Alida And Frank Knotts Foundation 323-0060530010 in Providence, Rhode Island (RI)
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
| Alida And Frank Knotts Foundation 323-0060530010 | |
| Employer Identification Number (EIN) | 050507877 |
| Name of Organization | Alida And Frank Knotts Foundation 323-0060530010 |
| In Care of Name | Fleet Private Clients Group |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Ruling Date | 04/2000 |
| Deductibility | Contributions are deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Trust |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $643,703 |
| Amount of Income | $314,076 |
| Form 990 Revenue Amount | $40,365 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations |
Non-representatives - add comments:
Amount of income in 2013: $314,076 (it was $697,600 in 2012)
| Alida And Frank Knotts Foundation 323-0060530010: | $314,076 |
| Other organizations performing similar types of work: | $123,400 |
Assets in 2013: $643,703 (it was $652,562 in 2012)
| Alida And Frank Knotts Foundation 323-0060530010: | $643,703 |
| Other organizations performing similar types of work: | $188,019 |
Expenses in 2012: $33,370
| This organization: | $33,370 |
| Other organizations performing similar types of work: | $82,376 |
Income to expenses ratio in 2012: 9.4
| This organization: | 9.4 |
| Other organizations performing similar types of work: | 5.6 |
Grants share in income in 2012: 0.0%
| Alida And Frank Knotts Foundation 323-0060530010: | 0.0% |
| Other organizations performing similar types of work: | 20.2% |
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 | $77,338 | $77,350 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $14,027 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $10 | |||
| Other | $63,301 | |||
| Total expenses and disbursements | $33,370 | $3,808 | $0 | $29,275 |
| Compensation of officers, directors, trustees, etc. | $5,949 | |||
| Total operating and administrative expenses | $7,320 | $3,808 | $3,225 | |
| Contributions, gifts, grants paid | $26,050 | |||
| Excess of revenue over expenses and disbursements | $43,968 | |||
| Net investment income | $73,542 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $652,562 | $661,998 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $557,747 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $45,975 | |
| Other | $48,840 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $652,562 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $63,301 |
| 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 | $1,471 |
| Total credits and payments | $429 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $429 |
| 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 | $1,042 |
| 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? | Yes |
| 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 | $652,406 |
| Net value of noncharitable-use assets | $642,620 |
| Minimum investment return | $32,131 |
| Distributable Amount (for 2012) | |
| Distributable amount | $30,660 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $30,660 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $5,590 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Rhode Island Community Foundation | One Union Station, Providence, RI 02903-1758 | RI | 1985-06 | $503,851,361 |
| 2 | The Taos Community Foundation Inc | PO BOX 1925, Taos, NM 87571-1925 | NM | 1998-12 | $4,057,729 |
| 3 | Southside Community Land Trust | 109 Somerset St, Providence, RI 02907-1031 | RI | 1982-01 | $620,738 |
| 4 | Alida And Frank Knotts Foundation 323-0060530010 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-04 | $314,076 |
| 5 | Community 2000 Education Foundation | PO BOX 1161, Charlestown, RI 02813-0903 | RI | 2000-07 | $209,241 |
| 6 | Community Housing Land Trust Of Ri Inc | 1070 Main Street, Pawtucket, RI 02860-4974 | RI | 2007-01 | $94,028 |
| 7 | Shelley Lynn Hollis Memorial Fund | PO BOX 443, Portsmouth, RI 02871-0443 | RI | 2001-09 | $35,339 |
| 8 | Southeast New England Heart Safe Community Foundation, Mainegeneral Health Michael Koziol | 70 Kenyon Ave Suite 103, Wakefield, RI 02879 | RI | 2005-05 | $3,813 |
| 9 | Tiverton Lions Club Charities Inc | Po Box 148, Tiverton, RI 02878 | RI | 2001-06 | $3,130 |
| 10 | A Ray Of Hope | Po Box 40, Charlestown, RI 02813 | RI | 2000-09 | $0 |
| 11 | Aleta Sheehan Memorial Foundation Inc | 29 Woodbine St, Riverside, RI 02915-1729 | RI | 2005-12 | $0 |
| 12 | Boston Coast Guard Spouses Association Inc | 57 Russell Ave, East Providence, RI 02914 | RI | 2013-08 | $0 |
| 13 | Burrillville Schools Alumni Education Foundation Inc | 610 Douglas Pike, Harrisville, RI 02830 | RI | 2005-02 | $0 |
| 14 | Ethan Henry Lecours Foundation | 7b Parker Street, Lincoln, RI 02865 | RI | 2012-02 | $0 |
| 15 | Jamestown Police Officers Benevolent Association | 250 Conanicus Avenue, Jamestown, RI 02835 | RI | 2004-02 | $0 |
| 16 | Let There Be Christmas | 34 Mystery Farm Rd, Cranston, RI 02921-2916 | RI | 2006-07 | $0 |
| 17 | Liquid Blue Charitable Fund Inc | 1 Crownmark Drive, Lincoln, RI 02865 | RI | 2003-08 | $0 |
| 18 | Rhode Island Festival Chorus | 81 Fairview Avenue, Hope Valley, RI 02832 | RI | 2006-09 | $0 |
| 19 | River Bend Athletic Club Charitable Foundation | 316 Columbia Street, Wakefield, RI 02879 | RI | 2007-05 | $0 |
| 20 | Smiles For Cv Children Inc | 26 Holly St, Manville, RI 02838 | RI | 2014-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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