Hope Foundation 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
| Hope Foundation | |
| Employer Identification Number (EIN) | 056006366 |
| Name of Organization | Hope Foundation |
| Address | 50 S Main St, Providence, RI 02903-2919 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1962 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,503,435 |
| Amount of Income | $664,732 |
| Form 990 Revenue Amount | $113,584 |
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 | $199,120 | $195,608 | $0 | |
| Contributions, gifts, grants, etc., received | $3,512 | |||
| Interest on savings and temporary cash investments | $55,011 | |||
| Dividends and interest from securities | $46,651 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $405 | |||
| Other | $93,541 | |||
| Total expenses and disbursements | $189,271 | $20,901 | $0 | $162,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $27,271 | $20,901 | $0 | |
| Contributions, gifts, grants paid | $162,000 | |||
| Excess of revenue over expenses and disbursements | $9,849 | |||
| Net investment income | $174,707 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,452,177 | $3,413,186 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,160,288 | |
| Investments-corporate bonds | $1,167,330 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $124,559 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,452,177 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $93,541 |
| 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 | $3,494 |
| Total credits and payments | $2,080 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,080 |
| 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 | $1,414 |
| 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 | $3,487,516 |
| Net value of noncharitable-use assets | $3,435,200 |
| Minimum investment return | $171,760 |
| Distributable Amount (for 2012) | |
| Distributable amount | $168,266 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $168,266 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $57,699 |
| 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 | Holy Order Of Cherubim And Seraphim Church Inc, Mount Zion | PO BOX 40033, Providence, RI 02940-0033 | RI | 1994-09 | $59,704 |
| 2 | Holy Sepulchre Commandry 35422005, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | $722,271 | |
| 3 | Home & Hospice Care Of Rhode Island | 1085 N Main St, Providence, RI 02904-5719 | RI | 1976-07 | $32,166,908 |
| 4 | Home For The Aged 25788001 Tr Uw Frank B Hazard, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | $168,377 | |
| 5 | Home Loan Foundation Tr, Brian J Murphy Et Al Ttee | 1 Home Loan Plz Ste 3, Warwick, RI 02886-1764 | RI | 2007-10 | $334,852 |
| 6 | Homeless Ecumenical Leadership Program Inc | 17 N Country Club Dr, Warwick, RI 02888-4462 | RI | 1992-01 | $62,154 |
| 7 | Hope Alzheimers Center | 25 Brayton Ave, Cranston, RI 02920-3336 | RI | 1995-01 | $982,501 |
| 8 | Hope And Jackson Fire Company | PO BOX 201, Hope, RI 02831-0201 | RI | 1989-06 | $159,353 |
| 9 | Hope Associates | PO BOX 416, Hope, RI 02831-0416 | RI | 1985-02 | $27,787 |
| 10 | Hope Club Preservation Fund | 10 Weybosset St Ste 1000, Providence, RI 02903-2825 | RI | 2004-04 | $2,006 |
| 11 | Hope Foundation | 50 S Main St, Providence, RI 02903-2919 | RI | 1962-12 | $664,732 |
| 12 | Hope Funds For Cancer Research | 174 Bellevue Ave Ste 208, Newport, RI 02840-3582 | RI | 2007-01 | $898,954 |
| 13 | Hope Goddard Iselin Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1972-01 | $789,757 |
| 14 | Hope Highlands School Pto | 300 Hope Rd, Cranston, RI 02921 | RI | 2009-03 | $75,450 |
| 15 | Hope Library Association | 374 North Rd, Hope, RI 02831-1245 | RI | 1986-02 | $299,655 |
| 16 | Hope Renewed Realty Corporation | 224 Dexter St, Providence, RI 02907-2413 | RI | 2004-07 | $60,127 |
| 17 | Hope Research Center Inc | 3 Shadowbrook Ln Apt F, Smithfield, RI 02917 | RI | 2003-07 | $1 |
| 18 | Hope Valley Ambulance Squad Inc | PO BOX 205, Hope Valley, RI 02832-0205 | RI | 1975-05 | $592,448 |
| 19 | Hopkins Hill Road Fire Department | 1 Bestwick Trl, Coventry, RI 02816-6061 | RI | 1996-08 | $1,591,054 |
| 20 | Hopkinton Housing Association Inc | 825 Main St, Hope Valley, RI 02832-1923 | RI | 1983-03 | $11 |
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