Fred Harris Daniels Foundation 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
| Fred Harris Daniels Foundation Inc | |
| Employer Identification Number (EIN) | 046014333 |
| Name of Organization | Fred Harris Daniels Foundation Inc |
| In Care of Name | Mechanics Bank Trust Dept |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Gifts, grants, or loans to other organizations, Gifts or grants to individuals (other than scholarships), Loans or credit reporting |
| Subsection | Charitable Organization |
| Ruling Date | 02/1951 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $15,303,968 |
| Amount of Income | $5,278,492 |
| Form 990 Revenue Amount | $610,699 |
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 | $1,028,046 | $1,014,026 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $437,173 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $12,770 | |||
| Other | $578,103 | |||
| Total expenses and disbursements | $1,404,792 | $135,637 | $0 | $1,243,055 |
| Compensation of officers, directors, trustees, etc. | $69,275 | |||
| Total operating and administrative expenses | $232,292 | $135,637 | $70,555 | |
| Contributions, gifts, grants paid | $1,172,500 | |||
| Excess of revenue over expenses and disbursements | $-376,746 | |||
| Net investment income | $878,389 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $15,344,897 | $18,913,351 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $3,200,000 | |
| Investments-corporate stock | $11,275,788 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $869,109 | |
| Total liabilities | $1,425,000 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,425,000 | |
| Total liabilities and net assets/fund balances | $13,919,897 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $578,103 |
| 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 | $8,784 |
| Total credits and payments | $31,216 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $31,216 |
| 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 | $22,432 |
| Amount to be credited to 2013 estimated tax | $22,432 |
| 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 | $18,992,734 |
| Net value of noncharitable-use assets | $18,707,840 |
| Minimum investment return | $935,392 |
| Distributable Amount (for 2012) | |
| Distributable amount | $926,608 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $926,608 |
| 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 | Fraternal Order Of Police, 404 | 242 Clinton St, Woonsocket, RI 02895-3215 | RI | 1952-10 | $117,759 |
| 2 | Fraternal Order Of Police, 7 Warwick Lodge | PO BOX 7241, Warwick, RI 02887-7241 | RI | 1972-11 | $204,731 |
| 3 | Fraternal Order Of Police, 38 Rhode Island Deputy Sheriffs Lod | PO BOX 1383, Providence, RI 02901-1383 | RI | 1952-10 | $4,608 |
| 4 | Fraternity Managers Association Of The University Of Rhode Island | 34 Lower College Rd, Kingston, RI 02881-1308 | RI | 1982-05 | $215,364 |
| 5 | Fred & Ruth Quick Scholarship Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1967-07 | $38,587 |
| 6 | Fred A & Matilda Deland Tr No 02507 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $91,944 |
| 7 | Fred C Snyder Education Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1989-04 | $200,608 |
| 8 | Fred F Klinck B O Memorial Fund, No Rstar Trust Co | PO BOX 1802, Providence, RI 02901-1802 | RI | $38,302 | |
| 9 | Fred Forsyth Educational Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 2011-03 | $445,656 |
| 10 | Fred Hall U-W Fbo St Raphael Hosp 137-1043546010 | PO BOX 1802, Providence, RI 02901-1802 | RI | $388,123 | |
| 11 | Fred Harris Daniels Foundation Inc | PO BOX 1802, Providence, RI 02901-1802 | RI | 1951-02 | $5,278,492 |
| 12 | Fred L Dake Tr U W 05031000 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1986-12 | $1,359,665 |
| 13 | Fred L Drew Trust Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | $78,675 | |
| 14 | Fred L Murray Irrv Tr Ua | PO BOX 1802, Providence, RI 02901-1802 | RI | 1999-12 | $112,363 |
| 15 | Fred L Robbins Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1983-10 | $160,169 |
| 16 | Fred M & Ora H Everett Charitable Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1974-04 | $736,553 |
| 17 | Fred M Seed Fdn | C/O Astra Ventures Inc 42 Ladd St, East Greenwich, RI 02818 | RI | 1962-02 | $460,167 |
| 18 | Fred R Carstensen Trust Fbo Cong | PO BOX 1802, Providence, RI 02901-1802 | RI | $146,287 | |
| 19 | Fred W Forsyth Tr Fbo Wood Memorial American Leprosy Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | $116,243 | |
| 20 | Fred W Forsythe Trust Fbo, Castine Community Hospital | PO BOX 1802, Providence, RI 02901-1802 | RI | 1982-09 | $109,803 |
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