Norris Cotton 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
| Norris Cotton Trust | |
| Employer Identification Number (EIN) | 026060522 |
| Name of Organization | Norris Cotton Trust |
| In Care of Name | Fleet National Bank |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Subsection | Charitable Organization |
| Ruling Date | 11/1999 |
| 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 | $659,414 |
| Amount of Income | $593,787 |
| Form 990 Revenue Amount | $36,575 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising Organizations That Cross Categories |
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 | $26,537 | $26,453 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $17,243 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2 | |||
| Other | $9,292 | |||
| Total expenses and disbursements | $31,465 | $4,485 | $0 | $25,936 |
| Compensation of officers, directors, trustees, etc. | $7,247 | |||
| Total operating and administrative expenses | $9,348 | $4,485 | $3,819 | |
| Contributions, gifts, grants paid | $22,117 | |||
| Excess of revenue over expenses and disbursements | $-4,928 | |||
| Net investment income | $21,968 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $600,823 | $661,717 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $30,120 | |
| Investments-corporate stock | $480,202 | |
| Investments-corporate bonds | $22,993 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $67,508 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $600,823 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $9,292 |
| 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 | $439 |
| Total credits and payments | $700 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $700 |
| 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 | $261 |
| Amount to be credited to 2013 estimated tax | $261 |
| 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 | $659,209 |
| Net value of noncharitable-use assets | $649,320 |
| Minimum investment return | $32,466 |
| Distributable Amount (for 2012) | |
| Distributable amount | $32,027 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $32,027 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $11,153 |
| 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 |
| Other organizations in Rhode Island | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Nina Foundation | Po Box 276, Peace Dale, RI 02883 | RI | 2004-02 | $87,039 |
| 2 | Nina Lynette Home | PO BOX 534, Newport, RI 02840-0500 | RI | 1943-05 | $434,650 |
| 3 | Nina Norgaard Trust Norstar Trust Comp, Charitable Trust 53920005 | PO BOX 1802, Providence, RI 02901-1802 | RI | $24,369 | |
| 4 | Nina Purdon Charitable Foundation 09171989 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2004-06 | $693,777 |
| 5 | Nmr Concepts Corporation | 4 Corr Way, E Greenwich, RI 02818-1246 | RI | $78,285 | |
| 6 | Nora C Abramson Trust Uw, United Jersey Bank Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | $34,004 | |
| 7 | Norman A Barnes Library Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 2010-10 | $576,993 |
| 8 | Norman J & Anna B Gould Scholarship Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1965-04 | $131,410 |
| 9 | Norman J & Anna B Gould Scholarship Fund, Fleet Investment Services | PO BOX 1802, Providence, RI 02901-1802 | RI | $775,339 | |
| 10 | Norman J Moser Tt B2555, Fbo Vari Charities | PO BOX 1802, Providence, RI 02901 | RI | $172,401 | |
| 11 | Norris Cotton Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1999-11 | $593,787 |
| 12 | Norris W Rathbun Trust Fbo, Rathbun Free Memorial Library | PO BOX 1802, Providence, RI 02901-1802 | RI | 1943-05 | $358,292 |
| 13 | North American Uechi Karate Association Inc, Nauka | PO BOX 16324, Rumford, RI 02916-0694 | RI | 2009-01 | $17,855 |
| 14 | North Central Chamber Of Commerce | 255 Greenville Ave, Johnston, RI 02919-4111 | RI | 1987-06 | $99,639 |
| 15 | North Dakota Automobile Insurance Plan | C/O Aipso 302 Central Avenue, Johnston, RI 02919-4932 | RI | 1952-05 | $0 |
| 16 | North East Research And Education Network Inc | 6946 Post Rd Ste 402, N Kingstown, RI 02852-7613 | RI | 2004-11 | $1,119,730 |
| 17 | Greater North End Community Development Inc | 68 Pierce St, Westerly, RI 02891-1616 | RI | 1997-05 | $7,747 |
| 18 | North Family Trust Robert Cummings Margaret Hogan, Louis G Murphy Jr Trustees | 344 Main St Ste 200, Wakefield, RI 02879-7406 | RI | 1992-05 | $854,950 |
| 19 | North Foster Day Care Inc | PO BOX 235, Foster, RI 02825-0235 | RI | 1987-06 | $186,870 |
| 20 | North Kingstown Chamber Of Commerce Inc | 8045 Post Rd, N Kingstown, RI 02852-4423 | RI | 1978-03 | $166,095 |
Organization representatives - add corrected or new information about Norris Cotton Trust »
Non-representatives - add comments about Norris Cotton Trust»