TAG CENTER INC: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: TAG CENTER INC (EIN 39-1987759)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-07-18
IRS object ID: 201202009349100500
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
Form 990-PF
Accounting Fees Schedule
Other Expenses Schedule
Other Increases Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-07-18T09:44:30-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	G M Hietpas CPA LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	86 S MACY STREET	AddressLine1
City	FOND DU LAC	City
State	WI	State
ZIP Code	54935	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	391987759	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	TAG CENTER INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	TAGC	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1700 BRECKENRIDGE STREET	AddressLine1
City	MAYVILLE	City
State	WI	State
ZIP Code	53050	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DAVID PASBRIG	Name
Title	DIRECTOR	Title
Date Signed	2012-05-15	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	GILBERT HIETPAS	Name
Phone	9209213356	Phone
Date Prepared	2012-07-09	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2011	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	461286	FMVAssetsEOY
Method Of Accounting Accrual	X	MethodOfAccountingAccrual

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	12	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	12	InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss	18288	DividendsRevAndExpnss
Dividends Net Invst Incm	18288	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	25866	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	260407	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	25866	CapitalGainNetIncmNetInvstIncm
Net STCG Adj Net Incm	14705	NetSTCGAdjNetIncm
Total Revenue And Expenses	44166	TotalRevenueAndExpenses
Total Net Investment Income	44166	TotalNetInvestmentIncome
Total Adjusted Net Income	14705	TotalAdjustedNetIncome
Accounting Fees Rev And Expnss	830	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	830	AccountingFeesNetInvstIncm
Taxes Rev And Expnss	317	TaxesRevAndExpnss
Other Expenses Rev And Expnss	15810	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	3304	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	12500	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	16957	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	4134	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	12500	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	0	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	0	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	16957	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	4134	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	12500	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	27209	ExcessOfRevenueOverExpenses
Net Investment Income	40032	NetInvestmentIncome
Adjusted Net Income	14705	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	2575	CashBOY
Cash EOY	1394	CashEOY
Cash EOYFMV	1394	CashEOYFMV
Savings And Temp Cash Invst BOY	471394	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	459892	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	459892	SavingsAndTempCashInvstEOYFMV
Total Assets BOY	473969	TotalAssetsBOY
Total Assets EOY	461286	TotalAssetsEOY
Total Assets EOYFMV	461286	TotalAssetsEOYFMV
Total Liabilities BOY	0	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Temporarily Restricted BOY	473969	TemporarilyRestrictedBOY
Temporarily Restricted EOY	461286	TemporarilyRestrictedEOY
Total Net Assets BOY	473969	TotalNetAssetsBOY
Total Net Assets EOY	461286	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	473969	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	461286	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	473969	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	27209	ExcessOfRevenueOverExpenses
Subtotal	501178	Subtotal
Other Decreases	39892	OtherDecreases
Total Net Assets Fund Balances EOY	461286	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (3 entries)

Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Date AcquiredDateAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	Cost Or Other BasisCostOrOtherBasis	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses
MALONEY SECURITIES - ST	P	2011-01-01	2011-12-31	131993	117288	14705	14705
MALONEY SECURITIES - LT	P	2000-12-31	2011-12-31	61129	54574	6555	6555
SECURITY HELD AT M&I BANK - LT	P	2000-12-31	2011-12-31	67285	62679	4606	4606

