOYAmt
Corporate Stock EOY$1,592,583CorporateStockEOYAmt
Corporate Stock EOYFMV$2,033,319CorporateStockEOYFMVAmt
Total Assets BOY$1,965,731TotalAssetsBOYAmt
Total Assets EOY$1,962,026TotalAssetsEOYAmt
Total Assets EOYFMV$2,402,762TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$1,965,731CapitalStockBOYAmt
Capital Stock EOY$1,962,026CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,965,731TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,962,026TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,965,731TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,962,026TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,965,731TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,705ExcessRevenueOverExpensesAmt
Subtotal$1,962,026SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,962,026TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1600 Shares General ElectricD1998-01-012017-07-31$40,743$28,184$12,559$12,559
10000 Shares General ElectricD1998-01-012018-10-20$222,241$176,150$46,091$46,091
7400 Shares General ElectricD1998-01-012018-11-02$146,948$130,351$16,597$16,597
FieldValueIRS element (for citing)
Capital Gain Net Income$75,247CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxYes (true)LiableSection4942TaxInd
Adj Nonchrtbl Net Invst Incm Pct$0AdjNonchrtblNetInvstIncmPctAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,171InvestmentIncomeExciseTaxAmt
Subtotal$4,171SubtotalAmt
Tax Based On Investment Income$4,171TaxBasedOnInvestmentIncomeAmt
Tax Due$4,171TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateMIOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Individual With BooksRobt E PriceIndividualWithBooksNm
Phone5176256168PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 605AddressLine1Txt
CityADRIANCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49221ZIPCd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Robert E Price
PO 605AdrianMI49221President3$0
Henry E Mistele
801 W Big BeaverTroyMI48084VP & Treas0$0
Rosemary Price
PO Box 605ADRIANMI49221Vice Pres0$0
Curtis H Mistele
801 W Big BeaverTROYMI48084Secretary0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NoneDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,986,815AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$117,281AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,104,096TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,104,096AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$46,561CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,057,535NetVlNoncharitableAssetsAmt
Minimum Investment Return$152,877MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$152,877MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,171TaxBasedOnInvestmentIncomeAmt
Total Tax$4,171TotalTaxAmt
Distributable Before Adj$148,706DistributableBeforeAdjAmt
Distributable Before Ded$148,706DistributableBeforeDedAmt
Distributable As Adjusted$148,706DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$139,249ExpensesAndContributionsAmt
Qualifying Distributions$139,249QualifyingDistributionsAmt
Adjusted Qualifying Distri$139,249AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$148,706DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$42,476ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr1$1,934ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$44,410TotalExcessDistributionCyovAmt
Qualifying Distributions$139,249QualifyingDistributionsAmt
Applied To Current Year$139,249AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$9,457ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$9,457ExcessDistributionCyovAppCYAmt
Total Corpus$34,953TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$33,019ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,934ExcessDistriCyovToNextYrAmt
Excess From Year1$1,934ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonRobert E PriceRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 605AddressLine1Txt
CityAdrianCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49221ZIPCd
FieldValueIRS element (for citing)
Recipient Phone5172656160RecipientPhoneNum
Form And Info And MaterialsLetterFormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsNoneRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Univ of the Cumberlands
6178 College Station DrWILLIAMSBURGKY40769OperEducation$10,000
Junior Achievement
122 E Maumee StADRIANMI49221OperCharitible$5,000
Siena Heights Univ
1247 Siena Hts DrADRIANMI49221OperEducational$25,000
Adrian College
110 S MadisonADRIANMI49221OperEducational$25,000
Adrian College
110 S MadisonADRIANMI49221OperEducational$25,000
Hospice of Lenawee
1903 Wolf Creek HwyADRIANMI49221OperCharitible$25,000
Lenawee Relay for Life
1755 Abbey RdEAST LANSINGMI48823OperCharitible$2,000
Lenawee Humane Society
705 Beecher StADRIANMI49221OperCharitible$10,000
Michigan State Univ
220 TrowbridgeEAST LANSINGMI48824OperEducational$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$137,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$135,544ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$135,544ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$135,544TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number4LineNumberTxt
Relationship StatementNot ApplicableRelationshipStatementTxt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
JP Morgan Chase$55,478$228,638
Bristol Myers Squibb$55,528$122,560
Express Scripts Holding Co$2,618$55,458
General Electric$1,056,900$1,047,000
IBM$59,019$24,244
Nuveen Large Cap Value Fund$210,715$452,100
Bank of America$152,325$103,320

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryDean & FulkersonCategoryTxt
Legal Fees$450LegalFeesAmt
Net Investment Income$450NetInvestmentIncomeAmt
Adjusted Net Income$450AdjustedNetIncomeAmt
Disbursements Charitable Prps$450DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryState of MichiganCategoryTxt
Amt$20Amt
Net Investment Income$20NetInvestmentIncomeAmt
Adjusted Net Income$20AdjustedNetIncomeAmt
Disbursements Charitable Prps$20DisbursementsCharitablePrpsAmt

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