| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 10,531 | 2,125 | 8,406 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| FURNITURE | 2000-12-20 | 1,182 | 1,182 | 200DB | 7.000000000000 | 0 | 0 | ||
| FURNITURE | 2001-01-01 | 1,240 | 200DB | 7.000000000000 | 0 | 0 | |||
| FURNITURE | 2001-01-01 | 1,425 | 200DB | 7.000000000000 | 0 | 0 | |||
| FURNITURE | 2001-02-01 | 4,594 | 200DB | 7.000000000000 | 0 | 0 | |||
| FURNITURE | 2001-02-01 | 6,443 | 200DB | 7.000000000000 | 0 | 0 | |||
| FURNITURE | 2001-02-01 | 1,478 | 200DB | 7.000000000000 | 0 | 0 | |||
| FURNITURE | 2001-02-01 | 1,721 | 200DB | 7.000000000000 | 0 | 0 | |||
| FURNITURE | 2001-07-01 | 1,943 | 200DB | 7.000000000000 | 0 | 0 | |||
| FURNITURE | 2002-07-01 | 4,396 | 200DB | 7.000000000000 | 0 | 0 | |||
| COMPUTER EQUIPMENT | 2014-04-10 | 1,719 | 1,719 | SL | 5.000000000000 | 0 | 0 | ||
| 2019 FORD TAURUS | 2020-09-01 | 25,443 | 17,811 | SL | 5.000000000000 | 5,089 | 0 |
| Dissolution Name | Dissolution Address | Explanation | Dissolution Amount |
|---|---|---|---|
| THOMPSON SCHOOLS FOUNDATION |
PO BOX 703238 PLYMOUTH,MI48170 |
DURING 2024, THERE WAS A TRANSFER OF GREATER THAN 25 PERCENT OF THE ASSETS TO A RELATED PRIVATE FOUNDATION. A SCHEDULE ALLOCATING THE TAX ATTRIBUTES IS ATTACHED. | 4,341,250 |
| Grantee's Name | Grantee's Address | Grant Date | Grant Amount | Grant Purpose | Amount Expended By Grantee | Any Diversion By Grantee? | Dates of Reports By Grantee | Date of Verification | Results of Verification |
|---|---|---|---|---|---|---|---|---|---|
|
THOMPSON SCHOOLS FOUNDATION |
PO BOX 703238 PLYMOUTH,MI48170 |
2024-04-02 | 4,341,250 | THE LOAN WAS USED TO SUPPORT THE FOUNDATION'S FURTHERANCE OF EDUCATIONAL ACTIVITIES IN THE CITY OF DETROIT.ON APRIL 2ND, THE CURRENT LOAN DESCRIBED ABOVE WAS FORGIVEN BY THE WAY OF THIS GRANT. | 4,341,250 | NONE | DECEMBER 31, 2024 | 2024-12-31 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| PAGE 5, PART VI-B, QUESTION 1A(3): | THE FOUNDATION ACCEPTS DONATED SERVICES FROM A BUSINESS ENTITY OWNED BY ONE OF ITS TRUSTEES. |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FURNITURE | 1,182 | 1,182 | 0 | |
| FURNITURE | 1,240 | 1,240 | 0 | |
| FURNITURE | 1,425 | 1,425 | 0 | |
| FURNITURE | 4,594 | 4,594 | 0 | |
| FURNITURE | 6,443 | 6,443 | 0 | |
| FURNITURE | 1,478 | 1,478 | 0 | |
| FURNITURE | 1,721 | 1,721 | 0 | |
| FURNITURE | 1,943 | 1,943 | 0 | |
| FURNITURE | 4,396 | 4,396 | 0 | |
| COMPUTER EQUIPMENT | 1,719 | 1,719 | 0 | |
| 2019 FORD TAURUS | 25,443 | 22,900 | 2,543 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 25,153 | 12,610 | 12,543 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| LOAN RECEIVABLE - CHASE NMTC | 4,341,250 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| VEHICLE | 7,606 | 0 | 7,606 | |
| MEALS AND ENTERTAINMENT | 1,784 | 0 | 1,784 | |
| OFFICE EXPENSES | 6,183 | 3,091 | 3,092 | |
| MISCELLANEOUS | 1,040 | 0 | 1,040 | |
| INSURANCE | 3,890 | 0 | 3,890 | |
| EDUCATIONAL CONSULTING | 54,030 | 0 | 54,030 | |
| COMPUTER EXPENSES | 1,202 | 0 | 1,202 | |
| SEMINARS | 14,421 | 0 | 14,421 | |
| BANK CHARGES | 14 | 0 | 14 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAXES | 819 | 0 | 0 |