Litchfield County University Club 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
- Other organizations in Connecticut
| Litchfield County University Club | |
| Employer Identification Number (EIN) | 066055891 |
| Name of Organization | Litchfield County University Club |
| In Care of Name | Roger A Chace |
| Address | 12 Aspetuck Ave, New Milford, CT 06776-2821 |
| Activities | Gifts, grants, or loans to other organizations, Scholarships (other) |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 02/1967 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| 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 | $1,437,082 |
| Amount of Income | $169,450 |
| Form 990 Revenue Amount | $50,854 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $50,854 | $72,949 | $4,372 | |
| Contributions, gifts, grants, etc., received | $2,515 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $38,989 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $9,350 | |||
| Total expenses and disbursements | $86,477 | $13,165 | $0 | $71,315 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $24,977 | $13,165 | $9,815 | |
| Contributions, gifts, grants paid | $61,500 | |||
| Excess of revenue over expenses and disbursements | $-35,623 | |||
| Net investment income | $59,784 | |||
| Adjusted net income | $4,372 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,459,838 | $1,528,345 |
| Cash - non-interest-bearing | $17,851 | |
| Investments-U.S. and state government obligations | $50,213 | |
| Investments-corporate stock | $813,473 | |
| Investments-corporate bonds | $362,840 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $215,461 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,459,838 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $1,196 |
| Total credits and payments | $679 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $679 |
| 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 | $517 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $1,583,915 |
| Net value of noncharitable-use assets | $1,560,160 |
| Minimum investment return | $78,008 |
| Distributable Amount (for 2011) | |
| Distributable amount | $76,812 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $76,812 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $2,197 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Litchfield Community Services Fund | Po Box 819, Litchfield, CT 06759 | CT | 1967-10 | $26,746 |
| 2 | Litchfield Conservation Trust Inc | PO BOX 712, Litchfield, CT 06759-0712 | CT | 1968-12 | $88,579 |
| 3 | Litchfield Country Club Incorporated | 256 Old South Rd, Litchfield, CT 06759-4021 | CT | 1965-02 | $1,490,889 |
| 4 | The Arc Of Litchfield County Inc | 314 Main St, Torrington, CT 06790-5055 | CT | 1966-09 | $6,571,333 |
| 5 | Litchfield County Bmx Group Inc | PO BOX 961, Torrington, CT 06790 | CT | 2000-06 | $32,630 |
| 6 | Litchfield County Board Of Realtors Inc | 21 Prospect St Ste E, Torrington, CT 06790-6355 | CT | 1969-02 | $254,949 |
| 7 | Litchfield County Choral Union Inc | 112 Norfolk Road, Litchfield, CT 06759 | CT | 1990-08 | $0 |
| 8 | Litchfield County Dispatch Inc | 111 Water St, Torrington, CT 06790-5321 | CT | 1989-03 | $2,547,663 |
| 9 | Litchfield County Fire Chiefs Emergency Plan Inc | PO BOX 335, Pleasant Vly, CT 06063-0335 | CT | 1997-09 | $119,712 |
| 10 | Litchfield County Medical Association | PO BOX 416, Torrington, CT 06790-0416 | CT | 1982-11 | $27,342 |
| 11 | Litchfield County University Club | 12 Aspetuck Ave, New Milford, CT 06776-2821 | CT | 1967-02 | $169,450 |
| 12 | Litchfield High School Scholarship Association Inc | PO BOX 652, Litchfield, CT 06759-0652 | CT | 1959-11 | $2,681,886 |
| 13 | Litchfield Hills Audubon Society Inc | Po Box 861, Litchfield, CT 06759 | CT | 1960-06 | $20,833 |
| 14 | Litchfield Hills Chore Service Inc | PO BOX 294, Litchfield, CT 06759-0294 | CT | 2006-02 | $172,780 |
| 15 | Litchfield Hills Food Systems Inc | PO BOX 607, Litchfield, CT 06759 | CT | 2009-02 | $69,143 |
| 16 | Litchfield Hills Rowing Club Inc | PO BOX 42, Litchfield, CT 06759-0042 | CT | 1981-03 | $46,245 |
| 17 | Litchfield Historical Society | PO BOX 385, Litchfield, CT 06759-0385 | CT | 1938-04 | $2,626,222 |
| 18 | Litchfield Housing Trust Inc | PO BOX 1121, Litchfield, CT 06759-1121 | CT | 1994-08 | $382,227 |
| 19 | Litchfield Montessori School Inc | 5 Knife Shop Rd, Northfield, CT 06778-2603 | CT | 1974-09 | $1,330,978 |
| 20 | Litchfield Performing Arts Inc | PO BOX 69, Litchfield, CT 06759-0069 | CT | 1989-08 | $1,133,799 |
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