KRAINZ FOUNDATION INC: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: KRAINZ FOUNDATION INC (EIN 39-1979181)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-05-07
IRS object ID: 201111279349100401
Schema version: 2010v3.2
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
General Explanation Attachment
Investments Corp Stock Schedule
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-05-07T12:28:05-00:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Dale G Martin CPA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	4940 Steeple Drive	AddressLine1
City	Greendale	City
State	WI	State
ZIP Code	531292011	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	391979181	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Krainz Foundation Inc	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	KRAI	NameControl
Phone	4144217087	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4940 Steeple Drive	AddressLine1
City	Greendale	City
State	WI	State
ZIP Code	531292011	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Dale G Martin	Name
Title	Treasurer	Title
Phone	4144217087	Phone
Date Signed	2011-05-07	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Dale Martin	Name
Phone	4144217087	Phone
Date Prepared	2011-05-07	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2010	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	102942	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Dividends Rev And Expnss	4541	DividendsRevAndExpnss
Dividends Net Invst Incm	4541	DividendsNetInvstIncm
Dividends Adj Net Incm	4541	DividendsAdjNetIncm
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	4541	TotalRevenueAndExpenses
Total Net Investment Income	4541	TotalNetInvestmentIncome
Total Adjusted Net Income	4541	TotalAdjustedNetIncome
Comp Ofcr Dir Trst Rev And Expnss	2800	CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm	2800	CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Adj Net Incm	2800	CompOfcrDirTrstAdjNetIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps	2800	CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss	240	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	293	AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm	293	AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps	240	AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss	33	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	33	OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm	33	OtherExpensesAdjNetIncm
Other Expenses Dsbrs Chrtbl Prps	33	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	3073	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	3126	TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm	3126	TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	3073	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	1175	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	1175	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	4248	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	3126	TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm	3126	TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps	4248	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	293	ExcessOfRevenueOverExpenses
Net Investment Income	1415	NetInvestmentIncome
Adjusted Net Income	1415	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	3164	CashBOY
Cash EOY	3457	CashEOY
Cash EOYFMV	3457	CashEOYFMV
Investments Corp Stock BOY	54780	InvestmentsCorpStockBOY
Investments Corp Stock EOY	54780	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	99485	InvestmentsCorpStockEOYFMV
Total Assets BOY	57944	TotalAssetsBOY
Total Assets EOY	58237	TotalAssetsEOY
Total Assets EOYFMV	102942	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Unrestricted BOY	57944	UnrestrictedBOY
Unrestricted EOY	58237	UnrestrictedEOY
Retained Earnings BOY	57944	RetainedEarningsBOY
Retained Earnings EOY	58237	RetainedEarningsEOY
Total Net Assets BOY	57944	TotalNetAssetsBOY
Total Net Assets EOY	58237	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	57944	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	58237	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	57944	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	293	ExcessOfRevenueOverExpenses
Subtotal	58237	Subtotal
Total Net Assets Fund Balances EOY	58237	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	4517	QualifyingDistributionsYear1
Noncharitable Assets Year1	73317	NoncharitableAssetsYear1
Distribution Ratio Year1	000.061609	DistributionRatioYear1
Qualifying Distributions Year2	4527	QualifyingDistributionsYear2
Noncharitable Assets Year2	90433	NoncharitableAssetsYear2
Distribution Ratio Year2	000.050059	DistributionRatioYear2
Qualifying Distributions Year3	4527	QualifyingDistributionsYear3
Noncharitable Assets Year3	90433	NoncharitableAssetsYear3
Distribution Ratio Year3	000.050059	DistributionRatioYear3
Qualifying Distributions Year4	3500	QualifyingDistributionsYear4
Noncharitable Assets Year4	88531	NoncharitableAssetsYear4
Distribution Ratio Year4	000.039534	DistributionRatioYear4
Qualifying Distributions Year5	1500	QualifyingDistributionsYear5
Noncharitable Assets Year5	77503	NoncharitableAssetsYear5
Distribution Ratio Year5	000.019354	DistributionRatioYear5
Total Distribution Ratio	000.220615	TotalDistributionRatio
Average Distribution Ratio	000.044123	AverageDistributionRatio
Net Noncharitable Assets	90570	NetNoncharitableAssets
Adjusted Noncharitable Assets	3996	AdjustedNoncharitableAssets
One Percent Net Investment Income	14	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	4010	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	4248	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	14	InvestmentIncomeExciseTax
Subtotal	14	Subtotal
Tax Based On Investment Income	14	TaxBasedOnInvestmentIncome
Tax Due	14	TaxDue

