Dusky Foundation in Boston, 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
| Dusky Foundation | |
| Employer Identification Number (EIN) | 043122206 |
| Name of Organization | Dusky Foundation |
| In Care of Name | Robert S Gulick |
| Address | 50 Congress St Ste 925, Boston, MA 02109-4075 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1992 |
| 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 | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,383,329 |
| Amount of Income | $1,637,299 |
| Form 990 Revenue Amount | $858,770 |
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 | $181,360 | $181,360 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $50,899 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $130,461 | |||
| Total expenses and disbursements | $468,051 | $22,082 | $0 | $431,721 |
| Compensation of officers, directors, trustees, etc. | $14,248 | |||
| Total operating and administrative expenses | $36,330 | $22,082 | $0 | |
| Contributions, gifts, grants paid | $431,721 | |||
| Excess of revenue over expenses and disbursements | $-286,691 | |||
| Net investment income | $159,278 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $998,064 | $1,812,059 |
| Cash - non-interest-bearing | $805 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $933,732 | |
| Investments-corporate bonds | $59,814 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,713 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $998,064 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $130,461 |
| 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 | $3,186 |
| Total credits and payments | $5,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,000 |
| 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 | $10 |
| Tax due | $0 |
| Overpayment | $1,804 |
| Amount to be credited to 2013 estimated tax | $1,804 |
| 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 | $1,922,164 |
| Net value of noncharitable-use assets | $1,893,340 |
| Minimum investment return | $94,667 |
| Distributable Amount (for 2012) | |
| Distributable amount | $91,481 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $91,481 |
| 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 | Dunn Family Charitable Foundation | 30 Nagog Park Ste 210, Acton, MA 01720-3438 | MA | 1994-11 | $1,130,653 |
| 2 | Dunn Foundation | 44 Brattle St, Cambridge, MA 02138-3741 | MA | 2006-06 | $338 |
| 3 | Merrimack Valley Artisans Inc | 69 S Shaker Rd, Harvard, MA 01451-1207 | MA | 2006-08 | $1,716 |
| 4 | Dunstable Pre-School | PO BOX 122, Dunstable, MA 01827-0122 | MA | 1982-09 | $87,945 |
| 5 | Dunstable Rural Land Trust | David E Tully 1070 Main Street, Dunstable, MA 01827 | MA | 1989-01 | $60,039 |
| 6 | Dunya Inc | 343 School St, Belmont, MA 02478-3846 | MA | 2005-03 | $52,586 |
| 7 | Durant Family Foundation | PO BOX 51400, Boston, MA 02205-1400 | MA | 1998-06 | $1,539,657 |
| 8 | Durant Homestead Foundation Inc, Med-25000 | 45 School St Fl 5, Boston, MA 02108-3207 | MA | 1984-09 | $3 |
| 9 | Durfee Bells Preservation Society | PO BOX 9235, Fall River, MA 02720 | MA | 2003-04 | $0 |
| 10 | Durfee Parents Advisory Council Inc | PO BOX 9495, Fall River, MA 02720-0009 | MA | 2003-05 | $32,121 |
| 11 | Dusky Foundation | 50 Congress St Ste 925, Boston, MA 02109-4075 | MA | 1992-08 | $1,637,299 |
| 12 | Duston Dustin Garrison House Asso Inc | 19 Warren Rd, Yarmouth Port, MA 02675-2509 | MA | 1964-06 | $1,061 |
| 13 | Duxbury Art Association Inc | PO BOX 204A, Duxbury, MA 02331-0504 | MA | 2012-03 | $109,733 |
| 14 | Duxbury Beach Reservation Inc | PO BOX 2593, Duxbury, MA 02331-2593 | MA | 1976-02 | $2,109,873 |
| 15 | Duxbury Blue Line Club Inc | Po Box 1561, Duxbury, MA 02331 | MA | 1994-01 | $22,610 |
| 16 | Duxbury Boosters Club Inc | 130 Saint George St, Duxbury, MA 02332-3845 | MA | 1978-09 | $44,691 |
| 17 | Duxbury Free Library Inc | PO BOX 1092, Duxbury, MA 02331-1092 | MA | 1942-08 | $223,270 |
| 18 | Duxbury Girls Youth Basketball Inc | PO BOX 2468, Duxbury, MA 02331-2468 | MA | 2001-11 | $84,859 |
| 19 | Duxbury Gridiron Club Inc | PO BOX 2586, Duxbury, MA 02331-2586 | MA | 2008-10 | $94,919 |
| 20 | Duxbury Hockey Association Inc | 285 St George Street No 210, Duxbury, MA 02332-3848 | MA | 1972-08 | $466,920 |
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