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THE ROBERT E & ROSEMARY PRICE FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
THE ROBERT E & ROSEMARY PRICE FOUNDATION INC (EIN 38-3247629)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-09
IRS object ID
201701299349101660
Schema version
2016v3.0
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)
Return2017-05-09T15:44:01-04:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

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 Begin2016-01-01TaxPeriodBeginDt

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
Signature2017-05-01SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPaul W LoockPreparerPersonNm
PTINP00638830PTIN
Phone2487604035PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address107.136.232.239IPv4AddressTxt
FieldValueIRS element (for citing)
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id7120413A43957ABD073BE5FE26583FF4A7BF868BAtSubmissionCreationDeviceId
At Submission Filing Device Id7120413A43957ABD073BE5FE26583FF4A7BF868BAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,569,108FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$14,486ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$94,312DividendsRevAndExpnssAmt
Dividends Net Invst Incm$94,312DividendsNetInvstIncmAmt
Dividends Adj Net Incm$94,312DividendsAdjNetIncmAmt
Total Rev And Expnss$108,798TotalRevAndExpnssAmt
Total Net Invst Incm$94,312TotalNetInvstIncmAmt
Total Adj Net Incm$94,312TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$2,965LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$2,965LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$2,965LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$2,965LegalFeesDsbrsChrtblAmt
Taxes Rev And Expnss$2,324TaxesRevAndExpnssAmt
Taxes Net Invst Incm$2,324TaxesNetInvstIncmAmt
Taxes Adj Net Incm$2,324TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$2,324TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$50OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$50OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$50OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$50OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$5,339TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,339TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$5,339TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,339TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$162,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$162,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$167,339TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,339TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$5,339TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$167,339TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$58,541ExcessRevenueOverExpensesAmt
Net Investment Income$88,973NetInvestmentIncomeAmt
Adjusted Net Income$88,973AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$107,230SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$43,604SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$43,604SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,917,042CorporateStockBOYAmt
Corporate Stock EOY$1,922,127CorporateStockEOYAmt
Corporate Stock EOYFMV$3,525,504CorporateStockEOYFMVAmt
Total Assets BOY$2,024,272TotalAssetsBOYAmt
Total Assets EOY$1,965,731TotalAssetsEOYAmt
Total Assets EOYFMV$3,569,108TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$2,024,272CapitalStockBOYAmt
Capital Stock EOY$1,965,731CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$2,024,272TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,965,731TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,024,272TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,965,731TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,024,272TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$58,541ExcessRevenueOverExpensesAmt
Subtotal$1,965,731SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,965,731TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,779InvestmentIncomeExciseTaxAmt
Subtotal$1,779SubtotalAmt
Tax Based On Investment Income$1,779TaxBasedOnInvestmentIncomeAmt
Tax Due$1,779TaxDueAmt

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
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Robert E Price
PO 605AdrianMI49221President3$0
Henry E Mistele
100 W Big Beaver Rd 385TroyMI48084Secretary0$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$3,316,640AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$77,958AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,394,598TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,394,598AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$50,919CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,343,679NetVlNoncharitableAssetsAmt
Minimum Investment Return$167,184MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$167,184MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,779TaxBasedOnInvestmentIncomeAmt
Total Tax$1,779TotalTaxAmt
Distributable Before Adj$165,405DistributableBeforeAdjAmt
Distributable Before Ded$165,405DistributableBeforeDedAmt
Distributable As Adjusted$165,405DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$167,339ExpensesAndContributionsAmt
Qualifying Distributions$167,339QualifyingDistributionsAmt
Adjusted Qualifying Distri$167,339AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$165,405DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$23,331ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$42,476ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov$65,807TotalExcessDistributionCyovAmt
Qualifying Distributions$167,339QualifyingDistributionsAmt
Applied To Current Year$165,405AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,934RemainingDistriFromCorpusAmt
Total Corpus$67,741TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$23,331ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$44,410ExcessDistriCyovToNextYrAmt
Excess From Year4$42,476ExcessFromYear4Amt
Excess From Current Year$1,934ExcessFromCurrentYearAmt

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 (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Junior Achievement
122 E Maunee StADRIANMI49221OperCharitible$5,000
Siena Heights Univ
1247 Siena Heights DrADRIANMI49221OperEducational$35,000
Adrian Schools Edu Fund
785 Riverside DriveADRIANMI49221OperEducational$30,000
Adrian College
110 S MadisonADRIANMI49221OperEducational$50,000
Hospice of Lenawee
1903 Wolf Creek HwyADRIANMI49221OperCharitible$25,000
Lenawee Rely for Life
1755 Abbey RdEAST LANSINGMI48823OperCharitible$2,000
Lenawee Humane Society
705 Beecher StADRIANMI49221OperCharitible$5,000
Michigan State Univ
220 TrowbridgeEAST LANSINGMI48824OperEducational$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$162,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$94,312ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$94,312ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$94,312TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonRobert E PriceContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 605AddressLine1Txt
CityADRIANCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49221ZIPCd
FieldValueIRS element (for citing)
Total Contributions$14,486TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
JP Morgan Chase$55,478$184,488
Bristol Myers Squibb$55,525$116,880
General Electric$1,391,585$2,496,400
IBM$59,019$262,264
Nuveen Large Capital Value Fund$203,107$388,122
Bank of America$152,325$77,350

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryDean & FulkersonCategoryTxt
Legal Fees$2,965LegalFeesAmt
Net Investment Income$2,965NetInvestmentIncomeAmt
Adjusted Net Income$2,965AdjustedNetIncomeAmt
Disbursements Charitable Prps$2,965DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
State of Michigan - License Fees$45$45$45$45
Bank Fees$5$5$5$5

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryInternal Rev Service - 2015 TaxCategoryTxt
Amt$2,324Amt
Net Investment Income$2,324NetInvestmentIncomeAmt
Adjusted Net Income$2,324AdjustedNetIncomeAmt
Disbursements Charitable Prps$2,324DisbursementsCharitablePrpsAmt

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