Bobs Discount Furniture Charitable Foundation Inc in W Hartford, 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
- Organizations performing similar types of work
Bobs Discount Furniture Charitable Foundation Inc | |
Employer Identification Number (EIN) | 061475682 |
Name of Organization | Bobs Discount Furniture Charitable Foundation Inc |
In Care of Name | Kaufman Adv |
Address | 1007 Farmington Ave Ste 7, W Hartford, CT 06107-2107 |
Activities | Aid to the handicapped (see also 031), Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 05/1997 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $500,000 to $999,999 |
Income | $500,000 to $999,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $669,396 |
Amount of Income | $906,735 |
Form 990 Revenue Amount | $635,213 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $906,735 (it was $659,500 in 2012)
Bobs Discount Furniture Charitable Foundation Inc: | $906,735 |
Other organizations performing similar types of work: | $153,770 |
Assets in 2013: $669,396 (it was $414,969 in 2012)
This organization: | $669,396 |
Other organizations performing similar types of work: | $516,948 |
Expenses in 2012: $566,245
This organization: | $566,245 |
Other organizations performing similar types of work: | $60,348 |
Income to expenses ratio in 2012: 1.6
This organization: | 1.6 |
Other organizations performing similar types of work: | 2.2 |
Grants share in income in 2012: 94.7%
This organization: | 94.7% |
Other organizations performing similar types of work: | 0.0% |
Revenue for 2012
Expenses 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 | $659,500 | $0 | $34,979 | |
Contributions, gifts, grants, etc., received | $624,521 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $0 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $34,979 | |||
Total expenses and disbursements | $566,245 | $0 | $34,979 | $495,817 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $70,428 | $0 | $0 | |
Contributions, gifts, grants paid | $495,817 | |||
Excess of revenue over expenses and disbursements | $93,255 | |||
Net investment income | $0 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $414,969 | $414,969 |
Cash - non-interest-bearing | $414,969 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $414,969 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $0 |
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 | $0 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $0 |
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? | No |
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 | $402,161 |
Net value of noncharitable-use assets | $396,120 |
Minimum investment return | $19,806 |
Distributable Amount (for 2012) | |
Distributable amount | $19,806 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $19,806 |
Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
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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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Sage Foundation Inc | 16 Khakum Dr, Greenwich, CT 06831-3727 | CT | 1997-09 | $11,763,440 |
2 | Russel & Deborah Taylor Foundation | 31 Indian Point Ln, Riverside, CT 06878-2622 | CT | 1997-06 | $4,443,249 |
3 | Lewis G Schaeneman Jr Foundation, William Colwell Sec | 2319 Whitney Ave Ste 1d, Hamden, CT 06518-3534 | CT | 1995-09 | $2,081,402 |
4 | Goldring Family Foundation Inc | 48 Mill Pond Rd, Sherman, CT 06784-2102 | CT | 1996-03 | $1,815,408 |
5 | Bobs Discount Furniture Charitable Foundation Inc | 1007 Farmington Ave Ste 7, W Hartford, CT 06107-2107 | CT | 1997-05 | $906,735 |
6 | Stuart Higley Foundation Inc | 76 Park St, New Canaan, CT 06840-4509 | CT | 1995-08 | $888,011 |
7 | Chaikin-Wile Foundation Inc, Wile Ruth C | C/O Friedberg Smith - 855 Main, Bridgeport, CT 06604 | CT | 1996-11 | $871,929 |
8 | Ruth W Brown Foundation | 170 Mason St, Greenwich, CT 06830-6644 | CT | 1995-02 | $726,187 |
9 | Weller Foundation Inc Formerly Vitramon Foundation Inc | PO BOX 1145, Woodbury, CT 06798-1145 | CT | 1995-03 | $645,468 |
10 | William & Adeline Penfield Jarvis Foundation, Jarvis Penfield Ttee | 229 Buckingham St, Hartford, CT 06106-1607 | CT | 1997-07 | $615,337 |
11 | Nicholas And Viola Spinelli Foundation Inc | C/O Viola J Spinelli, Milford, CT 06460 | CT | 1996-11 | $388,505 |
12 | Deborah And Ned Stiles Fund, Stiles Ned B Ttee | 50 Burying Hill Rd, Greenwich, CT 06831-3026 | CT | 1997-01 | $174,391 |
13 | Friends Of The Cyrenius H Booth Library Inc | 25 Main St, Newtown, CT 06470-2105 | CT | 1993-07 | $170,549 |
14 | Solstice Foundation Tr, Abramson Alan Et Al Ttee | 15 Oakwood Ave, Norwalk, CT 06850-1301 | CT | 1997-01 | $71,124 |
15 | Thomas & Marguerite Moore Family Foundation, Moore Thomas F Et Al Ttee | 8 Stonington Cmns Unit 36, Stonington, CT 06378-1472 | CT | 1998-02 | $52,618 |
16 | Stanley Seniors Charitable Foundation Inc | 1000 Stanley Dr, New Britain, CT 06053-1675 | CT | 1995-03 | $3,997 |
17 | Rubin Family Foundation, Rubin Jeffrey S Ttee | PO BOX 1078, Southport, CT 06890-2078 | CT | 1995-10 | $956 |
18 | Stephen & Sharon Bassock Charitable Tr Ua 112596, Bassock Stephen A & Sharon S Ttee | 84 Turning Mill Ln, New Canaan, CT 06840-3832 | CT | 1997-10 | $8 |
19 | Jff Of Waterbury Supporting Foundation Inc | PO BOX F, Woodbury, CT 06798-5006 | CT | 1996-11 | $0 |
20 | Teisha Capozzi Oleary Memorial Foundation Inc | 114 Oxford St, Bridgeport, CT 06606-1939 | CT | 1993-06 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 740 |
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