Gilbert Verney Foundation, Verney Farm in Bennington, 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
| Gilbert Verney Foundation, Verney Farm | |
| Employer Identification Number (EIN) | 026007363 |
| Name of Organization | Gilbert Verney Foundation |
| Secondary Name | Verney Farm |
| In Care of Name | Monadnock Paper Mills Inc |
| Address | 117 Antrim Rd, Bennington, NH 03442-4205 |
| Activities | Gifts, grants, or loans to other organizations, Other school related activities, Other religious activities |
| Subsection | Charitable Organization |
| Ruling Date | 07/1949 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| 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 | $2,504,449 |
| Amount of Income | $1,446,668 |
| Form 990 Revenue Amount | $329,730 |
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 | $258,297 | $108,297 | $0 | |
| Contributions, gifts, grants, etc., received | $150,000 | |||
| Interest on savings and temporary cash investments | $13 | |||
| Dividends and interest from securities | $61,375 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $46,909 | |||
| Total expenses and disbursements | $233,102 | $32,534 | $0 | $188,068 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $35,277 | $32,534 | $2,743 | |
| Contributions, gifts, grants paid | $197,825 | |||
| Excess of revenue over expenses and disbursements | $25,195 | |||
| Net investment income | $75,763 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,531,130 | $2,531,130 |
| Cash - non-interest-bearing | $104,090 | |
| Investments-U.S. and state government obligations | $67,718 | |
| Investments-corporate stock | $1,411,962 | |
| Investments-corporate bonds | $697,925 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $249,435 | |
| Total liabilities | $95,000 | |
| Mortgages and other notes payable | $0 | |
| Other | $95,000 | |
| Total liabilities and net assets/fund balances | $2,436,130 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $46,909 |
| 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 | $1,515 |
| Total credits and payments | $2,920 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,920 |
| 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 | $1,402 |
| Amount to be credited to 2013 estimated tax | $1,402 |
| 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 | $2,339,355 |
| Net value of noncharitable-use assets | $2,304,260 |
| Minimum investment return | $115,213 |
| Distributable Amount (for 2012) | |
| Distributable amount | $113,698 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $113,698 |
| 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 New Hampshire | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | General Federation Of Womens Clubs-New Hampshire | 6 River Rd, Allenstown, NH 03275-1806 | NH | 1996-05 | $38,907 |
| 2 | Geneva Point Center Inc | 108 Geneva Point Rd, Moultonboro, NH 03254-4911 | NH | 1987-08 | $757,673 |
| 3 | George Ashworth Charitable Trust D, Casassa R Etal Ttees | 459 Lafayette Rd, Hampton, NH 03842-2241 | NH | 1954-06 | $100 |
| 4 | George B Green Scholarship Trust, Tanguay William L Et Al Ttee | 195 New Hampshire Ave Ste 255, Portsmouth, NH 03801-2875 | NH | 1993-04 | $128,732 |
| 5 | George Gallup Clark Trust | PO BOX 96, Plymouth, NH 03264-0096 | NH | 1963-05 | $2,306 |
| 6 | George T Cogan Trust | PO BOX 477, Concord, NH 03302-0477 | NH | 1972-01 | $140,169 |
| 7 | George V Durgin Tuw-Fbo Scholarships | 1011 Us Route 3, Campton, NH 03223-4509 | NH | $121,200 | |
| 8 | George W Haslet Testamentry Trust | PO BOX 477, Concord, NH 03302-0477 | NH | 1953-08 | $328,208 |
| 9 | Georges Mills Boat Club | PO BOX 638, New London, NH 03257-0638 | NH | 1991-03 | $43,811 |
| 10 | Get A Life Ministry | PO BOX 594, Antrim, NH 03440-0594 | NH | 1998-10 | $600 |
| 11 | Gilbert Verney Foundation, Verney Farm | 117 Antrim Rd, Bennington, NH 03442-4205 | NH | 1949-07 | $1,446,668 |
| 12 | Gilford Village Knolls Inc | 2 Cote Ln Unit 3, Bedford, NH 03110-5842 | NH | 1986-07 | $259,024 |
| 13 | Gilman Home For The Aged | 10 Windsor Sq, Laconia, NH 03246-3940 | NH | 1974-11 | $78,303 |
| 14 | Gilmanton After School Program Inc | 1386 Nh Route 140, Gilmanton Iw, NH 03837-4630 | NH | 1999-08 | $31,543 |
| 15 | Gilmanton Land Tr, Gillmanton Land Trust | Po Box 561, Gilmanton, NH 03237 | NH | 1999-02 | $98,505 |
| 16 | Gilmanton Year Round Library Association | 1385 Nh Route 140, Gilmanton Iw, NH 03837-4631 | NH | 2000-08 | $104,240 |
| 17 | Fred And Gertrude Perlberg Foundation Inc | PO BOX 979, Henniker, NH 03242-0979 | NH | 1957-09 | $179,632 |
| 18 | Ggm Tr, Michaelson Gertrude G Et Al Ttee | C/O Michelson 89 Steele Rd, Peterborough, NH 03458 | NH | 1997-07 | $9,499 |
| 19 | Friends Of The Hanover Schools Inc | 7 Gile Dr Unit 1a, Hanover, NH 03755-3704 | NH | 1964-01 | $18,039 |
| 20 | Georgia C Hulett Trust Uw Nect | PO BOX 477, Concord, NH 03302-0477 | NH | 1974-01 | $26,991 |
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