Dr Miriam And Sheldon G Adelson Medical Research Foundation, Sheldon G Adelson Et Al Ttee in Needham, 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
| Dr Miriam And Sheldon G Adelson Medical Research Foundation, Sheldon G Adelson Et Al Ttee | |
| Employer Identification Number (EIN) | 047023433 |
| Name of Organization | Dr Miriam And Sheldon G Adelson Medical Research Foundation |
| Secondary Name | Sheldon G Adelson Et Al Ttee |
| In Care of Name | Stephen J Oconnor |
| Address | 300 First Ave, Needham, MA 02494-2736 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $311,912 |
| Amount of Income | $24,274,662 |
| Form 990 Revenue Amount | $4,284,156 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Philanthropy, Voluntarism, and Grantmaking Foundations (Not Elsewhere Classified) |
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 | $24,942,903 | $2,176 | $0 | |
| Contributions, gifts, grants, etc., received | $24,940,727 | |||
| Interest on savings and temporary cash investments | $2,176 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $24,013,584 | $0 | $0 | $23,957,691 |
| Compensation of officers, directors, trustees, etc. | $21,987 | |||
| Total operating and administrative expenses | $1,259,460 | $0 | $1,203,567 | |
| Contributions, gifts, grants paid | $22,754,124 | |||
| Excess of revenue over expenses and disbursements | $929,319 | |||
| Net investment income | $2,176 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,336,346 | $1,336,346 |
| Cash - non-interest-bearing | $1,209,858 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $126,488 | |
| Total liabilities | $127 | |
| Mortgages and other notes payable | $0 | |
| Other | $127 | |
| Total liabilities and net assets/fund balances | $1,336,219 | |
| 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 | $22 |
| Total credits and payments | $31 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $31 |
| 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 | $9 |
| Amount to be credited to 2013 estimated tax | $9 |
| 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 | $545,549 |
| Net value of noncharitable-use assets | $537,360 |
| Minimum investment return | $26,868 |
| Distributable Amount (for 2012) | |
| Distributable amount | $26,846 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $26,846 |
| 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 | Dr Charles F Smith Jr Educational Foundation Inc | 194 Parker St, Newton Centre, MA 02459-2551 | MA | 2004-12 | $1 |
| 2 | Dr Charles J Homcy Charitable Foundation, Thomas P Reilly Ttee | 400 Crown Colony Drive, Quincy, MA 02169-0930 | MA | 2009-04 | $611,898 |
| 3 | Dr David L Kasdon Fund | 75 Federal St 7th Floor, Boston, MA 02110-1913 | MA | 1987-08 | $5 |
| 4 | Dr Frank Carr Scholarship Fund | 9 Lakeshore Dr, Spencer, MA 01562-2905 | MA | $2,668 | |
| 5 | Dr H H Gadsby Scholarship Fund Of Drury H S | 191 East Main Street, North Adams, MA 01247-4445 | MA | 1946-06 | $4,002 |
| 6 | Dr Israel & Edith Putnam Edelstein Foundation | 875 Southern Artery, Quincy, MA 02169-7163 | MA | 1967-01 | $46,090 |
| 7 | Dr Jeffrey R Bartel Scholarship Fund | 59 W Weir St, Taunton, MA 02780-4651 | MA | 2004-12 | $26,124 |
| 8 | Dr Kevin M Hurley Middle School Parent Teacher Organization | 650 Newman Avenue, Seekonk, MA 02771 | MA | 2005-04 | $0 |
| 9 | Dr Lawrence P Chase Scholarship Trust | 179 Elm St, Northampton, MA 01060-2908 | MA | 1974-03 | $268 |
| 10 | National Association Christian Education Ministry Inc | 15 Squannacook Drive, Groton, MA 01450-1139 | MA | 1992-09 | $0 |
| 11 | Dr Miriam And Sheldon G Adelson Medical Research Foundation, Sheldon G Adelson Et Al Ttee | 300 First Ave, Needham, MA 02494-2736 | MA | 2008-01 | $24,274,662 |
| 12 | Dracut Access Television Inc | 91 Mill St Ste 7, Dracut, MA 01826-3277 | MA | 2007-10 | $433,540 |
| 13 | Dracut Performing Arts Boosters Inc | PO BOX 92, Dracut, MA 01826-0092 | MA | 1988-02 | $70,849 |
| 14 | Dracut Baseball Association Inc | Town Hall Annex 11 Springpark Ave, Dracut, MA 01826 | MA | 2011-04 | $80,280 |
| 15 | Dracut Community Food Pantry Inc | 1934 Lakeview Ave, Dracut, MA 01826 | MA | 2007-12 | $123,076 |
| 16 | Dracut Land Tr Inc | 156 Jones Avenue, Dracut, MA 01826 | MA | 2000-07 | $2,421 |
| 17 | Dracut Police Association Inc | 110 Loon Hill Road, Dracut, MA 01826 | MA | 1997-02 | $51,976 |
| 18 | Dracut Soccer Association Inc | PO BOX 412, Dracut, MA 01826-0412 | MA | 1990-01 | $70,973 |
| 19 | Dragon Boat Club Of Boston Inc | PO BOX 425373, Cambridge, MA 02142-0008 | MA | 2002-11 | $28,659 |
| 20 | Dragone Family Scholarship Fund, Judith A Schmitt Ttee | 202 Old Westboro Rd, North Grafton, MA 01536-2034 | MA | 1996-11 | $747 |
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