William And Alice Mortensen Foundation in Hartford, 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
| William And Alice Mortensen Foundation | |
| Employer Identification Number (EIN) | 061064150 |
| Name of Organization | William And Alice Mortensen Foundation |
| In Care of Name | Robert S Carter |
| Address | PO BOX 230212, Hartford, CT 06123-0212 |
| Activities | Gifts, grants, or loans to other organizations, Non financial services of facilities to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 11/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $12,317,612 |
| Amount of Income | $4,874,140 |
| Form 990 Revenue Amount | $491,263 |
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 | $1,075,670 | $1,075,670 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $383,945 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $691,725 | |||
| Total expenses and disbursements | $831,438 | $35,910 | $0 | $788,864 |
| Compensation of officers, directors, trustees, etc. | $3,405 | |||
| Total operating and administrative expenses | $85,669 | $35,910 | $43,095 | |
| Contributions, gifts, grants paid | $745,769 | |||
| Excess of revenue over expenses and disbursements | $244,232 | |||
| Net investment income | $1,039,760 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $12,377,242 | $14,804,023 |
| Cash - non-interest-bearing | $141 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $3,844,143 | |
| Investments-corporate bonds | $6,941,068 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,326,890 | |
| Other | $265,000 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $12,377,242 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $691,725 |
| 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 | $20,795 |
| Total credits and payments | $4,600 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $4,600 |
| 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 | $0 |
| Tax due | $16,195 |
| 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? | Yes |
| 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 | $14,817,535 |
| Net value of noncharitable-use assets | $14,595,280 |
| Minimum investment return | $729,764 |
| Distributable Amount (for 2012) | |
| Distributable amount | $708,969 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $708,969 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
Laura Norton Fund, Gelfenbien Roger A Ttee in Hartford, CT
 |
| Centro Renacer Of Connecticut Inc in Hartford, CT |
Beacon Light Alternative Services in Hartford, CT
 |
|
New Direction Ministries in Bridgeport, CT
|
|
Newcomers Club Of Danbury New Fairfield Conn Inc in Danbury, CT
|
| David And Sherry Cordani Family Foundation in West Hartford, CT |
|
Ccns Development Program Inc in Middletown, CT
|
Connecticut Renaissance Inc in Bridgeport, CT
 |
|
Christ Chapel Of The Christian And Missionary Alliance in Madison, CT
|
| Friends Helping Children Foundation Charitable Tr, Turina Tony Ttee in Torrington, CT |
| Other organizations in Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Westport Historical Society Inc | 25 Avery Pl, Westport, CT 06880-3215 | CT | 1975-01 | $375,827 |
| 2 | Wheat Inc | 674 Washington Ave, West Haven, CT 06516-3752 | CT | 1987-11 | $166,430 |
| 3 | Whiffenpoofs Of Yale University Inc | PO BOX 202059, New Haven, CT 06520-2059 | CT | 1982-07 | $424,601 |
| 4 | Wholesome Wave Foundationcharitable Ventures Inc | 855 Main St Ste 910, Bridgeport, CT 06604-4915 | CT | 2007-09 | $3,754,307 |
| 5 | Wickett Inc | PO BOX 2087, Norwalk, CT 06852-2087 | CT | 1976-08 | $618 |
| 6 | Wiggins Foundation Inc, Milligan Lynda L | 12 North Rd, Darien, CT 06820-6216 | CT | 1995-02 | $2,641,046 |
| 7 | Wild Kingdom Inc | PO BOX 308, Woodstock, CT 06281-0308 | CT | 1997-09 | $383 |
| 8 | Wildlife Orphanage | PO BOX 4706, Stamford, CT 06907-0706 | CT | 2001-03 | $69,688 |
| 9 | Wildner Foundation Inc | 40 Eureka Ter, Stamford, CT 06902-7721 | CT | 1955-03 | $41,678 |
| 10 | William & Karen Tell Foundation | 235 Whipstick Rd, Wilton, CT 06897-1315 | CT | 1987-04 | $2,388,789 |
| 11 | William And Alice Mortensen Foundation | PO BOX 230212, Hartford, CT 06123-0212 | CT | 1982-11 | $4,874,140 |
| 12 | William Raveis Charitable Fund Inc | 7 Trap Falls Rd, Shelton, CT 06484-4617 | CT | 2004-10 | $322,699 |
| 13 | Willowbrook Cemetery Association Inc | 395 Main St, Westport, CT 06880-2005 | CT | 2007-10 | $276,386 |
| 14 | Wilson Cove Yacht Club Inc | PO BOX 51, Rowayton, CT 06853-0051 | CT | 1964-01 | $55,730 |
| 15 | Wilton Baseball & Softball Association Inc | PO BOX 90, Wilton, CT 06897-0090 | CT | 2001-06 | $237,226 |
| 16 | Wilton Lacrosse Association Ltd | PO BOX 56, Wilton, CT 06897-0056 | CT | 2000-07 | $283,133 |
| 17 | Wilton Land Conservation Trust | PO BOX 77, Wilton, CT 06897-0077 | CT | 1964-11 | $108,652 |
| 18 | Wilton Little League Inc | PO BOX 7104, Wilton, CT 06897-7104 | CT | 1970-01 | $225,934 |
| 19 | Wilton Volunteer Ambulance Corps Inc | PO BOX 216, Wilton, CT 06897-0216 | CT | 1993-03 | $2,062,194 |
| 20 | Windham County 4 H Foundation Incorporated, Windham-Tolland 4-H Camp | 326 Taft Pond Rd, Pomfret Ctr, CT 06259-1320 | CT | 1969-01 | $547,114 |
Organization representatives - add corrected or new information about William And Alice Mortensen Foundation »
Non-representatives - add comments about William And Alice Mortensen Foundation»