Barnes Foundation Incorporated in East Hartland, Connecticut (CT)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Connecticut
| Barnes Foundation Incorporated | |
| Employer Identification Number (EIN) | 066037160 |
| Name of Organization | Barnes Foundation Incorporated |
| Address | PO BOX 288, East Hartland, CT 06027-0288 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1946 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $9,409,178 |
| Amount of Income | $2,141,765 |
| Form 990 Revenue Amount | $299,021 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1,047,898 | $1,047,898 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $233,196 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $814,702 | |||
| Total expenses and disbursements | $458,660 | $37,203 | $0 | $401,121 |
| Compensation of officers, directors, trustees, etc. | $50,000 | |||
| Total operating and administrative expenses | $138,660 | $37,203 | $81,121 | |
| Contributions, gifts, grants paid | $320,000 | |||
| Excess of revenue over expenses and disbursements | $589,238 | |||
| Net investment income | $1,010,695 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,333,473 | $8,333,473 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $3,130,290 | |
| Investments-corporate bonds | $1,850,882 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $3,294,403 | |
| Other | $57,898 | |
| Total liabilities | $14,854 | |
| Mortgages and other notes payable | $0 | |
| Other | $14,854 | |
| Total liabilities and net assets/fund balances | $8,318,619 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $814,702 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $20,214 |
| Total credits and payments | $5,360 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,360 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $14,854 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $8,541,612 |
| Net value of noncharitable-use assets | $8,413,480 |
| Minimum investment return | $420,674 |
| Distributable Amount (for 2012) | |
| Distributable amount | $400,460 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $400,460 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $394,598 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Barbara Shampain Foundation Inc | 75 Isham Rd Ste 300, West Hartford, CT 06107-2237 | CT | 1996-06 | $3,122 |
| 2 | Silver Family Foundation | PO BOX 4080, Darien, CT 06820-1480 | CT | 1999-03 | $5,637,522 |
| 3 | Barbieri Center Inc | 300 Summit St, Hartford, CT 06106-3100 | CT | 1976-02 | $3,050,008 |
| 4 | Barc Charitable Tr, Dicrosta Frank Ttee | PO BOX 726, Bristol, CT 06011-0726 | CT | 1991-03 | $400 |
| 5 | Barden Foundation Inc | 1146 Barnum Ave, Bridgeport, CT 06610-2705 | CT | 1961-09 | $120,609 |
| 6 | Barkhamsted Historical Society Inc | Po Box 94, Pleasant Valley, CT 06063 | CT | 1975-07 | $0 |
| 7 | Barkhamsted Parent Teacher Organization | 65 Ripley Hill Rd, Barkhamsted, CT 06063-3340 | CT | 1988-03 | $69,511 |
| 8 | Barn Sale Inc | 2407 Dixwell Ave, Hamden, CT 06514-1808 | CT | 1973-12 | $82,242 |
| 9 | Barnaba Institute Inc | 655 Booth Hill Road, Trumbull, CT 06611 | CT | 2007-07 | $0 |
| 10 | Barnabas Foundation Inc | PO BOX 571, Tariffville, CT 06081-0571 | CT | 1994-11 | $40,000 |
| 11 | Barnes Foundation Incorporated | PO BOX 288, East Hartland, CT 06027-0288 | CT | 1946-07 | $2,141,765 |
| 12 | Barnes Group Foundation Inc | 123 Main St, Bristol, CT 06010-6307 | CT | 1974-02 | $1,119,069 |
| 13 | Barnes Group Inc Retiree Medical Pl Vol Emps Beneficiary Association | 123 Main St, Bristol, CT 06010-6307 | CT | 1999-04 | $1,437,011 |
| 14 | Barnum Museum Foundation Inc | 820 Main St, Bridgeport, CT 06604-4912 | CT | 1987-03 | $528,071 |
| 15 | Barry Sheehan Charitable Trust Inc | 188 Main St Ste A, Monroe, CT 06468-1149 | CT | 2001-10 | $37,421 |
| 16 | Bartko Family Charitable Foundation Tr, Bartko Maxim C & Penelope A Ttee | 39 Bowman Dr, Greenwich, CT 06831-3236 | CT | 1995-12 | $10,201 |
| 17 | Bartlett Arboretum Association Inc | 151 Brookdale Rd, Stamford, CT 06903-4119 | CT | 1966-02 | $919,495 |
| 18 | Bartlett Tree Foundation Inc | PO BOX 3067, Stamford, CT 06905-0067 | CT | 1987-05 | $94,951 |
| 19 | Barton Foundation Tr Ua 122895, Barton Cornelius J & Carolyn P Ttee | PO BOX 120, Stamford, CT 06904-0120 | CT | 1997-01 | $20,461 |
| 20 | Baseball Association Of Wolcott Inc | PO BOX 6119, Wolcott, CT 06716-0119 | CT | 1987-03 | $132,994 |
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