Morrison Trust Under 4b 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
| Morrison Trust Under 4b | |
| Employer Identification Number (EIN) | 046390868 |
| Name of Organization | Morrison Trust Under 4b |
| In Care of Name | Baybank Norfolk County Trust Co |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Ruling Date | 06/1977 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| 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 | $1,081,836 |
| Amount of Income | $213,244 |
| Form 990 Revenue Amount | $67,466 |
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 | $67,466 | $57,975 | $0 | |
| Contributions, gifts, grants, etc., received | $9,491 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $36,257 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $21,718 | |||
| Total expenses and disbursements | $59,622 | $7,160 | $0 | $50,872 |
| Compensation of officers, directors, trustees, etc. | $11,706 | |||
| Total operating and administrative expenses | $14,402 | $7,160 | $5,652 | |
| Contributions, gifts, grants paid | $45,220 | |||
| Excess of revenue over expenses and disbursements | $7,844 | |||
| Net investment income | $50,815 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $983,385 | $1,093,980 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $870,176 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $50,900 | |
| Other | $62,309 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $983,385 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $21,718 |
| 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 | $1,016 |
| Total credits and payments | $1,040 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,040 |
| 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 | $24 |
| Amount to be credited to 2013 estimated tax | $24 |
| 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 | $1,056,864 |
| Net value of noncharitable-use assets | $1,041,020 |
| Minimum investment return | $52,051 |
| Distributable Amount (for 2012) | |
| Distributable amount | $51,035 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $51,035 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $11,329 |
| 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 | Monday Morning Industries Inc | PO BOX 1700, Woonsocket, RI 02895-0856 | RI | 1984-08 | $229,456 |
| 2 | Monsignor Guido L Pallotta Charity Fund 3-3993 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $162,383 |
| 3 | Monsignor R O Gorman Scholarsp Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 1987-06 | $25,463 |
| 4 | Montana Automobile Insurance Plan | C/O Aipso 302 Central Avenue, Johnston, RI 02919-4932 | RI | 1993-03 | $0 |
| 5 | Montessori Childrens House Inc | 518 Lloyd Ave, Providence, RI 02906-5429 | RI | 1997-08 | $699,049 |
| 6 | Ocean State Montessori School Inc | 100 Grove Ave, E Providence, RI 02914-4507 | RI | 1974-01 | $1,031,008 |
| 7 | Moodus Cemetery Association | PO BOX 1802, Providence, RI 02901-1802 | RI | 1942-02 | $259,724 |
| 8 | Moosehead Manufacturing | PO BOX 1802, Providence, RI 02901-1802 | RI | $4 | |
| 9 | Morey & Helen Mccarthy Miller Scholarship Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1997-05 | $3,953,837 |
| 10 | Morning Star Christian Center Inc | 175 Wyndham Avenue, Providence, RI 02908-2831 | RI | 1999-01 | $0 |
| 11 | Morrison Trust Under 4b | PO BOX 1802, Providence, RI 02901-1802 | RI | 1977-06 | $213,244 |
| 12 | Mortimer P Howard Tr U W Fleet Bank Of Massachusetts | PO BOX 1802, Providence, RI 02901-1802 | RI | 1993-03 | $224,607 |
| 13 | Mosaico Community Development Corporation | 240 High St, Bristol, RI 02809-2211 | RI | 1995-10 | $99,416 |
| 14 | Moses Brown School Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-02 | $5,361,533 |
| 15 | Moses Carr Trust Fbo, Sangerville First Universalist Chur | PO BOX 1802, Providence, RI 02901-1802 | RI | 1989-05 | $78,043 |
| 16 | Moshassuck Cemetery | 978 Lonsdale Ave, Central Falls, RI 02863-1719 | RI | 1964-03 | $622,745 |
| 17 | Mount Hope High School Boosters Club | 31 Parker Ave, Warren, RI 02885 | RI | 2007-02 | $26,161 |
| 18 | Mount Hope Learning Center | 140 Cypress St, Providence, RI 02906-2508 | RI | 1999-05 | $363,611 |
| 19 | Mount Hope Neighborhood Association Inc | 199 Camp St, Providence, RI 02906-1833 | RI | 2014-06 | $0 |
| 20 | Mount Hope Neighborhood Land Trust | PO BOX 40238, Providence, RI 02940-0238 | RI | 1991-04 | $14,418 |
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