Cornelius A & Muriel P Wood Charity 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
| Cornelius A & Muriel P Wood Charity Fund | |
| Employer Identification Number (EIN) | 046010266 |
| Name of Organization | Cornelius A & Muriel P Wood Charity Fund |
| In Care of Name | 1st Natl Bk Bos |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Preservation of natural resources (conservation), Other school related activities, Emergency or disaster aid fund |
| Subsection | Charitable Organization |
| Ruling Date | 04/1958 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,153,447 |
| Amount of Income | $980,677 |
| Form 990 Revenue Amount | $83,468 |
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 | $106,355 | $106,355 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $39,826 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $66,529 | |||
| Total expenses and disbursements | $82,587 | $6,704 | $0 | $75,283 |
| Compensation of officers, directors, trustees, etc. | $10,895 | |||
| Total operating and administrative expenses | $12,587 | $6,704 | $5,283 | |
| Contributions, gifts, grants paid | $70,000 | |||
| Excess of revenue over expenses and disbursements | $23,768 | |||
| Net investment income | $99,651 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,194,568 | $1,600,213 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,108,729 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $85,839 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,194,568 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $66,529 |
| 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 | $1,993 |
| Total credits and payments | $1,612 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,612 |
| 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 | $381 |
| 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 | $1,610,145 |
| Net value of noncharitable-use assets | $1,586,000 |
| Minimum investment return | $79,300 |
| Distributable Amount (for 2012) | |
| Distributable amount | $77,307 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $77,307 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $72,735 |
| 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 | Construction Industries Of Rhode Island | 615 Jefferson Blvd, Warwick, RI 02886-1357 | RI | 1976-03 | $31,008 |
| 2 | Consumers Water Co | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-11 | $653,322 |
| 3 | Continental Dorset Club Inc | PO BOX 506, N Scituate, RI 02857-0506 | RI | 1952-04 | $154,073 |
| 4 | Convalescent Hospital Child Uw Ajc | PO BOX 1802, Providence, RI 02901-1802 | RI | 1983-01 | $218,854 |
| 5 | Cookie Place Inc | 280 Washington St, Providence, RI 02903-3625 | RI | 1982-08 | $237,427 |
| 6 | Cooper Foundation For Neurologic Research And Education | PO BOX 1802, Providence, RI 02901-1802 | RI | 1958-07 | $245,676 |
| 7 | Cora T Clements Tr 01749 | PO BOX 1802, Providence, RI 02901-1802 | RI | $162,018 | |
| 8 | Corinne & Victor Rice Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1996-06 | $185,984 |
| 9 | Cornelia Jaynes Trust Ua 1150207003 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1976-09 | $37,010 |
| 10 | Cornelia L Vogel Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1900-01 | $196,996 |
| 11 | Cornelius A & Muriel P Wood Charity Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1958-04 | $980,677 |
| 12 | Cornelius L King Tr Fdn Ud 26502500 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2005-03 | $70,459 |
| 13 | Cornell University Trust Uw 01043504 | PO BOX 1802, Providence, RI 02901-1802 | RI | $87,078 | |
| 14 | Cornerstone Adult Services | 140 Warwick Neck Ave, Warwick, RI 02889-5308 | RI | 1975-11 | $2,209,128 |
| 15 | Cornerstone Charitable Foundation Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 1955-03 | $671,482 |
| 16 | Corporation 67 | PO BOX 19549, Johnston, RI 02919-0549 | RI | 2012-11 | $170,677 |
| 17 | Cottrell Credit Union | 87a Main St, Westerly, RI 02891-2163 | RI | 1987-12 | $147,367 |
| 18 | Cottrell Pier Association Inc | PO BOX 514, Jamestown, RI 02835-0514 | RI | 1983-06 | $44,265 |
| 19 | Palen-Klar Uw Schisp Fd | PO BOX 1802, Providence, RI 02901-1802 | RI | 1951-06 | $222,323 |
| 20 | Court D C No 212 Irrev Trust 02131, American Security & Trust Co Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | $81,998 | |
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