Clare Rose Foundation Inc, Vincent Valerie M Ttee in Fairfield, 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
| Clare Rose Foundation Inc, Vincent Valerie M Ttee | |
| Employer Identification Number (EIN) | 061480029 |
| Name of Organization | Clare Rose Foundation Inc |
| Secondary Name | Vincent Valerie M Ttee |
| In Care of Name | C/O Foundation Source |
| Address | 55 Walls Dr, Fairfield, CT 06824-5163 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/2014 |
| 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 | $10,660,995 |
| Amount of Income | $2,929,554 |
| Form 990 Revenue Amount | $452,605 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $2,929,554 (it was $6,726,049 in 2012)
| This organization: | $2,929,554 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $10,660,995 (it was $10,287,445 in 2012)
| Clare Rose Foundation Inc, Vincent Valerie M Ttee: | $10,660,995 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $586,732
| This organization: | $586,732 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 5.0
| Clare Rose Foundation Inc, Vincent Valerie M Ttee: | 5.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
| Clare Rose Foundation Inc, Vincent Valerie M Ttee: | 0.0% |
| Other organizations performing similar types of work: | 22.8% |
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 | $589,697 | $560,158 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $586 | |||
| Dividends and interest from securities | $568,530 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $4,179 | |||
| Other | $16,402 | |||
| Total expenses and disbursements | $586,732 | $58,165 | $0 | $527,667 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $103,732 | $58,165 | $44,667 | |
| Contributions, gifts, grants paid | $483,000 | |||
| Excess of revenue over expenses and disbursements | $2,965 | |||
| Net investment income | $501,993 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $10,287,445 | $10,570,983 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $1,223,090 | |
| Investments-corporate stock | $8,170,292 | |
| Investments-corporate bonds | $833,074 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $60,989 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $10,287,445 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $16,402 |
| 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 | $5,020 |
| Total credits and payments | $4,400 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $4,400 |
| 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 | $620 |
| 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 | $10,738,378 |
| Net value of noncharitable-use assets | $10,577,300 |
| Minimum investment return | $528,865 |
| Distributable Amount (for 2012) | |
| Distributable amount | $523,845 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $523,845 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $513,684 |
| 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 | Say Yes To Education Foundation | One State St, Hartford, CT 06103-3100 | CT | 2007-07 | $173,555,936 |
| 2 | The Tow Foundation Inc, Emily Tow Jackson | 50 Locust Ave, New Canaan, CT 06840-4737 | CT | 2000-03 | $148,017,699 |
| 3 | Zoom Foundation, Mandel Stephen F Jr Ttee | 1210 Post Rd, Fairfield, CT 06824-6008 | CT | 2001-02 | $95,028,176 |
| 4 | S & L Marx Foundation Inc | 7 Dogwood Ln, Greenwich, CT 06830-3917 | CT | 2004-04 | $13,072,884 |
| 5 | Martino Family Foundation | 329 Mariomi Rd, New Canaan, CT 06840-3318 | CT | 2013-01 | $9,988,142 |
| 6 | Patricia S Heyman Foundation Inc | 500 W Putnam Ave, Greenwich, CT 06830-6086 | CT | 2012-08 | $9,580,995 |
| 7 | Twenty-Seven Foundation, D Travis Engen Ttee | Ct2-545-02-05, Glastonbury, CT 06033 | CT | 2008-09 | $7,972,203 |
| 8 | Worldquant Foundation | 1700 East Putnam, Old Greenwich, CT 06870-1366 | CT | 2009-02 | $6,722,590 |
| 9 | Summer Hill Foundation | 888 Summer Hill Rd, Madison, CT 06443-1604 | CT | 2007-12 | $6,491,218 |
| 10 | David Fund Ta 12092013, Steven M Fast Et Al Ttee | C/O Utc 9 Farm Springs Rd 1st Floor, Farmington, CT 06032 | CT | 2014-10 | $5,722,693 |
| 11 | Sigrid Rvc Kendall Foundation | 120 Field Point Cir, Greenwich, CT 06830-7071 | CT | 2014-09 | $5,061,852 |
| 12 | The Pasculano Foundation | 12 Loch Ln, Greenwich, CT 06830-3024 | CT | 2008-04 | $5,001,736 |
| 13 | John T And Jane A Wiederhold Foundation | PO BOX 1144, Torrington, CT 06790-1144 | CT | 2008-03 | $4,692,035 |
| 14 | Tinty Foundation Inc | 422 Highland Ave Ste 5, Cheshire, CT 06410-2526 | CT | 2011-01 | $3,735,798 |
| 15 | William And Lynda Steere Foundation, Davis Elwood B Co-Ttee | PO BOX 2630, Westport, CT 06880-0630 | CT | 1999-07 | $3,693,826 |
| 16 | Emil And Toby Meshberg Family Foundation Inc | 665 Sasco Hill Rd, Fairfield, CT 06824-6376 | CT | 2013-08 | $3,557,432 |
| 17 | David H Lodbell Charitable Trust | 850 Main St, Bridgeport, CT 06604-4917 | CT | 2011-07 | $3,283,084 |
| 18 | Kurtz Family Foundation | 107 Lords Hwy, Weston, CT 06883-1739 | CT | 2013-01 | $2,988,416 |
| 19 | James R And Frances H Berger Foundation Inc | 21 Marlow Ct, Riverside, CT 06878-2614 | CT | 2012-02 | $2,798,635 |
| 20 | Brightwater Fund | C/O Vogel Co, Darien, CT 06820 | CT | 2010-03 | $2,644,808 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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