Michael Carpilio Fine Arts Tr, John & Deborah Carpilio Ttee in Barnet, 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
- Organizations performing similar types of work
| Michael Carpilio Fine Arts Tr, John & Deborah Carpilio Ttee | |
| Employer Identification Number (EIN) | 846394253 |
| Name of Organization | Michael Carpilio Fine Arts Tr |
| Secondary Name | John & Deborah Carpilio Ttee |
| In Care of Name | Michelle D Baker |
| Address | 59 Lamprecht Ln, Barnet, VT 05821-9578 |
| Subsection | Educational Organization |
| Ruling Date | 07/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $194 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $1,000 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2012: $1 (it was $1,000 in 2011)
| Michael Carpilio Fine Arts Tr, John & Deborah Carpilio Ttee: | $1 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2012: $194 (it was $2,579 in 2011)
| This organization: | $194 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2012: $2,385
| Michael Carpilio Fine Arts Tr, John & Deborah Carpilio Ttee: | $2,385 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2012: 0.0
| This organization: | 0.0 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 9.0% |
Expenses 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 | $1 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1 | |||
| Total expenses and disbursements | $2,385 | $0 | $0 | $2,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $385 | $0 | $0 | |
| Contributions, gifts, grants paid | $2,000 | |||
| Excess of revenue over expenses and disbursements | $-2,385 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $194 | $0 |
| Cash - non-interest-bearing | $194 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $194 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | Rowland Foundation Inc | PO BOX 88, S Londonderry, VT 05155-0088 | VT | 2008-12 | $6,603,835 |
| 5 | Vermont Student Development Fund Inc | PO BOX 2000, Winooski, VT 05404-2601 | VT | 2000-12 | $5,419,943 |
| 6 | Roselli Fam Scholarship Tr | C/O Cfsg 316 N Main St, Barre, VT 05641 | VT | 2008-06 | $1,503,936 |
| 7 | Ronald N Terrill Memorial Fund Inc, Terrill Fund | PO BOX 632, Morrisville, VT 05661-0632 | VT | 1965-03 | $177,056 |
| 8 | Music Composition Online Mentoring Program Inc | 382 Hercules Driv, Colchester, VT 05446-5807 | VT | 2002-01 | $116,089 |
| 9 | Young Tradition Vermont Inc | Po Box 613, Fairfax, VT 05454 | VT | 2010-03 | $103,362 |
| 10 | Sias University Foundation | 3 Mendon View Drive, Mendon, VT 05701 | VT | 2014-09 | $80,458 |
| 11 | The Bartenders Open Inc | Po Box 1641, Wilmington, VT 05363 | VT | 2011-05 | $58,173 |
| 12 | Woodstock Area Rotary Charitable Fund Inc | PO BOX 581, Woodstock, VT 05091-0581 | VT | 2001-02 | $56,592 |
| 13 | Warren And Jessie Mitchell Scholarship Fund | PO BOX 120, Newport, VT 05855-0120 | VT | 2012-03 | $49,095 |
| 14 | Sae Vermont Beta Scholarships Inc | 82 Pamela Ct, Williston, VT 05495-9542 | VT | 2002-03 | $32,508 |
| 15 | Jessica Bolognani Scholarship Fund Inc | PO BOX 944, Jacksonville, VT 05342-0944 | VT | 2012-09 | $24,726 |
| 16 | Vermont Student Opportunity Scholarship Fund Inc | PO BOX 232, Williston, VT 05495 | VT | 1998-12 | $17,300 |
| 17 | Rachel Buck Vincent Fund Inc | 163 Morey Rd, Sutton, VT 05867-9632 | VT | 2001-03 | $15,684 |
| 18 | Vermont Teacher Diversity Scholarship Program Inc | 150 Colchester Ave, Burlington, VT 05401-1422 | VT | 2009-10 | $2,423 |
| 19 | Rutland High School Class Of 1965 | 3295 Us Rt 7, Pittsford, VT 05763-9485 | VT | 2008-10 | $37 |
| 20 | Abdoljavad Mohaghegh Educational Foundation Inc | 294 Stonybrook Dr, Williston, VT 05495-7402 | VT | 2008-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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