Charles A Lyons 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
- Organizations performing similar types of work
| Charles A Lyons Trust | |
| Employer Identification Number (EIN) | 046012274 |
| Name of Organization | Charles A Lyons Trust |
| In Care of Name | Shawmut Bank |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Gifts, grants, or loans to other organizations, Aid to the handicapped (see also 031) |
| Subsection | Charitable Organization |
| Ruling Date | 07/1972 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $302,997 |
| Amount of Income | $368,179 |
| Form 990 Revenue Amount | $17,865 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Protestant |
Non-representatives - add comments:
Amount of income in 2013: $368,179 (it was $37,453 in 2012)
| Charles A Lyons Trust: | $368,179 |
| Other organizations performing similar types of work: | $577,726 |
Assets in 2013: $302,997 (it was $299,926 in 2012)
| Charles A Lyons Trust: | $302,997 |
| Other organizations performing similar types of work: | $993,253 |
Expenses in 2012: $17,187
| This organization: | $17,187 |
| Other organizations performing similar types of work: | $158,758 |
Income to expenses ratio in 2012: 21.4
| Charles A Lyons Trust: | 21.4 |
| Other organizations performing similar types of work: | 2.5 |
Grants share in income in 2012: 0.0%
| Charles A Lyons Trust: | 0.0% |
| Other organizations performing similar types of work: | 10.1% |
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 | $24,444 | $24,444 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $7,171 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-32 | |||
| Other | $17,305 | |||
| Total expenses and disbursements | $17,187 | $2,956 | $0 | $13,726 |
| Compensation of officers, directors, trustees, etc. | $4,567 | |||
| Total operating and administrative expenses | $6,283 | $2,956 | $2,822 | |
| Contributions, gifts, grants paid | $10,904 | |||
| Excess of revenue over expenses and disbursements | $7,257 | |||
| Net investment income | $21,488 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $299,926 | $305,061 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $298,182 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,744 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $299,926 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $17,305 |
| 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 | $430 |
| Total credits and payments | $300 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $300 |
| 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 | $0 |
| Tax due | $130 |
| 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? | 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 | $301,470 |
| Net value of noncharitable-use assets | $296,940 |
| Minimum investment return | $14,847 |
| Distributable Amount (for 2012) | |
| Distributable amount | $14,417 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $14,417 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $2,691 |
| 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 | Sargent Foundation For Episcopal Ministries | PO BOX 50581, Casper, WY 82605-0581 | WY | 1986-10 | $49,072,042 |
| 2 | Kathleen Mcgehee Trust | 1050 Riverside Ave, Jacksonville, FL 32204-4123 | FL | 1969-05 | $4,591,000 |
| 3 | United Methodist Foundation Of Indiana Inc | 8401 Fishers Center Dr, Fishers, IN 46038-2318 | IN | 1973-02 | $4,373,668 |
| 4 | Kansas Area United Methodist Foundation Inc | 100 E 1st Ave, Hutchinson, KS 67501-7109 | KS | 1964-09 | $2,979,213 |
| 5 | Harvest Ministries Inc | PO BOX 892345, Oklahoma City, OK 73189-2345 | OK | 1989-04 | $1,774,672 |
| 6 | Partners In Evangelism International | 5518 W Diversey Ave, Chicago, IL 60639-1302 | IL | 1985-07 | $1,407,876 |
| 7 | Ethel J Nims Charitable Trust A | 850 Main St 13th Fl, Bridgeport, CT 06604-4917 | CT | 1996-05 | $1,296,941 |
| 8 | Presbyterian Housing Foundation Of West Virginia Inc | 2335 N Bank Dr, Columbus, OH 43220-5423 | OH | 1992-03 | $978,016 |
| 9 | Joyce Robinson Foundation Inc | 10310 Dixie Hwy, Florence, KY 41042-3369 | KY | 1987-12 | $727,082 |
| 10 | Christian University Globalnet | 3000 Kraft Ave Se, Grand Rapids, MI 49512-2024 | MI | 1967-05 | $668,580 |
| 11 | Mary Bergen Estate Reformed Church Trus C-0616 | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1973-01 | $577,726 |
| 12 | Leadership Foundation Inc | 6625 Delmonico Dr, Colorado Spgs, CO 80919-1809 | CO | 1980-09 | $450,587 |
| 13 | Charles A Lyons Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1972-07 | $368,179 |
| 14 | Stephen Best Memorial Fund | 314 4th St, Logansport, IN 46947-3107 | IN | 1983-11 | $86,981 |
| 15 | W Forrey Char Tr Fbo Ebf Mem Fund | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1976-06 | $17,296 |
| 16 | Williams Chapel United Methodist Church Irrv Tr | C/O Tbt 1000 Us 231 South, Troy, AL 36081 | AL | 1997-06 | $8,426 |
| 17 | Financial Foundations For Living Ministry | Po Box 710160, Dallas, TX 75371 | TX | 1988-08 | $0 |
| 18 | Jackson-Miller Foundation Trust | 4345 Quay St, Wheat Ridge, CO 80033-4961 | CO | 1975-10 | $0 |
| 19 | Mt Zion Disciples Of Christ Church Inc | 323 Whitfield Dr, Goldsboro, NC 27530-4633 | NC | 1998-03 | $0 |
| 20 | San Andres Foundation | 2303 Tree Ln, Kingwood, TX 77339-1854 | TX | 1995-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||
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| Total | 27 | ||||||||||||||||||||||||||||||||||||||
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