Bert H King Foundation Inc in Natick, Massachusetts (MA)
Table of contents:
Bert H King Foundation Inc | |
Employer Identification Number (EIN) | 043307917 |
Name of Organization | Bert H King Foundation Inc |
Address | 10 Front St, Natick, MA 01760-6019 |
Activities | Scholarships (other) |
Subsection | Educational Organization |
Ruling Date | 11/1997 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $100,000 to $499,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $195,698 |
Amount of Income | $89,879 |
Form 990 Revenue Amount | $63,787 |
National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $89,879 (it was $226,277 in 2012)
Bert H King Foundation Inc: | $89,879 |
Other organizations performing similar types of work: | $72,336 |
Assets in 2013: $195,698 (it was $227,535 in 2012)
Bert H King Foundation Inc: | $195,698 |
Other organizations performing similar types of work: | $239,394 |
Expenses in 2013: $95,624
Bert H King Foundation Inc: | $95,624 |
Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2013: 0.9
This organization: | 0.9 |
Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 93.6%
Bert H King Foundation Inc: | 93.6% |
Other organizations performing similar types of work: | 0.1% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $26,900 | $63,787 | |
Contributions, gifts, grants, and similar amounts received | $4,550 | $59,717 | |
Program service revenue including government fees and contracts | $0 | $0 | |
Membership dues and assessments | $0 | $0 | |
Investment income | $3,796 | $2,005 | |
Gain/Loss from sale of assets other than inventory | $18,554 | $2,065 | |
Gross amount from sale of assets other than inventory | $75,691 | $28,157 | |
Less: cost or other basis and sales expenses | $57,137 | $26,092 | |
Net income/loss from gaming and fundraising events | $0 | $-14,722 | $0 |
Gross profit/loss from sales of inventory | $0 | $0 | |
Other revenue | $0 | $0 | |
Total expenses | $173,585 | $95,624 | |
Total net assets | $180,892 | $195,698 | |
Excess/Deficit for the year | $-146,685 | $-31,837 | |
Net assets or fund balances at beginning of year | $327,577 | $227,535 | |
Other changes in net assets or fund balances | $0 | $0 | |
Net assets or fund balances at end of year | $195,698 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $180,892 | $227,535 | $195,698 |
Total liabilities | $0 | $0 | $0 |
Net assets or fund balances | $180,892 | $195,698 |
Other Information | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
Were any significant changes made to the organizing or governing documents? | No | ||
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | |
Has the organization filed a Form 990-T for the year? | No | No | |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
Amount of political expenditures, direct or indirect | $0 | ||
Did the organization file Form 1120-POL for this year? | No | ||
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | ||
Total amount involved | $0 | ||
Initiation fees and capital contributions | $0 | $0 | |
Gross receipts for public use of club facilities | $0 | $0 | |
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | ||
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
Reason for Public Charity Status (for 2013) | |
The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public Support | $245,656 |
Subtotal Support | $531,903 |
Gifts, grants, contributions, and membership fees received | $531,903 |
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $286,247 |
Total Support | $546,769 |
Public Support | $531,903 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $14,866 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income. Do not include gain or loss from the sale of capital assets | $0 |
Gross receipts from related activities, etc. | $44,050 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
2 | Supreme Council Education And Charity Fund | 33 Marrett Rd, Lexington, MA 02421-5703 | MA | 1955-12 | $10,306,163 |
3 | The Cape Cod Community College Educational Foundation Inc | 2240 Iyannough Rd, W Barnstable, MA 02668-1532 | MA | 1983-11 | $4,518,800 |
4 | Trustees Of Fall River High School Alumni Scholarships | PO BOX 2519, Fall River, MA 02722-2519 | MA | 1934-10 | $3,412,983 |
5 | The Scholarship Association Of Falmouth Inc | PO BOX 369, Falmouth, MA 02541-0369 | MA | 1982-02 | $2,755,445 |
6 | Turning Leaf Foundation Inc | 190 North Main Street, Natick, MA 01760-2057 | MA | 1998-01 | $2,316,600 |
7 | Winchester Scholarship Foundation | PO BOX 174, Winchester, MA 01890-0274 | MA | 1947-08 | $577,989 |
8 | Someone Elses Child | C/O Diane E Christian 33 Atlantic, Marblehead, MA 01945 | MA | 1998-09 | $500,048 |
9 | Wise Fund For The Fine Arts | PO BOX 5000, Amherst, MA 01002-5000 | MA | 1993-08 | $166,649 |
10 | Yale Scholarship Trust Of Boston | 15 Driftwood Rd, Marblehead, MA 01945-1250 | MA | 1951-11 | $126,593 |
11 | Scholarship Fund Of Worcester District Medical Society | 321 Main St, Worcester, MA 01608-1532 | MA | 1997-08 | $109,081 |
12 | Tom Giddings Memorial Scholarship Fund Inc | C/O Marcia Ogara 21 Nottingham Dr, Pittsfield, MA 01201 | MA | 1992-10 | $93,405 |
13 | Rotary District 7910 Charity Fund Inc | 313 Willard St, Dracut, MA 01826-5039 | MA | 1992-07 | $72,235 |
14 | Larry Fournier Memorial Scholarship Fund | PO BOX 292, Merrimac, MA 01860-0292 | MA | 1998-01 | $67,275 |
15 | Weymouth Educational Foundation Inc | C/O Wf Garvey 33 Union Street No 13, Weymouth, MA 02190 | MA | 1998-04 | $53,291 |
16 | Sippican Womans Club | PO BOX 121, Marion, MA 02738-0003 | MA | 1997-09 | $51,810 |
17 | Wellesley Hills Womans Club Scholarship Trust | PO BOX 81040, Wellesley Hls, MA 02481-0013 | MA | 1958-10 | $50,710 |
18 | National Association Of Italian American Police Officers Inc | 35 Center St, Burlington, MA 01803-3054 | MA | 1992-01 | $42,739 |
19 | T Dustin Alward Memorial Fund | PO BOX 278, Randolph, MA 02368-0278 | MA | 1990-05 | $26,045 |
20 | Saul B And Naomi R Cohen Foundation Inc | 87 Hammond St, Chestnut Hill, MA 02467-1132 | MA | 1998-06 | $2,500 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,412 |
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