Robert G And Marguerite M Derx Foundation, Mcredmond Eugene R Ttee in Litchfield, 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
| Robert G And Marguerite M Derx Foundation, Mcredmond Eugene R Ttee | |
| Employer Identification Number (EIN) | 066449960 |
| Name of Organization | Robert G And Marguerite M Derx Foundation |
| Secondary Name | Mcredmond Eugene R Ttee |
| In Care of Name | Union Savings Bank Attn Trust |
| Address | PO BOX 578, Litchfield, CT 06759-0578 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| 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 | $4,094,575 |
| Amount of Income | $1,382,557 |
| Form 990 Revenue Amount | $446,028 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $1,382,557 (it was $1,255,737 in 2012)
| This organization: | $1,382,557 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2013: $4,094,575 (it was $4,160,887 in 2012)
| This organization: | $4,094,575 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2012: $271,370
| Robert G And Marguerite M Derx Foundation, Mcredmond Eugene R Ttee: | $271,370 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2012: 5.1
| This organization: | 5.1 |
| 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
| 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 | $301,183 | $301,183 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $101,864 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $199,319 | |||
| Total expenses and disbursements | $271,370 | $53,010 | $0 | $201,818 |
| Compensation of officers, directors, trustees, etc. | $63,381 | |||
| Total operating and administrative expenses | $91,737 | $53,010 | $22,185 | |
| Contributions, gifts, grants paid | $179,633 | |||
| Excess of revenue over expenses and disbursements | $29,813 | |||
| Net investment income | $248,173 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,160,887 | $4,514,427 |
| 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 | $4,160,887 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,160,887 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $199,319 |
| 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 | $4,963 |
| Total credits and payments | $7,932 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $7,932 |
| 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 | $3 |
| Tax due | $0 |
| Overpayment | $2,966 |
| 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? | Yes |
| 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 | $4,507,436 |
| Net value of noncharitable-use assets | $4,439,820 |
| Minimum investment return | $221,991 |
| Distributable Amount (for 2012) | |
| Distributable amount | $217,028 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $217,028 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $213,034 |
| 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 | Tudor Foundation Inc | 1275 King St, Greenwich, CT 06831-2936 | CT | 1998-01 | $4,557,000 |
| 2 | The Robert A And Elizabeth R Jeffe Foundation, Jeffe Robert A Et Al Ttee | 19 Hawkwood Ln, Greenwich, CT 06830-3924 | CT | 1998-08 | $4,383,856 |
| 3 | Vranos Foundation | 53 Forest Avenue 2nd Floor, Old Greenwich, CT 06870-1526 | CT | 1997-10 | $4,004,205 |
| 4 | Thomston Savings Bank Foundation Inc | PO BOX 907, Thomaston, CT 06787-0907 | CT | 1998-08 | $1,565,617 |
| 5 | The Octoberhill Foundation C/O Sharon Trulock Esq | 17 Taunton Ridge Rd, Newtown, CT 06470-1419 | CT | 1995-05 | $1,294,008 |
| 6 | Union Savings Bank Foundation Inc | 226 Main St, Danbury, CT 06810-6635 | CT | 1998-07 | $1,042,868 |
| 7 | Ward Foundation Inc | 77 Winfield Ln, New Canaan, CT 06840-3439 | CT | 1998-09 | $966,674 |
| 8 | The Rhoda And David Chase Family Foundation Inc | Chase Enterpgoodwin Sq225 Asylum St, Hartford, CT 06103 | CT | 1998-01 | $641,273 |
| 9 | Shames Family Foundation | 35 Mollbrook Dr, Wilton, CT 06897-4709 | CT | 1998-11 | $581,572 |
| 10 | Ud Jc & Aj Bowling-Bowling Family Foundation, Bowling James C Ttee | PO BOX 1214, Stamford, CT 06904-1214 | CT | 1997-05 | $433,042 |
| 11 | The@luke Obrien Foundation | 85 Chestnut Hill Rd, Wilton, CT 06897-4606 | CT | 1998-10 | $244,147 |
| 12 | The Parkinson Family Charitable Foundation Incorporated | 640 W Putnam Ave Floor 3, Greenwich, CT 06830-6008 | CT | 1998-08 | $241,635 |
| 13 | Stephen & Denise Adams Family Foundation Inc | 88 Old Roxbury Rd, Roxbury, CT 06783-1809 | CT | 1998-03 | $73,281 |
| 14 | The John Treacy And Darcy F Beyer Foundation Inc | C/O Andersen Tax 1700 E Putnam Ave, Old Greenwich, CT 06870 | CT | 1997-02 | $68,879 |
| 15 | William And Barbara Family Foundation | 111 Duncan Dr, Greenwich, CT 06831-3617 | CT | 1998-01 | $55,732 |
| 16 | Steven And Sharon Chrust Foundation | 107 Saddle Rock Rd, Stamford, CT 06902-8228 | CT | 1998-08 | $41,000 |
| 17 | St Huberts Foundation Charitable Tr, Morley James T Jr Ttee | 54 Huntingtown Rd, Newtown, CT 06470-2615 | CT | 1997-02 | $37,201 |
| 18 | Vallee Foundation | 60 Pinney St Apt 1, Ellington, CT 06029-3828 | CT | 1998-10 | $7,457 |
| 19 | Wakely Foundation | 24 Hemlock Glen Rd, Hampton, CT 06247-1203 | CT | 1998-05 | $3,999 |
| 20 | Treibick Family Foundation Inc | PO BOX 311028 GLENVILLE STATION, Greenwich, CT 06831 | CT | 1996-07 | $2,639 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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