THE TEN TALENT FOUNDATION LTD: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
THE TEN TALENT FOUNDATION LTD (EIN 39-1822359)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-08
IRS object ID
201321289349100647
Schema version
2012v2.1
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)
Timestamp2013-05-08T13:55:54-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEBER TANS PLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1555 W CROSSTOWN PARKWAY STE 304AddressLine1
CityKALAMAZOOCity
StateMIState
ZIP Code49008ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN391822359EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE TEN TALENTS FOUNDATION LTDBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlTENTNameControl
Phone2692172002Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line12435 WAITE AVENUEAddressLine1
CityKALAMAZOOCity
StateMIState
ZIP Code49008ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSAM CUPPSName
TitleTREASURERTitle
Phone2692172002Phone
Date Signed2013-05-01DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameSUSAN M VALENTINEName
Phone2693438180Phone
Date Prepared2013-05-02DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY421406FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss10000ContriReceivedRevAndExpnss
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss2InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm2InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss1238DividendsRevAndExpnss
Dividends Net Invst Incm1238DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss38706NetGainSaleAssetsRevAndExpnss
Gross Sales Price1212265GrossSalesPrice
Capital Gain Net Incm Net Invst Incm38706CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses49946TotalRevenueAndExpenses
Total Net Investment Income39946TotalNetInvestmentIncome
Accounting Fees Rev And Expnss1445AccountingFeesRevAndExpnss
Accounting Fees Dsbrs Chrtbl Prps1445AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss2500TaxesRevAndExpnss
Taxes Dsbrs Chrtbl Prps2500TaxesDsbrsChrtblPrps
Other Expenses Rev And Expnss409OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps409OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss4354TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps4354TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss30000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps30000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss34354TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps34354TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses15592ExcessOfRevenueOverExpenses
Net Investment Income39946NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY37859SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY18823SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV18823SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY319655InvestmentsCorpStockBOY
Investments Corp Stock EOY365568InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV402583InvestmentsCorpStockEOYFMV
Investments Other BOY11285InvestmentsOtherBOY
Total Assets BOY368799TotalAssetsBOY
Total Assets EOY384391TotalAssetsEOY
Total Assets EOYFMV421406TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY368799RetainedEarningsBOY
Retained Earnings EOY384391RetainedEarningsEOY
Total Net Assets BOY368799TotalNetAssetsBOY
Total Net Assets EOY384391TotalNetAssetsEOY
Total Liabilities Net Assets BOY368799TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY384391TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY368799TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses15592ExcessOfRevenueOverExpenses
Subtotal384391Subtotal
Total Net Assets Fund Balances EOY384391TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLosses
PUBLICLY TRADED SECURITIESP11300841132997-2913-2913
PUBLICLY TRADED SECURITIESP82181405624161941619
FieldValueIRS element (for citing)
Capital Gain Net Income38706CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year122913QualifyingDistributionsYear1
Noncharitable Assets Year1440853NoncharitableAssetsYear1
Distribution Ratio Year10.051974DistributionRatioYear1
Qualifying Distributions Year218660QualifyingDistributionsYear2
Noncharitable Assets Year2327032NoncharitableAssetsYear2
Distribution Ratio Year20.057059DistributionRatioYear2
Qualifying Distributions Year316786QualifyingDistributionsYear3
Noncharitable Assets Year3256621NoncharitableAssetsYear3
Distribution Ratio Year30.065412DistributionRatioYear3
Qualifying Distributions Year417883QualifyingDistributionsYear4
Noncharitable Assets Year4286736NoncharitableAssetsYear4
Distribution Ratio Year40.062367DistributionRatioYear4
Qualifying Distributions Year518982QualifyingDistributionsYear5
Noncharitable Assets Year5330441NoncharitableAssetsYear5
Distribution Ratio Year50.057444DistributionRatioYear5
Total Distribution Ratio0.294256TotalDistributionRatio
Average Distribution Ratio0.058851AverageDistributionRatio
Net Noncharitable Assets430729NetNoncharitableAssets
Adjusted Noncharitable Assets25349AdjustedNoncharitableAssets
One Percent Net Investment Income399OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One25748AdjNonchrtblAssetsAndOnePct
