Ted And Elinor Clifford Scholarship in White Riv Jct, Vermont (VT)
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 Vermont
| Ted And Elinor Clifford Scholarship | |
| Employer Identification Number (EIN) | 036051878 |
| Name of Organization | Ted And Elinor Clifford Scholarship |
| In Care of Name | Peoples United Bank |
| Address | 190 Maple St, White Riv Jct, VT 05001-7030 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 05/1991 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $300,397 |
| Amount of Income | $43,722 |
| Form 990 Revenue Amount | $8,980 |
Non-representatives - add comments:
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 | $8,980 | $11,369 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $8,980 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $20,571 | $1,571 | $0 | $19,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,571 | $1,571 | $0 | |
| Contributions, gifts, grants paid | $19,000 | |||
| Excess of revenue over expenses and disbursements | $-11,591 | |||
| Net investment income | $9,798 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $311,763 | $361,462 |
| Cash - non-interest-bearing | $8,246 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $157,198 | |
| Investments-corporate bonds | $60,081 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $86,238 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $311,763 | |
| 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 | $98 |
| Total credits and payments | $98 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $98 |
| Backup withholding erroneously withheld | $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? | 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 | $343,022 |
| Net value of noncharitable-use assets | $337,880 |
| Minimum investment return | $16,894 |
| Distributable Amount (for 2012) | |
| Distributable amount | $16,796 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $16,796 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $2,231 |
| 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 Vermont | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Southern Vermont Health And Recreation Center Foundation Inc | 140 Clinton St, Springfield, VT 05156-3304 | VT | 2000-04 | $2,999,108 |
| 2 | Southern Vermont Health Services Corporation | 17 Belmont Avenue, Brattleboro, VT 05301-7601 | VT | 1989-09 | $10,970,761 |
| 3 | Southshire Community School Inc | PO BOX 865, N Bennington, VT 05257-0865 | VT | 1988-05 | $206,632 |
| 4 | Southwestern Vermont Council On Aging Inc | 1085 Us Route 4 E Ste 2b, Rutland, VT 05701-8007 | VT | 1980-06 | $3,029,329 |
| 5 | Southwestern Vermont Health Care Auxiliary | 100 Hospital Dr, Bennington, VT 05201-5004 | VT | 1986-02 | $412,138 |
| 6 | Spay Asap Inc | 163 Clay Hill Rd, Hartland, VT 05048-9534 | VT | 2006-06 | $169,328 |
| 7 | Special Needs Support Center Of The Upper Valley | PO BOX 4409, White Riv Jct, VT 05001-4409 | VT | 1982-07 | $185,729 |
| 8 | Special Services Transportation Agency | 2091 Main St, Colchester, VT 05446-7651 | VT | 1983-03 | $4,533,967 |
| 9 | Specialized Community Care | PO BOX 578, E Middlebury, VT 05740-0578 | VT | 1997-06 | $4,109,643 |
| 10 | Spectrum Inc, Spectrum Youth & Family Services | 31 Elmwood Ave, Burlington, VT 05401-4347 | VT | 1973-11 | $4,464,324 |
| 11 | Ted And Elinor Clifford Scholarship | 190 Maple St, White Riv Jct, VT 05001-7030 | VT | 1991-05 | $43,722 |
| 12 | The Nacaa Educational Foundation | 17 Fairview Dr, Essex Jct, VT 05452-3169 | VT | 1983-11 | $266,535 |
| 13 | Sports Venue Foundation | PO BOX 1198, White Riv Jct, VT 05001-1198 | VT | 2006-12 | $3,022,349 |
| 14 | Sportsmans Club Of Franklin County Incorporated | PO BOX 150, St Albans Bay, VT 05481-0150 | VT | 1950-04 | $71,580 |
| 15 | Spring Hill Horse Rescue Inc | 175 Middle Rd, N Clarendon, VT 05759-9430 | VT | 2003-05 | $115,449 |
| 16 | Spring Hill School Incorporated | 63 Spring Hill Rd, Waitsfield, VT 05673-7253 | VT | 1999-12 | $214,472 |
| 17 | Spring Lake Ranch Inc | PO BOX 310, Shrewsbury, VT 05738-0310 | VT | 1961-12 | $4,231,367 |
| 18 | Springfield Area Parent Child Center | 6 Main St, N Springfield, VT 05150-9739 | VT | 1992-10 | $1,676,106 |
| 19 | Springfield Area Public Access Television, Sapa Tv | 303 South St, Springfield, VT 05156-3226 | VT | 2000-03 | $163,176 |
| 20 | Springfield Housing Unlimited | 80 Main Street, Springfield, VT 05156-2907 | VT | 1990-06 | $627,512 |
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