Mcadams Charitable Foundation 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
| Mcadams Charitable Foundation | |
| Employer Identification Number (EIN) | 050468638 |
| Name of Organization | Mcadams Charitable Foundation |
| Address | 320 S Main St, Providence, RI 02903-2911 |
| Activities | Gifts, grants, or loans to other organizations, Supplying money, goods or services to the poor, Community Chest, United Way, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 05/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| 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 | $7,052,824 |
| Amount of Income | $215,209 |
| Form 990 Revenue Amount | $563,020 |
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 | $262,979 | $261,136 | $0 | |
| Contributions, gifts, grants, etc., received | $28,720 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $258,044 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $3,092 | |||
| Total expenses and disbursements | $1,924,063 | $114,892 | $0 | $1,806,171 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $191,284 | $114,892 | $73,392 | |
| Contributions, gifts, grants paid | $1,732,779 | |||
| Excess of revenue over expenses and disbursements | $-1,661,084 | |||
| Net investment income | $146,244 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,388,259 | $9,219,193 |
| Cash - non-interest-bearing | $33,694 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $8,354,565 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $8,388,259 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-26,877 |
| 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 | $1,462 |
| Total credits and payments | $11,191 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $11,191 |
| 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 | $9,729 |
| Amount to be credited to 2013 estimated tax | $9,729 |
| 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? | 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 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 | $8,729,165 |
| Net value of noncharitable-use assets | $8,598,220 |
| Minimum investment return | $429,911 |
| Distributable Amount (for 2012) | |
| Distributable amount | $428,449 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $428,449 |
| 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 | May B Sadowski Tr 09-120760 | PO BOX 1802, Providence, RI 02901-1802 | RI | $1,305,382 | |
| 2 | May B Wright Trust 09891 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $305,693 |
| 3 | May M Vert Memorial Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1956-07 | $11,997 |
| 4 | May M Vert Park Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1956-07 | $5,700 |
| 5 | May Potter Tr Uw For Sbvf 18-0006462610 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2004-04 | $259,330 |
| 6 | May Rockwell Page Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1973-01 | $675,312 |
| 7 | May Rockwell Page Trust Fbo, Rockwell Park | PO BOX 1802, Providence, RI 02901-1802 | RI | $704,579 | |
| 8 | Mayor Vincent A Cianci Jr Library And Research Center Inc | PO BOX 6184, Providence, RI 02940-6184 | RI | 1999-02 | $20,088 |
| 9 | Mayor Vincent A Cianci Jr Scholarship Fund | PO BOX 6184, Providence, RI 02940-6184 | RI | 1993-06 | $100,325 |
| 10 | Maytie C Crowell Trust Uw 207664 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $66,207 |
| 11 | Mcadams Charitable Foundation | 320 S Main St, Providence, RI 02903-2911 | RI | 1993-05 | $215,209 |
| 12 | Mccarthy Family Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1959-03 | $463,820 |
| 13 | Mcgraft Memorial Cong Church Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | $624,651 | |
| 14 | Mcgraft Park Trust Nect Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $1,092,737 |
| 15 | Mchale Family Foundation | PO BOX 2190, Pawtucket, RI 02861-0190 | RI | 2004-06 | $7,008 |
| 16 | Mcintosh S A Fbo Ct Childrens Hosp 137-1178201010 | PO BOX 1802, Providence, RI 02901-1802 | RI | $103,887 | |
| 17 | Mcmullin Charitable Trust Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | 2009-04 | $506,456 |
| 18 | Mcquade Family Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 2006-02 | $3,081,556 |
| 19 | Meadowbrook Waldorf Association | PO BOX 508, West Kingston, RI 02892-0508 | RI | 1979-12 | $1,623,324 |
| 20 | Meadville Medical Ctr Tr Uw 30-1075720 | PO BOX 1802, Providence, RI 02901-1802 | RI | $446,018 | |
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