Frank R And Elizabeth Simoni Foundation Inc, Macdonald Robert B Jr Ttee in Canton, 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
- Other organizations in Massachusetts
| Frank R And Elizabeth Simoni Foundation Inc, Macdonald Robert B Jr Ttee | |
| Employer Identification Number (EIN) | 043109508 |
| Name of Organization | Frank R And Elizabeth Simoni Foundation Inc |
| Secondary Name | Macdonald Robert B Jr Ttee |
| In Care of Name | Victor Coletti |
| Address | 29 Palmer Dr, Canton, MA 02021-1828 |
| Activities | Gifts, grants, or loans to other organizations, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 12/1991 |
| 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 | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,007,067 |
| Amount of Income | $1,250,328 |
| Form 990 Revenue Amount | $210,335 |
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 | $210,832 | $153,200 | $0 | |
| Contributions, gifts, grants, etc., received | $50,000 | |||
| Interest on savings and temporary cash investments | $81 | |||
| Dividends and interest from securities | $105,049 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $55,702 | |||
| Total expenses and disbursements | $183,166 | $22,016 | $0 | $161,150 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $22,016 | $22,016 | $0 | |
| Contributions, gifts, grants paid | $161,150 | |||
| Excess of revenue over expenses and disbursements | $27,666 | |||
| Net investment income | $131,184 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,900,618 | $2,900,618 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $472,847 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $931,295 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,175,907 | |
| Other | $320,569 | |
| Total liabilities | $750 | |
| Mortgages and other notes payable | $0 | |
| Other | $750 | |
| Total liabilities and net assets/fund balances | $2,899,868 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $55,702 |
| 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 | $1,312 |
| Total credits and payments | $2,480 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,480 |
| 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 | $1,168 |
| Amount to be credited to 2013 estimated tax | $1,168 |
| 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 | $3,603,348 |
| Net value of noncharitable-use assets | $3,549,300 |
| Minimum investment return | $177,465 |
| Distributable Amount (for 2012) | |
| Distributable amount | $176,153 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $176,153 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $176,137 |
| 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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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Frank And Ruby Cousins Memorial Scholarship Foundation Inc | 246 High St, Newburyport, MA 01950-3827 | MA | 2009-05 | $60 |
| 2 | Frank B Gordon Foundation | 330 Beacon Street No B164, Boston, MA 02116 | MA | 1957-03 | $1 |
| 3 | Frank B Mazer Foundation, Mazer Frank B Ttee | 10 Saville St, Cambridge, MA 02138-1310 | MA | 1998-11 | $115,760 |
| 4 | Frank C Taylor & Helen M Taylor Educational Fund | 13 Ventura Dr, N Dartmouth, MA 02747-1244 | MA | 1964-06 | $2,477 |
| 5 | Frank Citrone Research Fund | 76 Winter Street, Norwood, MA 02062 | MA | 2008-10 | $0 |
| 6 | Frank Gerrity Charitable Tr | 59 Cramond Rd, Brookline, MA 02467-2830 | MA | 1968-10 | $328,743 |
| 7 | Frank Gillis Charitable Tr | 273 Prospect St, Framingham, MA 01701-4828 | MA | 2007-03 | $1 |
| 8 | Frank Huntington Beebe Fund For Musicians | 45 School St Fl 5, Boston, MA 02108-3207 | MA | 1946-12 | $483,463 |
| 9 | Frank M Lewis Conservation Fund | C/O John Lewis 97 Newbury Street, Boston, MA 02116 | MA | 1990-04 | $1 |
| 10 | Frank Newhall Look Memorial Park Inc | 300 N Main St, Florence, MA 01062-1223 | MA | 2002-04 | $4,721,040 |
| 11 | Frank R And Elizabeth Simoni Foundation Inc, Macdonald Robert B Jr Ttee | 29 Palmer Dr, Canton, MA 02021-1828 | MA | 1991-12 | $1,250,328 |
| 12 | Frank W Holas Charitable Trust | 107 Independence Ln, Ashland, MA 01721-3025 | MA | 1987-03 | $149,595 |
| 13 | Frank W Lowe Trust Uw For Free Beds In Hospitals | 605 Broadway St, Saugus, MA 01906-3200 | MA | 1972-07 | $11,797 |
| 14 | Franklin Area Survival Center Inc | 96 4th St, Turners Falls, MA 01376-1307 | MA | 1983-02 | $152,988 |
| 15 | Franklin Baseball Softball Organization | PO BOX 40, Franklin, MA 02038-0040 | MA | 2002-05 | $157,303 |
| 16 | Franklin Basketball Association | 8 Mary Ellen Ln, Franklin, MA 02038-2789 | MA | 2005-02 | $83,265 |
| 17 | Franklin Cemetery Association | 17 Dante Ave, Franklin, MA 02038 | MA | 1943-10 | $83,832 |
| 18 | Franklin Childrens School Inc | 900 Chestnut St, Franklin, MA 02038-1272 | MA | 1978-01 | $369,749 |
| 19 | Franklin Country Club Inc | 672 E Central St, Franklin, MA 02038-1362 | MA | 1969-05 | $4,273,597 |
| 20 | Franklin County Agricultural Society Inc | PO BOX 564, Greenfield, MA 01302-0564 | MA | 1983-09 | $351,800 |
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