Chester Kitchings Family Foundation in Essex, 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
| Chester Kitchings Family Foundation | |
| Employer Identification Number (EIN) | 066044228 |
| Name of Organization | Chester Kitchings Family Foundation |
| Address | PO BOX 309, Essex, CT 06426-0309 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1965 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $33,574,691 |
| Amount of Income | $11,048,392 |
| Form 990 Revenue Amount | $1,765,228 |
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 | $2,411,059 | $2,418,239 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,632,368 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $778,691 | |||
| Total expenses and disbursements | $2,789,252 | $132,876 | $0 | $2,650,955 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $264,252 | $132,876 | $125,955 | |
| Contributions, gifts, grants paid | $2,525,000 | |||
| Excess of revenue over expenses and disbursements | $-378,193 | |||
| Net investment income | $2,285,363 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $33,909,864 | $51,498,600 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $15,114,331 | |
| Investments-corporate bonds | $4,334,694 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $12,794,887 | |
| Other | $1,665,952 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $33,909,864 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $778,691 |
| 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 | $22,854 |
| Total credits and payments | $22,041 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $22,041 |
| 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 | $813 |
| 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 | $50,444,091 |
| Net value of noncharitable-use assets | $49,687,440 |
| Minimum investment return | $2,484,372 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,461,518 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,461,518 |
| 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 | Abilities Without Boundries Inc | 615 W Johnson Ave, Cheshire, CT 06410-4531 | CT | 1979-12 | $1,779,122 |
| 2 | Cheshire Police Benevolent Association, Cheshire Pba Community Foundation | 500 Highland Ave, Cheshire, CT 06410 | CT | 1990-08 | $5,794 |
| 3 | Cheshire Police Benevolent Association Inc | 500 Highland Ave, Cheshire, CT 06410 | CT | 1998-06 | $32,367 |
| 4 | American Federation Of State County & Municipal Employees, L1720ct Cheshire Ct Police Ofcrs | 500 Highland Ave, Cheshire, CT 06410-2249 | CT | 1957-08 | $109,262 |
| 5 | Cheshire Wildcats Inc | PO BOX 1308, Cheshire, CT 06410-5308 | CT | 2003-08 | $107,975 |
| 6 | Cheshire Youth Baseball Incorporated | PO BOX 512, Cheshire, CT 06410-0512 | CT | 1994-03 | $298,754 |
| 7 | Cheshires Lights Of Hope | PO BOX 553, Cheshire, CT 06410-0553 | CT | 2008-08 | $67,417 |
| 8 | Chester Agricultural & Mechanical Society | PO BOX 646, Chester, CT 06412-0646 | CT | 1947-02 | $138,031 |
| 9 | Chester Child Center Inc | PO BOX 597, Chester, CT 06412-0597 | CT | 1978-05 | $122,937 |
| 10 | Chester Historical Society Inc | PO BOX 204, Chester, CT 06412-0204 | CT | 1970-11 | $68,154 |
| 11 | Chester Kitchings Family Foundation | PO BOX 309, Essex, CT 06426-0309 | CT | 1965-03 | $11,048,392 |
| 12 | Chester Land Trust | PO BOX 82, Chester, CT 06412-0082 | CT | 1989-11 | $3,565 |
| 13 | Chester Parent Teacher Organization | 23 Ridge Rd, Chester, CT 06412-1152 | CT | 1997-01 | $29,913 |
| 14 | Chester Village West Foundation Inc | 317 West Main Street 3105, Chester, CT 06412 | CT | 1999-05 | $24,837 |
| 15 | Chesterfield Fire Co Inc | 1606 Route 85, Chesterfield, CT 06370-1715 | CT | 1991-01 | $242,617 |
| 16 | Chestnut Grove Association Inc | 200 Chestnut Grv, New Milford, CT 06776-2555 | CT | 1992-01 | $673,077 |
| 17 | Chestnut Hill Concerts Inc | PO BOX 183, Guilford, CT 06437-0183 | CT | 1970-07 | $63,009 |
| 18 | Chestnut Hill Housing Inc | 127 Washington Ave Ste 5 # East, North Haven, CT 06473-1715 | CT | 1996-08 | $806,341 |
| 19 | Chez Nous Inc | 42 Johnson Rd, Columbia, CT 06237-1213 | CT | 1996-10 | $195,130 |
| 20 | Chh Credit Union Inc | 540 Litchfield St, Torrington, CT 06790-6679 | CT | 1976-03 | $134,253 |
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