Thompson Scholarship Fund in Newport, 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
| Thompson Scholarship Fund | |
| Employer Identification Number (EIN) | 056012968 |
| Name of Organization | Thompson Scholarship Fund |
| In Care of Name | William Corcoran |
| Address | PO BOX 389, Newport, RI 02840-0389 |
| Activities | Scholarships (other) |
| Subsection | Educational Organization |
| Ruling Date | 01/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,989,347 |
| Amount of Income | $427,812 |
| Form 990 Revenue Amount | $117,607 |
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 | $117,607 | $117,607 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $82,041 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $35,566 | |||
| Total expenses and disbursements | $139,237 | $29,219 | $0 | $105,750 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $34,487 | $29,219 | $1,000 | |
| Contributions, gifts, grants paid | $104,750 | |||
| Excess of revenue over expenses and disbursements | $-21,630 | |||
| Net investment income | $88,388 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,013,110 | $2,198,637 |
| Cash - non-interest-bearing | $9,947 | |
| Investments-U.S. and state government obligations | $101,285 | |
| Investments-corporate stock | $1,164,681 | |
| Investments-corporate bonds | $572,180 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $165,017 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,013,110 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $35,566 |
| 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 | $1,768 |
| Total credits and payments | $1,440 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,440 |
| 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 | $328 |
| 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? | Yes |
| 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 | $2,206,011 |
| Net value of noncharitable-use assets | $2,172,920 |
| Minimum investment return | $108,646 |
| Distributable Amount (for 2012) | |
| Distributable amount | $106,878 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $106,878 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,295 |
| 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 | Thomas And William Gilbane Foundation | 7 Jackson Walkway, Providence, RI 02903-3623 | RI | 1954-02 | $1,239,823 |
| 2 | Thomas B Rounds T-181 Trust Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | 1977-01 | $26,867 |
| 3 | Thomas Carr Watson Tr Uw Fbo | PO BOX 1802, Providence, RI 02901-1802 | RI | 1979-10 | $4,766,943 |
| 4 | Thomas Hawley Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1936-08 | $137,283 |
| 5 | Thomas J Atkins Memorial Fund Trust Nect | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $685,559 |
| 6 | Thomas M Shepard Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | $75,650 | |
| 7 | Thomas Minns Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1972-07 | $802,527 |
| 8 | Thomas P Quinn Scholarship Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1990-03 | $223,334 |
| 9 | Thomas Wilbur Homestead Inc | 3188 Post Rd, Warwick, RI 02886-7175 | RI | 2008-06 | $70,627 |
| 10 | Thompson Free Library Fbo, Marion Fmorrison Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | $235,901 | |
| 11 | Thompson Scholarship Fund | PO BOX 389, Newport, RI 02840-0389 | RI | 1991-01 | $427,812 |
| 12 | Thundermist Foundation | 191 Social Street, Woonsocket, RI 02895-3240 | RI | 2007-07 | $61,663 |
| 13 | Tides Family Services Inc | 215 Washington St, West Warwick, RI 02893-5017 | RI | 1983-11 | $7,405,472 |
| 14 | Tiger Cubs After School Program Inc | 100 North Brayton Road Rear, Tiverton, RI 02878-3313 | RI | 2002-01 | $70,888 |
| 15 | Tilley Charitable Foundation | 116 Mourning Dove Dr, Saunderstown, RI 02874-2205 | RI | 2006-11 | $460,348 |
| 16 | Tillie E Ehrig B Church Christ Scientist | PO BOX 1802, Providence, RI 02901-1802 | RI | $17,159 | |
| 17 | Times2 Inc | 50 Fillmore St, Providence, RI 02908-3105 | RI | 1984-08 | $9,860,356 |
| 18 | Timothy J Mahoney Tr U Ind 1 30292 02 | PO BOX 1802, Providence, RI 02901-1802 | RI | $429,489 | |
| 19 | Timothy J Mee Charitable Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1997-02 | $19,432,932 |
| 20 | Tiverton Junior Basketball League | PO BOX 245, Tiverton, RI 02878 | RI | 1991-10 | $0 |
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