Copley Fund in Morrisville, Vermont (VT)
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 Vermont
| Copley Fund | |
| Employer Identification Number (EIN) | 036006013 |
| Name of Organization | Copley Fund |
| In Care of Name | Richard Sargent & Robert Parker |
| Address | PO BOX 696, Morrisville, VT 05661-0696 |
| Activities | Housing for the aged (see also 153) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1969 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $786,464 |
| Amount of Income | $439,894 |
| Form 990 Revenue Amount | $184,915 |
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 | $205,943 | $205,943 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $181,287 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $24,656 | |||
| Total expenses and disbursements | $211,882 | $15,951 | $0 | $195,400 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $16,482 | $15,951 | $0 | |
| Contributions, gifts, grants paid | $195,400 | |||
| Excess of revenue over expenses and disbursements | $-5,938 | |||
| Net investment income | $189,991 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $797,988 | $4,010,776 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $388,258 | |
| Investments-corporate bonds | $389,363 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $20,367 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $797,988 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $24,656 |
| 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 | $3,800 |
| Total credits and payments | $3,720 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,720 |
| 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 | $80 |
| 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 | $4,083,938 |
| Net value of noncharitable-use assets | $4,022,660 |
| Minimum investment return | $201,133 |
| Distributable Amount (for 2012) | |
| Distributable amount | $197,334 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $197,334 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $56,562 |
| 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 Vermont | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Connecticut River Tours Inc | 28 Vernon St Ste 502, Brattleboro, VT 05301-3668 | VT | 1993-10 | $7,080 |
| 2 | Connecticut River Transit Inc | 706 Rockingham Rd, Bellows Falls, VT 05101-3151 | VT | 2004-01 | $5,257,552 |
| 3 | Connecticut River Valley Revolving Loan Fund | Po Box 58, Springfield, VT 05156 | VT | 1994-11 | $0 |
| 4 | Connecticut Valley Sno-Riders Inc | PO BOX 33, Guildhall, VT 05905-0033 | VT | 1974-03 | $81,062 |
| 5 | St Johns Club Inc, St Johns Club | 9 Central Ave, Burlington, VT 05401-5229 | VT | 1990-10 | $427,616 |
| 6 | Conservation & Research Foundation Inc | PO BOX 909, Shelburne, VT 05482-0909 | VT | 1955-10 | $760,628 |
| 7 | The Converse Home Inc | 272 Church St, Burlington, VT 05401-8452 | VT | 1941-07 | $4,430,861 |
| 8 | Coolidge Apartments Corporation | 262 N Main St, White Riv Jct, VT 05001-7027 | VT | 1994-11 | $107,405 |
| 9 | Cooper Family Foundation Inc | 1505 Spear St, S Burlington, VT 05403-7902 | VT | 2006-09 | $190,340 |
| 10 | Copeland Center For Wellness And Recovery Incorporated | 1556 E West Rd, Dummerston, VT 05301-9531 | VT | 2007-03 | $951,625 |
| 11 | Copley Fund | PO BOX 696, Morrisville, VT 05661-0696 | VT | 1969-10 | $439,894 |
| 12 | Copley Health Systems Inc | 528 Washington Hwy, Morrisville, VT 05661-8973 | VT | 1992-09 | $4,879,014 |
| 13 | Copley Hospital Auxiliary Inc | 528 Washington Hwy, Morrisville, VT 05661-8973 | VT | 1978-11 | $138,729 |
| 14 | Copley Hospital Inc | 528 Washington Hwy, Morrisville, VT 05661-8973 | VT | 1934-04 | $62,031,149 |
| 15 | Copley House Inc | 72 Harrel St, Morrisville, VT 05661-8526 | VT | 2000-09 | $213,613 |
| 16 | The Manor Inc | 577 Washington Hwy, Morrisville, VT 05661-8972 | VT | 1998-09 | $7,743,038 |
| 17 | Copley Professional Services Group Inc | PO BOX 749, Morrisville, VT 05661-0749 | VT | 1998-03 | $11,936,702 |
| 18 | Cornish Colony Museum Foundation | 147 Main St, Windser, VT 05089-1338 | VT | 2001-05 | $268,030 |
| 19 | Cornwell Volunteer Fire Department Inc | 1952 Route 30, Cornwall, VT 05753-9268 | VT | 1990-05 | $70,139 |
| 20 | Corporal Robert Bagnall Usmc Memorial Scholarship Fund | 87 Wickham Ln, Wallingford, VT 05773-9503 | VT | 1993-06 | $1,597 |
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