Newport Rotary Charitable Foundation in Newport, Rhode Island (RI)
Table of contents:
Newport Rotary Charitable Foundation | |
Employer Identification Number (EIN) | 223025342 |
Name of Organization | Newport Rotary Charitable Foundation |
Address | PO BOX 164, Newport, RI 02840-0002 |
Activities | Scholarships (other) |
Subsection | Charitable Organization |
Ruling Date | 08/1990 |
Deductibility | Contributions are deductible |
Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 04/2014 |
Assets | $100,000 to $499,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $287,965 |
Amount of Income | $29,620 |
Form 990 Revenue Amount | $29,620 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $29,620 (it was $24,578 in 2013)
This organization: | $29,620 |
Other organizations performing similar types of work: | $147,540 |
Assets in 2014: $287,965 (it was $261,864 in 2013)
Newport Rotary Charitable Foundation: | $287,965 |
Other organizations performing similar types of work: | $421,265 |
Expenses in 2014: $3,520
This organization: | $3,520 |
Other organizations performing similar types of work: | $65,955 |
Income to expenses ratio in 2014: 8.4
This organization: | 8.4 |
Other organizations performing similar types of work: | 12.1 |
Grants share in income in 2014: 5.5%
Newport Rotary Charitable Foundation: | 5.5% |
Other organizations performing similar types of work: | 100.0% |
Revenue for 2014
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Total revenue | $-3,079 | $24,578 | $29,620 |
Contributions, gifts, grants, and similar amounts received | $6,258 | $3,881 | $1,619 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $-9,337 | $20,697 | $28,001 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $0 | $0 | $0 |
Total expenses | $7,000 | $7,450 | $3,520 |
Total net assets | $244,736 | $261,864 | $287,965 |
Excess/Deficit for the year | $-10,079 | $17,128 | $26,100 |
Net assets or fund balances at beginning of year | $254,815 | $244,736 | $261,865 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $261,864 | $287,965 |
Balance Sheets | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Total assets | $244,736 | $261,864 | $287,965 |
Total liabilities | $0 | $0 | $0 |
Net assets or fund balances | $244,736 | $261,864 | $287,965 |
Other Information | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
Were any significant changes made to the organizing or governing documents? | No | No | |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
Has the organization filed a Form 990-T for the year? | No | No | |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
Amount of political expenditures, direct or indirect | $0 | $0 | |
Did the organization file Form 1120-POL for this year? | No | No | |
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
Total amount involved | $0 | $0 | |
Initiation fees and capital contributions | $0 | $0 | $0 |
Gross receipts for public use of club facilities | $0 | $0 | $0 |
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
Reason for Public Charity Status (for 2014) | |
The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
2010 - 2014 Total | |
---|---|
Public support | $24,241 |
Subtotal | $24,241 |
Gifts, grants, contributions, and membership fees received | $24,241 |
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
Less | $0 |
Amounts received from disqualified persons | $0 |
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
Total support | $24,241 |
Public support | $24,241 |
Subtotal | $0 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income | $0 |
Write your review! |
|
Recently Added Reviews |
Amvets, Amvets Dept Of Rhode Island in Providence, RI |
Help For The Children Inc in Providence, RI
|
Glenwood Cemetery Co Inc in East Greenwich, RI
|
Pari Independent Living Center Inc in Pawtucket, RI |
Tri-City Alcoholic Rehabilitation Association, Tara Club in Hapeville, GA
|
Decatur Youth Enrichment Association in Decatur, AL
|
Blue Water Pregnancy Care Center in Port Huron, MI
|
Abundant Grace Praise & Worship Church in Houston, TX
|
Milwaukee Sharon Junior Academy, Lake Region Conference Of Seventh-D in Milwaukee, WI
|
Vietnam Veterans Of America Inc in Columbia, SC |
Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | United States Fund For Unicef In Kind Assistance Corporation | 125 Maiden Lane, New York, NY 10038-4912 | NY | 2005-11 | $155,471,904 |
2 | Tigers Unlimited Foundation | PO BOX 351, Auburn, AL 36831-0351 | AL | 2004-02 | $45,768,295 |
3 | The American University Of Greece | 10 Liberty Square, Boston, MA 02109-5801 | MA | 1995-11 | $102,912,764 |
4 | Highland Kansas City Foundation Inc | 300 Crescent Ct Ste 700, Dallas, TX 75201-7849 | TX | 2013-03 | $22,883,319 |
5 | Strategic Investment Fund For La Raza Inc | 1126 16th Street Nw, Washington, DC 20036-4804 | DC | 2001-02 | $22,320,458 |
6 | Gray Family Foundation | 1221 Sw Yamhill St Ste 100, Portland, OR 97205-2108 | OR | 2012-04 | $21,432,502 |
7 | Campus Facilities Improvement Association | 4 Embarcadero Ctr Fl 17, San Francisco, CA 94111-4158 | CA | 2008-12 | $18,407,151 |
8 | Zuckerman Community Outreach Foundation | 2250 E Broadway Blvd, Tucson, AZ 85719-6014 | AZ | 2007-01 | $15,707,862 |
9 | Ocean State Charities Trust | 1005 Main St Unit 2123, Pawtucket, RI 02860-7806 | RI | 1981-07 | $2,802,502 |
10 | John L Patten Trust 091261 N009-43620 Fbo Evanston Hospital A | PO BOX 1802, Providence, RI 02901-1802 | RI | 1977-08 | $1,846,929 |
11 | Louis F Keyes Charitable Remainder Trust Ua Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | 1999-11 | $270,337 |
12 | Leona Belnap Trust U-W Bank Of America Ny6-100-09-01, Dr David Tomlinson | 100 Westminster St, Providence, RI 02903-2394 | RI | 2001-12 | $242,581 |
13 | Arthur D & Marvis S Rolland Tr Fbo Worthington Fire Department | PO BOX 1802, Providence, RI 02901-1802 | RI | 2002-01 | $153,764 |
14 | Arthur D & Marvis S Rolland Tr Fbo Worthington Council On Aging | PO BOX 1802, Providence, RI 02901-1802 | RI | 2002-01 | $103,443 |
15 | Abltc Foundation Inc | 422 Post Rd Ste 204, Warwick, RI 02888-1539 | RI | 2014-08 | $100,454 |
16 | Feinstein Family Fund | 41 Alhambra Cir, Cranston, RI 02905-3416 | RI | 1999-08 | $67,741 |
17 | Newport Rotary Charitable Foundation | PO BOX 164, Newport, RI 02840-0002 | RI | 1990-08 | $29,620 |
18 | Avtek 1999 Tr | 201 Hillside Rd No 101, Cranston, RI 02920-5602 | RI | 1999-11 | $0 |
19 | Butler Hospital Foundation | 345 Blackstone Blvd Ste 2, Providence, RI 02906-4829 | RI | 2014-07 | $0 |
20 | Friends Of Hanne Howard Fund Us | Po Box 403, Coventry, RI 02816 | RI | 2014-08 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 1,310 |
Organization representatives - add corrected or new information about Newport Rotary Charitable Foundation »
Non-representatives - add comments about Newport Rotary Charitable Foundation»