Canaan Exchange Club Charitable Trust in Torrington, 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
| Canaan Exchange Club Charitable Trust | |
| Employer Identification Number (EIN) | 061030724 |
| Name of Organization | Canaan Exchange Club Charitable Trust |
| Address | 752 New Harwinton Rd, Torrington, CT 06790-5930 |
| Activities | Scholarships (other), Other student aid |
| Subsection | Charitable Organization |
| Ruling Date | 05/1981 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $123,727 |
| Amount of Income | $184,493 |
| Form 990 Revenue Amount | $26,052 |
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 | $31,325 | $2,436 | $22,332 | |
| Contributions, gifts, grants, etc., received | $6,557 | |||
| Interest on savings and temporary cash investments | $22 | |||
| Dividends and interest from securities | $2,392 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $22,332 | |||
| Other | $22 | |||
| Total expenses and disbursements | $25,086 | $529 | $9,747 | $14,810 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $10,276 | $529 | $0 | |
| Contributions, gifts, grants paid | $14,810 | |||
| Excess of revenue over expenses and disbursements | $6,239 | |||
| Net investment income | $1,907 | |||
| Adjusted net income | $12,585 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $107,707 | $114,284 |
| Cash - non-interest-bearing | $2,879 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $20,000 | |
| Investments-corporate bonds | $59,478 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $19,990 | |
| Other | $5,360 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $107,707 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $22 |
| 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 | $38 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $38 |
| 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 | $109,586 |
| Net value of noncharitable-use assets | $107,940 |
| Minimum investment return | $5,397 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5,359 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5,359 |
| 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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| Other organizations in Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Camp Hazen Young Mens Christian Association Inc | 204 W Main St, Chester, CT 06412-1013 | CT | 1971-04 | $2,680,683 |
| 2 | Horizons Inc | PO BOX 323, South Windham, CT 06266-0323 | CT | 1980-02 | $4,651,372 |
| 3 | Horizons Programs Inc | PO BOX 323, South Windham, CT 06266-0323 | CT | 1987-12 | $6,425,207 |
| 4 | Camp Laurelwood Inc | 463 Summer Hill Rd, Madison, CT 06443-1804 | CT | 1957-07 | $1,674,642 |
| 5 | Camp Mohawk Incorporated | PO BOX 1209, Litchfield, CT 06759-1209 | CT | 1965-09 | $1,397,478 |
| 6 | Camp Rising Sun Charitablefoundation Inc | 779 Rt 82, Oakdale, CT 06370-1020 | CT | 2007-09 | $498,613 |
| 7 | Camp Sloane Incorporated | 124 Indian Mountain Rd, Lakeville, CT 06039-2031 | CT | 1943-04 | $1,666,633 |
| 8 | Camulos Foundation Inc | 1 Landmark Sq Fl 4, Stamford, CT 06901-2601 | CT | 2007-01 | $41 |
| 9 | Canaan Cemetery Association | 198 S Canaan Rd, Canaan, CT 06018-2503 | CT | 1944-03 | $216,237 |
| 10 | Canaan Child Care Center Inc | PO BOX 811, Canaan, CT 06018-0811 | CT | 1975-12 | $267,180 |
| 11 | Canaan Exchange Club Charitable Trust | 752 New Harwinton Rd, Torrington, CT 06790-5930 | CT | 1981-05 | $184,493 |
| 12 | Canaan Fire Company Inc | Main Street, Canaan, CT 06018 | CT | 1934-08 | $143,876 |
| 13 | Canaan Foundation Inc | PO BOX 823, Canaan, CT 06018-0823 | CT | 2000-08 | $20,631 |
| 14 | Canaan Ridge School Corp | 2810 Long Ridge Rd, Stamford, CT 06903-1122 | CT | 1978-10 | $662,022 |
| 15 | Canavan Research Foundation Inc | 15 Alpine Rd, New Fairfield, CT 06812-3322 | CT | 2001-03 | $2,350 |
| 16 | Candlelight Concert Series Corporation | PO BOX 3, Wilton, CT 06897-0003 | CT | 1988-03 | $43,957 |
| 17 | Candlewood Heights Beach Club Inc | 8 Candlewood Hts, New Milford, CT 06776-4553 | CT | 2002-03 | $18,053 |
| 18 | Candlewood Knolls Childrens Program | 21 N Beach Dr, New Fairfield, CT 06812-3425 | CT | 1977-05 | $64,054 |
| 19 | Candlewood Lake Club Inc | Candlewood Lake Rd, Brookfield, CT 06804 | CT | 1964-10 | $794,554 |
| 20 | Candlewood Tax District | PO BOX 123, Sherman, CT 06784-0123 | CT | 1978-04 | $348,828 |
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