Newcity Foundation, Ferguson Richard A Ttee in Wilmington, Delaware (DE)
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
Newcity Foundation, Ferguson Richard A Ttee | |
Employer Identification Number (EIN) | 061475198 |
Name of Organization | Newcity Foundation |
Secondary Name | Ferguson Richard A Ttee |
In Care of Name | C/O Foundation Source |
Address | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 |
Activities | Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 06/1998 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Association |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $1,000,000 to $4,999,999 |
Income | $1,000,000 to $4,999,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $2,157,843 |
Amount of Income | $1,329,554 |
Form 990 Revenue Amount | $158,195 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $1,329,554 (it was $940,669 in 2012)
This organization: | $1,329,554 |
Other organizations performing similar types of work: | $120,160 |
Assets in 2013: $2,157,843 (it was $2,158,642 in 2012)
This organization: | $2,157,843 |
Other organizations performing similar types of work: | $450,518 |
Expenses in 2012: $280,877
This organization: | $280,877 |
Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2012: 4.7
This organization: | 4.7 |
Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2012: 0.0%
This organization: | 0.0% |
Other organizations performing similar types of work: | 8.9% |
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 | $85,270 | $85,270 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $775 | |||
Dividends and interest from securities | $80,356 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $4,139 | |||
Total expenses and disbursements | $280,877 | $15,846 | $0 | $264,331 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $31,327 | $15,846 | $14,781 | |
Contributions, gifts, grants paid | $249,550 | |||
Excess of revenue over expenses and disbursements | $-195,607 | |||
Net investment income | $69,424 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $2,158,642 | $2,279,432 |
Cash - non-interest-bearing | $0 | |
Investments-U.S. and state government obligations | $643,846 | |
Investments-corporate stock | $1,334,532 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $180,264 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $2,158,642 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $4,139 |
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 | $694 |
Total credits and payments | $3,030 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,030 |
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 | $2,336 |
Amount to be credited to 2013 estimated tax | $700 |
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 | $2,337,242 |
Net value of noncharitable-use assets | $2,302,180 |
Minimum investment return | $115,109 |
Distributable Amount (for 2012) | |
Distributable amount | $114,415 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $114,415 |
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 | Anne Anastasi Charitable Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 1998-11 | $6,831,453 |
2 | The@joseph And Catherine Johnson Family Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 1998-07 | $3,627,415 |
3 | Charles F Colao Animal Welfare Fund Inc | 34704 Michelle Dr, Rehoboth Bch, DE 19971-9404 | DE | 1997-07 | $3,267,155 |
4 | Winky Foundation Tr | 1100 N Market St, Wilmington, DE 19890-0001 | DE | 1998-07 | $2,505,307 |
5 | Hammonds Family Foundation | 1007 Barley Mill Rd, Wilmington, DE 19807-2221 | DE | 1998-11 | $1,360,111 |
6 | The Robert And Audrey Talbott Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 1995-04 | $1,332,134 |
7 | Newcity Foundation, Ferguson Richard A Ttee | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 1998-06 | $1,329,554 |
8 | Pinkerton Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 1995-03 | $1,218,805 |
9 | Patterson Family Foundation | Brandywine Trust Co, Hockessin, DE 19707 | DE | 1998-07 | $951,254 |
10 | James And Chantal Sheridan Foundation | C/O Chapel York1000 N West St, Wilmington, DE 19801 | DE | 1997-10 | $878,697 |
11 | Paul T And Aili R Jeffries Foundation | 200 Bellevue Pkwy Ste 220, Wilmington, DE 19809-3727 | DE | 1998-11 | $693,732 |
12 | Patrick Foundation Tr, Patrick John R & Joane M Ttee | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 1998-09 | $617,573 |
13 | Victory Fdn, Ttee 42006 0 | 1100 N Market St, Wilmington, DE 19890-0001 | DE | 1997-11 | $258,952 |
14 | Wmr Fam Foundation Tr, Russell Margaret Ann Ttee | 1100 N Market St, Wilmington, DE 19890-0001 | DE | 1998-07 | $249,648 |
15 | Wakefield Family Fund Inc | PO BOX 3880, Wilmington, DE 19807-0880 | DE | 1997-09 | $60,611 |
16 | Verbena Foundation | 1100 North Market Street, Wilmington, DE 19890-0900 | DE | 1998-07 | $15,062 |
17 | Seed Corn Foundation Tr | 1100 North Market Street, Wilmington, DE 19890-0001 | DE | 1998-07 | $2,233 |
18 | Sonecha Foundation Tr, Sonecha Jay N & Kashmira Co-Ttees | 220 Continental Dr Ste 410, Newark, DE 19713-4315 | DE | 1997-05 | $1,757 |
19 | The Synergy Foundation | 1100 North Market Street, Wilmington, DE 19890-0001 | DE | 1998-07 | $1,171 |
20 | Miraj Foundation | 109 Walnut Ridge Road, Greenville, DE 19807 | DE | 1993-04 | $1 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 5,225 |
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