Carl Forstmann Memorial Foundation in Greenwich, 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
| Carl Forstmann Memorial Foundation | |
| Employer Identification Number (EIN) | 226042706 |
| Name of Organization | Carl Forstmann Memorial Foundation |
| In Care of Name | Elissa L Moran |
| Address | 536 Lake Ave, Greenwich, CT 06830-3852 |
| Activities | Gifts, grants, or loans to other organizations, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 05/1926 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,012,523 |
| Amount of Income | $85,442 |
| Form 990 Revenue Amount | $17,831 |
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 | $61,091 | $61,072 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $11,840 | |||
| Dividends and interest from securities | $13,401 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $19 | |||
| Gross sales less returns and allowances | $19 | |||
| Less: Cost of goods sold | $0 | |||
| Other income | $0 | |||
| Other | $35,831 | |||
| Total expenses and disbursements | $103,580 | $0 | $0 | $89,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $14,580 | $0 | $0 | |
| Contributions, gifts, grants paid | $89,000 | |||
| Excess of revenue over expenses and disbursements | $-42,489 | |||
| Net investment income | $61,072 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,012,523 | $25,592 |
| Cash - non-interest-bearing | $13,265 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $742,452 | |
| Investments-corporate bonds | $244,479 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $12,327 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,012,523 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $35,831 |
| 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 | $611 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $5 |
| Tax due | $616 |
| 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 | $915,122 |
| Net value of noncharitable-use assets | $901,400 |
| Minimum investment return | $45,070 |
| Distributable Amount (for 2012) | |
| Distributable amount | $44,459 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $44,459 |
| 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 | Cardinal Quarterback Club Inc | 3 Boulder Ave, Old Greenwich, CT 06870-1420 | CT | 2014-06 | $110,177 |
| 2 | Cardinal Shehan Center Inc, John G Phelan | 1494 Main St, Bridgeport, CT 06604-3621 | CT | 1946-03 | $2,587,827 |
| 3 | Care And Share Of East Lyme | PO BOX 114, East Lyme, CT 06333-0114 | CT | 2001-08 | $118,034 |
| 4 | Career Resources Inc | 350 Fairfield Ave, Bridgeport, CT 06604-6014 | CT | 1997-03 | $6,131,136 |
| 5 | Carefree Homeowners Assoc Inc | Box 58, Lebanon, CT 06249 | CT | 1977-09 | $0 |
| 6 | Carelink Corporation | 580 Long Hill Ave, Shelton, CT 06484-4803 | CT | 1999-07 | $1,903,094 |
| 7 | Carey Family Foundation | 685 Post Rd, Darien, CT 06820-4718 | CT | 2005-12 | $3,878,084 |
| 8 | Caribbean American Society Of Hartford Inc | 400 Woodland St, Hartford, CT 06112-2149 | CT | 1976-08 | $313,842 |
| 9 | Caring Families Pregnancy Services Inc | PO BOX 71, Willimantic, CT 06226-0071 | CT | 1989-05 | $170,583 |
| 10 | Carl & Dorothy Bennett Foundation Inc | One Milbank Avenue Bldg 4 No Apt D, Greenwich, CT 06830-5732 | CT | 1963-12 | $2,388,185 |
| 11 | Carl Forstmann Memorial Foundation | 536 Lake Ave, Greenwich, CT 06830-3852 | CT | 1926-05 | $85,442 |
| 12 | Carle C Conway Scholarship Foundation | 95 Alexandra Dr, Stamford, CT 06903-1731 | CT | 1952-01 | $698,614 |
| 13 | Carley Cunniff Peter S Dixon Md Foundation | PO BOX 800, Essex, CT 06426-0800 | CT | 2007-09 | $410,537 |
| 14 | Carling Technologies Inc Employees Benefits Trust, Carlingswitch | 60 Johnson Ave, Plainville, CT 06062-1181 | CT | 1983-12 | $1,578,650 |
| 15 | Carlingswitch Incorporated Employee Benefits Trust | 60 Johnson Ave, Plainville, CT 06062-1181 | CT | 1983-11 | $855,334 |
| 16 | Karlson Family Foundation | 59 Merrimac Dr, Trumbull, CT 06611-1725 | CT | 1994-04 | $151,918 |
| 17 | Carol L Sirot Foundation, Sirot Carol L Ttee | 7 Wingate Rd, Guilford, CT 06437-3726 | CT | 2001-01 | $124,725 |
| 18 | Caroline House Inc | 574 Stillman St, Bridgeport, CT 06608-1328 | CT | 1963-01 | $1,020,666 |
| 19 | Carolyns Place | 137 Grandview Ave, Waterbury, CT 06708-2508 | CT | 1992-12 | $282,450 |
| 20 | Carriage Club Inc | PO BOX 97, Avon, CT 06001-0097 | CT | 1968-04 | $75,404 |
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