The Gibbons Foundation in Old 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
- Other organizations in Connecticut
| The Gibbons Foundation | |
| Employer Identification Number (EIN) | 061188483 |
| Name of Organization | The Gibbons Foundation |
| In Care of Name | John A Gibbons |
| Address | 27 Sunset Rd, Old Greenwich, CT 06870-2109 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1988 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $426,086 |
| Amount of Income | $127,845 |
| Form 990 Revenue Amount | $43,159 |
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 | $54,451 | $13,776 | $13,716 | |
| Contributions, gifts, grants, etc., received | $40,675 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $5 | |||
| Gross rents | $13,771 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $24,187 | $417 | $417 | $24,187 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $417 | $417 | $417 | |
| Contributions, gifts, grants paid | $23,770 | |||
| Excess of revenue over expenses and disbursements | $30,264 | |||
| Net investment income | $13,359 | |||
| Adjusted net income | $13,299 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $391,429 | $560,284 |
| Cash - non-interest-bearing | $23,115 | |
| Investments-U.S. and state government obligations | $29,560 | |
| Investments-corporate stock | $259,769 | |
| Investments-corporate bonds | $74,220 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $4,765 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $391,429 | |
| 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 | $267 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $267 |
| 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 | $514,198 |
| Net value of noncharitable-use assets | $506,480 |
| Minimum investment return | $25,324 |
| Distributable Amount (for 2012) | |
| Distributable amount | $25,057 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $25,057 |
| 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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| Other organizations in Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Stephen & Susan Geller Foundation | 43 Sterling Rd, Greenwich, CT 06831-2627 | CT | 1989-08 | $3,218 |
| 2 | Stone Chiropractic Baseball Camp | C/O Quinn Co 377 Hubbard Street, Glastonbury, CT 06033 | CT | 2009-05 | $5,741 |
| 3 | Suffield Land Conservancy Inc | Po Box 421, Suffield, CT 06078 | CT | 1980-12 | $121,703 |
| 4 | Svea Social Club Incorporated | PO BOX 113, Kensington, CT 06037-0113 | CT | 1966-04 | $122,421 |
| 5 | Teamsters Local 1035 Childrens Fund | 400 Chapel Road, South Windsor, CT 06074 | CT | 1999-07 | $148,171 |
| 6 | Thames Yacht Club Inc | 396 Pequot Ave, New London, CT 06320-4418 | CT | 1972-12 | $219,478 |
| 7 | The 85 Broads Foundation Inc | 115 E Putnam Ave, Greenwich, CT 06830-5643 | CT | 2000-09 | $10,227 |
| 8 | The Aiello Charitable Foundation Inc | 323 North Ave, Bridgeport, CT 06606-5125 | CT | 2003-01 | $60,000 |
| 9 | The Avon Connecticut Robotics Team | 48 High Gate Dr, Avon, CT 06001-4111 | CT | 2013-05 | $0 |
| 10 | The Friends Of The Bridgeport Public Library Inc | 925 Broad Street, Bridgeport, CT 06604 | CT | 2006-03 | $88,254 |
| 11 | The Gibbons Foundation | 27 Sunset Rd, Old Greenwich, CT 06870-2109 | CT | 1988-03 | $127,845 |
| 12 | The Headwater Initiative Corp | 156 Calhoun St, Washington, CT 06794-1109 | CT | 1998-11 | $27,500 |
| 13 | The Red Thread Promise | 266 Broad St, Milford, CT 06460 | CT | 2005-02 | $167,761 |
| 14 | The United Illuminating Company 2010 Veba | PO BOX 1564, New Haven, CT 06506-0901 | CT | 2006-04 | $19,949 |
| 15 | Therese Foundation Inc | 70 Baldwin Farms S, Greenwich, CT 06831-3365 | CT | 2008-07 | $28,556 |
| 16 | Thornbury Chase Oaks Inc | One Financial Plaza Ste 1700, Hartford, CT 06103-2608 | CT | 2006-08 | $2,548,940 |
| 17 | Thupten Ling Dharma Center Inc | 29 Grand Ave, New Haven, CT 06513 | CT | 2008-08 | $0 |
| 18 | Thursdays Child Inc | 227 Tunxis Ave, Bloomfield, CT 06002-1713 | CT | 1981-10 | $26,195 |
| 19 | Tiny Paws Wet Noses Inc | 1040 Post Rd E, Westport, CT 06880-5369 | CT | 2008-02 | $49,416 |
| 20 | Tolland Youth Football Inc | PO BOX 363, Tolland, CT 06084-0363 | CT | 2008-11 | $68,253 |
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