Jessie J Patterson Trust 20 00 1383 0 Nect Shawmut 1st Bk & 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
- Other organizations in Rhode Island
| Jessie J Patterson Trust 20 00 1383 0 Nect Shawmut 1st Bk & Tr | |
| Employer Identification Number (EIN) | 046019226 |
| Name of Organization | Jessie J Patterson Trust 20 00 1383 0 Nect Shawmut 1st Bk & Tr |
| In Care of Name | Fleet Private Clients Group |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,235,328 |
| Amount of Income | $655,339 |
| Form 990 Revenue Amount | $88,188 |
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 | $101,047 | $101,047 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $28,574 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-118 | |||
| Other | $72,591 | |||
| Total expenses and disbursements | $59,964 | $11,194 | $0 | $47,795 |
| Compensation of officers, directors, trustees, etc. | $17,136 | |||
| Total operating and administrative expenses | $20,149 | $11,194 | $7,980 | |
| Contributions, gifts, grants paid | $39,815 | |||
| Excess of revenue over expenses and disbursements | $41,083 | |||
| Net investment income | $89,853 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,222,478 | $1,234,588 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,183,670 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $38,808 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,222,478 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $72,591 |
| 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 | $1,797 |
| Total credits and payments | $768 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $768 |
| 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 | $1,029 |
| 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 | $1,203,085 |
| Net value of noncharitable-use assets | $1,185,040 |
| Minimum investment return | $59,252 |
| Distributable Amount (for 2012) | |
| Distributable amount | $57,455 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $57,455 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $41,514 |
| 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 | Jennie S Fralick B O Presbyterian Church | PO BOX 1802, Providence, RI 02901-1802 | RI | 1989-04 | $3,663 |
| 2 | Jennifer And Robert Grunbeck Family Foundation, Grunbeck Jennifer & Robert Ttees | PO BOX 1802, Providence, RI 02901-1802 | RI | 2001-02 | $158,389 |
| 3 | Jeremiah Foundation Inc | 155 South Main St, Providence, RI 02903-2963 | RI | 1992-09 | $526 |
| 4 | Jeremiah J Fitzgerald Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | $163,884 | |
| 5 | Jeremiah R Van Brunt Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 2005-10 | $3,031,768 |
| 6 | Jerrold A Salmanson Foundation | 155 South Main Street, Providence, RI 02903-2963 | RI | 1985-05 | $203,536 |
| 7 | Jesse E & Flora M Sheldon Mem Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 1998-09 | $589,976 |
| 8 | Jesse L Beers Trust Fund 3786905 | PO BOX 1802, Providence, RI 02901-1802 | RI | $545,181 | |
| 9 | Jesse M Smith Memorial Library | 144 Main Street, Harrisville, RI 02830-1422 | RI | 1990-11 | $684,532 |
| 10 | Jessie Dawes Trust Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | $137,128 | |
| 11 | Jessie J Patterson Trust 20 00 1383 0 Nect Shawmut 1st Bk & Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | $655,339 | |
| 12 | Jessie Watters Tr Uw, First National Bank Of Boston | PO BOX 1802, Providence, RI 02901-1802 | RI | 1987-08 | $121,460 |
| 13 | Jewish Community Center Inc | 401 Elmgrove Ave, Providence, RI 02906-3451 | RI | 1935-06 | $2,965,757 |
| 14 | Jewish Community Day School Of Rhode Island | 85 Taft Ave, Providence, RI 02906-3405 | RI | 1981-12 | $7,244 |
| 15 | Jewish Family Service Inc | 959 N Main St, Providence, RI 02904-5715 | RI | 1948-12 | $3,860,795 |
| 16 | Jewish Seniors Assisted Living Support Corporation | 100 Niantic Ave, Providence, RI 02907 | RI | 2006-02 | $176,918 |
| 17 | Jewish War Veterans Of Rhode Island Memorial Wall Of Honor Inc | PO BOX 100064, Cranston, RI 02910-0061 | RI | 1999-11 | $11,267 |
| 18 | Jirehscope Ministries Inc | Po Box 114075, North Providence, RI 02911-0275 | RI | 2006-03 | $21,276 |
| 19 | Jm Apartments | 249 Roosevelt Ave, Pawtucket, RI 02860-2134 | RI | 2007-01 | $85,939 |
| 20 | Joan A Goodspeed Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1976-06 | $1,500,527 |
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