Magnaverde Foundation Inc 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
- Organizations performing similar types of work
| Magnaverde Foundation Inc | |
| Employer Identification Number (EIN) | 061442891 |
| Name of Organization | Magnaverde Foundation Inc |
| Address | 164 Mason St Ste 2, Greenwich, CT 06830-6677 |
| Activities | Preservation of natural resources (conservation) |
| Subsection | Charitable Organization |
| Ruling Date | 09/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $25,181 |
| Amount of Income | $25,007 |
| Form 990 Revenue Amount | $25,015 |
| National Taxonomy of Exempt Entities (NTEE) | Environmental Quality, Protection and Beautification: Natural Resources Conservation and Protection |
Non-representatives - add comments:
Amount of income in 2013: $25,007 (it was $25,014 in 2012)
| Magnaverde Foundation Inc: | $25,007 |
| Other organizations performing similar types of work: | $25,007 |
Assets in 2013: $25,181 (it was $17,325 in 2012)
| This organization: | $25,181 |
| Other organizations performing similar types of work: | $11,490 |
Expenses in 2012: $33,550
| This organization: | $33,550 |
| Other organizations performing similar types of work: | $21,676 |
Income to expenses ratio in 2012: 0.7
| Magnaverde Foundation Inc: | 0.7 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2012: 99.9%
| This organization: | 99.9% |
| Other organizations performing similar types of work: | 81.4% |
Revenue 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 | $25,014 | $14 | $14 | |
| Contributions, gifts, grants, etc., received | $25,000 | |||
| Interest on savings and temporary cash investments | $14 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $33,550 | $0 | $0 | $33,550 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $33,550 | |||
| Excess of revenue over expenses and disbursements | $-8,536 | |||
| Net investment income | $14 | |||
| Adjusted net income | $14 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $17,325 | $17,325 |
| 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 | $0 | |
| Other | $17,325 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $17,325 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $44 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $44 |
| 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 | $44 |
| Amount to be credited to 2013 estimated tax | $44 |
| 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 | $21,593 |
| Net value of noncharitable-use assets | $21,260 |
| Minimum investment return | $1,063 |
| 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 | $14 | $15 | $12 | $28 | $69 |
| Qualifying distributions made directly for active conduct of exempt activities | $33,550 | $7,745 | $5,520 | $14,520 | $61,335 |
| 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 | $709 | $565 | $373 | $701 | $2,348 |
| 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 | North Pacific Volcano Learning Center Inc | PO BOX 193, Anchor Point, AK 99556-0193 | AK | 1997-03 | $546,678 |
| 2 | Friends Of Fall Creek Falls State Park | 10821 Park Rd, Pikeville, TN 37367-6758 | TN | 1996-02 | $89,344 |
| 3 | The Grass River Garden Club Inc | 3 Turtle Grove Lane, Village Of Golf, FL 33436 | FL | 1997-01 | $77,742 |
| 4 | Friends Of Sunrock Farm Inc | 8476 Forest Rd, Cincinnati, OH 45255 | OH | 1992-08 | $27,908 |
| 5 | Magnaverde Foundation Inc | 164 Mason St Ste 2, Greenwich, CT 06830-6677 | CT | 1996-09 | $25,007 |
| 6 | Falmouth Water Stewards Inc | Po Box 156, Falmouth, MA 02541 | MA | 1995-03 | $9,293 |
| 7 | Pembina Trail Resource Conservation And Development Association Inc | 2605 Wheat Dr, Rl Falls, MN 56750-4800 | MN | 1992-12 | $4,302 |
| 8 | North American Foundation | 7000 S Pennsylvania St, Littleton, CO 80122-1203 | CO | 1998-12 | $300 |
| 9 | Friends Of Clackamas Lake Historic Ranger Station | 3431 Avalon Drive, Hood River, OR 97031-8750 | OR | 1992-07 | $1 |
| 10 | Environmental Fund For Florida Inc | 2545 Blairstone Pines Drive, Tallahassee, FL 32301 | FL | 1992-10 | $0 |
| 11 | Friends Of Devils Den State Park Inc | Po Box 623, West Fork, AR 72774-0623 | AR | 1995-06 | $0 |
| 12 | Friends Of The Iowa River Scenic Trail Inc | P O Box 3433, Iowa City, IA 52244-3433 | IA | 1993-06 | $0 |
| 13 | Hudson River Watertrail Association Inc, Hrwa | Box 110 245 Eigth Avenue, New York, NY 10011 | NY | 1997-05 | $0 |
| 14 | Lake Plains Resource Conservation And Development Council Inc | 446 West Avenue, Albion, NY 14411 | NY | 1997-10 | $0 |
| 15 | Long Grove Open Space Foundation | 3110 Rfd, Long Grove, IL 60047-9623 | IL | 1994-06 | $0 |
| 16 | Nopes Island Conservation Association Inc | 4 Wawaloam Drive, Westerly, RI 02891 | RI | 1997-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||
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| Total | 16 | ||||||||||||||||||||||||||||
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