Ira S & Anna Galkin Charitable Trust 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
- Other organizations in Rhode Island
| Ira S & Anna Galkin Charitable Trust | |
| Employer Identification Number (EIN) | 056006231 |
| Name of Organization | Ira S & Anna Galkin Charitable Trust |
| In Care of Name | Ira S Galkin Ttee |
| Address | 27 Dryden Lane, Providence, RI 02904-2782 |
| Activities | Gifts, grants, or loans to other organizations, Other school related activities, Other religious activities |
| Subsection | Charitable Organization |
| Ruling Date | 03/1949 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,078,126 |
| Amount of Income | $471,406 |
| Form 990 Revenue Amount | $196,458 |
Non-representatives - add comments:
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 | $101,260 | $182,458 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $24,511 | |||
| Dividends and interest from securities | $157,947 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $175,883 | $5,037 | $0 | $164,974 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $10,909 | $5,037 | $0 | |
| Contributions, gifts, grants paid | $164,974 | |||
| Excess of revenue over expenses and disbursements | $-74,623 | |||
| Net investment income | $177,421 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,021,822 | $2,877,809 |
| Cash - non-interest-bearing | $58,225 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,815,378 | |
| Investments-corporate bonds | $29,876 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $118,343 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $3,021,822 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-81,198 |
| 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 | $3,548 |
| Total credits and payments | $4,100 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $4,100 |
| 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 | $2 |
| Tax due | $0 |
| Overpayment | $550 |
| Amount to be credited to 2013 estimated tax | $550 |
| 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 | $2,935,319 |
| Net value of noncharitable-use assets | $2,891,280 |
| Minimum investment return | $144,564 |
| Distributable Amount (for 2012) | |
| Distributable amount | $141,016 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $141,016 |
| 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 | $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 Rhode Island | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | June Rockwell Levy Foundation Incorporated | One Union Station, Providence, RI 02903-1758 | RI | 1950-12 | $17,783,549 |
| 2 | Jean R Peacock Misn School Etal Tr Uw 361555 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1982-09 | $1,168,847 |
| 3 | John D Deitchman Family Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-10 | $405,749 |
| 4 | International Union Of Bricklayers And Allied Craftworkers, 1 Bac Local Rhode Island | 150 Midway Rd Ste 153, Cranston, RI 02920-5747 | RI | 1965-01 | $736,512 |
| 5 | International Union Of Operating Engineers 57, 57 | 141 Gano St, Providence, RI 02906-3822 | RI | 1945-02 | $1,185,637 |
| 6 | International Union Of Painters And Allied Trades, 1333 Bpat | 1808 Elmwood Ave, Warwick, RI 02888-1702 | RI | 1967-03 | $66,783 |
| 7 | International Union Of Painters And Allied Trades, 195 Brotherhood Of Decorators Ameri | 1808 Elmwood Ave, Warwick, RI 02888-1702 | RI | 1969-07 | $61,835 |
| 8 | International Union Operating Engineers, Local 57 Health And Welfare Fund | 141 Gano St, Providence, RI 02906-3822 | RI | 1963-04 | $25,533,361 |
| 9 | International Union United Auto Aerospace & Agricultural Workers, Local 7770 | 150 Admiral Kalbfus Rd, Newport, RI 02840-1308 | RI | 1942-06 | $45,000 |
| 10 | Ira D Lefevre Charitable Tr 299600b | PO BOX 1802, Providence, RI 02901-1802 | RI | 2004-09 | $2,110,460 |
| 11 | Ira S & Anna Galkin Charitable Trust | 27 Dryden Lane, Providence, RI 02904-2782 | RI | 1949-03 | $471,406 |
| 12 | Irene H Hills Estate Trust, Fleet National Bank Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 1940-09 | $1,718,189 |
| 13 | Irene Lindig Perkins Lewis Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | $396,066 | |
| 14 | Irene M Brown Tr Us T-1380 Fbo John & Irene Brown Schshp Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $52,933 |
| 15 | Irie Transitional Program | 330 Robin Hollow Rd, W Greenwich, RI 02817-2142 | RI | 2004-10 | $2,334,853 |
| 16 | Irville C Thurston Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | $420,852 | |
| 17 | Tr Uw Irvin W Harman | PO BOX 1802, Providence, RI 02901-1802 | RI | 1973-04 | $478,905 |
| 18 | Irving Amrhein Tr Fbo Moravian College | PO BOX 1802, Providence, RI 02901-1802 | RI | 2010-08 | $1,595,144 |
| 19 | Irving And Edyth S Usen Fam Charitable Foundation Tr, Edelstone Arnold Ttee | 10 Tripps Ln, Riverside, RI 02915-3014 | RI | 1992-09 | $851,223 |
| 20 | Irving J & E Macie Fain Fund | 500 Angell St Apt 208, Providence, RI 02906-4486 | RI | 1967-04 | $247 |
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