Sholes Charitable Foundation in Warwick, 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
| Sholes Charitable Foundation | |
| Employer Identification Number (EIN) | 046183662 |
| Name of Organization | Sholes Charitable Foundation |
| In Care of Name | Sampson Sholes |
| Address | 1375 Warwick Ave, Warwick, RI 02888-5066 |
| Activities | Preservation of natural resources (conservation) |
| Subsection | Charitable Organization |
| Ruling Date | 04/1968 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2014 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $114,447 |
| Amount of Income | $7,724 |
| Form 990 Revenue Amount | $4,335 |
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 | $6,100 | $6,100 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $6,100 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $11,084 | $84 | $0 | $11,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $84 | $84 | $0 | |
| Contributions, gifts, grants paid | $11,000 | |||
| Excess of revenue over expenses and disbursements | $-4,984 | |||
| Net investment income | $6,016 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $120,220 | $120,220 |
| Cash - non-interest-bearing | $61,142 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $59,078 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $120,220 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $60 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $60 |
| 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 | $210,000 |
| Net value of noncharitable-use assets | $206,860 |
| Minimum investment return | $10,343 |
| Distributable Amount (for 2012) | |
| Distributable amount | $10,283 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $10,283 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $10,283 |
| 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 | Service Employees International Union, 401 | 1704 Broad St, Cranston, RI 02905-2720 | RI | 1942-11 | $126,884 |
| 2 | Service Employees International Union, 580 Seiu Local | 280 Broadway 2nd Fl, Providence, RI 02903-3007 | RI | 1943-11 | $96,564 |
| 3 | Service Employees International Union, 580 Seiu Social Service Allance | 1258 Elmwood Ave, Providence, RI 02907-3745 | RI | 1943-11 | $402,112 |
| 4 | Seth Clute Memorial Tr Uw Norstar Bank Of Upstate Ny | PO BOX 1802, Providence, RI 02901-1802 | RI | $42,933 | |
| 5 | Seth P Beers Trust Uw Fbo, St Michaels Parish Et Al | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $218,903 |
| 6 | Seth Sprague Educational & Charit Able Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1941-01 | $34,399,966 |
| 7 | Shalom Ii Housing Inc | 2 Shalom Drive, Warwick, RI 02886-1621 | RI | 1994-08 | $432,668 |
| 8 | Shaws Supermarkets Charitable Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1962-03 | $381,495 |
| 9 | Sher Lemon Swim Club Inc Mendon Road Cumberland Hill R I | PO BOX 55, Manville, RI 02838-0055 | RI | 1963-12 | $187,524 |
| 10 | Sheri And Donald R Sweitzer Foundation | 250 Major Potter Rd, Warwick, RI 02886-9547 | RI | 2004-12 | $19,394 |
| 11 | Sholes Charitable Foundation | 1375 Warwick Ave, Warwick, RI 02888-5066 | RI | 1968-04 | $7,724 |
| 12 | Shriners Of Rhode Island Charities Trust | 1 Rhodes Pl, Cranston, RI 02905-3326 | RI | 1993-01 | $7,626,542 |
| 13 | Shs Ventures Inc | 111 Brewster St, Pawtucket, RI 02860-4474 | RI | 2002-12 | $580,997 |
| 14 | Shurtleff Childrens Services Inc | PO BOX 1802, Providence, RI 02901-1802 | RI | 1943-10 | $1,650,982 |
| 15 | Sidney A Kent Trust Fbo Kent Librar | PO BOX 1802, Providence, RI 02901-1802 | RI | 1942-09 | $66,850 |
| 16 | Sidney E W Clarke Tr Ui | PO BOX 1802, Providence, RI 02901-1802 | RI | 2005-08 | $402,833 |
| 17 | Sidney F Jones Trust, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | $77,529 | |
| 18 | Sidney Webster Memorial Fund Tr 3-9328-00-0 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1976-01 | $38,157 |
| 19 | Sigma Alpha Epislon Fraternity, Rhode Island Alpha Chapter Building | 7 Heritage Cir, N Providence, RI 02904-3830 | RI | 2002-09 | $64,910 |
| 20 | Sigma Chi Frat Brown Univ Alumni Assn House Corp | PO BOX 603364, Providence, RI 02906-0764 | RI | 1985-02 | $350 |
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