Webb Charities 12521506, Fleet National Bank 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
| Webb Charities 12521506, Fleet National Bank | |
| Employer Identification Number (EIN) | 046567508 |
| Name of Organization | Webb Charities 12521506 |
| Secondary Name | Fleet National Bank |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $250,280 |
| Amount of Income | $81,488 |
| Form 990 Revenue Amount | $23,174 |
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 | $20,559 | $20,481 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $6,807 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-30 | |||
| Other | $13,782 | |||
| Total expenses and disbursements | $13,620 | $2,237 | $0 | $11,258 |
| Compensation of officers, directors, trustees, etc. | $3,346 | |||
| Total operating and administrative expenses | $4,595 | $2,237 | $2,233 | |
| Contributions, gifts, grants paid | $9,025 | |||
| Excess of revenue over expenses and disbursements | $6,939 | |||
| Net investment income | $18,244 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $247,514 | $256,303 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $214,363 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $15,612 | |
| Other | $17,539 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $247,514 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $13,782 |
| 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 | $365 |
| Total credits and payments | $216 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $216 |
| 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 | $149 |
| 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 | $249,140 |
| Net value of noncharitable-use assets | $245,400 |
| Minimum investment return | $12,270 |
| Distributable Amount (for 2012) | |
| Distributable amount | $11,905 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $11,905 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,397 |
| 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 | Washington County Regional Planning Council | 344 Main Street Ste 202, Wakefield, RI 02879-7426 | RI | 2007-06 | $189,941 |
| 2 | Washington Park Citizens Association Inc | 42 Jillson St, Providence, RI 02905-2954 | RI | 1979-04 | $1,044,703 |
| 3 | Washington Square Services Corporation | 50 Washington Square, Newport, RI 02840-3083 | RI | 1991-11 | $610,208 |
| 4 | Watch Hill Conservancy | 56 Wells St, Westerly, RI 02891-2924 | RI | 1999-10 | $3,326,678 |
| 5 | Watch Hill Improvement Society | PO BOX 1451, Westerly, RI 02891-0907 | RI | 1973-02 | $63,250 |
| 6 | Watch Hill Yacht Club Sailing Association | PO BOX 2933, Westerly, RI 02891-0932 | RI | 2006-10 | $1,993 |
| 7 | Waterbury Hospital Uw Fulton I K | PO BOX 1802, Providence, RI 02901-1802 | RI | $2,614,785 | |
| 8 | Watkins Burnham Fund | 90 Elm St, Providence, RI 02903-4647 | RI | 1997-10 | $18,233 |
| 9 | Wb Community Health | 875 Centerville Road, Warwick, RI 02886-4381 | RI | 1999-06 | $125,128,955 |
| 10 | We Learn - Women Expanding Literacy Edu Action Resources Netw | 182 Riverside Ave, Cranston, RI 02910 | RI | 2003-11 | $0 |
| 11 | Webb Charities 12521506, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | $81,488 | |
| 12 | Weekapaug Foundation For Conservation | 366 Post Rd, Westerly, RI 02891-2633 | RI | 1994-04 | $720,000 |
| 13 | Weekapaug Tennis Club | PO BOX 1264, Westerly, RI 02891-0900 | RI | 1983-10 | $141,414 |
| 14 | Weekapaug Yacht Club | 23 Spray Rock Rd, Westerly, RI 02891-4606 | RI | 2009-01 | $186,042 |
| 15 | Weidmuller Inc Retiree Health Benefits Tr | 23 Broad Street, Westerly, RI 02891-1879 | RI | 2008-02 | $73,085 |
| 16 | Weingeroff Family Foundation Tr, Weingeroff Frederick Co-Ttee | 1 Weingeroff Blvd, Cranston, RI 02910-4019 | RI | 2000-07 | $2,305 |
| 17 | Welsford Starr & Mildred M Clark Memorial Medical Tr Ua 4-15-75, Bank Of Boston | PO BOX 1802, Providence, RI 02901-1802 | RI | 1989-09 | $1,989,767 |
| 18 | Wentworth Corporation | 249 Roosevelt Ave, Pawtucket, RI 02860-2134 | RI | 1996-07 | $130,586 |
| 19 | West Bay Christian School Assoc Inc | 475 School St, N Kingstown, RI 02852-1846 | RI | 1982-10 | $1,354,588 |
| 20 | West Bay Collaborative Inc | 144 Bignall Street Ste 1, Warwick, RI 02888-1005 | RI | 1992-11 | $4,591,156 |
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