Lawrence J Portell And Natalie D Portell Foundation Inc in New Milford, 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
| Lawrence J Portell And Natalie D Portell Foundation Inc | |
| Employer Identification Number (EIN) | 061508183 |
| Name of Organization | Lawrence J Portell And Natalie D Portell Foundation Inc |
| In Care of Name | Cramer & Anderson Llp |
| Address | 51 Main St, New Milford, CT 06776-2807 |
| Activities | Non financial services of facilities to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,406,430 |
| Amount of Income | $504,950 |
| Form 990 Revenue Amount | $17,534 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2014: $504,950 (it was $324,846 in 2012)
| This organization: | $504,950 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2014: $1,406,430 (it was $1,559,360 in 2012)
| This organization: | $1,406,430 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $110,341
| Lawrence J Portell And Natalie D Portell Foundation Inc: | $110,341 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 4.6
| This organization: | 4.6 |
| Other organizations performing similar types of work: | 2.0 |
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 | $58,118 | $58,118 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $10,932 | |||
| Dividends and interest from securities | $14,359 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $32,827 | |||
| Total expenses and disbursements | $110,341 | $0 | $0 | $104,600 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,741 | $0 | $0 | |
| Contributions, gifts, grants paid | $104,600 | |||
| Excess of revenue over expenses and disbursements | $-52,223 | |||
| Net investment income | $58,118 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,559,360 | $1,583,234 |
| Cash - non-interest-bearing | $126 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,291,377 | |
| Other | $267,857 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,559,360 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $32,827 |
| 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 | $581 |
| Total credits and payments | $800 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $800 |
| 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 | $0 |
| Overpayment | $219 |
| Amount to be credited to 2013 estimated tax | $219 |
| 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 | $1,583,001 |
| Net value of noncharitable-use assets | $1,559,260 |
| Minimum investment return | $77,963 |
| Distributable Amount (for 2012) | |
| Distributable amount | $77,382 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $77,382 |
| 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 | S & G Foundation | PO BOX 860, Saratoga Spgs, NY 12866-0860 | NY | 1998-01 | $316,260,515 |
| 2 | The Walsh Foundation | 190 S Lasalle St Ste 1700, Chicago, IL 60603-3496 | IL | 1995-06 | $46,605,330 |
| 3 | Tasajillo Charitable Trust, Wyatt O S Jr Ttee | PO BOX 56223, Houston, TX 77256-6223 | TX | 1997-06 | $40,568,060 |
| 4 | Stuller Family Foundation | 1213 Terrace Hwy, Broussard, LA 70518-7643 | LA | 1995-04 | $34,623,905 |
| 5 | Phillip S Miller Foundation | PO BOX 3168, Portland, OR 97208-3168 | OR | 1996-09 | $32,166,827 |
| 6 | Ion Bank Foundation Inc | 251 Church St, Naugatuck, CT 06770-4121 | CT | 1998-12 | $4,224,534 |
| 7 | Berkley Foundation Inc | 475 Steamboat Rd, Greenwich, CT 06830-7144 | CT | 1997-07 | $2,096,629 |
| 8 | Finn Fam Foundation Inc | C/O Marcum Llp 35 Mason St, Greenwich, CT 06830 | CT | 1995-02 | $1,796,229 |
| 9 | The Frederick A Deluca Foundation Inc | 300 Bic Dr, Milford, CT 06461-3055 | CT | 1997-06 | $1,123,709 |
| 10 | Hodgman Family Foundation Tr, Hodgman Thomas F Ttee | 731 Sasco Hill Rd, Fairfield, CT 06824-6376 | CT | 1997-12 | $748,663 |
| 11 | Robert R Rosenheim Foundation Inc | PO BOX 308, Sharon, CT 06069-0308 | CT | 1998-04 | $505,002 |
| 12 | Lawrence J Portell And Natalie D Portell Foundation Inc | 51 Main St, New Milford, CT 06776-2807 | CT | 1998-07 | $504,950 |
| 13 | Jane T Muhlethaler Foundation Inc | 19 Ludlow R 101, Westport, CT 06880-3040 | CT | 1998-03 | $484,272 |
| 14 | Geigl Fam Charitable Foundation Tr, Geigl William A Ttee | C/O Mark W Dost 60 N Main St Fl 2, Waterbury, CT 06702 | CT | 1998-07 | $417,861 |
| 15 | Leonard And Mildred Igstaedter Foundation Inc | 72 Whipstick Rd, Ridgefield, CT 06877-5029 | CT | 1995-03 | $400,170 |
| 16 | Patrick And Joy Williamson Foundation, Williamson Patrick M Et Al Ttees | One Atlantic St, Stamford, CT 06901-2482 | CT | 1997-10 | $342,790 |
| 17 | Xenon Foundation, Bronfin Barry Ttee | 70 Far Hills Dr, Avon, CT 06001-2877 | CT | 1997-03 | $140,296 |
| 18 | Suzanne Lafollette Culley Charitable Foundation | 13 Lakeside Dr, Stamford, CT 06903-5031 | CT | 1998-11 | $101,617 |
| 19 | Peak Wellness Foundation Incorporated | 195 Field Point Rd 2, Greenwich, CT 06830-6441 | CT | 1998-08 | $1 |
| 20 | Good Samaritan Inc | 638 Pequot Ave, New London, CT 06320-4300 | CT | 1995-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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