Dragonfly Development Resources Inc 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
| Dragonfly Development Resources Inc | |
| Employer Identification Number (EIN) | 043556913 |
| Name of Organization | Dragonfly Development Resources Inc |
| In Care of Name | H Sinclair Sherrill |
| Address | 321 South Main Street, Providence, RI 02903-7108 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| 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 | $129,203 |
| Amount of Income | $156,805 |
| Form 990 Revenue Amount | $143,484 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Nonmonetary Support (Not Elsewhere Classified) |
Non-representatives - add comments:
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 | $204,500 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $204,500 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $170,714 | $0 | $0 | $17,755 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $170,414 | $0 | $17,455 | |
| Contributions, gifts, grants paid | $300 | |||
| Excess of revenue over expenses and disbursements | $33,786 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $160,473 | $160,473 |
| Cash - non-interest-bearing | $157,923 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $2,550 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $160,473 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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? | 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? | 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 | $150,077 |
| Net value of noncharitable-use assets | $147,820 |
| Minimum investment return | $7,391 |
| Distributable Amount (for 2012) | |
| Distributable amount | $7,391 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $7,391 |
| 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 | $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 | Watch Hill Business Organization | PO BOX 2263, Westerly, RI 02891-0921 | RI | 2012-01 | $19,481 |
| 2 | West Elmwood Neighbor Works Home Ownership Center Inc | 224 Dexter St, Providence, RI 02907-2413 | RI | 2011-10 | $188,572 |
| 3 | Westerly Area Youth Lacrosse | PO BOX 2058, Westerly, RI 02891 | RI | 2011-02 | $24,758 |
| 4 | William Winsor Parent Teacher Organization | 562 Putnam Pike, Greenville, RI 02828-2126 | RI | 2012-02 | $43,213 |
| 5 | The World War Ii Foundation | 333 White Horn Dr, Kingston, RI 02881-1835 | RI | 2011-03 | $631,214 |
| 6 | Yellow Brick Pathways Towards Employment Inc | 101 Regent Ave, Providence, RI 02908-5430 | RI | 2011-04 | $137,019 |
| 7 | Arbor Hill Assisted Living | 30 Alexander Ave, E Providence, RI 02914-2309 | RI | 2011-08 | $1,005,988 |
| 8 | Ayersfoundation | 6 Haversham Rd, Westerly, RI 02891-4602 | RI | 2012-02 | $44,493 |
| 9 | Creda Heppe Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 2012-06 | $244,179 |
| 10 | Coventry Youth Lacrosse Association Inc | PO BOX 1312, Coventry, RI 02816 | RI | 2012-03 | $25,757 |
| 11 | Dragonfly Development Resources Inc | 321 South Main Street, Providence, RI 02903-7108 | RI | 2001-12 | $156,805 |
| 12 | Edmund Rice 1638 Assoc Inc | 201 Old Post Rd, Wakefield, RI 02879 | RI | 1976-10 | $9,639 |
| 13 | Friends Of@bnai Israel Cemetery | 20 Newman Avenue, Rumford, RI 02916-1960 | RI | 2012-01 | $157,206 |
| 14 | Landmark Health Foundation | 196 Cass Ave, Woonsocket, RI 02895-4712 | RI | 1992-04 | $78,464 |
| 15 | Living Supplies Closet Inc, Living Supplies Closet | 7 Elm St, Westerly, RI 02891-2125 | RI | 2011-12 | $29,218 |
| 16 | Narragansett Tree Society | Po Box 3145, Narragansett, RI 02882 | RI | 2000-10 | $2,845 |
| 17 | Providence Neighborhood Community Center Association Inc | 42 Jillson Street, Providrence, RI 02905 | RI | 1993-04 | $9,000 |
| 18 | Rhode Island Center For Freedom And Prosperity | PO BOX 10069, Cranston, RI 02910-0098 | RI | 2012-01 | $299,574 |
| 19 | Riafc Foundation | PO BOX 6041, Providence, RI 02940-6041 | RI | 2012-04 | $1,135,988 |
| 20 | Sowams School Pt Organization | 364 Sowams Road, Barrington, RI 02806 | RI | 2003-08 | $44,584 |
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