Ellison Foundation in Lynn, 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
| Ellison Foundation | |
| Employer Identification Number (EIN) | 046050704 |
| Name of Organization | Ellison Foundation |
| In Care of Name | Elton Drew |
| Address | 21 King St, Lynn, MA 01902-2019 |
| Activities | Community Chest, United Way, etc., School, college, trade school, etc., Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization, Religious Organization |
| Ruling Date | 09/1953 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $50,000,000 to greater |
| Income | $50,000,000 to greater |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $79,615,023 |
| Amount of Income | $56,775,858 |
| Form 990 Revenue Amount | $7,143,485 |
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 | $2,644,463 | $2,644,463 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,445,333 | |||
| Dividends and interest from securities | $748,390 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $450,740 | |||
| Total expenses and disbursements | $5,107,640 | $439,851 | $0 | $4,604,089 |
| Compensation of officers, directors, trustees, etc. | $180,000 | |||
| Total operating and administrative expenses | $887,640 | $439,851 | $384,089 | |
| Contributions, gifts, grants paid | $4,220,000 | |||
| Excess of revenue over expenses and disbursements | $-2,463,177 | |||
| Net investment income | $2,204,612 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $74,751,557 | $74,751,557 |
| Cash - non-interest-bearing | $49,192 | |
| Investments-U.S. and state government obligations | $20,812,191 | |
| Investments-corporate stock | $20,220,600 | |
| Investments-corporate bonds | $13,848,134 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $15,142,630 | |
| Other | $4,678,810 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $74,751,557 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $450,740 |
| 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 | $22,046 |
| Total credits and payments | $71,352 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $71,352 |
| 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 | $49,306 |
| Amount to be credited to 2013 estimated tax | $49,306 |
| 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 | $77,974,975 |
| Net value of noncharitable-use assets | $76,805,360 |
| Minimum investment return | $3,840,268 |
| Distributable Amount (for 2012) | |
| Distributable amount | $3,818,222 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $3,818,222 |
| 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 | Ellen Abbott Gilman Trust Uw | Nutter Mcclennen- 155 Seaport Blvd, Boston, MA 02210 | MA | $130,052 | |
| 2 | Ellen Hyde Scholarship Independent Association Of Framingham State | 42 Adams Rd, Framingham, MA 01702-2456 | MA | 1952-10 | $46,425 |
| 3 | Ellen M Gifford Sheltering Home Corporation | 30 Undine Rd, Brighton, MA 02135-3812 | MA | 1959-09 | $224,418 |
| 4 | Ellen R Cohen Charitable Tr, Cohen Ellen R Ttee | 34 Monadnock Rd, Newton, MA 02467-1122 | MA | 2002-04 | $1,488,066 |
| 5 | Ellinwood Country Club Inc | 1928 Pleasant St, Athol, MA 01331-3231 | MA | 1968-10 | $465,953 |
| 6 | Elliott Badgley Foundation Inc | 224 Adams St, Milton, MA 02186-4201 | MA | 1999-12 | $351,757 |
| 7 | Elliott And Marjorie Hillback Foundation, Hillback Elliott Jr Ttee | 34 Wilson Ln, Needham, MA 02492-2738 | MA | 2005-03 | $4,036 |
| 8 | Ellis Foundation Inc | 6 Tally Ho Ln, Framingham, MA 01701-3759 | MA | 2007-06 | $29,758 |
| 9 | Ellis L Phillips Foundation | 233 Commonwealth Ave Apt 2, Boston, MA 02116-1720 | MA | 1947-08 | $823,246 |
| 10 | Ellis Memorial And Eldredge House Inc | 58 Berkeley Street 3rd Floor, Boston, MA 02116-6215 | MA | 1947-06 | $3,581,501 |
| 11 | Ellison Foundation | 21 King St, Lynn, MA 01902-2019 | MA | 1953-09 | $56,775,858 |
| 12 | Elm Park Center For Early Childhood Education Inc | 284 Highland St, Worcester, MA 01602-2130 | MA | 1972-11 | $866,747 |
| 13 | Elm Social Club Of Medway Inc | 1 Riverview St, Medway, MA 02053-1224 | MA | $76,933 | |
| 14 | Elmbrook Inc | 25 Follen St, Cambridge, MA 02138-3502 | MA | 2014-05 | $364,375 |
| 15 | Elmer R Harlow Jr Scholarship Trust, Albert T Maddigan Ttee | PO BOX 382, Woods Hole, MA 02543-0382 | MA | 1998-01 | $35,213 |
| 16 | Elmont-Schwabe Charitable Corp | PO BOX 170158, Boston, MA 02117-0128 | MA | 1990-04 | $2,048 |
| 17 | Elmwood Golf Assn Inc | 16 Manchester Ln, Acushnet, MA 02743-1510 | MA | 1955-05 | $3 |
| 18 | Elna Collaborative Inc | 100 Maple Ave, Shrewsbury, MA 01545-5347 | MA | 2003-05 | $220 |
| 19 | Elovitz Family Foundation | 20 Donna Rd, Newton, MA 02459-2805 | MA | 2008-04 | $30 |
| 20 | Elqui Valley Foundation | PO BOX 961019, Boston, MA 02196-1019 | MA | 1999-10 | $838,508 |
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