Bradley C Higgins Foundation in Worchester, 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
| Bradley C Higgins Foundation | |
| Employer Identification Number (EIN) | 046027026 |
| Name of Organization | Bradley C Higgins Foundation |
| In Care of Name | Sumner B Tilton Jr |
| Address | 370 Main St 12th Flr, Worchester, MA 01608-1723 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 01/1964 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $789,239 |
| Amount of Income | $88,974 |
| Form 990 Revenue Amount | $-45,113 |
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 | $41,394 | $55,314 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $11 | |||
| Dividends and interest from securities | $55,303 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $87,905 | $11,490 | $0 | $67,889 |
| Compensation of officers, directors, trustees, etc. | $6,000 | |||
| Total operating and administrative expenses | $30,105 | $11,490 | $10,089 | |
| Contributions, gifts, grants paid | $57,800 | |||
| Excess of revenue over expenses and disbursements | $-46,511 | |||
| Net investment income | $43,824 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $872,902 | $1,696,839 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $732,842 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $75,183 | |
| Other | $64,877 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $872,902 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-13,920 |
| 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 | $876 |
| Total credits and payments | $840 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $840 |
| 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 | $2 |
| Tax due | $38 |
| 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 | $1,715,715 |
| Net value of noncharitable-use assets | $1,689,980 |
| Minimum investment return | $84,499 |
| Distributable Amount (for 2012) | |
| Distributable amount | $83,623 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $83,623 |
| 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 | Boys And Girls Clubs Of Middlesex County Inc, Boys And Girls Clubs Of Medford And | 181 Washington St, Somerville, MA 02143-3106 | MA | 1971-03 | $1,829,426 |
| 2 | Boys Club Foundation Of Waltham | PO BOX 540351, Waltham, MA 02454-0351 | MA | 1954-10 | $65,909 |
| 3 | Boys & Girls Club Of Stoneham Inc | 15 Dale Ct, Stoneham, MA 02180-1813 | MA | 1969-07 | $1,289,722 |
| 4 | Bpsi Supporting Corp | 141 Herrick Rd, Newton Centre, MA 02459-2218 | MA | 1987-09 | $1,109,660 |
| 5 | Brackett After School Program Inc C/O Thea Galeno | C/O M Grossman 20 High Haith Rd, Arlington, MA 02476 | MA | 1979-09 | $380,309 |
| 6 | Brackett Elementary School Pto | 66 Eastern Avenue, Arlington, MA 02476 | MA | 2014-04 | $56,436 |
| 7 | Bradford And Dorothea Endicott Foundation, Loring Peter B Et Al Ttee | C/O Edelstein Co Llp 160 Federal St, Boston, MA 02110 | MA | 2003-01 | $173,259 |
| 8 | Bradford Christian Academy Incorporated | 97 Oxford Ave, Bradford, MA 01835-8340 | MA | 2004-06 | $1,826,493 |
| 9 | Bradford College Alumni Association Inc | 145 S Bradford St, North Andover, MA 01845-1329 | MA | 2001-02 | $32,976 |
| 10 | Bradford Ski Team Inc | PO BOX 8111, Ward Hill, MA 01835-0611 | MA | 2007-03 | $48,663 |
| 11 | Bradley C Higgins Foundation | 370 Main St 12th Flr, Worchester, MA 01608-1723 | MA | 1964-01 | $88,974 |
| 12 | Bradley Family Foundation | 61 Fox Hill Rd, Wellesley, MA 02481-2851 | MA | 2002-03 | $195,986 |
| 13 | Bradstreet Community Housing Corporation | 301 Broadway, Chelsea, MA 02150-2807 | MA | 1999-09 | $32,303 |
| 14 | Brady Family Foundation | 71 Eastern Point Blvd, Gloucester, MA 01930-4433 | MA | 1994-08 | $-1,436 |
| 15 | Brain Aneurysm Foundation Incorporated | 269 Hanover St, Hanover, MA 02339-2245 | MA | 1995-03 | $1,050,319 |
| 16 | Brain Aneurysm Research Tr Corporation | 1 Schooner Way, Marshfield, MA 02050 | MA | 2007-06 | $0 |
| 17 | Brain Injury Association Of Massachusetts Inc | 30 Lyman St, Westborough, MA 01581-1403 | MA | 1982-08 | $1,850,971 |
| 18 | Brain Science Foundation, Giner A Silvana Ttee | 148 Linden St Ste 303, Wellesley, MA 02482-7970 | MA | 2001-10 | $164 |
| 19 | Brainshift Foundation | 200 Boston Avenue Suite 2540, Medford, MA 02155 | MA | 2015-04 | $101,517 |
| 20 | Braintree After School Enrichment Inc B A S E | 426 Pond St, Braintree, MA 02184-6827 | MA | 1986-04 | $2,103,707 |
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