Norwin S & Elizabeth N Bean Foundation in Manchester, 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
| Norwin S & Elizabeth N Bean Foundation | |
| Employer Identification Number (EIN) | 026013381 |
| Name of Organization | Norwin S & Elizabeth N Bean Foundation |
| Address | PO BOX 326, Manchester, NH 03105-0326 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1966 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $10,278,033 |
| Amount of Income | $12,958,810 |
| Form 990 Revenue Amount | $379,637 |
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 | $694,130 | $694,082 | $333,177 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $64,380 | |||
| Dividends and interest from securities | $123,027 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $48 | |||
| Other | $506,675 | |||
| Total expenses and disbursements | $464,052 | $61,697 | $44,461 | $402,355 |
| Compensation of officers, directors, trustees, etc. | $10,500 | |||
| Total operating and administrative expenses | $141,073 | $61,697 | $79,376 | |
| Contributions, gifts, grants paid | $322,979 | |||
| Excess of revenue over expenses and disbursements | $230,078 | |||
| Net investment income | $632,385 | |||
| Adjusted net income | $288,716 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $10,226,279 | $11,724,970 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $7,506,765 | |
| Investments-corporate bonds | $1,693,901 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,025,613 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $10,226,279 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $506,675 |
| 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 | $12,648 |
| Total credits and payments | $27,107 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $6,000 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $21,107 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $26 |
| Tax due | $0 |
| Overpayment | $14,433 |
| Amount to be credited to 2013 estimated tax | $14,433 |
| 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? | Yes |
| 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 | $11,276,022 |
| Net value of noncharitable-use assets | $11,106,880 |
| Minimum investment return | $555,344 |
| Distributable Amount (for 2012) | |
| Distributable amount | $542,696 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $542,696 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $542,696 |
| 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 | Northern New England Down Syndrome Congress | PO BOX 259, Londonderry, NH 03053-0259 | NH | 1991-08 | $38,153 |
| 2 | Northern New England Hockey Association, New Hampshire Junior Wildcats | 87 Giles Road, East Kingston, NH 03827 | NH | 2001-09 | $0 |
| 3 | Northern New England Repertory Theater Co Inc | PO BOX 1559, New London, NH 03257-1559 | NH | 2003-07 | $85,504 |
| 4 | Northern New Hampshire Mental Healt Housing Inc | 87 Washington St, Conway, NH 03818-6044 | NH | 1979-10 | $528,282 |
| 5 | Northern New Hampshire Verdun Residence Inc | 87 Washington St, Conway, NH 03818-6044 | NH | 1985-12 | $37,084 |
| 6 | Health And Safety Council Of Strafford County | PO BOX 928, Dover, NH 03821-0928 | NH | 2004-08 | $423,217 |
| 7 | Northern Strafford County Juvenile Court Diversion Program, Rochester Juvenile Diversion Prog | 9 Mechanic St, Farmington, NH 03835-3246 | NH | 2000-04 | $15,388 |
| 8 | Northwood Crank Pullers Snowmobile Club Ic | 47 Meadow Ln, Northwood, NH 03261-3850 | NH | 1976-09 | $34,974 |
| 9 | Northwood Parent Cooperative Preschool, Sandra Kerivan Treas | PO BOX 33, Northwood, NH 03261-0033 | NH | 1979-02 | $39,988 |
| 10 | Northwood Softball And Baseball Association | PO BOX 461, Northwood, NH 03261-0461 | NH | 2009-07 | $28,885 |
| 11 | Norwin S & Elizabeth N Bean Foundation | PO BOX 326, Manchester, NH 03105-0326 | NH | 1966-07 | $12,958,810 |
| 12 | Notre Dame Arena Inc | PO BOX 338, Berlin, NH 03570-0338 | NH | 1991-01 | $193,305 |
| 13 | Novalia, Novalia Inc Raphael House | 31 Webster Highway, Temple, NH 03084 | NH | 2002-04 | $0 |
| 14 | Nu Gamma Alumni Assn Of Phi Mu Delta Fraternity Inc | PO BOX 1715, Grantham, NH 03753-1715 | NH | 1968-03 | $177,506 |
| 15 | Nuclear Information & Records Management Assoc Incorporated, Nirma | 10 Almas Rd, Windham, NH 03087-1105 | NH | 1981-06 | $166,591 |
| 16 | Number Seven Webster Inc | 7 Webster Ave, Hanover, NH 03755-1704 | NH | 1976-10 | $372,251 |
| 17 | Number Theory Foundation | Hb-6188 Dartmouth College Mathemat, Hanover, NH 03755 | NH | 2001-02 | $25,227 |
| 18 | Nute Charitable Association | 90 N Main St, Concord, NH 03301-4915 | NH | 1942-07 | $48,854 |
| 19 | Nutfield Heights Inc | 3 Hood Road, Derry, NH 03038-2058 | NH | 1974-04 | $806,349 |
| 20 | Nutt Hospital Association, Steve Reynolds | 20 Trafalgar Sq Ste 202, Nashua, NH 03063-4903 | NH | 1960-02 | $1,992,082 |
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