Florence Savings Charitable Fndn Inc in Florence, 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
Florence Savings Charitable Fndn Inc | |
Employer Identification Number (EIN) | 043422869 |
Name of Organization | Florence Savings Charitable Fndn Inc |
In Care of Name | Sarah Darling |
Address | 85 Main St, Florence, MA 01062-1400 |
Activities | Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 07/1998 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $1,000,000 to $4,999,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $1,420,405 |
Amount of Income | $275,734 |
Form 990 Revenue Amount | $57,019 |
National Taxonomy of Exempt Entities (NTEE) | Crime, Legal-Related: Crime Prevention (Not Elsewhere Classified) |
Non-representatives - add comments:
Amount of income in 2013: $275,734 (it was $119,755 in 2012)
This organization: | $275,734 |
Other organizations performing similar types of work: | $91,877 |
Assets in 2013: $1,420,405 (it was $1,487,193 in 2012)
This organization: | $1,420,405 |
Other organizations performing similar types of work: | $144,828 |
Expenses in 2012: $69,813
Florence Savings Charitable Fndn Inc: | $69,813 |
Other organizations performing similar types of work: | $77,652 |
Income to expenses ratio in 2012: 3.9
This organization: | 3.9 |
Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2012: 0.0%
Florence Savings Charitable Fndn Inc: | 0.0% |
Other organizations performing similar types of work: | 99.9% |
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 | $71,656 | $71,656 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $71,639 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $17 | |||
Total expenses and disbursements | $69,813 | $5,273 | $0 | $64,540 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $9,813 | $5,273 | $4,540 | |
Contributions, gifts, grants paid | $60,000 | |||
Excess of revenue over expenses and disbursements | $1,843 | |||
Net investment income | $66,383 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $1,487,193 | $1,487,193 |
Cash - non-interest-bearing | $19,659 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $1,463,179 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $4,355 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $1,487,193 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $17 |
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 | $1,328 |
Total credits and payments | $1,410 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,410 |
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 | $82 |
Amount to be credited to 2013 estimated tax | $82 |
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 | $1,445,444 |
Net value of noncharitable-use assets | $1,423,760 |
Minimum investment return | $71,188 |
Distributable Amount (for 2012) | |
Distributable amount | $69,860 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $69,860 |
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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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Vera Institute Of Justice Inc | 233 Broadway Fl 12, New York, NY 10279-1299 | NY | 1962-10 | $47,504,519 |
2 | The V Foundation | 106 Towerview Ct, Cary, NC 27513-3595 | NC | 1993-06 | $43,620,118 |
3 | Specialized Alternatives For Families And Youth Of So Carolina | 606 Dutch Square Blvd Ste 205 Bldgc, Columbia, SC 29210 | SC | 1992-03 | $4,944,160 |
4 | New England State Police Information Network Inc | 124 Grove Street, Franklin, MA 02038-3156 | MA | 1992-11 | $3,546,643 |
5 | Safe City Commission | 1100 Hemphill St, Fort Worth, TX 76104-4666 | TX | 1997-03 | $2,886,420 |
6 | Woodcrest Foundation Tr 060298, Fisher Robert W Ttee | 3595 Hiram-Douglasville Highway, Hiram, GA 30141-4961 | GA | 1998-08 | $2,464,614 |
7 | Just Detention International Inc | 3325 Wilshire Blvd Ste 340, Los Angeles, CA 90010-1734 | CA | 1997-03 | $2,208,683 |
8 | Radley Family Foundation, Radley James Ttee | 255 Country Club Rd, Dedham, MA 02026-5635 | MA | 1998-05 | $939,190 |
9 | Rosser Charitable Tr, Rosser Harold O Iii Et Al Ttees | C/O Harold O Rosser Ii, Naples, FL 34105 | FL | 1997-11 | $918,058 |
10 | Shirley Shattuck Windsor Charitable Tr Ua 121697 15012344, Ballou Frederick D Et Al Ttee | Lwc 230 Congress Street 12fl, Boston, MA 02110 | MA | 1998-05 | $701,829 |
11 | Stein Family Foundation Inc | 57 Moonpenny Ln, East Falmouth, MA 02536-7034 | MA | 1998-08 | $480,257 |
12 | Northeastern Massachusetts Law Enforcement Council Inc | 314 Main St Ste 205, Wilmington, MA 01887-2747 | MA | 1987-02 | $385,541 |
13 | Florence Savings Charitable Fndn Inc | 85 Main St, Florence, MA 01062-1400 | MA | 1998-07 | $275,734 |
14 | Marthas Vineyard Multisport Inc | PO BOX 1932, Vineyard Hvn, MA 02568-0912 | MA | 1994-06 | $48,133 |
15 | Walpole Technology & Innovation Foundation Inc | C/O Joel M Stoller 45 Irving Dr, Walpole, MA 02081 | MA | 1993-09 | $46,598 |
16 | Wellfleet Police Relief Association Inc | 36 Gross Hill Rd, Wellfleet, MA 02667-7755 | MA | 1993-12 | $22,292 |
17 | Truro Police Association Inc | PO BOX 808, Truro, MA 02666-0808 | MA | 1994-06 | $21,718 |
18 | Chelsea National Night Out Committee | 10 Forsyth St Apt 305, Chelsea, MA 02150-2017 | MA | 1995-10 | $0 |
19 | For Our Childrens Sake | 132 Lakeview Ave, Haverhill, MA 01830-2716 | MA | 1996-06 | $0 |
20 | Neighborhood Justice Network | 294 Washington St Ste 411, Boston, MA 02108-4618 | MA | 1986-08 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 383 |
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