Goergen Foundation Inc, Thomas Finn P C 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Connecticut
| Goergen Foundation Inc, Thomas Finn P C | |
| Employer Identification Number (EIN) | 061180035 |
| Name of Organization | Goergen Foundation Inc |
| Secondary Name | Thomas Finn P C |
| In Care of Name | Marcum Llp |
| Address | 35 Mason St, Greenwich, CT 06830-5433 |
| Activities | School, college, trade school, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 01/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| 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 | $22,234,799 |
| Amount of Income | $16,738,533 |
| Form 990 Revenue Amount | $1,870,949 |
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 | $1,367,412 | $1,367,412 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $645,460 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $53,421 | |||
| Other | $668,531 | |||
| Total expenses and disbursements | $1,138,190 | $400,830 | $0 | $712,189 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $521,220 | $400,830 | $95,219 | |
| Contributions, gifts, grants paid | $616,970 | |||
| Excess of revenue over expenses and disbursements | $229,222 | |||
| Net investment income | $966,582 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $21,073,442 | $21,073,442 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $4,006,050 | |
| Investments-corporate bonds | $2,171,145 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $14,376,676 | |
| Other | $519,571 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $21,073,442 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $668,531 |
| 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 | $19,332 |
| Total credits and payments | $29,720 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $29,720 |
| 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 | $44 |
| Tax due | $0 |
| Overpayment | $10,344 |
| Amount to be credited to 2013 estimated tax | $10,344 |
| 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 | $21,779,652 |
| Net value of noncharitable-use assets | $21,452,960 |
| Minimum investment return | $1,072,648 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,053,316 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,053,316 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $66,523 | $0 | $66,523 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $66,523 | $12 | $66,523 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $66,523 |
| Unrelated business taxable income before net operating loss deduction | $66,523 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $66,523 |
| Specific deduction | $1,000 |
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| Other organizations in Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Family Career And Community Leaders Of America Inc | C/O Susan Clark 919 North River Road, Coventry, CT 06238 | CT | 1946-12 | $5,223,350 |
| 2 | Feinberg Family Foundation | 250 Round Hill Rd, Greenwich, CT 06831-3359 | CT | 1998-08 | $589,099 |
| 3 | Fellowship House Ministries Inc | 466 Long Hill Rd, Groton, CT 06340-4107 | CT | 1991-04 | $75,155 |
| 4 | Ferguson Family Foundation Inc | 457 Castle Ave Ste 101, Fairfield, CT 06825-5446 | CT | 2000-01 | $368,818 |
| 5 | Forgotten Felines Inc | PO BOX 734, Clinton, CT 06413-0734 | CT | 1994-05 | $194,996 |
| 6 | Forman Schools Inc | PO BOX 80, Litchfield, CT 06759-0080 | CT | 1935-01 | $15,819,030 |
| 7 | Forum Health Enterprises Co | 6 Sandy Hill Ter, Westport, CT 06880-4609 | CT | 2006-02 | $473,320 |
| 8 | Friends Of New Milford Library Inc | 24 Main St, New Milford, CT 06776 | CT | 1996-09 | $30,655 |
| 9 | Futures Incorporated | 158 Broad St, Middletown, CT 06457-3328 | CT | 1998-07 | $3,935,630 |
| 10 | Garde Arts Center Inc | 312 State St, New London, CT 06320-6101 | CT | 1986-09 | $2,412,472 |
| 11 | Goergen Foundation Inc, Thomas Finn P C | 35 Mason St, Greenwich, CT 06830-5433 | CT | 1987-01 | $16,738,533 |
| 12 | Goldring Family Foundation Inc | 48 Mill Pond Rd, Sherman, CT 06784-2102 | CT | 1996-03 | $1,815,408 |
| 13 | Goldstone Family Foundation | 445 Main St, Ridgefield, CT 06877-4513 | CT | 2000-11 | $4,192,394 |
| 14 | Goodnow Fund, Goodnow Edward B Ttee | 9 Old Kings Highway South, Darien, CT 06820-4505 | CT | 1994-10 | $1,092,242 |
| 15 | Goodwin College Inc | 1 Riverside Dr, East Hartford, CT 06118-1837 | CT | 2002-01 | $117,132,842 |
| 16 | Grant And Jacqui Smith Foundation | 42 Lillis Rd, New Milford, CT 06776-3126 | CT | 1996-06 | $-4,394 |
| 17 | Greater Bridgeport Symphony Society Inc | 446 University Ave, Bridgeport, CT 06604-5627 | CT | 1947-12 | $510,804 |
| 18 | Griffin Health Services Corporation | 130 Division St, Derby, CT 06418-1326 | CT | 1985-02 | $4,168,063 |
| 19 | Habitat For Humanity International Inc, Greater New Haven | 37 Union St, New Haven, CT 06511-5747 | CT | 1987-01 | $1,858,486 |
| 20 | Harbor Health Services Inc | 14 Sycamore Way, Branford, CT 06405-6551 | CT | 1981-05 | $6,760,129 |
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