Frank C & Christel W Nichols Ch Fd in Boston, 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
- Organizations performing similar types of work
| Frank C & Christel W Nichols Ch Fd | |
| Employer Identification Number (EIN) | 046007299 |
| Name of Organization | Frank C & Christel W Nichols Ch Fd |
| In Care of Name | Fiduc Tr Co Tt |
| Address | PO BOX 55806, Boston, MA 02205-5806 |
| Activities | Museum, zoo, planetarium, etc., Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1985 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,500,324 |
| Amount of Income | $1,975,474 |
| Form 990 Revenue Amount | $307,745 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $1,975,474 (it was $2,186,248 in 2012)
| Frank C & Christel W Nichols Ch Fd: | $1,975,474 |
| Other organizations performing similar types of work: | $346,091 |
Assets in 2013: $5,500,324 (it was $5,420,366 in 2012)
| Frank C & Christel W Nichols Ch Fd: | $5,500,324 |
| Other organizations performing similar types of work: | $473,803 |
Expenses in 2012: $298,707
| Frank C & Christel W Nichols Ch Fd: | $298,707 |
| Other organizations performing similar types of work: | $165,127 |
Income to expenses ratio in 2012: 6.6
| Frank C & Christel W Nichols Ch Fd: | 6.6 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 60.1% |
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 | $244,789 | $230,170 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $90,653 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $54,261 | |||
| Other | $99,875 | |||
| Total expenses and disbursements | $298,707 | $62,554 | $0 | $262,920 |
| Compensation of officers, directors, trustees, etc. | $35,787 | |||
| Total operating and administrative expenses | $38,707 | $62,554 | $2,920 | |
| Contributions, gifts, grants paid | $260,000 | |||
| Excess of revenue over expenses and disbursements | $-53,918 | |||
| Net investment income | $167,616 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,420,366 | $5,848,320 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $688,014 | |
| Investments-corporate bonds | $50,000 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $4,651,493 | |
| Other | $30,859 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $5,420,366 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $99,875 |
| 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 | $1,676 |
| Total credits and payments | $6,700 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $4,200 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $2,500 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $5,024 |
| Amount to be credited to 2013 estimated tax | $1,676 |
| 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 | $5,779,798 |
| Net value of noncharitable-use assets | $5,693,100 |
| Minimum investment return | $284,655 |
| Distributable Amount (for 2012) | |
| Distributable amount | $282,979 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $282,979 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $263,692 |
| 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 | $0 | $0 | $0 |
| 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 | $0 | $0 | $0 |
| 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 | $0 |
| Unrelated business taxable income before net operating loss deduction | $0 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $0 |
| Specific deduction | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tobin Endowment Tr, Bugg J Bruce Jr Ttee | PO BOX 90869, San Antonio, TX 78209-9092 | TX | 1999-09 | $48,802,146 |
| 2 | United Performing Arts Fund Inc | 301 W Wisconsin Ave Ste 600, Milwaukee, WI 53203-2232 | WI | 1967-03 | $12,569,371 |
| 3 | New England Foundation For The Arts Inc | 145 Tremont St Fl 7, Boston, MA 02111-1214 | MA | 1976-09 | $12,198,150 |
| 4 | United Arts Of Central Florida Inc | 2450 Maitland Center Pkwy Ste 201, Maitland, FL 32751-4140 | FL | 1967-09 | $6,400,093 |
| 5 | Virginia Foundation For The Humanities And Public Policy | 145 Ednam Dr, Charlottesvle, VA 22903-4629 | VA | 1989-01 | $4,936,095 |
| 6 | Frank C & Christel W Nichols Ch Fd | PO BOX 55806, Boston, MA 02205-5806 | MA | 1985-02 | $1,975,474 |
| 7 | Scottsdale League For The Arts | 7309 E Evans Rd, Scottsdale, AZ 85260-3101 | AZ | 1981-08 | $1,095,604 |
| 8 | Walton Arts Center Foundation Inc | PO BOX 3547, Fayetteville, AR 72702-3547 | AR | 1988-08 | $659,475 |
| 9 | Veterans Fund Inc | 1390 Columbia Ave 210, Lancaster, PA 17603-4743 | PA | 1999-02 | $437,094 |
| 10 | Viennese Opera Ball | 575 Madison Avenue 10th Floor, New York, NY 10022-2511 | NY | 1994-09 | $373,860 |
| 11 | Moorpark Foundation For The Arts | PO BOX 157, Moorpark, CA 93020-0157 | CA | 2009-08 | $367,267 |
| 12 | Tennessee Fox Trot Carousel, National Bank Of Commerce | 4525 Harding Pike, Nashville, TN 37205-2119 | TN | 1997-04 | $351,596 |
| 13 | The James A Doolittle Foundation | 1888 Century Park E Ste 4th Fl, Los Angeles, CA 90067-1702 | CA | 1955-03 | $346,091 |
| 14 | William Inge Festival Foundation | PO BOX 747, Independence, KS 67301-0747 | KS | 1993-03 | $283,643 |
| 15 | Rural America Arts Partnership | 412 W Broadway, Plainview, MN 55964-1237 | MN | 1999-02 | $138,604 |
| 16 | The Talons | 8601 Hageman Rd, Bakersfield, CA 93312-3957 | CA | 1994-12 | $66,901 |
| 17 | Black And Blues Massachusetts Lawmens Association | 532 West Main St, Avon, MA 02322 | MA | 2000-05 | $57,915 |
| 18 | Friends Of Armenian Culture Soc Inc 58 Rutledge Rd | PO BOX 87, Belmont, MA 02478-0002 | MA | 1963-09 | $37,380 |
| 19 | Utah Museums Association Inc | PO BOX 2077, Salt Lake Cty, UT 84110-2077 | UT | 1986-10 | $31,000 |
| 20 | Royal Conservatory Of Music Foundation | 200 Delaware Ave Ste 900, Buffalo, NY 14202-2107 | NY | 1996-02 | $10,462 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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