James P Shea And Mary E Shea Perpetual Trust 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
| James P Shea And Mary E Shea Perpetual Trust | |
| Employer Identification Number (EIN) | 066029604 |
| Name of Organization | James P Shea And Mary E Shea Perpetual Trust |
| In Care of Name | Fleet Trust Company |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Subsection | Charitable Organization |
| Ruling Date | 09/1996 |
| 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 | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,128,161 |
| Amount of Income | $4,748,645 |
| Form 990 Revenue Amount | $723,727 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $4,748,645 (it was $2,130,702 in 2012)
| This organization: | $4,748,645 |
| Other organizations performing similar types of work: | $153,770 |
Assets in 2013: $4,128,161 (it was $4,105,624 in 2012)
| This organization: | $4,128,161 |
| Other organizations performing similar types of work: | $516,948 |
Expenses in 2012: $212,660
| This organization: | $212,660 |
| Other organizations performing similar types of work: | $60,348 |
Income to expenses ratio in 2012: 22.3
| James P Shea And Mary E Shea Perpetual Trust: | 22.3 |
| Other organizations performing similar types of work: | 2.2 |
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 | $149,951 | $149,901 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $108,829 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $41,122 | |||
| Total expenses and disbursements | $212,660 | $16,519 | $0 | $183,395 |
| Compensation of officers, directors, trustees, etc. | $26,195 | |||
| Total operating and administrative expenses | $42,560 | $16,519 | $13,295 | |
| Contributions, gifts, grants paid | $170,100 | |||
| Excess of revenue over expenses and disbursements | $-62,709 | |||
| Net investment income | $133,382 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,105,624 | $4,106,648 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $3,687,240 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $418,384 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,105,624 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $41,122 |
| 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 | $2,668 |
| Total credits and payments | $7,100 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $7,100 |
| 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 | $4,432 |
| Amount to be credited to 2013 estimated tax | $1,334 |
| 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 | $4,051,353 |
| Net value of noncharitable-use assets | $3,990,580 |
| Minimum investment return | $199,529 |
| Distributable Amount (for 2012) | |
| Distributable amount | $196,861 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $196,861 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $44,380 |
| 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 | The Wallace Research Foundation | Attn Kay Hegarty 221 Third Ave Se, Cedar Rapids, IA 52401-1522 | IA | 1996-05 | $44,138,975 |
| 2 | Trimix Foundation | 50 Park Row W Ste 113, Providence, RI 02903-1114 | RI | 1997-05 | $23,588,272 |
| 3 | Russell Grinnell Memorial Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-10 | $13,669,625 |
| 4 | Wcp Foundation | 9 W 57th St, New York, NY 10019-2701 | NY | 1998-08 | $13,302,553 |
| 5 | Sage Foundation Inc | 16 Khakum Dr, Greenwich, CT 06831-3727 | CT | 1997-09 | $11,763,440 |
| 6 | Rothfeld Family Foundation Inc | 156 5th Ave Ste 904, New York, NY 10010-7762 | NY | 1998-02 | $9,649,897 |
| 7 | The Robert P And Arlene R Kogod Family Foundation | 2345 Crystal Drive 11th Floor, Arlington, VA 22202-4801 | VA | 1996-10 | $8,219,766 |
| 8 | Theodore Cross Family Charitable Foundation | 100 Merrick Road, Rockville Centre, NY 11570-4800 | NY | 1995-06 | $8,069,390 |
| 9 | Ruettgers Family Charitable Foundation, Ruettgers Michael C Ttee | 100 Federal Street 37th Floor, Boston, MA 02110-1802 | MA | 1997-09 | $7,375,679 |
| 10 | The Dickler Family Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 1996-12 | $7,174,609 |
| 11 | Swartz Foundation Ua 110594 | 6 Light House Pointroad, Lloyd Harbor, NY 11743 | NY | 1996-01 | $6,695,817 |
| 12 | Schultz Family Foundation | 4209 21st Ave W Ste 401, Seattle, WA 98199-1254 | WA | 1998-03 | $6,123,588 |
| 13 | James P Shea And Mary E Shea Perpetual Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1996-09 | $4,748,645 |
| 14 | The Herbert D Condie Jr Family Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1996-01 | $1,049,270 |
| 15 | Samuel S Dale Trust Uw 100740 T01899 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1996-05 | $398,532 |
| 16 | Adelaide Dawson Lynch Memorial Tr Gr Robert M Lynch Acct No 0430576, Tarzwell Gayle F Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 1994-12 | $336,455 |
| 17 | Regina M Ohara Charitable Foundation Inc | 501 Centerville Road, Warwick, RI 02886-4347 | RI | 1997-01 | $326,464 |
| 18 | Cecile E Belliveau Charitable Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-02 | $317,758 |
| 19 | Corinne & Victor Rice Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1996-06 | $185,984 |
| 20 | B Street Foundation | 90 Elm St Ste 1, Providence, RI 02903-4647 | RI | 1997-05 | $139,492 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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