Victor And Elise Micati Foundation, Micati Victor P Ttee in Darien, 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
Victor And Elise Micati Foundation, Micati Victor P Ttee | |
Employer Identification Number (EIN) | 061634690 |
Name of Organization | Victor And Elise Micati Foundation |
Secondary Name | Micati Victor P Ttee |
In Care of Name | Hhg |
Address | 23 Old King Hwy S, Darien, CT 06820-4541 |
Subsection | Charitable Organization |
Ruling Date | 01/2002 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Trust |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $100,000 to $499,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $318,605 |
Amount of Income | $38,306 |
Form 990 Revenue Amount | $8,897 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $38,306 (it was $11,356 in 2012)
This organization: | $38,306 |
Other organizations performing similar types of work: | $107,502 |
Assets in 2013: $318,605 (it was $305,569 in 2012)
Victor And Elise Micati Foundation, Micati Victor P Ttee: | $318,605 |
Other organizations performing similar types of work: | $322,766 |
Expenses in 2012: $16,852
This organization: | $16,852 |
Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2012: 2.3
This organization: | 2.3 |
Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 0.0%
Victor And Elise Micati Foundation, Micati Victor P Ttee: | 0.0% |
Other organizations performing similar types of work: | 98.7% |
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 | $11,356 | $11,356 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $7,427 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $3,929 | |||
Total expenses and disbursements | $16,852 | $2,175 | $0 | $14,575 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $2,852 | $2,175 | $575 | |
Contributions, gifts, grants paid | $14,000 | |||
Excess of revenue over expenses and disbursements | $-5,496 | |||
Net investment income | $9,181 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $305,569 | $323,698 |
Cash - non-interest-bearing | $0 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $251,763 | |
Investments-corporate bonds | $52,587 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $1,219 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $305,569 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $3,929 |
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 | $184 |
Total credits and payments | $777 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $777 |
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 | $593 |
Amount to be credited to 2013 estimated tax | $593 |
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 | $315,356 |
Net value of noncharitable-use assets | $310,620 |
Minimum investment return | $15,531 |
Distributable Amount (for 2012) | |
Distributable amount | $15,347 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $15,347 |
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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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Education And Hope | PO BOX 486, Norwalk, CT 06856-0486 | CT | 1999-11 | $728,595 |
2 | Henry M And Eleanora Pianka Leonard Charitable Foundation Tr, Robert G Wade Ttee | 682 Main St, Winsted, CT 06098-1515 | CT | 2012-07 | $527,482 |
3 | Stone Point Capital Foundation Inc | 20 Horseneck Lane, Greenwich, CT 06830-6300 | CT | 2001-07 | $497,199 |
4 | Schreiber Family Foundation | 645 Springer Rd, Fairfield, CT 06824-7244 | CT | 1999-07 | $458,802 |
5 | Farmington Bank Community Foundation Inc | 1 Farm Glen Blvd, Farmington, CT 06032-1919 | CT | 2011-12 | $452,226 |
6 | Rust Family Foundation | 3244 Bronson Rd, Fairfield, CT 06824-2003 | CT | 1999-07 | $404,421 |
7 | The@pitney Bowes Employee Involvement Fund Inc | 3001 Summer Street 6th Floor, Stamford, CT 06905-4317 | CT | 2004-09 | $341,701 |
8 | Woodland Anesthesiology Associates Foundation Inc | 114 Woodland Street, Hartford, CT 06105-1208 | CT | 2011-09 | $149,500 |
9 | Wise Street Foundation | 30 Laurelwood Dr, Wallingford, CT 06492-2516 | CT | 2012-03 | $102,701 |
10 | Waterford Group Charitable Foundation Inc | 914 Hartford Tpke, Waterford, CT 06385-4229 | CT | 2004-08 | $85,940 |
11 | Victor And Elise Micati Foundation, Micati Victor P Ttee | 23 Old King Hwy S, Darien, CT 06820-4541 | CT | 2002-01 | $38,306 |
12 | Edible Cares Inc | 95 Barnes Rd, Wallingford, CT 06492-1800 | CT | 2013-09 | $29,600 |
13 | Vazomica Foundation Inc | 66 Rockwood Ln, Greenwich, CT 06830-3845 | CT | 1999-01 | $23,813 |
14 | Sun Products Charitable Fund Inc | 60 Danbury Rd, Wilton, CT 06897-4406 | CT | 2010-04 | $12,847 |
15 | Von Arentschildt Family Foundation Inc | 1200 High Ridge Rd, Stamford, CT 06905-1223 | CT | 2002-08 | $5,433 |
16 | Silvermine Foundation Inc | PO BOX 1177, New Canaan, CT 06840-1177 | CT | 2001-04 | $2,165 |
17 | Tyler Cooper & Alcorn Foundation Inc | 20 Peck St, North Haven, CT 06473-2350 | CT | 2005-06 | $1,533 |
18 | Paul Rand Charitable Tr U Decl, Rand Marion S & Richard Klein Ttee | 87 Good Hill Rd, Weston, CT 06883-2802 | CT | 2014-11 | $1 |
19 | Rynne Foundation | 642 Lake Ave, Greenwich, CT 06830-3854 | CT | 2001-12 | $1 |
20 | Shanti Childrens Foundation Inc | 29 N Lake Dr, Stamford, CT 06903-1011 | CT | 2014-07 | $1 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,013 |
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