Corinne C Turner Foundation, John E Hodgson Ttee in Worcester, Massachusetts (MA)

Corinne C Turner Foundation, John E Hodgson Ttee
Employer Identification Number (EIN)	206569832
Name of Organization	Corinne C Turner Foundation
Secondary Name	John E Hodgson Ttee
Address	370 Main St 12th Fl, Worcester, MA 01608-1723
Activities	4947(a)(2) trust
Subsection	4947(a)(1) - Private Foundation (Form 990PF Filer)
Foundation	All organizations except 501(c)(3)
Exempt Organization Status	Trust described in section 4947(a)(2) of the IR Code
Tax Period	12/2013
Assets	$1,000,000 to $4,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$1,563,869
Amount of Income	$1,158,438
Form 990 Revenue Amount	$100,707

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$256,323	$255,924	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$96
Dividends and interest from securities	$28,376
Gross rents	$0
Gross sales price for all assets	$1,129,736
Gross profit from sales of goods	$0
Other income	$230
Other	$227,621
Total expenses and disbursements	$33,324	$16,160	$0	$16,723
Compensation of officers, directors, trustees, etc.	$6,000
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$14,000
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$33,324	$16,160		$16,723
Contributions, gifts, grants paid	$0
Excess of revenue over expenses and disbursements	$222,999
Net investment income		$239,764
Adjusted net income			$0

	2006		2007		2008		2009		2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$1,829,547	$1,993,351	$1,922,572	$2,367,426	$1,702,266	$1,297,180	$1,379,642	$1,572,383	$1,389,204	$1,573,753	$1,340,870	$1,673,968	$1,563,869	$2,014,678
Cash - non-interest-bearing	$19,798		$44,943		$25,323		$58,455		$0		$0		$0
Investments-U.S. and state government obligations	$0		$0		$0		$0		$0		$0		$0
Investments-corporate stock	$0		$0		$0		$0		$0		$0		$0
Investments-corporate bonds	$0		$0		$0		$0		$0		$0		$0
Investments-mortgage loans	$0		$0		$0		$0		$0		$0		$0
Investments-other	$1,809,569		$1,876,855		$1,676,943		$1,321,187		$1,240,495		$1,161,443		$1,304,227
Other assets											$0		$0
Total liabilities	$0		$0		$0		$0		$0		$0		$0
Total liabilities and net assets/fund balances	$1,829,547		$1,922,572		$1,702,266		$1,379,642		$1,389,204		$1,340,870		$1,563,869

	2006	2007	2008	2009	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$0	$168,022	$0	$0	$82,416	$33,909	$227,621
Net capital loss	$-152,216	$0	$-145,438	$-245,013	$0	$0	$0

	2006	2007	2008	2009	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No	No	No	No	No
Tax based on investment income	$361	$3,590	$118	$109	$805	$490	$4,795
Total credits and payments	$0	$0	$0	$0	$1,520	$840	$8,531
Current year estimated tax payments and previous year's overpayment credited to current year	$0	$0	$0	$0	$1,520	$840	$531
Exempt foreign organizations-tax withheld at source	$0	$0	$0	$0	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$0	$0	$0	$0	$0	$0	$8,000
Backup withholding erroneously withheld	$0	$0	$0	$0	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$197	$0	$0	$9	$0	$0
Tax due						$0	$0
Overpayment						$350	$3,736
Amount to be credited to next year's estimated tax	$0	$0	$0	$0	$706	$350	$3,736

	2006	2007	2008	2009	2011	2012	2013
Statements Regarding Activities
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	No	No	No	No	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?						No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?						No	No
Has the foundation filed a tax return on Form 990-T for this year?						No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No	No	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?						Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No	No	No	No	No
Did any persons become substantial contributors during the tax year?						No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?						No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?						Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041						Yes	Yes

	2006	2007	2008	2009	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No	No	No	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No	No	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No	No	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	No	No	No	Yes	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	No	No	No	No	No	No
Agree to pay money or property to a government official?	No	No	No	No	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?						No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?						No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No	No	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?						No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No	No	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No	No	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No	No	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?						No	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	No	No	No	No	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No	No	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	No	No	No	No	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	No	No	No	No	No	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	No	No	No	No	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?						No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?						No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?						No	No

	2006	2007	2008	2009	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$1,838,186	$2,254,965	$1,985,448	$1,417,746	$1,783,664	$1,714,296	$1,834,484
Net value of noncharitable-use assets						$1,688,582	$1,806,967
Minimum investment return	$90,531	$111,057	$97,783	$69,824	$87,845	$84,429	$90,348

	2006	2007	2008	2009	2011	2012	2013
Distributable Amount
Distributable amount	$90,170	$107,467	$97,665	$69,715	$87,040	$83,939	$85,553

	2006	2007	2008	2009	2011	2012	2013
Undistributed Income
Distributable amount for this year	$90,170	$107,467	$97,665	$69,715	$87,040	$83,939	$85,553
Undistributed income for this year. This amount must be distributed in the next year	$9,355	$24,055	$30,343	$12,196	$0	$0	$50,374

