Federal Tax Institute Of New England Inc in Boston, Massachusetts (MA)

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Federal Tax Institute Of New England Inc
Employer Identification Number (EIN)046014011
Name of OrganizationFederal Tax Institute Of New England Inc
In Care of NameDeloitte Tax Llp
Address200 Berkley St, Boston, MA 02116-5022
ActivitiesOther school related activities
SubsectionEducational Organization
Ruling Date11/1951
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Tax Period11/2010
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$237,546
Amount of Income$9
Form 990 Revenue Amount$9
National Taxonomy of Exempt Entities (NTEE)Public, Society Benefit - Multipurpose and Other: Public Finance, Taxation, Monetary Policy


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Amount of income in 2010: $9
Federal Tax Institute Of New England Inc: 

 $9
Other organizations performing similar types of work: 

 $105,900

Assets in 2010: $237,546
Federal Tax Institute Of New England Inc: 

 $237,546
Other organizations performing similar types of work: 

 $123,938

Expenses in 2010: $7,952
This organization: 

 $7,952
Other organizations performing similar types of work: 

 $75,393

Income to expenses ratio in 2010: 0.0
Federal Tax Institute Of New England Inc: 

 0.0
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2005: 100.0%
Federal Tax Institute Of New England Inc: 

 100.0%
Other organizations performing similar types of work: 

 100.0%

Grants share in income in 2010: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 99.6%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2010)
Total revenue$9
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$9
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$7,952
Total net assets$0
Deficit for the year$-7,943
Net assets or fund balances at beginning of year$245,480
Other changes in net assets or fund balances$-237,537
Balance Sheets (for 2010)
Total assets$237,546
Total liabilities$237,546
Net assets or fund balances$0
Other Information (for 2010)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2010)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010)
2006 - 2010 Total
Total support$13,732
Gifts, grants, contributions, and membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$13,732
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200320042005
Total revenue$28,347$30,170$40,988
Contributions, gifts, grants, and similar amounts received$0$0$0
Contributions to donor advised funds
Direct public support$0$0$0
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$24,239$25,328$35,100
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$4,108$4,842$5,888
Dividends and interest from securities$0$0$0
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0
Gross amount from sales of assets other than inventory$0$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$0$0$0
Total expenses$58,017$52,133$21,935
Program services$58,017$52,133$21,935
Management and general$0$0$0
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$234,189$212,226$231,279
Excess or (deficit) for the year$-29,670$-21,963$19,053
Net assets or fund balances at beginning of year$263,859$234,189$212,226
Other changes in net assets or fund balances$0$0$0
Statement of Functional Expenses (for 2005)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$21,935$21,935$0$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$4,379$4,379$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$2,863$2,863$0$0
Travel$1,701$1,701$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$661$661$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$12,331$12,331$0$0
Balance Sheets
200320042005
Total assets$234,189$212,226$240,279
Cash - non-interest-bearing$16,049$14,563$37,388
Savings and temporary cash investments$18,559$98,173$153,181
Accounts receivable less allowance for doubtful accounts$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Investments - publicly-traded securities
Investments - other securities$199,484$99,430$49,676
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0
Other assets, including program-related investments$97$60$34
Total liabilities$0$0$9,000
Accounts payable and accrued expenses$0$0$9,000
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$0$0$0
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$234,189$212,226$240,279
Total net assets or fund balances$234,189$212,226$231,279
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200320042005
Total revenue$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200320042005
Total expenses$0$0$0
Total expenses and losses per audited financial statements$0$0$0
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2005)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$40,988
Program service revenue
Program service revenue 1000000$000$0$35,100
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$5,888
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
200220032004
Total$59,724$28,347$30,170
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$55,235$24,239$25,328
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$4,489$4,108$4,842
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Federal Tax Institute Of New England Inc200 Berkley St, Boston, MA 02116-5022MA1951-11$9
2Committee For A Responsible Federal Budget1899 L Street Nw Suite 400, Washington, DC 20036DC1982-05$7,086,781
3International Tax & Investment CenterCenter, Washington, DC 20006DC1994-03$6,709,430
4Fiscal Policy Institute1 Lear Jet Ln, Latham, NY 12110-2313NY1992-11$784,532
5American Council For Capital Formation Center For Policy Resear1001 Connecticut Ave Nw Ste 620, Washington, DC 20036-5590DC1977-08$783,800
6Arise Citizens Policy ProjectPO BOX 1188, Montgomery, AL 36101-1188AL1998-06$770,357
7The Bond Market Educational Foundation360 Madison Ave Fl 18, New York, NY 10017-7122NY$674,018
8Howard Jarvis Taxpayers Foundation30100 Town Center Dr O314, Laguna Niguel, CA 92677-2064CA1979-10$538,732
9National Tax Limitation Foundation1700 Eureka Rd Ste 150a, Roseville, CA 95661-7777CA1980-06$308,631
10Indiana Fiscal Policy Institute Inc1 American Sq Ste 150, Indianapolis, IN 46282-0037IN1987-09$265,479
11Wall Street Tax Association IncC/Ooconnor Davies Llp 665 Fifth, New York, NY 10022NY1975-04$105,900
12The Senior Center For Health And Security1616 H St Nw Ste 902, Washington, DC 20006-4903DC1995-05$81,000
13Committee On Justice In The 21st Century1307 50th St, West Des Moines, IA 50266IA1979-08$27,707
14Womens Heart FoundationPO BOX 7827, West Trenton, NJ 08628-0827NJ1992-10$26,449
15Alaska Common Ground IncPo Box 241672, Anchorage, AK 99524-1672AK1995-03$0
16Americans For Radio DiversityPO BOX 5175, Hopkins, MN 55343-1175MN1998-11$0
17Denver Capital Leasing Corporation1200 Seventeenth St Ste 1500, Denver, CO 80202-5835CO1996-10$0
18Indian Action Club1101 E 98th St N, Sperry, OK 74073-4105OK1996-08$0
19Tax Payers For Accountable Government64 Starmount Dr, Asheville, NC 28806-3726NC1997-12$0
20Whistle-Blowers IncPO BOX 75600, Washington, DC 20013-0600DC1996-05$0
Number of organizations performing similar types of work
Alaska1
Alabama1
California2
Colorado1
District of Columbia5
Iowa1
Illinois2
Indiana1
Massachusetts1
Minnesota1
Mississippi1
North Carolina1
New Jersey1
New York4
Oklahoma1
Pennsylvania1
Total25

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