LEO & ALTA POSKEY CHARITABLE FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- LEO & ALTA POSKEY CHARITABLE FOUNDATION (EIN 80-0300511)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-07-11
- IRS object ID
- 201301929349100710
- Schema version
- 2012v2.1
- 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
- Accounting Fees Schedule
- Compensation Explanation
- Investments Corp Stock Schedule
- Other Professional Fees Schedule
- Reasonable Cause Explanation
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-07-11T15:43:26-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LALLY GROUP PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11966 SWEETWATER DR | AddressLine1 |
| City | GRAND LEDGE | City |
| State | MI | State |
| ZIP Code | 488379102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 800300511 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEO & ALTA POSKEY | BusinessNameLine1 |
| Business Name Line2 | CHARITABLE FOUNDATION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LEO& | NameControl |
| Phone | 5174682328 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5389 M52 | AddressLine1 |
| City | WILLIAMSTON | City |
| State | MI | State |
| ZIP Code | 48895 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT SCHANG | Name |
| Title | DIRECTOR | Title |
| Phone | 5174682328 | Phone |
| Date Signed | 2013-06-11 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RANDALL L TEPATTI CPA | Name |
| Phone | 5176274008 | Phone |
| Date Prepared | 2013-06-11 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | 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 | 415467 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 14122 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 14122 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 14122 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | 12162 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 12162 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 12162 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 26284 | TotalRevenueAndExpenses |
| Total Net Investment Income | 26284 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 14122 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 410 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 410 | AccountingFeesNetInvstIncm |
| Other Prof Fees Rev And Expnss | 5574 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 5574 | OtherProfFeesNetInvstIncm |
| Other Prof Fees Adj Net Incm | 5574 | OtherProfFeesAdjNetIncm |
| Tot Opr Expenses Rev And Expnss | 5984 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 5984 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 5574 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 16069 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 16069 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 22053 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 5984 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 5574 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 16069 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 4231 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 20300 | NetInvestmentIncome |
| Adjusted Net Income | 8548 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 2285 | CashBOY |
| Cash EOY | 5990 | CashEOY |
| Cash EOYFMV | 5990 | CashEOYFMV |
| Savings And Temp Cash Invst BOY | 6199 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 8266 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 8266 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 397243 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 395702 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 401211 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 405727 | TotalAssetsBOY |
| Total Assets EOY | 409958 | TotalAssetsEOY |
| Total Assets EOYFMV | 415467 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 405727 | UnrestrictedBOY |
| Unrestricted EOY | 409958 | UnrestrictedEOY |
| Total Net Assets BOY | 405727 | TotalNetAssetsBOY |
| Total Net Assets EOY | 409958 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 405727 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 409958 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 405727 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 4231 | ExcessOfRevenueOverExpenses |
| Subtotal | 409958 | Subtotal |
| Total Net Assets Fund Balances EOY | 409958 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 12162 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 29496 | QualifyingDistributionsYear1 |
| Qualifying Distributions Year2 | 38090 | QualifyingDistributionsYear2 |
| Qualifying Distributions Year3 | 28030 | QualifyingDistributionsYear3 |
| Net Noncharitable Assets | 0 | NetNoncharitableAssets |
| One Percent Net Investment Income | 203 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 203 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 16069 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 203 | InvestmentIncomeExciseTax |
| Subtotal | 203 | Subtotal |
| Tax Based On Investment Income | 203 | TaxBasedOnInvestmentIncome |
