Trust In Diversity in Boston, Massachusetts (MA)
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
- Organizations performing similar types of work
Trust In Diversity | |
Employer Identification Number (EIN) | 046747335 |
Name of Organization | Trust In Diversity |
In Care of Name | Bingham Mccutchen |
Address | One Federal St, Boston, MA 02110-2012 |
Activities | Gifts or grants to individuals (other than scholarships) |
Subsection | Charitable Organization |
Ruling Date | 04/1995 |
Deductibility | Contributions are deductible |
Foundation | Private operating foundation (other) |
Organization | Trust |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 07/2014 |
Assets | $5,000,000 to $9,999,999 |
Income | $1,000,000 to $4,999,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $8,910,858 |
Amount of Income | $1,105,286 |
Form 990 Revenue Amount | $476,738 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2014: $1,105,286 (it was $3,045,858 in 2013)
Trust In Diversity: | $1,105,286 |
Other organizations performing similar types of work: | $71,328 |
Assets in 2014: $8,910,858 (it was $9,164,437 in 2013)
Trust In Diversity: | $8,910,858 |
Other organizations performing similar types of work: | $50,799 |
Expenses in 2012: $201,337
This organization: | $201,337 |
Other organizations performing similar types of work: | $47,311 |
Income to expenses ratio in 2012: 5.5
Trust In Diversity: | 5.5 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
Trust In Diversity: | 0.0% |
Other organizations performing similar types of work: | 7.7% |
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 | $476,738 | $475,798 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $242,968 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $940 | |||
Other | $232,830 | |||
Total expenses and disbursements | $201,337 | $85,909 | $0 | $113,848 |
Compensation of officers, directors, trustees, etc. | $14,916 | |||
Total operating and administrative expenses | $131,837 | $85,909 | $44,348 | |
Contributions, gifts, grants paid | $69,500 | |||
Excess of revenue over expenses and disbursements | $275,401 | |||
Net investment income | $389,889 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $8,326,878 | $9,496,508 |
Cash - non-interest-bearing | $0 | |
Investments-U.S. and state government obligations | $4,012,338 | |
Investments-corporate stock | $3,425,961 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $304,488 | |
Other | $584,091 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $8,326,878 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $232,830 |
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 | $7,798 |
Total credits and payments | $1,580 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,580 |
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 | $83 |
Tax due | $6,301 |
Overpayment | $0 |
Amount to be credited to 2013 estimated tax | $0 |
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? | Yes |
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 | $9,328,318 |
Net value of noncharitable-use assets | $9,188,400 |
Minimum investment return | $459,420 |
Distributable Amount (for 2012) | |
Distributable amount | $0 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $0 |
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 | $459,420 | $0 | $0 | $0 | $459,420 |
Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
Value of all assets | $1 | $0 | $0 | $0 | $1 |
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 | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Roswell Park Alliance Foundation | Elm And Carlton St, Buffalo, NY 14263-0001 | NY | 1996-08 | $28,110,672 |
2 | Science Foundation Arizona | 400 E Van Buren St Ste 220, Phoenix, AZ 85004-2223 | AZ | 2006-11 | $7,919,015 |
3 | St Andrews Charitable Foundation | 6633 Delmar Blvd, St Louis, MO 63130-4505 | MO | 2008-01 | $1,344,641 |
4 | Tma Support Corporation | 2427 M L K Jr Ave Se, Washington, DC 20020-5815 | DC | 2006-10 | $709,645 |
5 | Rotary Club Of Coralsprings-Parkland Foundation Inc | 11873 Nw 2nd Ct, Coral Springs, FL 33071-8017 | FL | 2007-03 | $57,467 |
6 | The Red Sox Foundation Inc | 4 Yawkey Way, Boston, MA 02215-3409 | MA | 2003-06 | $8,770,343 |
7 | Trust In Diversity | One Federal St, Boston, MA 02110-2012 | MA | 1995-04 | $1,105,286 |
8 | Move The World Foundation, Thomas L Pappas Ttee | 109 Thornberry Rd, Winchester, MA 01890-3241 | MA | 2012-08 | $933,144 |
9 | Tugg Corp | 890 Winter St Ste 320, Waltham, MA 02451-1493 | MA | 2009-12 | $850,401 |
10 | Caring Partners Inc, Coats For Kids | 500 Clark Road, Tewksbury, MA 01876 | MA | 2009-12 | $658,448 |
11 | Claddagh Fund Charities Inc | 82 Broad St, Boston, MA 02110-3503 | MA | 2010-10 | $497,055 |
12 | Social Venture Partners Boston | 11 Concord St, Charlestown, MA 02129-2524 | MA | 2012-04 | $426,183 |
13 | Mccourt Foundation Inc | 300 Congress St, Quincy, MA 02169 | MA | 2011-02 | $393,077 |
14 | Boston Rising Inc | 537 Main Street Ste 12, Harwich Port, MA 02646-1894 | MA | 2009-11 | $384,086 |
15 | Massachusetts Technology Leadership Council Education Foundation Inc | 20 Mall Rd Ste 151, Burlington, MA 01803-4128 | MA | 1997-12 | $362,924 |
16 | Tech Foundation Inc | 30 Brattle St Ste 3, Cambridge, MA 02138-3727 | MA | 2001-02 | $300,000 |
17 | Excel Academy East Boston Realty Corporation | 58 Moore St, East Boston, MA 02128-1548 | MA | 2011-08 | $229,961 |
18 | Friends Of Imbuto Foundation Usa Inc | One Liberty Square, Boston, MA 02109-4825 | MA | 2014-03 | $200,011 |
19 | Millbury Lions Foundation Inc | 5 Gover Road, Millbury, MA 01527 | MA | 2012-01 | $184,713 |
20 | Charity Partners Foundation Inc | 177 Huntington Ave Suite 2000, Boston, MA 02115 | MA | 2009-09 | $177,810 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 13,855 |
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