GLENDA D PRICE FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
GLENDA D PRICE FOUNDATION (EIN 46-4336250)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-06-30
IRS object ID
201741819349100204
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)
Return2017-06-30T12:23:26-04:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN382463166PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ALAN C YOUNG & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17310 WOODWARD AVE STE 740AddressLine1Txt
CityDETROITCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48202ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464336250EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GLENDA D PRICE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGLENBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line119460 BURLINGTON DRAddressLine1Txt
CityDETROITCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGLENDA D PRICEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2017-06-12SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonALAN C YOUNGPreparerPersonNm
PTINP00138984PTIN
Phone3138737500PhoneNum
Preparation2017-06-12PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device Id3D88D5525D292E2E083CD3EC8DA3F75A7F5615BFAtSubmissionCreationDeviceId
At Submission Filing Device Id3D88D5525D292E2E083CD3EC8DA3F75A7F5615BFAtSubmissionFilingDeviceId
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$182,778FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$3,442DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,442DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$1,055NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,055GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,055CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$4,498TotalRevAndExpnssAmt
Total Net Invst Incm$4,498TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$425AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$789OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,214TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$40,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$40,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$41,214TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$40,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$36,716ExcessRevenueOverExpensesAmt
Net Investment Income$4,498NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$1,438SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$8,390SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$8,390SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$126,544USGovernmentObligationsBOYAmt
US Government Obligations EOY$105,768USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$105,768USGovtObligationsEOYFMVAmt
Corporate Stock BOY$8,568CorporateStockBOYAmt
Other Investments BOY$79,592OtherInvestmentsBOYAmt
Other Investments EOY$68,620OtherInvestmentsEOYAmt
Other Investments EOYFMV$68,620OtherInvestmentsEOYFMVAmt
Total Assets BOY$216,142TotalAssetsBOYAmt
Total Assets EOY$182,778TotalAssetsEOYAmt
Total Assets EOYFMV$182,778TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$216,142UnrestrictedBOYAmt
Unrestricted EOY$182,778UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$216,142TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$182,778TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$216,142TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$182,778TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$216,142TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$36,716ExcessRevenueOverExpensesAmt
Other Increases$3,352OtherIncreasesAmt
Subtotal$182,778SubtotalAmt
Tot Net Ast Or Fund Balances EOY$182,778TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$1,055CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$19,944AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$231,468NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.086163DistributionYr1Rt
Adjusted Qlfy Distri Yr2$12,500AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$244,772NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.051068DistributionYr2Rt
Total Distribution0.137231TotalDistributionRt
Average Distribution0.068616AverageDistributionRt
Net Vl Noncharitable Assets$180,037NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$12,353AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$45NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$12,398AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$40,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$45InvestmentIncomeExciseTaxAmt
Subtotal$45SubtotalAmt
Tax Based On Investment Income$45TaxBasedOnInvestmentIncomeAmt
Tax Due$45TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksDRGLENDA D PRICEIndividualWithBooksNm
Phone3138934069PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line119460 BURLINGTON DRAddressLine1Txt
CityDETROITCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48203ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonGLENDA D PRICEPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line119460 BURLINGTON DRAddressLine1Txt
CityDETROITCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48203ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos000.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1TO PROMOTE CHARITABLE,EDUCATIONAL,SCIENTIFIC OR LITERARY PURPOSES AND TO LESSEN THE FINANCIAL BURDEN OF GOVERNMENT.Description1Txt
Expenses1$40,000Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$182,779FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$182,779TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$182,779AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,742CashDeemedCharitableAmt
Net Vl Noncharitable Assets$180,037NetVlNoncharitableAssetsAmt
Minimum Investment Return$9,002MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$40,000ExpensesAndContributionsAmt
Qualifying Distributions$40,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$45PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$39,955AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$40,000QualifyingDistributionsAmt
Remaining Distri From Corpus$40,000RemainingDistriFromCorpusAmt
Total Corpus$40,000TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year2$4,922Year2Amt
Total$4,922TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Year2$4,184Year2Amt
Total$4,184TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$40,000CurrentYearAmt
Year1$20,000Year1Amt
Year2$12,500Year2Amt
Total$72,500TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$40,000CurrentYearAmt
Year1$20,000Year1Amt
Year2$12,500Year2Amt
Total$72,500TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$6,001CurrentYearAmt
Year1$7,715Year1Amt
Year2$8,159Year2Amt
Total$21,875TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Shareholder ManagerNAShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonGLENDA D PRICERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line119460 BURLINGTON DRIVEAddressLine1Txt
CityDETROITCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48203ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3138934069RecipientPhoneNum
Form And Info And MaterialsNONEFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsFUNDS AWARDED IN ORDER TO FURTHER CHARITABLE, EDUCATIONAL, SCIENTIFIC OR LITERARY PURPOSES, AND TO LESSEN THE FINANCIAL BURDEN OF GOVERNMENTRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MARYGROVE COLLEGE
8425 W MCNICHOLSDETROITMI48202NONEPROMOTE EDUCATION$12,500
DETROIT SYMPHONY ORCHESTRA
3711 WOODWARD AVEDETROITMI48201NONECHARITABLE$10,000
IHM SISTERS
610 ELMMONROEMI48162NONECHARITABLE$5,000
MICHIGAN SCIENCE CENTER
5050 JOHN RDETROITMI48202NONECULTURAL$1,500
FOCUS HOPE
1200 OAKMAN BLVDDETROITMI48238CHARITABLE$1,000
CHARLES H WRIGHT MUSEUM
315 WARREN AVEDETROITMI48201CULTURAL$5,000
CRISTO REY HIGH SCHOOL
5679 W VERNON HWYDETROITMI48209CHARITABLE$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$40,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,442ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,055RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,442ExclusionAmt
Related Or Exempt Function Incm$1,056RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,498TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$425Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockINTERNATIONAL EQUITYStockNm

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$105,768USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$105,768USGovtObligationsEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
FIXED INCOME HOLDINGSFMV$68,620$68,620
ALT. INVESTMENT HOLDINGSFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
ADVISORY FEE$789

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAIN ON INVESTMENTSDesc
Amt$3,352Amt

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