Hunters Scholarship Fund In Memory Of Bill Lawton And Carol Gillooly, Hunter-Kranich Diane in Meriden, 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
- Organizations performing similar types of work
Hunters Scholarship Fund In Memory Of Bill Lawton And Carol Gillooly, Hunter-Kranich Diane | |
Employer Identification Number (EIN) | 066429541 |
Name of Organization | Hunters Scholarship Fund In Memory Of Bill Lawton And Carol Gillooly |
Secondary Name | Hunter-Kranich Diane |
Address | 450 W Main St, Meriden, CT 06451-2708 |
Activities | Scholarships (other) |
Subsection | Charitable Organization |
Ruling Date | 01/1997 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Trust |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 09/2013 |
Assets | $100,000 to $499,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $193,025 |
Amount of Income | $161,175 |
Form 990 Revenue Amount | $64,633 |
National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $161,175 (it was $85,873 in 2012)
This organization: | $161,175 |
Other organizations performing similar types of work: | $72,336 |
Assets in 2013: $193,025 (it was $214,869 in 2012)
This organization: | $193,025 |
Other organizations performing similar types of work: | $239,394 |
Expenses in 2012: $43,928
This organization: | $43,928 |
Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2012: 3.7
Hunters Scholarship Fund In Memory Of Bill Lawton And Carol Gillooly, Hunter-Kranich Diane: | 3.7 |
Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2012: 2.8%
Hunters Scholarship Fund In Memory Of Bill Lawton And Carol Gillooly, Hunter-Kranich Diane: | 2.8% |
Other organizations performing similar types of work: | 0.1% |
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 | $71,496 | $3,941 | $65,555 | |
Contributions, gifts, grants, etc., received | $2,000 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $3,318 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $65,555 | |||
Other | $623 | |||
Total expenses and disbursements | $43,928 | $33 | $28,847 | $9,045 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $34,883 | $33 | $0 | |
Contributions, gifts, grants paid | $9,045 | |||
Excess of revenue over expenses and disbursements | $27,568 | |||
Net investment income | $3,908 | |||
Adjusted net income | $36,708 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $214,869 | $214,869 |
Cash - non-interest-bearing | $44,677 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $163,689 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $6,503 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $214,869 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $623 |
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 | $78 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $78 |
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? | Yes |
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? | Yes |
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? | Yes |
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 | $180,219 |
Net value of noncharitable-use assets | $177,520 |
Minimum investment return | $8,876 |
Distributable Amount (for 2012) | |
Distributable amount | $8,798 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $8,798 |
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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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
2 | The Michael Bolton Charities Inc | 33 N Main St, Wallingford, CT 06492-3700 | CT | 1993-07 | $1,314,097 |
3 | Roxbury Scholarship Foundation Inc | PO BOX 106, Roxbury, CT 06783-0106 | CT | 1970-09 | $596,043 |
4 | Staples High School Tuition Grants Committee Inc | PO BOX 5159, Westport, CT 06881-5159 | CT | 1976-03 | $354,751 |
5 | The Hord Foundation Inc | PO BOX 4671, Danbury, CT 06813-4671 | CT | 1993-08 | $299,188 |
6 | William Widdy Neale Scholarship Fund Inc | 35 Cold Spring Rd Ste 212, Rocky Hill, CT 06067-3162 | CT | 1986-08 | $115,393 |
7 | Yale Club And Scholarship Foundation Of Hartford Inc | PO BOX 270084, West Hartford, CT 06127-0084 | CT | 1960-10 | $98,414 |
8 | Macricostas Scholarship Trust Inc | 15 Secor Rd, Brookfield, CT 06804 | CT | 1997-05 | $75,000 |
9 | Rotary Club Of New Canaan Charitable Foundation Inc | PO BOX 62, New Canaan, CT 06840-0062 | CT | 1998-07 | $67,826 |
10 | Weston Woods Institute Inc | 389 Newtown Tpke, Weston, CT 06883-1116 | CT | 1985-02 | $50,000 |
11 | Vera Arterburn Memorial Scholarship Fund Inc | 111 Founders Plaza, East Hartford, CT 06108-3212 | CT | 1996-07 | $38,632 |
12 | The Eagle Foundation Inc | 11 Henry St, Greenwich, CT 06830-5809 | CT | 1996-05 | $32,001 |
13 | Visiting Nurse Association Of Newtown Inc | 45 Main St, Newtown, CT 06470-2134 | CT | 1940-04 | $24,806 |
14 | Daniel A Boucher Memorial Scholarship Award | 758 Boswell Ave, Norwich, CT 06360-2543 | CT | 1991-07 | $20,656 |
15 | William J Ryan Scholarship Inc | PO BOX 171, Unionville, CT 06085-0171 | CT | 1997-09 | $16,491 |
16 | The Arcadian Foundation | 1 Mayflower Rd, Darien, CT 06820-5709 | CT | 1995-12 | $12,705 |
17 | Connecticut Engineers Education Foundation Inc | 460 Smith St Ste K, Middletown, CT 06457 | CT | 1997-04 | $7,360 |
18 | American Association Of University Women | 21 Hard St, Naugatuck, CT 06770 | CT | 1998-02 | $0 |
19 | Anna Anderson Doering Memorial Scholarship Tr | 14 Prospect Hill Road, Cromwell, CT 06416 | CT | 1993-04 | $0 |
20 | Assoc Of Retired Teachers Of Ct Glenn Moon Scholarship Find Inc, Artc Glen Moon Scholarship Fund Inc | 405 Lakeside Blvd W, Waterbury, CT 06708-2830 | CT | 1994-03 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,412 |
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