Smith Educational Fund 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
| Smith Educational Fund | |
| Employer Identification Number (EIN) | 046033742 |
| Name of Organization | Smith Educational Fund |
| In Care of Name | Fleet Bank Na |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Scholarships (other) |
| Subsection | Educational Organization |
| Ruling Date | 10/1954 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $461,590 |
| Amount of Income | $469,148 |
| Form 990 Revenue Amount | $29,659 |
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 | $33,188 | $33,188 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $10,690 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-49 | |||
| Other | $22,547 | |||
| Total expenses and disbursements | $24,547 | $2,300 | $0 | $21,856 |
| Compensation of officers, directors, trustees, etc. | $3,366 | |||
| Total operating and administrative expenses | $4,072 | $2,300 | $1,381 | |
| Contributions, gifts, grants paid | $20,475 | |||
| Excess of revenue over expenses and disbursements | $8,641 | |||
| Net investment income | $30,888 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $453,995 | $451,868 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $437,032 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $16,963 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $453,995 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $22,547 |
| 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 | $618 |
| Total credits and payments | $545 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $545 |
| 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 | $73 |
| 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 | $447,535 |
| Net value of noncharitable-use assets | $440,820 |
| Minimum investment return | $22,041 |
| Distributable Amount (for 2012) | |
| Distributable amount | $21,423 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $21,423 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $20,062 |
| 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 | Silver Spring Golf Course Inc | 1001 Wampanoag Trl, Riverside, RI 02915-1298 | RI | 1982-09 | $95,646 |
| 2 | Simeon C Smith Trust, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | $117,979 | |
| 3 | Simeon J Fortin Tr Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | 1990-08 | $945,775 |
| 4 | Simionescu Scholarship Foundation For Hackensack High School Inc | PO BOX 1802, Providence, RI 02901-1802 | RI | 1989-10 | $949,536 |
| 5 | Simon Hollander Fund Tr Uw, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $1,072,549 |
| 6 | Slater Technology Fund Inc | 3 Davol Sq Ste A301, Providence, RI 02903-4762 | RI | 1998-12 | $4,696,708 |
| 7 | Slingerland Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1977-03 | $431,527 |
| 8 | Slowinski Estate Fund Trust U W 01100015 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1989-04 | $63,994 |
| 9 | Smith & Aglis Potbelly Manor Inc | 401 Ten Rod Road, North Kingstown, RI 02852-4759 | RI | 2004-12 | $13,069 |
| 10 | Smith Clifford Char Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | $342,558 | |
| 11 | Smith Educational Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1954-10 | $469,148 |
| 12 | Smith Hill Community Development Corporation | 231 Douglas Avenue, Providence, RI 02908-3767 | RI | 1992-10 | $1,460,573 |
| 13 | Smith Hill Realty Corp | 194 Smith St, Providence, RI 02908-4914 | RI | 1980-07 | $30,000 |
| 14 | Smithfield Figure Skating Club Inc | 18 Sharon St, Providence, RI 02908-4219 | RI | 1997-10 | $140,020 |
| 15 | Smithfield Youth Soccer Association | PO BOX 456, Greenville, RI 02828-0456 | RI | 1982-01 | $150,765 |
| 16 | Soccer Rhode Island Inc | 1150 New London Ave Ste Ll1, Cranston, RI 02920-3036 | RI | 2001-03 | $862,483 |
| 17 | Societa Di Soccorso Cittapini Calcbro Amercani | 28 Pleasant St, Westerly, RI 02891-1654 | RI | 2000-01 | $290,850 |
| 18 | Societa Mutuo Socorso Enrico Caruso In Manville Ri | PO BOX 67, Manville, RI 02838-0067 | RI | 2007-07 | $187,072 |
| 19 | Society Of Colonial Wars In Ri & Profidence Plantations | Po Box 1104, East Greenwich, RI 02818 | RI | 1954-04 | $0 |
| 20 | Center For Southeast Asians | 270 Elmwood Ave, Providence, RI 02907-1524 | RI | 1988-10 | $1,168,312 |
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