Museum Of Art Of Ogunquit 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
| Museum Of Art Of Ogunquit Trust | |
| Employer Identification Number (EIN) | 016021861 |
| Name of Organization | Museum Of Art Of Ogunquit Trust |
| In Care of Name | Maine National Bank |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Other cultural or historical activities, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 09/1967 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $341,436 |
| Amount of Income | $276,543 |
| Form 990 Revenue Amount | $51,051 |
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 | $25,797 | $25,805 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $7,908 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1 | |||
| Other | $17,888 | |||
| Total expenses and disbursements | $23,061 | $5,328 | $0 | $16,088 |
| Compensation of officers, directors, trustees, etc. | $8,548 | |||
| Total operating and administrative expenses | $11,327 | $5,328 | $4,354 | |
| Contributions, gifts, grants paid | $11,734 | |||
| Excess of revenue over expenses and disbursements | $2,736 | |||
| Net investment income | $20,477 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $352,278 | $349,949 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $315,443 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $22,858 | |
| Other | $13,977 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $352,278 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $17,888 |
| 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 | $410 |
| Total credits and payments | $916 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $916 |
| 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 | $506 |
| Amount to be credited to 2013 estimated tax | $412 |
| 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 | $344,913 |
| Net value of noncharitable-use assets | $339,740 |
| Minimum investment return | $16,987 |
| Distributable Amount (for 2012) | |
| Distributable amount | $16,577 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $16,577 |
| 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 | Mt St Francis Day Care Center | C/O Fiscal Office One Cathedral Sq, Providence, RI 02903 | RI | 1946-03 | $0 |
| 2 | Multi-Cultural Foodservice & Hospitality Alliance | 1144 Narragansett Blvd, Cranston, RI 02905-4012 | RI | 2000-05 | $484,179 |
| 3 | Military Officers Association Of America | Pobox 545, North Kingstown, RI 02852 | RI | 1988-11 | $64,635,244 |
| 4 | Nels D Sedwall Char Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 2004-02 | $270,627 |
| 5 | National Autism Association Inc | One Park Avenue Suite 1, Portsmouth, RI 02871-4315 | RI | 2005-10 | $700,323 |
| 6 | Multidimensional Lifespan Institute | 333 Slater Ave, Providence, RI 02906-4834 | RI | 1996-06 | $1 |
| 7 | Mumford Housing Corporation | 29 Freeborn St, Newport, RI 02840-1821 | RI | 1982-08 | $95,861 |
| 8 | Muriel L Mclauthlin U W, Fleet Bank Of Massaxhusetts Na | PO BOX 1802, Providence, RI 02901-1802 | RI | 1993-03 | $154,866 |
| 9 | Murphy Fam Foundation Tr, John M Murphy Et Al Ttee | 1 Home Loan Plz Ste 3, Warwick, RI 02886-1764 | RI | 2007-10 | $162,032 |
| 10 | Murray Family Charitable Foundation | 10 Weybosset St Ste 302b, Providence, RI 02903-2831 | RI | 1995-05 | $9,441,301 |
| 11 | Museum Of Art Of Ogunquit Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1967-09 | $276,543 |
| 12 | Museum Of Primitive Art And Culture | 1058 Kingstown Rd, Wakefield, RI 02879-2536 | RI | 1984-08 | $28,525 |
| 13 | Museum Of Work And Culture Preservation Foundation | 42 S Main St, Woonsocket, RI 02895-4274 | RI | 2008-10 | $72,885 |
| 14 | Musica Dolce | C/O Elizabeth Reardon56 Harwood Rd, East Greenwich, RI 02818 | RI | 1992-12 | $47,534 |
| 15 | Mwea Fund | PO BOX 478, Charlestown, RI 02813-0478 | RI | 2005-03 | $44,341 |
| 16 | Myketiuk Family Tuw Fdn Tr, 61-02-204-0917823 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2007-03 | $491,747 |
| 17 | Mynde & Gary Siperstein Charitable Foundation | 130 Joseph Ct, Warwick, RI 02886-9564 | RI | 2001-08 | $1,029,066 |
| 18 | Myra K Moulton Trust Uw | PO BOX 1802, Providence, RI 02901-1802 | RI | 1991-09 | $345,203 |
| 19 | Myron L Fuller Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | $436,921 | |
| 20 | Myrtle L Shuster Tr Uw 137-1200353008 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2009-03 | $885,963 |
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