Franklin Square House in Belmont, 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
| Franklin Square House | |
| Employer Identification Number (EIN) | 042103780 |
| Name of Organization | Franklin Square House |
| Address | P O Box 78037, Belmont, MA 02478 |
| Activities | Other housing activities |
| Subsection | Charitable Organization |
| Ruling Date | 11/1934 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $19,668,872 |
| Amount of Income | $11,198,566 |
| Form 990 Revenue Amount | $1,377,593 |
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 | $1,187,345 | $1,187,345 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,025 | |||
| Dividends and interest from securities | $745,903 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $440,417 | |||
| Total expenses and disbursements | $1,876,541 | $95,659 | $0 | $1,756,087 |
| Compensation of officers, directors, trustees, etc. | $90,000 | |||
| Total operating and administrative expenses | $301,672 | $95,659 | $181,218 | |
| Contributions, gifts, grants paid | $1,574,869 | |||
| Excess of revenue over expenses and disbursements | $-689,196 | |||
| Net investment income | $1,091,686 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $19,235,280 | $21,695,191 |
| Cash - non-interest-bearing | $104,711 | |
| Investments-U.S. and state government obligations | $4,532,719 | |
| Investments-corporate stock | $10,959,180 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $3,256,687 | |
| Other | $381,983 | |
| Total liabilities | $15,275 | |
| Mortgages and other notes payable | $0 | |
| Other | $15,275 | |
| Total liabilities and net assets/fund balances | $19,220,005 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $440,417 |
| 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 | $10,917 |
| Total credits and payments | $25,640 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $25,640 |
| 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 | $14,723 |
| Amount to be credited to 2013 estimated tax | $14,723 |
| 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 | $21,604,580 |
| Net value of noncharitable-use assets | $21,280,520 |
| Minimum investment return | $1,064,026 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,053,109 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,053,109 |
| 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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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Franklin Library Association | 430 Franklin Vllg Dr Pmb 300, Franklin, MA 02038-4007 | MA | 1968-07 | $440,245 |
| 2 | Franklin Music Boosters Inc | PO BOX 492, Franklin, MA 02038-0492 | MA | 1997-05 | $168,599 |
| 3 | Franklin N Flaschner Judicial Institute Inc | One Pemberton Sq Ste 4300 John Adam, Boston, MA 02108-1706 | MA | 1978-07 | $621,561 |
| 4 | Franklin Park Coalition Inc | PO BOX 302333, Boston, MA 02130-0020 | MA | 1980-10 | $249,044 |
| 5 | Franklin Park Development Tenants Association, Terry Emma L | 246 Humboldt Ave, Dorchester, MA 02121-2308 | MA | 1995-09 | $146,058 |
| 6 | Franklin Park Golf Guardians Inc | 1 Circuit Dr, Dorchester, MA 02121-3253 | MA | 1997-09 | $29,217 |
| 7 | Franklin Police Association, 355 | 911 Panther Way, Franklin, MA 02038-2982 | MA | 2002-05 | $58,585 |
| 8 | Franklin Rod & Gun Club Inc Uncas Pond | 53 Florence St, Franklin, MA 02038-3510 | MA | 1945-08 | $129,928 |
| 9 | Franklin School Parent Teacher Organization Incorporated, Franklin School | 2 Cypress Ter, North Andover, MA 01845-5252 | MA | 2000-10 | $87,242 |
| 10 | Franklin School Parents And Teachers Association Inc | 125 Derby St, Newton, MA 02465-1555 | MA | 2004-04 | $77,402 |
| 11 | Franklin Square House | P O Box 78037, Belmont, MA 02478 | MA | 1934-11 | $11,198,566 |
| 12 | Franklin Square House Day Care Center Inc | 1575 Tremont St, Boston, MA 02120-1677 | MA | 1990-02 | $491,653 |
| 13 | Franklin Youth Hockey Association | PO BOX 71, Franklin, MA 02038-0071 | MA | 1992-06 | $494,625 |
| 14 | Franklin Youth Soccer Association | PO BOX 525, Franklin, MA 02038-0525 | MA | 1991-08 | $210,988 |
| 15 | Fraser Family Foundation Inc | 101 Federal St Fl 14, Boston, MA 02110-1859 | MA | $96,174 | |
| 16 | Frasers Family Day Care Corporation | 75 Bedford St, Burlington, MA 01803-3660 | MA | 1985-01 | $64,001 |
| 17 | Fraternal Order Of Eagles, 148 Aerie | 530 Saint James Ave, Springfield, MA 01109-3832 | MA | 1991-08 | $192,953 |
| 18 | Fraternal Order Of Eagles, 1928 Aerie | PO BOX 70, Watertown, MA 02471-0070 | MA | 1991-08 | $143,722 |
| 19 | Fraternal Order Of Eagles, 2758 Aerie | 52 State St, Shelburne Fls, MA 01370-1019 | MA | 1991-08 | $243,323 |
| 20 | Fraternal Order Of Eagles, 2899 Aerie | 1338 Washington St, Weymouth, MA 02189-2334 | MA | 1991-08 | $384,889 |
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