Lily Palmer Fry Memorial 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
- Other organizations in Rhode Island
| Lily Palmer Fry Memorial Trust | |
| Employer Identification Number (EIN) | 066033612 |
| Name of Organization | Lily Palmer Fry Memorial Trust |
| In Care of Name | Connecticut Bank And Tr Co |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Gifts, grants, or loans to other organizations, Other recreational activities |
| Subsection | Charitable Organization |
| Ruling Date | 06/1957 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,202,214 |
| Amount of Income | $446,250 |
| Form 990 Revenue Amount | $223,537 |
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 | $686,657 | $686,657 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $129,258 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $16 | |||
| Other | $557,383 | |||
| Total expenses and disbursements | $299,710 | $57,991 | $0 | $237,009 |
| Compensation of officers, directors, trustees, etc. | $925,233 | |||
| Total operating and administrative expenses | $99,710 | $57,991 | $37,009 | |
| Contributions, gifts, grants paid | $200,000 | |||
| Excess of revenue over expenses and disbursements | $386,947 | |||
| Net investment income | $628,666 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,191,994 | $5,302,386 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $716,599 | |
| Investments-corporate stock | $4,137,343 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $338,052 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $5,191,994 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $557,383 |
| 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 | $12,573 |
| Total credits and payments | $3,400 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,400 |
| 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 | $9,173 |
| 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 | $5,228,980 |
| Net value of noncharitable-use assets | $5,150,540 |
| Minimum investment return | $257,527 |
| Distributable Amount (for 2012) | |
| Distributable amount | $244,954 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $244,954 |
| 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 | Liberty Foundation Inc | PO BOX 1802, Providence, RI 02901-1802 | RI | 1962-12 | $541,061 |
| 2 | Lida P Underhill Charitable Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 1999-05 | $333,454 |
| 3 | Lifespan Foundation | 167 Point Street, Providence, RI 02903-4771 | RI | 1998-06 | $33,933,738 |
| 4 | Light Of The Gospel Ministries | PO BOX 15123, Riverside, RI 02915-0123 | RI | 2005-03 | $365,802 |
| 5 | Lighthouse Family Worship Center | PO BOX 7578, Cumberland, RI 02864-0806 | RI | 1991-12 | $96,286 |
| 6 | Lighthouse For Youth | 81 Spencer Ct, Wakefield, RI 02879-2820 | RI | 1991-09 | $347,594 |
| 7 | Lights Out Green In | 3 Fox Tale Drive, Johnston, RI 02919 | RI | 2009-03 | $2,910 |
| 8 | Lijiang Studio Foundation | 50 S Main St, Providence, RI 02903-2919 | RI | 2005-11 | $12,000 |
| 9 | Lillian C Moore Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | $416,600 | |
| 10 | Lillis R Sawyer Trust Uw 20-0013130 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $333,453 |
| 11 | Lily Palmer Fry Memorial Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1957-06 | $446,250 |
| 12 | Lincoln Country Club Inc | Dexter Rock Rd, Lincoln, RI 02865 | RI | 1966-06 | $704,451 |
| 13 | Lincoln Family Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-03 | $109,519 |
| 14 | Lincoln Friends Of Animals Inc | 2 Crest Dr, Lincoln, RI 02865-1612 | RI | 2005-12 | $2,216 |
| 15 | Lincoln Little League Inc | 6 Blackstone Valley Place, Lincoln, RI 02865-1179 | RI | 1997-03 | $66,897 |
| 16 | Lincoln School | 301 Butler Ave, Providence, RI 02906-5545 | RI | 1977-02 | $12,220,842 |
| 17 | Lincoln Youth Football Andcheerleading Association | 24 Bernon Dr, Lincoln, RI 02865-2332 | RI | 2007-03 | $75,120 |
| 18 | Lincoln Youth Hockey Association | 140 Douglas Pike, N Smithfield, RI 02896-9303 | RI | 2008-08 | $88,298 |
| 19 | Lincoln Youth Soccer Association | PO BOX 323, Lincoln, RI 02865-0323 | RI | 2000-03 | $150,235 |
| 20 | Lindsay Ann Burke Memorial Fund | Po Box 1748, North Kingstown, RI 02852 | RI | 2007-03 | $0 |
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