Cape Cod Five Cents Savings Bank Charitable Foundation Tr in Orleans, 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
- Organizations performing similar types of work
Cape Cod Five Cents Savings Bank Charitable Foundation Tr | |
Employer Identification Number (EIN) | 043423249 |
Name of Organization | Cape Cod Five Cents Savings Bank Charitable Foundation Tr |
In Care of Name | Ronald E Reed |
Address | PO BOX 10, Orleans, MA 02653-0010 |
Activities | Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 06/1998 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Trust |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $10,000,000 to $49,999,999 |
Income | $1,000,000 to $4,999,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $13,570,377 |
Amount of Income | $2,295,352 |
Form 990 Revenue Amount | $349,418 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $2,295,352 (it was $4,958,245 in 2012)
Cape Cod Five Cents Savings Bank Charitable Foundation Tr: | $2,295,352 |
Other organizations performing similar types of work: | $120,021 |
Assets in 2013: $13,570,377 (it was $12,126,003 in 2012)
This organization: | $13,570,377 |
Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $646,030
This organization: | $646,030 |
Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 3.6
Cape Cod Five Cents Savings Bank Charitable Foundation Tr: | 3.6 |
Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 74.2%
Cape Cod Five Cents Savings Bank Charitable Foundation Tr: | 74.2% |
Other organizations performing similar types of work: | 0.0% |
Revenue for 2012
Contributions, gifts, grants, etc. (74%)
Interest on savings and temporary cash investments (0%)
Dividends and interest from securities (17%)
Other (9%)
Expenses for 2012
Contributions, gifts, grants paid (89%)
Operating and administrative expenses (11%)
Assets for 2012
Investments-corporate stock (47%)
Cash - non-interest-bearing (1%)
Investments-other (29%)
Other (8%)
Investments-corporate bonds (15%)
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 | $1,529,032 | $394,032 | $0 | |
Contributions, gifts, grants, etc., received | $1,135,000 | |||
Interest on savings and temporary cash investments | $506 | |||
Dividends and interest from securities | $260,615 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $132,911 | |||
Total expenses and disbursements | $646,030 | $50,765 | $0 | $588,903 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $71,030 | $50,765 | $13,903 | |
Contributions, gifts, grants paid | $575,000 | |||
Excess of revenue over expenses and disbursements | $883,002 | |||
Net investment income | $343,267 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $12,126,003 | $12,126,003 |
Cash - non-interest-bearing | $97,090 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $5,708,692 | |
Investments-corporate bonds | $1,795,689 | |
Investments-mortgage loans | $0 | |
Investments-other | $3,559,328 | |
Other | $965,204 | |
Total liabilities | $39,911 | |
Mortgages and other notes payable | $0 | |
Other | $39,911 | |
Total liabilities and net assets/fund balances | $12,086,092 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $132,911 |
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 | $6,865 |
Total credits and payments | $5,400 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,400 |
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 | $1,465 |
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? | Yes |
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 | $11,334,731 |
Net value of noncharitable-use assets | $11,164,720 |
Minimum investment return | $558,236 |
Distributable Amount (for 2012) | |
Distributable amount | $551,371 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $551,371 |
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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Organizations performing similar types of work | |||||
Id ↑ | Name | Address | State | Established | Total Income |
1 | Twenty Plus Foundation Inc | 314 Commonwealth Ave Unit 2, Boston, MA 02115-2140 | MA | 1998-01 | $15,022,560 |
2 | The Poss Family Foundation | 450 Warren St, Brookline, MA 02445-5907 | MA | 1998-04 | $3,468,602 |
3 | The Bressler Family Foundation, Bressler Karen Ttee | 776 Boylston St Unit E10d, Boston, MA 02199-7847 | MA | 1997-07 | $2,530,888 |
4 | Wilson Caruso Charitable Foundation, Caruso Judith & R & P Wilson Ttees | 315 Clapboardtree St, Westwood, MA 02090-2907 | MA | 1998-04 | $1,515,184 |
5 | The Elizabeth T Fessenden Charitable Foundation | 100 High St Ste 1000, Boston, MA 02110-2318 | MA | 1996-05 | $1,092,635 |
6 | Salem Five Charitable Foundation Inc | 210 Essex St, Salem, MA 01970-3705 | MA | 1997-06 | $684,361 |
7 | Seamens Longpoint Charitable Foundation Inc | 350 Route 6, North Truro, MA 02652 | MA | 1997-09 | $426,860 |
8 | William E & Janet Burrows James Foundation Tr, James William E & Janet B Ttees | 160 Federal St, Boston, MA 02110-1700 | MA | 1998-12 | $208,029 |
9 | The@roger And Myrna Landay Charitable Foundation | PO BOX 140, Mansfield, MA 02048-0140 | MA | 1998-01 | $152,257 |
10 | Arthur Griffin Foundation For Winchester, Peter Segerstrom Ttee | C/O Helen Babcock 5 Myrtle Street, Winchester, MA 01890 | MA | 1998-06 | $108,688 |
11 | Russell And Richardson Family Foundation Inc | PO BOX 51400, Boston, MA 02205-1400 | MA | 1997-10 | $52,773 |
12 | The Moses And Minna G Alpers 1990 Charitable Trust, Paula M Bianchi Ttee | 16 Birch Rd 01984, Wenham, MA 01984-1902 | MA | 1995-02 | $19,831 |
13 | The Patriot Foundation | 1330 Boylston St Ste 510, Chestnut Hill, MA 02467-2111 | MA | 1998-06 | $18,753 |
14 | The@ray And Karyn Hendrickson Foundation, Hendrickson Ray E Ttee | 300 Crown Colony Dr Ste 400, Quincy, MA 02169-0904 | MA | 1998-03 | $17,010 |
15 | Susan & Lawrence Bailis Family Foundation | 133 Brattle St, Cambridge, MA 02138-2201 | MA | 1997-10 | $7,970 |
16 | Richard E Griffin Family Foundation Inc | 101 Federal St Ste 650, Boston, MA 02110-1817 | MA | 1997-06 | $2,500 |
17 | Westborough Savings Charitable Foundation Inc | 42 Main St, Hudson, MA 01749-2123 | MA | 1997-09 | $1,689 |
18 | American Foundation For The Disabled Of Chernobyl Inc | 17 Aspinwall Ave Apt 2, Brookline, MA 02446-6440 | MA | 1998-08 | $0 |
19 | City Of Presidents Fund Inc | 100 Southern Artery, Quincy, MA 02170-3835 | MA | 1990-10 | $0 |
20 | Emmanuel Evangelical Church Inc | 22 Park Ter, Everett, MA 02149-2516 | MA | 1995-05 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 2,744 |
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