Acorn Foundation in Weston, 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
- Other organizations in Massachusetts
| Acorn Foundation | |
| Employer Identification Number (EIN) | 043201916 |
| Name of Organization | Acorn Foundation |
| In Care of Name | Theodore Alford Ttee |
| Address | 1 Chestnut St, Weston, MA 02493-1525 |
| Activities | Other school related activities, Other health services, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| 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 | $6,475,326 |
| Amount of Income | $4,272,806 |
| Form 990 Revenue Amount | $855,475 |
Non-representatives - add comments:
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 | $6,957,879 | $452,808 | $0 | |
| Contributions, gifts, grants, etc., received | $4,887,814 | |||
| Interest on savings and temporary cash investments | $59,235 | |||
| Dividends and interest from securities | $72,066 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $411 | |||
| Other | $1,938,353 | |||
| Total expenses and disbursements | $2,474,556 | $20,207 | $0 | $2,445,532 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $53,326 | $20,207 | $24,302 | |
| Contributions, gifts, grants paid | $2,421,230 | |||
| Excess of revenue over expenses and disbursements | $4,483,323 | |||
| Net investment income | $432,601 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,698,705 | $11,364,732 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $5,082,825 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $615,880 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $5,698,705 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,938,353 |
| 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 | $4,326 |
| Total credits and payments | $7,742 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $7,742 |
| 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 | $0 |
| Tax due | $0 |
| Overpayment | $3,416 |
| Amount to be credited to 2013 estimated tax | $3,416 |
| 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? | No |
| 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? | Yes |
| 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 | $9,859,023 |
| Net value of noncharitable-use assets | $9,711,140 |
| Minimum investment return | $485,557 |
| Distributable Amount (for 2012) | |
| Distributable amount | $481,231 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $481,231 |
| 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 | $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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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Access Oxford Inc | PO BOX 444, Oxford, MA 01540-0444 | MA | 2009-02 | $142,317 |
| 2 | Access Strategies Fund | 675 Mass Ave 8th Fl Ste B, Cambridge, MA 02139-3309 | MA | 1999-05 | $2,702,028 |
| 3 | Accessability Alternatives Inc | 141 Montague Rd, Wendell, MA 01379 | MA | 1998-04 | $0 |
| 4 | Accutest Inc | PO BOX 999, Westford, MA 01886-0031 | MA | 2013-01 | $1,041,629 |
| 5 | Ace It Education Inc | 1105 Commonwealth Ave, Boston, MA 02215-1127 | MA | 2001-04 | $57,967 |
| 6 | Ace Ski Club-Northeast | PO BOX 616, Westford, MA 01886 | MA | 2005-01 | $0 |
| 7 | Wisdoms Heart Inc | PO BOX 44, Rockport, MA 01966-0044 | MA | 2008-11 | $123,820 |
| 8 | Acme Theater Productions Inc | 11 Old Mill Rd, Maynard, MA 01754-1839 | MA | 2000-09 | $47,018 |
| 9 | Acoaxet Club Inc | 152 Howland Rd, Westport, MA 02790-5112 | MA | 1997-04 | $2,047,281 |
| 10 | Acord Inc | PO BOX 2203, S Hamilton, MA 01982-0203 | MA | 1995-08 | $146,256 |
| 11 | Acorn Foundation | 1 Chestnut St, Weston, MA 02493-1525 | MA | 1994-01 | $4,272,806 |
| 12 | Acre Family Day Care Corporation | 55 Middle Street No 500, Lowell, MA 01852 | MA | 1990-08 | $4,737,646 |
| 13 | Act Now Inc | 409 Main St Ste 211, Amherst, MA 01002-2346 | MA | 2002-02 | $63,615 |
| 14 | Acting Out Theater Company | 60 Island Street, Lawrence, MA 01840-1835 | MA | 2007-11 | $149,671 |
| 15 | Action & Community Training | 28 Exeter St, Arlington, MA 02474-3415 | MA | 1993-04 | $600 |
| 16 | Action Center For College Educational Svs & Scholarship Fdn, Action Ctr For Clg Ed Suc And Sch | 31 Milk St Ste 901, Boston, MA 02109-5107 | MA | 2006-08 | $3,660,927 |
| 17 | Action Centered Tutoring Services | 35 Chestnut St, Springfield, MA 01103-1705 | MA | 1989-03 | $62,763 |
| 18 | Action For Boston Community Development Real Estate Corp, Abcd Real Estate Corporation Inc | 178 Tremont St, Boston, MA 02111-1006 | MA | 1973-02 | $4,497,088 |
| 19 | Action For Lawrence-Methuen- Arlington Inc | 300 Kent St Apt 3, Brookline, MA 02446-5467 | MA | 1998-12 | $3,385 |
| 20 | Action For Post-Soviet Jewry Inc | 24 Crescent St Ste 306, Waltham, MA 02453-4360 | MA | 1975-11 | $160,645 |
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