Bailey Farmington Village Green And Library Trust
- Assets
- $0.0
- Revenue
- $43.1k
- Investments
- $517.1k
- Employees
- 0
- Location
- Farmington, CT
- Founding
- 02/2010
- Data as of
- 06/2021
- EIN
- 27-0505166
Organization Overview
Bailey Farmington Village Green And Library Trust is located in Farmington, CT. The organization was established in 2010. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bailey Farmington Village Green And Library Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BAILEY FARMINGTON VILLAGE GREEN AND LIBRARY TRUST (TRUST) WAS CREATED UNDER THE TRUST AGREEMENT OF ALMA B. TAYLOR ON OCTOBER 3, 2005. ACCORDING TO THE TRUST AGREEMENT, THE TRUSTEE SHALL FUND PROJECTS FOR THE FARMINGTON VILLAGE GREEN AND LIBRARY ASSOCIATION (ASSOCIATION) LOCATED IN FARMINGTON, CONNECTICUT OUT OF THE NET INCOME OF THE TRUST. THE ASSOCIATION IS AN EDUCATIONAL ENTITY EXEMPT UNDER INTERNAL REVENUE SERVICE SECTION 501(C) 3. THE PROJECTS SHALL BE SELECTED IN A MANNER PURSUANT TO ARTICLE III OF THE TRUST AGREEMENT. IN THE EVENT THE FARMINGTON VILLAGE GREEN AND LIBRARY ASSOCIATION IS NO LONGER A VIABLE FINANCIAL ENTITY OR DETERMINED TO BE AN EDUCATION ENTITY UNDER INTERNAL REVENUE SERVICE SECTIONS 501(C) 3 AND 170, THEN THE TRUST CORPUS SHOULD BE DISTRIBUTED TO THE FARMINGTON VILLAGE GREEN AND LIBRARY ASSOCIATION TO PROVIDE FOR PROJECTS, ENDEAVORS OR ACQUISITIONS IN FURTHERANCE OF THEIR CHARTER BY UTILIZING THE CRITERIA ESTABLISHED IN ARTICLE III OF THE TRUST. ACCORDING TO
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $7,847 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,067 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $12,121 |
| Contributions, gifts, grants paid | $42,200 |
| Total expenses and disbursements | $54,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
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