Halvor E Prescott Tr Fund 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
| Halvor E Prescott Tr Fund | |
| Employer Identification Number (EIN) | 016064010 |
| Name of Organization | Halvor E Prescott Tr Fund |
| In Care of Name | Norstar Trust Co |
| Address | 850 Main St 13th Fl, 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) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $166,413 |
| Amount of Income | $77,921 |
| Form 990 Revenue Amount | $6,618 |
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 | $14,665 | $14,663 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $4,252 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $3 | |||
| Other | $10,410 | |||
| Total expenses and disbursements | $11,434 | $2,239 | $0 | $8,357 |
| Compensation of officers, directors, trustees, etc. | $2,400 | |||
| Total operating and administrative expenses | $3,317 | $2,239 | $240 | |
| Contributions, gifts, grants paid | $8,117 | |||
| Excess of revenue over expenses and disbursements | $3,231 | |||
| Net investment income | $12,424 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $166,063 | $189,041 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $156,701 | |
| Other | $9,362 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $166,063 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $10,410 |
| 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 | $248 |
| Total credits and payments | $44 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $44 |
| 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 | $204 |
| 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 | $184,646 |
| Net value of noncharitable-use assets | $181,880 |
| Minimum investment return | $9,094 |
| Distributable Amount (for 2012) | |
| Distributable amount | $8,846 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $8,846 |
| 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 | Harley & Stephen Osman Charitable Foundation Tr, Osman Stephen Ttee | 57 W Hill Rd, Stamford, CT 06902-2029 | CT | 1995-02 | $468,296 |
| 2 | Harmd Helping America Reducemethadone Deaths | 65 Montowese St Apt 1, Branford, CT 06405-3836 | CT | 2008-02 | $5,037 |
| 3 | Harmony Fellowcraft Club Of New Canaan Conn Incorporated | 174 Mariomi Rd, New Canaan, CT 06840-3313 | CT | 1927-06 | $122,930 |
| 4 | Gordon F Linke And Jocelyn B Linke Foundation Inc | 116 Eleven Levels Rd, Ridgefield, CT 06877-3009 | CT | 1997-08 | $1,242,598 |
| 5 | Gladys F Oneil Charitable Tr | 850 Main St 13th Fl, Bridgeport, CT 06604-4917 | CT | $792,610 | |
| 6 | Governor James B Longley Scholarship Foundation Trust, Kathryn M Longley-Leahy | 850 Main St Rc 13-505, Bridgeport, CT 06604-4917 | CT | $44,857 | |
| 7 | Gitterman Intra Fam Tr Gift, Gitterman J Ttee | 55 Shinar Mountain Rd, Washington Dt, CT 06794-1712 | CT | 1997-09 | $96,529 |
| 8 | Grant Family Foundation | 7 Sunnyside Ln, Westport, CT 06880-1711 | CT | 1985-09 | $19,533 |
| 9 | Great Mountain Forest Corporation | 200 Canaan Mountain Rd, Falls Village, CT 06031-1518 | CT | 1964-04 | $225,512 |
| 10 | Greenhill Family Foundation, Greenhill Robert F Ttee | 433 Riversville Rd, Greenwich, CT 06831-3231 | CT | 1998-07 | $150,000 |
| 11 | Halvor E Prescott Tr Fund | 850 Main St 13th Fl, Bridgeport, CT 06604-4917 | CT | $77,921 | |
| 12 | Glover-Crask Charit Tr Uw Ethel M Glover, Harris George F Ttee | 100 Pearl St Fl 13, Hartford, CT 06103-4500 | CT | 1998-11 | $3,067,464 |
| 13 | Silk N Sounds | 528 Buckland Dr, Cheshire, CT 06410-4152 | CT | 2014-09 | $35,917 |
| 14 | Harold And Jacquelyn Rodriguez Family Foundation Inc | 1070 Pequot Ave, Southport, CT 06890-1422 | CT | 2006-03 | $98,748 |
| 15 | Harold And Phyllis Van Horn Foundation | 1121 New Britain Ave, West Hartford, CT 06110-2412 | CT | 2000-09 | $286,256 |
| 16 | Harold Webster Smith Foundation Inc | 145 Bank St, Waterbury, CT 06702-2211 | CT | 1989-10 | $489,353 |
| 17 | Harriet & Fred M Cartoun Foundation Inc | PO BOX 139, Redding, CT 06896-0139 | CT | 1950-03 | $136,917 |
| 18 | Harriet Beecher Stowe Parent Teacher Organization | 94 Middle Rd, Enfield, CT 06082-4594 | CT | 1976-02 | $31,089 |
| 19 | Harris & Tucker Schools Inc | 412 Newhall St, Hamden, CT 06511-1119 | CT | 1980-08 | $154,390 |
| 20 | Harrison School Unit Benefit Fund Csea Ny Local 860 Unit 9180 | 10 Technology Dr, Wallingford, CT 06492-1955 | CT | 1990-01 | $153,899 |
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