Miles & Gertrude W Hanson Foundation 100-0001319 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
| Miles & Gertrude W Hanson Foundation 100-0001319 | |
| Employer Identification Number (EIN) | 046814621 |
| Name of Organization | Miles & Gertrude W Hanson Foundation 100-0001319 |
| In Care of Name | Bank Of Boston |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,815,234 |
| Amount of Income | $198,505 |
| Form 990 Revenue Amount | $71,655 |
| National Taxonomy of Exempt Entities (NTEE) | Crime, Legal-Related: Crime Prevention (Not Elsewhere Classified) |
Non-representatives - add comments:
Amount of income in 2013: $198,505 (it was $237,223 in 2012)
| Miles & Gertrude W Hanson Foundation 100-0001319: | $198,505 |
| Other organizations performing similar types of work: | $91,877 |
Assets in 2013: $1,815,234 (it was $1,813,851 in 2012)
| Miles & Gertrude W Hanson Foundation 100-0001319: | $1,815,234 |
| Other organizations performing similar types of work: | $144,828 |
Expenses in 2012: $90,028
| Miles & Gertrude W Hanson Foundation 100-0001319: | $90,028 |
| Other organizations performing similar types of work: | $77,652 |
Income to expenses ratio in 2012: 2.2
| Miles & Gertrude W Hanson Foundation 100-0001319: | 2.2 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2012: 0.0%
| Miles & Gertrude W Hanson Foundation 100-0001319: | 0.0% |
| Other organizations performing similar types of work: | 99.9% |
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 | $77,319 | $77,319 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $44,876 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $32,443 | |||
| Total expenses and disbursements | $90,028 | $7,364 | $0 | $80,448 |
| Compensation of officers, directors, trustees, etc. | $17,366 | |||
| Total operating and administrative expenses | $25,028 | $7,364 | $15,448 | |
| Contributions, gifts, grants paid | $65,000 | |||
| Excess of revenue over expenses and disbursements | $-12,709 | |||
| Net investment income | $69,955 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,813,851 | $1,997,043 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,780,078 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $33,773 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,813,851 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $32,443 |
| 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 | $1,399 |
| Total credits and payments | $1,400 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,400 |
| 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 | $1 |
| Amount to be credited to 2013 estimated tax | $1 |
| 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 | $2,007,372 |
| Net value of noncharitable-use assets | $1,977,260 |
| Minimum investment return | $98,863 |
| Distributable Amount (for 2012) | |
| Distributable amount | $97,464 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $97,464 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vera Institute Of Justice Inc | 233 Broadway Fl 12, New York, NY 10279-1299 | NY | 1962-10 | $47,504,519 |
| 2 | The V Foundation | 106 Towerview Ct, Cary, NC 27513-3595 | NC | 1993-06 | $43,620,118 |
| 3 | Specialized Alternatives For Families And Youth Of So Carolina | 606 Dutch Square Blvd Ste 205 Bldgc, Columbia, SC 29210 | SC | 1992-03 | $4,944,160 |
| 4 | Safe City Commission | 1100 Hemphill St, Fort Worth, TX 76104-4666 | TX | 1997-03 | $2,886,420 |
| 5 | Woodcrest Foundation Tr 060298, Fisher Robert W Ttee | 3595 Hiram-Douglasville Highway, Hiram, GA 30141-4961 | GA | 1998-08 | $2,464,614 |
| 6 | Just Detention International Inc | 3325 Wilshire Blvd Ste 340, Los Angeles, CA 90010-1734 | CA | 1997-03 | $2,208,683 |
| 7 | Rosser Charitable Tr, Rosser Harold O Iii Et Al Ttees | C/O Harold O Rosser Ii, Naples, FL 34105 | FL | 1997-11 | $918,058 |
| 8 | Shirley Shattuck Windsor Charitable Tr Ua 121697 15012344, Ballou Frederick D Et Al Ttee | Lwc 230 Congress Street 12fl, Boston, MA 02110 | MA | 1998-05 | $701,829 |
| 9 | The Nations Missings Children Organization Inc | PO BOX 6389, Glendale, AZ 85312-6389 | AZ | 1995-04 | $601,820 |
| 10 | Southeast Uplift Neighborhood Program Inc | 3534 Se Main St, Portland, OR 97214-4263 | OR | 1980-04 | $523,694 |
| 11 | Stein Family Foundation Inc | 57 Moonpenny Ln, East Falmouth, MA 02536-7034 | MA | 1998-08 | $480,257 |
| 12 | Stephenson County Crime Stop | PO BOX 786, Freeport, IL 61032-0786 | IL | 1995-03 | $314,838 |
| 13 | Sanan Family Foundation Inc | 1766 Beville Rd, Clearwater, FL 33765-1501 | FL | 1998-07 | $303,036 |
| 14 | Wichita Crime Commission Inc | 300 N Main St Ste 202, Wichita, KS 67202-1505 | KS | 1954-04 | $243,068 |
| 15 | Whittier Alliance | 10 E 25th St, Minneapolis, MN 55404-3433 | MN | 1978-02 | $240,420 |
| 16 | Racine Neighborhood Watch Inc | 800 Center St Rm 316, Racine, WI 53403-1481 | WI | 1985-04 | $236,398 |
| 17 | Miles & Gertrude W Hanson Foundation 100-0001319 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-05 | $198,505 |
| 18 | Greater North End Community Development Inc | 68 Pierce St, Westerly, RI 02891-1616 | RI | 1997-05 | $7,747 |
| 19 | Curran Family Foundation Inc | 11 Pine St, Newport, RI 02840-1932 | RI | 1997-11 | $816 |
| 20 | Watch Hill Security Tr | 222 Watch Hill Rd, Watch Hill, RI 02891-5019 | RI | 1998-12 | $8 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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