Schwedel Foundation in Bloomfield, 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
| Schwedel Foundation | |
| Employer Identification Number (EIN) | 066068790 |
| Name of Organization | Schwedel Foundation |
| Address | 42 Cliffmount Dr, Bloomfield, CT 06002-2226 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 09/1956 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,337,323 |
| Amount of Income | $41,789 |
| Form 990 Revenue Amount | $14,825 |
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 | $37,605 | $37,605 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,706 | |||
| Dividends and interest from securities | $35,899 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $59,240 | $196 | $0 | $57,164 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,076 | $196 | $0 | |
| Contributions, gifts, grants paid | $57,164 | |||
| Excess of revenue over expenses and disbursements | $-21,635 | |||
| Net investment income | $37,409 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,219,585 | $1,219,585 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $948,873 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $270,712 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,219,585 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $748 |
| Total credits and payments | $720 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $720 |
| 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 | $28 |
| 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 | $1,238,792 |
| Net value of noncharitable-use assets | $1,220,220 |
| Minimum investment return | $61,011 |
| Distributable Amount (for 2012) | |
| Distributable amount | $60,263 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $60,263 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $59,838 |
| 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 | School For Ethical Education Inc | 326 West Main Street Suite 204, Milford, CT 06460-2560 | CT | 1997-02 | $636,745 |
| 2 | School On The Green | PO BOX 1496, Litchfield, CT 06759-1496 | CT | 1973-09 | $98,906 |
| 3 | School Smarts A Ca Nonprofit Org | 74 Pin Oak Ln, Wilton, CT 06897-1329 | CT | 2008-05 | $24,023 |
| 4 | School Volunteer Association Bridgeport Incorporated | 900 Boston Ave, Bridgeport, CT 06610-2110 | CT | 1971-02 | $100,004 |
| 5 | Schoolage Childcare Programs Of Northeast Connecticut Inc, Saccne | At Annie E Vinton Elemen 306, Mansfield, CT 06250 | CT | 2003-03 | $131,059 |
| 6 | Schoolhouse Apartments Inc | Ehm 127 Washington Ave 5th Fl East, North Haven, CT 06473 | CT | 1990-05 | $762,776 |
| 7 | Schooner Inc | 60 S Water St, New Haven, CT 06519-2822 | CT | 1975-10 | $438,069 |
| 8 | Schreiber Family Foundation | 645 Springer Rd, Fairfield, CT 06824-7244 | CT | 1999-07 | $458,802 |
| 9 | Southern Connecticut Health System Properties Inc | 267 Grant St, Bridgeport, CT 06610-2805 | CT | 1991-04 | $155,055 |
| 10 | Schubert Club Of Fairfield County Inc | PO BOX 2338, Stamford, CT 06906-0338 | CT | 1924-03 | $49,477 |
| 11 | Schwedel Foundation | 42 Cliffmount Dr, Bloomfield, CT 06002-2226 | CT | 1956-09 | $41,789 |
| 12 | Schwefel Family Foundation Inc | 4 Quail Holw, West Hartfrd, CT 06117-1033 | CT | 1987-06 | $297 |
| 13 | Science Horizons Inc | Po Box 2328, Danbury, CT 06813 | CT | 1985-08 | $0 |
| 14 | Scotland Volunteer Fire Department Incorporated | PO BOX 48, Scotland, CT 06264-0048 | CT | 2007-08 | $114,525 |
| 15 | Scott M Smith And Heidi B Smith Charitable Trust | C/O Camelot Capital Lp, Greenwich, CT 06830 | CT | 2001-03 | $49,827 |
| 16 | Scottish Rite Building Corporation | PO BOX 807, Stratford, CT 06615-0807 | CT | $68,897 | |
| 17 | Scotts Horizon Property Inc | 1 Mill Pond Ln, Simsbury, CT 06070-2486 | CT | 1999-09 | $37,888,511 |
| 18 | Scotty Fund Inc | PO BOX 1080, Bethel, CT 06801-6080 | CT | 1997-09 | $213,667 |
| 19 | Scripps League Newspapers Education And Research Fund | PO BOX 208214, New Haven, CT 06520-8214 | CT | 1978-08 | $1,245,501 |
| 20 | Scriptural Research And Publishing Company Inc | 344 E Johnson Ave, Cheshire, CT 06410-6200 | CT | 1995-08 | $100,994 |
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