North Family Trust Robert Cummings Margaret Hogan, Louis G Murphy Jr Trustees in Wakefield, 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
| North Family Trust Robert Cummings Margaret Hogan, Louis G Murphy Jr Trustees | |
| Employer Identification Number (EIN) | 056091467 |
| Name of Organization | North Family Trust Robert Cummings Margaret Hogan |
| Secondary Name | Louis G Murphy Jr Trustees |
| Address | 344 Main St Ste 200, Wakefield, RI 02879-7406 |
| Activities | Gifts, grants, or loans to other organizations, Supplying money, goods or services to the poor |
| Subsection | Charitable Organization |
| Ruling Date | 05/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,209,118 |
| Amount of Income | $854,950 |
| Form 990 Revenue Amount | $114,787 |
Non-representatives - add comments:
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 | $28,010 | $32,972 | $55,239 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $32,972 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $113,136 | $30,452 | $18,500 | $64,184 |
| Compensation of officers, directors, trustees, etc. | $37,000 | |||
| Total operating and administrative expenses | $51,956 | $30,452 | $3,004 | |
| Contributions, gifts, grants paid | $61,180 | |||
| Excess of revenue over expenses and disbursements | $-85,126 | |||
| Net investment income | $2,520 | |||
| Adjusted net income | $36,739 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,361,966 | $1,123,715 |
| Cash - non-interest-bearing | $34,689 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,327,277 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,361,966 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-4,962 |
| 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 | $50 |
| Total credits and payments | $1,760 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,760 |
| 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 | $1,710 |
| Amount to be credited to 2013 estimated tax | $1,710 |
| 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? | No |
| 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 | $1,199,709 |
| Net value of noncharitable-use assets | $1,181,720 |
| Minimum investment return | $59,086 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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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| Other organizations in Rhode Island | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Norman J & Anna B Gould Scholarship Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1965-04 | $131,410 |
| 2 | Norman J & Anna B Gould Scholarship Fund, Fleet Investment Services | PO BOX 1802, Providence, RI 02901-1802 | RI | $775,339 | |
| 3 | Norman J Moser Tt B2555, Fbo Vari Charities | PO BOX 1802, Providence, RI 02901 | RI | $172,401 | |
| 4 | Norris Cotton Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1999-11 | $593,787 |
| 5 | Norris W Rathbun Trust Fbo, Rathbun Free Memorial Library | PO BOX 1802, Providence, RI 02901-1802 | RI | 1943-05 | $358,292 |
| 6 | North American Uechi Karate Association Inc, Nauka | PO BOX 16324, Rumford, RI 02916-0694 | RI | 2009-01 | $17,855 |
| 7 | North Central Chamber Of Commerce | 255 Greenville Ave, Johnston, RI 02919-4111 | RI | 1987-06 | $99,639 |
| 8 | North Dakota Automobile Insurance Plan | C/O Aipso 302 Central Avenue, Johnston, RI 02919-4932 | RI | 1952-05 | $0 |
| 9 | North East Research And Education Network Inc | 6946 Post Rd Ste 402, N Kingstown, RI 02852-7613 | RI | 2004-11 | $1,119,730 |
| 10 | Greater North End Community Development Inc | 68 Pierce St, Westerly, RI 02891-1616 | RI | 1997-05 | $7,747 |
| 11 | North Family Trust Robert Cummings Margaret Hogan, Louis G Murphy Jr Trustees | 344 Main St Ste 200, Wakefield, RI 02879-7406 | RI | 1992-05 | $854,950 |
| 12 | North Foster Day Care Inc | PO BOX 235, Foster, RI 02825-0235 | RI | 1987-06 | $186,870 |
| 13 | North Kingstown Chamber Of Commerce Inc | 8045 Post Rd, N Kingstown, RI 02852-4423 | RI | 1978-03 | $166,095 |
| 14 | North Kingstown Community Chorus Inc | PO BOX 53, North Kingstown, RI 02852 | RI | 1989-10 | $0 |
| 15 | North Kingstown Free Library Corp | 100 Boone Street, North Kingstown, RI 02852 | RI | 1994-09 | $23,661 |
| 16 | North Kingstown Senior Association | PO BOX 313, N Kingstown, RI 02852-0313 | RI | 1975-12 | $52,962 |
| 17 | North Kingstown Soccer Assn Inc | PO BOX 96, N Kingstown, RI 02852-0096 | RI | 1992-12 | $161,171 |
| 18 | North Providence Boys & Girls Club Alumni Association | 17 Forestwood Drive, Smithfield, RI 02917 | RI | 2003-10 | $0 |
| 19 | North Providence Youth Basketball Association Inc | 2 Sack St, N Providence, RI 02911-2710 | RI | 1984-04 | $51,301 |
| 20 | North Scituate Fire Dept 1 | 201 Danielson Pike, N Scituate, RI 02857-1906 | RI | 1993-07 | $107,421 |
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