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
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

Supplementary Information (for 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$96	$0
Dividends and interest from securities	$28,376	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review

Would you recommend Corinne C Turner Foundation, John E Hodgson Ttee to others? (optional)

Yes

Add photo of Corinne C Turner Foundation, John E Hodgson Ttee (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (18.222.112.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
Worcester Educational Development Foundation Inc in Worcester, MA
The Red Sox Foundation Inc in Boston, MA
King Solomon Humanitarian Foundation For Handicapped Childre, Handi-Kids in Bridgewater, MA
Iglesia Camino Al Calvario in Lynn, MA
Rossbach Charitable Remainder Tr, Rossbach Janice & C E Ahara Ttees in Lexington, MA
Massachusetts-Ponkapoag Tribal Council Inc in Bridgewater, MA
Fc Blazers in Needham Hgts, MA
Twilight Throwers in Chelmsford, MA
Wayland Baseball And Softball Association Inc in Wayland, MA
Wellspring Inc in Hull, MA

Recently Added Reviews

Worcester Educational Development Foundation Inc in Worcester, MA

The Red Sox Foundation Inc in Boston, MA

King Solomon Humanitarian Foundation For Handicapped Childre, Handi-Kids in Bridgewater, MA

Iglesia Camino Al Calvario in Lynn, MA

Rossbach Charitable Remainder Tr, Rossbach Janice & C E Ahara Ttees in Lexington, MA

Massachusetts-Ponkapoag Tribal Council Inc in Bridgewater, MA

Fc Blazers in Needham Hgts, MA

Twilight Throwers in Chelmsford, MA

Wayland Baseball And Softball Association Inc in Wayland, MA

Wellspring Inc in Hull, MA

Id	Name	Address	State	Established	Total Income
Other organizations in Massachusetts
1	Wellesley College Alumnae Association, Wellesley Alumnae Of African Descent Waad	106 Central Street, Wellesley, MA 02481	MA	1972-09	$458
2	Wellesley College Alumnae Association, Class Of 2007	106 Central Street, Wellesley, MA 02481	MA	1972-09	$6,949
3	Wellesley College Alumnae Association, Class Of 2010	106 Central Street, Wellesley, MA 02481	MA	1972-09	$1,848
4	West Chop Club Inc	162 Iroquois Ave, Vineyard Hvn, MA 02568-5141	MA	1969-03	$2,152,610
5	Westminster Acres Road Association	PO BOX 2664, Edgartown, MA 02539-2664	MA	2004-07	$13,812
6	Wrentham Historical Society Inc	Po Box 300, Wrentham, MA 02093	MA	1983-09	$1,019
7	American Lithuanian Naturalization Club	365 South St, Athol, MA 01331-2201	MA	1946-02	$120,597
8	Braintree Catholic Womens Club	206 Linden Ponds Way Unit 132, Hingham, MA 02043	MA	1967-03	$5,884
9	Caritas Good Samaritan Cancer Inc	66 Brooks Dr, Braintree, MA 02184-3839	MA	1946-03	$189,576
10	Community Catalyst Action Fund Inc	30 Winter St Ste 1004, Boston, MA 02108-4728	MA	2012-02	$1,925,949
11	Corinne C Turner Foundation, John E Hodgson Ttee	370 Main St 12th Fl, Worcester, MA 01608-1723	MA		$1,158,438
12	Downtown Boston Business Improvement District Corporation	101 Arch St Ste 160, Boston, MA 02110-1150	MA	2012-01	$3,133,459
13	Garden Club Federation Of Massachusetts Inc, Amateur Gardeners Of Milton Amateur Gardeners Of Milton	195 Highland Street, Milton, MA 02186	MA	2004-02	$13,075
14	Garden Club Federation Of Massachusetts Inc, Williamstown Garden Club	P O Box 634, Williamstown, MA 01267-2749	MA	2004-02	$17,607
15	Gloucester Fishermens Wives Association Inc	2 Blackburn Ctr, Gloucester, MA 01930-2268	MA		$97,723
16	Harbour Haven Association Inc	32 Leeward Run, South Yarmouth, MA 02664	MA	1988-04	$15,350
17	Hopedale Pistol & Rifle Club Inc	PO BOX 132, Hopedale, MA 01747-0132	MA	2012-03	$16,933
18	International Association Of Administrative Professionals	100 Madison St, Fitchburg, MA 01420	MA	2006-05	$310
19	James T Powers Test Tr, Glynis Mac Veety Ttee	2 South Street, Pittsfield, MA 01201-6196	MA		$254,676
20	Knights Of Columbus, Crusader Council 2706	One College St, Worcester, MA 01610	MA	1940-10	$3,440

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Corinne C Turner Foundation, John E Hodgson Ttee and has no official or unofficial affiliation with Corinne C Turner Foundation, John E Hodgson Ttee