Rm2 Foundation in N Kingstown, 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
- Organizations performing similar types of work
Rm2 Foundation | |
Employer Identification Number (EIN) | 050494286 |
Name of Organization | Rm2 Foundation |
In Care of Name | Marc Perlman |
Address | 375 Commerce Park Rd, N Kingstown, RI 02852-8420 |
Activities | Gifts, grants, or loans to other organizations, Community Chest, United Way, etc. |
Subsection | Charitable Organization |
Ruling Date | 02/1997 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Trust |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 11/2013 |
Assets | $1,000,000 to $4,999,999 |
Income | $1,000,000 to $4,999,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $1,592,668 |
Amount of Income | $1,861,512 |
Form 990 Revenue Amount | $177,680 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $1,861,512 (it was $162,431 in 2012)
This organization: | $1,861,512 |
Other organizations performing similar types of work: | $111,264 |
Assets in 2013: $1,592,668 (it was $278,907 in 2012)
This organization: | $1,592,668 |
Other organizations performing similar types of work: | $456,177 |
Expenses in 2012: $75,620
Rm2 Foundation: | $75,620 |
Other organizations performing similar types of work: | $62,907 |
Income to expenses ratio in 2012: 24.6
Rm2 Foundation: | 24.6 |
Other organizations performing similar types of work: | 2.3 |
Grants share in income in 2012: 31.8%
This organization: | 31.8% |
Other organizations performing similar types of work: | 2.3% |
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 | $47,182 | $32,182 | $0 | |
Contributions, gifts, grants, etc., received | $15,000 | |||
Interest on savings and temporary cash investments | $19 | |||
Dividends and interest from securities | $7,631 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $24,532 | |||
Total expenses and disbursements | $75,620 | $306 | $0 | $75,314 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $306 | $306 | $0 | |
Contributions, gifts, grants paid | $75,314 | |||
Excess of revenue over expenses and disbursements | $-28,438 | |||
Net investment income | $31,876 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $278,907 | $372,842 |
Cash - non-interest-bearing | $43,149 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $235,758 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $278,907 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $24,532 |
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 | $638 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $14 |
Tax due | $652 |
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? | 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 | $403,164 |
Net value of noncharitable-use assets | $397,120 |
Minimum investment return | $19,856 |
Distributable Amount (for 2012) | |
Distributable amount | $19,218 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $19,218 |
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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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Sasco Foundation | 2750 Moore Ave, Fullerton, CA 92833-2563 | CA | 1997-09 | $10,219,688 |
2 | Sharna & Irvin Frank Foundation | 3125 S Yale Ave Ste B, Tulsa, OK 74135-8037 | OK | 1996-12 | $9,485,154 |
3 | Servant Foundation | PO BOX 7127, Shawnee Msn, KS 66207-0127 | KS | 1996-11 | $4,324,050 |
4 | The@bangor Savings Bank Foundation | 99 Franklin St, Bangor, ME 04401-4911 | ME | 1997-09 | $2,848,907 |
5 | Rm2 Foundation | 375 Commerce Park Rd, N Kingstown, RI 02852-8420 | RI | 1997-02 | $1,861,512 |
6 | The Ingebritson Family Foundation | 2201 E Camelback Rd 202, Phoenix, AZ 85016-3431 | AZ | 1996-11 | $1,023,890 |
7 | Wallace Family Foundation, Wallace Richard C Ttee | 675 Paradise Ave, Middletown, RI 02842-5730 | RI | 1997-02 | $634,817 |
8 | Welch Family Foundation | 1100 Oneok Plaza 100 W Fifth St, Tulsa, OK 74103 | OK | 1996-12 | $557,898 |
9 | Spionkop Charitable Tr, Pratt Richardson Jr & Mary O Tteeso | 355 Lexington Ave Fl 8, New York, NY 10017-6603 | NY | 1997-02 | $458,044 |
10 | Pisa Foundation | 121 Hidden Mere Ln, N Kingstown, RI 02852-3700 | RI | 1997-02 | $239,237 |
11 | The Steven E And Michelle Karol Charitable Foundation Trust | 750 Marrett Ste 401, Lexington, MA 02421-7309 | MA | 1995-09 | $202,218 |
12 | Ysf Foundation | 1244 49th St, Brooklyn, NY 11219-3011 | NY | 1995-08 | $115,768 |
13 | Eaton Senior Communities Foundation | 333 S Eaton St, Lakewood, CO 80226-3544 | CO | 1995-01 | $104,725 |
14 | Oneill Foundation | 5555 San Felipe-Ste 200, Houston, TX 77056 | TX | 1996-11 | $74,054 |
15 | The Savings Bank Charitable Foundation Inc | PO BOX 30, Wakefield, MA 01880-0030 | MA | 1997-09 | $64,179 |
16 | Howard & Mildred Orr Charitable Tr Ua | PO BOX 1802, Providence, RI 02901-1802 | RI | 1995-11 | $50,266 |
17 | William G Hieber Jr & Jean F Hieber Charitable Foundation | 314 Cambridge Ave, Garden City, NY 11530-5419 | NY | 1997-02 | $28,908 |
18 | Youths Benefit Elementary School Educational Foundation Inc | PO BOX 223, Fallston, MD 21047-0223 | MD | 1995-11 | $22,460 |
19 | William R Fenoglio Foundation | 2425 N 8th St, Terre Haute, IN 47804-1808 | IN | 1997-02 | $15,563 |
20 | The Reinhold Foundation | PO BOX 986, Heber City, UT 84032-0986 | UT | 1996-11 | $12,006 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 85 |
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