James & Phyllis Tracy Scholarship Foundation, Bank Of Boston 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
| James & Phyllis Tracy Scholarship Foundation, Bank Of Boston | |
| Employer Identification Number (EIN) | 066025726 |
| Name of Organization | James & Phyllis Tracy Scholarship Foundation |
| Secondary Name | Bank Of Boston |
| In Care of Name | Fleet Natl Tax Ttee |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Gifts or grants to individuals (other than scholarships) |
| Subsection | Charitable Organization |
| Ruling Date | 03/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $136,982 |
| Amount of Income | $73,715 |
| Form 990 Revenue Amount | $11,790 |
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 | $12,975 | $12,930 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $3,517 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $3 | |||
| Other | $9,455 | |||
| Total expenses and disbursements | $10,690 | $1,006 | $0 | $9,365 |
| Compensation of officers, directors, trustees, etc. | $1,626 | |||
| Total operating and administrative expenses | $3,440 | $1,006 | $2,115 | |
| Contributions, gifts, grants paid | $7,250 | |||
| Excess of revenue over expenses and disbursements | $2,285 | |||
| Net investment income | $11,924 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $140,292 | $141,880 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $119,909 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $8,404 | |
| Other | $11,979 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $140,292 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $9,455 |
| 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 | $119 |
| Total credits and payments | $275 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $275 |
| 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 | $156 |
| Amount to be credited to 2013 estimated tax | $120 |
| 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 | $143,117 |
| Net value of noncharitable-use assets | $140,980 |
| Minimum investment return | $7,049 |
| Distributable Amount (for 2012) | |
| Distributable amount | $6,930 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $6,930 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $3,067 |
| 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 | J N Hazard Memorial Fund 32418006 | PO BOX 1802, Providence, RI 02901-1802 | RI | $93,510 | |
| 2 | John P & Maple I Ogsbury Mem Ua | PO BOX 1802, Providence, RI 02901-1802 | RI | 1991-02 | $1,203,206 |
| 3 | J Reaney B O St John Reform Ch | PO BOX 1802, Providence, RI 02901-1802 | RI | 1988-12 | $9,323 |
| 4 | J Wilfred Anctil Foundation No 3053012155 | 10 Tripps Ln, Riverside, RI 02915-3014 | RI | 1956-06 | $373,735 |
| 5 | Jacob F And Wilma S Schoellkopf Fund 1-1891-0 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $30,749,550 |
| 6 | Jacob F Tourte Llotte Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1943-01 | $109,434 |
| 7 | Jacob F Tourtellotte Est Trust Nect | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $301,696 |
| 8 | Jacob J Jacoby Trust Ud Fbo H I Jacoby Scholarship Fund 240880 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1984-03 | $24,479 |
| 9 | Jacob Keeling Tr 65729 Uw 020466 Fbo Waterbury Hosp | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $1,582,056 |
| 10 | Jacob Pearl Tr Uw T-8240 Fbo Hebrew Home For Aged | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $113,663 |
| 11 | James & Phyllis Tracy Scholarship Foundation, Bank Of Boston | PO BOX 1802, Providence, RI 02901-1802 | RI | 1999-03 | $73,715 |
| 12 | James A Comstock Memorial Scholarship Charitable Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1981-05 | $585,784 |
| 13 | James A Taylor Tr Fbo Osterpathic Hosp Fleet Bank Of Maine Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | $742,600 | |
| 14 | James And Dorothy Goodman Charitable Tr, Matzkin Joseph H Ttee | PO BOX 1802, Providence, RI 02901 | RI | 1998-01 | $70,310 |
| 15 | James Bacon Ford Foundation 137 1150195007 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1963-06 | $50,752 |
| 16 | James Brewer Corcoran Trust 943 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1972-08 | $636,765 |
| 17 | James D Cuffney Tr Uw Fbo St Marys | PO BOX 1802, Providence, RI 02901-1802 | RI | $370,164 | |
| 18 | James E Ward Trust Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | 2012-11 | $1,930,109 |
| 19 | James Edward Kinsley Educational Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | $126,009 | |
| 20 | James F & Mary R Singleton Tr, Fleet Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | $114,681 | |
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