Draupner Ring Foundation Inc in Southport, Connecticut (CT)

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Draupner Ring Foundation Inc
Employer Identification Number (EIN)061487307
Name of OrganizationDraupner Ring Foundation Inc
Address281 Pequot Ave, Southport, CT 06890-1360
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date10/1997
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000 to $24,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$21,548
Amount of Income$2,007
Form 990 Revenue Amount$2,007
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2011: $2,007 (it was $2,341 in 2008)
Draupner Ring Foundation Inc: 

 $2,007
Other organizations performing similar types of work: 

 $107,200

Assets in 2011: $21,548 (it was $21,433 in 2008)
Draupner Ring Foundation Inc: 

 $21,548
Other organizations performing similar types of work: 

 $441,077

Financial snapshot ($)

Revenue for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$2,007$347$0
Contributions, gifts, grants, etc., received$1,660
Interest on savings and temporary cash investments$0
Dividends and interest from securities$58
Gross rents$0
Gross profit from sales of goods$0
Other income$289
Total expenses and disbursements$2,087$2,087$0$0
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$2,087$2,087$0
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-80
Net investment income$0
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$21,548$28,999
Cash - non-interest-bearing$6
Investments-U.S. and state government obligations$0
Investments-corporate stock$13,123
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$8,419
Total liabilities$0
Total liabilities and net assets/fund balances$21,548
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
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 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?Yes
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 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$28,459
Net value of noncharitable-use assets$28,040
Minimum investment return$1,402
Distributable Amount (for 2011)
Distributable amount$1,402
Undistributed Income (for 2011)
Distributable amount for 2011$1,402
Undistributed income for 2011. This amount must be distributed in 2012$1,402
Private Operating Foundations (for 2011)
2011201020092008Total
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The City College 21st Century Foundation Inc138th Street And Convent Avenue, New York, NY 10031NY1997-03$86,641,569
2Center For Inquiry Development Fund3965 Rensch Rd, Amherst, NY 14228-2743NY1998-12$10,791,389
3Chapel Hill Training Outreach Project Inc800 Eastowne Dr Ste 105, Chapel Hill, NC 27514-2215NC1993-05$8,975,022
4Ziering Family Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1996-06$3,505,573
5Our Lady Of Divine Providence House Of Prayer Foundation Inc711 S Bayview Ave, Clearwater, FL 33759-4251FL1994-08$283,880
6Draper Foundation, Oconnell Douglas K Ttee682 Main St, Winsted, CT 06098-1515CT1998-06$3,648,519
7The Lohrfink Foundation11 Khakum Dr, Greenwich, CT 06831-3727CT1997-09$1,720,698
8Phoenix Foundation IncOne American Row, Hartford, CT 06102CT1997-09$1,703,150
9Bullfrogs And Butterflies Foundation Tr, Bottomley Bruce Ttee30 Lost District Dr, New Canaan, CT 06840-2004CT1998-01$1,295,184
10Robert G And Marguerite M Derx Foundation, Mcredmond Eugene R TteePO BOX 578, Litchfield, CT 06759-0578CT1997-10$1,255,737
11R Hahn Foundation24 Partridge Ln, Weston, CT 06883-2440CT1998-05$1,095,227
12Feinberg Family Foundation250 Round Hill Rd, Greenwich, CT 06831-3359CT1998-08$1,061,668
13Gordon F Linke And Jocelyn B Linke Foundation Inc116 Eleven Levels Rd, Ridgefield, CT 06877-3009CT1997-08$916,607
14Pediatric Foundation Inc26 Oakwood Dr, North Haven, CT 06473-1937CT1994-08$804,166
15Ernest And Joan Trefz Foundation10 Middle Street, Bridgeport, CT 06604-4257CT1997-09$798,638
16Mcphee Foundation Inc44 Belgian Cir, Bristol, CT 06010-8967CT1997-10$638,471
17Jim Jacobs Charitable Foundation IncPO BOX 1096, Branford, CT 06405-8096CT1998-09$427,587
18Ruth And Jack Glantz Family Foundation IncPO BOX 1147, Madison, CT 06443-1147CT1998-08$355,191
19Rosencrans Family Foundation Inc331 Round Hill Rd, Greenwich, CT 06831-3303CT1998-02$323,240
20Gabe Wiener Foundation Inc35 Ravenrock, Roxbury, CT 06783-1023CT1998-01$300,134
21Morton B And Phyllis C Kahn Family Private Foundation80c Old Hill Rd, Westport, CT 06880-2300CT1998-01$221,793
22Mazaika Family Foundation Inc77 Auncient Oak Rd, Bethlehem, CT 06751-1034CT1997-11$219,280
23Renard Family Foundation8 Pine Hill Trl, Sherman, CT 06784-2621CT1997-03$194,239
24David & Karen Pecker Foundation27 Boulder Brook Rd, Greenwich, CT 06830-3514CT1998-02$180,833
25Northern Star Foundation Inc223 Glenville Rd, Greenwich, CT 06831-4432CT1998-10$168,864
26Chuza Foundation317 Holw Tree Rdg Rd, Darien, CT 06820-3215CT1998-07$160,899
27Podrove Family Foundation Inc175 Capital Blvd, Rocky Hill, CT 06067-3914CT1998-11$160,257
28Rising Phoenix Foundation Inc40 Burr Rd, Lyme, CT 06371-1102CT1998-08$148,300
29Mcinerney Family Foundation274 Riverside Avenue 2nd Floor, Westport, CT 06880-4808CT1998-06$147,691
30Damman Family Foundation Tr, Damman George TteePO BOX 201, Greens Farms, CT 06838-0201CT1998-02$132,682
Number of organizations performing similar types of work
Alaska4
Alabama56
Arkansas18
Arizona58
California548
Colorado116
Connecticut78
District of Columbia24
Delaware45
Florida344
Georgia158
Hawaii18
Iowa56
Idaho24
Illinois311
Indiana83
Kansas53
Kentucky40
Louisiana50
Massachusetts115
Maryland116
Maine18
Michigan199
Minnesota100
Missouri76
Mississippi26
Montana9
North Carolina135
North Dakota2
Nebraska43
New Hampshire17
New Jersey210
New Mexico24
Nevada41
New York530
Ohio224
Oklahoma53
Oregon62
Pennsylvania249
Rhode Island33
South Carolina40
South Dakota12
Tennessee47
Texas381
Utah45
Virginia119
Vermont8
Washington86
Wisconsin98
West Virginia9
Wyoming19
International13
Total5,243

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