Clarence H Martin Trust Memorial Fund, Fleet Bank Nh in Providence, Rhode Island (RI)

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Clarence H Martin Trust Memorial Fund, Fleet Bank Nh
Employer Identification Number (EIN)026005022
Name of OrganizationClarence H Martin Trust Memorial Fund
Secondary NameFleet Bank Nh
In Care of NameFleet Trust Company
AddressPO BOX 1802, Providence, RI 02901-1802
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date04/1993
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$2,803,280
Amount of Income$133,446
Form 990 Revenue Amount$133,230
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations:


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Amount of income in 2013: $133,446 (it was $1,241,099 in 2012)
Clarence H Martin Trust Memorial Fund, Fleet Bank Nh: 

 $133,446
Other organizations performing similar types of work: 

 $168,140

Assets in 2013: $2,803,280 (it was $2,806,916 in 2012)
Clarence H Martin Trust Memorial Fund, Fleet Bank Nh: 

 $2,803,280
Other organizations performing similar types of work: 

 $443,614

Expenses in 2012: $147,563
This organization: 

 $147,563
Other organizations performing similar types of work: 

 $57,696

Income to expenses ratio in 2012: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 3.0

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$156,696$148,805$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$76,928
Gross rents$0
Gross profit from sales of goods$0
Other income$7,307
Other$72,461
Total expenses and disbursements$147,563$16,747$0$130,816
Compensation of officers, directors, trustees, etc.$26,000
Total operating and administrative expenses$28,521$16,747$11,774
Contributions, gifts, grants paid$119,042
Excess of revenue over expenses and disbursements$9,133
Net investment income$132,058
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$2,806,916$2,907,810
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$2,683,591
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$123,325
Total liabilities$0
Total liabilities and net assets/fund balances$2,806,916
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$72,461
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$2,641
Total credits and payments$2,348
2012 estimated tax payments and 2011 overpayment credited to 2012$2,348
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$293
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$2,838,286
Net value of noncharitable-use assets$2,795,720
Minimum investment return$139,786
Distributable Amount (for 2012)
Distributable amount$137,145
Undistributed Income (for 2012)
Distributable amount for 2012$137,145
Undistributed income for 2012. This amount must be distributed in 2013$31,653
Private Operating Foundations (for 2012)
2012201120102009Total
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
IdNameAddressStateEstablishedTotal Income
1Murray Family Charitable Foundation10 Weybosset St Ste 302b, Providence, RI 02903-2831RI1995-05$9,441,301
2Shipping Venture Corporation600 Atlantic Avenue, Boston, MA 02210-2203MA1996-05$2,183,439
3Virginia Cretella Mars Foundation140 Broadway, New York, NY 10005-1108NY1995-05$2,060,101
4Still Point Fund150 Broadway, New York, NY 10038-4381NY1997-07$1,189,725
5Stanley And Nancy Grossman Family Foundation600 Third Avenue, New York, NY 10016-1901NY1995-10$445,107
6Ruth And Sheldon Goldstein Foundation, Goldstein Ruth Et Al Ttee1035 19th St Apt 2, Santa Monica, CA 90403-4498CA1995-05$396,725
7The Philip J Hahn Foundation IncC/O J Rosenzweig 560 Fifth Avenue, New York, NY 10036NY1997-07$311,083
8Trowbridge Foundation, Lowell William A TteePO BOX 961019, Boston, MA 02196-1019MA1997-07$279,339
9Carrie G Danforth Trust 45539, Fleet Bank Of MainePO BOX 1802, Providence, RI 02901-1802RI1997-03$234,484
10Weitz Family Charitable Foundation Inc700 Broadway 3rd Floor, New York, NY 10003-9536NY1997-06$227,908
11The@bob Hughes FundPO BOX 40200 FL9-100-10-19, Jacksonville, FL 32203-0200FL1998-11$168,140
12Summit Foundation Inc150 Stahl Rd, Getzville, NY 14068-1231NY1994-03$138,092
13Clarence H Martin Trust Memorial Fund, Fleet Bank NhPO BOX 1802, Providence, RI 02901-1802RI1993-04$133,446
14Darius Miller Trust Fbo, Walnut Hill ParkPO BOX 1802, Providence, RI 02901-1802RI1996-10$109,692
15The Irwin Foundation50 Crocker Blvd Ste 100, Mount Clemens, MI 48043-2580MI1996-08$107,320
16Tarasoff Foundation37 W 57th St Fl 5, New York, NY 10019-3411NY1997-07$93,499
17B Crocker Charitable Tr Ua 1342690010PO BOX 1802, Providence, RI 02901-1802RI1997-03$86,746
18Mercy J Cone Trust Fbo Terryville Congregation Church EtalPO BOX 1802, Providence, RI 02901-1802RI1996-03$83,033
19Austin Curtiss FundPO BOX 1802, Providence, RI 02901-1802RI1998-01$44,080
20Hattie E Obrion Trust, Fleet Investment ServicePO BOX 1802, Providence, RI 02901-1802RI1995-11$42,438
Number of organizations performing similar types of work
Arizona1
California6
Connecticut5
Florida8
Illinois4
Indiana1
Kentucky1
Massachusetts17
Maine2
Michigan1
Minnesota2
Missouri1
North Carolina2
Nebraska1
New Hampshire3
New Jersey9
New Mexico1
New York47
Pennsylvania2
Rhode Island8
Tennessee1
Texas1
Total124

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