Robert C Dart Foundation: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
Robert C Dart Foundation (EIN 20-5973757)
Tax period
2010-11-01 to 2011-10-31
Filed
2012-06-13
IRS object ID
201211659349100501
Schema version
2010v3.4
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)
Timestamp2012-06-13T10:00:54-05:00Timestamp
Tax Period End Date2011-10-31TaxPeriodEndDate
Return Type990PFReturnType
Tax Period Begin Date2010-11-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN205973757EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Robert C Dart FoundationBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlROBENameControl
Phone5176763803Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 Hogsback RoadAddressLine1
CityMasonCity
StateMIState
ZIP Code48854ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameFrancis X Liesman IIName
TitleAsst SecretaryTitle
Phone5176763803Phone
Date Signed2012-06-14DateSigned
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY28308488FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss12000000ContriReceivedRevAndExpnss
Dividends Rev And Expnss81913DividendsRevAndExpnss
Dividends Net Invst Incm81913DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses12081913TotalRevenueAndExpenses
Total Net Investment Income81913TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Other Expenses Rev And Expnss81OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm0OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps81OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss81TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps81TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss2207000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps2207000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss2207081TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps2207081TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses9874832ExcessOfRevenueOverExpenses
Net Investment Income81913NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Investments Other BOY18433656InvestmentsOtherBOY
Investments Other EOY28308488InvestmentsOtherEOY
Investments Other EOYFMV28308488InvestmentsOtherEOYFMV
Total Assets BOY18433656TotalAssetsBOY
Total Assets EOY28308488TotalAssetsEOY
Total Assets EOYFMV28308488TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY0CapitalStockBOY
Capital Stock EOY0CapitalStockEOY
Paid In Or Capital Surplus BOY0PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY0PaidInOrCapitalSurplusEOY
Retained Earnings BOY18433656RetainedEarningsBOY
Retained Earnings EOY28308488RetainedEarningsEOY
Total Net Assets BOY18433656TotalNetAssetsBOY
Total Net Assets EOY28308488TotalNetAssetsEOY
Total Liabilities Net Assets BOY18433656TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY28308488TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY18433656TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses9874832ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal28308488Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY28308488TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year13249886QualifyingDistributionsYear1
Noncharitable Assets Year118266072NoncharitableAssetsYear1
Distribution Ratio Year10.177919DistributionRatioYear1
Qualifying Distributions Year23999235QualifyingDistributionsYear2
Noncharitable Assets Year220423178NoncharitableAssetsYear2
Distribution Ratio Year20.195818DistributionRatioYear2
Qualifying Distributions Year34055113QualifyingDistributionsYear3
Noncharitable Assets Year316065244NoncharitableAssetsYear3
Distribution Ratio Year30.252415DistributionRatioYear3
Qualifying Distributions Year420QualifyingDistributionsYear4
Noncharitable Assets Year414881512NoncharitableAssetsYear4
Distribution Ratio Year40.000001DistributionRatioYear4
Total Distribution Ratio0.626153TotalDistributionRatio
Average Distribution Ratio0.156538AverageDistributionRatio
Net Noncharitable Assets27155299NetNoncharitableAssets
Adjusted Noncharitable Assets4250836AdjustedNoncharitableAssets
One Percent Net Investment Income819OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One4251655AdjNonchrtblAssetsAndOnePct
Qualifying Distributions2207081QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax1638InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal1638Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income1638TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment474EstTaxPaymentsAndOverpayment
Tax Paid With Extension3000TaxPaidWithExtension
Total Credits And Payments3474TotalCreditsAndPayments
Form2220 AttachedXForm2220Attached
Penalty For Underpayment24PenaltyForUnderpayment
Overpayment1812Overpayment
Amount Credited To Next Year1812AmountCreditedToNextYear
Amount To Be Refunded0AmountToBeRefunded

