Ballou Home For The Aged Of Woonsocket Rhode Island in Woonsocket, 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
| Ballou Home For The Aged Of Woonsocket Rhode Island | |
| Employer Identification Number (EIN) | 050260671 |
| Name of Organization | Ballou Home For The Aged Of Woonsocket Rhode Island |
| Address | 60 Mendon Rd, Woonsocket, RI 02895-1512 |
| Activities | Housing for the aged (see also 153) |
| Subsection | Charitable Organization |
| Ruling Date | 07/1935 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation exempt from paying excise taxes on investment income |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $9,727,394 |
| Amount of Income | $7,534,625 |
| Form 990 Revenue Amount | $4,092,027 |
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 | $4,216,081 | $703,544 | $3,512,537 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $241,811 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $3,512,537 | |||
| Other | $461,733 | |||
| Total expenses and disbursements | $3,563,832 | $32,634 | $143,320 | $3,387,878 |
| Compensation of officers, directors, trustees, etc. | $110,459 | |||
| Total operating and administrative expenses | $3,563,832 | $32,634 | $3,387,878 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $652,249 | |||
| Net investment income | $670,910 | |||
| Adjusted net income | $3,369,217 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,962,874 | $8,962,874 |
| Cash - non-interest-bearing | $729,894 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $22,525 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $5,683,002 | |
| Other | $2,527,453 | |
| Total liabilities | $211,277 | |
| Mortgages and other notes payable | $0 | |
| Other | $211,277 | |
| Total liabilities and net assets/fund balances | $8,751,597 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $461,733 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | Yes |
| 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 | $6,331,595 |
| Net value of noncharitable-use assets | $6,236,620 |
| Minimum investment return | $311,831 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $3,519,533 | $3,691,571 | $3,382,355 | $3,109,053 | $13,702,512 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $207,887 | $201,147 | $216,429 | $204,703 | $830,166 |
| 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 | B K Brennan Scholarship Fund Inc | PO BOX 552, Warren, RI 02885-0552 | RI | 2002-01 | $4,609 |
| 2 | B Mishkan Cemetary Trust Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | 1982-05 | $41,526 |
| 3 | B Street Foundation | 90 Elm St Ste 1, Providence, RI 02903-4647 | RI | 1997-05 | $139,492 |
| 4 | Back To School Celebration | 140 Cypress St, Providence, RI 02906-2508 | RI | 2007-11 | $115,887 |
| 5 | Bafflin Foundation | 50 Kennedy Plz Ste 1500, Providence, RI 02903-2393 | RI | 1991-02 | $2,870,233 |
| 6 | Bailey Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 2003-02 | $906,447 |
| 7 | Bailey Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1955-01 | $295,962 |
| 8 | Baker-Adams Scholarship Fund 059-1265282 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-03 | $208,218 |
| 9 | Balch Hospital U/W Emeline R Balch | 10 Tripps Ln, Riverside, RI 02915-3014 | RI | 1933-12 | $1,269,091 |
| 10 | Baldwin Trust Fbo Bradley Hospital 18-2570202 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1977-12 | $91,825 |
| 11 | Ballou Home For The Aged Of Woonsocket Rhode Island | 60 Mendon Rd, Woonsocket, RI 02895-1512 | RI | 1935-07 | $7,534,625 |
| 12 | Bamboo Bridge Corporation, The Pepper Bird Magazine | Po Box 72865, Providence, RI 02907 | RI | 2013-05 | $0 |
| 13 | Bancroft Family Foundation | 55 Hammarlund Way Tech Ii, Middletown, RI 02842 | RI | 2000-10 | $465,406 |
| 14 | Bannister Foundation | Harrison Law Associates 807 Broad, Providence, RI 02907 | RI | 1984-02 | $30 |
| 15 | Bannister Nursing Care Center | 135 Dodge St, Providence, RI 02907-2210 | RI | 1974-04 | $7,077,161 |
| 16 | Baptist Retirement Home | PO BOX 1802, Providence, RI 02901-1802 | RI | 1900-01 | $822,045 |
| 17 | Bar & Restaurant Service Inc, Bars | 120 Cleveland St, Wakefield, RI 02879-3313 | RI | 1999-03 | $30,364 |
| 18 | Barbara Ann Waldron Memorial Trust, 7-1419 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1988-11 | $174 |
| 19 | Barbara M Tufts Co-Operative Preschool | 1558 S County Trl, E Greenwich, RI 02818-1627 | RI | 2003-10 | $379,846 |
| 20 | Barbara S Fales Scholarship Fund Charitable Remainder Unitrust, Fleet National Bank Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 2005-08 | $284,811 |
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