Sorenson Family Foundation Inc in Collinsville, 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
| Sorenson Family Foundation Inc | |
| Employer Identification Number (EIN) | 066099725 |
| Name of Organization | Sorenson Family Foundation Inc |
| In Care of Name | Edward F Rosenthal |
| Address | 51 West Rd, Collinsville, CT 06019-3739 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1967 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,175,828 |
| Amount of Income | $1,683,029 |
| Form 990 Revenue Amount | $193,583 |
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 | $350,570 | $189,641 | $185,952 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $91,179 | |||
| Dividends and interest from securities | $94,773 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $164,618 | |||
| Total expenses and disbursements | $221,572 | $9,032 | $0 | $207,300 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $14,272 | $9,032 | $0 | |
| Contributions, gifts, grants paid | $207,300 | |||
| Excess of revenue over expenses and disbursements | $128,998 | |||
| Net investment income | $180,609 | |||
| Adjusted net income | $185,952 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,020,896 | $4,192,862 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,525,821 | |
| Investments-corporate bonds | $1,417,831 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $77,244 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,020,896 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $164,618 |
| 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 | $1,806 |
| Total credits and payments | $3,600 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,600 |
| 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 | $8 |
| Tax due | $0 |
| Overpayment | $1,786 |
| Amount to be credited to 2013 estimated tax | $1,786 |
| 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 | $4,272,007 |
| Net value of noncharitable-use assets | $4,207,920 |
| Minimum investment return | $210,396 |
| Distributable Amount (for 2012) | |
| Distributable amount | $208,590 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $208,590 |
| 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 | Somers Lacrosse Association | PO BOX 722, Somers, CT 06071-0722 | CT | 1995-06 | $150,903 |
| 2 | Somers Parents Soccer Association Inc | 619 Hazard Ave, Enfield, CT 06082-4233 | CT | 1984-08 | $42,343 |
| 3 | Somers Sportsmens Association | C/O Frank Gullen 66 Ellington Ave, Ellington, CT 06029 | CT | 1980-03 | $64,106 |
| 4 | Somers Volunteer Fire Department Association Inc | 400 Main St, Somers, CT 06071-1918 | CT | 2002-01 | $53,102 |
| 5 | Sonja Foundation Tr, Ferguson John J Ttee | 25 Field Pt Rd, Greenwich, CT 06830-5335 | CT | 2004-03 | $4,441 |
| 6 | Sono Dance Company Inc | 509 Westport Ave, Norwalk, CT 06851-4411 | CT | 1976-06 | $154,732 |
| 7 | Sons Of Italy In America, 151 Valley Regional | 73 High St, Derby, CT 06418-2038 | CT | 1971-12 | $106,549 |
| 8 | Sons Of Italy In America, 20 Concordia | 34 Center St, Torrington, CT 06790-5502 | CT | 1971-12 | $61,017 |
| 9 | Sons Of Italy In America, 2538 Ella T Grasso | PO BOX 290201, Wethersfield, CT 06129-0201 | CT | 1971-12 | $67,678 |
| 10 | Sons Of Italy In America, 744 Pietro Micca | 12 Kingsbury Rd, Norwalk, CT 06851-5620 | CT | 1941-06 | $136,579 |
| 11 | Sorenson Family Foundation Inc | 51 West Rd, Collinsville, CT 06019-3739 | CT | 1967-12 | $1,683,029 |
| 12 | Sound Beach Volunteer Fire Department Inc | 207 Sound Beach Ave, Old Greenwich, CT 06870-1607 | CT | 2000-05 | $134,426 |
| 13 | Sound Beach Volunteer Services Foundation Inc | 31 Old Kings Hwy, Old Greenwich, CT 06870-1339 | CT | 1982-06 | $284,605 |
| 14 | Sound Shore Foundation | 8 Sound Shore Drive, Greenwich, CT 06830-7242 | CT | 1987-04 | $11,045 |
| 15 | Sound View Community Media Inc | 211 State Street 4th Floor, Bridgeport, CT 06604-4808 | CT | 1999-05 | $692,189 |
| 16 | Sound Waters Inc, Washington Blvd | Cove Island Park, Stamford, CT 06902 | CT | 1989-11 | $1,545,513 |
| 17 | Soundkeeper Inc | PO BOX 4058, Norwalk, CT 06852-4058 | CT | 1993-11 | $274,884 |
| 18 | South Arsenal Neighborhood Development Corporation | 1500 Main St, Hartford, CT 06120-2713 | CT | 1968-05 | $1,109,146 |
| 19 | South Asia Pure Water Initiative Inc | 11 Wadsworth Ln, Wallingford, CT 06492-2876 | CT | 2006-05 | $61,514 |
| 20 | South Britain Cemetary Association | 715 East Flat Hill Road, Southbury, CT 06488 | CT | 1947-07 | $7,838 |
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