Richard P Paine Trust Uw 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
| Richard P Paine Trust Uw | |
| Employer Identification Number (EIN) | 066031052 |
| Name of Organization | Richard P Paine Trust Uw |
| In Care of Name | Private Bank Tax Services |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Organization | Association |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $9,111,002 |
| Amount of Income | $2,214,074 |
| Form 990 Revenue Amount | $571,218 |
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 | $857,534 | $857,534 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $202,480 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-702 | |||
| Other | $655,756 | |||
| Total expenses and disbursements | $346,515 | $44,602 | $0 | $286,763 |
| Compensation of officers, directors, trustees, etc. | $65,794 | |||
| Total operating and administrative expenses | $91,720 | $44,602 | $31,968 | |
| Contributions, gifts, grants paid | $254,795 | |||
| Excess of revenue over expenses and disbursements | $511,019 | |||
| Net investment income | $812,932 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,090,247 | $7,947,154 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $8,028,201 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $62,046 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $8,090,247 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $655,756 |
| 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 | $16,259 |
| Total credits and payments | $21,866 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $21,866 |
| 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 | $5,607 |
| Amount to be credited to 2013 estimated tax | $5,607 |
| 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 | $7,770,712 |
| Net value of noncharitable-use assets | $7,654,160 |
| Minimum investment return | $382,708 |
| Distributable Amount (for 2012) | |
| Distributable amount | $366,449 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $366,449 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $75,146 |
| 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 | Rhode Island Society For The Prevention Of Cruelty To Animals | 186 Amaral St, Riverside, RI 02915-2223 | RI | 1934-10 | $1,429,917 |
| 2 | Rican-Rhode Island Center Assisting Those In Need | PO BOX 204, Charlestown, RI 02813-0204 | RI | 2008-12 | $341,719 |
| 3 | Richard & Marjorie West Charitable Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 2005-08 | $992,342 |
| 4 | Richard And Ann J Prouty Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-07 | $50,147 |
| 5 | Richard B Hogeboom Tr Uw 323 243500b | PO BOX 1802, Providence, RI 02901-1802 | RI | $2,719 | |
| 6 | Richard D Carmel Char Remainder Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-05 | $361,507 |
| 7 | Richard D Seymour Charitable Trust, Fleet Bank Na | PO BOX 1802, Providence, RI 02901-1802 | RI | 1993-03 | $536,554 |
| 8 | Richard J Rahar Memorial Fund, Ba Nk Of New England West Tx Dept | PO BOX 1802, Providence, RI 02901-1802 | RI | $17,702 | |
| 9 | Richard L Bready Charitable Foundation | 280 Irving Ave, Providence, RI 02906-5544 | RI | 2006-03 | $46,385 |
| 10 | Richard Langshaw Scholarship Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1976-10 | $17,094 |
| 11 | Richard P Paine Trust Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | $2,214,074 | |
| 12 | Richard R Rampino & Edward F Couto Charity Fund Inc | 615 Jefferson Blvd, Warwick, RI 02886-1357 | RI | 1999-11 | $26,415 |
| 13 | Richard Swain Trust No 1 | PO BOX 1802, Providence, RI 02901-1802 | RI | $718,166 | |
| 14 | Richmond Senior Citizens Association | 5 Richmond Townhouse Rd, Wyoming, RI 02898-1247 | RI | 2002-11 | $99,862 |
| 15 | Riesman Foundation Of Rhode Island | 245 Waterman St Ste 402, Providence, RI 02906-5221 | RI | 1958-01 | $350 |
| 16 | Righa Foundation Inc | 334 Broadway, Providence, RI 02909-1102 | RI | 1994-09 | $167,130 |
| 17 | Right To Life Services Inc | PO BOX 28285, Providence, RI 02908-0285 | RI | 1990-11 | $56,055 |
| 18 | Rih Ventures | 593 Eddy St, Providence, RI 02903-4923 | RI | 1991-08 | $5,940,042 |
| 19 | Ring Retirees Association | 645 New London Avenue, Cranston, RI 02920 | RI | 2002-11 | $12,710 |
| 20 | Rebuildri Foundation For Policy Research Inc | C/O Rg Flandersjr 50 Kennedy Plaza, Providence, RI 02903 | RI | 2007-11 | $10,457 |
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