Grace Farms Foundation in New Cannan, Connecticut (CT)

Organization representatives - add corrected or new information about Grace Farms Foundation »

Non-representatives - add comments about Grace Farms Foundation»

Grace Farms Foundation
Employer Identification Number (EIN)271401401
Name of OrganizationGrace Farms Foundation
In Care of NamePerelson Weiner Llp
Address134 Main Street, New Cannan, CT 06840-5512
SubsectionCharitable Organization
Ruling Date04/2011
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$72,020,686
Amount of Income$63,768
Form 990 Revenue Amount$10,103,512
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Christian

Non-representatives - add comments:


Your IP address will be logged.

Amount of income in 2013: $63,768 (it was $10,103,512 in 2012)
Grace Farms Foundation: 

Other organizations performing similar types of work: 


Assets in 2013: $72,020,686 (it was $68,975,223 in 2012)
Grace Farms Foundation: 

Other organizations performing similar types of work: 


Expenses in 2013: $1,342,426
Grace Farms Foundation: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 0.0
This organization: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 0.0%
Grace Farms Foundation: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$63,768$0$63,768
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$63,768
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$1,342,426$0$63,768$1,152,059
Compensation of officers, directors, trustees, etc.$50,000
Pension plans, employee benefits$0
Legal fees$440,462
Accounting fees$118,385
Travel, conferences, and meetings$5,949
Printing and publications$15,318
Total operating and administrative expenses$1,257,426$0$1,067,059
Contributions, gifts, grants paid$85,000
Excess of revenue over expenses and disbursements$-1,278,658
Net investment income$0
Adjusted net income$0
Balance Sheets
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$58,646,637$58,646,637$68,975,223$68,975,223$72,020,686$72,020,686
Cash - non-interest-bearing$16,358,768$19,948,223$7,481,974
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Other assets$3,543,641$10,306,926$25,775,931
Total liabilities$10,601$1,156,685$5,480,806
Mortgages and other notes payable$0$0$0
Other liabilities$10,601$10,601$366,672
Total liabilities and net assets/fund balances$58,636,036$67,818,538$66,539,880
Capital Gains and Losses for Tax on Investment Income
Capital gain net income$0$0$0
Net capital loss$0$0$0
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$0$0$0
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?YesYesYes
Did any persons become substantial contributors during the tax year?NoNoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNoNo
Statements Regarding Activities for Which Form 4720 May Be Required
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$9,088,473$14,168,094$15,289,814
Net value of noncharitable-use assets$8,952,146$13,955,573$15,060,467
Minimum investment return$447,607$697,779$753,023
Distributable Amount
Distributable amount$0$0$0
Undistributed Income
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
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$12,414,642$6,277,720$3,589,560$1,509,487$23,791,409
Value of all assets$66,539,880$67,853,138$58,646,637$49,807,821$242,847,476
Value of assets qualifying under section 4942(j)(3)(B)(i)$59,057,906$47,904,915$42,287,869$39,685,766$188,936,456
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated


Your Review

Would you recommend Grace Farms Foundation to others? (optional)
Add photo of Grace Farms Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Tl Lowery Global FoundationPO BOX 2550, Cleveland, TN 37320-2550TN2005-01$507,025
2Relevance3440 Nw Covey Run Rd, Corvallis, OR 97330-3155OR2006-06$303,047
3Warrior At Heart Ministry IncPO BOX 1511, Grand Jct, CO 81502-1511CO2007-09$87,472
4Religious Institute Inc21 Charles St Ste 140, Westport, CT 06880-5803CT2012-06$382,150
5Stephen Bennett Ministries IncPO BOX 2095, Huntington, CT 06484-1095CT2003-11$297,493
6Nations Destiny Enterprise Usa Inc73 Grandview Dr, Newington, CT 06111-4724CT2009-06$275,261
7Our Ladys Pilgrimage Inc81 Midland Rd, Trumbull, CT 06611-3254CT2013-08$200,878
8Telemachus Foundation Inc21 Dempsey Ln, Greenwich, CT 06830-3416CT2011-10$184,615
9Power Tabernacle Ministries465 Buckland Hills Dr Ste 33111, Manchester, CT 06042-9104CT2014-09$170,383
10Ujaro Deepa Org330 Welton St, Hamden, CT 06517-3939CT2013-01$154,651
11Turning Heart Ministries Inc1131 Tolland Tpke Ste O, Manchester, CT 06042-1679CT2014-01$146,211
12Kingdom Builder Ministries Inc676 Totoket Rd, Northford, CT 06472-1457CT2011-09$139,689
13Faith Healing And Deliverance Ministries60 Connolly Parkway, Hamden, CT 06514-2593CT2007-08$113,647
14Stamford Iglesia De Dios De La Profecia Inc118 Stillwater Ave, Stamford, CT 06902-4838CT2014-09$99,575
15Grace Farms Foundation134 Main Street, New Cannan, CT 06840-5512CT2011-04$63,768
16New Life Church Of Connecticut Inc138 Skyline Dr, Middlebury, CT 06762-1719CT2011-06$57,182
17Supreme Being IncPO BOX 271, Hartford, CT 06141-0271CT2014-02$52,528
18Connecticut Council For Interreligious Understanding Inc, Cciu77 Sherman Street, Hartford, CT 06105-6203CT2003-11$51,400
19Ark Of Christ Ministries International Ltd, Na NaBridgeport, Bridgeport, CT 06606CT2004-02$48,909
20Charismatic Renewal Ministries Praise Center16 Norton St, New Haven, CT 06511-4250CT2011-06$46,195
Number of organizations performing similar types of work
District of Columbia159
North Carolina2,056
North Dakota46
New Hampshire96
New Jersey1,207
New Mexico278
New York2,346
Rhode Island78
South Carolina902
South Dakota96
West Virginia178
Total50,517 is not associated with, endorsed by, or sponsored by Grace Farms Foundation and has no official or unofficial affiliation with Grace Farms Foundation