Monsignor Guido L Pallotta Charity Fund 3-3993 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
| Monsignor Guido L Pallotta Charity Fund 3-3993 | |
| Employer Identification Number (EIN) | 046025631 |
| Name of Organization | Monsignor Guido L Pallotta Charity Fund 3-3993 |
| In Care of Name | Bank Of New England |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 12/1970 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $316,109 |
| Amount of Income | $162,383 |
| Form 990 Revenue Amount | $34,600 |
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 | $23,692 | $23,692 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $7,789 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-23 | |||
| Other | $15,926 | |||
| Total expenses and disbursements | $18,136 | $3,042 | $0 | $14,307 |
| Compensation of officers, directors, trustees, etc. | $4,789 | |||
| Total operating and administrative expenses | $6,624 | $3,042 | $2,795 | |
| Contributions, gifts, grants paid | $11,512 | |||
| Excess of revenue over expenses and disbursements | $5,556 | |||
| Net investment income | $20,650 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $303,595 | $314,884 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $299,962 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,633 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $303,595 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $15,926 |
| 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 | $413 |
| Total credits and payments | $632 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $632 |
| 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 | $219 |
| Amount to be credited to 2013 estimated tax | $219 |
| 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 | $315,832 |
| Net value of noncharitable-use assets | $311,100 |
| Minimum investment return | $15,555 |
| Distributable Amount (for 2012) | |
| Distributable amount | $15,142 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $15,142 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,878 |
| 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 | Miss Rhode Island Scholarship Pagent Inc, Miss Rhode Island Scholarship Pageant Inc | 15 Eagle Run, East Greenwich, RI 02818 | RI | 1991-05 | $78,893 |
| 2 | Misses Mcaleer Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $465,924 |
| 3 | Mission From God Healing Ministry Inc, Mission From God Healing Ministry | 26 Chardon Drive, Portsmouth, RI 02871 | RI | 1985-04 | $0 |
| 4 | Mississippi Automobile Insurance Plan | C/O Aipso 302 Central Avenue, Johnston, RI 02919 | RI | 1979-07 | $205,101 |
| 5 | Mixed Magic Theater & Cultural Events Inc | 558 Mineral Spring Ave No 25, Pawtucket, RI 02860-3482 | RI | 2005-06 | $83,186 |
| 6 | Mlk Jr Charitable Scholarship Golf Fund Inc | PO BOX 28782, Providence, RI 02908-0782 | RI | 1996-05 | $6,609 |
| 7 | Molar Express | 19 Broadway, Newport, RI 02840-2937 | RI | 2006-06 | $367,760 |
| 8 | Molder Family Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-05 | $1,156,346 |
| 9 | Mona D Corbin Trust Uw 195304 | PO BOX 1802, Providence, RI 02901-1802 | RI | $19,907 | |
| 10 | Monday Morning Industries Inc | PO BOX 1700, Woonsocket, RI 02895-0856 | RI | 1984-08 | $229,456 |
| 11 | Monsignor Guido L Pallotta Charity Fund 3-3993 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $162,383 |
| 12 | Monsignor R O Gorman Scholarsp Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 1987-06 | $25,463 |
| 13 | Montana Automobile Insurance Plan | C/O Aipso 302 Central Avenue, Johnston, RI 02919-4932 | RI | 1993-03 | $0 |
| 14 | Montessori Childrens House Inc | 518 Lloyd Ave, Providence, RI 02906-5429 | RI | 1997-08 | $699,049 |
| 15 | Ocean State Montessori School Inc | 100 Grove Ave, E Providence, RI 02914-4507 | RI | 1974-01 | $1,031,008 |
| 16 | Moodus Cemetery Association | PO BOX 1802, Providence, RI 02901-1802 | RI | 1942-02 | $259,724 |
| 17 | Moosehead Manufacturing | PO BOX 1802, Providence, RI 02901-1802 | RI | $4 | |
| 18 | Morey & Helen Mccarthy Miller Scholarship Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1997-05 | $3,953,837 |
| 19 | Morning Star Christian Center Inc | 175 Wyndham Avenue, Providence, RI 02908-2831 | RI | 1999-01 | $0 |
| 20 | Morrison Trust Under 4b | PO BOX 1802, Providence, RI 02901-1802 | RI | 1977-06 | $213,244 |
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