American Optical Foundation, Bank Of America Na in Southbridge, 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
| American Optical Foundation, Bank Of America Na | |
| Employer Identification Number (EIN) | 046028058 |
| Name of Organization | American Optical Foundation |
| Secondary Name | Bank Of America Na |
| Address | 100 Mechanic St Bldg 80, Southbridge, MA 01550-2555 |
| Activities | Other school related activities, Gifts, grants, or loans to other organizations, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 05/1959 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,362,063 |
| Amount of Income | $190,513 |
| Form 990 Revenue Amount | $18,848 |
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 | $22,141 | $22,062 | $17,905 | |
| Contributions, gifts, grants, etc., received | $79 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $17,905 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $4,157 | |||
| Total expenses and disbursements | $89,673 | $13,118 | $13,118 | $76,555 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $73,118 | $13,118 | $0 | |
| Contributions, gifts, grants paid | $76,555 | |||
| Excess of revenue over expenses and disbursements | $-67,532 | |||
| Net investment income | $8,944 | |||
| Adjusted net income | $4,787 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,190,287 | $1,190,287 |
| Cash - non-interest-bearing | $41,341 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,146,812 | |
| Other | $2,134 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,190,287 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $4,157 |
| 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 | $179 |
| Total credits and payments | $2 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2 |
| 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 | $177 |
| 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 | $1,156,005 |
| Net value of noncharitable-use assets | $1,138,660 |
| Minimum investment return | $56,933 |
| Distributable Amount (for 2012) | |
| Distributable amount | $56,754 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $56,754 |
| 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 | American London Symphony Orchestra Foundation, David J Chavolla Trustee | 303 Congress St, Boston, MA 02210-1012 | MA | 1970-04 | $10,210 |
| 2 | Massachusetts Lung Health Inc | 460 Totten Pond Rd Ste 400, Waltham, MA 02451-1942 | MA | 1943-12 | $308,378 |
| 3 | American Macular Degeneration Foundation Inc | PO BOX 515, Northampton, MA 01061-0515 | MA | 1996-08 | $1,500,636 |
| 4 | American Marketing Association Inc, Boston Chapter | 411 Waverly Oaks Road No 331b, Waltham, MA 02452-8448 | MA | 1992-07 | $78,541 |
| 5 | American Medical Resources Foundation Inc | 46 N Montello St, Brockton, MA 02301-3915 | MA | 1989-01 | $195,688 |
| 6 | American Medical Response Foundation Of Massachusetts | 4 Tech Cir, Natick, MA 01760-1029 | MA | 1996-06 | $1 |
| 7 | American Memorial Hospital Inc | PO BOX 55806, Boston, MA 02205-5806 | MA | 1950-03 | $5,579,817 |
| 8 | American Model Yachting Assn | 26 B Vine St, Gloucester, MA 01930-1759 | MA | 1977-09 | $79,522 |
| 9 | American Museum Of Antique Toys Inc | 35 Stoney Brook Rd, Gt Barrington, MA 01230-2100 | MA | 1978-07 | $2,351 |
| 10 | American Opinion Foundation Inc | 41 Spring St, Wakefield, MA 01880-4053 | MA | 2006-08 | $1,280,701 |
| 11 | American Optical Foundation, Bank Of America Na | 100 Mechanic St Bldg 80, Southbridge, MA 01550-2555 | MA | 1959-05 | $190,513 |
| 12 | American Pennies For Hunger Inc | PO BOX 6272, Plymouth, MA 02362-6272 | MA | 2008-08 | $17,956 |
| 13 | American Physicians Fellowship For Medicine In Israel | 2001 Beacon St Ste 210, Boston, MA 02135-7787 | MA | 1953-06 | $354,251 |
| 14 | American Postal Workers Union, 100 Boston Metro Area Local | 137 South St, Baston, MA 02111-2848 | MA | 1973-11 | $722,155 |
| 15 | American Postal Workers Union, 366 Ne Massachusetts Area Local | 2500 Main St Ste 202, Tewksbury, MA 01876-3185 | MA | 1973-11 | $218,900 |
| 16 | American Postal Workers Union, 3844 South Shore Area Local | PO BOX 1455, Brockton, MA 02303-1455 | MA | 1973-11 | $198,341 |
| 17 | American Postal Workers Union, 4553 Central Mass Area Local | 326 Plantation St, Worcester, MA 01604-1749 | MA | 1973-11 | $271,798 |
| 18 | American Postal Workers Union, 497 Springfield Mass Area Local | 1124 Berkshire Ave, Springfield, MA 01151-1316 | MA | 1973-11 | $279,239 |
| 19 | American Postal Workers Union, 6005 Cape Cod Area Local | 25 Tobey Road, Wareham, MA 02571-1098 | MA | 1973-11 | $27,738 |
| 20 | American Postal Workers Union, 3451 Pittsfield Area Local | PO BOX 1482, Pittsfield, MA 01202-1482 | MA | 1973-11 | $15,305 |
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