Bacon & Hinkley Home Inc in New London, Connecticut (CT)
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 Connecticut
| Bacon & Hinkley Home Inc | |
| Employer Identification Number (EIN) | 060662103 |
| Name of Organization | Bacon & Hinkley Home Inc |
| Address | 58 Pequot Ave, New London, CT 06320 |
| Activities | Housing for the aged (see also 153) |
| Subsection | Charitable Organization |
| Ruling Date | 11/1943 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation exempt from paying excise taxes on investment income |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,087,769 |
| Amount of Income | $1,453,078 |
| Form 990 Revenue Amount | $592,328 |
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 | $494,205 | $110,679 | $518,406 | |
| Contributions, gifts, grants, etc., received | $25 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $110,679 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $407,727 | |||
| Total expenses and disbursements | $597,050 | $17,881 | $425,610 | $170,948 |
| Compensation of officers, directors, trustees, etc. | $72,229 | |||
| Total operating and administrative expenses | $597,050 | $17,881 | $170,948 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-102,845 | |||
| Net investment income | $92,798 | |||
| Adjusted net income | $92,796 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,756,787 | $4,202,650 |
| Cash - non-interest-bearing | $16,138 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,013,175 | |
| Investments-corporate bonds | $799,639 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $927,835 | |
| Total liabilities | $21,956 | |
| Mortgages and other notes payable | $0 | |
| Other | $21,956 | |
| Total liabilities and net assets/fund balances | $3,734,831 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-24,226 |
| 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? | Yes |
| 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 | $3,634,002 |
| Net value of noncharitable-use assets | $3,579,500 |
| Minimum investment return | $178,975 |
| 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 | $92,796 | $58,801 | $96,294 | $103,527 | $351,418 |
| Qualifying distributions made directly for active conduct of exempt activities | $170,948 | $170,851 | $223,734 | $213,667 | $779,200 |
| 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 | $119,316 | $39,200 | $112,983 | $103,341 | $374,840 |
| 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 Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | B L Manger Foundation Inc | 112 Prospect St, Stamford, CT 06901-1207 | CT | 1975-01 | $4,509,392 |
| 2 | B M Clark Foundation | 133 Westview Dr, Meriden, CT 06450-4763 | CT | 1970-09 | $42,953 |
| 3 | B Rock Inc | PO BOX 120073, Stamford, CT 06912-0073 | CT | 1995-09 | $24,502 |
| 4 | Babe Ruth Baseball Of Stamford Inc | 23 Crane Rd N, Stamford, CT 06902-2504 | CT | 2003-10 | $169,841 |
| 5 | Babe Ruth League Of Simsbury Inc | PO BOX 973, Simsbury, CT 06070-7273 | CT | 1996-07 | $146,810 |
| 6 | Baby Alex Foundation Inc | 140 Milford Point Rd, Milford, CT 06460-5224 | CT | 2008-12 | $43,741 |
| 7 | Bacio Inc | 19 Old Sport Road, Easton, CT 06612 | CT | 2001-12 | $26,849 |
| 8 | Backcountry Concerts Inc | 15 East Putnam Avenue No 397, Greenwich, CT 06830-5424 | CT | 2007-07 | $243,169 |
| 9 | Backus Health Care Inc | 326 Washington St, Norwich, CT 06360-2740 | CT | 1984-03 | $36,942 |
| 10 | Backus Properties Inc | 326 Washington St, Norwich, CT 06360-2740 | CT | 1987-01 | $1,066,064 |
| 11 | Bacon & Hinkley Home Inc | 58 Pequot Ave, New London, CT 06320 | CT | 1943-11 | $1,453,078 |
| 12 | Bacon Academy Alumni Association Inc | PO BOX 213, Colchester, CT 06415-0213 | CT | 1992-02 | $1,386 |
| 13 | Badr Inc | 331 Augur St, Hamden, CT 06517-3320 | CT | 2008-11 | $15,380 |
| 14 | Bagh Inc | 8 Orchard Rd, Farmington, CT 06032 | CT | 2003-12 | $0 |
| 15 | Bahama Investors Inc | PO BOX 120073, Stamford, CT 06912-0073 | CT | 1994-11 | $34,218 |
| 16 | Bailey Foundation Inc | 120 Long Ridge Rd, Stamford, CT 06902-1839 | CT | 1987-03 | $191,276 |
| 17 | Bailiwick Club Inc | PO BOX 31068, Greenwich, CT 06831-0768 | CT | 1989-10 | $1,020,639 |
| 18 | Bakerville Library Association Inc | 6 Maple Hollow Rd, New Hartford, CT 06057-3016 | CT | 1993-02 | $75,241 |
| 19 | Bala Music & Dance Association Ltd | 108 Brush Hill Rd, Lyme, CT 06371-3006 | CT | 1988-11 | $239,952 |
| 20 | Baldwin Family Foundation | PO BOX 271820, West Hartford, CT 06127-1820 | CT | 2006-02 | $8,046 |
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