Lena Benas Memorial Fund 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
| Lena Benas Memorial Fund | |
| Employer Identification Number (EIN) | 061616940 |
| Name of Organization | Lena Benas Memorial Fund |
| In Care of Name | Fleet Private Clients Group |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2002 |
| 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 | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,378,786 |
| Amount of Income | $265,631 |
| Form 990 Revenue Amount | $73,447 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $265,631 (it was $102,023 in 2012)
| This organization: | $265,631 |
| Other organizations performing similar types of work: | $67,593 |
Assets in 2013: $1,378,786 (it was $1,347,539 in 2012)
| This organization: | $1,378,786 |
| Other organizations performing similar types of work: | $38,144 |
Expenses in 2012: $74,988
| Lena Benas Memorial Fund: | $74,988 |
| Other organizations performing similar types of work: | $42,291 |
Income to expenses ratio in 2012: 3.5
| This organization: | 3.5 |
| Other organizations performing similar types of work: | 2.4 |
Grants share in income in 2012: 0.0%
| Lena Benas Memorial Fund: | 0.0% |
| Other organizations performing similar types of work: | 98.6% |
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 | $51,561 | $51,561 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $30,934 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $20,627 | |||
| Total expenses and disbursements | $74,988 | $6,356 | $0 | $66,337 |
| Compensation of officers, directors, trustees, etc. | $9,577 | |||
| Total operating and administrative expenses | $17,488 | $6,356 | $8,837 | |
| Contributions, gifts, grants paid | $57,500 | |||
| Excess of revenue over expenses and disbursements | $-23,427 | |||
| Net investment income | $45,205 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,347,539 | $1,502,346 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,311,419 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $36,120 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,347,539 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $20,627 |
| 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 | $904 |
| Total credits and payments | $1,340 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,340 |
| 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 | $436 |
| Amount to be credited to 2013 estimated tax | $436 |
| 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 | $1,510,331 |
| Net value of noncharitable-use assets | $1,487,680 |
| Minimum investment return | $74,384 |
| Distributable Amount (for 2012) | |
| Distributable amount | $73,480 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $73,480 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $17,732 |
| 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 | Southwest Childrens Swing For Life | 3911 E Chandler Blvd Pmb 123, Phoenix, AZ 85048 | AZ | 2007-03 | $75,238 |
| 2 | Dorothy M Sears Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 2001-12 | $355,392 |
| 3 | Gupta Family Foundation | 10 Tripps Ln, Riverside, RI 02915-3014 | RI | 2009-12 | $269,003 |
| 4 | Lena Benas Memorial Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 2002-05 | $265,631 |
| 5 | Izzy Foundation Inc | 110 Arnold Rd, Coventry, RI 02816-5636 | RI | 2012-09 | $230,473 |
| 6 | Fairway Foundation | PO BOX 41, Wood River Jt, RI 02894-0041 | RI | 2011-03 | $76,528 |
| 7 | Megan L Cordeiro Memorial Foundation | C/O John Cordeiro 19 Blueberry Lane, Tiverton, RI 02878 | RI | 2009-09 | $49,150 |
| 8 | Bentley Foundation | 117 Metro Center Blvd Ste 3000, Warwick, RI 02886-1777 | RI | 2006-11 | $44,153 |
| 9 | Spencer H B Cotrs Uw Fbo Franklin Church 59-1052117010 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2010-04 | $33,677 |
| 10 | Foundation For West Africa | 27 Walnut Rd, Barrington, RI 02806-2028 | RI | 2006-01 | $19,180 |
| 11 | Rhode Island Partnership Foundation Inc | 1283 Mendon Road, Cumberland, RI 02864 | RI | 2004-09 | $14,052 |
| 12 | Keystone Group | Po Box 4288, Middletown, RI 02842 | RI | 2012-09 | $4,186 |
| 13 | Caroga Cares About Cancer Foundation Inc | 20 Rosella Street, Coventry, RI 02816 | RI | 2015-02 | $0 |
| 14 | Knights Of Columbus Frehill Council 5702 Charitable Tr | Po Box 147, Slatersville, RI 02876 | RI | 2015-01 | $0 |
| 15 | Michael Vogel Memorial Fund | 16 Harrison Avenue, Westerly, RI 02891 | RI | 2014-12 | $0 |
| 16 | Payton Elizabeth Watson Memorial Foundation | 25 Shady Cove Road, North Kingstown, RI 02852 | RI | 2011-12 | $0 |
| 17 | Peter T Pastore Jr Charitable Foundation Inc | 14 Firglade Dr, Cranston, RI 02920-4608 | RI | 2014-04 | $0 |
| 18 | Rhode Island Patient Association | 300 Toll Gate Rd Ste 201, Warwick, RI 02886-4448 | RI | 2014-11 | $0 |
| 19 | Singing Out Against Hunger-Soah | 59 Woodland Cir, Tiverton, RI 02878 | RI | 2013-07 | $0 |
| 20 | Worthy Causes Foundation | 146 Sefton Ave, Warwick, RI 02889-8327 | RI | 2006-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,511 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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