Elms Foundation in Providence, Rhode Island (RI)
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 Rhode Island
| Elms Foundation | |
| Employer Identification Number (EIN) | 050450051 |
| Name of Organization | Elms Foundation |
| In Care of Name | Calibre |
| Address | 244 Gano St, Providence, RI 02906-4027 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $6,050,462 |
| Amount of Income | $3,813,455 |
| Form 990 Revenue Amount | $1,713,231 |
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 | $810,547 | $849,331 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $17 | |||
| Dividends and interest from securities | $184,170 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $626,360 | |||
| Total expenses and disbursements | $475,518 | $55,202 | $0 | $397,100 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $96,818 | $55,202 | $18,400 | |
| Contributions, gifts, grants paid | $378,700 | |||
| Excess of revenue over expenses and disbursements | $335,029 | |||
| Net investment income | $794,129 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,189,911 | $11,785,202 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,074,849 | |
| Investments-corporate bonds | $3,943,718 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $171,344 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $5,189,911 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $626,360 |
| 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 | $15,883 |
| Total credits and payments | $19,934 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $12,600 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $7,334 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $51 |
| Tax due | $0 |
| Overpayment | $4,000 |
| Amount to be credited to 2013 estimated tax | $4,000 |
| 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 | $11,572,852 |
| Net value of noncharitable-use assets | $11,399,260 |
| Minimum investment return | $569,963 |
| Distributable Amount (for 2012) | |
| Distributable amount | $554,080 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $554,080 |
| 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 Rhode Island | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Edward W Morrison Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | $653,459 | |
| 2 | Tuw Eleanor Hills Charitable Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 1900-01 | $2,569,528 |
| 3 | Eliza Mc Millan | PO BOX 1802, Providence, RI 02901-1802 | RI | $270,264 | |
| 4 | Elizabeth A Straut Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1900-01 | $5,086,317 |
| 5 | Ellen B Fox Fund 31445408 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1900-01 | $355,660 |
| 6 | Elmer & Mabel Slemons Charitable Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | $157,455 | |
| 7 | Emil Kirchheimer Trust 32 48219 2 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1900-01 | $2,324,990 |
| 8 | Tuw Emily Burmeister Charitable | PO BOX 1802, Providence, RI 02901-1802 | RI | $1,842,794 | |
| 9 | Eugene F Williams Charitable Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1966-10 | $38,001 |
| 10 | E Stanley And Alice M Wright Foundation Mawogo4 Tru Kalloch | PO BOX 1802, Providence, RI 02901-1802 | RI | 1984-12 | $38,444 |
| 11 | Elms Foundation | 244 Gano St, Providence, RI 02906-4027 | RI | 1991-05 | $3,813,455 |
| 12 | Emily E F Skeel Trusts Fbo Sleepy Hollow Cemetary | PO BOX 1802, Providence, RI 02901-1802 | RI | $1,624 | |
| 13 | Edith Geheeb-Cassirer Foundation | 180 Biscuit City Rd, Kingston, RI 02881-1639 | RI | 1985-09 | $84,428 |
| 14 | Donald Salmanson Foundation | 155 South Main Street, Providence, RI 02903-2963 | RI | 1985-05 | $670,954 |
| 15 | Donate Shop | 400 Warwick Avenue Unit 14, Warwick, RI 02888 | RI | 1996-09 | $0 |
| 16 | Dora C Howard Centre Ltd | 715 Putnam Pike, Greenville, RI 02828-1428 | RI | 1988-06 | $238,436 |
| 17 | Dorau Charitable Trust Nect Uw Fbo Seven Charities | PO BOX 1802, Providence, RI 02901-1802 | RI | 1977-12 | $279,362 |
| 18 | Dorcas Place Adult And Family Learn Ing Center Inc | 220 Elmwood Ave, Providence, RI 02907-1435 | RI | 1981-08 | $3,326,665 |
| 19 | Doric Association Inc | 244 Park View Ave, Warwick, RI 02888-2541 | RI | 2004-09 | $131,249 |
| 20 | Doris & Vivian Horton Scholarship Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 2001-11 | $87,310 |
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