Mary C Jolly Trust Agreement in Westerly, 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
| Mary C Jolly Trust Agreement | |
| Employer Identification Number (EIN) | 050481805 |
| Name of Organization | Mary C Jolly Trust Agreement |
| In Care of Name | Washington Trust Company Ttee |
| Address | 23 Broad Street, Westerly, RI 02891-1879 |
| Subsection | Charitable Organization |
| Ruling Date | 05/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $346,868 |
| Amount of Income | $87,184 |
| Form 990 Revenue Amount | $14,087 |
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 | $29,355 | $29,121 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $14,216 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $234 | |||
| Other | $14,905 | |||
| Total expenses and disbursements | $25,317 | $4,506 | $0 | $20,810 |
| Compensation of officers, directors, trustees, etc. | $4,477 | |||
| Total operating and administrative expenses | $5,626 | $4,506 | $1,119 | |
| Contributions, gifts, grants paid | $19,691 | |||
| Excess of revenue over expenses and disbursements | $4,038 | |||
| Net investment income | $24,615 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $353,356 | $385,711 |
| Cash - non-interest-bearing | $6,892 | |
| Investments-U.S. and state government obligations | $71,732 | |
| Investments-corporate stock | $135,453 | |
| Investments-corporate bonds | $139,002 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $277 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $353,356 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $14,905 |
| 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 | $246 |
| Total credits and payments | $246 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $246 |
| 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 | $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 | $393,612 |
| Net value of noncharitable-use assets | $387,700 |
| Minimum investment return | $19,385 |
| Distributable Amount (for 2012) | |
| Distributable amount | $19,139 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $19,139 |
| 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 | Martin S Paine Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 2004-07 | $6,745,937 |
| 2 | Martin W@frith Trust Fbo Masonic Et Al | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-02 | $1,107,842 |
| 3 | Mary B Botsford Uw Hartford Hospital Jefferson House | PO BOX 1802, Providence, RI 02901-1802 | RI | $65,101 | |
| 4 | Mary B Mannweiler Tr Uw Scholarship Fund 3304573 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1967-08 | $41,701 |
| 5 | Mary B Marston Trust Fbo Shriners Hospital For Crippled Children | PO BOX 1802, Providence, RI 02901-1802 | RI | 1981-09 | $468,251 |
| 6 | Mary B Yeomans Trust 979652 Nect | PO BOX 1802, Providence, RI 02901-1802 | RI | 1972-06 | $154,291 |
| 7 | Mary B Young Tr Uw 1 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1971-10 | $16,914 |
| 8 | Mary C Brainard Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1976-09 | $172,735 |
| 9 | Mary C Burbank Tr 20 001263 3 Nect | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $100,421 |
| 10 | Mary C Hicks Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1942-12 | $91,703 |
| 11 | Mary C Jolly Trust Agreement | 23 Broad Street, Westerly, RI 02891-1879 | RI | 1995-05 | $87,184 |
| 12 | Mary C Wheeler School Inc | 216 Hope St, Providence, RI 02906-2214 | RI | 1948-10 | $34,546,352 |
| 13 | Mary Caroline Bryant Trust 316 1019851, Bankboston N A | PO BOX 1802, Providence, RI 02901-1802 | RI | $58,829 | |
| 14 | Mary Cutler Irrevocable Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | $1,119,965 | |
| 15 | Mary D Coles Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-02 | $1,188,106 |
| 16 | Mary D Costa Scholarship | PO BOX 1802, Providence, RI 02901-1802 | RI | 1987-07 | $140,098 |
| 17 | Mary D Vitullo Tuw 1020022029 | 10 Tripps Ln, Riverside, RI 02915-3014 | RI | 2002-06 | $141,000 |
| 18 | Mary Dana Wells Charitable Trust | 10 Tripps Ln, Riverside, RI 02915-3014 | RI | 1993-03 | $1,531,994 |
| 19 | Mary Dexter Chafee Fund | Mark Chafee31 Patten Dr, Little Compton, RI 02837 | RI | 1940-10 | $688,194 |
| 20 | Mary E & Lucy S Bell Irr Char Trust, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | $666,692 | |
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