Beard Family Charitable Trust in Wayland, 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
| Beard Family Charitable Trust | |
| Employer Identification Number (EIN) | 046133161 |
| Name of Organization | Beard Family Charitable Trust |
| In Care of Name | John E Beard Ttee |
| Address | 194 Glezen Ln, Wayland, MA 01778-1511 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1966 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,749,234 |
| Amount of Income | $49,059 |
| Form 990 Revenue Amount | $38,159 |
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 | $45,018 | $44,018 | $44,018 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $44,018 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1,000 | |||
| Total expenses and disbursements | $89,548 | $4,836 | $0 | $84,712 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,836 | $4,836 | $0 | |
| Contributions, gifts, grants paid | $84,712 | |||
| Excess of revenue over expenses and disbursements | $-44,530 | |||
| Net investment income | $39,182 | |||
| Adjusted net income | $44,018 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,806,255 | $2,319,972 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,185,317 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $620,938 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,806,255 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $784 |
| Total credits and payments | $1,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,000 |
| 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 | $216 |
| Amount to be credited to 2013 estimated tax | $216 |
| 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 | $2,326,000 |
| Net value of noncharitable-use assets | $2,291,120 |
| Minimum investment return | $114,556 |
| Distributable Amount (for 2012) | |
| Distributable amount | $113,772 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $113,772 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $102,197 |
| 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 | Beacon Hill Village Inc | 74 Joy Street, Boston, MA 02114-4055 | MA | 2001-12 | $663,445 |
| 2 | Beacon Leadership Foundation Inc, Beacon Foundation | PO BOX 112, Boston, MA 02133-0112 | MA | 2007-05 | $8,100 |
| 3 | Beacon Of Hope Community Services Inc | PO BOX 426, Leominster, MA 01453-0426 | MA | 2006-03 | $101,767 |
| 4 | Beadesigner International | 148 Leicester St, Auburn, MA 01501-1420 | MA | 1990-06 | $14,379 |
| 5 | Beagles Of New England States Inc | 32 Summer St, Tyngsboro, MA 01879-1306 | MA | 2003-10 | $98,516 |
| 6 | Beal Pto | 1 Maple St, Shrewsbury, MA 01545 | MA | 2006-05 | $0 |
| 7 | Beaman Foundation | 160 Federal St Fl 15, Boston, MA 02110-1700 | MA | 1961-07 | $112,393 |
| 8 | Bear Hill Associates Inc | 2 North St, Stoneham, MA 02180-1041 | MA | 1990-09 | $171,267 |
| 9 | Bear Spot Foundation For Equine Facilitated Psychotherapy Inc | 276 Pope Rd, Concord, MA 01742-5229 | MA | 2004-10 | $134,297 |
| 10 | Bearcroft Swim Club Inc | PO BOX 935, Attleboro, MA 02703-0016 | MA | 1993-02 | $134,559 |
| 11 | Beard Family Charitable Trust | 194 Glezen Ln, Wayland, MA 01778-1511 | MA | 1966-04 | $49,059 |
| 12 | Beaver Lake Club Corporation | PO BOX 253, Ware, MA 01082-0253 | MA | 1984-11 | $58,197 |
| 13 | Beaverbrook Step Inc | 85 Main Street 2nd Floor, Watertown, MA 02472-4411 | MA | 1974-02 | $12,571,429 |
| 14 | Becket Arts Center Of The Hilltowns | 7 Brooker Hill Rd, Becket, MA 01223-9523 | MA | 1971-11 | $69,605 |
| 15 | Becket Athenaeum Inc | 3367 Main St, Becket, MA 01223-9638 | MA | 2001-03 | $288,349 |
| 16 | Becket Land Trust Inc | PO BOX 44, Becket, MA 01223-0044 | MA | 1992-09 | $3,597 |
| 17 | Bedell Holmes Harned Trust Fund | 99 High St Fl 10, Boston, MA 02110-2349 | MA | 1985-07 | $1,556,787 |
| 18 | Bedford Babe Ruth Baseball Inc | PO BOX 136, Bedford, MA 01730-0136 | MA | 1987-09 | $82,902 |
| 19 | Bedford Center For The Arts Inc | P O Box 404, Bedford, MA 01730 | MA | 2001-02 | $0 |
| 20 | Bedford Chamber Of Commerce Inc | 12 Mudge Way, Bedford, MA 01730-2147 | MA | 1993-08 | $57,963 |
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