Isidore & Selma Wise Travel Foundat Ion 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
| Isidore & Selma Wise Travel Foundat Ion Trust | |
| Employer Identification Number (EIN) | 066030200 |
| Name of Organization | Isidore & Selma Wise Travel Foundat Ion Trust |
| In Care of Name | Conn Bk & Tr Co |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Other school related activities, Other youth organization or activities |
| Subsection | Educational Organization |
| Ruling Date | 08/1951 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $862,757 |
| Amount of Income | $790,085 |
| Form 990 Revenue Amount | $67,477 |
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 | $81,218 | $80,870 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $20,594 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $5 | |||
| Other | $60,619 | |||
| Total expenses and disbursements | $44,974 | $5,533 | $0 | $38,002 |
| Compensation of officers, directors, trustees, etc. | $8,529 | |||
| Total operating and administrative expenses | $12,474 | $5,533 | $5,502 | |
| Contributions, gifts, grants paid | $32,500 | |||
| Excess of revenue over expenses and disbursements | $36,244 | |||
| Net investment income | $75,337 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $872,876 | $854,048 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $808,524 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $64,352 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $872,876 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $60,619 |
| 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 | $753 |
| Total credits and payments | $1,300 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,300 |
| 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 | $547 |
| Amount to be credited to 2013 estimated tax | $547 |
| 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 | $836,112 |
| Net value of noncharitable-use assets | $823,580 |
| Minimum investment return | $41,179 |
| Distributable Amount (for 2012) | |
| Distributable amount | $40,426 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $40,426 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $34,625 |
| 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 | Irving W Mershon Scholarship Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1974-10 | $99,652 |
| 2 | Isaac B Lawton Trust Uio Dtd 09-03-37, Abbie Frances Lawton Memorial Home | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $401,228 |
| 3 | Hagaman Uw Library | PO BOX 1802, Providence, RI 02901-1802 | RI | 1946-10 | $338,952 |
| 4 | Isabel L Ritter Uw Angel Mem Etal | PO BOX 1802, Providence, RI 02901-1802 | RI | 1976-04 | $45,518 |
| 5 | Isabel S Crosby Trust Uw 206644 8 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $190,215 |
| 6 | Goss Isabel T Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1973-03 | $268,415 |
| 7 | Isabell Tripp Uw Sennett Fedchurch 14 0000673560, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | $222,661 | |
| 8 | Isabella M Wardwell Fbo Brown Univeristy 211-099008545430, Bank Of America N A | PO BOX 1802, Providence, RI 02901-1802 | RI | $41,269 | |
| 9 | Isadore Forbes Trust Ua 44t, Alfred W Dater Council Bca | PO BOX 1802, Providence, RI 02901-1802 | RI | $16,751 | |
| 10 | Ishi Dojo Inc | 66 Pavilion Ave, Providence, RI 02905-1522 | RI | 2006-03 | $136,253 |
| 11 | Isidore & Selma Wise Travel Foundat Ion Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1951-08 | $790,085 |
| 12 | Islamic Center Of Rhode Island Inc | PO BOX 9166, Providence, RI 02940-9166 | RI | 1976-12 | $202,034 |
| 13 | Islamic School Of Rhode Island Inc | 840 Providence St, West Warwick, RI 02893-1135 | RI | 2004-06 | $725,831 |
| 14 | Island Arts Center Inc | 107 Clock Tower Sq, Portsmouth, RI 02871-1396 | RI | 1994-05 | $20,000 |
| 15 | Island Moving Company | PO BOX 746, Newport, RI 02840-0007 | RI | 1985-04 | $572,141 |
| 16 | Israel Grody Family Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1964-11 | $68,172 |
| 17 | Italian Workingmens Club Corp | 947 Diamond Hill Rd, Woonsocket, RI 02895-1459 | RI | 1995-12 | $307,727 |
| 18 | Italo American Charitable Trust Association | 477 Broadway, Providence, RI 02909 | RI | 1996-04 | $0 |
| 19 | Italo-American Foundation For Medical Education | 205 Airport Rd, Warwick, RI 02889-1029 | RI | 1992-07 | $849 |
| 20 | J And E Gifford Memorial Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | $134,114 | |
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