Edward M & Henrietta M Knabusch Scholarship Foundation in Monroe, Michigan (MI)

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Edward M & Henrietta M Knabusch Scholarship Foundation
Employer Identification Number (EIN)383450698
Name of OrganizationEdward M & Henrietta M Knabusch Scholarship Foundation
In Care of NameJohn F Weaver
AddressMonroe Bank Trust 102 E Front St, Monroe, MI 48161
SubsectionCharitable Organization
Ruling Date04/1999
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$1,758,227
Amount of Income$172,783
Form 990 Revenue Amount$93,595
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2012: $172,783 (it was $93,595 in 2011)
This organization: 

 $172,783
Other organizations performing similar types of work: 

 $42,700

Assets in 2012: $1,758,227 (it was $1,749,649 in 2011)
Edward M & Henrietta M Knabusch Scholarship Foundation: 

 $1,758,227
Other organizations performing similar types of work: 

 $68,974

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$93,595$93,595$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$47
Dividends and interest from securities$65,693
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$27,855
Total expenses and disbursements$63,086$10,798$0$50,798
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$23,086$10,798$10,798
Contributions, gifts, grants paid$40,000
Excess of revenue over expenses and disbursements$30,509
Net investment income$82,797
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$1,749,649$1,960,297
Cash - non-interest-bearing$2,333
Investments-U.S. and state government obligations$75,000
Investments-corporate stock$1,571,548
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$100,768
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$1,749,649
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$27,855
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$1,656
Total credits and payments$1,500
2011 estimated tax payments and 2010 overpayment credited to 2011$1,500
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
Tax due$156
Amount to be credited to 2012 estimated tax$0
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?Yes
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$1,970,600
Net value of noncharitable-use assets$1,941,040
Minimum investment return$97,052
Distributable Amount (for 2011)
Distributable amount$95,396
Undistributed Income (for 2011)
Distributable amount for 2011$95,396
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Health Scholarships IncPO BOX 1337, Hawkinsville, GA 31036-7337GA1999-04$157,402,420
2Montana Higher Education Student Assistance Corporation2500 E Broadway St, Helena, MT 59601-4901MT1983-03$119,407,568
3Educational Services Of America Inc104 N Seven Oaks Dr, Knoxville, TN 37922-2359TN1996-06$72,052,479
4Usa Funds Education Endowment Inc10475 Crosspoint Blvd Ste 230, Indianapolis, IN 46256-3387IN2005-07$41,529,411
5Greater Texas Foundation6100 Foundation Place Dr, Bryan, TX 77807-1105TX1980-05$39,027,572
6Foundation For Educational FundingPO BOX 82552, Lincoln, NE 68501-2552NE2002-08$36,471,952
7American Association Of University Women Inc9490 N Ridgewood Road, Pocatello, ID 83201ID2010-03$28,150,155
8National Association Of Black Automotive Suppliers Scholarship FPO BOX 441243, Detroit, MI 48244-1243MI1998-11$178,632
9Michigan Aerospace Foundation IncPO BOX 8282, Ann Arbor, MI 48107-8282MI2001-11$63,876
10Lawrence P Doss Scholarship Foundation19391 Suffolk Drive, Detroit, MI 48203MI2002-04$55,112
11Skillman Foundation100 Talon Centre Dr Ste 100, Detroit, MI 48207-4266MI2006-05$145,113,333
12Kalamazoo Promise490 W South St, Kalamazoo, MI 49007-4621MI2006-07$9,830,000
13L & L Educational Foundation160 Mclean, Romeo, MI 48065-4919MI2005-06$2,891,744
14Kellogg Community College Foundation450 North Ave, Battle Creek, MI 49017-3306MI2000-03$2,297,513
15Phillip And Elizabeth Filmer Memorial Charitable Trust, Watt Angela L TteePO BOX 75000, Detroit, MI 48275-0001MI2007-02$2,114,029
16Richard And Mary Arden FoundationPO BOX 75000, Detroit, MI 48275-9413MI2003-04$1,888,967
17Afpd Foundation Inc5779 W Maple Rd, W Bloomfield, MI 48322-4493MI1999-11$1,533,538
18Iron Mountain Public School Scholarship Foundation1502 W Washington St, Marquette, MI 49855-3118MI1999-11$1,346,211
19Northville Educational Foundation501 W Main St, Northville, MI 48167-1576MI2000-02$1,233,926
20Mildred E Small & Robert D Toye Scholarship Trust Uid 7-5-95, Michael L Brewer TteePO BOX 75000, Detroit, MI 48275-0001MI2006-12$1,029,936
Number of organizations performing similar types of work
Alaska43
Alabama250
Arkansas194
Arizona319
California2,300
Colorado349
Connecticut321
District of Columbia190
Delaware72
Florida1,105
Georgia574
Hawaii107
Iowa213
Idaho84
Illinois983
Indiana318
Kansas186
Kentucky239
Louisiana208
Massachusetts723
Maryland523
Maine130
Michigan616
Minnesota318
Missouri405
Mississippi131
Montana104
North Carolina548
North Dakota21
Nebraska109
New Hampshire123
New Jersey1,012
New Mexico109
Nevada138
New York1,422
Ohio817
Oklahoma213
Oregon252
Pennsylvania868
Rhode Island122
South Carolina208
South Dakota48
Tennessee287
Texas1,807
Utah187
Virginia572
Vermont84
Washington420
Wisconsin373
West Virginia96
Wyoming40
International28
Total20,909

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