Mcgraft Park Trust Nect Uw 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
- Organizations performing similar types of work
| Mcgraft Park Trust Nect Uw | |
| Employer Identification Number (EIN) | 066030987 |
| Name of Organization | Mcgraft Park Trust Nect Uw |
| In Care of Name | Fleet Private Clients Group |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| 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 | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,141,095 |
| Amount of Income | $1,092,737 |
| Form 990 Revenue Amount | $84,436 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Parks and Playgrounds |
Non-representatives - add comments:
Amount of income in 2013: $1,092,737 (it was $285,037 in 2012)
| This organization: | $1,092,737 |
| Other organizations performing similar types of work: | $172,690 |
Assets in 2013: $1,141,095 (it was $1,159,219 in 2012)
| Mcgraft Park Trust Nect Uw: | $1,141,095 |
| Other organizations performing similar types of work: | $469,468 |
Expenses in 2012: $98,688
| Mcgraft Park Trust Nect Uw: | $98,688 |
| Other organizations performing similar types of work: | $98,688 |
Income to expenses ratio in 2012: 11.1
| This organization: | 11.1 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2012: 0.0%
| Mcgraft Park Trust Nect Uw: | 0.0% |
| Other organizations performing similar types of work: | 77.8% |
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 | $115,280 | $114,760 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $29,309 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $12 | |||
| Other | $85,959 | |||
| Total expenses and disbursements | $98,688 | $10,369 | $0 | $85,526 |
| Compensation of officers, directors, trustees, etc. | $16,310 | |||
| Total operating and administrative expenses | $21,251 | $10,369 | $8,089 | |
| Contributions, gifts, grants paid | $77,437 | |||
| Excess of revenue over expenses and disbursements | $16,592 | |||
| Net investment income | $104,391 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,159,219 | $1,138,878 |
| Cash - non-interest-bearing | $-19,886 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,140,861 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $38,244 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,159,219 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $85,959 |
| 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 | $1,044 |
| Total credits and payments | $1,500 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,500 |
| 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 | $456 |
| Amount to be credited to 2013 estimated tax | $456 |
| 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 | $1,134,661 |
| Net value of noncharitable-use assets | $1,117,640 |
| Minimum investment return | $55,882 |
| Distributable Amount (for 2012) | |
| Distributable amount | $54,838 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $54,838 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $13,454 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Yosemite Foundation, Yosemite Conservancy | 101 Montgomery St Ste 1700, San Francisco, CA 94104-4129 | CA | 1993-05 | $14,441,640 |
| 2 | San Francisco Parks Alliance | 1663 Mission St Ste 320, San Francisco, CA 94103-2486 | CA | 1971-10 | $13,641,189 |
| 3 | Save Mount Diablo | 1901 Olympic Blvd Ste 320, Walnut Creek, CA 94596-5078 | CA | 1980-10 | $7,339,467 |
| 4 | William J Palmer Parks Foundation Inc | 102 S Tejon St Ste 360, Colorado Spgs, CO 80903-2268 | CO | 1978-11 | $5,458,120 |
| 5 | Sierra State Parks Foundation | 1295 North Lake Blvd Suite B, Tahoe City, CA 96145 | CA | 1979-12 | $1,670,307 |
| 6 | Mcgraft Park Trust Nect Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $1,092,737 |
| 7 | Rockwell Park Trust 1 Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | $789,383 | |
| 8 | Tallahassee Friends Of Our Parks Foundation Inc | 1201 Myers Park Dr, Tallahassee, FL 32301-4576 | FL | 1982-06 | $376,124 |
| 9 | Waterfront Historic Area League Of New Bedford Inc | 128 Union St, New Bedford, MA 02740-6386 | MA | 1963-12 | $207,971 |
| 10 | Wallisville Heritage Park Foundation Incorporated | PO BOX 16, Wallisville, TX 77597-0016 | TX | 1981-07 | $140,194 |
| 11 | Topeka Parks And Recreation Foundation | 3137 Se 29th St, Topeka, KS 66605-1815 | KS | 1985-12 | $134,475 |
| 12 | Roseville Central Park Foundation | 2660 Civic Center Dr, Roseville, MN 55113-1815 | MN | 1965-07 | $116,144 |
| 13 | Temple Lions Club Parks & Charities Inc | PO BOX 544, Temple, TX 76503-0544 | TX | 1976-01 | $88,557 |
| 14 | Friends Of Florida State Parks Inc | Po Box 6633, Tallahassee, FL 32314-6633 | FL | 1995-10 | $83,880 |
| 15 | Sullivans Island Park Foundation Inc | 2050 B Middle St, Sullivans Island, SC 29482 | SC | 1991-11 | $54,275 |
| 16 | Woodmansee Park Memorial Fund C/O Pioneer Trust Bank Na | PO BOX 2305, Salem, OR 97308-2305 | OR | 1989-02 | $14,565 |
| 17 | Friends Of The Elkhart County Parks Inc | 16816 County Road 10, Bristol, IN 46507 | IN | 1996-06 | $4,696 |
| 18 | West Lafayette Parks & Recreation Foundation Inc | PO BOX 2391, W Lafayette, IN 47996-2391 | IN | 1996-02 | $4,234 |
| 19 | Gillies Creek Park Foundation | 5102 Montebello Circle, Richmond, VA 23231 | VA | 1992-12 | $2,700 |
| 20 | Sandwich Adventure Playground Committee | 83 Great Hill Rd, Sandwich, MA 02563-2510 | MA | 1997-10 | $1 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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