Clementi Family Charitable Trust in Leominster, 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
| Clementi Family Charitable Trust | |
| Employer Identification Number (EIN) | 043105942 |
| Name of Organization | Clementi Family Charitable Trust |
| In Care of Name | Longview Development Llc |
| Address | C/O Longview Develop 80 Erdman Way, Leominster, MA 01453 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1992 |
| 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 | $3,301,330 |
| Amount of Income | $946,163 |
| Form 990 Revenue Amount | $287,512 |
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 | $155,884 | $155,884 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2,310 | |||
| Dividends and interest from securities | $111,033 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $42,541 | |||
| Total expenses and disbursements | $247,281 | $35,595 | $0 | $200,892 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $46,389 | $3,595 | $0 | |
| Contributions, gifts, grants paid | $200,892 | |||
| Excess of revenue over expenses and disbursements | $-91,397 | |||
| Net investment income | $120,289 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,392,469 | $3,792,797 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,339,911 | |
| Investments-corporate bonds | $1,000,929 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $51,629 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,392,469 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $42,541 |
| 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 | $1,203 |
| Total credits and payments | $5,304 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,304 |
| 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 | $0 |
| Overpayment | $4,101 |
| Amount to be credited to 2013 estimated tax | $4,101 |
| 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 | $3,775,491 |
| Net value of noncharitable-use assets | $3,718,860 |
| Minimum investment return | $185,943 |
| Distributable Amount (for 2012) | |
| Distributable amount | $184,740 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $184,740 |
| 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 | Clarks Companies Employee Assistance Fund | 156 Oak St, Newton U F, MA 02464-1440 | MA | 2007-06 | $13,623 |
| 2 | Clarks Companies Foundation | 156 Oak St, Newton U F, MA 02464-1440 | MA | 2006-06 | $230,774 |
| 3 | Class Action Network Inc, Class Action | 30 Germania St Building L, Jamaica Plain, MA 02130-2315 | MA | 2005-03 | $146,247 |
| 4 | Classics For Kids Foundation | PO BOX 5977, Holliston, MA 01746-5977 | MA | 1998-07 | $452,975 |
| 5 | Claudia Baer Charitable Trust | 26 Spruce Hill Rd, Weston, MA 02493-2134 | MA | 1967-05 | $418 |
| 6 | Clean Air Communities Inc | 89 South St Ste 602, Boston, MA 02111-2674 | MA | 2001-04 | $4,558 |
| 7 | Clean Air Task Force Inc | 18 Tremont St Ste 530, Boston, MA 02108-2305 | MA | 2000-09 | $6,544,251 |
| 8 | Clean Power Now Inc | PO BOX 2717, Hyannis, MA 02601-7717 | MA | 2004-10 | $253,628 |
| 9 | Clearway School Inc | 61 Chestnut St, West Newton, MA 02465-2550 | MA | 1975-11 | $1,649,916 |
| 10 | Cleghorn Athletic Assn Or St Josephs Club | 109 Oak Hill Rd, Fitchburg, MA 01420-3975 | MA | 1943-09 | $205,273 |
| 11 | Clementi Family Charitable Trust | C/O Longview Develop 80 Erdman Way, Leominster, MA 01453 | MA | 1992-04 | $946,163 |
| 12 | Clerc Foundation Ltd | 1166 Washington St Apt 201, Boston, MA 02118-4114 | MA | 1992-02 | $5,147 |
| 13 | Clf Foundation, Oliver F Ames Ttee | 75 Federal St Ste 2100, Boston, MA 02110-1926 | MA | 1961-09 | $157,150 |
| 14 | Clf Ventures Inc | 62 Summer St, Boston, MA 02110-1008 | MA | 1998-01 | $561,651 |
| 15 | Clifford Charitable Foundation Inc | PO BOX 961019, Boston, MA 02196-1019 | MA | 1981-04 | $629,316 |
| 16 | Clifford Family Foundation Charitable Trust | 8 Cedar Rd, Weston, MA 02493-2419 | MA | 1990-03 | $1,386,279 |
| 17 | Clifford H Marshall Foundation | 107 Groveland Ave, Weymouth, MA 02190-3124 | MA | 1998-04 | $3,000 |
| 18 | Clifford S Bonney Charitable Tr, Connolly James T Ttee | PO BOX 332, Newburyport, MA 01950-0432 | MA | 2000-08 | $19 |
| 19 | Clift Rodgers Free Library Assn | PO BOX 168, Marshfld Hls, MA 02051-0168 | MA | 1993-07 | $35,319 |
| 20 | Clifton Improvement Association Inc | 97 Seaview Ave, Marblehead, MA 01945 | MA | 1993-05 | $35,888 |
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