BETA

THE ROBERT E & ROSEMARY PRICE FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
THE ROBERT E & ROSEMARY PRICE FOUNDATION INC (EIN 38-3247629)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-14
IRS object ID
201511349349100001
Schema version
2014v5.0
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)
Return2015-05-14T06:56:33-04:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

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 Line1100 West Big Beaver RoadAddressLine1Txt
CityTroyCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48084ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

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
Signature2015-05-05SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPaul W LoockPreparerPersonNm
PTINP00638830PTIN
Phone2487604035PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,049,468FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Dividends Rev And Expnss$111,424DividendsRevAndExpnssAmt
Dividends Net Invst Incm$111,424DividendsNetInvstIncmAmt
Dividends Adj Net Incm$111,424DividendsAdjNetIncmAmt
Total Rev And Expnss$111,424TotalRevAndExpnssAmt
Total Net Invst Incm$111,424TotalNetInvstIncmAmt
Total Adj Net Incm$111,424TotalAdjNetIncmAmt
Taxes Rev And Expnss$2,147TaxesRevAndExpnssAmt
Taxes Net Invst Incm$2,147TaxesNetInvstIncmAmt
Taxes Adj Net Incm$2,147TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$2,147TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$20OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$20OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$20OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$20OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,167TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,167TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$2,167TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,167TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$171,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$171,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$173,667TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,167TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$2,167TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$173,667TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$62,243ExcessRevenueOverExpensesAmt
Net Investment Income$109,257NetInvestmentIncomeAmt
Adjusted Net Income$109,257AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$228,805SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$125,550SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$125,550SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,876,030CorporateStockBOYAmt
Corporate Stock EOY$1,917,042CorporateStockEOYAmt
Corporate Stock EOYFMV$2,923,918CorporateStockEOYFMVAmt
Total Assets BOY$2,104,835TotalAssetsBOYAmt
Total Assets EOY$2,042,592TotalAssetsEOYAmt
Total Assets EOYFMV$3,049,468TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$2,104,835CapitalStockBOYAmt
Capital Stock EOY$2,042,592CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$2,104,835TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,042,592TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,104,835TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,042,592TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,104,835TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$62,243ExcessRevenueOverExpensesAmt
Subtotal$2,042,592SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,042,592TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,185InvestmentIncomeExciseTaxAmt
Subtotal$2,185SubtotalAmt
Tax Based On Investment Income$2,185TaxBasedOnInvestmentIncomeAmt
Tax Due$2,185TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
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

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NoneDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,923,918AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$205,893AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,129,811TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,129,811AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$46,947CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,082,864NetVlNoncharitableAssetsAmt
Minimum Investment Return$154,143MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$154,143MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,185TaxBasedOnInvestmentIncomeAmt
Total Tax$2,185TotalTaxAmt
Distributable Before Adj$151,958DistributableBeforeAdjAmt
Distributable Before Ded$151,958DistributableBeforeDedAmt
Distributable As Adjusted$151,958DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$173,667ExpensesAndContributionsAmt
Qualifying Distributions$173,667QualifyingDistributionsAmt
Adjusted Qualifying Distri$173,667AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$151,958DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$42,183ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$79,843ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$23,331ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$42,476ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$187,833TotalExcessDistributionCyovAmt
Qualifying Distributions$173,667QualifyingDistributionsAmt
Applied To Current Year$151,958AppliedToCurrentYearAmt
Remaining Distri From Corpus$21,709RemainingDistriFromCorpusAmt
Total Corpus$209,542TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$42,183ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$167,359ExcessDistriCyovToNextYrAmt
Excess From Year4$79,843ExcessFromYear4Amt
Excess From Year3$23,331ExcessFromYear3Amt
Excess From Year2$42,476ExcessFromYear2Amt
Excess From Current Year$21,709ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNoneContributingManagerNm
Shareholder ManagerNoneShareholderManagerNm

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 (15 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Adrian Diamond Club
1523 Cherry DrADRIANMI49221OperCharitible$14,000
Adrian College
110 S MadisonADRIANMI49221OperEducational$25,000
Hospice of Lenawee
1903 Wolf Creek HwyADRIANMI49221OperCharitible$25,000
Lenawee Relay for Life
1755 Abbey RdEAST LANSINGMI48823OperCharitible$5,000
Communities in Schools
136 E MaumeeADRIANMI49221OperEducational$5,000
Sienna Heights Univ
1247 Sienna Heights DrADRIANMI49221OperEducational$10,000
Pixies Animal Welfare
PO Box 342BRIGHTONMI48114OperEducational$5,000
Tecumseh Community Scho
211 Ottawa StTECUMSEHMI49286OperEducational$2,500
Adrian Symphony
110 S Madison StADRIANMI49221OperCharitible$5,000
Croswell Opera House
129 E Maumee StADRIANMI49221OperCharitible$5,000
Blissfield American
212 N Verlinden AveLANSINGMI48915OperCharitible$5,000
Junior Achievement
122 E Maumee StADRIANMI49221OperCharitible$5,000
Sienna Heights Univ
1247 Sienna Heights DrADRIANMI49221OperEducational$25,000
Adrian Schools Edu Fnd
785 Riverside DrADRIANMI49221OperCharitible$10,000
Adrian College
110 S MadisonADRIANMI49221OperEducational$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$171,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$111,424ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$111,424ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$111,424TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
JP Morgan Chase$55,478$133,796
Bristol Myers Squibb$55,528$118,060
General Electric$1,391,585$1,996,330
IBM$59,019$253,495
Nuveen Large Capital Value Fund$203,107$359,622
Bank of America$152,325$62,615

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescState of Michigan Annual FeeDesc
Revenue And Expenses Per Books$20RevenueAndExpensesPerBooksAmt
Net Investment Income$20NetInvestmentIncomeAmt
Adjusted Net Income$20AdjustedNetIncomeAmt
Disbursements Charitable Prps$20DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIRS Excise TaxCategoryTxt
Amt$2,147Amt
Net Investment Income$2,147NetInvestmentIncomeAmt
Adjusted Net Income$2,147AdjustedNetIncomeAmt
Disbursements Charitable Prps$2,147DisbursementsCharitablePrpsAmt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.