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e1RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithMIStatesFiledWith
Form990 PF Filed With AG1Form990PFFiledWithAG
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors0NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressForms 990-PF are available at www.guidestar.orgWebsiteAddress
Books In Care Of Person NameLynn Rambo and Teri HullBooksInCareOfPersonName
Books In Care Of Phone Number5176763803BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1500 Hogsback RoadAddressLine1
CityMasonCity
StateMIState
ZIP Code48854ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person1FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Acts Fail To Qualify As Exceptions0ActsFailToQualifyAsExceptions
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations1GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Tr Fail To Qualify As Exceptions0TrFailToQualifyAsExceptions
Maint Expend Responsibility1MaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1ForeignAddress/AddressLine1CityForeignAddress/CityCountryForeignAddress/CountryPostal CodeForeignAddress/PostalCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowancesAddress Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCode
Robert C Dart
PO Box 30229Grand CaymanCJKY1-1201President & Treasurer0.00000
James D Lammers
Secretary0.00000500 Hogsback RoadMasonMI48854
Francis X Liesman II
Assistant Secretary0.00000500 Hogsback RoadMasonMI48854
Ariane Dart
PO Box 30229Grand CaymanCJKY1-1201Director0.00000
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

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities27568831AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances0AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets27568831TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets27568831AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable413532CashDeemedCharitable
Net Noncharitable Assets27155299NetNoncharitableAssets
Minimum Investment Return1357765MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return1357765MinimumInvestmentReturn
Tax Based On Investment Income1638TaxBasedOnInvestmentIncome
Total Tax1638TotalTax
Distributable Amount Before Adj1356127DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded1356127DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted1356127DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions2207081ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions2207081QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions2207081AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted1356127DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year32588753ExcessDistriCarryoverYear3
Excess Distri Carryover Year22979646ExcessDistriCarryoverYear2
Excess Distri Carryover Year12336850ExcessDistriCarryoverYear1
Total Excess Distri Carryover7905249TotalExcessDistriCarryover
Qualifying Distributions2207081QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year1356127AppliedToCurrentYear
Remaining Distri From Corpus850954RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus8756203TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year50ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year8756203ExcessDistriCyovToNextYear
Excess From Year32588753ExcessFromYear3
Excess From Year22979646ExcessFromYear2
Excess From Year12336850ExcessFromYear1
Excess From Current Year850954ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerRobert C DartContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
Dart Foundation
500 Hogsback RoadMasonMI48854Private FoundationGeneral Operations$2,000,000
Out-of-Door Academy
444 Reid StreetSarasotaFL34242Educational InstitutGeneral Operations$207,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year2207000TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$81,913ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$81,913ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA81913TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualRobert C DartContributorNameIndividual

Contributor Address Foreign ContributorAddressForeign

FieldValueIRS element (for citing)
Address Line1PO Box 30229 SMBAddressLine1
CityGrand CaymanCity
CountryCJCountry
Postal CodeKY1-1201PostalCode
FieldValueIRS element (for citing)
Aggregate Contributions12000000AggregateContributions
Person Contribution TypeXPersonContributionType

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibility (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeGrant DateGrantDateGrantGrantAmountGrant PurposeGrantPurposeAmount Expended By GranteeAmountExpendedByGranteeAny Diversion By GranteeAnyDiversionByGranteeDates Of Reports By GranteeDatesOfReportsByGranteeDate Of VerificationDateOfVerificationResults Of VerificationResultsOfVerification
Dart Foundation
500 Hogsback RdMasonMI488542009-12-14$3,250,000To fund the Dart Foundation's grant making activities166866NoApril 8, 2011 and June 13, 20122012-06-13Complete.
Dart Foundation
500 Hogsback RdMasonMI488542010-12-14$2,000,000To fund the Dart Foundation's grant making activities1901662NoJune 13, 20122012-06-13Complete.

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (2 entries)

Category Or ItemCategoryOrItemListed At Cost Or FMVListedAtCostOrFMVBook ValueBookValueEOYFMVEOYFMV
JP Morgan MMAT COST596596
Wells Fargo SavingsAT COST2830789228307892

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
State of MI Filing Fees20020
Bank Fees61061

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