Rhode Island Building Industry Scholarship Fund in Cumberland, 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
| Rhode Island Building Industry Scholarship Fund | |
| Employer Identification Number (EIN) | 050375250 |
| Name of Organization | Rhode Island Building Industry Scholarship Fund |
| Address | 29 New York Ave, Cumberland, RI 02864-5711 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 09/1978 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $121,641 |
| Amount of Income | $34,410 |
| Form 990 Revenue Amount | $5,093 |
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 | $12,471 | $3,029 | $4,126 | |
| Contributions, gifts, grants, etc., received | $1,030 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $3,029 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $8,412 | |||
| Total expenses and disbursements | $2,134 | $210 | $704 | $1,220 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $914 | $210 | $0 | |
| Contributions, gifts, grants paid | $1,220 | |||
| Excess of revenue over expenses and disbursements | $10,337 | |||
| Net investment income | $2,819 | |||
| Adjusted net income | $3,422 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $97,335 | $97,335 |
| Cash - non-interest-bearing | $1,270 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $96,065 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $97,335 | |
| 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 | $56 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $56 |
| 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? | 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 | $92,166 |
| Net value of noncharitable-use assets | $90,780 |
| Minimum investment return | $4,539 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,483 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,483 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $4,483 |
| 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 | Rhode Island Association Of School Principals | 600 Mount Pleasant Ave Bldg 6, Providence, RI 02908-1940 | RI | 1985-04 | $426,115 |
| 2 | Rhode Island Bankers Association | 10 Memorial Boulevard, Providence, RI 02903-1160 | RI | 1942-11 | $205,293 |
| 3 | Rhode Island Bar Association | 115 Cedar Street, Providence, RI 02903-1082 | RI | 1966-08 | $2,697,829 |
| 4 | Rhode Island Bar Foundation | 115 Cedar St, Providence, RI 02903-1082 | RI | 1959-07 | $1,449,785 |
| 5 | Rhode Island Black Heritage Society | 123 N Main St 2nd Fl, Providence, RI 02903-1309 | RI | 1976-03 | $33,017 |
| 6 | Rhode Island Black Story Tellers | 393 Broad Street, Providence, RI 02907-1353 | RI | 2001-08 | $30,954 |
| 7 | Rhode Island Breast Cancer Coalition Inc | 8 Juniper Hill Dr, Coventry, RI 02816 | RI | 1996-07 | $0 |
| 8 | Rhode Island Breastfeeding Coalition | 26 1/2 Orchard Street, Pawtucket, RI 02860 | RI | 2003-10 | $17,734 |
| 9 | Rhode Island Brotherhood Of Correctional Officers Adult Correc | PO BOX 8273, Cranston, RI 02920-0273 | RI | 1977-03 | $605,982 |
| 10 | Rhode Island Builders Association, Builders Political Fund | 450 Veterans Mem Pkwy 301, East Providence, RI 02914 | RI | 1951-07 | $1,517,508 |
| 11 | Rhode Island Building Industry Scholarship Fund | 29 New York Ave, Cumberland, RI 02864-5711 | RI | 1978-09 | $34,410 |
| 12 | Rhode Island Business Group On Health Inc | 951 North Main St, Providence, RI 02904-5759 | RI | 2008-08 | $87,725 |
| 13 | Rhode Island Business Health Care Advisors Council | 1350 Division Road, Warwick, RI 02893 | RI | 2005-08 | $0 |
| 14 | Rhode Island Business Plan Competition | 40 Westminster Street, Providence, RI 02903-2525 | RI | 2006-06 | $159,583 |
| 15 | Rhode Island Cares Foundation | 655 Broad Street, Providence, RI 02907-1444 | RI | 2007-05 | $8,711 |
| 16 | Rhode Island Carpenters Local Union 94 Building Inc | 14 Jefferson Park Rd, Warwick, RI 02888-1016 | RI | 2000-12 | $158,611 |
| 17 | Rhode Island Carpenters Scholarship Fund | 14 Jefferson Park Rd, Warwick, RI 02888-1016 | RI | 1989-03 | $82,295 |
| 18 | Rhode Island Carpenters Vacation Fund | 14 Jefferson Park Rd, Warwick, RI 02888-1016 | RI | 1974-11 | $405,979 |
| 19 | Rhode Island Ceilidhe Club | 50 America St, Cranston, RI 02920-5002 | RI | 1964-03 | $50,267 |
| 20 | Rhode Island Center For Agricultural Promotion & Education | PO BOX 40940, Providence, RI 02940-0940 | RI | 1997-12 | $43,556 |



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