Jesse E & Flora M Sheldon Mem Tr 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
| Jesse E & Flora M Sheldon Mem Tr | |
| Employer Identification Number (EIN) | 046035873 |
| Name of Organization | Jesse E & Flora M Sheldon Mem Tr |
| In Care of Name | Fleet Private Clients Group |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 09/1998 |
| 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 | $536,458 |
| Amount of Income | $589,976 |
| Form 990 Revenue Amount | $40,047 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $589,976 (it was $64,768 in 2012)
| This organization: | $589,976 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2013: $536,458 (it was $551,216 in 2012)
| This organization: | $536,458 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2012: $35,786
| This organization: | $35,786 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2012: 16.5
| This organization: | 16.5 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2012: 0.0%
| Jesse E & Flora M Sheldon Mem Tr: | 0.0% |
| Other organizations performing similar types of work: | 8.9% |
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 | $39,347 | $39,347 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $12,985 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-50 | |||
| Other | $26,412 | |||
| Total expenses and disbursements | $35,786 | $5,182 | $0 | $30,204 |
| Compensation of officers, directors, trustees, etc. | $8,064 | |||
| Total operating and administrative expenses | $9,688 | $5,182 | $4,106 | |
| Contributions, gifts, grants paid | $26,098 | |||
| Excess of revenue over expenses and disbursements | $3,561 | |||
| Net investment income | $34,165 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $551,216 | $538,195 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $534,111 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $17,105 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $551,216 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $26,412 |
| 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 | $683 |
| Total credits and payments | $706 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $706 |
| 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 | $23 |
| Amount to be credited to 2013 estimated tax | $23 |
| 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 | $532,259 |
| Net value of noncharitable-use assets | $524,280 |
| Minimum investment return | $26,214 |
| Distributable Amount (for 2012) | |
| Distributable amount | $25,531 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $25,531 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Florence Elliott Seeley Education Fouddation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-11 | $5,093,238 |
| 2 | Willis And Nancy King Foundation Inc | 100 Westminster St, Providence, RI 02903-2394 | RI | 1998-11 | $3,581,199 |
| 3 | David & Roberta Olsen Family Foundation, Olsen David A Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 1997-07 | $2,211,502 |
| 4 | Acriel Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1996-04 | $1,822,233 |
| 5 | Roberts Family Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-09 | $1,680,739 |
| 6 | Telaka Foundation Inc | 1150 New London Ave Ste 350, Cranston, RI 02920-3036 | RI | 1997-11 | $1,629,009 |
| 7 | The Susan L Klimaitis Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1997-07 | $1,309,138 |
| 8 | Carroll K Steele Art 6 Uw 12507000 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-04 | $1,115,725 |
| 9 | G P B Foundation | 99 Sakonnet Point Rd, L Compton, RI 02837-1049 | RI | 1998-08 | $958,930 |
| 10 | Lucy A Cooledge Tr 4004090070 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1997-07 | $786,061 |
| 11 | Floyd E Knight Charitable Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1997-02 | $714,352 |
| 12 | Stillman Family Foundation, Stillman Sheldon J Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-11 | $617,254 |
| 13 | Somerville Health Foundation Inc | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-04 | $599,583 |
| 14 | The Henry E And Abigail Eno Ellsworth Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1997-10 | $339,583 |
| 15 | The@paul F Ronci Memorial Trust Scholarship Fund, Fonseca Marylouise K Ttee | PO BOX 515, Harmony, RI 02829-0515 | RI | 1998-06 | $239,307 |
| 16 | Sylvetsky Fam Charitable Tr, Matzkin Joseph H Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-01 | $97,519 |
| 17 | Richard And Ann J Prouty Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-07 | $50,147 |
| 18 | Tcmk Foundation | PO BOX 1802, Providence, RI 02901-1802 | RI | 1997-12 | $40,424 |
| 19 | Watkins Burnham Fund | 90 Elm St, Providence, RI 02903-4647 | RI | 1997-10 | $18,233 |
| 20 | Robert And Donna Colucci Charitable Foundation | 25 Factory Pond Cir, Greenville, RI 02828-2922 | RI | 1998-01 | $1 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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