Michael A Parlato Scholarship Fund in Providence, Rhode Island (RI)

Organization representatives - add corrected or new information about Michael A Parlato Scholarship Fund »

Non-representatives - add comments about Michael A Parlato Scholarship Fund»

Michael A Parlato Scholarship Fund
Employer Identification Number (EIN)066099124
Name of OrganizationMichael A Parlato Scholarship Fund
In Care of NameBank Of America
AddressPO BOX 1802, Providence, RI 02901-1802
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date03/1968
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$84,113
Amount of Income$47,919
Form 990 Revenue Amount$5,189


Non-representatives - add comments:


CAPTCHA

Your IP address 44.206.248.122 will be logged.

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$3,408$3,355$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$2,051
Gross rents$0
Gross profit from sales of goods$0
Other income$27
Other$1,330
Total expenses and disbursements$5,342$592$0$4,683
Compensation of officers, directors, trustees, etc.$956
Total operating and administrative expenses$2,342$592$1,683
Contributions, gifts, grants paid$3,000
Excess of revenue over expenses and disbursements$-1,934
Net investment income$2,763
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$85,231$86,191
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$73,131
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$4,987
Other$7,113
Total liabilities$0
Total liabilities and net assets/fund balances$85,231
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$1,330
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$28
Total credits and payments$48
2012 estimated tax payments and 2011 overpayment credited to 2012$48
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$20
Amount to be credited to 2013 estimated tax$20
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$86,108
Net value of noncharitable-use assets$84,820
Minimum investment return$4,241
Distributable Amount (for 2012)
Distributable amount$4,213
Undistributed Income (for 2012)
Distributable amount for 2012$4,213
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
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
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Michael A Parlato Scholarship Fund to others? (optional)
  
Add photo of Michael A Parlato Scholarship Fund (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Other organizations in Rhode Island
IdNameAddressStateEstablishedTotal Income
1Mentor Inc, Project Riral191 Social St 3rd Fl Ste 11, Woonsocket, RI 02895-3213RI1981-02$1,190,245
2Mercy J Cone Trust Fbo Terryville Congregation Church EtalPO BOX 1802, Providence, RI 02901-1802RI1996-03$83,033
3Meridan Record Journal FoundationPO BOX 1802, Providence, RI 02901-1802RI1967-02$27,263
4Reeves H J Uw Fbo Girls Inc EtPO BOX 1802, Providence, RI 02901-1802RI$602,331
5Meriden Masonic Temple Trust Uw 137-1090844010PO BOX 1802, Providence, RI 02901-1802RI$220,006
6Merlyns Pen Foundation Inc11 S Angell St Ste 301, Providence, RI 02906-5206RI2003-03$1
7Meserve-Basily FundPO BOX 1802, Providence, RI 02901-1802RI1965-07$1,831,904
8Metacomet Select Lacrosse Inc11 Hope Street, Bristol, RI 02809RI2007-05$0
9Methodist Church Home Trust 2 Uw 1044320010PO BOX 1802, Providence, RI 02901-1802RI1970-12$168,809
10Methodist Episcopal Zion NectPO BOX 1802, Providence, RI 02901-1802RI1974-01$3,875
11Michael A Parlato Scholarship FundPO BOX 1802, Providence, RI 02901-1802RI1968-03$47,919
12Michael E Mccarthy Scholarship FundPO BOX 665, Newport, RI 02840-0600RI2006-02$106,901
13Michael H Flanagan FoundationPo Box 708, Barrington, RI 02806RI2004-08$9,412
14Michael H Strater Trust U-D 277446PO BOX 1802, Providence, RI 02901-1802RI$830,931
15Michael J Coughlin Trust State Bk Of Albany % Trust DeptPO BOX 1802, Providence, RI 02901-1802RI1973-08$51,732
16Michael W Budd Trust EquityPO BOX 1802, Providence, RI 02901-1802RI1970-12$132,314
17Mid-Atlantic Dyers Vacation And Welfare Fund6 Blackstone Valley Pl Ste 302, Lincoln, RI 02865-1112RI1992-03$6,074,100
18Middendorf Family FoundationPO BOX 1802, Providence, RI 02901-1802RI2001-03$4,514,470
19Middlebridge School Inc333 Ocean Rd, Narragansett, RI 02882-1363RI2009-02$4,011,606
20Middletown Education CollaborativePo Box 4975, Middletown, RI 02842RI2007-08$0

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Michael A Parlato Scholarship Fund and has no official or unofficial affiliation with Michael A Parlato Scholarship Fund