Domar Foundation Inc in Waltham, 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
Domar Foundation Inc | |
Employer Identification Number (EIN) | 043471271 |
Name of Organization | Domar Foundation Inc |
Address | 130 2nd Ave, Waltham, MA 02451-1100 |
Subsection | Scientific Organization, Charitable Organization |
Ruling Date | 02/2002 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $25,000 to $99,999 |
Income | $1 to $9,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $52,235 |
Amount of Income | $6,735 |
Form 990 Revenue Amount | $8,902 |
National Taxonomy of Exempt Entities (NTEE) | Medical Research: Specific Organ Research |
Non-representatives - add comments:
Amount of income in 2013: $6,735 (it was $8,557 in 2012)
Domar Foundation Inc: | $6,735 |
Other organizations performing similar types of work: | $93,268 |
Assets in 2013: $52,235 (it was $51,719 in 2012)
This organization: | $52,235 |
Other organizations performing similar types of work: | $91,151 |
Expenses in 2012: $20,605
This organization: | $20,605 |
Other organizations performing similar types of work: | $170,472 |
Income to expenses ratio in 2012: 0.3
This organization: | 0.3 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 58.5%
This organization: | 58.5% |
Other organizations performing similar types of work: | 97.7% |
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 | $8,550 | $146 | $3,404 | |
Contributions, gifts, grants, etc., received | $5,000 | |||
Interest on savings and temporary cash investments | $146 | |||
Dividends and interest from securities | $0 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $3,404 | |||
Gross sales less returns and allowances | $3,397 | |||
Less: Cost of goods sold | $7 | |||
Other income | $0 | |||
Total expenses and disbursements | $20,605 | $0 | $0 | $14,225 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $20,130 | $0 | $13,750 | |
Contributions, gifts, grants paid | $475 | |||
Excess of revenue over expenses and disbursements | $-12,055 | |||
Net investment income | $146 | |||
Adjusted net income | $3,404 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $51,719 | $51,719 |
Cash - non-interest-bearing | $51,689 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $30 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $51,719 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $0 |
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 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $1 |
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 | $58,716 |
Net value of noncharitable-use assets | $57,840 |
Minimum investment return | $2,892 |
Distributable Amount (for 2012) | |
Distributable amount | $2,891 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $2,891 |
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 | Systemic Lupus International Collaborating Clinics | 320 E North Ave, Pittsburgh, PA 15212-4756 | PA | 2010-02 | $462,746 |
2 | San Diego Regenerative Medicine Institute | 4539 Donald Ave, San Diego, CA 92117 | CA | 2011-11 | $388,830 |
3 | Vanguard Urologic Research Foundation | 6400 Fannin St Ste 2300, Houston, TX 77030-1527 | TX | 2008-04 | $285,533 |
4 | Society Of Facet Surgical Techniques And Technologies Inc | 227 Fortuna Dr, Palm Bch Gdns, FL 33410-4317 | FL | 2009-11 | $115,000 |
5 | Foundation For Advances In Therapeutics And Prevention | 451 N Texas Ave, Webster, TX 77598-4927 | TX | 2008-09 | $93,268 |
6 | Tissue Engineering Society Inc | 206 S Linden Ave, Pittsburgh, PA 15208-2647 | PA | 1996-03 | $83,617 |
7 | Global Disease Research | 1901 Norwood Dr, Hurst, TX 76054 | TX | 2013-09 | $77,160 |
8 | Cgat Research Foundation Inc | 46 Morton St, Needham, MA 02494-1204 | MA | 2012-04 | $40,000 |
9 | Publishing For Vision & Hearing Inc | 24 West 24th Street, New York, NY 10010 | NY | 2011-09 | $26,078 |
10 | Vision For A Cure Inc | 165 Bigelow Rd, Newton, MA 02465 | MA | 2014-08 | $23,785 |
11 | Hrdl Inc | 6310 Granada Way, San Antonio, TX 78257-1733 | TX | 2005-05 | $8,000 |
12 | The Difference Principle Foundation | 6208 S Oswego Ave, Tulsa, OK 74136-1531 | OK | 2005-05 | $7,011 |
13 | Domar Foundation Inc | 130 2nd Ave, Waltham, MA 02451-1100 | MA | 2002-02 | $6,735 |
14 | Rosacea Research And Development Institute | Po Box 7450, Hilo, HI 96720 | HI | 2006-01 | $639 |
15 | 700 For Science Charitable Foundation | 915 S Pine St, Georgetown, TX 78626-6022 | TX | 2014-11 | $0 |
16 | Allosource International Inc | 6278 S Troy Circle, Centennial, CO 80111 | CO | 2009-03 | $0 |
17 | Breath Of Life Decisions Inc | 10408 Woodlawn Blvd, Upper Marlboro, MD 20774 | MD | 1994-12 | $0 |
18 | Capital City Organic Gardeners | 44 Millstone Drive, Concord, NH 03301 | NH | 2011-07 | $0 |
19 | Coalition Of Skin Diseases | 4301 Connecticut Avenue Nw, Washington, DC 20008 | DC | 2009-02 | $0 |
20 | Orphan Biologics Institute Inc | Lincoln Plaza 89 S Ste Ste 700, Boston, MA 02108 | MA | 1996-06 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 67 |
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