MFS FOUNDATION INC: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
MFS FOUNDATION INC (EIN 58-1870890)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-05-17
IRS object ID
201211389349100516
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-05-17T13:37:26-07:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1BARRY M WEINER CPA PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line190 WEST WIEUCA RD SUITE 107AddressLine1
CityATLANTACity
StateGAState
ZIP Code30342ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN581870890EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MFS FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMFSFNameControl
Phone7709658037Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line16244 LEXINGTON ROADAddressLine1
CityRAYLECity
StateGAState
ZIP Code30660ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameJUDITH VERRICO STICHName
TitlePRESIDENTTitle
Phone7709658037Phone
Date Signed2012-05-14DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameBARRY M WEINER CPAName
Phone4042554303Phone
Date Prepared2012-05-17DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY402865FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss12457DividendsRevAndExpnss
Dividends Net Invst Incm12457DividendsNetInvstIncm
Dividends Adj Net Incm12457DividendsAdjNetIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Net STCG Adj Net Incm16NetSTCGAdjNetIncm
Other Income Rev And Expnss-541OtherIncomeRevAndExpnss
Other Income Net Invst Incm-541OtherIncomeNetInvstIncm
Other Income Adj Net Incm-541OtherIncomeAdjNetIncm
Total Revenue And Expenses11916TotalRevenueAndExpenses
Total Net Investment Income11916TotalNetInvestmentIncome
Total Adjusted Net Income11932TotalAdjustedNetIncome
Accounting Fees Rev And Expnss975AccountingFeesRevAndExpnss
Other Prof Fees Rev And Expnss600OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm600OtherProfFeesNetInvstIncm
Other Prof Fees Adj Net Incm600OtherProfFeesAdjNetIncm
Taxes Rev And Expnss252TaxesRevAndExpnss
Taxes Net Invst Incm111TaxesNetInvstIncm
Taxes Adj Net Incm111TaxesAdjNetIncm
Other Expenses Rev And Expnss74OtherExpensesRevAndExpnss
Tot Opr Expenses Rev And Expnss1901TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm711TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm711TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss18450ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps18450ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss20351TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm711TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm711TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps18450TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-8435ExcessOfRevenueOverExpenses
Net Investment Income11205NetInvestmentIncome
Adjusted Net Income11221AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY4550CashBOY
Cash EOY2049CashEOY
Cash EOYFMV2049CashEOYFMV
Savings And Temp Cash Invst BOY34699SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY21905SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV21905SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY254969InvestmentsCorpStockBOY
Investments Corp Stock EOY258529InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV378911InvestmentsCorpStockEOYFMV
Total Assets BOY294218TotalAssetsBOY
Total Assets EOY282483TotalAssetsEOY
Total Assets EOYFMV402865TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY294218CapitalStockBOY
Capital Stock EOY282483CapitalStockEOY
Total Net Assets BOY294218TotalNetAssetsBOY
Total Net Assets EOY282483TotalNetAssetsEOY
Total Liabilities Net Assets BOY294218TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY282483TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY294218TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-8435ExcessOfRevenueOverExpenses
Subtotal285783Subtotal
Other Decreases3300OtherDecreases
Total Net Assets Fund Balances EOY282483TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (7 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceDepreciationDepreciationCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossFMV As Of123169FMVAsOf123169Adjusted Basis As Of123169AdjustedBasisAsOf123169Excess Of FMV Over Adjusted BasisExcessOfFMVOverAdjustedBasisGains Minus Excess Or LossesGainsMinusExcessOrLosses
.42857 shs, Motorola Solutions IncP2011-01-072011-01-0716001600016
200 shs, Amerigas Partners LPP2002-01-222011-06-2987750242363520006352
500 shs, Louisiana Pacific CorpP2006-09-202011-08-31326906750-3481000-3481
62.5 shs, Motorola Mobility HoldingsP2003-06-052011-04-29161501764-149000-149
500 shs, Pitney Bowes, Inc.P2010-01-052011-08-319974011213-1239000-1239
200 shs, Research in Motion LTDP2009-10-302011-04-299614012205-2591000-2591
4 share, Westwood One IncP2006-09-282011-06-29002208-2208000-2208
FieldValueIRS element (for citing)
Capital Gain Net Income-3300CapitalGainNetIncome
Net Short Term Capital Gain Or Loss16NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Qualifying Distributions Year118209QualifyingDistributionsYear1
Noncharitable Assets Year1360874NoncharitableAssetsYear1
Distribution Ratio Year10.050458DistributionRatioYear1
Qualifying Distributions Year217300QualifyingDistributionsYear2
Noncharitable Assets Year2328006NoncharitableAssetsYear2
Distribution Ratio Year20.052743DistributionRatioYear2
Qualifying Distributions Year325186QualifyingDistributionsYear3
Noncharitable Assets Year3338535NoncharitableAssetsYear3
Distribution Ratio Year30.074397DistributionRatioYear3
Qualifying Distributions Year423685QualifyingDistributionsYear4
Noncharitable Assets Year4498218NoncharitableAssetsYear4
Distribution Ratio Year40.047539DistributionRatioYear4
Qualifying Distributions Year516721QualifyingDistributionsYear5
Noncharitable Assets Year5508851NoncharitableAssetsYear5
Distribution Ratio Year50.032860DistributionRatioYear5
Total Distribution Ratio0.257997TotalDistributionRatio
Average Distribution Ratio0.051599AverageDistributionRatio
One Percent Net Investment Income112OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One112AdjNonchrtblAssetsAndOnePct
Qualifying Distributions18450QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax112InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal112Subtotal
Tax Based On Investment Income112TaxBasedOnInvestmentIncome
Tax Paid Original Return0TaxPaidOriginalReturn
Tax Due112TaxDue
Amount Credited To Next Year0AmountCreditedToNextYear

