Alta W Foster Trust in Providence, Rhode Island (RI)
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 Rhode Island
| Alta W Foster Trust | |
| Employer Identification Number (EIN) | 046269700 |
| Name of Organization | Alta W Foster Trust |
| In Care of Name | First Natl Bk Of Boston |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1991 |
| 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 | $27,172,325 |
| Amount of Income | $22,372,068 |
| Form 990 Revenue Amount | $1,791,393 |
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 | $2,324,475 | $2,315,925 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $855,708 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $330 | |||
| Other | $1,468,437 | |||
| Total expenses and disbursements | $1,397,978 | $132,434 | $0 | $1,238,845 |
| Compensation of officers, directors, trustees, etc. | $105,613 | |||
| Total operating and administrative expenses | $202,878 | $132,434 | $43,745 | |
| Contributions, gifts, grants paid | $1,195,100 | |||
| Excess of revenue over expenses and disbursements | $926,497 | |||
| Net investment income | $2,183,491 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $26,470,163 | $28,117,808 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $24,961,013 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,509,150 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $26,470,163 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,468,437 |
| 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 | $43,670 |
| Total credits and payments | $56,055 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $47,755 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $8,300 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $12,385 |
| Amount to be credited to 2013 estimated tax | $12,385 |
| 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? | 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 | $27,816,595 |
| Net value of noncharitable-use assets | $27,399,340 |
| Minimum investment return | $1,369,967 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,326,297 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,326,297 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $282,038 |
| 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 Rhode Island | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Almond M Paine Residuary Tr 2 9890 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $270,052 |
| 2 | Alonzo Clark Mather Trust 0930675 95-15c263306 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1937-05 | $901,540 |
| 3 | Alperin Foundation | 170 Westminster St Ste 1050, Providence, RI 02903-2101 | RI | 1957-12 | $637 |
| 4 | Alpha Beta Corporation | PO BOX 5387, Wakefield, RI 02880-5387 | RI | 1977-04 | $464,663 |
| 5 | Alpha Chi Omega Fraternity Inc, Gamma Sigma Chapter | 2783 Kingstown Rd, Kingston, RI 02881-1517 | RI | 1941-09 | $472,686 |
| 6 | Alpha Chi Omega Fraternity Inc | 69 Brown Street Box 1150, Providence, RI 02912 | RI | 1941-09 | $0 |
| 7 | Alpha Chi Omega House Corp | 2783 Kingstown Rd, Kingston, RI 02881-1517 | RI | 1963-11 | $162,385 |
| 8 | Alpha Phi International Fraternity Inc, Iota Delta House Corporation Board | 34 Lower College Rd, Kingston, RI 02881-1308 | RI | 1949-02 | $316,193 |
| 9 | Alpha Xi Delta Building Corp Of Kingston Ri | 12 Fraternity Cir, Kingston, RI 02881-1102 | RI | 1971-06 | $581,359 |
| 10 | Alston H Lancaster Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | $304,478 | |
| 11 | Alta W Foster Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1991-08 | $22,372,068 |
| 12 | Alternative Educational Programming Inc | 80 Washington Street Ste 449, Providence, RI 02903-1819 | RI | 2002-12 | $72,572 |
| 13 | Alternative Living Concepts Inc | 249 Roosevelt Ave, Pawtucket, RI 02860-2134 | RI | 1994-03 | $47,356 |
| 14 | Altus Realty Inc | 10 Charles Street, Providence, RI 02904-2249 | RI | 2007-06 | $1,656,936 |
| 15 | Alumni Association Of The University Of Rhode Island | 73 Upper College Rd, Kingston, RI 02881-2005 | RI | 1958-02 | $6,534,455 |
| 16 | Alvah N Belding Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1971-02 | $2,990,771 |
| 17 | Alvin C Warning Tuw 416-116118544691 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2010-08 | $180,571 |
| 18 | Alzheimers Association Rhode Island Chapter, Rhode Island Chapter | 245 Waterman Street, Providence, RI 02906-5215 | RI | 2010-04 | $657,985 |
| 19 | Amalgamated Transit Union 618, 618 Local | 172 Longfellow St, Providence, RI 02907-2621 | RI | 1940-08 | $750,432 |
| 20 | Amalgamated Transit Union, 1363 Local | PO BOX 6, Adamsville, RI 02801-0006 | RI | 1940-10 | $59,827 |
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