| Tax Due | 203 | TaxDue |
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 | ROBERT SCHANG | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 5174682328 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5389 M-52 | AddressLine1 |
| City | WILLIAMSTON | City |
| State | MI | State |
| ZIP Code | 48895 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
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 |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
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 |
|---|---|---|---|---|---|---|---|---|
| ROBERT SCHANG | ||||||||
| 5389 M-52 | WILLIAMSTON | MI | 48895 | DIRECTOR | 0.50 | 0 | 0 | 0 |
| MANVIR S GREWAL SR | ||||||||
| 3120 PINE TREE RD | LANSING | MI | 48911 | TRUSTEE | 0.50 | 0 | 0 | 0 |
| DALE FAULKNER | ||||||||
| 506 N DEERFIELD | LANSING | MI | 48917 | TRUSTEE | 0.50 | 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 | COLLEGE SCHOLARSHIPS = 100% | Description1 |
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 | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 0 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 0 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 0 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 0 | CashDeemedCharitable |
| Net Noncharitable Assets | 0 | NetNoncharitableAssets |
| Minimum Investment Return | 0 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Based On Investment Income | 203 | TaxBasedOnInvestmentIncome |
| Total Tax | 203 | TotalTax |
| Distributable Amount As Adjusted | 0 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 16069 | ExpensesAndContributions |
| Qualifying Distributions | 16069 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 203 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 15866 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 0 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year3 | 28162 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 38090 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 29588 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 95840 | TotalExcessDistriCarryover |
| Qualifying Distributions | 16069 | QualifyingDistributions |
| Remaining Distri From Corpus | 16069 | RemainingDistriFromCorpus |
| Total Corpus | 111909 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 111909 | ExcessDistriCyovToNextYear |
| Excess From Year3 | 28162 | ExcessFromYear3 |
| Excess From Year2 | 38090 | ExcessFromYear2 |
| Excess From Year1 | 29588 | ExcessFromYear1 |
| Excess From Current Year | 16069 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | ROBERT SCHANG | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5389 M-52 | AddressLine1 |
| City | WILLIAMSTON | City |
| State | MI | State |
| ZIP Code | 48895 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 5174682328 | RecipientPhoneNumber |
| Form And Info And Materials | N/A | FormAndInfoAndMaterials |
| Submission Deadlines | N/A | SubmissionDeadlines |
| Restrictions On Awards | TO QUALIFY FOR THE SCHOLARSHIP THE STUDENT MUST: 1. GRADUATE FROM POTTERVILLE HIGH SCHOOL IN POTTERVILLE, MICHIGAN WITH A GPA OF 2.90 OR ABOVE; AND 2. PURSUE A DEGREE IN THE FIELD OF NURSING; OR 3. BE INVOLVED IN A BASEBALL OR SOFTBALL PROGRAM. | RestrictionsOnAwards |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|
| JESSICA RITCHEY | ||||||
| 420 HIGH STREET | POTTERVILLE | MI | 48876 | PAID | COLLEGE TUITION SCHOLARSHIP | $4,000 |
| BRITNI WILLIAMSTON | ||||||
| 420 HIGH STREET | POTTERVILLE | MI | 48876 | PAID | COLLEGE TUITION SCHOLARSHIP | $1,117 |
| KARA ENGLAND | ||||||
| 420 HIGH STREET | POTTERVILLE | MI | 48876 | PAID | COLLEGE TUITION SCHOLARSHIP | $2,952 |
| BREANNA HILL | ||||||
| 420 HIGH STREET | POTTERVILLE | MI | 48876 | PAID | COLLEGE TUITION SCHOLARSHIP | $4,000 |
| DARRIAN PITCHER | ||||||
| 420 HIGH STREET | POTTERVILLE | MI | 48876 | PAID | COLLEGE TUITION SCHOLARSHIP | $4,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 16069 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 14122 | RelatedOrExemptFunctionIncome |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 12162 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 26284 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 26284 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT ACCOUNTING FEES | Category |
| Amount | $410 | Amount |
| Net Investment Income | 410 | NetInvestmentIncome |
Compensation Explanation CompensationExplanation
Compensation Compensation (3 entries)
| ROBERT SCHANG |
| MANVIR S GREWAL SR |
| DALE FAULKNER |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Stock | CHARTER ONE INVESTMENT SERVICES | NameOfStock |
| EOY Book Value | 395702 | EOYBookValue |
| EOYFMV | 401211 | EOYFMV |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT ADVISORY FEES | Category |
| Amount | $5,574 | Amount |
| Net Investment Income | 5574 | NetInvestmentIncome |
| Adjusted Net Income | 5574 | AdjustedNetIncome |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | ACCOUNTING WAS NOT COMPLETE BY THE DUE DATE OF THE RETURN. | Explanation |