Richard E And Deborah L Tarrant Foundation Inc in Winooski, 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
| Richard E And Deborah L Tarrant Foundation Inc | |
| Employer Identification Number (EIN) | 030364509 |
| Name of Organization | Richard E And Deborah L Tarrant Foundation Inc |
| Address | 20 Winooski Falls Way Ste 450 Po Bo, Winooski, VT 05404-2228 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $10,433,111 |
| Amount of Income | $1,447,723 |
| Form 990 Revenue Amount | $1,589,975 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $1,447,723 (it was $894,294 in 2012)
| Richard E And Deborah L Tarrant Foundation Inc: | $1,447,723 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $10,433,111 (it was $10,689,859 in 2012)
| This organization: | $10,433,111 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $1,455,464
| Richard E And Deborah L Tarrant Foundation Inc: | $1,455,464 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 1.0
| Richard E And Deborah L Tarrant Foundation Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
| Richard E And Deborah L Tarrant Foundation Inc: | 0.0% |
| Other organizations performing similar types of work: | 22.8% |
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 | $894,294 | $851,692 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $407,466 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-2,245 | |||
| Other | $489,073 | |||
| Total expenses and disbursements | $1,455,464 | $137,001 | $0 | $1,315,907 |
| Compensation of officers, directors, trustees, etc. | $115,838 | |||
| Total operating and administrative expenses | $310,804 | $137,001 | $171,247 | |
| Contributions, gifts, grants paid | $1,144,660 | |||
| Excess of revenue over expenses and disbursements | $-561,170 | |||
| Net investment income | $714,691 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $10,689,859 | $12,047,735 |
| Cash - non-interest-bearing | $102,234 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $10,572,287 | |
| Other | $15,338 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $10,689,859 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $489,073 |
| 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 | $7,147 |
| Total credits and payments | $18,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $14,280 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $3,720 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $63 |
| Tax due | $0 |
| Overpayment | $10,790 |
| Amount to be credited to 2013 estimated tax | $7,160 |
| 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? | Yes |
| 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? | Yes |
| 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 | $11,965,327 |
| Net value of noncharitable-use assets | $11,785,840 |
| Minimum investment return | $589,292 |
| Distributable Amount (for 2012) | |
| Distributable amount | $582,145 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $582,145 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| 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 | Serena Foundation Inc | PO BOX 988, Burlington, VT 05402-0988 | VT | 2010-08 | $16,300,181 |
| 2 | Generation Fund Inc | PO BOX 988, Burlington, VT 05402-0988 | VT | 2010-08 | $16,291,330 |
| 3 | Three Thirty Three Foundation Inc | 112 South Main Street Box 220, Stowe, VT 05672-5406 | VT | 2006-12 | $10,220,346 |
| 4 | The Pizzagalli Foundation | 346 Shelburne Rd Ste 601, Burlington, VT 05401-4935 | VT | 1988-02 | $5,222,499 |
| 5 | Richard E And Deborah L Tarrant Foundation Inc | 20 Winooski Falls Way Ste 450 Po Bo, Winooski, VT 05404-2228 | VT | 2001-03 | $1,447,723 |
| 6 | Tag Philanthropic Foundation | 73 School St, Stowe, VT 05672-4447 | VT | 2008-08 | $1,266,687 |
| 7 | Robert J Greene Irrev Tr | PO BOX 1015, Manchestr Ctr, VT 05255-1015 | VT | 2010-09 | $1,124,188 |
| 8 | Rutland Health Foundation Inc | 160 Allen St, Rutland, VT 05701-4560 | VT | 1997-12 | $1,054,500 |
| 9 | Wisdom Connection Inc | 333 Atherton Way, Greensboro, VT 05841-8091 | VT | 2003-12 | $1,026,019 |
| 10 | Redducs Chartered Foundation Corporation, Redducs Foundation | 119 Pleasant View Ln, Hinesburg, VT 05461-9779 | VT | 1999-02 | $654,052 |
| 11 | Dendrifund Inc | PO BOX 184, Waitsfield, VT 05673-0184 | VT | 2013-09 | $263,725 |
| 12 | Ann A Mergens Foundation Inc | PO BOX 662, Shelburne, VT 05482-0662 | VT | 2012-02 | $191,082 |
| 13 | William Dean Fausett Charitable Trust | PO BOX 1015, Manchestr Ctr, VT 05255-1015 | VT | 2004-01 | $84,392 |
| 14 | Vermont Crafts Council | PO BOX 938, Montpelier, VT 05601-0938 | VT | 2006-02 | $75,713 |
| 15 | Stony Water 2005 Charitable Tr, Murphy Sandra Ttee | PO BOX 1349, Manchestr Ctr, VT 05255-1349 | VT | 2007-01 | $22,570 |
| 16 | Roberta And Russell Housman Charitable Foundation Inc | 38 Mckee Rd, Arlington, VT 05250-9620 | VT | 2010-03 | $18,453 |
| 17 | Oertly Surianata Family Foundation | PO BOX 1008, Quechee, VT 05059-1008 | VT | 2013-07 | $16,732 |
| 18 | The Giving World Foundation Inc | C/O April Cornell 131 Battery St, Burlington, VT 05401 | VT | 1999-11 | $16,100 |
| 19 | Champlain North Foundation Inc | 183 Appletree Point Rd, Burlington, VT 05408-2446 | VT | 2008-08 | $14,985 |
| 20 | Wyatt Family Foundation | 555 Camels Hump Rd, Huntington, VT 05462-9792 | VT | 2012-02 | $10,000 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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