Derby Neck Library Fbo Osborne Wf 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
| Derby Neck Library Fbo Osborne Wf | |
| Employer Identification Number (EIN) | 066038208 |
| Name of Organization | Derby Neck Library Fbo Osborne Wf |
| In Care of Name | Bank Of America |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 04/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,493,764 |
| Amount of Income | $1,125,946 |
| Form 990 Revenue Amount | $88,543 |
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 | $88,543 | $88,522 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $44,865 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $43,678 | |||
| Total expenses and disbursements | $65,739 | $9,643 | $0 | $56,096 |
| Compensation of officers, directors, trustees, etc. | $15,291 | |||
| Total operating and administrative expenses | $17,059 | $9,643 | $7,416 | |
| Contributions, gifts, grants paid | $48,680 | |||
| Excess of revenue over expenses and disbursements | $22,804 | |||
| Net investment income | $78,879 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,471,434 | $1,492,698 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,411,425 | |
| Other | $60,009 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,471,434 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $43,678 |
| 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 | $1,578 |
| Total credits and payments | $2,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $2,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $422 |
| Amount to be credited to 2013 estimated tax | $422 |
| 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)? | Yes |
| 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 | $1,468,852 |
| Net value of noncharitable-use assets | $1,446,820 |
| Minimum investment return | $72,341 |
| Distributable Amount (for 2012) | |
| Distributable amount | $70,763 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $70,763 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $14,667 |
| 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 | Cleaning For Heroes | 221b Hallene Rd, Warwick, RI 02886 | RI | 2010-08 | $0 |
| 2 | Columbus Club Of East Providence | 3200 Pawtucket Ave, Riverside, RI 02915-5107 | RI | 1984-04 | $85,514 |
| 3 | Commercial Fisheries Research Foundation Inc | East Farm Campus, Saunderstown, RI 02874 | RI | 2008-12 | $697,264 |
| 4 | Cowden Street Collaborative, Segue Institute For Learning | 361 Cowden St, Central Falls, RI 02863-2145 | RI | 2010-06 | $3,667,397 |
| 5 | Dabrowski-Blind Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 2011-05 | $105,484 |
| 6 | Dewaters Memorial Trust 215 08839 04f | PO BOX 1802, Providence, RI 02901-1802 | RI | $244,732 | |
| 7 | Doree Taylor Charitable Fdn | PO BOX 1802, Providence, RI 02901-1802 | RI | 2011-05 | $9,578,942 |
| 8 | Elinore M Horner Charitable Tr A, 1150516009 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2011-05 | $138,722 |
| 9 | Cutler St Pauls Church Trust 20834 Nect | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $302,116 |
| 10 | Darlene A Hermes Nimcrut, Grennan Iii Thomas J Ttee | 748 Middlebridge Rd, Wakefield, RI 02879-7144 | RI | $1,346 | |
| 11 | Derby Neck Library Fbo Osborne Wf | PO BOX 1802, Providence, RI 02901-1802 | RI | $1,125,946 | |
| 12 | Desiree Mesolella Memorial Art Scholarship Fund Inc | 4 Fox Pl, Providence, RI 02903-1053 | RI | 2010-06 | $71,501 |
| 13 | Disabled American Veterans | 162 King Phillip Street, Poertsmouth, RI 02871 | RI | 1942-06 | $193,473 |
| 14 | Disabled Sports Usa, Access2 Adventure | 15 Jacqueline Way, Tiverton, RI 02878-2782 | RI | 1976-10 | $45,750 |
| 15 | Donroe E Parker Tr Uw 124-10192078 | PO BOX 1802, Providence, RI 02901-1802 | RI | $249,518 | |
| 16 | Dutch Island Lighthouse Society | 58 Collation Circle, North Kingstown, RI 02852 | RI | 2011-03 | $25,447 |
| 17 | East Bay Food Pantry | 150 Franklin St, Bristol, RI 02809-3300 | RI | 2009-11 | $350,766 |
| 18 | East Providence Mens Softball League | 61 Unity Ave, E Providence, RI 02914-3331 | RI | 2010-07 | $13,527 |
| 19 | Education In Action | 35 Swiss St, Providence, RI 02909-1513 | RI | 2009-03 | $649,558 |
| 20 | Educational Advocates Of Ri Inc | 215 Washington St, West Warwick, RI 02893-5017 | RI | 2009-07 | $58,994 |
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