Grace E Brooks Trust 1-0706, Bankboston Na 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
| Grace E Brooks Trust 1-0706, Bankboston Na | |
| Employer Identification Number (EIN) | 046446179 |
| Name of Organization | Grace E Brooks Trust 1-0706 |
| Secondary Name | Bankboston Na |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,812,995 |
| Amount of Income | $407,998 |
| Form 990 Revenue Amount | $60,250 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
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 | $84,646 | $84,646 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $52,727 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $31,919 | |||
| Total expenses and disbursements | $113,516 | $12,127 | $0 | $100,165 |
| Compensation of officers, directors, trustees, etc. | $19,462 | |||
| Total operating and administrative expenses | $22,016 | $12,127 | $8,665 | |
| Contributions, gifts, grants paid | $91,500 | |||
| Excess of revenue over expenses and disbursements | $-28,870 | |||
| Net investment income | $72,519 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,781,127 | $2,033,677 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,737,772 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $43,355 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,781,127 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $31,919 |
| 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 | $1,450 |
| Total credits and payments | $1,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,000 |
| 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 | $450 |
| 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 | $2,074,597 |
| Net value of noncharitable-use assets | $2,043,480 |
| Minimum investment return | $102,174 |
| Distributable Amount (for 2012) | |
| Distributable amount | $100,724 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $100,724 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $90,548 |
| 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 | Golf Course Managers Association Of Cape Cod | 36 Elisha Mathewson Rd, N Scituate, RI 02857-1143 | RI | 1988-11 | $117,291 |
| 2 | Button Hole | 1 Buttonhole Dr, Providence, RI 02909-5750 | RI | 1998-08 | $673,135 |
| 3 | Goodwill Industries Of Rhode Island, Goodwill Industries Of Ri | 100 Houghton St, Providence, RI 02904-1013 | RI | 1943-09 | $2,795,476 |
| 4 | Gordon School | 45 Maxfield Ave, E Providence, RI 02914-4226 | RI | 1944-12 | $13,583,256 |
| 5 | Grace B Ross Tr Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | $85,594 | |
| 6 | Grace C Jordan Trust U/I | PO BOX 1802, Providence, RI 02901-1802 | RI | 1979-09 | $3,112,477 |
| 7 | Grace C Stebbins 1977 Trust Nect | PO BOX 1802, Providence, RI 02901-1802 | RI | 1978-06 | $769,179 |
| 8 | Grace C Stebbins Charitable Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1977-11 | $2,752,175 |
| 9 | Grace Church Housing Corporation | 280 Washington Street, Providence, RI 02903-3625 | RI | 1978-03 | $8,498,615 |
| 10 | Grace E Atkins B/O Charities | PO BOX 1802, Providence, RI 02901-1802 | RI | 1972-07 | $576,346 |
| 11 | Grace E Brooks Trust 1-0706, Bankboston Na | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-03 | $407,998 |
| 12 | Grace H Humphrey Residuary Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1972-04 | $342,571 |
| 13 | Grace Hewett Charitable Tr 0002803610-323 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2001-12 | $176,772 |
| 14 | Grace Holcomb Humphrey Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1972-04 | $74,144 |
| 15 | Grace L Carver Scholarship Fund Nect | PO BOX 1802, Providence, RI 02901-1802 | RI | 1976-10 | $13,835 |
| 16 | Grace M Edwards Trust U/W 2-1246 Nect | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $969,867 |
| 17 | Grace Noyes B-O 7 Charities Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | $468,222 | |
| 18 | Grace Protestnt Episcpl Chrch Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | $282,882 | |
| 19 | Grace Robertson Trust Uw Fbo, Manchester Mem | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $68,305 |
| 20 | Grace Voorhees Lazarus Trust Uw 21705 013174 Fbo First United | PO BOX 1802, Providence, RI 02901-1802 | RI | 2014-06 | $30,707 |
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