The Norman And Rosalie Fain Family Foundation in Pawtucket, 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
| The Norman And Rosalie Fain Family Foundation | |
| Employer Identification Number (EIN) | 056022655 |
| Name of Organization | The Norman And Rosalie Fain Family Foundation |
| Address | 505 Central Ave, Pawtucket, RI 02861-1945 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 04/1967 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $10,468,386 |
| Amount of Income | $1,403,250 |
| Form 990 Revenue Amount | $1,165,668 |
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 | $2,570,667 | $98,558 | $0 | |
| Contributions, gifts, grants, etc., received | $2,607,725 | |||
| Interest on savings and temporary cash investments | $7,581 | |||
| Dividends and interest from securities | $90,977 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Gross sales less returns and allowances | $-938,961 | |||
| Less: Cost of goods sold | $938,961 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $946,157 | $10,843 | $0 | $934,150 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $12,057 | $10,843 | $50 | |
| Contributions, gifts, grants paid | $934,100 | |||
| Excess of revenue over expenses and disbursements | $1,624,510 | |||
| Net investment income | $87,715 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $9,818,448 | $10,246,582 |
| Cash - non-interest-bearing | $41,366 | |
| Investments-U.S. and state government obligations | $3,131,146 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $6,645,936 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $9,818,448 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-135,616 |
| 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 | $1,754 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $31 |
| Tax due | $1,785 |
| 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 | $9,234,793 |
| Net value of noncharitable-use assets | $9,096,280 |
| Minimum investment return | $454,814 |
| Distributable Amount (for 2012) | |
| Distributable amount | $453,060 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $453,060 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Hive Archive Inc | 67 Hillside Ave, Providence, RI 02906-2915 | RI | 2001-05 | $17,273 |
| 2 | The Interfaith Community Dire Emergency Fund | C/O Fiscal Office One Cathedral Sq, Providence, RI 02903 | RI | 1984-03 | $99,588 |
| 3 | The Joan And Leonard Engle Family Foundation | 54 Wingate Rd, Providence, RI 02906-4938 | RI | 1986-11 | $154,203 |
| 4 | The John And Karin Mccormick Foundation Inc | 3 Pawcatuck Ave, Watch Hill, RI 02891-5721 | RI | 1987-10 | $773 |
| 5 | The John Fields Charles Hannagan And David Walters Charitable Fdn | PO BOX 1802, Providence, RI 02901-1802 | RI | 1995-05 | $225,936 |
| 6 | The Jonnycake Center Inc | 1231 Kingstown Rd, Peace Dale, RI 02879-2441 | RI | 1978-06 | $622,443 |
| 7 | The Mary Reinhart Stackhouse Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-11 | $264,816 |
| 8 | The Mazzini Society Of Utica Prize | PO BOX 1802, Providence, RI 02901-1802 | RI | 1988-11 | $1 |
| 9 | The Museum Associates Risd | 224 Benefit St, Providence, RI 02903-2711 | RI | 1979-08 | $99,492 |
| 10 | The National Tennis Club Inc | PO BOX 232, Newport, RI 02840-0203 | RI | 1990-11 | $305,719 |
| 11 | The Norman And Rosalie Fain Family Foundation | 505 Central Ave, Pawtucket, RI 02861-1945 | RI | 1967-04 | $1,403,250 |
| 12 | The Old Town Hall Museum Corporation Incorporated | PO BOX 713, Westerly, RI 02891 | RI | 1991-08 | $0 |
| 13 | The Pauls Specialized Foster Home Inc | 390 Oregon Ave, Woonsocket, RI 02895-4949 | RI | 1986-10 | $480,611 |
| 14 | The Perishable Theater | 95 Empire St, Providence, RI 02903-3217 | RI | 1992-11 | $227,386 |
| 15 | The Players | 400 Benefit St, Providence, RI 02903-2924 | RI | 1987-04 | $99,503 |
| 16 | The Providence Center Inc | 528 N Main Street, Providence, RI 02904-5757 | RI | 1972-02 | $42,294,938 |
| 17 | The Providence Community Health Centers Inc | 375 Allens Ave, Providence, RI 02905-5010 | RI | 1978-10 | $34,999,974 |
| 18 | The Rainbow Foundation | 100 Westminster St Ste 1500, Providence, RI 02903-2395 | RI | 2008-03 | $22,737 |
| 19 | The Review Of International Political Economy Editorial Board | 111 Thayer Street - The Watson, Providence, RI 02912-9043 | RI | 2006-10 | $29,286 |
| 20 | The Rhode Island Building Officials Association | PO BOX 6125, Warwick, RI 02887-6125 | RI | 2007-05 | $61,467 |
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