The@samuel And Hazel Cherniack Memorial 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
- Organizations performing similar types of work
| The@samuel And Hazel Cherniack Memorial Fund | |
| Employer Identification Number (EIN) | 066316291 |
| Name of Organization | The@samuel And Hazel Cherniack Memorial Fund |
| In Care of Name | Fleet National Bank |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Subsection | Charitable Organization |
| Ruling Date | 12/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,443,668 |
| Amount of Income | $887,240 |
| Form 990 Revenue Amount | $72,298 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2014: $887,240 (it was $911,328 in 2012)
| The@samuel And Hazel Cherniack Memorial Fund: | $887,240 |
| Other organizations performing similar types of work: | $77,789 |
Assets in 2014: $1,443,668 (it was $1,374,348 in 2012)
| This organization: | $1,443,668 |
| Other organizations performing similar types of work: | $132,109 |
Expenses in 2012: $75,329
| This organization: | $75,329 |
| Other organizations performing similar types of work: | $27,760 |
Income to expenses ratio in 2012: 11.8
| This organization: | 11.8 |
| Other organizations performing similar types of work: | 7.8 |
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 | $94,012 | $93,865 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $37,244 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $56,768 | |||
| Total expenses and disbursements | $75,329 | $9,829 | $0 | $64,572 |
| Compensation of officers, directors, trustees, etc. | $15,483 | |||
| Total operating and administrative expenses | $18,717 | $9,829 | $7,960 | |
| Contributions, gifts, grants paid | $56,612 | |||
| Excess of revenue over expenses and disbursements | $18,683 | |||
| Net investment income | $84,036 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,374,348 | $1,385,604 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,267,313 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $107,035 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,374,348 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $56,768 |
| 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 | $840 |
| Total credits and payments | $626 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $626 |
| 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 | $214 |
| 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 | $1,364,483 |
| Net value of noncharitable-use assets | $1,344,020 |
| Minimum investment return | $67,201 |
| Distributable Amount (for 2012) | |
| Distributable amount | $66,361 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $66,361 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $13,155 |
| 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 | Alfred J Mcallister And Dorothy N Mcallister Foundation | 2310 N 725 E, Lafayette, IN 47905-9693 | IN | 2000-02 | $10,741,673 |
| 2 | William Hadwen Ames Memorial Fund, 213-099008533093 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-08 | $5,575,345 |
| 3 | The Joan And John Vatterott Family Foundation | 1144 Gulf Shores Blvd, Naples, FL 34102-7013 | FL | 2007-04 | $1,787,573 |
| 4 | William Ludwig Tr Ua Fbo Cheshire Academy 22f209 | PO BOX 40200, Jacksonville, FL 32203-0200 | FL | 1999-05 | $1,127,276 |
| 5 | The@samuel And Hazel Cherniack Memorial Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1999-12 | $887,240 |
| 6 | Thomas Benjamin Combs Tr, Obrien Paul A Ttee | 2419 Nottingham Dr, Falls Church, VA 22043-3127 | VA | 2000-01 | $835,405 |
| 7 | Third Growth Foundation Inc | PO BOX 2803, Ponte Vedra, FL 32004-2803 | FL | 2008-06 | $368,495 |
| 8 | The John H And Elenor H Maxhelm Foundation | 6805 Morrison Blvd Ste 310, Charlotte, NC 28211-3586 | NC | 1999-11 | $215,604 |
| 9 | Wisnefski Foundation Inc | 594 Jewett Ave, Staten Island, NY 10314-2802 | NY | 1999-07 | $155,377 |
| 10 | Armand Gregoire Tr Fbo St John | PO BOX 1802, Providence, RI 02901-1802 | RI | 1999-11 | $125,561 |
| 11 | Rykken & Scull Charitable Trust, Spahr Jim Pres | 3800 N State St Spc 26, Ukiah, CA 95482-9512 | CA | 2004-12 | $57,437 |
| 12 | Vital Interventions Accessible Inc | 598 Indian Trail Rd S, Indian Trail, NC 28079-8689 | NC | 2007-08 | $15,595 |
| 13 | Thomas And Diane Krueger Family Foundation Inc | 4113 Fairfax Ct, Evansville, IN 47710-3726 | IN | 2000-02 | $12,283 |
| 14 | Sheer Family Charitable Foundation | 129 Island Dr S, Ocean Ridge, FL 33435-3335 | FL | 2000-03 | $10,162 |
| 15 | Elias Family Charitable Foundation 06192009, Sophie Elias Et Al Ttee | 9858 Clint Moore Rd, Boca Raton, FL 33496-1034 | FL | 2009-10 | $1,332 |
| 16 | Berg Fam Foundation Irrv Declaration Of Tr 08232002, Berg Alan Ttee | 17016 Brookwood Dr, Boca Raton, FL 33496-5926 | FL | 2003-06 | $1 |
| 17 | Furman Family Foundation | 205 Rockingham Rd, Greenville, SC 29607-3622 | SC | 2001-10 | $1 |
| 18 | Sinclair-Uselmann Charitable Foundation Inc | 408 Arbours Dr, Savoy, IL 61874-9752 | IL | 2001-10 | $1 |
| 19 | The@nancy And Andrew Jarecki Charitable Trust And Foundation, Jarecki Andrew & Nancy Ttee | C/O Vogel Co 685 Post Road, Darien, CT 06820 | CT | 2000-06 | $1 |
| 20 | Omar Family Magnate Foundation Inc | 1 Sanford Ct, Valley Stream, NY 11581-2504 | NY | 2001-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||
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| Total | 64 | ||||||||||||||||||||||||||||||||||||||||||||
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