Olivetti Foundation Inc 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
- Other organizations in Delaware
| Olivetti Foundation Inc | |
| Employer Identification Number (EIN) | 046043143 |
| Name of Organization | Olivetti Foundation Inc |
| In Care of Name | Foundation Source |
| Address | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 |
| Activities | Other school related activities, Gifts, grants, or loans to other organizations, Gifts or grants to individuals (other than scholarships) |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/1962 |
| 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 | $1,252,147 |
| Amount of Income | $82,758 |
| Form 990 Revenue Amount | $31,488 |
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 | $14,983 | $19,648 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $128 | |||
| Dividends and interest from securities | $19,203 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,439 | |||
| Total expenses and disbursements | $91,934 | $19,539 | $0 | $72,295 |
| Compensation of officers, directors, trustees, etc. | $9,000 | |||
| Total operating and administrative expenses | $42,934 | $19,539 | $23,295 | |
| Contributions, gifts, grants paid | $49,000 | |||
| Excess of revenue over expenses and disbursements | $-76,951 | |||
| Net investment income | $109 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,335,523 | $1,546,274 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $562,593 | |
| Investments-corporate bonds | $369,343 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $403,587 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,335,523 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-6,787 |
| 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 |
| Total credits and payments | $125 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $125 |
| 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 | $124 |
| Amount to be credited to 2013 estimated tax | $124 |
| 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 | $1,531,718 |
| Net value of noncharitable-use assets | $1,508,740 |
| Minimum investment return | $75,437 |
| Distributable Amount (for 2012) | |
| Distributable amount | $75,436 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $75,436 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $74,375 |
| 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 Delaware | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Oaklands Pool Association Inc | PO BOX 593, Newark, DE 19715-0593 | DE | 2014-07 | $77,615 |
| 2 | Oakwood Valley Club Inc | 606 Entwisle Ct, Wilmington, DE 19808 | DE | 1958-01 | $41,226 |
| 3 | Oberod Foundation | 1020 N Bancroft Pkwy Ste 100, Wilmington, DE 19805-2666 | DE | 1968-09 | $5 |
| 4 | Obrzut-Ling Foundation Inc | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2005-07 | $376,080 |
| 5 | Oconnell Family Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2006-12 | $535,133 |
| 6 | Odd Fellows Cemetery Inc | PO BOX 72, Seaford, DE 19973-0072 | DE | 1972-05 | $82,272 |
| 7 | Odd Fellows Cemetery Of Milford Incorporated | 300 S Rehoboth Blvd, Milford, DE 19963-1532 | DE | 1992-09 | $172,992 |
| 8 | Officers Wives Welfare Club | Po Box 2001, Dover Afb, DE 19902 | DE | 1990-01 | $0 |
| 9 | Old Christ Church League | Po Box 395, Laurel, DE 19956 | DE | 2008-12 | $0 |
| 10 | Oliver L Etnier Tr Ua 26813-0 Fbo John S Morrison Scholarship Fund | 1100 N Market St-Trust Tax Dept, Wilmington, DE 19890-1100 | DE | $1,218,524 | |
| 11 | Olivetti Foundation Inc | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 1962-03 | $82,758 |
| 12 | One At A Time Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2009-09 | $100,375 |
| 13 | Opera Delaware Inc | 4 S Poplar St, Wilmington, DE 19801-5009 | DE | 1955-04 | $719,515 |
| 14 | Operation Ac Inc | 43 Decidedly Ln, Bear, DE 19701-3347 | DE | 2003-12 | $114,546 |
| 15 | Opportunity Center Incorporated | 3030 Bowers St, Wilmington, DE 19802-2405 | DE | 1959-02 | $7,724,671 |
| 16 | Ora Foundation | 1100 N Market St, Wilmington, DE 19890-0001 | DE | 1992-10 | $69,065 |
| 17 | Orange Foundation Inc | PO BOX 30617, Wilmington, DE 19805-7617 | DE | 1946-08 | $207,711 |
| 18 | Orchard 15 Foundation | C/O Foundation Source 501 Silversid, Wilmington, DE 19809-1377 | DE | 2008-03 | $2 |
| 19 | Order Of The Eastern Star Of Delaware Grand Chapter | 6112 W Denneys Rd, Dover, DE 19901-1534 | DE | 1941-09 | $46,548 |
| 20 | Nunan Family Foundation | 447 Westville Rd, Marydel, DE 19964-1820 | DE | 2007-05 | $36,415 |
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