Medi-Rec Foundation in New Canaan, 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
| Medi-Rec Foundation | |
| Employer Identification Number (EIN) | 066182480 |
| Name of Organization | Medi-Rec Foundation |
| Address | 73 Kimberly Pl, New Canaan, CT 06840-4512 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1975 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $471,419 |
| Amount of Income | $40,002 |
| Form 990 Revenue Amount | $2,905 |
Non-representatives - add comments:
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 | $34,485 | $11,924 | $11,924 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $15 | |||
| Dividends and interest from securities | $11,909 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $22,561 | |||
| Total expenses and disbursements | $32,890 | $3,340 | $6,000 | $23,550 |
| Compensation of officers, directors, trustees, etc. | $6,000 | |||
| Total operating and administrative expenses | $9,340 | $3,340 | $0 | |
| Contributions, gifts, grants paid | $23,550 | |||
| Excess of revenue over expenses and disbursements | $1,595 | |||
| Net investment income | $8,584 | |||
| Adjusted net income | $5,924 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $453,504 | $453,504 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $407,263 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $46,241 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $453,504 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $22,561 |
| 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 | $172 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $172 |
| 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? | 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 | $438,504 |
| Net value of noncharitable-use assets | $431,920 |
| Minimum investment return | $21,596 |
| Distributable Amount (for 2012) | |
| Distributable amount | $21,424 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $21,424 |
| 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 | Meadows I Inc | 1 Mill Pond Ln, Simsbury, CT 06070-2486 | CT | 2000-01 | $8,137 |
| 2 | Meadows Real Estate Management And Development Corporation | 555 Windsor St, Hartford, CT 06120-2418 | CT | 1989-10 | $647,112 |
| 3 | Meals On Wheels Of Ridgefield | 25 Gilbert St, Ridgefield, CT 06877-4551 | CT | 1975-05 | $385,004 |
| 4 | Meals On Wheels Of Wilton Inc | PO BOX 125, Wilton, CT 06897-0125 | CT | 1982-04 | $314,946 |
| 5 | Meals-On-Wheels Inc Of Greenwich Connecticut | 89 Maple Ave, Greenwich, CT 06830-5621 | CT | 1966-06 | $315,439 |
| 6 | Meals-On-Wheels Of New Canaan Inc | PO BOX 231, New Canaan, CT 06840-0231 | CT | 1990-10 | $124,340 |
| 7 | Mechanical Contractors Association Of Connecticut Inc | 10 Broadway, Hamden, CT 06518-2614 | CT | 1972-04 | $652,326 |
| 8 | Mechanical Contractors Association Of Connecticut Industry Fund | 10 Broadway, Hamden, CT 06518-2614 | CT | 1995-05 | $571,903 |
| 9 | Mechanical Contractors Of Southwestern Connecticut Inc | 10 Broadway, Hamden, CT 06518-2614 | CT | 1990-11 | $905 |
| 10 | Medco Management & Service Corp | 500 S Broad St, Meriden, CT 06450-6643 | CT | 1992-01 | $29,754 |
| 11 | Medi-Rec Foundation | 73 Kimberly Pl, New Canaan, CT 06840-4512 | CT | 1975-10 | $40,002 |
| 12 | Medical And Dental Plan For Union Employees Of Aquarion Water Compan | 600 Lindley St, Bridgeport, CT 06606-5044 | CT | 2007-12 | $2,794,495 |
| 13 | Medical And Dental Staff Fund St Francis Hospital & Medical Cent | 114 Woodland Street, Hartford, CT 06105-1208 | CT | 1999-03 | $230,520 |
| 14 | Medical Reimbursement Plan Trust | 555 Long Wharf Drive, New Haven, CT 06511-6107 | CT | 1982-02 | $1,086,680 |
| 15 | Medical-Dental Benefit Plan Trust For Employees Of Aetna Serv Inc, Casualty Company Trust | 151 Farmington Ave, Hartford, CT 06156-0001 | CT | 1992-08 | $29,156,845 |
| 16 | Meeting Professionals International, Connecticut River Valley | 330 Main St Fl 3, Hartford, CT 06106-1851 | CT | 1981-05 | $29,191 |
| 17 | Mehta Educational & Charitable Trust Inc | PO BOX 8888, New Fairfield, CT 06812-8888 | CT | 1982-03 | $0 |
| 18 | Meisenheimer Foundation Inc | PO BOX 470, Milford, CT 06460-0470 | CT | 1993-05 | $10,471 |
| 19 | Melanie Ilene Rieger Memorial Foundation Inc | C/O Samuel Rieger 343 Gaylord Drive, Waterbury, CT 06708 | CT | 2003-10 | $32,122 |
| 20 | Melinda & Paul Sullivan Foundation For The Decorative Arts Inc | 1093 Prospect Ave, West Hartford, CT 06105-1104 | CT | 2005-07 | $1,681 |
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