Pearle W & Martin M Silverstein Foundation 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
| Pearle W & Martin M Silverstein Foundation | |
| Employer Identification Number (EIN) | 050442756 |
| Name of Organization | Pearle W & Martin M Silverstein Foundation |
| In Care of Name | Melvin Zurier Trustee |
| Address | 155 South Main Street, Providence, RI 02903-2963 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $830,595 |
| Amount of Income | $274,930 |
| Form 990 Revenue Amount | $54,951 |
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 | $61,567 | $60,195 | $33,449 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,666 | |||
| Dividends and interest from securities | $24,332 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1,372 | |||
| Other | $34,197 | |||
| Total expenses and disbursements | $42,797 | $0 | $0 | $16,703 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $26,094 | $0 | $0 | |
| Contributions, gifts, grants paid | $16,703 | |||
| Excess of revenue over expenses and disbursements | $18,770 | |||
| Net investment income | $60,195 | |||
| Adjusted net income | $33,449 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $831,092 | $901,162 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $320,854 | |
| Investments-corporate bonds | $367,043 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $93,250 | |
| Other | $49,945 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $831,092 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $34,197 |
| 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 | $602 |
| Total credits and payments | $1,200 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,200 |
| 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 | $0 |
| Overpayment | $598 |
| Amount to be credited to 2013 estimated tax | $598 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| 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 | Pawtuckett Providence Figure Skating Club | PO BOX 374, Pawtucket, RI 02862-0374 | RI | 1995-03 | $149,420 |
| 2 | Pawtuxet Athletic Club | 12 Aborn St, Cranston, RI 02905-3602 | RI | 1996-01 | $372,148 |
| 3 | Pawtuxet Memorial Park | 100 Harrison Ave, Warwick, RI 02888-2840 | RI | 1970-02 | $296,440 |
| 4 | Pawtuxet Memorial Park Trust | 100 Harrison Ave, Warwick, RI 02888-2840 | RI | $24,740 | |
| 5 | Pawtuxet Valley Chamber Of Commerce | 1192 Main Street, West Warwick, RI 02893-4827 | RI | 1993-09 | $78,743 |
| 6 | Pawtuxet Valley Rotary Foundation | Local, West Greenwich, RI 02817 | RI | 2002-12 | $1,225 |
| 7 | Pawtuxet Village Association | PO BOX 8626, Warwick, RI 02888-0599 | RI | 1977-08 | $15,550 |
| 8 | Payn Foundation Uw Louis F Payn 361292 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $1,626,302 |
| 9 | Peace Dale United Church Housing Inc | 1221 Saugatucket Road, Peacedale, RI 02879-2120 | RI | 1979-02 | $1,208,634 |
| 10 | Peace Dale United Housing Inc | 1223 Saugatucket Road, Peace Dale, RI 02879-8113 | RI | 1987-04 | $266,400 |
| 11 | Pearle W & Martin M Silverstein Foundation | 155 South Main Street, Providence, RI 02903-2963 | RI | $274,930 | |
| 12 | Pemberton Place Housing Corporation | 45 Pemberton Avenue, Jamestown, RI 02835-1490 | RI | 1990-04 | $206,526 |
| 13 | Pennsylvania Automobile Insurance Plan | C/O Aipso 302 Central Avenue, Johnston, RI 02919 | RI | 1954-11 | $636,569 |
| 14 | People In Partnerships Inc | 200 Main St Ste 230, Pawtucket, RI 02860-4119 | RI | 1993-12 | $416,226 |
| 15 | People Power & Light | 17 Gordon Ave Ste 201a, Providence, RI 02905-1951 | RI | 2002-08 | $59,363 |
| 16 | People To End Homelessness Inc | 807 Broad St, Providence, RI 02907-1676 | RI | 2000-06 | $113,365 |
| 17 | Peoples Credit Union, Seven Castles Club | 161 Middle Road, Portsmouth, RI 02871-1251 | RI | 1956-04 | $18,436,042 |
| 18 | Peoples Redevelopment Corporation | 200 Gordon Avenue, Providence, RI 02905-1840 | RI | 1972-08 | $926,856 |
| 19 | Percy D Marston Trust Uw Fbo Certain Patients Of Augusta Hosp | PO BOX 1802, Providence, RI 02901-1802 | RI | 1966-04 | $262,568 |
| 20 | Percy Waller Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1992-01 | $2,710,029 |
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