Dennis A Otoole Family Foundation 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
- Organizations performing similar types of work
Dennis A Otoole Family Foundation | |
Employer Identification Number (EIN) | 043371817 |
Name of Organization | Dennis A Otoole Family Foundation |
In Care of Name | Albert P Stowe Cpa Pllc |
Address | 200 Marcy St, Portsmouth, NH 03801-4649 |
Activities | Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 07/1998 |
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 | $500,000 to $999,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $1,783,155 |
Amount of Income | $525,953 |
Form 990 Revenue Amount | $122,341 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $525,953 (it was $577,744 in 2012)
This organization: | $525,953 |
Other organizations performing similar types of work: | $120,160 |
Assets in 2013: $1,783,155 (it was $1,761,234 in 2012)
Dennis A Otoole Family Foundation: | $1,783,155 |
Other organizations performing similar types of work: | $450,518 |
Expenses in 2012: $131,426
Dennis A Otoole Family Foundation: | $131,426 |
Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2012: 4.0
Dennis A Otoole Family Foundation: | 4.0 |
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
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 | $165,019 | $165,019 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $10,894 | |||
Dividends and interest from securities | $43,824 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $110,301 | |||
Total expenses and disbursements | $131,426 | $17,578 | $0 | $113,103 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $18,323 | $17,578 | $0 | |
Contributions, gifts, grants paid | $113,103 | |||
Excess of revenue over expenses and disbursements | $33,593 | |||
Net investment income | $147,441 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $1,761,234 | $2,367,717 |
Cash - non-interest-bearing | $0 | |
Investments-U.S. and state government obligations | $49,811 | |
Investments-corporate stock | $1,219,482 | |
Investments-corporate bonds | $453,769 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $38,172 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $1,761,234 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $110,301 |
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 | $2,949 |
Total credits and payments | $2,120 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,120 |
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 | $1 |
Tax due | $830 |
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 | $2,331,570 |
Net value of noncharitable-use assets | $2,296,600 |
Minimum investment return | $114,830 |
Distributable Amount (for 2012) | |
Distributable amount | $111,881 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $111,881 |
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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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | The Patterson Foundation | 2 N Tamiami Trl Ste 206, Sarasota, FL 34236-5585 | FL | 1997-04 | $75,305,780 |
2 | Wallace H Coulter Foundation | 790 Nw 107th Ave Ste 215, Miami, FL 33172-3158 | FL | 1997-07 | $64,864,567 |
3 | The Kimball Foundation | 1660 Bush St, San Francisco, CA 94109-5308 | CA | 1998-01 | $30,232,965 |
4 | Tuchman Family Foundation | 5251 Dtc Pkwy Ste 995, Englewood, CO 80111-2738 | CO | 1997-06 | $28,714,366 |
5 | Siemer Family Foundation | 1234 E Broad St, Columbus, OH 43205-1405 | OH | 1997-09 | $23,049,203 |
6 | Bakken Family Wrc Foundation | 90 S 7th St Ste 5300, Minneapolis, MN 55402-4120 | MN | 1996-09 | $22,395,247 |
7 | University System Of Georgia Foundation Inc | 270 Washington St Sw Fl 7, Atlanta, GA 30334-9009 | GA | 1997-04 | $20,049,164 |
8 | Annie L Rowell Charitable Remainder Trust | PO BOX 477, Concord, NH 03302-0477 | NH | 1998-08 | $4,332,677 |
9 | Allan B Roby And Frances M Roby Charitable Trust | 7 Bliss Ln, Lyme, NH 03768-3809 | NH | 1997-10 | $786,325 |
10 | Dennis A Otoole Family Foundation | 200 Marcy St, Portsmouth, NH 03801-4649 | NH | 1998-07 | $525,953 |
11 | Hughes Family Foundation Inc | 121 Mascoma St Apt 6, Lebanon, NH 03766-2616 | NH | 1998-05 | $523,526 |
12 | Sim-Ayres Foundation Inc | PO BOX 429, Mirror Lake, NH 03853-0429 | NH | 1998-08 | $276,355 |
13 | Quinn Family Foundation | 20 Low Rd, Hanover, NH 03755-2207 | NH | 1998-11 | $212,146 |
14 | Laurence C Campbell Trust | PO BOX 477, Concord, NH 03302-0477 | NH | 1998-02 | $184,641 |
15 | Raymond & Anna Tuttle Charitable Trust | PO BOX 477, Concord, NH 03302-0477 | NH | 1998-09 | $151,745 |
16 | William H James 1923 And Glenna James Scholarship Fund | PO BOX 477, Concord, NH 03302-0477 | NH | 1998-03 | $99,210 |
17 | Crowley Family Foundation | 71 Palm Dr, Center Conway, NH 03813-4092 | NH | 1998-08 | $69,997 |
18 | Barrett Family Foundation | 41 Goffstown Rd, Hooksett, NH 03106-2400 | NH | 1997-12 | $48,679 |
19 | Florence Pierce Tr Fbo Dorothy Boynton, Stratevest Group Na | PO BOX 477, Concord, NH 03302-0477 | NH | 1998-08 | $37,810 |
20 | Rye Library Development Foundation | 581 Washington Rd, Rye, NH 03870 | NH | 1998-09 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 5,225 |
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