Eastman Charitable 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
| Eastman Charitable Foundation | |
| Employer Identification Number (EIN) | 046115419 |
| Name of Organization | Eastman Charitable Foundation |
| In Care of Name | William C Hays |
| Address | 31 Milk St Ste 501, Boston, MA 02109-5128 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1970 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $895,488 |
| Amount of Income | $56,327 |
| Form 990 Revenue Amount | $51,900 |
Non-representatives - add comments:
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 | $57,436 | $74,510 | $57,436 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $57,436 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $80,640 | $16,690 | $16,690 | $63,950 |
| Compensation of officers, directors, trustees, etc. | $12,450 | |||
| Total operating and administrative expenses | $16,690 | $16,690 | $0 | |
| Contributions, gifts, grants paid | $63,950 | |||
| Excess of revenue over expenses and disbursements | $-23,203 | |||
| Net investment income | $57,820 | |||
| Adjusted net income | $40,746 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $880,957 | $1,937,715 |
| Cash - non-interest-bearing | $139,526 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $681,407 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $60,024 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $880,957 | |
| 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 | $578 |
| Total credits and payments | $1,003 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $900 |
| Exempt foreign organizations-tax withheld at source | $103 |
| 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 | $424 |
| Amount to be credited to 2013 estimated tax | $424 |
| 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 | $1,855,167 |
| Net value of noncharitable-use assets | $1,827,340 |
| Minimum investment return | $91,367 |
| Distributable Amount (for 2012) | |
| Distributable amount | $90,788 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $90,788 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $50,041 |
| 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 | Easthampton Community Center | 12 Clark St, Easthampton, MA 01027-2330 | MA | 1973-12 | $157,490 |
| 2 | Easthampton Fish & Game Association Inc | PO BOX 438, Southampton, MA 01073-0438 | MA | 1973-03 | $48,304 |
| 3 | Easthampton Friends Of Football Association Inc | PO BOX 633, Easthampton, MA 01027-0633 | MA | 2000-04 | $58,562 |
| 4 | Easthampton Home And School Association | 50 Payson Ave, Easthampton, MA 01027 | MA | 1997-07 | $0 |
| 5 | Easthampton Housing For The Elderly Inc, College Highway Apartments | 391 Main Street, East Hampton, MA 01027-1968 | MA | 1989-04 | $606,899 |
| 6 | Easthampton Learning Foundation | PO BOX 1100, Easthampton, MA 01027-5100 | MA | 1996-11 | $63,642 |
| 7 | Easthampton Little League Inc | PO BOX 1, Easthampton, MA 01027-0001 | MA | 1976-05 | $79,105 |
| 8 | Easthampton Rod & Gun Club | PO BOX 407, Easthampton, MA 01027-0407 | MA | 1993-03 | $93,273 |
| 9 | Easthampton Savings Foundation | 36 Main St, Easthampton, MA 01027-2050 | MA | 1997-09 | $150,299 |
| 10 | Easthampton Youth Soccer Assoc Inc | Po Box 1174, Easthampton, MA 01027 | MA | 2005-08 | $0 |
| 11 | Eastman Charitable Foundation | 31 Milk St Ste 501, Boston, MA 02109-5128 | MA | 1970-05 | $56,327 |
| 12 | Easton Babe Ruth League Inc | PO BOX 267, Easton, MA 02334-0267 | MA | 1980-05 | $51,968 |
| 13 | Easton Childrens Museum Inc | PO BOX 417, North Easton, MA 02356-0417 | MA | 1987-08 | $469,834 |
| 14 | Easton Childrens Theatre | 97 Massapoag Ave, North Easton, MA 02356-3618 | MA | 1998-06 | $48,805 |
| 15 | Easton Community Corporation | PO BOX 326, North Easton, MA 02356-0326 | MA | 1974-11 | $908,003 |
| 16 | Easton Historical Society Inc | PO BOX 3, North Easton, MA 02356-0003 | MA | 1970-01 | $65,257 |
| 17 | Easton Shoveltown Players Inc | 25 Coughlin Rd, North Easton, MA 02356-2007 | MA | 2004-09 | $23,521 |
| 18 | Easton Youth Baseball League Inc | PO BOX 458, North Easton, MA 02356-0458 | MA | 1994-05 | $253,925 |
| 19 | Easton Youth Soccer League Inc | PO BOX 172, North Easton, MA 02356-0172 | MA | 1985-08 | $256,143 |
| 20 | Eastrich No 167 Corp | Two Seaport Lane, Boston, MA 02210-2001 | MA | 2000-01 | $7,579,084 |
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