PARK FAMILY FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PARK FAMILY FOUNDATION (EIN 20-2210340)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-14
- IRS object ID
- 201201359349100130
- Schema version
- 2011v1.2
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Compensation Explanation
- Depreciation Schedule
- Land Etc Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Notes Loans Rcvbl Short Sch2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-14T08:44:16-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLDREY SENCHUK ROULEAU & WILLIAMS CPAS | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 117 S STATE AVE | AddressLine1 |
| City | ALPENA | City |
| State | MI | State |
| ZIP Code | 497072844 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202210340 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PARK FAMILY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PARK | NameControl |
| Phone | 9893541100 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12805 YACHT CLUB CIRCLE | AddressLine1 |
| City | FORT MYERS | City |
| State | FL | State |
| ZIP Code | 33919 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMES C PARK | Name |
| Title | PRESIDENT | Title |
| Phone | 9893541100 | Phone |
| Date Signed | 2012-05-02 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARIE F WILLIAMS CPA | Name |
| Phone | 9893569065 | Phone |
| Date Prepared | 2012-05-14 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 338995 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 682203 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 38 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 38 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 38 | InterestOnSavingsAdjNetIncm |
| Other Income Rev And Expnss | 199 | OtherIncomeRevAndExpnss |
| Other Income Adj Net Incm | 199 | OtherIncomeAdjNetIncm |
| Total Revenue And Expenses | 682440 | TotalRevenueAndExpenses |
| Total Net Investment Income | 38 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 237 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 925 | AccountingFeesRevAndExpnss |
| Accounting Fees Dsbrs Chrtbl Prps | 925 | AccountingFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 84000 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Dsbrs Chrtbl Prps | 84000 | OtherProfFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 1366 | TaxesRevAndExpnss |
| Deprec And Depletion Rev And Expnss | 155109 | DeprecAndDepletionRevAndExpnss |
| Other Expenses Rev And Expnss | 110936 | OtherExpensesRevAndExpnss |
| Other Expenses Dsbrs Chrtbl Prps | 936 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 352336 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 85861 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 0 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 0 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 352336 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 85861 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 330104 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 38 | NetInvestmentIncome |
| Adjusted Net Income | 237 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 290525 | CashBOY |
| Cash EOY | 27480 | CashEOY |
| Cash EOYFMV | 27480 | CashEOYFMV |
| Savings And Temp Cash Invst EOY | 298435 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 300815 | SavingsAndTempCashInvstEOYFMV |
| Other Notes And Loans Receivable | 10702 | OtherNotesAndLoansReceivable |
| Other Notes And Loans Rcvbl EOY | 10702 | OtherNotesAndLoansRcvblEOY |
| Other Notes And Loans Rcvbl EOYFMV | 10700 | OtherNotesAndLoansRcvblEOYFMV |
| Land Building And Equipment Basis | 4762678 | LandBuildingAndEquipmentBasis |
| Accum Deprec Land Bldg And Equip | 429347 | AccumDeprecLandBldgAndEquip |
| Land Building And Equipment BOY | 4210383 | LandBuildingAndEquipmentBOY |
| Land Building And Equipment EOY | 4333331 | LandBuildingAndEquipmentEOY |
| Other Assets BOY | 11232 | OtherAssetsBOY |
| Other Assets EOY | 10296 | OtherAssetsEOY |
| Total Assets BOY | 4512140 | TotalAssetsBOY |
| Total Assets EOY | 4680244 | TotalAssetsEOY |
| Total Assets EOYFMV | 338995 | TotalAssetsEOYFMV |
| Accounts Payable EOY | 38000 | AccountsPayableEOY |
| Other Liabilities BOY | 400000 | OtherLiabilitiesBOY |
| Other Liabilities EOY | 200000 | OtherLiabilitiesEOY |
| Total Liabilities BOY | 400000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 238000 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 4112140 | UnrestrictedBOY |
| Unrestricted EOY | 4442244 | UnrestrictedEOY |
| Total Net Assets BOY | 4112140 | TotalNetAssetsBOY |
| Total Net Assets EOY | 4442244 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 4512140 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 4680244 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 4112140 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 330104 | ExcessOfRevenueOverExpenses |
