MARILYN M WATKINS CHARITABLEPRIVATE FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MARILYN M WATKINS CHARITABLEPRIVATE FOUNDATION (EIN 20-7017740)
- Tax period
- 2011-08-01 to 2012-07-31
- Filed
- 2012-11-19
- IRS object ID
- 201233249349100613
- 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
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-19T19:04:10-05:00 | Timestamp |
| Tax Period End Date | 2012-07-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LILY AMBROSIO YLEN EA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36705 TULANE DR | AddressLine1 |
| City | Sterling Heights | City |
| State | MI | State |
| ZIP Code | 48312 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-08-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 207017740 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARILYN MCGERVEY WATKINS TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MARI | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 75000 MC 7874 | AddressLine1 |
| City | Detroit | City |
| State | MI | State |
| ZIP Code | 482757874 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | COMERICA BANK | Name |
| Title | TRUSTEE | Title |
| Phone | 8774051091 | Phone |
| Date Signed | 2012-11-19 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LILY AMBROSIO-YLEN | Name |
| Phone | 5869397756 | Phone |
| Date Prepared | 2012-11-17 | 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 | 538734 | 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 | 25972 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 25972 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | -29120 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 5000 | GrossSalesPrice |
| Total Revenue And Expenses | -3148 | TotalRevenueAndExpenses |
| Total Net Investment Income | 25972 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 3518 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 3518 | CompOfcrDirTrstNetInvstIncm |
| Other Prof Fees Rev And Expnss | 900 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Dsbrs Chrtbl Prps | 900 | OtherProfFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 1207 | TaxesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 5625 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 3518 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 900 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 29000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 29000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 34625 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 3518 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 29900 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -37773 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 22454 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 11038 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 7384 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 7384 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 568896 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 534777 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 531350 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 579934 | TotalAssetsBOY |
| Total Assets EOY | 542161 | TotalAssetsEOY |
| Total Assets EOYFMV | 538734 | TotalAssetsEOYFMV |
| Total Liabilities BOY | 0 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 697231 | CapitalStockBOY |
| Capital Stock EOY | 697231 | CapitalStockEOY |
| Retained Earnings BOY | -117297 | RetainedEarningsBOY |
| Retained Earnings EOY | -155070 | RetainedEarningsEOY |
| Total Net Assets BOY | 579934 | TotalNetAssetsBOY |
| Total Net Assets EOY | 542161 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 579934 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 542161 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 579934 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -37773 | ExcessOfRevenueOverExpenses |
| Subtotal | 542161 | Subtotal |
| Total Net Assets Fund Balances EOY | 542161 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 29300 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 573433 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.051096 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 23631 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 550550 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.042923 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 31563 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 548720 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.057521 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 36793 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 728776 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.050486 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 15000 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 734684 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.020417 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.222442 | TotalDistributionRatio |
| Average Distribution Ratio | 0.044488 | AverageDistributionRatio |
| Net Noncharitable Assets | 536154 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 23852 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 225 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 24077 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 29900 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 225 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 225 | Subtotal |
| Subtitle A Tax | 0 | SubtitleATax |
| Tax Based On Investment Income | 225 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 636 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 636 | TotalCreditsAndPayments |
| Overpayment | 411 | Overpayment |
| Amount Credited To Next Year | 228 | AmountCreditedToNextYear |
| Amount To Be Refunded | 183 | AmountToBeRefunded |
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 | FL | 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 |
| Books In Care Of Person Name | COMERICA BANK | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 8774051091 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 75000 MC 7874 | AddressLine1 |
| City | Detroit | City |
| State | MI | State |
| ZIP Code | 482757874 | 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 | true | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | COMERICA BANK | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 75000 MC 7874 | AddressLine1 |
| City | Detroit | City |
| State | MI | State |
| ZIP Code | 482757874 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | TRUSTEE | Title |
| Avg Hours Per Wk Devoted To Position | 1 | AvgHoursPerWkDevotedToPosition |
| Compensation | 3518 | Compensation |
| Contri To Empl Benefit Plans Etc | 0 | ContriToEmplBenefitPlansEtc |
| Expense Account Other Allowances | 0 | ExpenseAccountOtherAllowances |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 544319 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 0 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 544319 | TotalFMVOfUnusedAssets |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 544319 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 8165 | CashDeemedCharitable |
| Net Noncharitable Assets | 536154 | NetNoncharitableAssets |
| Minimum Investment Return | 26808 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 26808 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 225 | TaxBasedOnInvestmentIncome |
| Total Tax | 225 | TotalTax |
| Distributable Amount Before Adj | 26583 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 26583 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 26583 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 29900 | ExpensesAndContributions |
| Qualifying Distributions | 29900 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 225 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 29675 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 26583 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 10462 | UndistributedIncomePriorYear |
| Qualifying Distributions | 29900 | QualifyingDistributions |
| Applied To Year1 | 10462 | AppliedToYear1 |
| Applied To Current Year | 19438 | AppliedToCurrentYear |
| Undistributed Income CY | 7145 | 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 (4 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| VERO BEACH MUSEUM OF ARTS | |||||||
| 3001 RIVERSIDE PARK DR | Vero Beach | FL | 32963 | NONE | EXEMPT | GENERAL CHARITABLPURPOSES | $5,800 |
| THE DAYTON ART INSTITUTE | |||||||
| 456 BELMONTE PARK N | Dayton | OH | 45405 | NONE | EXEMPT | FOR GENERALCHARITABLEPURPOSES | $5,800 |
| INDIANAPOLIS INSTITUTE OF ART | |||||||
| 4000 MICHIGAN RD | Indianapolis | IN | 46208 | NONE | EXEMPT | FOR GENERALCHARITABLEPURPOSES | $5,800 |
| ST PAULS EPISCOPAL CHURCH | |||||||
| 33 E DIXON AVE | Dayton | OH | 45419 | NONE | EXEMPT | FOR GENERALCHARITABLEPURPOSES | $5,800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 23200 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $25,972 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | -$29,119 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$3,147 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | -3147 | 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 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAsset (2 entries)
| NameName | Date AcquiredDateAcquired | How AcquiredHowAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | BasisBasis | Total NetTotalNet |
|---|---|---|---|---|---|---|
| 5443599 TOTAL RETURN INVESTME | 2011-03 | PURCHASE | 2012-05 | 5000 | 5157 | -157 |
| COMMON TRUST FUND ALLOCATION | 2010-10 | 2011-12 | 28963 | -28963 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Stock | MUTUAL FDS AND CORPORATE STKS | NameOfStock |
| EOY Book Value | 534777 | EOYBookValue |
| EOYFMV | 531350 | EOYFMV |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEE | Category |
| Amount | $900 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 900 | DisbursementsCharitablePrps |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EXCISE | Category |
| Amount | $1,207 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |