Combined Townsend Fund 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
| Combined Townsend Fund | |
| Employer Identification Number (EIN) | 056007985 |
| Name of Organization | Combined Townsend Fund |
| In Care of Name | Fleet National Bank |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1974 |
| 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 | $18,329,822 |
| Amount of Income | $12,447,355 |
| Form 990 Revenue Amount | $1,110,605 |
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 | $2,080,209 | $2,073,287 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $426,431 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1,430 | |||
| Other | $1,652,348 | |||
| Total expenses and disbursements | $976,487 | $79,338 | $0 | $839,649 |
| Compensation of officers, directors, trustees, etc. | $91,332 | |||
| Total operating and administrative expenses | $174,671 | $79,338 | $37,833 | |
| Contributions, gifts, grants paid | $801,816 | |||
| Excess of revenue over expenses and disbursements | $1,103,722 | |||
| Net investment income | $1,993,949 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $16,807,904 | $17,920,412 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $1,734,151 | |
| Investments-corporate stock | $13,235,038 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,041,104 | |
| Other | $797,611 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $16,807,904 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,652,348 |
| 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 | $19,939 |
| Total credits and payments | $62,710 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $62,710 |
| 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 | $0 |
| Overpayment | $42,771 |
| Amount to be credited to 2013 estimated tax | $9,970 |
| 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 | $17,834,047 |
| Net value of noncharitable-use assets | $17,566,540 |
| Minimum investment return | $878,327 |
| Distributable Amount (for 2012) | |
| Distributable amount | $858,388 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $858,388 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $226,743 |
| 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 | Coggeshall Farm Museum Inc Coggeshall Lane | 1 Colt Dr, Bristol, RI 02809-1019 | RI | 1974-06 | $125,590 |
| 2 | College Venture Consortium | PO BOX 1838, Providence, RI 02901-1838 | RI | 1979-02 | $145,512 |
| 3 | Collette Foundation | 162 Middle St, Pawtucket, RI 02860-1013 | RI | 2007-07 | $476,269 |
| 4 | Colonel Stanley Reed Mcneil Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1994-04 | $4,858,682 |
| 5 | Colonial Theatre School Inc | PO BOX 191, Westerly, RI 02891-0191 | RI | 1985-08 | $110,061 |
| 6 | Columbia University Tr Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $616,883 |
| 7 | Columbian Realty Corporation Of Cr Anston | 1047 Park Ave, Cranston, RI 02910-3238 | RI | 1988-12 | $88,881 |
| 8 | Columbian-American Cultural Society Inc | PO BOX 117, Central Falls, RI 02863 | RI | 1998-11 | $39,197 |
| 9 | Columbus Club Of Barrington | PO BOX 15103, Riverside, RI 02915-0103 | RI | 1995-10 | $37,956 |
| 10 | Columbus Credit Union Inc | 560 Main St, Warren, RI 02885-4383 | RI | 1988-08 | $3,489,982 |
| 11 | Combined Townsend Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1974-06 | $12,447,355 |
| 12 | Combo Arts | 7 Old West Wrentham Rd, Cumberland, RI 02864-1012 | RI | 2005-08 | $9,100 |
| 13 | Comity Club Oration Prize Contest Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1989-02 | $640 |
| 14 | Common Fence Music Company | PO BOX 4176, Middletown, RI 02842-0176 | RI | 2003-03 | $91,767 |
| 15 | Common Fence Point Improvement Association | PO BOX 134, Portsmouth, RI 02871-0134 | RI | 2003-03 | $24,564 |
| 16 | Communication Workers Of America, 31041 Providence Newspaper Guild Tn | 270 Westminster St Ste 2, Providence, RI 02903-3433 | RI | 1950-11 | $298,710 |
| 17 | Community 2000 Education Foundation | PO BOX 1161, Charlestown, RI 02813-0903 | RI | 2000-07 | $209,241 |
| 18 | Community Action And Development Inc | 311 Doric Ave, Cranston, RI 02913 | RI | 1994-05 | $227 |
| 19 | Community Boating Center Inc | PO BOX 5849, Providence, RI 02903-0849 | RI | 1993-04 | $395,306 |
| 20 | Community Center Of Grupo Amigos Da Terceira Inc | PO BOX 1D02, Pawtucket, RI 02862 | RI | 1999-08 | $561,676 |
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