Agawam Center Library Association in Westfield, 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
| Agawam Center Library Association | |
| Employer Identification Number (EIN) | 042133872 |
| Name of Organization | Agawam Center Library Association |
| Address | 31 Court St, Westfield, MA 01085-3502 |
| Activities | Library |
| Subsection | Educational Organization, Literary Organization |
| Ruling Date | 02/1948 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 08/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $201,578 |
| Amount of Income | $121,098 |
| Form 990 Revenue Amount | $6,887 |
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 | $12,116 | $6,925 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $6,925 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $5,191 | |||
| Total expenses and disbursements | $10,799 | $1,200 | $0 | $9,535 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,799 | $1,200 | $1,535 | |
| Contributions, gifts, grants paid | $8,000 | |||
| Excess of revenue over expenses and disbursements | $1,317 | |||
| Net investment income | $5,725 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $203,823 | $213,899 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $116,366 | |
| Investments-corporate bonds | $54,522 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $32,935 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $203,823 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $5,191 |
| 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 | $115 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $115 |
| 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? | 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? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| 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 | $211,425 |
| Net value of noncharitable-use assets | $208,260 |
| Minimum investment return | $10,413 |
| Distributable Amount (for 2012) | |
| Distributable amount | $10,298 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $10,298 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $8,350 |
| 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 | Afrihope International Inc | PO BOX 190796, Boston, MA 02119 | MA | 1995-04 | $0 |
| 2 | Afro Egyptian Human Rights Organization Inc | Po Box 1429, Sheffield, MA 01257 | MA | 2007-06 | $0 |
| 3 | Afterschool Partners Inc | 1166 Washington St 206, Boston, MA 02118 | MA | 2002-10 | $35,250 |
| 4 | Agap Partners International Inc | PO BOX 550141, Waltham, MA 02452 | MA | 2007-11 | $0 |
| 5 | Agape Community Inc | 2062 Greenwich Rd, Hardwick, MA 01082-9309 | MA | 2002-11 | $57,155 |
| 6 | Agape International Inc | PO BOX 51, Ashland, MA 01721-0051 | MA | 2004-02 | $385,349 |
| 7 | Agassiz Baldwin Community A Cambridge Corporation | 20 Sacramento St, Cambridge, MA 02138-1856 | MA | 1986-09 | $1,466,740 |
| 8 | Agassiz Preschool Inc | 184 Summer St, Somerville, MA 02143-2525 | MA | 1974-07 | $647,530 |
| 9 | Agassiz Village Founded By Mr & Mrs Harry E Burroughs | 238 Bedford St Ste 8, Lexington, MA 02420-3436 | MA | 1957-02 | $1,061,822 |
| 10 | Agawam Cemetery Association Inc | 21 Warren St, Agawam, MA 01001-3325 | MA | 1956-05 | $153,636 |
| 11 | Agawam Center Library Association | 31 Court St, Westfield, MA 01085-3502 | MA | 1948-02 | $121,098 |
| 12 | Agawam Historical Association Inc | 60 Parker Street, Agawam, MA 01001-2443 | MA | 1988-07 | $0 |
| 13 | Agawam Soccer Association Inc | PO BOX 442, Feeding Hills, MA 01030-0442 | MA | 1983-06 | $142,638 |
| 14 | Agawam-Ipswich Youth Hockey Association | PO BOX 522, Wenham, MA 01984-0922 | MA | 1994-05 | $230,491 |
| 15 | Age Center Of Worcester Area Inc | 370 Main St, Worcester, MA 01608-1723 | MA | 1964-01 | $3,437,082 |
| 16 | Agganis Foundation Inc | 2 Arthur Ave, Marblehead, MA 01945-1108 | MA | 2005-01 | $735,583 |
| 17 | Health And Human Services Charities Of America Inc | 125 Washington St Ste 201, Salem, MA 01970-3536 | MA | 2006-11 | $160,349 |
| 18 | Agudas Achim Development Corporation | Bryant Terrace 62 Willow St, Malden, MA 02148 | MA | 1965-06 | $1,105,459 |
| 19 | Ahepa 39 Inc, Ahepa 39 Apartments | 40 Buttonwood Ave, Haverhill, MA 01830-6498 | MA | 1993-07 | $406,266 |
| 20 | Ahepa Charitable And Educational Corporation | 162 Goddard Ave, Brookline, MA 02445-7414 | MA | 1981-10 | $113,386 |
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