Qualifying Distributions34354QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax399InvestmentIncomeExciseTax
Subtotal399Subtotal
Tax Based On Investment Income399TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment697EstTaxPaymentsAndOverpayment
Total Credits And Payments697TotalCreditsAndPayments
Overpayment298Overpayment
Amount Credited To Next Year298AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithWIStatesFiledWith
States Filed WithMIStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressWWW.TENTALENTSFOUNDATION.ORGWebsiteAddress
Books In Care Of Person NameSAMUEL H CUPPSBooksInCareOfPersonName
Books In Care Of Phone Number2693828050BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line12435 WAITE AVENUEAddressLine1
CityKALAMAZOOCity
StateMIState
ZIP Code49008ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (6 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
ANDREW S CUPPS
1853 N HOWE STREETCHICAGOIL60614PRESIDENT1.00000
STEVEN DONOGHUE
1415 PARKER 665DETROITMI48214VICE-PRES1.00000
SAMUEL H CUPPS
2435 WAITE AVENUEKALAMAZOOMI49008TREASURER1.00000
CAROLE D CUPPS
2435 WAITE AVENUEKALAMAZOOMI49008SECRETARY1.00000
DANIELLE CUPPS
1853 N HOWE STREETCHICAGOIL60614DIRECTOR1.00000
LAURA DONOGHUE
1415 PARKER 665DETROITMI48214DIRECTOR1.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1N/ADescription1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities409135AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances28153AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets437288TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets437288AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable6559CashDeemedCharitable
Net Noncharitable Assets430729NetNoncharitableAssets
Minimum Investment Return21536MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return21536MinimumInvestmentReturn
Tax Based On Investment Income399TaxBasedOnInvestmentIncome
Total Tax399TotalTax
Distributable Amount Before Adj21137DistributableAmountBeforeAdj
Distributable Amount Before Ded21137DistributableAmountBeforeDed
Distributable Amount As Adjusted21137DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions34354ExpensesAndContributions
Qualifying Distributions34354QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm399OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions33955AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted21137DistributableAmountAsAdjusted
Excess Distri Carryover Year53226ExcessDistriCarryoverYear5
Excess Distri Carryover Year43546ExcessDistriCarryoverYear4
Excess Distri Carryover Year33955ExcessDistriCarryoverYear3
Excess Distri Carryover Year23236ExcessDistriCarryoverYear2
Excess Distri Carryover Year13513ExcessDistriCarryoverYear1
Total Excess Distri Carryover17476TotalExcessDistriCarryover
Qualifying Distributions34354QualifyingDistributions
Applied To Current Year21137AppliedToCurrentYear
Remaining Distri From Corpus13217RemainingDistriFromCorpus
Total Corpus30693TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year53226ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year27467ExcessDistriCyovToNextYear
Excess From Year43546ExcessFromYear4
Excess From Year33955ExcessFromYear3
Excess From Year23236ExcessFromYear2
Excess From Year13513ExcessFromYear1
Excess From Current Year13217ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerANDREW S CUPPSContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
JUNIOR ACHIEVEMENT
15189 S HELMER ROADBATTLE CREEKMI49015NONEPUBLICGENERAL SUPPORT$8,000
BOYS GIRLS CLUB
550 W VAN BURENCHICAGOIL60607NONEPUBLICGENERAL SUPPORT$2,000
KIPP FOUNDATION
33 NORTH DEARBORNCHICAGOIL60602NONEPUBLICGENERAL SUPPORT$12,000
NEW LEADERS
17 N STATE ST STE 1790CHICAGOIL60602NONEPUBLICGENERAL SUPPORT$8,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year30000TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$2ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$1,238ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion$38,706ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$39,946ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA39946TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategory
Amount$1,445Amount
Disbursements Charitable Prps1445DisbursementsCharitablePrps

Compensation Explanation CompensationExplanation

Compensation Compensation (6 entries)

ANDREW S CUPPS
STEVEN DONOGHUE
SAMUEL H CUPPS
CAROLE D CUPPS
DANIELLE CUPPS
LAURA DONOGHUE

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of StockSTOCK INVESTMENTSNameOfStock
EOY Book Value365568EOYBookValue
EOYFMV402583EOYFMV

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

FieldValueIRS element (for citing)
Category Or ItemMUTUAL FUNDSCategoryOrItem
Listed At Cost Or FMVAT COSTListedAtCostOrFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksDisbursements Charitable PrpsDisbursementsCharitablePrps
EXPENSES
STATE FILING FEES-MI3030
NATIONAL REGISTERED AGENTS-WI189189
WEB HOSTING190190

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryFEDERAL TAXCategory
Amount$2,500Amount
Disbursements Charitable Prps2500DisbursementsCharitablePrps

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