LEO & ALTA POSKEY CHARITABLE FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: LEO & ALTA POSKEY CHARITABLE FOUNDATION (EIN 80-0300511)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-10-12
IRS object ID: 201202869349100010
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
Compensation Explanation
Investments Corp Stock Schedule
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-10-12T15:24:35-05:00	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	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	2011-01-01	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	2012-10-08	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	RANDALL L TEPATTI CPA	Name
Phone	5176274008	Phone
Date Prepared	2012-10-09	DatePrepared

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	390724	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
Interest On Savings Rev And Expnss	293	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	293	InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm	293	InterestOnSavingsAdjNetIncm
Dividends Rev And Expnss	9983	DividendsRevAndExpnss
Dividends Net Invst Incm	9983	DividendsNetInvstIncm
Dividends Adj Net Incm	9983	DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss	4299	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	4299	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	4299	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	14575	TotalRevenueAndExpenses
Total Net Investment Income	14575	TotalNetInvestmentIncome
Total Adjusted Net Income	10276	TotalAdjustedNetIncome
Accounting Fees Rev And Expnss	400	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	400	AccountingFeesNetInvstIncm
Other Prof Fees Rev And Expnss	5012	OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm	5012	OtherProfFeesNetInvstIncm
Tot Opr Expenses Rev And Expnss	5412	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	5412	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	29588	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	29588	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	35000	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	5412	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	29588	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-20425	ExcessOfRevenueOverExpenses
Net Investment Income	9163	NetInvestmentIncome
Adjusted Net Income	10276	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	1600	CashBOY
Cash EOY	2285	CashEOY
Cash EOYFMV	2285	CashEOYFMV
Savings And Temp Cash Invst BOY	107075	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	6199	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	6199	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	317477	InvestmentsCorpStockBOY
Investments Corp Stock EOY	397243	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	382240	InvestmentsCorpStockEOYFMV
Total Assets BOY	426152	TotalAssetsBOY
Total Assets EOY	405727	TotalAssetsEOY
Total Assets EOYFMV	390724	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	426152	UnrestrictedBOY
Unrestricted EOY	405727	UnrestrictedEOY
Total Net Assets BOY	426152	TotalNetAssetsBOY
Total Net Assets EOY	405727	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	426152	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	405727	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	426152	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-20425	ExcessOfRevenueOverExpenses
Subtotal	405727	Subtotal
Total Net Assets Fund Balances EOY	405727	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Field	Value	IRS element (for citing)
Capital Gain Net Income	4299	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	38090	QualifyingDistributionsYear1
Qualifying Distributions Year2	28030	QualifyingDistributionsYear2
Net Noncharitable Assets	0	NetNoncharitableAssets
One Percent Net Investment Income	92	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	92	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	29588	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	92	InvestmentIncomeExciseTax
Subtotal	92	Subtotal
Tax Based On Investment Income	92	TaxBasedOnInvestmentIncome
Tax Due	92	TaxDue
Amount Credited To Next Year	0	AmountCreditedToNextYear

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

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	92	TaxBasedOnInvestmentIncome
Total Tax	92	TotalTax
Distributable Amount As Adjusted	0	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	29588	ExpensesAndContributions
Qualifying Distributions	29588	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	92	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	29496	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	0	DistributableAmountAsAdjusted
Excess Distri Carryover Year2	28162	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	38090	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	66252	TotalExcessDistriCarryover
Qualifying Distributions	29588	QualifyingDistributions
Remaining Distri From Corpus	29588	RemainingDistriFromCorpus
Total Corpus	95840	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	95840	ExcessDistriCyovToNextYear
Excess From Year2	28162	ExcessFromYear2
Excess From Year1	38090	ExcessFromYear1
Excess From Current Year	29588	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 (11 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
CHAD MCDANIEL
420 HIGH STREET	POTTERVILLE	MI	48876	PAID	COLLEGE TUITION SCHOLARSHIP	$4,000
SHELBY SCHAFER
420 HIGH STREET	POTTERVILLE	MI	48876	PAID	COLLEGE TUITION SCHOLARSHIP	$144
BRADLEY PORTT
420 HIGH STREET	POTTERVILLE	MI	48876	PAID	COLLEGE TUITION SCHOLARSHIP	$313
DALTON JOHNSON
420 HIGH STREET	POTTERVILLE	MI	48876	PAID	COLLEGE TUITION SCHOLARSHIP	$2,141
REBECCA KRAMER
420 HIGH STREET	POTTERVILLE	MI	48876	PAID	COLLEGE TUITION SCHOLARSHIP	$636
SARAH DORIAN
420 HIGH STREET	POTTERVILLE	MI	48876	PAID	COLLEGE TUITION SCHOLARSHIP	$4,000
NATHAN KUSHION
420 HIGH STREET	POTTERVILLE	MI	48876	PAID	COLLEGE TUITION SCHOLARSHIP	$4,000
SAM DAVIS
420 HIGH STREET	POTTERVILLE	MI	48876	PAID	COLLEGE TUITION SCHOLARSHIP	$4,000
TRAVIS STILLSON
420 HIGH STREET	POTTERVILLE	MI	48876	PAID	COLLEGE TUITION SCHOLARSHIP	$4,000
KRISTA EAGLE
420 HIGH STREET	POTTERVILLE	MI	48876	PAID	COLLEGE TUITION SCHOLARSHIP	$2,354
MONICA VOLZ
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	29588	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	293	RelatedOrExemptFunctionIncome

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	9983	RelatedOrExemptFunctionIncome

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	4299	RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	14575	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	14575	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	$400	Amount
Net Investment Income	400	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	397243	EOYBookValue
EOYFMV	382240	EOYFMV

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

Field	Value	IRS element (for citing)
Category	INVESTMENT ADVISORY FEES	Category
Amount	$5,012	Amount
Net Investment Income	5012	NetInvestmentIncome