Florence M Trow Trust, First National Bank & Trust Co Ttee in Beloit, Wisconsin (WI)

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Florence M Trow Trust, First National Bank & Trust Co Ttee
Employer Identification Number (EIN)396081296
Name of OrganizationFlorence M Trow Trust
Secondary NameFirst National Bank & Trust Co Ttee
Address345 E Grand Ave, Beloit, WI 53511-6226
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date03/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$230,706
Amount of Income$67,329
Form 990 Revenue Amount$8,194
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations:


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Amount of income in 2013: $67,329 (it was $58,795 in 2012)
This organization: 

 $67,329
Other organizations performing similar types of work: 

 $161,555

Assets in 2013: $230,706 (it was $221,703 in 2012)
This organization: 

 $230,706
Other organizations performing similar types of work: 

 $432,086

Expenses in 2013: $12,798
Florence M Trow Trust, First National Bank & Trust Co Ttee: 

 $12,798
Other organizations performing similar types of work: 

 $61,941

Income to expenses ratio in 2013: 5.3
This organization: 

 5.3
Other organizations performing similar types of work: 

 2.8

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$21,068$8,264$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$1
Dividends and interest from securities$5,531
Gross rents$0
Gross sales price for all assets$61,797
Gross profit from sales of goods$0
Other income$0
Other$15,536
Total expenses and disbursements$12,798$1,903$0$10,895
Compensation of officers, directors, trustees, etc.$3,061
Pension plans, employee benefits$0
Legal fees$50
Accounting fees$480
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$3,698$1,903$1,795
Contributions, gifts, grants paid$9,100
Excess of revenue over expenses and disbursements$8,270
Net investment income$6,361
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$230,518$230,013$221,703$234,363$230,706$253,675
Cash - non-interest-bearing$5,032$6,283$14,768
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$225,483$215,420$215,938
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$11,700$4,850$4,550
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$218,818$216,853$226,156
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$1,434$3,961$15,536
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$104$67$64
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$67$64
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201120122013
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?YesYesNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?YesYesYes
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$225,676$240,638$245,432
Net value of noncharitable-use assets$237,028$241,751
Minimum investment return$11,371$11,851$12,088
Distributable Amount
201120122013
Distributable amount$11,267$11,784$12,024
Undistributed Income
201120122013
Distributable amount for this year$11,267$11,784$12,024
Undistributed income for this year. This amount must be distributed in the next year$8,675$9,024$10,153
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$1$0
Dividends and interest from securities$5,531$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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IdNameAddressStateEstablishedTotal Income
1Sanford Health Foundation101 S Reid St Ste 202, Sioux Falls, SD 57103-7062SD1997-01$166,029,960
2High Point Realty Associates Inc324 Blackwell St Washington Bldg No, Durham, NC 27701NC1997-09$4,732,106
3Mcglothlin Foundation1005 Glenway Ave, Bristol, VA 24201-3473VA1998-12$28,470,035
4Annie Rowell Intrvs TrPO BOX 477, Concord, NH 03302-0477NH1997-11$16,055,894
5George William Patton & Mary Patton Foundation Trust BPO BOX 831041, Dallas, TX 75283-1041TX1998-01$14,849,158
6Foundation For Deep Ecology1606 Union St, San Francisco, CA 94123-4507CA1998-02$11,856,900
7Marketplace Ministries Foundation2001 West Plano Parkway, Plano, TX 75075-8601TX1998-05$11,563,975
8Susan Vaughan Foundation Inc600 Jefferson St Ste 300, Houston, TX 77002-7377TX1989-09$10,689,100
9Four-Four Foundation Inc630 Fifth Ave, New York, NY 10111-0100NY1996-11$7,418,554
10Barbro Osher Pro Suecia FoundationOne Ferry Bldg Ste 255, San Francisco, CA 94111-4213CA1996-07$6,898,151
11June G Outhwaite Irrv Charitable Tr 010298, Pucher John S Ttee1206 Coast Village Circle Suite A, Santa Barbara, CA 93108-2710CA1998-04$6,098,153
12Artsfund FoundationPO BOX 19780, Seattle, WA 98109-6780WA1998-01$5,921,746
13Ewtn Religious Catalogue Inc5817 Old Leeds Rd, Irondale, AL 35210-2164AL1998-03$5,893,982
14Rjjb Family FoundationPO BOX 91206, Mobile, AL 36691-1206AL1997-11$5,432,625
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16Jkw Foundation Tr Ua 092597, Stein Jean TteeC/O Jean Stein 10 Gracie Square, New York, NY 10028NY1997-11$3,828,184
17Mary Clara Allison Charitable Trust, CharitiesPO BOX 3168, Portland, OR 97208-3168OR1998-02$3,064,981
18Florence M Trow Trust, First National Bank & Trust Co Ttee345 E Grand Ave, Beloit, WI 53511-6226WI1998-03$67,329
19Mid-Continent Museum Foundation Inc10 Connecticut Co, Madison, WI 53719WI1996-10$891
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Number of organizations performing similar types of work
Alaska2
Alabama4
Arkansas2
Arizona5
California55
Colorado9
Connecticut3
District of Columbia4
Delaware1
Florida24
Georgia3
Hawaii1
Iowa4
Idaho2
Illinois20
Indiana5
Kansas2
Kentucky2
Louisiana2
Massachusetts16
Maryland9
Maine3
Michigan8
Minnesota3
Missouri4
Mississippi2
Montana1
North Carolina16
Nebraska4
New Hampshire6
New Jersey8
New Mexico1
Nevada3
New York37
Ohio10
Oklahoma3
Oregon9
Pennsylvania18
Rhode Island3
South Carolina1
South Dakota2
Tennessee2
Texas25
Utah9
Virginia9
Vermont2
Washington13
Wisconsin4
West Virginia6
Total387

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