Lewis G Schaeneman Jr Foundation, William Colwell Sec in Hamden, 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
| Lewis G Schaeneman Jr Foundation, William Colwell Sec | |
| Employer Identification Number (EIN) | 061390923 |
| Name of Organization | Lewis G Schaeneman Jr Foundation |
| Secondary Name | William Colwell Sec |
| Address | 2319 Whitney Ave Ste 1d, Hamden, CT 06518-3534 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 09/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $6,798,150 |
| Amount of Income | $2,081,402 |
| Form 990 Revenue Amount | $122,063 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $2,081,402 (it was $2,047,597 in 2012)
| This organization: | $2,081,402 |
| Other organizations performing similar types of work: | $153,770 |
Assets in 2013: $6,798,150 (it was $6,689,512 in 2012)
| Lewis G Schaeneman Jr Foundation, William Colwell Sec: | $6,798,150 |
| Other organizations performing similar types of work: | $516,948 |
Expenses in 2012: $462,936
| Lewis G Schaeneman Jr Foundation, William Colwell Sec: | $462,936 |
| Other organizations performing similar types of work: | $60,348 |
Income to expenses ratio in 2012: 4.5
| Lewis G Schaeneman Jr Foundation, William Colwell Sec: | 4.5 |
| Other organizations performing similar types of work: | 2.2 |
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 | $465,205 | $465,205 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $253,533 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-4,354 | |||
| Other | $216,026 | |||
| Total expenses and disbursements | $462,936 | $31,408 | $0 | $426,913 |
| Compensation of officers, directors, trustees, etc. | $100,500 | |||
| Total operating and administrative expenses | $167,303 | $31,408 | $131,280 | |
| Contributions, gifts, grants paid | $295,633 | |||
| Excess of revenue over expenses and disbursements | $2,269 | |||
| Net investment income | $433,797 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $6,689,512 | $7,304,722 |
| Cash - non-interest-bearing | $5,229 | |
| Investments-U.S. and state government obligations | $165,712 | |
| Investments-corporate stock | $2,620,663 | |
| Investments-corporate bonds | $1,293,502 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,956,706 | |
| Other | $647,700 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $6,689,512 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $216,026 |
| 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 | $4,338 |
| Total credits and payments | $15,400 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $9,400 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $6,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $11,062 |
| Amount to be credited to 2013 estimated tax | $11,062 |
| 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? | 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? | 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 | $7,273,545 |
| Net value of noncharitable-use assets | $7,164,440 |
| Minimum investment return | $358,222 |
| Distributable Amount (for 2012) | |
| Distributable amount | $353,884 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $353,884 |
| 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 | Sage Foundation Inc | 16 Khakum Dr, Greenwich, CT 06831-3727 | CT | 1997-09 | $11,763,440 |
| 2 | Russel & Deborah Taylor Foundation | 31 Indian Point Ln, Riverside, CT 06878-2622 | CT | 1997-06 | $4,443,249 |
| 3 | Lewis G Schaeneman Jr Foundation, William Colwell Sec | 2319 Whitney Ave Ste 1d, Hamden, CT 06518-3534 | CT | 1995-09 | $2,081,402 |
| 4 | Goldring Family Foundation Inc | 48 Mill Pond Rd, Sherman, CT 06784-2102 | CT | 1996-03 | $1,815,408 |
| 5 | Bobs Discount Furniture Charitable Foundation Inc | 1007 Farmington Ave Ste 7, W Hartford, CT 06107-2107 | CT | 1997-05 | $906,735 |
| 6 | Stuart Higley Foundation Inc | 76 Park St, New Canaan, CT 06840-4509 | CT | 1995-08 | $888,011 |
| 7 | Chaikin-Wile Foundation Inc, Wile Ruth C | C/O Friedberg Smith - 855 Main, Bridgeport, CT 06604 | CT | 1996-11 | $871,929 |
| 8 | Ruth W Brown Foundation | 170 Mason St, Greenwich, CT 06830-6644 | CT | 1995-02 | $726,187 |
| 9 | Weller Foundation Inc Formerly Vitramon Foundation Inc | PO BOX 1145, Woodbury, CT 06798-1145 | CT | 1995-03 | $645,468 |
| 10 | William & Adeline Penfield Jarvis Foundation, Jarvis Penfield Ttee | 229 Buckingham St, Hartford, CT 06106-1607 | CT | 1997-07 | $615,337 |
| 11 | Nicholas And Viola Spinelli Foundation Inc | C/O Viola J Spinelli, Milford, CT 06460 | CT | 1996-11 | $388,505 |
| 12 | Deborah And Ned Stiles Fund, Stiles Ned B Ttee | 50 Burying Hill Rd, Greenwich, CT 06831-3026 | CT | 1997-01 | $174,391 |
| 13 | Friends Of The Cyrenius H Booth Library Inc | 25 Main St, Newtown, CT 06470-2105 | CT | 1993-07 | $170,549 |
| 14 | Solstice Foundation Tr, Abramson Alan Et Al Ttee | 15 Oakwood Ave, Norwalk, CT 06850-1301 | CT | 1997-01 | $71,124 |
| 15 | Thomas & Marguerite Moore Family Foundation, Moore Thomas F Et Al Ttee | 8 Stonington Cmns Unit 36, Stonington, CT 06378-1472 | CT | 1998-02 | $52,618 |
| 16 | Stanley Seniors Charitable Foundation Inc | 1000 Stanley Dr, New Britain, CT 06053-1675 | CT | 1995-03 | $3,997 |
| 17 | Rubin Family Foundation, Rubin Jeffrey S Ttee | PO BOX 1078, Southport, CT 06890-2078 | CT | 1995-10 | $956 |
| 18 | Stephen & Sharon Bassock Charitable Tr Ua 112596, Bassock Stephen A & Sharon S Ttee | 84 Turning Mill Ln, New Canaan, CT 06840-3832 | CT | 1997-10 | $8 |
| 19 | Jff Of Waterbury Supporting Foundation Inc | PO BOX F, Woodbury, CT 06798-5006 | CT | 1996-11 | $0 |
| 20 | Teisha Capozzi Oleary Memorial Foundation Inc | 114 Oxford St, Bridgeport, CT 06606-1939 | CT | 1993-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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