Boston Baptist Social Union in Melrose, Massachusetts (MA)

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Boston Baptist Social Union
Employer Identification Number (EIN)046034977
Name of OrganizationBoston Baptist Social Union
In Care of NameThe Organization
Address179 Green St, Melrose, MA 02176-1922
ActivitiesEndowment fund or financial services
SubsectionReligious Organization
Ruling Date03/1935
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2014
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$19,398,731
Amount of Income$1,713,021
Form 990 Revenue Amount$196,788
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Fund Raising and/or Fund Distribution


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Amount of income in 2014: $1,713,021
This organization: 

 $1,713,021
Other organizations performing similar types of work: 

 $1,515,987

Assets in 2014: $19,398,731
Boston Baptist Social Union: 

 $19,398,731
Other organizations performing similar types of work: 

 $7,439,621

Expenses in 2012: $1,129,143
Boston Baptist Social Union: 

 $1,129,143
Other organizations performing similar types of work: 

 $854,871

Income to expenses ratio in 2012: 1.5
This organization: 

 1.5
Other organizations performing similar types of work: 

 1.5

Expenses allocated to program services in 2002: 87.8%
This organization: 

 87.8%
Other organizations performing similar types of work: 

 87.7%

Grants share in income in 2012: 0.0%
Boston Baptist Social Union: 

 0.0%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$756,162$778,569$12,750
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$41
Dividends and interest from securities$778,528
Gross rents$0
Gross profit from sales of goods$0
Other income$12,750
Total expenses and disbursements$1,129,143$1,219$12,750$782,074
Compensation of officers, directors, trustees, etc.$24,000
Total operating and administrative expenses$376,562$1,219$29,493
Contributions, gifts, grants paid$752,581
Excess of revenue over expenses and disbursements$-372,981
Net investment income$777,350
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$16,692,109$16,692,109
Cash - non-interest-bearing$9,191
Investments-U.S. and state government obligations$189,760
Investments-corporate stock$12,887,415
Investments-corporate bonds$2,117,535
Investments-mortgage loans$0
Investments-other$1,393,137
Other$95,071
Total liabilities$78,335
Mortgages and other notes payable$0
Other$78,335
Total liabilities and net assets/fund balances$16,613,774
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$-35,157
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$7,774
Total credits and payments$38,600
2012 estimated tax payments and 2011 overpayment credited to 2012$13,600
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$25,000
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$12
Tax due$0
Overpayment$30,814
Amount to be credited to 2013 estimated tax$8,000
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$16,207,933
Net value of noncharitable-use assets$15,964,820
Minimum investment return$798,241
Distributable Amount (for 2012)
Distributable amount$790,467
Undistributed Income (for 2012)
Distributable amount for 2012$790,467
Undistributed income for 2012. This amount must be distributed in 2013$327,361
Private Operating Foundations (for 2012)
2012201120102009Total
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
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$819,078$649,543$196,788
Contributions, gifts, grants, and similar amounts received$0$0$0
Contributions to donor advised funds
Direct public support$0$0$0
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$9,500$12,593$12,835
Interest on savings and temporary cash investments$1,738$1,452$911
Dividends and interest from securities$464,695$463,286$499,951
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$343,145$172,212$-316,909
Gross amount from sales of assets other than inventory$1,067,658$1,150,584$1,214,256
Less: cost or other basis and sales expenses$724,513$978,372$1,531,165
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$0$0$0
Total expenses$457,142$479,644$446,610
Program services$411,247$426,329$391,971
Management and general$45,895$53,315$54,639
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$16,195,794$15,802,517$12,636,858
Excess or (deficit) for the year$361,936$169,899$-249,822
Net assets or fund balances at beginning of year$16,771,550$16,195,794$15,802,517
Other changes in net assets or fund balances$-937,692$-563,176$-2,915,837
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$446,610$391,971$54,639$0
Grants paid from donor advised funds
Other grants and allocations$271,600
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$27,500$0$27,500$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$7,000$0$7,000$0
Legal fees$0$0$0$0
Supplies$5,056$0$5,056$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$1,800$0$1,800$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$4,175$0$4,175$0
Travel$0$0$0$0
Conferences, conventions, and meetings$123,248$120,371$2,877$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$6,231$0$6,231$0
Balance Sheets
200020012002
Total assets$16,210,419$15,805,217$12,639,558
Cash - non-interest-bearing$5,188$2,520$2,550
Savings and temporary cash investments$99,172$97,084$66,453
Accounts receivable less allowance for doubtful accounts$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Investments - publicly-traded securities
Investments - other securities$16,072,359$15,673,171$12,542,589
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0
Other assets, including program-related investments$33,700$32,442$27,966
Total liabilities$14,625$2,700$2,700
Accounts payable and accrued expenses$14,625$2,700$2,700
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$0$0$0
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$16,210,419$15,805,217$12,639,558
Total net assets or fund balances$16,195,794$15,802,517$12,636,858
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$819,078$649,543$196,788
Total revenue, gains, and other support per audited financial statements$819,078$649,543$196,788
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$457,142$479,644$446,610
Total expenses and losses per audited financial statements$1,394,834$1,042,820$3,362,447
Other revenue$937,692$563,176$2,915,837
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$937,692$563,176$2,915,837
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$183,953$12,835
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$12,835
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$911$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$499,951$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-316,909$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
199920002001
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alabama1
California6
Colorado3
Florida1
Georgia2
Idaho1
Illinois1
Louisiana1
Massachusetts2
Maryland1
Michigan2
Missouri2
Mississippi1
Montana1
New Mexico1
New York3
Ohio3
Oklahoma1
Texas6
Utah1
Virginia1
Vermont1
Washington1
Total43

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