Welsford Starr & Mildred M Clark Memorial Medical Tr Ua 4-15-75, Bank Of Boston 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
| Welsford Starr & Mildred M Clark Memorial Medical Tr Ua 4-15-75, Bank Of Boston | |
| Employer Identification Number (EIN) | 066326364 |
| Name of Organization | Welsford Starr & Mildred M Clark Memorial Medical Tr Ua 4-15-75 |
| Secondary Name | Bank Of Boston |
| In Care of Name | Fleet Natl Tax Ttee |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 09/1989 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,858,315 |
| Amount of Income | $1,989,767 |
| Form 990 Revenue Amount | $180,002 |
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 | $390,802 | $390,802 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $67,911 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $322,891 | |||
| Total expenses and disbursements | $147,269 | $13,795 | $0 | $131,918 |
| Compensation of officers, directors, trustees, etc. | $21,782 | |||
| Total operating and administrative expenses | $50,269 | $13,795 | $34,918 | |
| Contributions, gifts, grants paid | $97,000 | |||
| Excess of revenue over expenses and disbursements | $243,533 | |||
| Net investment income | $377,007 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,837,016 | $3,000,232 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,590,565 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $246,451 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,837,016 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $322,891 |
| 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 | $7,540 |
| Total credits and payments | $3,298 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,298 |
| 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 | $4,242 |
| 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 | $2,963,369 |
| Net value of noncharitable-use assets | $2,918,920 |
| Minimum investment return | $145,946 |
| Distributable Amount (for 2012) | |
| Distributable amount | $138,406 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $138,406 |
| 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 | Waterbury Hospital Uw Fulton I K | PO BOX 1802, Providence, RI 02901-1802 | RI | $2,614,785 | |
| 2 | Watkins Burnham Fund | 90 Elm St, Providence, RI 02903-4647 | RI | 1997-10 | $18,233 |
| 3 | Wb Community Health | 875 Centerville Road, Warwick, RI 02886-4381 | RI | 1999-06 | $125,128,955 |
| 4 | We Learn - Women Expanding Literacy Edu Action Resources Netw | 182 Riverside Ave, Cranston, RI 02910 | RI | 2003-11 | $0 |
| 5 | Webb Charities 12521506, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | $81,488 | |
| 6 | Weekapaug Foundation For Conservation | 366 Post Rd, Westerly, RI 02891-2633 | RI | 1994-04 | $720,000 |
| 7 | Weekapaug Tennis Club | PO BOX 1264, Westerly, RI 02891-0900 | RI | 1983-10 | $141,414 |
| 8 | Weekapaug Yacht Club | 23 Spray Rock Rd, Westerly, RI 02891-4606 | RI | 2009-01 | $186,042 |
| 9 | Weidmuller Inc Retiree Health Benefits Tr | 23 Broad Street, Westerly, RI 02891-1879 | RI | 2008-02 | $73,085 |
| 10 | Weingeroff Family Foundation Tr, Weingeroff Frederick Co-Ttee | 1 Weingeroff Blvd, Cranston, RI 02910-4019 | RI | 2000-07 | $2,305 |
| 11 | Welsford Starr & Mildred M Clark Memorial Medical Tr Ua 4-15-75, Bank Of Boston | PO BOX 1802, Providence, RI 02901-1802 | RI | 1989-09 | $1,989,767 |
| 12 | Wentworth Corporation | 249 Roosevelt Ave, Pawtucket, RI 02860-2134 | RI | 1996-07 | $130,586 |
| 13 | West Bay Christian School Assoc Inc | 475 School St, N Kingstown, RI 02852-1846 | RI | 1982-10 | $1,354,588 |
| 14 | West Bay Collaborative Inc | 144 Bignall Street Ste 1, Warwick, RI 02888-1005 | RI | 1992-11 | $4,591,156 |
| 15 | West Bay Islanders Of Ri Youth Hockey Association | PO BOX 463, West Warwick, RI 02893-0463 | RI | 2007-08 | $148,169 |
| 16 | West Bay Residential Services Inc | 158 Knight St, Warwick, RI 02886-1225 | RI | 1982-03 | $12,112,457 |
| 17 | West Elmwood Housing Development Corp | 224 Dexter St, Providence, RI 02907-2413 | RI | 1971-12 | $2,186,687 |
| 18 | West End Community Center Inc | 109 Bucklin St, Providence, RI 02907-2563 | RI | 1976-10 | $436,275 |
| 19 | West Glocester Elementary Community Organization | 111 Reynolds Rd, Chepachet, RI 02814-1623 | RI | 1996-01 | $29,979 |
| 20 | West Greenwich Volunteer Fire Company No 1 | 830 Nooseneck Hill Rd, W Greenwich, RI 02817-2353 | RI | 1997-10 | $381,460 |
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