Mildred L Cannon Trust, Kevin Mccann Ttee in Vernon, 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
| Mildred L Cannon Trust, Kevin Mccann Ttee | |
| Employer Identification Number (EIN) | 066227269 |
| Name of Organization | Mildred L Cannon Trust |
| Secondary Name | Kevin Mccann Ttee |
| Address | 45 Hartford Turnpike, Vernon, CT 06066-5274 |
| Subsection | Charitable Organization |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $514,080 |
| Amount of Income | $112,003 |
| Form 990 Revenue Amount | $177,354 |
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 | $30,648 | $30,648 | $67 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $91 | |||
| Dividends and interest from securities | $20,460 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $67 | |||
| Other | $10,030 | |||
| Total expenses and disbursements | $51,566 | $13,456 | $0 | $38,110 |
| Compensation of officers, directors, trustees, etc. | $10,850 | |||
| Total operating and administrative expenses | $20,566 | $13,456 | $7,110 | |
| Contributions, gifts, grants paid | $31,000 | |||
| Excess of revenue over expenses and disbursements | $-20,918 | |||
| Net investment income | $17,192 | |||
| Adjusted net income | $67 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $509,695 | $759,170 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $392,197 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $117,498 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $509,695 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $10,030 |
| 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 | $3,392 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,392 |
| 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 | $3,220 |
| Amount to be credited to 2013 estimated tax | $400 |
| 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 | $764,651 |
| Net value of noncharitable-use assets | $753,180 |
| Minimum investment return | $37,659 |
| Distributable Amount (for 2012) | |
| Distributable amount | $37,487 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $37,487 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $24,850 |
| 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 | Midnight Sun Inc Iii | 10 State House Sq Fl 15, Hartford, CT 06103-3600 | CT | 2008-07 | $1,406,333 |
| 2 | Midnight Sun Inc Iv | 10 State House Sq 15th Fl, Hartford, CT 06103-3604 | CT | 2008-07 | $2,659,361 |
| 3 | Midnight Sun Inc V | 10 State House Square 15th Fl, Hartford, CT 06103-3604 | CT | 2008-07 | $2,207,997 |
| 4 | Midstate Medical Center Auxiliary | 435 Lewis Ave, Meriden, CT 06451-2101 | CT | 1973-01 | $371,187 |
| 5 | Midwestern Connecticut Council Of Alcoholism Inc | 38 Old Ridgebury Rd, Danbury, CT 06810-5128 | CT | 1973-07 | $12,324,381 |
| 6 | Mij Trust | 326 Four Brooks Rd, Stamford, CT 06903-4605 | CT | 1986-05 | $7,590 |
| 7 | Mikey Czech Foundation Inc, Mikey Czech Foundation | PO BOX 1717, New Canaan, CT 06840-1717 | CT | 2008-07 | $403,800 |
| 8 | Mikeys Way Foundation | 2228 Black Rock Tpke Ste 307, Fairfield, CT 06825-3237 | CT | 2006-03 | $492,401 |
| 9 | Mikvah Of Waterbury Inc | 135 Cables Avenue, Waterbury, CT 06710 | CT | 2007-02 | $45,925 |
| 10 | Milan Cultural Association Inc | 75 Ruff Circle, Glastonbury, CT 06033 | CT | 2000-08 | $0 |
| 11 | Mildred L Cannon Trust, Kevin Mccann Ttee | 45 Hartford Turnpike, Vernon, CT 06066-5274 | CT | $112,003 | |
| 12 | Mile Creek Club Incorporated, Sandra Smith | 7 Sylvan Ter, Deep River, CT 06417-1622 | CT | 1952-03 | $179,738 |
| 13 | Milford Automatics Foundation Inc | 28 Progress Ave, Seymour, CT 06483-3921 | CT | 1967-05 | $48,975 |
| 14 | Milford Bank Foundation Inc | 33 Broad St, Milford, CT 06460-3319 | CT | 2003-04 | $26,384 |
| 15 | Milford Cemetery Association | PO BOX 227, Milford, CT 06460-0227 | CT | 1960-02 | $780,776 |
| 16 | Milford Chamber Of Commerce Inc | 5 Broad St, Milford, CT 06460-3351 | CT | 1956-01 | $331,128 |
| 17 | Milford Chamber Of Commerce Trust Fund | 5 Broad St, Milford, CT 06460-3351 | CT | 1982-08 | $77,836 |
| 18 | Milford Columbus 500 Inc | 310 Tanglewood Cir, Milford, CT 06461-1665 | CT | 1996-03 | $25,780 |
| 19 | Milford Consortium For Child Care Initiatives Inc | 65 Peck Hill Road, Woodbridge, CT 06525 | CT | 1996-02 | $58,761 |
| 20 | Milford Cooperative Preschool Learning Center Inc | 1000 New Haven Ave, Milford, CT 06460-6939 | CT | 1993-02 | $86,942 |
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