Newport Rotary Charitable Foundation in Newport, Rhode Island (RI)

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Newport Rotary Charitable Foundation
Employer Identification Number (EIN)223025342
Name of OrganizationNewport Rotary Charitable Foundation
AddressPO BOX 164, Newport, RI 02840-0002
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date08/1990
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period04/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - 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


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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%

Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
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
201220132014
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
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
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
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1United States Fund For Unicef In Kind Assistance Corporation125 Maiden Lane, New York, NY 10038-4912NY2005-11$155,471,904
2Tigers Unlimited FoundationPO BOX 351, Auburn, AL 36831-0351AL2004-02$45,768,295
3The American University Of Greece10 Liberty Square, Boston, MA 02109-5801MA1995-11$102,912,764
4Highland Kansas City Foundation Inc300 Crescent Ct Ste 700, Dallas, TX 75201-7849TX2013-03$22,883,319
5Strategic Investment Fund For La Raza Inc1126 16th Street Nw, Washington, DC 20036-4804DC2001-02$22,320,458
6Gray Family Foundation1221 Sw Yamhill St Ste 100, Portland, OR 97205-2108OR2012-04$21,432,502
7Campus Facilities Improvement Association4 Embarcadero Ctr Fl 17, San Francisco, CA 94111-4158CA2008-12$18,407,151
8Zuckerman Community Outreach Foundation2250 E Broadway Blvd, Tucson, AZ 85719-6014AZ2007-01$15,707,862
9Ocean State Charities Trust1005 Main St Unit 2123, Pawtucket, RI 02860-7806RI1981-07$2,802,502
10John L Patten Trust 091261 N009-43620 Fbo Evanston Hospital APO BOX 1802, Providence, RI 02901-1802RI1977-08$1,846,929
11Louis F Keyes Charitable Remainder Trust Ua Fleet National BankPO BOX 1802, Providence, RI 02901-1802RI1999-11$270,337
12Leona Belnap Trust U-W Bank Of America Ny6-100-09-01, Dr David Tomlinson100 Westminster St, Providence, RI 02903-2394RI2001-12$242,581
13Arthur D & Marvis S Rolland Tr Fbo Worthington Fire DepartmentPO BOX 1802, Providence, RI 02901-1802RI2002-01$153,764
14Arthur D & Marvis S Rolland Tr Fbo Worthington Council On AgingPO BOX 1802, Providence, RI 02901-1802RI2002-01$103,443
15Abltc Foundation Inc422 Post Rd Ste 204, Warwick, RI 02888-1539RI2014-08$100,454
16Feinstein Family Fund41 Alhambra Cir, Cranston, RI 02905-3416RI1999-08$67,741
17Newport Rotary Charitable FoundationPO BOX 164, Newport, RI 02840-0002RI1990-08$29,620
18Avtek 1999 Tr201 Hillside Rd No 101, Cranston, RI 02920-5602RI1999-11$0
19Butler Hospital Foundation345 Blackstone Blvd Ste 2, Providence, RI 02906-4829RI2014-07$0
20Friends Of Hanne Howard Fund UsPo Box 403, Coventry, RI 02816RI2014-08$0
Number of organizations performing similar types of work
Alaska1
Alabama15
Arkansas9
Arizona22
California146
Colorado16
Connecticut11
District of Columbia14
Delaware4
Florida54
Georgia29
Hawaii5
Iowa24
Idaho8
Illinois60
Indiana28
Kansas17
Kentucky13
Louisiana10
Massachusetts45
Maryland30
Maine7
Michigan35
Minnesota18
Missouri16
Mississippi10
Montana7
North Carolina70
North Dakota5
Nebraska12
New Hampshire6
New Jersey39
New Mexico9
Nevada9
New York81
Ohio55
Oklahoma19
Oregon24
Pennsylvania61
Rhode Island12
South Carolina16
South Dakota3
Tennessee23
Texas78
Utah10
Virginia40
Vermont1
Washington38
Wisconsin32
West Virginia7
Wyoming3
International3
Total1,310

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