Melinda & Paul Sullivan Foundation For The Decorative Arts Inc in West Hartford, 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
| Melinda & Paul Sullivan Foundation For The Decorative Arts Inc | |
| Employer Identification Number (EIN) | 043797793 |
| Name of Organization | Melinda & Paul Sullivan Foundation For The Decorative Arts Inc |
| In Care of Name | Melinda Martin Sullivan |
| Address | 1093 Prospect Ave, West Hartford, CT 06105-1104 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2005 |
| 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 | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $58,063 |
| Amount of Income | $1,681 |
| Form 990 Revenue Amount | $13,207 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Operating Foundations |
Non-representatives - add comments:
Amount of income in 2013: $1,681 (it was $5 in 2012)
| This organization: | $1,681 |
| Other organizations performing similar types of work: | $45,945 |
Assets in 2013: $58,063 (it was $60,738 in 2012)
| This organization: | $58,063 |
| Other organizations performing similar types of work: | $120,180 |
Expenses in 2012: $8,248
| This organization: | $8,248 |
| Other organizations performing similar types of work: | $39,714 |
Income to expenses ratio in 2012: 0.2
| Melinda & Paul Sullivan Foundation For The Decorative Arts Inc: | 0.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 2.2% |
| 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 | $5 | $0 | $5 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $5 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $8,248 | $0 | $8,248 | $8,248 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $8,248 | $0 | $8,248 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-8,243 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $60,738 | $60,738 |
| Cash - non-interest-bearing | $60,738 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $60,738 | |
| 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 | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| 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? | 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 | $65,689 |
| Net value of noncharitable-use assets | $64,700 |
| Minimum investment return | $3,235 |
| 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 | $1 | $905 | $773 | $0 | $1,678 |
| Qualifying distributions made directly for active conduct of exempt activities | $8,248 | $16,904 | $82,503 | $1,099,927 | $1,207,582 |
| 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 | $2,157 | $603 | $515 | $4,298 | $7,573 |
| 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 | Mervat Zahid Cultural Foundation | 96 Lewis St, Greenwich, CT 06830-6631 | CT | 2014-08 | $3,222,794 |
| 2 | Newtown Youth Academy Inc | 153 S Main St, Newtown, CT 06470-2791 | CT | 2007-08 | $2,122,843 |
| 3 | Eileen D Brown Charitable Tr, Ryan Helen T Ttee | C/O Patricia Jackman 119 Colonel Br, Griswold, CT 06351 | CT | 2000-03 | $885,982 |
| 4 | Kurt Forrest Foundation Inc | 4 High Ridge Pk, Stamford, CT 06905-1325 | CT | 2000-08 | $247,014 |
| 5 | Dorothy Tapper Goldman Foundation | 339 Indian Rock Rd, New Canaan, CT 06840-3122 | CT | 2002-09 | $152,566 |
| 6 | Andrew And Anna Mae Delia Foundation | 60 Devotion Rd, Scotland, CT 06264 | CT | 2004-12 | $93,210 |
| 7 | Safe Place To Grieve Foundation Inc | 277 Folly Brook Blvd, Wethersfield, CT 06109-1165 | CT | 2003-05 | $65,951 |
| 8 | Pray Family Foundation Inc | 500 W Putnam Ave, Greenwich, CT 06830-6086 | CT | 2013-01 | $50,900 |
| 9 | Canton Community Health Fund Inc | 220 Albany Tpke Unit 504, Canton, CT 06019-7022 | CT | 1999-06 | $50,677 |
| 10 | Rawson Fam Foundation Tr, Rawson Allan R Ttee | 204 Munyan Rd, Putnam, CT 06260-2509 | CT | 2014-05 | $40,006 |
| 11 | Avon Trust | 34 Simsbury Rd, Avon, CT 06001-3714 | CT | 2014-07 | $31,358 |
| 12 | Therese Foundation Inc | 70 Baldwin Farms S, Greenwich, CT 06831-3365 | CT | 2008-07 | $28,556 |
| 13 | Courageous Hearts Of Connecticut Inc | 451 Levita Rd, Lebanon, CT 06249-2314 | CT | 2014-06 | $15,010 |
| 14 | Henry Mcbride Foundation Inc | 58 Newtown Ave, Norwalk, CT 06851-3024 | CT | 2006-07 | $2,750 |
| 15 | Melinda & Paul Sullivan Foundation For The Decorative Arts Inc | 1093 Prospect Ave, West Hartford, CT 06105-1104 | CT | 2005-07 | $1,681 |
| 16 | Dunham Foundation Inc | 214 Candlewood Mountain Rd, New Milford, CT 06776-5812 | CT | 2012-02 | $1 |
| 17 | Cathy Kangas Foundation For Animals Inc | 106 Clearview Ln, New Canaan, CT 06840-3444 | CT | 2015-04 | $0 |
| 18 | Coalition For A Better Wallingford Inc | 21 Pleasant St, Wallingford, CT 06492-1643 | CT | 2015-03 | $0 |
| 19 | Sunrise Foundation For Women Inc | 44 Garret Ridge Ct, New Hartford, CT 06057-3645 | CT | 2014-09 | $0 |
| 20 | Unveiling Ministries Charitable Tr, Michael Kaminski Ttee | 5 Bona Vista Ter, Shelton, CT 06484-2105 | CT | 2014-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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