Weatherstone Family Foundation Inc 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
Weatherstone Family Foundation Inc | |
Employer Identification Number (EIN) | 061469074 |
Name of Organization | Weatherstone Family Foundation Inc |
In Care of Name | Melissa Moskal Cpa |
Address | 28 Beach Dr, Darien, CT 06820-5608 |
Activities | Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 07/1997 |
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 | $25,000 to $99,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $1,520,111 |
Amount of Income | $49,022 |
Form 990 Revenue Amount | $27,383 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: |
Non-representatives - add comments:
Amount of income in 2013: $49,022 (it was $39,140 in 2012)
This organization: | $49,022 |
Other organizations performing similar types of work: | $168,140 |
Assets in 2013: $1,520,111 (it was $1,565,694 in 2012)
Weatherstone Family Foundation Inc: | $1,520,111 |
Other organizations performing similar types of work: | $443,614 |
Expenses in 2012: $77,212
Weatherstone Family Foundation Inc: | $77,212 |
Other organizations performing similar types of work: | $57,696 |
Income to expenses ratio in 2012: 0.6
Weatherstone Family Foundation Inc: | 0.6 |
Other organizations performing similar types of work: | 3.0 |
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 | $39,140 | $39,140 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $28 | |||
Dividends and interest from securities | $39,112 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Total expenses and disbursements | $77,212 | $550 | $0 | $76,612 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $600 | $550 | $0 | |
Contributions, gifts, grants paid | $76,612 | |||
Excess of revenue over expenses and disbursements | $-38,072 | |||
Net investment income | $38,590 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $1,565,694 | $1,696,100 |
Cash - non-interest-bearing | $196,522 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $1,364,980 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $4,192 | |
Total liabilities | $15,000 | |
Mortgages and other notes payable | $0 | |
Other | $15,000 | |
Total liabilities and net assets/fund balances | $1,550,694 |
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 | $772 |
Total credits and payments | $1,208 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,208 |
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 | $436 |
Amount to be credited to 2013 estimated tax | $436 |
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 | $1,554,935 |
Net value of noncharitable-use assets | $1,531,620 |
Minimum investment return | $76,581 |
Distributable Amount (for 2012) | |
Distributable amount | $75,809 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $75,809 |
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 | Shipping Venture Corporation | 600 Atlantic Avenue, Boston, MA 02210-2203 | MA | 1996-05 | $2,183,439 |
2 | Virginia Cretella Mars Foundation | 140 Broadway, New York, NY 10005-1108 | NY | 1995-05 | $2,060,101 |
3 | Still Point Fund | 150 Broadway, New York, NY 10038-4381 | NY | 1997-07 | $1,189,725 |
4 | Frank C & Vera L Corry Memorial Fund, Chittenden Trust Co Co Ttee | 850 Main St 13th Fl, Bridgeport, CT 06604-4917 | CT | 1995-03 | $1,078,867 |
5 | Stanley And Nancy Grossman Family Foundation | 600 Third Avenue, New York, NY 10016-1901 | NY | 1995-10 | $445,107 |
6 | Ruth And Sheldon Goldstein Foundation, Goldstein Ruth Et Al Ttee | 1035 19th St Apt 2, Santa Monica, CA 90403-4498 | CA | 1995-05 | $396,725 |
7 | Pinkes Family Foundation | 29 Fawn Brk, West Hartford, CT 06117-1032 | CT | 1995-02 | $351,746 |
8 | The Philip J Hahn Foundation Inc | C/O J Rosenzweig 560 Fifth Avenue, New York, NY 10036 | NY | 1997-07 | $311,083 |
9 | Trowbridge Foundation, Lowell William A Ttee | PO BOX 961019, Boston, MA 02196-1019 | MA | 1997-07 | $279,339 |
10 | Owenoke Foundation | 22 Squirrel Hill Rd, West Hartford, CT 06107-1003 | CT | 1997-06 | $247,794 |
11 | Weitz Family Charitable Foundation Inc | 700 Broadway 3rd Floor, New York, NY 10003-9536 | NY | 1997-06 | $227,908 |
12 | The@bob Hughes Fund | PO BOX 40200 FL9-100-10-19, Jacksonville, FL 32203-0200 | FL | 1998-11 | $168,140 |
13 | Summit Foundation Inc | 150 Stahl Rd, Getzville, NY 14068-1231 | NY | 1994-03 | $138,092 |
14 | The Irwin Foundation | 50 Crocker Blvd Ste 100, Mount Clemens, MI 48043-2580 | MI | 1996-08 | $107,320 |
15 | Tarasoff Foundation | 37 W 57th St Fl 5, New York, NY 10019-3411 | NY | 1997-07 | $93,499 |
16 | Tilia Foundation | 1170 5th Ave, New York, NY 10029-6527 | NY | 1997-04 | $88,631 |
17 | Timothy M Pennington Iv Memorial Foundation | 11150 Santa Monica Blvd Ste 1200, Los Angeles, CA 90025-3386 | CA | 1995-03 | $73,900 |
18 | Weatherstone Family Foundation Inc | 28 Beach Dr, Darien, CT 06820-5608 | CT | 1997-07 | $49,022 |
19 | Triton Foundation | PO BOX 1297, Yarmouth, ME 04096-2297 | ME | 1997-07 | $33,067 |
20 | Robert And Lou Ann Giunta Foundation Inc | 1 Beachside Ave, Westport, CT 06880-6205 | CT | 1997-07 | $19,984 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||
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Total | 124 |
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