General Charitable Society Of Newburyport in Newburyport, 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
| General Charitable Society Of Newburyport | |
| Employer Identification Number (EIN) | 042589680 |
| Name of Organization | General Charitable Society Of Newburyport |
| In Care of Name | Mary Cooper |
| Address | PO BOX 365, Newburyport, MA 01950-0465 |
| Activities | Supplying money, goods or services to the poor, Gifts, grants, or loans to other organizations, Other student aid |
| Subsection | Charitable Organization |
| Ruling Date | 03/1977 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2014 |
| 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 | $1,146,869 |
| Amount of Income | $410,552 |
| Form 990 Revenue Amount | $56,376 |
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 | $63,311 | $35,807 | $35,807 | |
| Contributions, gifts, grants, etc., received | $3,068 | |||
| Interest on savings and temporary cash investments | $4,441 | |||
| Dividends and interest from securities | $31,366 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $24,436 | |||
| Total expenses and disbursements | $51,457 | $23,554 | $23,554 | $37,183 |
| Compensation of officers, directors, trustees, etc. | $11,600 | |||
| Total operating and administrative expenses | $23,554 | $23,554 | $9,280 | |
| Contributions, gifts, grants paid | $27,903 | |||
| Excess of revenue over expenses and disbursements | $11,854 | |||
| Net investment income | $12,253 | |||
| Adjusted net income | $12,253 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,068,585 | $1,068,585 |
| Cash - non-interest-bearing | $22,626 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $176,048 | |
| Investments-corporate bonds | $800,887 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $69,024 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,068,585 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $24,436 |
| 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 | $245 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $245 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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? | Yes |
| 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 | $1,036,748 |
| Net value of noncharitable-use assets | $1,021,200 |
| Minimum investment return | $51,060 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $12,253 | $4,786 | $1,205 | $13,371 | $31,615 |
| Qualifying distributions made directly for active conduct of exempt activities | $37,183 | $32,585 | $31,679 | $25,254 | $126,701 |
| Value of all assets | $1,036,748 | $1,041,637 | $971,262 | $855,069 | $3,904,716 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $1,036,748 | $1,041,637 | $972,262 | $855,096 | $3,905,743 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Gbio Nehemiah Homes Tr, Sharpe Wayne Ttee | 594 Columbia Rd Ste 402, Dorchester, MA 02125-3436 | MA | 2003-12 | $112,807 |
| 2 | Gbl Foundation Inc | 58 Leslie Rd, Waltham, MA 02451-1325 | MA | 2007-03 | $3,104,049 |
| 3 | Geaa | 303 Crane Ave, Pittsfield, MA 01201-1701 | MA | 1944-07 | $249,407 |
| 4 | Gebelein Foundation | 261 Whistleberry Dr, Marstons Mls, MA 02648-1447 | MA | 1949-09 | $7,639 |
| 5 | Gec-Us Employees Benefit Trust | PO BOX 5100, Boston, MA 02206-5100 | MA | 1991-12 | $53 |
| 6 | Gecko Productions Inc | PO BOX 573, Woods Hole, MA 02543-0573 | MA | 1996-12 | $6,457 |
| 7 | Gems Of Hope Usa Inc C/O Leah Taylor Roy | 49 Margin St, Cohasset, MA 02025-1834 | MA | 1997-01 | $5,010 |
| 8 | Gendler Family Foundation, Gendler Everett & Mary Et Al Ttees | 264 Monument Valley Road, Great Barrington, MA 01230 | MA | 1997-12 | $35,982 |
| 9 | General Breed Fund | 133 Kendrick Rd, Harwich, MA 02645-1559 | MA | 1970-06 | $47,494 |
| 10 | General Charitable Fund Inc | 100 Erdman Way, Leominster, MA 01453-1804 | MA | 1960-08 | $39,190 |
| 11 | General Charitable Society Of Newburyport | PO BOX 365, Newburyport, MA 01950-0465 | MA | 1977-03 | $410,552 |
| 12 | General Electric Apprentice Alumni Assoc | 1000 Western Ave 646m2, Lynn, MA 01910-0001 | MA | 1957-08 | $12,803 |
| 13 | General Electric Company Empls Good Neighbor Fund Of The River Works | 1000 Western Avenue 34036, Lynn, MA 01910-0001 | MA | 1955-10 | $266,541 |
| 14 | River Works Credit Union | 947 Western Ave, Lynn, MA 01905-2640 | MA | 1945-05 | $4,811,426 |
| 15 | General Federation Of Womens Clubs Of Massachusetts Inc | 1 Pleasant Bay Court, Harwich, MA 02645 | MA | 1971-07 | $25,311 |
| 16 | Belmont Womans Club | 661 Pleasant St, Belmont, MA 02478-1519 | MA | 2011-02 | $29,058 |
| 17 | General Federation Of Womens Clubs Of Massachusetts Inc | Po Box 421, Westwood, MA 02090 | MA | 1971-07 | $0 |
| 18 | General Federation Of Womens Clubs Of Massachusetts Inc, Hopkinton Womens Club | 27 Cedarview Cir, Milford, MA 01757-4603 | MA | 1971-07 | $49,703 |
| 19 | General Federation Of Womens Clubs Of Massachusetts Inc, League Of Women Community Service | 558 Massachusetts Ave, Boston, MA 02118-1402 | MA | 1971-07 | $49,657 |
| 20 | General Federation Of Womens Clubs Of Massachusetts Inc, Millbury Womans Club Inc | PO BOX 384, Millbury, MA 01527-0384 | MA | 1971-07 | $16,430 |
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