Mortimer R Proctor Tr Sec Ix, Vermont National Bank in Bridgeport, 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
| Mortimer R Proctor Tr Sec Ix, Vermont National Bank | |
| Employer Identification Number (EIN) | 036020099 |
| Name of Organization | Mortimer R Proctor Tr Sec Ix |
| Secondary Name | Vermont National Bank |
| In Care of Name | Chittenden Bank |
| Address | PO BOX 820, Bridgeport, CT 06601-0820 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1976 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,677,617 |
| Amount of Income | $4,159,945 |
| Form 990 Revenue Amount | $184,577 |
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 | $344,786 | $344,786 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $103,568 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $241,218 | |||
| Total expenses and disbursements | $245,545 | $36,602 | $0 | $203,798 |
| Compensation of officers, directors, trustees, etc. | $38,975 | |||
| Total operating and administrative expenses | $45,644 | $36,602 | $3,897 | |
| Contributions, gifts, grants paid | $199,901 | |||
| Excess of revenue over expenses and disbursements | $99,241 | |||
| Net investment income | $308,184 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,332,850 | $3,716,802 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $957,855 | |
| Investments-corporate stock | $1,631,592 | |
| Investments-corporate bonds | $444,938 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $249,483 | |
| Other | $48,982 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,332,850 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $241,218 |
| 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 | $3,082 |
| Total credits and payments | $2,876 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,876 |
| 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 | $4 |
| Tax due | $210 |
| 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? | 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 | $3,737,643 |
| Net value of noncharitable-use assets | $3,681,580 |
| Minimum investment return | $184,079 |
| Distributable Amount (for 2012) | |
| Distributable amount | $180,997 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $180,997 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mujer Virtuosa Ministries Inc | 159 Main Street Ste 201, Stamford, CT 06901 | CT | 2009-06 | $0 |
| 2 | Mulberry Gardens At Southington Llc, Silva Clarence J Sole Member | 58 Mulberry St, Plantsville, CT 06479-1704 | CT | 2004-09 | $6,650,019 |
| 3 | Mullins Family Foundation | C/O GREENWOODS CAPITAL LLC PO BOX, Norfolk, CT 06058 | CT | 2004-03 | $216,242 |
| 4 | Morton B And Phyllis C Kahn Family Private Foundation | 80c Old Hill Rd, Westport, CT 06880-2300 | CT | 1998-01 | $291,363 |
| 5 | Mountain Valley Place Inc | 120 Valley Street, New Haven, CT 06515-1299 | CT | 1993-04 | $340,901 |
| 6 | Messier-Costain Foundation 0011961170 | 850 Main St 13th Fl, Bridgeport, CT 06604-4917 | CT | 2002-10 | $174,096 |
| 7 | Milford Historical Society Trust Ua 9519001900 | 34 High St, Milford, CT 06460-4732 | CT | 1988-04 | $65,399 |
| 8 | Mid Hudson Hockey Officials Association Inc | 21 E Hill Rd, Woodbury, CT 06798-3017 | CT | 2003-09 | $99,307 |
| 9 | Mieczyslaw Munz Scholarship Fund Inc | 55 Easton Rd, Westport, CT 06880-2217 | CT | 1979-11 | $10,500 |
| 10 | Mjpm Foundation | PO BOX 572, Salisbury, CT 06068-0572 | CT | 1999-04 | $1,149,575 |
| 11 | Mortimer R Proctor Tr Sec Ix, Vermont National Bank | PO BOX 820, Bridgeport, CT 06601-0820 | CT | 1976-12 | $4,159,945 |
| 12 | Munera Fam Charitable Tr, Munera Gerard E Ttee | 19 Cobb Island Dr, Greenwich, CT 06830-7244 | CT | 1999-08 | $15,000 |
| 13 | Murray And Susan Haber Charitable Foundation, Haber Murray | 58 Upper Church Hill Rd, Washington Dt, CT 06794-1415 | CT | 2000-06 | $179,202 |
| 14 | Musc Inc, Milford United Soccer Club | 167 Cherry St, Milford, CT 06460-3466 | CT | 2007-07 | $144,886 |
| 15 | Music & Miracles Inc | 32 Gary Ln, Colchester, CT 06415-1781 | CT | 2008-07 | $12,575 |
| 16 | Music For People Inc | PO BOX 397, Goshen, CT 06756-0397 | CT | 1988-01 | $114,254 |
| 17 | Music For The Earth Inc | 174 Norfolk Rd, Litchfield, CT 06759-2515 | CT | 1976-11 | $122,598 |
| 18 | Music For Youth Inc | PO BOX 403, Westport, CT 06881-0403 | CT | 2003-05 | $80,630 |
| 19 | Music Haven Inc | PO BOX 207332, New Haven, CT 06520-7332 | CT | 2006-08 | $498,350 |
| 20 | Music Mountain Incorporated | PO BOX 728, Lakeville, CT 06039 | CT | 1973-02 | $432,612 |
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