Wood Memorial Library 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
| Wood Memorial Library Trust | |
| Employer Identification Number (EIN) | 066167846 |
| Name of Organization | Wood Memorial Library Trust |
| In Care of Name | Fleet Bank |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Ruling Date | 05/1974 |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 09/2013 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $895,996 |
| Amount of Income | $556,205 |
| Form 990 Revenue Amount | $43,076 |
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 | $31,517 | $46,917 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $26,318 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $5,199 | |||
| Total expenses and disbursements | $71,071 | $10,354 | $0 | $59,960 |
| Compensation of officers, directors, trustees, etc. | $16,557 | |||
| Total operating and administrative expenses | $49,071 | $10,354 | $37,960 | |
| Contributions, gifts, grants paid | $22,000 | |||
| Excess of revenue over expenses and disbursements | $-39,554 | |||
| Net investment income | $36,563 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $809,106 | $2,186,873 |
| Cash - non-interest-bearing | $8,080 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $706,233 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $94,793 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $809,106 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $5,199 |
| 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 | $731 |
| Total credits and payments | $925 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $925 |
| 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 | $194 |
| Amount to be credited to 2013 estimated tax | $194 |
| 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 | $888,694 |
| Net value of noncharitable-use assets | $875,360 |
| Minimum investment return | $43,768 |
| Distributable Amount (for 2012) | |
| Distributable amount | $43,037 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $43,037 |
| 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 | Winthrop And Amy Robinson Charitable Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 2014-05 | $328,070 |
| 2 | Wishes Come True Foundation Inc | 1010 Warwick Ave, Warwick, RI 02888 | RI | 2002-04 | $11,880 |
| 3 | Wm Foulds Co-Tr Uw W F Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | $802,512 | |
| 4 | Wollaston Womens Club Scholarship Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1971-11 | $14,618 |
| 5 | Gfwc Women's Club Of South County Inc | PO BOX 5684, Wakefield, RI 02880 | RI | 2008-08 | $0 |
| 6 | Women & Infants Hospital Staff Assoc | 101 Dudley St, Providence, RI 02905-2499 | RI | 1968-08 | $96,320 |
| 7 | Womens Development Corporation | 861a Broad St, Providence, RI 02907-1768 | RI | 1979-09 | $622,008 |
| 8 | Womens Fund Of Rhode Island | One Union Station, Providence, RI 02903-1758 | RI | 2005-07 | $300,226 |
| 9 | Womens Health And Education Fund | Po Box 5863, Providence, RI 02903 | RI | 1992-05 | $0 |
| 10 | Womens Opportunity Realty Corp | 861a Broad St, Providence, RI 02907-1768 | RI | 1987-04 | $194 |
| 11 | Wood Memorial Library Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1974-05 | $556,205 |
| 12 | Wood River Health Services Inc | 823 Main St, Hope Valley, RI 02832-1920 | RI | 1979-04 | $4,761,915 |
| 13 | Woodlawn Community Development Corporation | 210 West Ave Unit 1, Pawtucket, RI 02860-3775 | RI | 2002-08 | $206,186 |
| 14 | Woodward First Methodist Church Of Leroy Trust 20473 Nect | PO BOX 1802, Providence, RI 02901-1802 | RI | 1970-12 | $87,743 |
| 15 | Woodward Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1966-03 | $561,348 |
| 16 | Woodward Rd Social Club | 1491 Mineral Spring Ave, North Providence, RI 02904 | RI | 1995-09 | $53,999 |
| 17 | Woodward St Marks Church Of Leroy Trust Uw Elw | PO BOX 1802, Providence, RI 02901-1802 | RI | 1973-05 | $615,640 |
| 18 | Woon Headstart & Day Care Center | 204 Warwick St, Woonsocket, RI 02895-6418 | RI | 1974-05 | $3,132,424 |
| 19 | Woonasquatucket Valley Community Build Inc | 27 Sims Ave, Providence, RI 02909-1050 | RI | 2002-10 | $516,818 |
| 20 | Woonsocket Cat Sanctuary Inc | 266 Mendon Rd, Woonsocket, RI 02895-2403 | RI | 2006-07 | $64,306 |
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