Leo Nevas Family Foundation Inc in Chester, 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
Leo Nevas Family Foundation Inc | |
Employer Identification Number (EIN) | 066068842 |
Name of Organization | Leo Nevas Family Foundation Inc |
In Care of Name | Joann Price |
Address | 4 Water St, Chester, CT 06412 |
Activities | Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 10/1963 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 11/2013 |
Assets | $10,000,000 to $49,999,999 |
Income | $5,000,000 to $9,999,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $11,085,351 |
Amount of Income | $6,467,568 |
Form 990 Revenue Amount | $-205,658 |
Non-representatives - add comments:
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 | $-205,658 | $136,356 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $22 | |||
Dividends and interest from securities | $136,334 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Total expenses and disbursements | $295,861 | $17,814 | $0 | $245,000 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $50,861 | $17,814 | $0 | |
Contributions, gifts, grants paid | $245,000 | |||
Excess of revenue over expenses and disbursements | $-501,519 | |||
Net investment income | $118,542 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $5,033,444 | $5,714,577 |
Cash - non-interest-bearing | $12,339 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $5,020,503 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $602 | |
Total liabilities | $2,212 | |
Mortgages and other notes payable | $0 | |
Other | $2,212 | |
Total liabilities and net assets/fund balances | $5,031,232 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $0 |
Net capital loss | $-342,014 |
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 | $2,371 |
Total credits and payments | $6,201 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $6,201 |
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 | $3,830 |
Amount to be credited to 2013 estimated tax | $3,830 |
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 | $5,583,635 |
Net value of noncharitable-use assets | $5,499,880 |
Minimum investment return | $274,994 |
Distributable Amount (for 2012) | |
Distributable amount | $272,623 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $272,623 |
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 | Legatus, Legatus Of Fairfield County | 16 Dewart Rd, Greenwich, CT 06830-3417 | CT | 1989-09 | $18,640 |
2 | Lego Community Fund Us Inc | 555 Taylor Rd, Enfield, CT 06082-2372 | CT | 2008-02 | $1,014,110 |
3 | Legrand North America Foundation Inc | 60 Woodlawn St, W Hartford, CT 06110-2326 | CT | 1967-08 | $0 |
4 | Lehrman Institute | One Fawcett Place, Greenwich, CT 06830-6553 | CT | 1972-12 | $2,061,943 |
5 | Leila Day Nurseries Inc | 100 Cold Spring St, New Haven, CT 06511-2204 | CT | 1943-04 | $1,739,452 |
6 | Lemko Research Foundation Inc | 15 Locust Street, Norwalk, CT 06855 | CT | 1981-11 | $1,518 |
7 | Lempert Family Foundation | 16 Fairview Ave, Stamford, CT 06902-8129 | CT | 1999-01 | $33,699 |
8 | Lenore & Howard Klein Foundation Inc | 170 Mason St, Greenwich, CT 06830-6644 | CT | 1992-11 | $614,900 |
9 | Lenore R Bland & Sydney F Bland Charitable Foundation Inc, Bland R Lenore Pres | 13 Palestine Rd, Newtown, CT 06470-2524 | CT | 2000-04 | $60,299 |
10 | Leo J Ryan Education Foundation | 881 Lafayette St Ste 404, Bridgeport, CT 06604-4724 | CT | 1998-12 | $70,618 |
11 | Leo Nevas Family Foundation Inc | 4 Water St, Chester, CT 06412 | CT | 1963-10 | $6,467,568 |
12 | Leon N Lapine Charitable Residuary Trust Ua 6th Of Will 091585, Devito A M Jr & Kweskin S C Ttees | 46 Greenwood Ave, Darien, CT 06820-2401 | CT | $588,263 | |
13 | Leona J Ward Charitable Foundation | 28 N Main St, West Hartford, CT 06107-1971 | CT | 1999-07 | $51,453 |
14 | Leona J Ward Charitable Tr Fbo St Anthony Church, Ferraro Mark J Ttee | 28 N Main St, West Hartford, CT 06107-1971 | CT | 2001-03 | $62,752 |
15 | Leona J Ward Supporting Organization, Ferraro Mark J Ttee | 28 N Main St, West Hartford, CT 06107-1971 | CT | 2001-03 | $65,701 |
16 | Leopold Swergold Family Foundation | 299 Compo Rd S, Westport, CT 06880-6516 | CT | 1999-01 | $1 |
17 | Leslie Jayne Meoni Trust | 123 Bank St, Waterbury, CT 06702-2205 | CT | 1978-10 | $965 |
18 | Lester And Phyllis Foster Foundation | 716 Pudding Hill Rd, Hampton, CT 06247-1502 | CT | 2004-07 | $724,092 |
19 | Greenwich Community Projects Fund Inc | 293 Rowayton Ave, Rowayton, CT 06853-1023 | CT | 1992-12 | $120,693 |
20 | Levi E Coe Library Association | PO BOX 458, Middlefield, CT 06455-0458 | CT | 1960-10 | $305,430 |
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