White & Demond Trust, People United Bank in Bridgeport, 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
| White & Demond Trust, People United Bank | |
| Employer Identification Number (EIN) | 036039645 |
| Name of Organization | White & Demond Trust |
| Secondary Name | People United Bank |
| In Care of Name | Wealth Management |
| Address | 850 Main St Rc 13-505, Bridgeport, CT 06604-4917 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Organization | Association |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,084,600 |
| Amount of Income | $569,081 |
| Form 990 Revenue Amount | $59,100 |
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 | $112,430 | $112,430 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $37,155 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $75,275 | |||
| Total expenses and disbursements | $78,092 | $12,857 | $0 | $63,027 |
| Compensation of officers, directors, trustees, etc. | $14,183 | |||
| Total operating and administrative expenses | $16,483 | $12,857 | $1,418 | |
| Contributions, gifts, grants paid | $61,609 | |||
| Excess of revenue over expenses and disbursements | $34,338 | |||
| Net investment income | $99,573 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,068,452 | $1,211,338 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $195,062 | |
| Investments-corporate stock | $489,346 | |
| Investments-corporate bonds | $24,690 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $351,489 | |
| Other | $7,865 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,068,452 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $75,275 |
| 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 | $1,991 |
| Total credits and payments | $952 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $952 |
| 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 | $1,039 |
| 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 | $1,228,271 |
| Net value of noncharitable-use assets | $1,209,840 |
| Minimum investment return | $60,492 |
| Distributable Amount (for 2012) | |
| Distributable amount | $58,501 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $58,501 |
| 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 | Wethersfield Cooperative Nursery School Inc, Linda J Buccheri | PO BOX 290042, Wethersfield, CT 06129-0042 | CT | 1991-03 | $67 |
| 2 | Wethersfield Country Club Inc | 76 Country Club Rd, Wethersfield, CT 06109-3658 | CT | 1942-10 | $3,218,359 |
| 3 | Wethersfield Game Club Inc | 186 Middletown Ave, Wethersfield, CT 06109-3805 | CT | 1964-02 | $63,289 |
| 4 | Wethersfield High School Band Boosters | 411 Wolcott Hill Rd, Wethersfield, CT 06109-2981 | CT | 1998-10 | $69,536 |
| 5 | Wethersfield Historical Society Of Wethersfield Conn Incorporated | 150 Main St, Wethersfield, CT 06109-3126 | CT | 1964-05 | $480,561 |
| 6 | Wethersfield Volunteer Ambulance Assn Inc | 206 Prospect St, Wethersfield, CT 06109-3638 | CT | 1958-05 | $352,896 |
| 7 | Whalley Housing Services Inc | 6 Lunar Drive, Woodbridge, CT 06525 | CT | 1997-02 | $39,649 |
| 8 | Wheeler School & Library Of North Stonington | PO BOX 217, N Stonington, CT 06359-0217 | CT | 1919-12 | $409,705 |
| 9 | Where The Player Comes First Inc, West Hartford Amatuer Softball Leag | 1148 Trout Brook Dr, West Hartford, CT 06119-1246 | CT | 2010-02 | $11,680 |
| 10 | Whfh Iii Inc | PO BOX 271382, West Hartford, CT 06127-1382 | CT | 1994-09 | $606,926 |
| 11 | White & Demond Trust, People United Bank | 850 Main St Rc 13-505, Bridgeport, CT 06604-4917 | CT | $569,081 | |
| 12 | White Buffalo Inc | 26 Davison Rd, Moodus, CT 06469-1035 | CT | 1996-03 | $911,488 |
| 13 | White Memorial Conservation Center Inc | PO BOX 368, Litchfield, CT 06759-0368 | CT | 1964-07 | $4,798,096 |
| 14 | Whiting Lane Extended Day Care Inc | 759 Farmington Ave, West Hartford, CT 06119-1646 | CT | 1978-03 | $263,105 |
| 15 | Whitney Players | 26 W Helen St, Hamden, CT 06514-3812 | CT | 2004-03 | $152,495 |
| 16 | Thiemann-Wicker Trust | PO BOX 5169, Westport, CT 06881-5169 | CT | 1974-12 | $18,297 |
| 17 | Widows Society | 200 Glastonbury Blvd 2, Glastonbury, CT 06033-4418 | CT | 1935-04 | $995,642 |
| 18 | Wiks-Usa Inc | PO BOX 200413, New Haven, CT 06520-0413 | CT | 2009-08 | $83,556 |
| 19 | Friends Of Australian Wildlife Conservancy Inc | 1 New Haven Ave Ste 102, Milford, CT 06460-3398 | CT | 2007-07 | $257,403 |
| 20 | Wildlife In Crisis Inc | PO BOX 1246, Weston, CT 06883-0246 | CT | 1990-03 | $378,573 |
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