Fletcher Foundation in Worcester, 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Massachusetts
| Fletcher Foundation | |
| Employer Identification Number (EIN) | 046470890 |
| Name of Organization | Fletcher Foundation |
| In Care of Name | Fletcher Tilton & Whipple Pc |
| Address | 370 Main St 12th Flr 1250, Worcester, MA 01608-1723 |
| Subsection | Charitable Organization |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $18,167,654 |
| Amount of Income | $3,392,462 |
| Form 990 Revenue Amount | $971,849 |
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 | $1,170,435 | $1,133,468 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $217 | |||
| Dividends and interest from securities | $905,550 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $15,663 | |||
| Other | $249,005 | |||
| Total expenses and disbursements | $1,539,926 | $77,744 | $0 | $1,389,759 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $222,796 | $77,744 | $72,629 | |
| Contributions, gifts, grants paid | $1,317,130 | |||
| Excess of revenue over expenses and disbursements | $-369,491 | |||
| Net investment income | $1,055,724 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $18,856,651 | $27,296,064 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $12,104,134 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $4,243,144 | |
| Other | $2,509,373 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $18,856,651 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $249,005 |
| 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 | $10,557 |
| Total credits and payments | $14,542 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $8,542 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $6,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $3,958 |
| Amount to be credited to 2013 estimated tax | $3,958 |
| 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 | $27,799,528 |
| Net value of noncharitable-use assets | $27,382,540 |
| Minimum investment return | $1,369,127 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,358,570 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,358,570 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $35,424 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $70,299 | $0 | $70,299 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $70,299 | $17 | $70,299 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $70,299 |
| Unrelated business taxable income before net operating loss deduction | $70,299 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $70,299 |
| Specific deduction | $1,000 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Catholic Press Of The Fall River Diocese | PO BOX 7, Fall River, MA 02722-0007 | MA | 1981-09 | $0 |
| 2 | Catholic Purchasing Services Inc | 580 Washington St, Newton, MA 02458-1418 | MA | 1946-03 | $0 |
| 3 | Cistercians Of The Strict Observance In Massachusetts Inc, Mount St Marys Abbey | 300 Arnold St, Wrentham, MA 02093-1700 | MA | 1946-03 | $0 |
| 4 | Dana-Farber Inc | 450 Brookline Ave Bp418, Boston, MA 02215-5418 | MA | 1991-05 | $135,463,407 |
| 5 | Dibner Charitable Trust Ofmassachusetts | 151 Laurel Rd, Chestnut Hill, MA 02467-2210 | MA | 2007-01 | $8,680,548 |
| 6 | Espousal Retreat Center Inc | 554 Lexington St, Waltham, MA 02452-3029 | MA | 1946-03 | $0 |
| 7 | Faculty Practice Foundation Inc, Boston Univ Mallory Pathology Assoc | 670 Albany St Ste 3, Boston, MA 02118-2653 | MA | 1997-05 | $0 |
| 8 | First Baptist Church, 3395 | 594 Washington St, Braintree, MA 02184-5638 | MA | 1955-04 | $0 |
| 9 | First Church Of Christ Scientist | 210 Massachusetts Ave Po5 10, Boston, MA 02115-3012 | MA | 1936-05 | $0 |
| 10 | Fitchburg State University Foundation Inc | 160 Pearl St, Fitchburg, MA 01420-2631 | MA | 1979-04 | $4,065,275 |
| 11 | Fletcher Foundation | 370 Main St 12th Flr 1250, Worcester, MA 01608-1723 | MA | $3,392,462 | |
| 12 | Grace Chapel Inc | 3 Militia Drive, Lexington, MA 02421-4739 | MA | 1964-12 | $0 |
| 13 | Grace Slavic Pentecostal Church | 5 Meadow St, Chicopee, MA 01013-2714 | MA | 2003-10 | $0 |
| 14 | Guardian Foundation Inc, Lighthouse Of Revere Inc | 204 Proctor Ave, Revere, MA 02151-4923 | MA | $0 | |
| 15 | Quaside Inc | 204 Proctor Avenue, Revere, MA 02151 | MA | 2010-06 | $16,048,780 |
| 16 | Healing Abuse Working For Change Inc | 27 Congress Street, Salem, MA 01970-7309 | MA | 1978-11 | $1,521,926 |
| 17 | Iranian Association Of Boston Inc | 17 Nichols Ave, Watertown, MA 02472-4125 | MA | 1989-05 | $161,294 |
| 18 | Jubilee Christian Church International Inc | 1500 Blue Hill Ave, Boston, MA 02126-1746 | MA | 1960-07 | $0 |
| 19 | Lenox Charitable Fund Inc | 15 Lenox St, Springfield, MA 01108-2666 | MA | 1988-12 | $127,514 |
| 20 | North Adams Historical Society Inc | Po Box 333, North Adams, MA 01247 | MA | 1981-05 | $0 |
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