Loomis Housing Corp-Louise C Merritt 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
- Other organizations in Rhode Island
| Loomis Housing Corp-Louise C Merritt Fund | |
| Employer Identification Number (EIN) | 046200238 |
| Name of Organization | Loomis Housing Corp-Louise C Merritt Fund |
| In Care of Name | Fleet Private Clients Group |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | 4947(a)(2) trust |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Ruling Date | 12/1970 |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2014 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $980,139 |
| Amount of Income | $449,087 |
| Form 990 Revenue Amount | $63,314 |
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 | $78,821 | $78,821 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $24,477 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-90 | |||
| Other | $54,434 | |||
| Total expenses and disbursements | $55,890 | $8,830 | $0 | $46,317 |
| Compensation of officers, directors, trustees, etc. | $13,667 | |||
| Total operating and administrative expenses | $16,165 | $8,830 | $6,592 | |
| Contributions, gifts, grants paid | $39,725 | |||
| Excess of revenue over expenses and disbursements | $22,931 | |||
| Net investment income | $69,991 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,005,249 | $1,016,622 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $981,438 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $23,811 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,005,249 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $54,434 |
| 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 | $1,400 |
| Total credits and payments | $550 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $550 |
| 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 | $850 |
| 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 | $1,001,888 |
| Net value of noncharitable-use assets | $986,860 |
| Minimum investment return | $49,343 |
| Distributable Amount (for 2012) | |
| Distributable amount | $47,943 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $47,943 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $41,351 |
| 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 | Lochridge Watkins Charitable Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1999-03 | $544,417 |
| 2 | Lockhart Fam Charitable Tr, Lockhart H Eugene Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-05 | $106,513 |
| 3 | Loescher Charitable Trust | 128 Dorrance St Ste 520, Providence, RI 02903-2814 | RI | 2000-08 | $2,699 |
| 4 | Lois Lensky Cove Trust C/O Hartford Natl Bk & Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1966-06 | $75,773 |
| 5 | Lois Orne Paine Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1962-09 | $26,958 |
| 6 | London Bridge Child Care Center Inc | 165 Duke St, E Greenwich, RI 02818-3745 | RI | 1998-04 | $261,686 |
| 7 | Long Wharf & Public Schools Trustees | 31 1/2 Farewell St, Newport, RI 02840-2563 | RI | 1916-05 | $60,266 |
| 8 | Longitude | 21 Crescent St, Providence, RI 02907-3222 | RI | 2007-11 | $34,844 |
| 9 | Looking Glass Theatre Inc | 282 County Rd Ste 2, Barrington, RI 02806-2432 | RI | 1965-09 | $159,772 |
| 10 | Looking Upwards Inc | PO BOX 4289, Middletown, RI 02842-0289 | RI | 1982-12 | $13,900,253 |
| 11 | Loomis Housing Corp-Louise C Merritt Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $449,087 |
| 12 | Lorena Marhaver Trust Up5 20-213300, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | $179,839 | |
| 13 | Lorenzo F Baer Trust Ua 092250 Fbo, Annie Wentworth Baer Scholarship Fd | PO BOX 1802, Providence, RI 02901-1802 | RI | $370,658 | |
| 14 | Lorin Fisk Trust Uw 3-2011950 Fbo Agawam Cong Church Etal | PO BOX 1802, Providence, RI 02901-1802 | RI | $84,668 | |
| 15 | Lou H Willeke Trust, Fleet Bank Of Massachusetts Na | PO BOX 1802, Providence, RI 02901-1802 | RI | 1993-03 | $1,215,121 |
| 16 | Lou K Parker Memorial Fund Trust 3035004009 | 10 Tripps Ln, Riverside, RI 02915-3014 | RI | 1973-07 | $69,288 |
| 17 | Louis A Cazenove Trust 01505, American Security & Trust Co Truste | PO BOX 1802, Providence, RI 02901-1802 | RI | $127,321 | |
| 18 | Louis A Langie Foundations | PO BOX 1802, Providence, RI 02901-1802 | RI | 1965-10 | $5,407 |
| 19 | Louis B Fox & Julian Karger Scholarship Fund Nect | PO BOX 1802, Providence, RI 02901-1802 | RI | 1974-02 | $109,844 |
| 20 | Louis D T Geery Residuary Trust B | PO BOX 1802, Providence, RI 02901-1802 | RI | $109,156 | |
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