Charles H Lane Trust in Portsmouth, New Hampshire (NH)
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 New Hampshire
| Charles H Lane Trust | |
| Employer Identification Number (EIN) | 026004756 |
| Name of Organization | Charles H Lane Trust |
| In Care of Name | Poscataqua Savings Bank |
| Address | 15 Pleasant St, Portsmouth, NH 03801-4532 |
| Activities | School, college, trade school, etc., Other school related activities |
| Subsection | Educational Organization |
| Ruling Date | 04/1947 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| 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 | $180,790 |
| Amount of Income | $44,535 |
| Form 990 Revenue Amount | $10,829 |
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 | $8,567 | $8,567 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $7,428 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1,139 | |||
| Total expenses and disbursements | $10,478 | $939 | $0 | $9,348 |
| Compensation of officers, directors, trustees, etc. | $968 | |||
| Total operating and administrative expenses | $1,235 | $939 | $105 | |
| Contributions, gifts, grants paid | $9,243 | |||
| Excess of revenue over expenses and disbursements | $-1,911 | |||
| Net investment income | $7,628 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $182,281 | $191,006 |
| Cash - non-interest-bearing | $100 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $182,181 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $182,281 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,139 |
| 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 | $153 |
| Total credits and payments | $192 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $192 |
| 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 | $39 |
| Amount to be credited to 2013 estimated tax | $39 |
| 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 | $190,557 |
| Net value of noncharitable-use assets | $187,700 |
| Minimum investment return | $9,385 |
| Distributable Amount (for 2012) | |
| Distributable amount | $9,232 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $9,232 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $9,127 |
| 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 New Hampshire | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Centerra Marketplace Inc | 7 Lebanon St Ste 302, Hanover, NH 03755-2112 | NH | 2001-02 | $1,439,406 |
| 2 | Central Crew Club | 207 Lowell St, Manchester, NH 03104-4912 | NH | 2004-01 | $102,797 |
| 3 | Central New Hampshire Special Operations Unit | 247 Pembroke St, Pembroke, NH 03275-1359 | NH | 2004-09 | $46,000 |
| 4 | Cfx Charitable Foundation | 300 Franklin St, Manchester, NH 03101-2318 | NH | 1997-04 | $186 |
| 5 | Challenger Sports Inc | 168 Maple St, Manchester, NH 03103-5513 | NH | 2011-12 | $2,985 |
| 6 | Chamber Community Tr, Michael Schidlousky | PO BOX 278, Exeter, NH 03833-0278 | NH | 2003-09 | $26,723 |
| 7 | Champions Of New Hampshire Farms | PO BOX 2585, Concord, NH 03302-2585 | NH | 2002-04 | $133,386 |
| 8 | Chaplain Emergency Relief Fund Nhng | PO BOX 3448, Concord, NH 03302-3448 | NH | 1991-04 | $93,690 |
| 9 | Charitable Division Of The Rotary Club Of Durham Great-Bay | P O Box 102, Durham, NH 03824 | NH | 1997-04 | $0 |
| 10 | Charitable Division Of The Rotary Club Of Portsmouth New Hampshire | PO BOX 905, Portsmouth, NH 03802-0905 | NH | 1996-02 | $275,125 |
| 11 | Charles H Lane Trust | 15 Pleasant St, Portsmouth, NH 03801-4532 | NH | 1947-04 | $44,535 |
| 12 | Charles S Hall Trust | PO BOX 477, Concord, NH 03302-0477 | NH | 1953-06 | $102,947 |
| 13 | Charlestown Ambulance Attendants Association | Po Box 369, Charlestown, NH 03603 | NH | 2000-01 | $5,482 |
| 14 | Charlestown Senior Citizens Club | PO BOX 1333, Charlestown, NH 03603-1333 | NH | 1982-05 | $37,832 |
| 15 | Charlotte Avenue Parent Teacher Org | 48 Charlotte Ave, Nashua, NH 03064 | NH | 2007-05 | $0 |
| 16 | Charter Charitable Foundation | 90 N Main St, Concord, NH 03301-4915 | NH | 2006-02 | $401,567 |
| 17 | Chase Bailey Foundation | 3 Curriers Cv, Portsmouth, NH 03801-5565 | NH | 2007-05 | $1 |
| 18 | Chase Home For Children In Portsmouth N H | 698 Middle Rd, Portsmouth, NH 03801-4829 | NH | 1942-11 | $4,955,362 |
| 19 | Chesco Inc | PO BOX 561, Keene, NH 03431-0561 | NH | 1986-10 | $4,628,457 |
| 20 | Cheshire Childrens Museum Inc | 222 West St, Keene, NH 03431 | NH | 2010-01 | $135,947 |
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