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	WI	StatesFiledWith
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	Dale G Martin Treasurer	BooksInCareOfPersonName
Books In Care Of Phone Number	4144217087	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	4940 Steeple Drive	AddressLine1
City	Greendale	City
State	WI	State
ZIP Code	531292011	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
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
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 (4 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation
Robert E Krainz
19 Tidy Island Blvd	Bradenton	FL	342103301	President	000.00	700
Katherine E Krainz
19 Tidy Island Blvd	Bradenton	FL	342103301	Vice Pres	000.00	700
Gertrude M Martin
4940 Steeple Dr	Greendale	WI	531292011	Secretary	000.00	700
Dale G Martin
4940 Steeple Dr	Greendale	WI	531292011	Treasurer	005.00	700

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	89153	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	2796	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	91949	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	91949	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	1379	CashDeemedCharitable
Net Noncharitable Assets	90570	NetNoncharitableAssets
Minimum Investment Return	4529	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	4529	MinimumInvestmentReturn
Tax Based On Investment Income	14	TaxBasedOnInvestmentIncome
Total Tax	14	TotalTax
Distributable Amount Before Adj	4515	DistributableAmountBeforeAdj
Distributable Amount Before Ded	4515	DistributableAmountBeforeDed
Distributable Amount As Adjusted	4515	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	4248	ExpensesAndContributions
Qualifying Distributions	4248	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	14	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	4234	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	4515	DistributableAmountAsAdjusted
Prior Year1	2006	PriorYear1
Prior Year2	2007	PriorYear2
Prior Year3	2008	PriorYear3
Total For Prior Years	1207	TotalForPriorYears
Excess Distri Carryover Year1	289	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	289	TotalExcessDistriCarryover
Qualifying Distributions	4248	QualifyingDistributions
Applied To Current Year	4248	AppliedToCurrentYear
Excess Distri Cyov App CY Corpus	267	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	267	ExcessDistriCyovAppliedCY
Total Corpus	22	TotalCorpus
Prior Year Undistributed Income	1207	PriorYearUndistributedIncome
Taxable Amount1	1207	TaxableAmount1
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	22	ExcessDistriCyovToNextYear
Excess From Year1	22	ExcessFromYear1

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (9 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
Season of Sharing
P O Box 49587	Sarasota	FL	34230	None	Charitable	$200
Meals on Wheels
811 23rd Avenue E	Bradenton	FL	34208	None	Charitable	$250
Salvation Army
2415 Tamiami Trail	Bradenton	FL	34205	None	Charitable	$150
Humane Society of Manatee County
2515 Tamiami Trail	Bradenton	FL	34205	None	Charitable	$200
American Red Cross
2905 59th Street W	Bradenton	FL	34209	None	Charitable	$125
World Wild Life
2956 Prospect Street	Sarasota	FL	34239	None	Charitable	$100
Care
151 Ellis Street NE	Atlanta	GA	30303	None	Charitable	$25
Habitat for Humanity
121 Habitat Street	Americus	GA	31709	None	Charitable	$25
United Way
1701 Tamiami Trail	Bradenton	FL	34205	None	Charitable	$100

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	1175	TotGrantOrContriPaidDuringYear

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	Dale G. Martin, CPA	Category
Amount	$240	Amount
Net Investment Income	293	NetInvestmentIncome
Adjusted Net Income	293	AdjustedNetIncome
Disbursements Charitable Prps	240	DisbursementsCharitablePrps

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (11 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
300 shares of Duke Energy	3432	5343
300 shares of Altria Group	3251	7386
100 shares of MGE Energy	3155	4276
300 shares of Realty Income	6484	20520
400 shares of Reynolds American	3748	13048
475 shares of Teco Energy Pfd 9.5	10202	8455
200 shares of Pfizer	4948	3502
100 shares of Chevron Texaco	5393	9125
207 shares of Kraft Foods	3327	6523
150 shares of Spectra Enegy	3432	3748
300 shares of Philip Morris International	7408	17559

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Adjusted Net IncomeAdjustedNetIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
Filing fee	10	10	10	10
Taxes	13	13	13	13
Check fee	10	10	10	10