Charles & Agnes Kazarian Eternal Foundation 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
| Charles & Agnes Kazarian Eternal Foundation | |
| Employer Identification Number (EIN) | 050502562 |
| Name of Organization | Charles & Agnes Kazarian Eternal Foundation |
| In Care of Name | Paul B Kazarian |
| Address | 30 Kennedy Plaza, Providence, RI 02903-2329 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2013 |
| Assets | $50,000,000 to greater |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $124,783,232 |
| Amount of Income | $1,440,328 |
| Form 990 Revenue Amount | $378,449 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Operating Foundations |
Non-representatives - add comments:
Amount of income in 2013: $1,440,328 (it was $747,747 in 2012)
| This organization: | $1,440,328 |
| Other organizations performing similar types of work: | $45,945 |
Assets in 2013: $124,783,232 (it was $123,899,503 in 2012)
| Charles & Agnes Kazarian Eternal Foundation: | $124,783,232 |
| Other organizations performing similar types of work: | $120,180 |
Expenses in 2012: $2,153,969
| This organization: | $2,153,969 |
| Other organizations performing similar types of work: | $39,714 |
Income to expenses ratio in 2012: 0.7
| Charles & Agnes Kazarian Eternal Foundation: | 0.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 2.7%
| This organization: | 2.7% |
| Other organizations performing similar types of work: | 2.2% |
Revenue 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 | $747,747 | $726,723 | $727,747 | |
| Contributions, gifts, grants, etc., received | $20,000 | |||
| Interest on savings and temporary cash investments | $6,023 | |||
| Dividends and interest from securities | $720,700 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1,024 | |||
| Total expenses and disbursements | $2,153,969 | $32,924 | $376 | $2,179,655 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,153,969 | $32,924 | $2,179,655 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-1,406,222 | |||
| Net investment income | $693,799 | |||
| Adjusted net income | $727,371 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $123,899,503 | $160,915,796 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $886,250 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $20,336,441 | |
| Other | $102,676,812 | |
| Total liabilities | $1,682,285 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,682,285 | |
| Total liabilities and net assets/fund balances | $122,217,218 | |
| 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 | $6,938 |
| Total credits and payments | $12,979 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $7,979 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $5,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $6,041 |
| Amount to be credited to 2013 estimated tax | $6,041 |
| 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 | $22,350,165 |
| Net value of noncharitable-use assets | $22,014,920 |
| Minimum investment return | $1,100,746 |
| 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 | $727,371 | $377,198 | $352,113 | $477,578 | $1,934,260 |
| Qualifying distributions made directly for active conduct of exempt activities | $1,179,655 | $1,136,811 | $1,107,893 | $1,053,477 | $4,477,836 |
| 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 | $733,831 | $773,312 | $789,490 | $863,733 | $3,160,366 |
| 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 | Carolands Foundation | 565 Remillard Dr, Hillsborough, CA 94010-6739 | CA | 2013-07 | $131,910,484 |
| 2 | Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl | 200 Concord Plaza Suite 410, San Antonio, TX 78216-6943 | TX | 2008-04 | $97,626,236 |
| 3 | Willem De Kooning Foundation | 790 Madison Avenue, New York, NY 10065-6124 | NY | 2001-05 | $73,681,377 |
| 4 | Terra Foundation For American Art | 120 E Erie St, Chicago, IL 60611-3154 | IL | 2003-05 | $72,511,035 |
| 5 | Sapling Foundation | 250 Hudson St Rm 1002, New York, NY 10013-1434 | NY | 2014-08 | $55,063,271 |
| 6 | Mcfadden Foundation Inc | PO BOX 70519, Albany, GA 31708-0519 | GA | 2011-08 | $35,686,614 |
| 7 | The Caldwell Foundation | 2215 W Martin Luther King Jr Blvd, Tyler, TX 75702-2954 | TX | 1954-09 | $35,190,048 |
| 8 | Pussycat Foundation | 300 W 57 St Eve Burtonhearst Corp, New York, NY 10019 | NY | 2010-12 | $30,019,075 |
| 9 | Reckitt Benckiser Pharmaceuticals Patient Help Foundation, Rbp Patient Help Foundation | 10710 Midlothian Tpke Ste 430, Richmond, VA 23235-4759 | VA | 2012-09 | $29,989,187 |
| 10 | The Rawlings Foundation Inc | 2554 Players Ct, Wellington, FL 33414-6286 | FL | 2001-05 | $25,454,118 |
| 11 | Willard G Pierce And Jessie M Pierce Foundation | 701 W Cloverdale Rd, Hastings, MI 49058-8360 | MI | 1989-06 | $20,737,527 |
| 12 | The Draper Richards Foundation | 1600 El Camino Real Ste 155, Menlo Park, CA 94025-4120 | CA | 2002-07 | $18,796,693 |
| 13 | The@svf Foundation, Dh Hamilton & Mh Duprey Ttee | 1701 Market St, Newport, RI 02840 | RI | 2000-02 | $6,314,212 |
| 14 | Charles & Agnes Kazarian Eternal Foundation | 30 Kennedy Plaza, Providence, RI 02903-2329 | RI | 2000-03 | $1,440,328 |
| 15 | Rose Nulman Park Foundation | 102 Prospect St, Providence, RI 02906-1446 | RI | 2007-10 | $246,813 |
| 16 | Sparrows Landing Foundation | 158 Lake Rd, Tiverton, RI 02878-3402 | RI | 2015-02 | $70,000 |
| 17 | Elsa M And Howard S Brightman Foundation | C/O M Catanzaro 316 Love Lane, East Greenwich, RI 02818 | RI | 2002-11 | $320 |
| 18 | Fundacion La Gran Familia | 20 Zipporah St, N Providence, RI 02911-2204 | RI | 2006-08 | $0 |
| 19 | Rhode Island Bluegrass Alliance | 29 Blissdale Ave, Cumberland, RI 02864-5527 | RI | 2014-08 | $0 |
| 20 | Westerly Medical Foundation | 25 Wells Street, Westerly, RI 02891 | RI | 2014-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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