Bert & Natalie Vallee Charitable Tr 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
| Bert & Natalie Vallee Charitable Tr | |
| Employer Identification Number (EIN) | 046749230 |
| Name of Organization | Bert & Natalie Vallee Charitable Tr |
| In Care of Name | Rackeman Sawyer & Brewster |
| Address | C/O Rackemann 160 Federal Street, Boston, MA 02110 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1994 |
| 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 | $892,232 |
| Amount of Income | $185,467 |
| Form 990 Revenue Amount | $48,101 |
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 | $100,088 | $100,088 | $27,810 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $14 | |||
| Dividends and interest from securities | $27,796 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $72,278 | |||
| Total expenses and disbursements | $41,588 | $6,540 | $0 | $35,048 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $14,588 | $6,540 | $8,048 | |
| Contributions, gifts, grants paid | $27,000 | |||
| Excess of revenue over expenses and disbursements | $58,500 | |||
| Net investment income | $93,548 | |||
| Adjusted net income | $27,810 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $826,563 | $1,169,726 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $764,603 | |
| Other | $61,960 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $826,563 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $72,278 |
| 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 | $935 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $19 |
| Tax due | $954 |
| 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 | $1,157,006 |
| Net value of noncharitable-use assets | $1,139,660 |
| Minimum investment return | $56,983 |
| Distributable Amount (for 2012) | |
| Distributable amount | $56,048 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $56,048 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $45,980 |
| 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 | Bernard And Nita Trugman Charitable Trust | C/O Grkb 306 Main Street No 400, Worcester, MA 01615 | MA | 2004-07 | $134,581 |
| 2 | Bernard Chiu Charitable Foundation | 745 Boylston St Lbby 3, Boston, MA 02116-2667 | MA | 1998-02 | $157 |
| 3 | Bernard J Holmberg Trust Uw 1 6499 0 | 1315 Highland Ave, Needham, MA 02492-2615 | MA | 1972-08 | $6,288 |
| 4 | Bernardston-Northfield Community Television Inc | PO BOX 91, Northfield, MA 01360-0091 | MA | 2004-11 | $58,118 |
| 5 | Bernice B Godine Fam Foundation Tr, Daniel D Levenson Et Al Ttee | C/O Lourie Cutler Pc 60 State St, Boston, MA 02109 | MA | 2006-08 | $483,048 |
| 6 | Bernice Williamson Educational Foundation Inc | 42 Ridgecrest Road, Amherst, MA 01002 | MA | 2006-03 | $0 |
| 7 | Bernon Brothers Foundation, Bernon Alan J Ttee | 124 Grove St Ste 100, Franklin, MA 02038-3156 | MA | 1991-12 | $381,517 |
| 8 | Bernstein Childrens Foundation Inc | 6 Flagg Cir, Weston, MA 02493-1244 | MA | 2000-12 | $4,470 |
| 9 | The Giving Circle, Paolucci Diane Ttee | 65 Allerton St, Boston, MA 02119-2901 | MA | 2001-04 | $397,855 |
| 10 | Berrybrook School Inc | 267 Winter St, Duxbury, MA 02332-4655 | MA | 1967-05 | $782,784 |
| 11 | Bert & Natalie Vallee Charitable Tr | C/O Rackemann 160 Federal Street, Boston, MA 02110 | MA | 1994-03 | $185,467 |
| 12 | Bert And Betty Greene Memorial Fund C/O Mark L Saperstein | 31 Mossdale Rd, Jamaica Plain, MA 02130-3022 | MA | 1997-06 | $38,263 |
| 13 | Bert Constance & Sidney H Rabinowitz Family Foundation Inc | C/O Peck Associates Pc, Wellesley Hills, MA 02481 | MA | 1998-07 | $39,235 |
| 14 | Bert H King Foundation Inc | 10 Front St, Natick, MA 01760-6019 | MA | 1997-11 | $89,879 |
| 15 | Bert L & Natalie K Vallee Foundation Inc | 160 Federal St, Boston, MA 02110-1700 | MA | 1997-06 | $55,546,960 |
| 16 | Bert P & Mildred C Jenne Scholarship Fund, Stratevest Group | PO BOX 1330, Hyannis, MA 02601-1330 | MA | 2007-09 | $21,735 |
| 17 | Berthiaume Family Foundation Inc | 18 Buttonwood Dr, Andover, MA 01810-5880 | MA | 2004-08 | $29 |
| 18 | Bertocci Memorial Club Of Brockton Inc | 594 Montello St, Brockton, MA 02301-6073 | MA | 1976-07 | $261,289 |
| 19 | Bertolon Family Foundation Tr, Bertolon Henry Ttee | 80 City Sq, Boston, MA 02129-3742 | MA | 2000-08 | $386,144 |
| 20 | Bertram A Druker Charitable Foundation | 400 Atlantic Ave Ste 401, Boston, MA 02110-3331 | MA | 1982-04 | $3,656,866 |
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