Griffis Art Center Inc in New London, 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
| Griffis Art Center Inc | |
| Employer Identification Number (EIN) | 061281243 |
| Name of Organization | Griffis Art Center Inc |
| In Care of Name | Sharon Tripp Griffis |
| Address | 18 Bristol St, New London, CT 06320-5916 |
| Activities | Art exhibit, Cultural exchanges with foreign country |
| Subsection | Charitable Organization |
| Ruling Date | 10/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,156,898 |
| Amount of Income | $158,037 |
| Form 990 Revenue Amount | $106,467 |
Non-representatives - add comments:
Revenue 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 | $86,908 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $7,945 | |||
| Interest on savings and temporary cash investments | $1 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $78,962 | |||
| Total expenses and disbursements | $175,230 | $0 | $0 | $115,357 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $175,230 | $0 | $115,357 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-88,322 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,161,510 | $1,162,531 |
| Cash - non-interest-bearing | $775 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,160,735 | |
| Total liabilities | $300,000 | |
| Mortgages and other notes payable | $300,000 | |
| Total liabilities and net assets/fund balances | $861,510 | |
| 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? | Yes |
| 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 | $2,671 |
| Net value of noncharitable-use assets | $2,640 |
| Minimum investment return | $132 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $115,357 | $169,750 | $177,308 | $165,403 | $627,818 |
| Qualifying distributions made directly for active conduct of exempt activities | $115,357 | $169,750 | $177,308 | $165,403 | $627,818 |
| Value of all assets | $1,039,312 | $1,100,646 | $1,207,494 | $1,344,031 | $4,691,483 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $1,039,312 | $1,100,646 | $1,207,494 | $1,344,031 | $4,691,483 |
| 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 | Greenwich Youth Baseball Inc | 7 Benedict Pl, Greenwich, CT 06830-5330 | CT | 2004-07 | $44,642 |
| 2 | Greenwich Youth Lacrosse Inc | 380 North St, Greenwich, CT 06830-3931 | CT | 1998-02 | $284,313 |
| 3 | Greenwoods Counseling Referrals Inc | PO BOX 1549, Litchfield, CT 06759-1549 | CT | 1993-01 | $544,732 |
| 4 | Greenwoods Scholarship Foundation Inc | PO BOX 834, Winsted, CT 06098-0834 | CT | 1975-12 | $287,910 |
| 5 | Gregory J Coenen Family Foundation | PO BOX 271820, West Hartford, CT 06127-1820 | CT | 2009-01 | $38,533 |
| 6 | Gregory T Spagnoletti Memorial Foundation | 62 Wolff St, Waterbury, CT 06708-1028 | CT | 2002-01 | $73,361 |
| 7 | Greyhound Pets Of America, Connecticut Greyhound Adoption | PO BOX 900, Avon, CT 06001-0900 | CT | 1998-04 | $26,750 |
| 8 | Griffin Faculty Practice Plan Inc | 130 Division St, Derby, CT 06418-1326 | CT | 1997-09 | $3,866,004 |
| 9 | Griffin Hospital Development Fund Inc | 130 Division St, Derby, CT 06418-1326 | CT | 1985-02 | $710,341 |
| 10 | Griffin Youth Hockey Association Inc | PO BOX 5, Pomfret, CT 06258-0005 | CT | 2002-05 | $86,878 |
| 11 | Griffis Art Center Inc | 18 Bristol St, New London, CT 06320-5916 | CT | 1991-10 | $158,037 |
| 12 | Grip Foundation Inc | C/O A Rama Krishna 18 Sidney Lanier, Greenwich, CT 06831 | CT | 2008-07 | $24,690 |
| 13 | Griswold Fish & Game Club | PO BOX 175, Jewett City, CT 06351-0175 | CT | 2002-08 | $14,389 |
| 14 | Griswold Soccer Club | PO BOX 183, Jewett City, CT 06351-0183 | CT | 1998-03 | $60,647 |
| 15 | The Grossman Family Foundation | 133 River Rd, Cos Cob, CT 06807-2539 | CT | 2010-04 | $132,895,448 |
| 16 | Groton Ambulance Assoc Inc Rte 117 | PO BOX 824, Groton, CT 06340-0824 | CT | 1993-01 | $1,657,971 |
| 17 | Groton Animal Foundation Inc | Po Box 7023, Groton, CT 06340 | CT | 2007-06 | $0 |
| 18 | Groton Long Point Yacht Club | PO BOX 3415, Groton, CT 06340-8204 | CT | 1983-03 | $315,446 |
| 19 | Groton Mystic Falcons Youth Football League Inc | PO BOX 760, Groton, CT 06340-0760 | CT | 1993-06 | $94,882 |
| 20 | Groton Open Space Association Inc | PO BOX 9187, Groton, CT 06340-9187 | CT | 1997-08 | $299,583 |
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