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 Sect508efalseRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
Form990 PF Filed With AGfalseForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrfalseComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameJUDITH VERRICO-STICHBooksInCareOfPersonName
Books In Care Of Phone Number7709658037BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line16244 LEXINGTON ROADAddressLine1
CityRAYLECity
StateGAState
ZIP Code30660ZIPCode
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
Undistr Income4942a2 Not AppliedfalseUndistrIncome4942a2NotApplied
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

FieldValueIRS element (for citing)
Person NameJUDITH VERRICO STICHPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line12970 LEGISLATIVE LANEAddressLine1
CityBUFORDCity
StateGAState
ZIP Code30519ZIPCode
FieldValueIRS element (for citing)
TitlePRESIDENTTitle
Avg Hours Per Wk Devoted To Position2.00AvgHoursPerWkDevotedToPosition
Compensation600Compensation
Contri To Empl Benefit Plans Etc0ContriToEmplBenefitPlansEtc
Expense Account Other Allowances0ExpenseAccountOtherAllowances
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances0AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets0TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets0AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable0CashDeemedCharitable
Net Noncharitable Assets0NetNoncharitableAssets
Minimum Investment Return0MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Tax Based On Investment Income112TaxBasedOnInvestmentIncome
Total Tax112TotalTax
Distributable Amount As Adjusted0DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions18450ExpensesAndContributions
Qualifying Distributions18450QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm112OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions18338AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted0DistributableAmountAsAdjusted
Undistributed Income Prior Year17903UndistributedIncomePriorYear
Excess Distri Carryover Year13055ExcessDistriCarryoverYear1
Total Excess Distri Carryover3055TotalExcessDistriCarryover
Qualifying Distributions18450QualifyingDistributions
Applied To Year13055AppliedToYear1
Remaining Distri From Corpus15395RemainingDistriFromCorpus
Total Corpus18450TotalCorpus
Taxable Amount214848TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov To Next Year18450ExcessDistriCyovToNextYear
Excess From Year13055ExcessFromYear1
Excess From Current Year15395ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManager
Shareholder ManagerNONEShareholderManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (9 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
ARMSTRONG COMMUNITY MUSIC SCHOOL
901 BARTON SPRINGS RDAUSTINTX78704PUBLICCHARITYMUSIC$2,000
AUSTIN CLASSICAL GUITAR SOCIETY
PO BOX 4072AUSTINTX78765PUBLICCHARITYMUSIC$10,000
SALVATION ARMY
509 N ALEXANDER AVEWASHINGTONGA30673PUBLICCHARITYMEDICAL$600
DOCTORS WITHOUT BORDERS
PO BOX 5022HAGERSTOWNMD21741PUBLICCHARITYMEDICAL$700
1ST UNITED METHODIST CHURCH
2780 THOMPSON BRIDGE ROADGAINESVILLEGA30506PUBLICCHARITYMUSIC$3,500
LEUKEMIA & LYMPHOMA SOCIETY
1311 MAMRONECK AVEWHITE PLAINSNY10605PUBLICCHARITYMEDICAL$150
CANINE ASSISTANTS
3160 FRANCIS RDMILTONGA30004PUBLICCHARITYMEDICAL$500
AMERICAN DIABETES ASSN
PO BOX 13067ALEXANDRIAVA22312PUBLICCHARITYMEDICAL$500
ALZHEIMER ASSN
1925 CENTURY BLVD STE 10ATLANTAGA30345PUBLICCHARITYMEDICAL$500
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year18450TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Program Service Revenue Part VII ProgramServiceRevenuePartVII

FieldValueIRS element (for citing)
DescriptionNONEDescription

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Business Code900001BusinessCode
Unrelated Business Income$12,457UnrelatedBusinessIncomeAmount
Exclusion Code3ExclusionCode

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$12,457UnrelatedBusinessIncomeAmount
FieldValueIRS element (for citing)
Total Part XVIA12457TotalPartXVIA

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

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

FieldValueIRS element (for citing)
DescriptionLOSS ON SALE OF INVESTMENTSDescription
Amount$3,300Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooks
GA CORP REGISTRATION50
BANK FEES24

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

FieldValueIRS element (for citing)
DescriptionPARTNERSHIP (LOSS)Description
Revenue And Expenses Per Books-541RevenueAndExpensesPerBooks
Net Investment Income-541NetInvestmentIncome
Adjusted Net Income-541AdjustedNetIncome

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

CategoryCategoryAmountAmountNet Investment IncomeNetInvestmentIncomeAdjusted Net IncomeAdjustedNetIncome
FOREIGN TAX ON DIVIDENDS$111111111
INCOME TAXES$141

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