| Subtotal | 4442244 | Subtotal |
| Total Net Assets Fund Balances EOY | 4442244 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 1982223 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 869299 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 2.280255 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 225011 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 968016 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.232446 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 54415 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 790663 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.068822 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 47959 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 448996 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.106814 | DistributionRatioYear4 |
| Total Distribution Ratio | 2.688337 | TotalDistributionRatio |
| Average Distribution Ratio | 0.672084 | AverageDistributionRatio |
| Net Noncharitable Assets | 191654 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 128808 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 128808 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 363918 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
| Amount Credited To Next Year | 0 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | MI | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | JAMES C PARK | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 9893541100 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 JOHNSON ST | AddressLine1 |
| City | ALPENA | City |
| State | MI | State |
| ZIP Code | 49707 | ZIPCode |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| JAMES C PARK | ||||||||
| 801 JOHNSON ST | ALPENA | MI | 49707 | PRES / SECRE | 10.00 | 0 | 0 | 0 |
| PHILLIP SCOTT PARK | ||||||||
| 801 JOHNSON ST | ALPENA | MI | 49707 | VICE PRESIDE | 10.00 | 0 | 0 | 0 |
| JAMES C PARK | ||||||||
| 801 JOHNSON ST | ALPENA | MI | 49707 | DIRECTOR | 10.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | OPERATING THE ALPENA APLEX, FORMERLY KNOWN AS THE THUNDER BAY RECREATION CENTER IN ALPENA, MI. (PROVIDING ECONOMICAL RECREATION TO THE COMMUNITY) | Description1 |
| Expenses1 | 194000 | Expenses1 |
| Description2 | GRANTS TO LOCAL CHURCHES, LIBRARIES, SOCIAL WELFARE AND RECREATION ORGANIZATIONS | Description2 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 24870 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 159003 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 10700 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 194573 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 194573 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 2919 | CashDeemedCharitable |
| Net Noncharitable Assets | 191654 | NetNoncharitableAssets |
| Minimum Investment Return | 9583 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 9583 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 9583 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 9583 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 9583 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 85861 | ExpensesAndContributions |
| Amounts Paid Acq Charitable Assets | 278057 | AmountsPaidAcqCharitableAssets |
| Qualifying Distributions | 363918 | QualifyingDistributions |
| Adj Qualifying Distributions | 363918 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 9583 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year4 | 25554 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 130884 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 176838 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 1938800 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 2272076 | TotalExcessDistriCarryover |
| Qualifying Distributions | 363918 | QualifyingDistributions |
| Applied To Current Year | 9583 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 354335 | RemainingDistriFromCorpus |
| Total Corpus | 2626411 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 2626411 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 25554 | ExcessFromYear4 |
| Excess From Year3 | 130884 | ExcessFromYear3 |
| Excess From Year2 | 176838 | ExcessFromYear2 |
| Excess From Year1 | 1938800 | ExcessFromYear1 |
| Excess From Current Year | 354335 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JAMES C PARK PRESIDENT | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | JAMES C PARK | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 JOHNSON ST | AddressLine1 |
| City | ALPENA | City |
| State | MI | State |
| ZIP Code | 49707 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 9893541100 | RecipientPhoneNumber |
| Form And Info And Materials | WRITTEN FORM, NO RESTRICTIONS | FormAndInfoAndMaterials |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $38 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
