Harold B Walker Charity Trust, Sbna & Harold B Walker Ttees 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
- Organizations performing similar types of work
| Harold B Walker Charity Trust, Sbna & Harold B Walker Ttees | |
| Employer Identification Number (EIN) | 046633929 |
| Name of Organization | Harold B Walker Charity Trust |
| Secondary Name | Sbna & Harold B Walker Ttees |
| In Care of Name | Fleet Private Clients Group |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 10/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $507,105 |
| Amount of Income | $577,884 |
| Form 990 Revenue Amount | $33,909 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $577,884 (it was $107,203 in 2012)
| Harold B Walker Charity Trust, Sbna & Harold B Walker Ttees: | $577,884 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2013: $507,105 (it was $497,545 in 2012)
| This organization: | $507,105 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2012: $28,991
| Harold B Walker Charity Trust, Sbna & Harold B Walker Ttees: | $28,991 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2012: 19.9
| Harold B Walker Charity Trust, Sbna & Harold B Walker Ttees: | 19.9 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2012: 0.0%
| Harold B Walker Charity Trust, Sbna & Harold B Walker Ttees: | 0.0% |
| Other organizations performing similar types of work: | 9.0% |
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 | $32,145 | $32,145 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $12,120 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $11 | |||
| Other | $20,014 | |||
| Total expenses and disbursements | $28,991 | $5,227 | $0 | $23,189 |
| Compensation of officers, directors, trustees, etc. | $8,273 | |||
| Total operating and administrative expenses | $9,991 | $5,227 | $4,189 | |
| Contributions, gifts, grants paid | $19,000 | |||
| Excess of revenue over expenses and disbursements | $3,154 | |||
| Net investment income | $26,918 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $497,545 | $501,398 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $464,394 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $33,151 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $497,545 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $20,014 |
| 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 | $538 |
| Total credits and payments | $602 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $602 |
| 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 | $64 |
| Amount to be credited to 2013 estimated tax | $64 |
| 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 | $496,590 |
| Net value of noncharitable-use assets | $489,140 |
| Minimum investment return | $24,457 |
| Distributable Amount (for 2012) | |
| Distributable amount | $23,919 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $23,919 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $19,201 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | The@george F And Elsie Barnard Hodder Classical Music Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1999-11 | $2,566,313 |
| 5 | Unap Education Fund | 375 Branch Ave, Providence, RI 02904-2542 | RI | 2005-06 | $735,633 |
| 6 | Read To Succeed Inc | 175 Hillside Rd, Cranston, RI 02920-5602 | RI | 2009-07 | $581,814 |
| 7 | Clarence J Osborne Scholarship Foundation Inc | 125 Sackett St, Providence, RI 02907 | RI | 2000-06 | $468,410 |
| 8 | Star Kids Scholarship Program | 31 John Clarke Rd, Middletown, RI 02842-5641 | RI | 2010-03 | $445,611 |
| 9 | The Rev Joseph Mcgarry Memorial Scholarship Trust | 42 Granite St, Westerly, RI 02891-2250 | RI | 2014-05 | $291,363 |
| 10 | Scholarships To Economically Poorstudents, Steps | 143 Prairie Avenue, Providence, RI 02905-2416 | RI | 2007-03 | $272,944 |
| 11 | Middletown Rotary Charitable Tr | PO BOX 4258, Middletown, RI 02842 | RI | 1999-04 | $194,822 |
| 12 | Stephanie Kamenski Trust Uw 01-085315 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2011-02 | $187,015 |
| 13 | The Evan Spirito Memorial Foundation | PO BOX 326, Providence, RI 02912-0200 | RI | 2013-07 | $182,497 |
| 14 | Raymond Scholarship Fund Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 2003-01 | $176,354 |
| 15 | The Walter B Ford Science Scholarship Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1999-04 | $172,236 |
| 16 | Achievement For Children With Challenges Empowered By School Sch | 215 Ferris Ave, Rumford, RI 02916-1033 | RI | 2010-02 | $157,444 |
| 17 | Walter L Moore Scholarship Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 2003-11 | $144,181 |
| 18 | Lucy L Tasher Fund 21-6006-20-5 Lasalle National Bank Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 2010-10 | $116,125 |
| 19 | Jospehine Bihaly Charitable Tr Ua, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | 2011-05 | $112,072 |
| 20 | Rhode Island Dental Foundation | 875 Centerville Rd Unit 4 # 12, Warwick, RI 02886-4366 | RI | 2001-08 | $97,390 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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