Halvorsen Family Foundation in Greenwich, 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
| Halvorsen Family Foundation | |
| Employer Identification Number (EIN) | 061603158 |
| Name of Organization | Halvorsen Family Foundation |
| In Care of Name | Ole Andreas Halvorsen |
| Address | 55 Railroad Ave, Greenwich, CT 06830-6378 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $38,150,429 |
| Amount of Income | $15,838,792 |
| Form 990 Revenue Amount | $2,767,981 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
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 | $10,084,736 | $15,261 | $0 | |
| Contributions, gifts, grants, etc., received | $10,069,475 | |||
| 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 | $15,261 | |||
| Total expenses and disbursements | $4,159,475 | $4,738 | $0 | $4,094,737 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $69,475 | $4,738 | $4,737 | |
| Contributions, gifts, grants paid | $4,090,000 | |||
| Excess of revenue over expenses and disbursements | $5,925,261 | |||
| Net investment income | $10,523 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $26,227,692 | $26,227,692 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $26,227,675 | |
| Other | $17 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $26,227,692 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $15,261 |
| 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 | $105 |
| Total credits and payments | $25,504 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $25,504 |
| 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 | $0 |
| Overpayment | $25,399 |
| Amount to be credited to 2013 estimated tax | $10,399 |
| 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 | $23,323,086 |
| Net value of noncharitable-use assets | $22,973,240 |
| Minimum investment return | $1,148,662 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,148,557 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,148,557 |
| 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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| Other organizations in Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Haiti Fund Inc | PO BOX 843, Fairfield, CT 06824-0843 | CT | 2001-11 | $666,552 |
| 2 | Haiti Marycare Inc | 55 King St, Danbury, CT 06811-2746 | CT | 2007-05 | $231,161 |
| 3 | Haitian Health Foundation Inc | 97 Sherman St, Norwich, CT 06360-4105 | CT | 1985-12 | $5,955,713 |
| 4 | Haitian Humanitarian Network Inc | 31 Valley View Rd, Newtown, CT 06470 | CT | 2004-11 | $21,329 |
| 5 | Haitian Ministries For The Diocese Of Norwich Inc | 199 Broadway, Norwich, CT 06360-4407 | CT | 1946-03 | $1,713,366 |
| 6 | Hale Foundation Inc | 250 State St Unit C1, North Haven, CT 06473-2182 | CT | 1955-11 | $79,007 |
| 7 | Halfway Home Rescue | 15 Clark Rd, Woodbridge, CT 06525-1608 | CT | 2006-01 | $154,204 |
| 8 | Hall Commons Inc | 55 George E Pipkins Way, Bridgeport, CT 06608-2453 | CT | 2001-12 | $377,045 |
| 9 | Hall Foundation Inc | 4 Jared Sparks Rd, Willington, CT 06279-1501 | CT | 1996-02 | $88,286 |
| 10 | Hallisey And Dagostino Cpa Employees Beneficiary Association | 540 Silas Deane Hwy, Wethersfield, CT 06109-2217 | CT | 1983-06 | $207,029 |
| 11 | Halvorsen Family Foundation | 55 Railroad Ave, Greenwich, CT 06830-6378 | CT | 2002-02 | $15,838,792 |
| 12 | Hamburg Cove Yacht Club Inc | PO BOX 742, Old Lyme, CT 06371-0742 | CT | 1991-06 | $46,699 |
| 13 | Hamden Bocce Club Association Inc | 17 Hamden Park Road, Hamden, CT 06517 | CT | 1997-05 | $46,052 |
| 14 | Hamden Chamber Of Commerce Incorporated | 2969 Whitney Avenue, Hamden, CT 06518-2556 | CT | 1974-12 | $274,020 |
| 15 | Hamden Community Playground Inc | 194 Haverford St, Hamden, CT 06517-1908 | CT | 1997-06 | $2,350 |
| 16 | Connectitut Education Association, Hamden | 119 Ranchwood Dr, West Haven, CT 06516-3970 | CT | 1971-09 | $80,340 |
| 17 | Hamden Education Foundation Inc | 60 Putnam Ave, Hamden, CT 06517-2825 | CT | 2002-09 | $50,355 |
| 18 | Hamden Figure Skating Association Inc | PO BOX 185531, Hamden, CT 06518-0531 | CT | 1974-01 | $137,001 |
| 19 | Hamden Fish And Game Protective Association Inc | PO BOX 185619, Hamden, CT 06518-0619 | CT | 1983-01 | $184,094 |
| 20 | Hamden Hall School Inc | 1108 Whitney Ave, Hamden, CT 06517-3459 | CT | 1946-10 | $19,187,658 |
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