Other Revenue Described OtherRevenueDescribed
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISC | Description |
| Related Or Exempt Function Income | 199 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $38 | ExclusionAmount |
| Related Or Exempt Function Income | 199 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 237 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo (6 entries)
| Contributor NumberContributorNumber | Contributor Name IndividualContributorNameIndividual | Address Line1ContributorAddressUS/AddressLine1 | CityContributorAddressUS/City | StateContributorAddressUS/State | ZIP CodeContributorAddressUS/ZIPCode | Aggregate ContributionsAggregateContributions | Person Contribution TypePersonContributionType | Noncash Contribution TypeNoncashContributionType |
|---|---|---|---|---|---|---|---|---|
| 1 | PHILLIP SCOTT PARK | 500 ROOSEVELT | GLEN ELLYN | IL | 60137 | 35000 | X | |
| 2 | JAMES C PARK | 12805 YACHT CLUB CIRCLE | FORT MYERS | FL | 33919 | 200000 | X | |
| 3 | JAMES C PARK CHARITABLE LEAD | 12805 YACHT CLUB CIRCLE | FORT MYERS | FL | 33919 | 302203 | X | X |
| 4 | BESSER FOUNDATION | 125 N 2ND AVE | ALPENA | MI | 49707 | 100000 | X | |
| 5 | CITY OF ALPENA | 208 N 1ST AVE | ALPENA | MI | 49707 | 20000 | X | |
| 6 | KIMBERLY A PARK | 11 BROOKS BEND | NEW HOPE | PA | 18938 | 25000 | X |
Noncash Property NoncashProperty
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number From Part I | 3 | ContributorNumberFromPartI |
| Noncash Property Description | 8500 SHARES FUNDAMENTAL INVS INC | NoncashPropertyDescription |
| Fair Market Value | 298435 | FairMarketValue |
| Date Received | 2011-12-28 | DateReceived |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | Category |
| Amount | $925 | Amount |
| Disbursements Charitable Prps | 925 | DisbursementsCharitablePrps |
Compensation Explanation CompensationExplanation
Compensation Compensation (3 entries)
| JAMES C PARK |
| PHILLIP SCOTT PARK |
| JAMES C PARK |
Depreciation Schedule DepreciationSchedule
Depreciation Depreciation (13 entries)
| Description Of PropertyDescriptionOfProperty | Date AcquiredDateAcquired | Cost Or Other BasisCostOrOtherBasis | Prior Years DepreciationPriorYearsDepreciation | Computation MethodComputationMethod | LifeLife | Current Year ExpenseCurrentYearExpense |
|---|---|---|---|---|---|---|
| BUILDING | 2007-12-31 | 2708619 | 214143 | S/L | 39.0000 | 69452 |
| VOLLEYBALL COURTS & RELATED IMPROVEMENTS | 2009-05-31 | 62246 | 2594 | S/L | 39.0000 | 1596 |
| APLEX CONFERENCE CENTER | 2010-02-19 | 210270 | 4718 | S/L | 39.0000 | 5391 |
| APLEX CONFERENCE CENTER | 2010-05-20 | 343886 | 5511 | S/L | 39.0000 | 8818 |
| APLEX CONFERENCE CENTER | 2010-07-19 | 355952 | 4183 | S/L | 39.0000 | 9127 |
| ENERGY EFFICIENT LIGHTS IMPROVEMENT | 2010-09-20 | 22379 | 167 | S/L | 39.0000 | 574 |
| APLEX CONFERENCE CENTER | 2010-08-23 | 208484 | 2005 | S/L | 39.0000 | 5345 |
| APLEX CONFERENCE CENTER | 2010-10-25 | 414209 | 2213 | S/L | 39.0000 | 10620 |
| APLEX CONFERENCE CENTER | 2010-12-08 | 120000 | 128 | S/L | 39.0000 | 3077 |
| KITCHEN EQUIPMENT | 2010-12-17 | 22116 | 22116 | 200DB | 7.0000 | |
| 60 TABLES AND 628 CHAIRS | 2010-10-25 | 16460 | 16460 | 200DB | 7.0000 | |
| BUILDING IMPROVEMENTS | 2011-05-19 | 240807 | S/L | 39.0000 | 3859 | |
| KITCHEN EQPT & UPGRADES | 2011-07-01 | 37250 | 200DB | 7.0000 | 37250 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cost Or Other Basis | 4762678 | CostOrOtherBasis |
| Accumulated Depreciation | 429347 | AccumulatedDepreciation |
| Book Value | 4333331 | BookValue |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets (2 entries)
| DescriptionDescription | BOY Book ValueBOYBookValue | EOY Book ValueEOYBookValue |
|---|---|---|
| ORGANIZATIONAL COSTS | 14040 | 14040 |
| LESS ACCUMULATED AMORTIZATION | -2808 | -3744 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|
| EXPENSES | ||
| AMORTIZATION | 936 | 936 |
| APLEX OPERATING EXPENSES | 110000 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISC | Description |
| Revenue And Expenses Per Books | 199 | RevenueAndExpensesPerBooks |
| Adjusted Net Income | 199 | AdjustedNetIncome |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LOAN PAYABLE - TRUST | Description |
| BOY Book Value | 400000 | BOYBookValue |
| EOY Book Value | 200000 | EOYBookValue |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShort (2 entries)
| LOAN TO JON BENSON-KITCHEN STARTUP |
| ROUNDING |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees (2 entries)
| CategoryCategory | AmountAmount | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|
| APLEX MANAGEMENT FEES | $80,000 | 80000 |
| NLA MANAGEMENT FEES | $4,000 | 4000 |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount |
|---|---|
| FEDERAL TAX | $21 |
| LICENSES & PERMITS | $1,345 |
Comments