J Emma Gray Trust 40-0000180 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
| J Emma Gray Trust 40-0000180 | |
| Employer Identification Number (EIN) | 046021061 |
| Name of Organization | J Emma Gray Trust 40-0000180 |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1975 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $6,814,373 |
| Amount of Income | $2,430,474 |
| Form 990 Revenue Amount | $624,258 |
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 | $804,547 | $801,974 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $156,467 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $98 | |||
| Other | $647,982 | |||
| Total expenses and disbursements | $422,485 | $23,706 | $0 | $388,840 |
| Compensation of officers, directors, trustees, etc. | $34,659 | |||
| Total operating and administrative expenses | $48,969 | $23,706 | $15,324 | |
| Contributions, gifts, grants paid | $373,516 | |||
| Excess of revenue over expenses and disbursements | $382,062 | |||
| Net investment income | $778,268 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $7,011,605 | $7,122,021 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $5,987,941 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $560,563 | |
| Other | $463,101 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $7,011,605 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $647,982 |
| 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 | $15,565 |
| Total credits and payments | $15,874 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $15,874 |
| 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 | $309 |
| Amount to be credited to 2013 estimated tax | $309 |
| 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 | $7,038,520 |
| Net value of noncharitable-use assets | $6,932,940 |
| Minimum investment return | $346,647 |
| Distributable Amount (for 2012) | |
| Distributable amount | $331,082 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $331,082 |
| 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 | Island Arts Center Inc | 107 Clock Tower Sq, Portsmouth, RI 02871-1396 | RI | 1994-05 | $20,000 |
| 2 | Island Moving Company | PO BOX 746, Newport, RI 02840-0007 | RI | 1985-04 | $572,141 |
| 3 | Israel Grody Family Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1964-11 | $68,172 |
| 4 | Italian Workingmens Club Corp | 947 Diamond Hill Rd, Woonsocket, RI 02895-1459 | RI | 1995-12 | $307,727 |
| 5 | Italo American Charitable Trust Association | 477 Broadway, Providence, RI 02909 | RI | 1996-04 | $0 |
| 6 | Italo-American Foundation For Medical Education | 205 Airport Rd, Warwick, RI 02889-1029 | RI | 1992-07 | $849 |
| 7 | J And E Gifford Memorial Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | $134,114 | |
| 8 | J Arthur Trudeau Memorial Center | 3445 Post Rd, Warwick, RI 02886-7147 | RI | 1965-04 | $26,560,423 |
| 9 | J B Murphy Trust | 10 Tripps Ln, Riverside, RI 02915-3014 | RI | 1951-06 | $20,383 |
| 10 | J Ellsworth Macdonnell Charitable Tr Ua | PO BOX 1802, Providence, RI 02901-1802 | RI | $339,567 | |
| 11 | J Emma Gray Trust 40-0000180 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1975-02 | $2,430,474 |
| 12 | J Frazier Uw For Salem Hosp | PO BOX 1802, Providence, RI 02901-1802 | RI | $508,469 | |
| 13 | J Gordon Gill Trust Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | 1980-08 | $860 |
| 14 | J J Hurley Fund A Camp | PO BOX 1802, Providence, RI 02901-1802 | RI | $53,354 | |
| 15 | J J Hurley Fund B | PO BOX 1802, Providence, RI 02901-1802 | RI | 1973-02 | $44,516 |
| 16 | J M Linton Trust 557052 Fbo Berkeley Div Scholarship | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $38,668 |
| 17 | J M Linton Trust Fbo Mal School, New Connecticut Bank & Trust Co Na | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $925 |
| 18 | J Mabel Lum Trust Uw 30-6090195 | PO BOX 1802, Providence, RI 02901-1802 | RI | $104,431 | |
| 19 | J Macnair Charitable Tr Uw 400-4538504 | PO BOX 1802, Providence, RI 02901-1802 | RI | $324,413 | |
| 20 | J N Hazard Memorial Fund 32418006 | PO BOX 1802, Providence, RI 02901-1802 | RI | $93,510 | |
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