J Gladwin Cannon Trust, Kevin Mccann Ttee in Vernon, 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
| J Gladwin Cannon Trust, Kevin Mccann Ttee | |
| Employer Identification Number (EIN) | 066196307 |
| Name of Organization | J Gladwin Cannon Trust |
| Secondary Name | Kevin Mccann Ttee |
| In Care of Name | Hinckley Allen Snyder Llp |
| Address | 45 Hartford Turnpike, Vernon, CT 06066-5274 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1984 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $441,542 |
| Amount of Income | $90,082 |
| Form 990 Revenue Amount | $84,321 |
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 | $11,725 | $16,687 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $59 | |||
| Dividends and interest from securities | $16,628 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $345 | |||
| Total expenses and disbursements | $36,961 | $9,410 | $0 | $27,551 |
| Compensation of officers, directors, trustees, etc. | $11,820 | |||
| Total operating and administrative expenses | $16,461 | $9,410 | $7,051 | |
| Contributions, gifts, grants paid | $20,500 | |||
| Excess of revenue over expenses and disbursements | $-25,236 | |||
| Net investment income | $7,277 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $434,200 | $562,114 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $385,676 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $48,524 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $434,200 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-5,307 |
| 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 | $73 |
| Total credits and payments | $1,540 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,540 |
| 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 | $1,467 |
| 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? | 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 | $554,684 |
| Net value of noncharitable-use assets | $546,360 |
| Minimum investment return | $27,318 |
| Distributable Amount (for 2012) | |
| Distributable amount | $27,245 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $27,245 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $17,658 |
| 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 | Italian Social Club Of Rockville Inc | PO BOX 192, Vernon, CT 06066-0192 | CT | 2000-04 | $197,852 |
| 2 | Itp Foundation Inc | 30 Old Kings Hwy No 275, Darien, CT 06820 | CT | 2003-08 | $52,911 |
| 3 | Ivan Seidenberg Foundation Inc | 23 Old Kings Hwy S, Darien, CT 06820-4541 | CT | 1994-04 | $12,089,378 |
| 4 | Ivoryton Library Assocation | PO BOX 515, Ivoryton, CT 06442 | CT | 2014-08 | $172,480 |
| 5 | Ivoryton Playhouse Foundation Inc | PO BOX 458, Ivoryton, CT 06442-0458 | CT | 1980-06 | $1,226,993 |
| 6 | Iwo Jima Memorial Historical Foundation Inc | P O Box 310516, Newington, CT 06131 | CT | 1996-11 | $0 |
| 7 | Izzo Fam Tr, Anthony F Izzo Et Al Ttee | 2150 Post Road, Fairfield, CT 06824-5669 | CT | 2007-02 | $3,388 |
| 8 | J And K Thomas Foundation | 74 Boysenberry Ct, Suffield, CT 06078-2181 | CT | 1998-11 | $15,442 |
| 9 | J C M G T Fund, Cariglia Michael A Ttee | 73 River Rd, Willington, CT 06279-1830 | CT | 2000-01 | $19,372 |
| 10 | J E D Foundation Inc | PO BOX 28, Niantic, CT 06357-0028 | CT | 1955-12 | $12,527 |
| 11 | J Gladwin Cannon Trust, Kevin Mccann Ttee | 45 Hartford Turnpike, Vernon, CT 06066-5274 | CT | 1984-12 | $90,082 |
| 12 | J J Cooley Foundation Inc | 41 High St, New Haven, CT 06510-2305 | CT | 1949-08 | $357,104 |
| 13 | J Kirby Simon Foreign Service Tr, Simon Claire B & John G Ttees | 93 Edgehill Rd, New Haven, CT 06511-1339 | CT | 1995-10 | $42,550 |
| 14 | J R Albert Charitable Trust, Lima Karen Co-Ttee | 120 1st St, Suffield, CT 06078-1808 | CT | 2000-11 | $1,148,254 |
| 15 | J Walton Bissell Foundation Inc | PO BOX 370067, West Hartford, CT 06137-0067 | CT | 1989-02 | $2,681,946 |
| 16 | Jackie Robinson Park Of Fame Inc | 62 Elmcroft Road, Stamford, CT 06902 | CT | 1997-03 | $0 |
| 17 | Jacklin Rod & Gun Club Inc | PO BOX 1101, Bristol, CT 06011-1101 | CT | 1986-07 | $84,828 |
| 18 | Jacks Family Foundation Inc | 223 Farms Village Road Box 146, West Simsbury, CT 06092-2410 | CT | 1987-12 | $204 |
| 19 | Jacob & Ruth Mazer Foundation Inc | 66 Mooreland Rd, Greenwich, CT 06831-2646 | CT | 1963-07 | $225,737 |
| 20 | Jacob L & Lewis Fox Foundation | 280 Trumbull St Fl 24, Hartford, CT 06103-3599 | CT | 1953-02 | $1,493,746 |
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