Oliver Root Trust Uw 9-70749-0, Fleet National Bank 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
| Oliver Root Trust Uw 9-70749-0, Fleet National Bank | |
| Employer Identification Number (EIN) | 046060546 |
| Name of Organization | Oliver Root Trust Uw 9-70749-0 |
| Secondary Name | Fleet National Bank |
| In Care of Name | Fleet Private Clients Group |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | 4947(a)(2) trust |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Ruling Date | 07/1980 |
| Foundation | All organizations except 501(c)(3) |
| Organization | Trust |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $230,646 |
| Amount of Income | $78,810 |
| Form 990 Revenue Amount | $22,276 |
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 | $25,639 | $25,565 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $6,384 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-29 | |||
| Other | $19,284 | |||
| Total expenses and disbursements | $13,446 | $2,675 | $0 | $10,627 |
| Compensation of officers, directors, trustees, etc. | $4,093 | |||
| Total operating and administrative expenses | $5,226 | $2,675 | $2,407 | |
| Contributions, gifts, grants paid | $8,220 | |||
| Excess of revenue over expenses and disbursements | $12,193 | |||
| Net investment income | $22,890 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $228,454 | $237,939 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $201,022 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $14,763 | |
| Other | $12,669 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $228,454 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $19,284 |
| 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 | $458 |
| Total credits and payments | $200 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $200 |
| 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 | $258 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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 | $233,355 |
| Net value of noncharitable-use assets | $229,860 |
| Minimum investment return | $11,493 |
| Distributable Amount (for 2012) | |
| Distributable amount | $11,035 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $11,035 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $930 |
| 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 | Olean Foundation | 101 Airport Road, Westerly, RI 02891-3432 | RI | 1984-11 | $225,777 |
| 2 | Olga D Rasmussen Award | PO BOX 1802, Providence, RI 02901-1802 | RI | 1991-03 | $120,139 |
| 3 | Olga E E Blasser Trust Ui 092772 Fbo Olga E E Blasser | PO BOX 1802, Providence, RI 02901-1802 | RI | 1974-06 | $34,496 |
| 4 | Olga Sipolin Childrens Fund 0006350310 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-01 | $275,075 |
| 5 | Stengel Olive F Tr U Art 7 O W, Fleet National Bank Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $1,178,352 |
| 6 | Stengel Olive F Tr U Art 6 O W | PO BOX 1802, Providence, RI 02901-1802 | RI | $241,437 | |
| 7 | Tuw Olive H Robinson | PO BOX 1802, Providence, RI 02901-1802 | RI | 2010-04 | $144,552 |
| 8 | Olive Higgins Prouty Foundation Inc State Street Bank And Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1953-08 | $511,222 |
| 9 | Oliver B Quinby Trust Uw 18-2670-0 Bank Of New England-So Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 1986-11 | $609,003 |
| 10 | Oliver Hazard Perry Rhode Island Inc | 49b Bowens Wharf, Newport, RI 02840 | RI | 2005-12 | $1,466,143 |
| 11 | Oliver Root Trust Uw 9-70749-0, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | 1980-07 | $78,810 |
| 12 | Olmsted Gardens Inc | 2 Regency Plz Ste 18, Providence, RI 02903-3143 | RI | 2000-08 | $602,695 |
| 13 | Olneyville Housing Corp | 66 Chaffee St, Providence, RI 02909-2734 | RI | 1990-02 | $2,473,039 |
| 14 | Olneyville Neighborhood Association | 122 Manton Ave Ste 8, Providence, RI 02909-3369 | RI | 2006-07 | $47,134 |
| 15 | Olympias Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 2002-02 | $59,477 |
| 16 | Omni Development Corporation | 810 Eddy St, Providence, RI 02905-4808 | RI | 1986-12 | $6,015,197 |
| 17 | Omni-Governor Inc | 810 Eddy St, Providence, RI 02905-4808 | RI | 1995-05 | $558,264 |
| 18 | Open Source Project For A Network | 165 Dean Knauss Dr, Narragansett, RI 02882-1172 | RI | 2002-02 | $556,324 |
| 19 | Opendoors | 841 Broad St, Providence, RI 02907-1605 | RI | 2002-12 | $1,060,927 |
| 20 | Opera Providence | 585 Elmgrove Ave, Providence, RI 02906-3540 | RI | 1991-09 | $151,261 |
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