Field	Value	IRS element (for citing)
Capital Gain Net Income	25866	CapitalGainNetIncome
Net Short Term Capital Gain Or Loss	14705	NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	12500	QualifyingDistributionsYear1
Total Distribution Ratio	0.0	TotalDistributionRatio
Average Distribution Ratio	0.0	AverageDistributionRatio
Net Noncharitable Assets	448214	NetNoncharitableAssets
Adjusted Noncharitable Assets	0	AdjustedNoncharitableAssets
One Percent Net Investment Income	400	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	400	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	12500	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	400	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	400	Subtotal
Subtitle A Tax	0	SubtitleATax
Tax Based On Investment Income	400	TaxBasedOnInvestmentIncome
Tax Due	400	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	false	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	WI	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	HTTPMAYVILLETAGCENTER.COM	WebsiteAddress
Books In Care Of Person Name	TOM SCHUESSLER	BooksInCareOfPersonName
Books In Care Of Phone Number	9203872400	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 147	AddressLine1
City	MAYVILLE	City
State	WI	State
ZIP Code	53050	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
Uncorrected Prior Acts	false	UncorrectedPriorActs
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 (5 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
DAVID PASBRIG
75 SHORE LANE	MAYVILLE	WI	53050	PRESIDENT	0	0	0	0
JAMES SOKOLY
606 RIVER DRIVE	MAYVILLE	WI	53050	VICE PRES	0	0	0	0
TOMAS SCHUESSLER
216 HORICON ST	Mayville	WI	53050	SEC TREASURER	0	0	0	0
JOHN STORCK
603 RIVER DRIVE	MAYVILLE	WI	53050	DIRECTOR	0	0	0	0
WILLIAM LEE
N7817 MARSH LANE	MAYVILLE	WI	53050	DIRECTOR	0	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	ENDOWMENT GRANT CITY OF MAYVILLE TO BE USED FOR CAPITAL IMPROVEMENTS AND REPAIRS TO THE CITYS TAG CENTER FACILITY	Description1
Expenses1	12500	Expenses1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	452446	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	1985	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	609	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	455040	TotalFMVOfUnusedAssets
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	455040	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	6826	CashDeemedCharitable
Net Noncharitable Assets	448214	NetNoncharitableAssets
Minimum Investment Return	22411	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	22411	MinimumInvestmentReturn
Tax Based On Investment Income	400	TaxBasedOnInvestmentIncome
Total Tax	400	TotalTax
Distributable Amount Before Adj	22011	DistributableAmountBeforeAdj
Distributable Amount Before Ded	22011	DistributableAmountBeforeDed
Distributable Amount As Adjusted	22011	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	12500	ExpensesAndContributions
Qualifying Distributions	12500	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	400	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	12100	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	22011	DistributableAmountAsAdjusted
Undistributed Income Prior Year	10943	UndistributedIncomePriorYear
Qualifying Distributions	12500	QualifyingDistributions
Applied To Year1	10943	AppliedToYear1
Applied To Current Year	1557	AppliedToCurrentYear
Undistributed Income CY	20454	UndistributedIncomeCY

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManager
Shareholder Manager	NONE	ShareholderManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Field	Value	IRS element (for citing)
Recipient Person Name	CITY OF MAYVILLE	RecipientPersonName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	15 S SCHOOL STREET	AddressLine1
City	MAYVILLE	City
State	WI	State
ZIP Code	53050	ZIPCode

Field	Value	IRS element (for citing)
Recipient Relationship	GOVT	RecipientRelationship
Purpose Of Grant Or Contribution	TO PROVIDE ANENDOWMENT FOR TAGCENTER IMPROV	PurposeOfGrantOrContribution
Amount	$12,500	Amount

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	12500	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Unrelated Business Income	$12	UnrelatedBusinessIncomeAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Unrelated Business Income	$18,288	UnrelatedBusinessIncomeAmount

Other Investment Income Part VII OtherInvestmentIncomePartVII

Field	Value	IRS element (for citing)
Unrelated Business Income	$25,866	UnrelatedBusinessIncomeAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Unrelated Business Income	$44,166	UnrelatedBusinessIncomeAmount

Field	Value	IRS element (for citing)
Total Part XVIA	44166	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	TAX PREP	Category
Amount	$830	Amount
Net Investment Income	830	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
BANK FEES	35	35	0
INVESTMENT FEES	3269	3269	0
ENDOWMENT PAYMENTS	12500	0	12500
MISC	6	0	0

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

Field	Value	IRS element (for citing)
Description	MARKET VALUE ADJUSTMENT	Description
Amount	$39,892	Amount

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	FEDERAL INCOME TAX	Category
Amount	$317	Amount
Net Investment Income	0	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps