Dearborn Cable Communications Fund in Dearborn Heights, Michigan (MI)

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Dearborn Cable Communications Fund
Employer Identification Number (EIN)382571195
Name of OrganizationDearborn Cable Communications Fund
Address22211 W Warren St, Dearborn Heights, MI 48127-2597
ActivitiesRadio or television broadcasting
SubsectionEducational Organization
Ruling Date12/1984
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$661,718
Amount of Income$262,141
Form 990 Revenue Amount$30,885


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Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$30,885$23,847$21,314
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$5,586
Dividends and interest from securities$15,728
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$9,571
Total expenses and disbursements$73,864$24,963$0$46,411
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$27,453$24,963$0
Contributions, gifts, grants paid$46,411
Excess of revenue over expenses and disbursements$-42,979
Net investment income$0
Adjusted net income$21,314
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$707,344$730,668
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$98,671
Investments-corporate stock$519,141
Investments-corporate bonds$15,739
Investments-mortgage loans$0
Investments-other$0
Other$73,793
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$707,344
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$9,571
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$896
2011 estimated tax payments and 2010 overpayment credited to 2011$896
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$896
Amount to be credited to 2012 estimated tax$896
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$741,869
Net value of noncharitable-use assets$730,740
Minimum investment return$36,537
Distributable Amount (for 2011)
Distributable amount$36,537
Undistributed Income (for 2011)
Distributable amount for 2011$36,537
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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