Florence Robertson Fund 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
| Florence Robertson Fund | |
| Employer Identification Number (EIN) | 046239046 |
| Name of Organization | Florence Robertson Fund |
| In Care of Name | Norfolk County Trust |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Aid to the handicapped (see also 031) |
| Subsection | Charitable Organization |
| Ruling Date | 06/1974 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $7,094,340 |
| Amount of Income | $2,137,513 |
| Form 990 Revenue Amount | $705,480 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $2,137,513 (it was $8,828,406 in 2012)
| Florence Robertson Fund: | $2,137,513 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2013: $7,094,340 (it was $7,158,747 in 2012)
| This organization: | $7,094,340 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $351,073
| Florence Robertson Fund: | $351,073 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 6.1
| Florence Robertson Fund: | 6.1 |
| Other organizations performing similar types of work: | 2.0 |
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 | $693,469 | $690,746 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $158,632 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $105 | |||
| Other | $534,732 | |||
| Total expenses and disbursements | $351,073 | $35,064 | $0 | $305,329 |
| Compensation of officers, directors, trustees, etc. | $53,326 | |||
| Total operating and administrative expenses | $68,850 | $35,064 | $23,106 | |
| Contributions, gifts, grants paid | $282,223 | |||
| Excess of revenue over expenses and disbursements | $342,396 | |||
| Net investment income | $655,682 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $7,158,747 | $7,288,118 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $5,724,815 | |
| Investments-corporate bonds | $99,353 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $908,941 | |
| Other | $425,638 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $7,158,747 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $534,732 |
| 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 | $6,557 |
| Total credits and payments | $15,305 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $15,305 |
| 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 | $0 |
| Overpayment | $8,748 |
| Amount to be credited to 2013 estimated tax | $6,560 |
| 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 | $7,198,676 |
| Net value of noncharitable-use assets | $7,090,700 |
| Minimum investment return | $354,535 |
| Distributable Amount (for 2012) | |
| Distributable amount | $347,978 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $347,978 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $324,870 |
| 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 | S & G Foundation | PO BOX 860, Saratoga Spgs, NY 12866-0860 | NY | 1998-01 | $316,260,515 |
| 2 | The Walsh Foundation | 190 S Lasalle St Ste 1700, Chicago, IL 60603-3496 | IL | 1995-06 | $46,605,330 |
| 3 | Tasajillo Charitable Trust, Wyatt O S Jr Ttee | PO BOX 56223, Houston, TX 77256-6223 | TX | 1997-06 | $40,568,060 |
| 4 | Stuller Family Foundation | 1213 Terrace Hwy, Broussard, LA 70518-7643 | LA | 1995-04 | $34,623,905 |
| 5 | Phillip S Miller Foundation | PO BOX 3168, Portland, OR 97208-3168 | OR | 1996-09 | $32,166,827 |
| 6 | Taishoff Family Foundation Tr | 4085 Tamiami Trl N Ste B104, Naples, FL 34103-3724 | FL | 1996-01 | $30,254,004 |
| 7 | Zs & M Wilf Foundation Inc | 200 Central Avenue, Mountainside, NJ 07092-1926 | NJ | 1998-06 | $23,767,898 |
| 8 | Gertrude & Walter Swanson Jr Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1995-05 | $6,713,327 |
| 9 | Lange Burk Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1997-02 | $2,816,892 |
| 10 | Hecht Memorial Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1983-07 | $2,444,606 |
| 11 | Florence Robertson Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1974-06 | $2,137,513 |
| 12 | G Walter Woodworth Charitable Remainder Unitrust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-03 | $1,710,639 |
| 13 | Fnz Foundation Inc | 160 Webster St, Newport, RI 02840-6913 | RI | 1996-11 | $753,220 |
| 14 | Sachem Foundation | 90 Elm St, Providence, RI 02903-4647 | RI | 1997-10 | $696,671 |
| 15 | Harry And Ruth Witte Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1995-04 | $552,562 |
| 16 | Brauchler-Collins Charitable Foundation | 19 Walcott Ave, Jamestown, RI 02835-2937 | RI | 1995-02 | $451,141 |
| 17 | William N Merrick Trust Uw, Nationsbank | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-06 | $415,090 |
| 18 | Manley-Winser Foundation 137 11542007 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1984-05 | $347,736 |
| 19 | O B & A L Oconner Education Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-04 | $189,477 |
| 20 | William H Ghiloni Charitable Remainder Tr A 020697 | 931 Jefferson Blvd Ste 2004, Warwick, RI 02886-2235 | RI | 1998-06 | $5,668 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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