John Edward Bitgood Trust 2 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
| John Edward Bitgood Trust 2 | |
| Employer Identification Number (EIN) | 066113364 |
| Name of Organization | John Edward Bitgood Trust 2 |
| In Care of Name | Fleet Investment Services |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $988,505 |
| Amount of Income | $389,823 |
| Form 990 Revenue Amount | $65,479 |
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 | $114,665 | $114,682 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $28,268 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-386 | |||
| Other | $86,783 | |||
| Total expenses and disbursements | $49,477 | $7,813 | $0 | $41,513 |
| Compensation of officers, directors, trustees, etc. | $11,561 | |||
| Total operating and administrative expenses | $12,588 | $7,813 | $4,624 | |
| Contributions, gifts, grants paid | $36,889 | |||
| Excess of revenue over expenses and disbursements | $65,188 | |||
| Net investment income | $106,869 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $984,231 | $1,004,054 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $846,298 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $70,581 | |
| Other | $67,352 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $984,231 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $86,783 |
| 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 | $1,069 |
| Total credits and payments | $582 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $582 |
| 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 | $487 |
| 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? | 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 | $989,687 |
| Net value of noncharitable-use assets | $974,840 |
| Minimum investment return | $48,742 |
| Distributable Amount (for 2012) | |
| Distributable amount | $47,673 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $47,673 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $30,970 |
| 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 Js Toys For Friends | PO BOX 126, Barrington, RI 02806-0126 | RI | 2010-01 | $3,702 |
| 2 | Tuco J W Hughes Fb Df Con Church | PO BOX 1802, Providence, RI 02901-1802 | RI | 2010-04 | $3,993,964 |
| 3 | James D Gikas Endowment Fund Tr 25- 5734-00 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2010-05 | $100,714 |
| 4 | James L Goodwin Trust Ua 1964 59-403849420 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $267,531 |
| 5 | James Lee Pardee Salvation Army Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | $58,387 | |
| 6 | James M Linton Tr Ua, St Johns Epis Par | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $7,978 |
| 7 | Jamestown Art Center | PO BOX 97, Jamestown, RI 02835-0097 | RI | 2009-06 | $382,774 |
| 8 | Jamestown Parent Teacher Organization | 76 Melrose Avenue, Jamestown, RI 02835 | RI | 2010-06 | $23,922 |
| 9 | Jennie Sears Mcshane Trust 1 6186 1 | PO BOX 1802, Providence, RI 02901-1802 | RI | $530,413 | |
| 10 | Jewish Seniors Agency Workers Comp Trust | 100 Niantic Ave, Providence, RI 02907-3118 | RI | $4,386 | |
| 11 | John Edward Bitgood Trust 2 | PO BOX 1802, Providence, RI 02901-1802 | RI | $389,823 | |
| 12 | John G & Mary Shedd Charitable Tr Ua Fbo 3035010350, Shedd Porter Memorial Library | 10 Tripps Ln, Riverside, RI 02915-3014 | RI | 1900-01 | $2,590 |
| 13 | John J & Nancy E Hudson Charitable Foundation | 89 Ship St, Providence, RI 02903-4218 | RI | 2003-02 | $151 |
| 14 | John P Elton Trust Fbo 33-02227-000, St Johns-Waterbury Hospital | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $198,383 |
| 15 | Join Our Neighborhood And Help Jonah Inc | 830 Oakland Beach Avenue, Warwick, RI 02889 | RI | 1980-07 | $0 |
| 16 | Joseph A Reaney Margaret Reaney Memorial Library, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | $74,477 | |
| 17 | Josephine Reese Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | $1,598 | |
| 18 | Kidney Patients Of Westerly | PO BOX 1543, Westerly, RI 02891-0909 | RI | 1999-12 | $8,320 |
| 19 | Kate S Wilson Tr Uw 0112 | PO BOX 1802, Providence, RI 02901-1802 | RI | $15,606 | |
| 20 | Kellogg Fe Osborne-Ct St Dep 14-337237, M Davey & L Donahue | PO BOX 1802, Providence, RI 02901-1802 | RI | $16,028,222 | |
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