Name/Title
Legal Doc Jan 5,1953 William Bull & Sarah Wells Stone House Assoc. Exemption ApplicationEntry/Object ID
001684Tags
William Bull and Sarah Wells Stone House AssociationScope and Content
This is an Exemption Application (U.S. Treasury Department Form 1023) filed by the William Bull and Sarah Wells Family Association, Incorporated, seeking tax-exempt status under Section 101(6) of the Internal Revenue Code.
The application was signed on January 5, 1953, by Robert McLeod Jackson, the Secretary of the organization.
Key Organizational Details
Location: Bull Stone House, Town of Hamptonburgh, Orange County, New York.
Incorporation: Formally incorporated in New York on September 23, 1920, following an informal association that existed since 1868.
Primary Purpose: To preserve a historic stone house (built in 1722) and a frame barn, and to display articles of historic interest.
Membership/Social Aspect: The application originally mentioned promoting friendship among descendants, but this line was struck through, likely to emphasize the charitable/historic preservation nature of the organization over a social club.
Financial & Operational Information
Category Details
Income Sources Voluntary contributions, ~$225/year rent from vacant farmland, endowment income, and 25¢ entrance fees from visitors.
Expenditures Primarily real estate taxes and maintenance of the historic structures.
Assets The historic house and barn; the organization stated no part of its net income benefits any private shareholder.
Dissolution Plan Property disposition would be determined by a two-thirds vote of the Board of Managers, ratified by a majority of the members.
Notable Disclosures
Propaganda/Legislation: The organization confirmed it does not engage in any political propaganda or lobbying.
Transactions with Founders: The association stated it does not lend money to, or purchase property from, its creators or contributors. However, it noted that creators/contributors are allowed to "visit house without payment."
Activities: Current activities include maintenance of the property and the collection and display of historic articles.
