Alan D & Susan Lewis Solomont Family Foundation 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
- Other organizations in Massachusetts
| Alan D & Susan Lewis Solomont Family Foundation | |
| Employer Identification Number (EIN) | 043388562 |
| Name of Organization | Alan D & Susan Lewis Solomont Family Foundation |
| In Care of Name | Rinet Co |
| Address | 101 Federal St Fl 14, Boston, MA 02110-1859 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $851,395 |
| Amount of Income | $433,622 |
| Form 990 Revenue Amount | $30,198 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising Organizations That Cross Categories |
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 | $623,532 | $19,892 | $0 | |
| Contributions, gifts, grants, etc., received | $603,640 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,242 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $280 | |||
| Other | $18,370 | |||
| Total expenses and disbursements | $63,099 | $3,799 | $0 | $59,300 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,799 | $3,799 | $0 | |
| Contributions, gifts, grants paid | $59,300 | |||
| Excess of revenue over expenses and disbursements | $560,433 | |||
| Net investment income | $16,093 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $981,597 | $831,697 |
| Cash - non-interest-bearing | $7,612 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $370,593 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $232,059 | |
| Other | $371,333 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $981,597 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $18,370 |
| 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 | $322 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $322 |
| 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 | $277,574 |
| Net value of noncharitable-use assets | $273,420 |
| Minimum investment return | $13,671 |
| Distributable Amount (for 2012) | |
| Distributable amount | $13,349 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $13,349 |
| 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 | Airport Impact Relief Inc | 232 Orient Avenue, East Boston, MA 02128 | MA | 1994-06 | $640 |
| 2 | Akamai Foundation Inc | 8 Cambridge Center, Cambridge, MA 02142-1413 | MA | 2002-03 | $477,022 |
| 3 | Akshaya Patra Foundation Usa | 92 Montvale Ave Ste 2500, Stoneham, MA 02180-3631 | MA | 2004-06 | $3,040,095 |
| 4 | Al-Amin Inc, Islamic Center Of Rindge Ave | 458 Moody St, Waltham, MA 02453-0415 | MA | 2000-11 | $36,585 |
| 5 | Al-Anon Family Groups Of Mass Inc | 57 E Main St Ste 109, Westborough, MA 01581-1457 | MA | 1984-01 | $307,670 |
| 6 | Al-Hamra Academy Inc | 435 South St, Shrewsbury, MA 01545-4805 | MA | 1994-09 | $0 |
| 7 | Al-Huda Society | 60 Willow St, Chelsea, MA 02150-3512 | MA | 2004-05 | $542,670 |
| 8 | Al-Sadiq Islamic Center Inc | 75 William St, Worcester, MA 01609-2136 | MA | 2008-04 | $0 |
| 9 | Aladd Foundation Inc | 302 Plain St, Bridgewater, MA 02324-1993 | MA | 2000-05 | $6 |
| 10 | Alan Couto Memorial Scholarship Fund | 27 Anthony St, Berkley, MA 02779-1601 | MA | 2000-05 | $1,592 |
| 11 | Alan D & Susan Lewis Solomont Family Foundation | 101 Federal St Fl 14, Boston, MA 02110-1859 | MA | 1997-10 | $433,622 |
| 12 | Alan D And Judith Tobin Charitable Foundation | 99-40 Florence St, Chestnut Hill, MA 02467-1928 | MA | 1970-05 | $24,557 |
| 13 | Alan K And Isabelle Derkazarian Foundation | 51 Marsh St, Belmont, MA 02478-2139 | MA | 2006-05 | $39,789 |
| 14 | Alan Thayer Mudge Memorial Fund Inc | C/O Dr Gilbert H Mudge, Boston, MA 02115 | MA | 1993-10 | $19,155 |
| 15 | Alano Club Of Springfield Inc | PO BOX 510, Agawam, MA 01001-0510 | MA | 1972-01 | $11,215 |
| 16 | Alawasakema Realty Foundation Inc | 1041 Main Rd, Westport, MA 02790-4412 | MA | 1993-09 | $16,151 |
| 17 | Albert & Amelia Ferst Operating Foundation, Ferst Albert Ttee | 21 S Broad St, Westfield, MA 01085-4409 | MA | 1999-01 | $1,406,327 |
| 18 | Albert And Judith Goldberg Foundation | C/O 180 Pleasant St Llc 209 W, Natick, MA 01760 | MA | 1996-03 | $304,199 |
| 19 | Albert E Marks Charitable Trust, Judith N Kass Ttee | 112 Center Street No 3v, Brookline, MA 02446 | MA | 1980-12 | $1,286,212 |
| 20 | Albert Einstein Institution Inc | PO BOX 455, East Boston, MA 02128-0005 | MA | 1984-04 | $441,145 |
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