Meriden Foundation in Waterbury, 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
Meriden Foundation | |
Employer Identification Number (EIN) | 066037849 |
Name of Organization | Meriden Foundation |
Address | 123 Bank St, Waterbury, CT 06702-2205 |
Activities | Scholarships (other), Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 06/1954 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Trust |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $10,000,000 to $49,999,999 |
Income | $10,000,000 to $49,999,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $22,826,306 |
Amount of Income | $20,509,265 |
Form 990 Revenue Amount | $1,217,965 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $20,509,265 (it was $4,719,504 in 2012)
Meriden Foundation: | $20,509,265 |
Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $22,826,306 (it was $12,493,825 in 2012)
Meriden Foundation: | $22,826,306 |
Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $1,434,124
Meriden Foundation: | $1,434,124 |
Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 14.3
Meriden Foundation: | 14.3 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 1.1%
This organization: | 1.1% |
Other organizations performing similar types of work: | 22.8% |
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 | $1,798,046 | $1,778,887 | $0 | |
Contributions, gifts, grants, etc., received | $19,159 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $606,691 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $1,172,196 | |||
Total expenses and disbursements | $1,434,124 | $188,393 | $0 | $1,229,757 |
Compensation of officers, directors, trustees, etc. | $214,083 | |||
Total operating and administrative expenses | $244,345 | $188,393 | $39,978 | |
Contributions, gifts, grants paid | $1,189,779 | |||
Excess of revenue over expenses and disbursements | $363,922 | |||
Net investment income | $1,590,494 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $12,493,825 | $20,927,788 |
Cash - non-interest-bearing | $0 | |
Investments-U.S. and state government obligations | $45,265 | |
Investments-corporate stock | $8,049,343 | |
Investments-corporate bonds | $3,858,414 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $540,803 | |
Total liabilities | $10,240 | |
Mortgages and other notes payable | $0 | |
Other | $10,240 | |
Total liabilities and net assets/fund balances | $12,483,585 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $1,172,196 |
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 | $15,905 |
Total credits and payments | $15,734 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,734 |
Exempt foreign organizations-tax withheld at source | $0 |
Tax paid with application for extension of time to file (Form 8868) | $10,000 |
Backup withholding erroneously withheld | $0 |
Any penalty for underpayment of estimated tax | $69 |
Tax due | $240 |
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? | 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 2012) | |
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $20,566,408 |
Net value of noncharitable-use assets | $20,257,920 |
Minimum investment return | $1,012,896 |
Distributable Amount (for 2012) | |
Distributable amount | $996,991 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $996,991 |
Undistributed income for 2012. This amount must be distributed in 2013 | $830,057 |
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 | Say Yes To Education Foundation | One State St, Hartford, CT 06103-3100 | CT | 2007-07 | $173,555,936 |
2 | The Tow Foundation Inc, Emily Tow Jackson | 50 Locust Ave, New Canaan, CT 06840-4737 | CT | 2000-03 | $148,017,699 |
3 | Zoom Foundation, Mandel Stephen F Jr Ttee | 1210 Post Rd, Fairfield, CT 06824-6008 | CT | 2001-02 | $95,028,176 |
4 | S & L Marx Foundation Inc | 7 Dogwood Ln, Greenwich, CT 06830-3917 | CT | 2004-04 | $13,072,884 |
5 | Martino Family Foundation | 329 Mariomi Rd, New Canaan, CT 06840-3318 | CT | 2013-01 | $9,988,142 |
6 | Patricia S Heyman Foundation Inc | 500 W Putnam Ave, Greenwich, CT 06830-6086 | CT | 2012-08 | $9,580,995 |
7 | Twenty-Seven Foundation, D Travis Engen Ttee | Ct2-545-02-05, Glastonbury, CT 06033 | CT | 2008-09 | $7,972,203 |
8 | Worldquant Foundation | 1700 East Putnam, Old Greenwich, CT 06870-1366 | CT | 2009-02 | $6,722,590 |
9 | Summer Hill Foundation | 888 Summer Hill Rd, Madison, CT 06443-1604 | CT | 2007-12 | $6,491,218 |
10 | David Fund Ta 12092013, Steven M Fast Et Al Ttee | C/O Utc 9 Farm Springs Rd 1st Floor, Farmington, CT 06032 | CT | 2014-10 | $5,722,693 |
11 | Sigrid Rvc Kendall Foundation | 120 Field Point Cir, Greenwich, CT 06830-7071 | CT | 2014-09 | $5,061,852 |
12 | The Pasculano Foundation | 12 Loch Ln, Greenwich, CT 06830-3024 | CT | 2008-04 | $5,001,736 |
13 | John T And Jane A Wiederhold Foundation | PO BOX 1144, Torrington, CT 06790-1144 | CT | 2008-03 | $4,692,035 |
14 | Tinty Foundation Inc | 422 Highland Ave Ste 5, Cheshire, CT 06410-2526 | CT | 2011-01 | $3,735,798 |
15 | William And Lynda Steere Foundation, Davis Elwood B Co-Ttee | PO BOX 2630, Westport, CT 06880-0630 | CT | 1999-07 | $3,693,826 |
16 | Emil And Toby Meshberg Family Foundation Inc | 665 Sasco Hill Rd, Fairfield, CT 06824-6376 | CT | 2013-08 | $3,557,432 |
17 | David H Lodbell Charitable Trust | 850 Main St, Bridgeport, CT 06604-4917 | CT | 2011-07 | $3,283,084 |
18 | Kurtz Family Foundation | 107 Lords Hwy, Weston, CT 06883-1739 | CT | 2013-01 | $2,988,416 |
19 | James R And Frances H Berger Foundation Inc | 21 Marlow Ct, Riverside, CT 06878-2614 | CT | 2012-02 | $2,798,635 |
20 | Brightwater Fund | C/O Vogel Co, Darien, CT 06820 | CT | 2010-03 | $2,644,808 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 22,395 |
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