Paul Foundation Inc in Essex, 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Connecticut
| Paul Foundation Inc | |
| Employer Identification Number (EIN) | 061387521 |
| Name of Organization | Paul Foundation Inc |
| In Care of Name | K Leeker |
| Address | 1 Champlin Sq, Essex, CT 06426-1101 |
| Activities | Historical site, records or reenactment |
| Subsection | Charitable Organization |
| Ruling Date | 04/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,667,570 |
| Amount of Income | $139,242 |
| Form 990 Revenue Amount | $141,677 |
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 | $230,649 | $45,599 | $45,599 | |
| Contributions, gifts, grants, etc., received | $185,050 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $45,599 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $65,531 | $19,090 | $19,090 | $46,039 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $57,928 | $19,090 | $38,436 | |
| Contributions, gifts, grants paid | $7,603 | |||
| Excess of revenue over expenses and disbursements | $165,118 | |||
| Net investment income | $26,509 | |||
| Adjusted net income | $26,509 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,422,243 | $3,575,129 |
| Cash - non-interest-bearing | $2,237 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $2,420,006 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,422,243 | |
| 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 | $530 |
| Total credits and payments | $274 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $274 |
| 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 | $256 |
| 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 | $1,418,405 |
| Net value of noncharitable-use assets | $1,397,120 |
| Minimum investment return | $69,856 |
| 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 | $26,509 | $22,566 | $21,084 | $24,182 | $94,341 |
| Qualifying distributions made directly for active conduct of exempt activities | $81,416 | $189,563 | $80,807 | $36,400 | $388,186 |
| 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 | $46,570 | $46,556 | $46,519 | $46,713 | $186,358 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $6,860 | $3,230 | $3,630 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $6,860 | $3,230 | $3,630 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $3,630 |
| Net operating loss deduction | $3,630 |
| Unrelated business taxable income before specific deduction | $0 |
| Specific deduction | $0 |
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| Other organizations in Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Arc New London County Inc | 125 Sachem St, Norwich, CT 06360-4128 | CT | 1958-11 | $10,705,635 |
| 2 | New London Landmarks Inc | 49 Washington St Box 1134, New London, CT 06320-6108 | CT | 1974-04 | $81,259 |
| 3 | Northeast Organic Farmers Association Of Connecticut Inc, Nofa Ct | 126 Derby Ave, Derby, CT 06418-2010 | CT | 2000-12 | $449,823 |
| 4 | Northwest Regional Mental Health Board Inc | 969 W Main St Ste 1b, Waterbury, CT 06708-2667 | CT | 1976-08 | $195,916 |
| 5 | Norwich Arts Center Inc | 60 Broadway # 64, Norwich, CT 06360-5702 | CT | 1988-09 | $59,052 |
| 6 | Nutmeg Conservatory For The Arts | Main Street, Torrington, CT 06790 | CT | 1975-02 | $1,785,479 |
| 7 | Nutmeg Public Access Television Inc | 9 Eastview Dr, Farmington, CT 06032-1231 | CT | 1991-08 | $778,989 |
| 8 | Old State House Association Inc | 1 Elizabeth St, Hartford, CT 06105-2213 | CT | 1976-01 | $6,685 |
| 9 | Owenoke Foundation | 22 Squirrel Hill Rd, West Hartford, CT 06107-1003 | CT | 1997-06 | $247,794 |
| 10 | Palace Theater Group Inc | 100 E Main St, Waterbury, CT 06702-2312 | CT | 2004-07 | $4,799,623 |
| 11 | Paul Foundation Inc | 1 Champlin Sq, Essex, CT 06426-1101 | CT | 1994-04 | $139,242 |
| 12 | Philadelphia Pentecostal Church | 45 New St, Danbury, CT 06810-6512 | CT | 1964-08 | $381,015 |
| 13 | Pine Orchard Nursery School Inc | PO BOX 697, Branford, CT 06405-0697 | CT | 1980-07 | $118,196 |
| 14 | Pop Warner Little Scholars Inc, Derby Pop Warner Football | 1 Commodore Hull Dr, Derby, CT 06418-2254 | CT | 1990-02 | $61,652 |
| 15 | Portuguese Cultural Center Inc | 65 Sand Pit Rd, Danbury, CT 06810-4039 | CT | 2001-02 | $3,013,049 |
| 16 | Quill Entertainment Company | P O Box 209, Greenwich, CT 06830-9998 | CT | 2000-04 | $14,869 |
| 17 | Quinebaug Valley Emergency Comm Inc | 1249 Hartford Pike, E Killingly, CT 06243-1810 | CT | 1991-03 | $1,330,057 |
| 18 | Rainbow Housing Corporation | PO BOX 1000, Middletown, CT 06457-1000 | CT | 1992-01 | $426,134 |
| 19 | Rensselaer Hartford Graduate Center Inc | 275 Windsor St, Hartford, CT 06120-2910 | CT | 1965-01 | $15,757,268 |
| 20 | Repertory Theatre Inc | 23 Norden St, New Britain, CT 06051-3305 | CT | 1955-04 | $49,019 |
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