Clark Charitable Trust in Lincoln, 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
| Clark Charitable Trust | |
| Employer Identification Number (EIN) | 046037650 |
| Name of Organization | Clark Charitable Trust |
| In Care of Name | Tim A Taylor |
| Address | PO BOX 631, Lincoln, MA 01773-0631 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1971 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,416,810 |
| Amount of Income | $745,038 |
| Form 990 Revenue Amount | $847,655 |
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 | $182,969 | $182,969 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $498 | |||
| Dividends and interest from securities | $21,799 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $160,672 | |||
| Total expenses and disbursements | $205,961 | $0 | $0 | $181,000 |
| Compensation of officers, directors, trustees, etc. | $55,000 | |||
| Total operating and administrative expenses | $79,961 | $0 | $55,000 | |
| Contributions, gifts, grants paid | $126,000 | |||
| Excess of revenue over expenses and disbursements | $-22,992 | |||
| Net investment income | $182,969 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,395,358 | $3,007,830 |
| Cash - non-interest-bearing | $36,290 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,884,220 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $294,241 | |
| Other | $180,607 | |
| Total liabilities | $1,869 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,869 | |
| Total liabilities and net assets/fund balances | $2,393,489 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $160,672 |
| 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 | $1,830 |
| Total credits and payments | $9,900 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $9,900 |
| 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 | $22 |
| Tax due | $0 |
| Overpayment | $8,048 |
| Amount to be credited to 2013 estimated tax | $8,048 |
| 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 | $3,030,128 |
| Net value of noncharitable-use assets | $2,984,680 |
| Minimum investment return | $149,234 |
| Distributable Amount (for 2012) | |
| Distributable amount | $147,404 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $147,404 |
| 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 | Clan Munro Association Usa Inc | C/O Fred Hoffman 324 Crafts Street, Newtonville, MA 02460 | MA | 1992-03 | $46,676 |
| 2 | Clan Sutherland Foundation Ltd | 15 Pearl St, Natick, MA 01760-4813 | MA | 1986-02 | $4,561 |
| 3 | Clapboardtree Nursery School Inc | 340 Clapboardtree St, Westwood, MA 02090-2908 | MA | 1980-09 | $188,359 |
| 4 | Clapp Memorial Library Inc | 19 S Main St, Belchertown, MA 01007-9401 | MA | 1972-05 | $47,831 |
| 5 | Clara B Winthrop Trust Article Six Of The Deed Dated 12-16-61 | 45 School St Fl 5, Boston, MA 02108-3207 | MA | 1974-12 | $374,077 |
| 6 | Clara Foundation Inc | PO BOX 109, Siasconset, MA 02564-0109 | MA | 2004-09 | $1 |
| 7 | Clara E Hudson Trsut Fbo Plainfield Congregational Church | 400 Main St, Greenfield, MA 01301-3305 | MA | $395,941 | |
| 8 | Clara Macy Pto | 60 Monique Dr, Bellingham, MA 02019-1054 | MA | 1993-07 | $82,033 |
| 9 | Clarendon Early Education Services Inc | 200 The Great Road No 258, Bedford, MA 01730-2719 | MA | 1978-11 | $9,769,043 |
| 10 | Clarendon Hill Towers Tenant Association Inc | 1374 Broadway Apt 1b, Somerville, MA 02144-1767 | MA | 1990-10 | $109,545 |
| 11 | Clark Charitable Trust | PO BOX 631, Lincoln, MA 01773-0631 | MA | 1971-08 | $745,038 |
| 12 | Clark Chatterton Memorial Fund | PO BOX 652, Cohasset, MA 02025-0652 | MA | 2002-05 | $20,615 |
| 13 | Clark School For Creative Learning Inc | 487 Locust St, Danvers, MA 01923-1252 | MA | $2,108,461 | |
| 14 | Clarke School For The Deaf | 45 Round Hill Rd, Northampton, MA 01060-2123 | MA | 1938-04 | $23,487,495 |
| 15 | Clarks Companies Employee Assistance Fund | 156 Oak St, Newton U F, MA 02464-1440 | MA | 2007-06 | $13,623 |
| 16 | Clarks Companies Foundation | 156 Oak St, Newton U F, MA 02464-1440 | MA | 2006-06 | $230,774 |
| 17 | Class Action Network Inc, Class Action | 30 Germania St Building L, Jamaica Plain, MA 02130-2315 | MA | 2005-03 | $146,247 |
| 18 | Classics For Kids Foundation | PO BOX 5977, Holliston, MA 01746-5977 | MA | 1998-07 | $452,975 |
| 19 | Claudia Baer Charitable Trust | 26 Spruce Hill Rd, Weston, MA 02493-2134 | MA | 1967-05 | $418 |
| 20 | Clean Air Communities Inc | 89 South St Ste 602, Boston, MA 02111-2674 | MA | 2001-04 | $4,558 |
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