Hewitt Foundation Inc in Shelton, 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
- Organizations performing similar types of work
| Hewitt Foundation Inc | |
| Employer Identification Number (EIN) | 061064288 |
| Name of Organization | Hewitt Foundation Inc |
| Address | PO BOX 386, Shelton, CT 06484-0386 |
| Activities | Endowment fund or financial services |
| Subsection | Charitable Organization |
| Ruling Date | 08/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $8,115,593 |
| Amount of Income | $14,094,676 |
| Form 990 Revenue Amount | $374,399 |
| National Taxonomy of Exempt Entities (NTEE) | Health - General and Rehabilitative: Hospital, General |
Non-representatives - add comments:
Amount of income in 2014: $14,094,676 (it was $2,911,438 in 2012)
| Hewitt Foundation Inc: | $14,094,676 |
| Other organizations performing similar types of work: | $317,271 |
Assets in 2014: $8,115,593 (it was $7,064,644 in 2012)
| Hewitt Foundation Inc: | $8,115,593 |
| Other organizations performing similar types of work: | $422,742 |
Expenses in 2012: $449,913
| This organization: | $449,913 |
| Other organizations performing similar types of work: | $141,917 |
Income to expenses ratio in 2012: 31.3
| Hewitt Foundation Inc: | 31.3 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2012: 5.8%
| This organization: | 5.8% |
| Other organizations performing similar types of work: | 14.3% |
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 | $434,477 | $409,231 | $0 | |
| Contributions, gifts, grants, etc., received | $25,246 | |||
| Interest on savings and temporary cash investments | $584 | |||
| Dividends and interest from securities | $284,511 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $124,136 | |||
| Total expenses and disbursements | $449,913 | $25,724 | $0 | $410,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $39,913 | $25,724 | $0 | |
| Contributions, gifts, grants paid | $410,000 | |||
| Excess of revenue over expenses and disbursements | $-15,436 | |||
| Net investment income | $383,507 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $7,064,644 | $7,064,644 |
| Cash - non-interest-bearing | $2,739 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $4,875,049 | |
| Investments-corporate bonds | $1,123,658 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $444,644 | |
| Other | $618,554 | |
| Total liabilities | $67,500 | |
| Mortgages and other notes payable | $0 | |
| Other | $67,500 | |
| Total liabilities and net assets/fund balances | $6,997,144 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $124,136 |
| 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 | $3,835 |
| Total credits and payments | $6,600 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $6,600 |
| 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 | $2,765 |
| Amount to be credited to 2013 estimated tax | $2,765 |
| 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? | Yes |
| 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 | $6,914,563 |
| Net value of noncharitable-use assets | $6,810,840 |
| Minimum investment return | $340,542 |
| Distributable Amount (for 2012) | |
| Distributable amount | $336,707 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $336,707 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $336,707 |
| 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 | The Degen Foundation | PO BOX 10366, Fort Smith, AR 72917-0366 | AR | 1983-08 | $61,048,207 |
| 2 | Valley Hospital Foundation | 223 N Van Dien Ave, Ridgewood, NJ 07450-2726 | NJ | 1980-12 | $37,749,118 |
| 3 | United Hospital Foundation | PO BOX 43, Minneapolis, MN 55440-0043 | MN | 1978-07 | $32,517,369 |
| 4 | The Spartanburg Regional Healthcare System Foundation | C/O Jane Ovenden, Spartanburg, SC 29303 | SC | 1991-12 | $18,703,028 |
| 5 | Goodall-Witcher Hospital Authority | PO BOX 549, Clifton, TX 76634-0549 | TX | 1966-11 | $18,046,045 |
| 6 | Hewitt Foundation Inc | PO BOX 386, Shelton, CT 06484-0386 | CT | 1982-08 | $14,094,676 |
| 7 | Saint Joseph Hospital Foundation | 1835 Franklin St, Denver, CO 80218-1126 | CO | 1977-06 | $13,974,946 |
| 8 | Sacred Heart Foundation | 5151 N 9th Ave, Pensacola, FL 32504-8721 | FL | 1946-03 | $11,443,875 |
| 9 | Sarasota Memorial Healthcare Foundation | 1515 S Osprey Ave Ste B-4, Sarasota, FL 34239-2918 | FL | 1978-04 | $10,653,529 |
| 10 | Saint Barnabas Developement Foundation, Saint Barnabas Medical Center Found | 94 Old Short Hills Rd, Livingston, NJ 07039-5672 | NJ | 1982-06 | $9,008,807 |
| 11 | Upmc Northwest Foundation | 600 Grant St Fl 56, Pittsburgh, PA 15219-2730 | PA | 1992-05 | $8,819,485 |
| 12 | Salina Regional Health Foundation | PO BOX 5080, Salina, KS 67402-5080 | KS | 1983-05 | $6,841,107 |
| 13 | Bristol Hospital Development Foundation Inc | Brewster Road, Bristol, CT 06011 | CT | 1985-03 | $2,525,147 |
| 14 | Hartford Hospital Auxiliary | 80 Seymour St, Hartford, CT 06115-2701 | CT | 1953-05 | $913,786 |
| 15 | Milford Hospital Foundation Inc | 300 Seaside Ave, Milford, CT 06460-4603 | CT | 1993-09 | $508,105 |
| 16 | Connecticut Hospital Association Trust | PO BOX 90, Wallingford, CT 06492-0090 | CT | 1989-01 | $181,852 |
| 17 | Auxiliary For Community Health | PO BOX 146, Winsted, CT 06098-0146 | CT | 1955-10 | $175,220 |
| 18 | University Of Connecticut Health Center Auxiliary, Connucopia Gift Shop | 263 Farmington Ave, Farmington, CT 06030-0001 | CT | 1973-01 | $58,912 |
| 19 | Johnson Memorial Hospital Develop Ment Fund Inc | 201 Chestnut Hill Road, Stafford Springs, CT 06076 | CT | 1984-08 | $0 |
| 20 | Stamford Hospital Health Foundation Inc | 1351 Washington Blvd, Stamford, CT 06902 | CT | 1983-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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