F Thomas & Patricia D Westcott Foundation in Attleboro, 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
| F Thomas & Patricia D Westcott Foundation | |
| Employer Identification Number (EIN) | 043254505 |
| Name of Organization | F Thomas & Patricia D Westcott Foundation |
| In Care of Name | Bristol County Savings Bank |
| Address | 150 N Main St, Attleboro, MA 02703-2222 |
| Activities | School, college, trade school, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 10/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $156,068 |
| Amount of Income | $193,797 |
| Form 990 Revenue Amount | $9,090 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $193,797 (it was $119,030 in 2012)
| This organization: | $193,797 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2013: $156,068 (it was $142,865 in 2012)
| F Thomas & Patricia D Westcott Foundation: | $156,068 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $6,950
| F Thomas & Patricia D Westcott Foundation: | $6,950 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 27.9
| This organization: | 27.9 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 85.6%
| This organization: | 85.6% |
| Other organizations performing similar types of work: | 0.0% |
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 | $58,397 | $8,397 | $0 | |
| Contributions, gifts, grants, etc., received | $50,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $3,971 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $4,426 | |||
| Total expenses and disbursements | $6,950 | $1,383 | $0 | $5,480 |
| Compensation of officers, directors, trustees, etc. | $1,257 | |||
| Total operating and administrative expenses | $1,950 | $1,383 | $480 | |
| Contributions, gifts, grants paid | $5,000 | |||
| Excess of revenue over expenses and disbursements | $51,447 | |||
| Net investment income | $7,014 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $142,865 | $149,634 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $65,324 | |
| Investments-corporate bonds | $72,820 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $4,721 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $142,865 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $4,426 |
| 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 | $140 |
| Total credits and payments | $8 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $8 |
| 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 | $132 |
| 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 | $136,060 |
| Net value of noncharitable-use assets | $134,020 |
| Minimum investment return | $6,701 |
| Distributable Amount (for 2012) | |
| Distributable amount | $6,561 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $6,561 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
The Red Sox Foundation Inc in Boston, MA
  |
|
King Solomon Humanitarian Foundation For Handicapped Childre, Handi-Kids in Bridgewater, MA
|
| Iglesia Camino Al Calvario in Lynn, MA |
| Rossbach Charitable Remainder Tr, Rossbach Janice & C E Ahara Ttees in Lexington, MA |
| Massachusetts-Ponkapoag Tribal Council Inc in Bridgewater, MA |
|
Fc Blazers in Needham Hgts, MA
|
|
Twilight Throwers in Chelmsford, MA
|
| Wayland Baseball And Softball Association Inc in Wayland, MA |
Wellspring Inc in Hull, MA
 |
| Reason Alliance Ltd in Somerville, MA |
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Twenty Plus Foundation Inc | 314 Commonwealth Ave Unit 2, Boston, MA 02115-2140 | MA | 1998-01 | $15,022,560 |
| 2 | The Poss Family Foundation | 450 Warren St, Brookline, MA 02445-5907 | MA | 1998-04 | $3,468,602 |
| 3 | The Bressler Family Foundation, Bressler Karen Ttee | 776 Boylston St Unit E10d, Boston, MA 02199-7847 | MA | 1997-07 | $2,530,888 |
| 4 | Wilson Caruso Charitable Foundation, Caruso Judith & R & P Wilson Ttees | 315 Clapboardtree St, Westwood, MA 02090-2907 | MA | 1998-04 | $1,515,184 |
| 5 | The Elizabeth T Fessenden Charitable Foundation | 100 High St Ste 1000, Boston, MA 02110-2318 | MA | 1996-05 | $1,092,635 |
| 6 | Salem Five Charitable Foundation Inc | 210 Essex St, Salem, MA 01970-3705 | MA | 1997-06 | $684,361 |
| 7 | Seamens Longpoint Charitable Foundation Inc | 350 Route 6, North Truro, MA 02652 | MA | 1997-09 | $426,860 |
| 8 | William E & Janet Burrows James Foundation Tr, James William E & Janet B Ttees | 160 Federal St, Boston, MA 02110-1700 | MA | 1998-12 | $208,029 |
| 9 | The@roger And Myrna Landay Charitable Foundation | PO BOX 140, Mansfield, MA 02048-0140 | MA | 1998-01 | $152,257 |
| 10 | Arthur Griffin Foundation For Winchester, Peter Segerstrom Ttee | C/O Helen Babcock 5 Myrtle Street, Winchester, MA 01890 | MA | 1998-06 | $108,688 |
| 11 | Russell And Richardson Family Foundation Inc | PO BOX 51400, Boston, MA 02205-1400 | MA | 1997-10 | $52,773 |
| 12 | The Moses And Minna G Alpers 1990 Charitable Trust, Paula M Bianchi Ttee | 16 Birch Rd 01984, Wenham, MA 01984-1902 | MA | 1995-02 | $19,831 |
| 13 | The Patriot Foundation | 1330 Boylston St Ste 510, Chestnut Hill, MA 02467-2111 | MA | 1998-06 | $18,753 |
| 14 | The@ray And Karyn Hendrickson Foundation, Hendrickson Ray E Ttee | 300 Crown Colony Dr Ste 400, Quincy, MA 02169-0904 | MA | 1998-03 | $17,010 |
| 15 | Susan & Lawrence Bailis Family Foundation | 133 Brattle St, Cambridge, MA 02138-2201 | MA | 1997-10 | $7,970 |
| 16 | Richard E Griffin Family Foundation Inc | 101 Federal St Ste 650, Boston, MA 02110-1817 | MA | 1997-06 | $2,500 |
| 17 | Westborough Savings Charitable Foundation Inc | 42 Main St, Hudson, MA 01749-2123 | MA | 1997-09 | $1,689 |
| 18 | American Foundation For The Disabled Of Chernobyl Inc | 17 Aspinwall Ave Apt 2, Brookline, MA 02446-6440 | MA | 1998-08 | $0 |
| 19 | City Of Presidents Fund Inc | 100 Southern Artery, Quincy, MA 02170-3835 | MA | 1990-10 | $0 |
| 20 | Emmanuel Evangelical Church Inc | 22 Park Ter, Everett, MA 02149-2516 | MA | 1995-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about F Thomas & Patricia D Westcott Foundation »
Non-representatives - add comments about F Thomas & Patricia D Westcott Foundation»