Narragansett Bay Resources Foundation in Warren, 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
| Narragansett Bay Resources Foundation | |
| Employer Identification Number (EIN) | 050505420 |
| Name of Organization | Narragansett Bay Resources Foundation |
| In Care of Name | Luther H Blount |
| Address | 461 Water St, Warren, RI 02885-3929 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $679,223 |
| Amount of Income | $4,475 |
| Form 990 Revenue Amount | $15,180 |
| National Taxonomy of Exempt Entities (NTEE) | Environmental Quality, Protection and Beautification: Natural Resources Conservation and Protection |
Non-representatives - add comments:
Amount of income in 2013: $4,475 (it was $5,265 in 2012)
| Narragansett Bay Resources Foundation: | $4,475 |
| Other organizations performing similar types of work: | $69,982 |
Assets in 2013: $679,223 (it was $701,047 in 2012)
| Narragansett Bay Resources Foundation: | $679,223 |
| Other organizations performing similar types of work: | $61,304 |
Expenses in 2012: $11,883
| This organization: | $11,883 |
| Other organizations performing similar types of work: | $56,949 |
Income to expenses ratio in 2012: 0.4
| This organization: | 0.4 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2012: 0.0%
| Narragansett Bay Resources Foundation: | 0.0% |
| Other organizations performing similar types of work: | 47.9% |
Expenses 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 | $5,265 | $5,265 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $5,265 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $11,883 | $150 | $0 | $9,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,883 | $150 | $0 | |
| Contributions, gifts, grants paid | $9,000 | |||
| Excess of revenue over expenses and disbursements | $-6,618 | |||
| Net investment income | $5,115 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $701,047 | $701,047 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $701,047 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $701,047 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $102 |
| Total credits and payments | $435 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $435 |
| 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 | $333 |
| Amount to be credited to 2013 estimated tax | $333 |
| 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 | $682,132 |
| Net value of noncharitable-use assets | $671,900 |
| Minimum investment return | $33,595 |
| Distributable Amount (for 2012) | |
| Distributable amount | $33,493 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $33,493 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $19,227 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
| Amvets, Amvets Dept Of Rhode Island in Providence, RI |
Help For The Children Inc in Providence, RI
   |
|
Glenwood Cemetery Co Inc in East Greenwich, RI
|
| Pari Independent Living Center Inc in Pawtucket, RI |
|
Tri-City Alcoholic Rehabilitation Association, Tara Club in Hapeville, GA
|
|
Decatur Youth Enrichment Association in Decatur, AL
|
|
Blue Water Pregnancy Care Center in Port Huron, MI
|
|
Abundant Grace Praise & Worship Church in Houston, TX
|
|
Milwaukee Sharon Junior Academy, Lake Region Conference Of Seventh-D in Milwaukee, WI
|
| Vietnam Veterans Of America Inc in Columbia, SC |
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Whiterock Conservancy | 1390 Highway 141, Coon Rapids, IA 50058-8052 | IA | 2006-10 | $2,386,420 |
| 2 | Environment Rhode Island Inc | 9 S Angell St Unit 2, Providence, RI 02906-5226 | RI | 2007-02 | $222,703 |
| 3 | Friends Of Ballard Park, Sayer Richard N | 320 Thames St Ste 274, Newport, RI 02840-6633 | RI | 1996-01 | $218,246 |
| 4 | The Newport Tree Society | 662 Bellevue Aveue, Newport, RI 02840 | RI | 2009-02 | $189,136 |
| 5 | Tavern Hall Preservation Society Inc | PO BOX 137, Kingston, RI 02881-0137 | RI | 2004-09 | $59,748 |
| 6 | Clean Ocean Access | 3 Haskell Ave, Newport, RI 02840-1825 | RI | 2014-09 | $56,512 |
| 7 | Kingston Improvement Association Inc | 78 Enterprise Ter, Kingston, RI 02881 | RI | 2014-08 | $16,736 |
| 8 | Narragansett Bay Resources Foundation | 461 Water St, Warren, RI 02885-3929 | RI | 2000-02 | $4,475 |
| 9 | Buckeye Brook Coalition | Po Box 9025, Warwick, RI 02889 | RI | 2005-11 | $0 |
| 10 | Codder 02806 - Inc | PO BOX 133, Barrington, RI 02806-0133 | RI | 2015-02 | $0 |
| 11 | Edgewood Waterfront Preservation Association | 12 Selkirk Road, Cranston, RI 02905 | RI | 1996-11 | $0 |
| 12 | Environmental Neighborhood Awareness Committee Of Tiverton | 190 Bay Street, Tiverton, RI 02878 | RI | 2004-09 | $0 |
| 13 | Friends Of The Waterfront Inc | Po Box 932, Newport, RI 02840 | RI | 2014-06 | $0 |
| 14 | International Game Fish Tournament Observers | Po Box 123, Bristol, RI 02809 | RI | 2012-09 | $0 |
| 15 | Mount Tom Land Trust Inc | 141 Heritage Rd, North Kingstown, RI 02852 | RI | 2006-12 | $0 |
| 16 | Narragansett Surf Casters | Pobox 3135, Narragansett, RI 02882 | RI | 2008-08 | $0 |
| 17 | Neutaconkanut Hill Conservancy Inc | 32 Jacqueline Dr, Providence, RI 02909-6011 | RI | 2009-04 | $0 |
| 18 | Rhode Island Envirothon Inc | 2283 Hartford Pike, Johnston, RI 02919 | RI | 2004-02 | $0 |
| 19 | Sakonnet Harbor Conservancy | 24 Meadow Lane, Little Compton, RI 02837 | RI | 2001-01 | $0 |
| 20 | Sustainable Aquidneck | 50 Dixon St, Newport, RI 02840-4039 | RI | 2014-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 3,594 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Narragansett Bay Resources Foundation »
Non-representatives - add comments about Narragansett Bay Resources Foundation»