Macdougall Family Foundation in Block Island, 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
| Macdougall Family Foundation | |
| Employer Identification Number (EIN) | 050515327 |
| Name of Organization | Macdougall Family Foundation |
| In Care of Name | Barbara Macdougall |
| Address | PO BOX 1228, Block Island, RI 02807-1228 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $64,832 |
| Amount of Income | $7,490 |
| Form 990 Revenue Amount | $1,229 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2010: $7,490 (it was $1,229 in 2011)
| Macdougall Family Foundation: | $7,490 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2010: $64,832 (it was $58,854 in 2011)
| Macdougall Family Foundation: | $64,832 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2011: $7,207
| Macdougall Family Foundation: | $7,207 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2011: 1.0
| Macdougall Family Foundation: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 1.1%
| This organization: | 1.1% |
| Other organizations performing similar types of work: | 79.6% |
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1,229 | $1,336 | $0 | |
| Contributions, gifts, grants, etc., received | $14 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,318 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $18 | |||
| Total expenses and disbursements | $7,207 | $0 | $0 | $5,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,207 | $0 | $0 | |
| Contributions, gifts, grants paid | $5,000 | |||
| Excess of revenue over expenses and disbursements | $-5,978 | |||
| Net investment income | $1,336 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $58,854 | $89,307 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $54,217 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $4,637 | |
| Total liabilities | $2,069 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,069 | |
| Total liabilities and net assets/fund balances | $56,785 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-121 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $13 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $13 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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? | No |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $92,185 |
| Net value of noncharitable-use assets | $90,800 |
| Minimum investment return | $4,540 |
| Distributable Amount (for 2011) | |
| Distributable amount | $4,527 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $4,527 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | William M Wood Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 2007-06 | $35,463,432 |
| 2 | The Canaday Family Charitable Trust Agreement | PO BOX 1802, Providence, RI 02901-1802 | RI | 2002-01 | $17,015,108 |
| 3 | Ud M Davis For W Davis Mem Fdn, United States Trust Co Of New York | PO BOX 1802, Providence, RI 02901-1802 | RI | 2005-02 | $13,441,332 |
| 4 | Rena Burney Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 2002-01 | $10,058,752 |
| 5 | The Harry M Miriam C & William C | PO BOX 1802, Providence, RI 02901-1802 | RI | 2004-05 | $5,065,981 |
| 6 | Deborah Munroe Noonan Memorial Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 2013-08 | $4,881,266 |
| 7 | The Butler Family Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-08 | $4,313,804 |
| 8 | Tr Ua Doris Frick Ac 54-1151234008 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2004-01 | $3,771,038 |
| 9 | The@john J Sacco And Edith L Sacco Charitable Foundation, Joseph P Sacco Et Al Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 2007-03 | $2,473,402 |
| 10 | Salerno Dj & Rg Prvt Fnd Co Tua | PO BOX 1802, Providence, RI 02901-1802 | RI | 2010-07 | $2,136,583 |
| 11 | R Wells Harrison Memorial Uw Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 2015-03 | $2,105,477 |
| 12 | Charlotte A I Carpenter Tr Uw Fbo Haven United Methodist Ch 0331635, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | 2011-06 | $1,321,742 |
| 13 | Howard And Barbara Fales Scholarship Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 2010-08 | $1,287,893 |
| 14 | Paul G Arpin Charitable Tr, Washington Trust Company Ttee | 23 Broad St Wealth Management, Westerly, RI 02891 | RI | 2014-01 | $1,156,387 |
| 15 | Mae T Drew Charitable Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 2013-12 | $1,057,234 |
| 16 | Robert Black Charitable Foundation Uw 30812000 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-02 | $1,056,882 |
| 17 | Vincent V And Anna Mae Pasqua Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 2013-01 | $1,002,436 |
| 18 | Tua Gertrude S Bridge | PO BOX 1802, Providence, RI 02901-1802 | RI | 2012-09 | $943,570 |
| 19 | Braidwood Fund Tua, 42-09-900-8536176 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2011-11 | $765,368 |
| 20 | Henry Gulko Tr Uw Fbo Abe Gulko | PO BOX 1802, Providence, RI 02901-1802 | RI | 2011-09 | $746,764 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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