Ole Skaarup Foundation, Gerda And Ole Skaarup Foundation in Greenwich, 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
| Ole Skaarup Foundation, Gerda And Ole Skaarup Foundation | |
| Employer Identification Number (EIN) | 061057545 |
| Name of Organization | Ole Skaarup Foundation |
| Secondary Name | Gerda And Ole Skaarup Foundation |
| Address | 66 Field Point Rd, Greenwich, CT 06830-6473 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $581,051 |
| Amount of Income | $38,571 |
| Form 990 Revenue Amount | $258,241 |
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 | $14,286 | $14,286 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $8,012 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $6,274 | |||
| Total expenses and disbursements | $28,693 | $2,193 | $0 | $26,500 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,193 | $2,193 | $0 | |
| Contributions, gifts, grants paid | $26,500 | |||
| Excess of revenue over expenses and disbursements | $-14,407 | |||
| Net investment income | $12,093 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $604,555 | $709,957 |
| Cash - non-interest-bearing | $15,714 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $588,841 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $604,555 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $6,274 |
| 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 | $242 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $242 |
| 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 | $682,376 |
| Net value of noncharitable-use assets | $672,140 |
| Minimum investment return | $33,607 |
| Distributable Amount (for 2012) | |
| Distributable amount | $33,365 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $33,365 |
| 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 | Old Saybrook Riverside Cemetery Association Incorporated | PO BOX 536, Old Saybrook, CT 06475-0536 | CT | 2000-11 | $180,182 |
| 2 | Old Saybrook Rotary Foundation Inc | 10 Ridgewood Dr, Old Saybrook, CT 06475-1222 | CT | 2014-05 | $218,532 |
| 3 | Old Saybrook Senior Housing Incorporated | 55 Sheffield Street, Old Saybrook, CT 06475-2334 | CT | 1979-12 | $767,960 |
| 4 | Old Stones Foundation Inc | 3001 Summer St Ste 5, Stamford, CT 06905-4321 | CT | 1999-01 | $315,873 |
| 5 | Old Timers Athletic Association Of Greater Danbury Inc | PO BOX 1113, Danbury, CT 06813-1113 | CT | 1990-12 | $72,813 |
| 6 | Old Timers Athletic Association Of Greenwich Connecticut Inc | 2001 W Main St Ste 128, Stamford, CT 06902-4543 | CT | 1969-09 | $169,526 |
| 7 | Old Timers Rod And Gun Club Incorporated | 1 Hidden Brook Dr, Brookfield, CT 06804 | CT | 1979-03 | $0 |
| 8 | Old Well Masonic Company | PO BOX 382, Norwalk, CT 06851 | CT | 1972-05 | $50,644 |
| 9 | Olde Crabs Hockey Club Inc | 92 Transylvania Rd, Roxbury, CT 06783-2107 | CT | 2007-11 | $79,770 |
| 10 | Older Womens League, Northwest Ct Chapter | PO BOX 705, Lakeville, CT 06039-0705 | CT | 1982-05 | $83,105 |
| 11 | Ole Skaarup Foundation, Gerda And Ole Skaarup Foundation | 66 Field Point Rd, Greenwich, CT 06830-6473 | CT | 1982-05 | $38,571 |
| 12 | Olive Ryan Scholarship Memorial | C/O Polk School/ 435 Buckingham St, Oakville, CT 06779 | CT | 1978-03 | $1,606 |
| 13 | Oliver Wolcott Library Inc | 160 South St, Litchfield, CT 06759-4006 | CT | 1942-08 | $1,458,092 |
| 14 | Olivieri Johnston Family Foundation | PO BOX 271820, W Hartford, CT 06127-1820 | CT | 2008-02 | $367,000 |
| 15 | Olson Foundation | PO BOX 2505, Greenwich, CT 06836-2505 | CT | 2005-12 | $661,275 |
| 16 | Olympic Athletes Rowing At Saugatuck Inc | PO BOX 2131, Westport, CT 06880 | CT | 2003-05 | $0 |
| 17 | Omeara Foundation Inc | 1900 Berlin Tpke, Wethersfield, CT 06109-2414 | CT | 1949-09 | $437,633 |
| 18 | Omprakash Foundation | 112 Rosebrook Rd, New Canaan, CT 06840-3723 | CT | 2007-05 | $618,754 |
| 19 | Ondaatje Foundation For The Arts | 11 Deer Ln, Greenwich, CT 06830-3802 | CT | 2006-06 | $27 |
| 20 | One Body One Work, Arc Ministries | 152 Candlewood Lake Road, Brookfield, CT 06804 | CT | 1997-12 | $0 |
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