Diana Korzenik Charitable Foundation in Newton, 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
| Diana Korzenik Charitable Foundation | |
| Employer Identification Number (EIN) | 046766274 |
| Name of Organization | Diana Korzenik Charitable Foundation |
| Address | 7 Norman Rd, Newton, MA 02461-1215 |
| Activities | Other school related activities |
| Subsection | Charitable Organization |
| Ruling Date | 01/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $35,697 |
| Amount of Income | $44,502 |
| Form 990 Revenue Amount | $4,506 |
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 | $1,959 | $1,459 | $1,130 | |
| Contributions, gifts, grants, etc., received | $500 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,130 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $329 | |||
| Total expenses and disbursements | $3,563 | $0 | $0 | $3,563 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,063 | $0 | $1,063 | |
| Contributions, gifts, grants paid | $2,500 | |||
| Excess of revenue over expenses and disbursements | $-1,604 | |||
| Net investment income | $1,459 | |||
| Adjusted net income | $1,130 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $36,010 | $35,736 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $20,060 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $15,950 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $36,010 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $329 |
| 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 | $29 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $29 |
| 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 | $36,296 |
| Net value of noncharitable-use assets | $35,760 |
| Minimum investment return | $1,788 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,759 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,759 |
| 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 | Devin Laubi Foundation | 504 Main Rd, Westport, MA 02790 | MA | 2004-09 | $55,628 |
| 2 | Devon Nicoles House Inc | 28 State Street, Boston, MA 02109-1775 | MA | 2001-08 | $1,691 |
| 3 | Devotion After School Enrichment Program Inc | 345 Harvard St, Brookline, MA 02446-2907 | MA | 1989-07 | $215,155 |
| 4 | Devotion Primary Extended Day Program | 345 Harvard St, Brookline, MA 02446-2907 | MA | 1978-01 | $707,528 |
| 5 | Dewing Greek Numismatic Foundation | 45 School St Fl 5, Boston, MA 02108-3207 | MA | 1965-04 | $22,317 |
| 6 | Dhamma Vihara Foundation Inc | 1230 Pleasant St, Barre, MA 01005-9313 | MA | 1989-05 | $746,039 |
| 7 | Dharma Foundation Inc | 1230 Pleasant St, Barre, MA 01005-9313 | MA | 1983-03 | $255,629 |
| 8 | Dharma Seed Tape Library Inc | PO BOX 1494, Greenfield, MA 01302-1494 | MA | 1985-05 | $61,387 |
| 9 | Diabetes Association Inc | 4 S Main St, Fall River, MA 02721-5327 | MA | 1979-03 | $182,466 |
| 10 | Diabetes Education Center Of Cape Cod Inc | 115 Goodview Way, Barnstable, MA 02630-1216 | MA | 2004-09 | $30,000 |
| 11 | Diana Korzenik Charitable Foundation | 7 Norman Rd, Newton, MA 02461-1215 | MA | 1995-01 | $44,502 |
| 12 | Gruben Charitable Foundation | 400 Atlantic Ave, Boston, MA 02110-3331 | MA | 2008-04 | $3,530,159 |
| 13 | Dallss Inc | 75 Lawrence Street, Brockton, MA 02302 | MA | 2003-05 | $2,100 |
| 14 | Diane Purdys Childrens Theatre Workshop | 150 Middle St, East Weymouth, MA 02189-1307 | MA | 1995-09 | $34,223 |
| 15 | Dianne De Vanna Center For The Prevention Of Child Abuse & Neglec | 74 Pond St, Braintree, MA 02184-5337 | MA | 1981-11 | $349,160 |
| 16 | Dibner Institute Inc | 151 Laurel Rd, Chestnut Hill, MA 02467-2210 | MA | 1992-02 | $1,120,589 |
| 17 | Dick Bradley & Associates Inc | 30 Massachusetts Ave, North Andover, MA 01845-3458 | MA | 1994-09 | $720 |
| 18 | Dick Cotter Foundation Inc | 4 Hidden Meadow Ln, Southborough, MA 01772-1700 | MA | 2003-11 | $79,652 |
| 19 | Dick Melloni Youth Foundation | 40 Nathaniels Way, Rochester, MA 02770-2023 | MA | 2003-10 | $24,364 |
| 20 | Dielectrics Employee Benefits Tr, Benoit Martha Ttee | 300 Burnett Rd, Chicopee, MA 01020-4636 | MA | 2004-03 | $1,061,031 |
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