Glad Scholarship Award in Hyannis, 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
| Glad Scholarship Award | |
| Employer Identification Number (EIN) | 043111017 |
| Name of Organization | Glad Scholarship Award |
| In Care of Name | Leblanc & Sans Attys |
| Address | PO BOX 1330, Hyannis, MA 02601-1330 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2000 |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $170,786 |
| Amount of Income | $38,051 |
| Form 990 Revenue Amount | $8,716 |
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 | $7,438 | $7,438 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $4,244 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $3,194 | |||
| Total expenses and disbursements | $13,974 | $2,371 | $0 | $11,541 |
| Compensation of officers, directors, trustees, etc. | $2,735 | |||
| Total operating and administrative expenses | $3,599 | $2,371 | $1,166 | |
| Contributions, gifts, grants paid | $10,375 | |||
| Excess of revenue over expenses and disbursements | $-6,536 | |||
| Net investment income | $5,067 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $175,282 | $180,270 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $71,854 | |
| Investments-corporate bonds | $93,894 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $9,534 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $175,282 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,194 |
| 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 | $51 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $51 |
| 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? | Yes |
| 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 | $178,547 |
| Net value of noncharitable-use assets | $175,860 |
| Minimum investment return | $8,793 |
| Distributable Amount (for 2012) | |
| Distributable amount | $8,742 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $8,742 |
| 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 | Girls Incorporated Of Greater Lowell | 220 Worthen St, Lowell, MA 01852-1823 | MA | 1957-12 | $582,838 |
| 2 | Girls Incorporated Of Holyoke | PO BOX 6812, Holyoke, MA 01041-6812 | MA | 1982-05 | $1,133,908 |
| 3 | Girls Incorporated Of Lynn | 50 High St, Lynn, MA 01902-3958 | MA | 1953-04 | $3,170,996 |
| 4 | Girls Incorporated Of Taunton | 131 Arlington St, Taunton, MA 02780-2630 | MA | 1992-08 | $242,531 |
| 5 | Girls Incorporated Of Worcester | 125 Providence St, Worcester, MA 01604-5412 | MA | 1943-03 | $1,727,985 |
| 6 | Gisela B Hogan Charitable Foundation, Snyder Jennifer C Ttee | PO BOX 961019, Boston, MA 02196-1019 | MA | 1999-11 | $2,563,208 |
| 7 | Giving Camp Inc | 111 Edgewood No 211, North Reading, MA 01864 | MA | 2002-10 | $34,169 |
| 8 | Giving Green Inc | 38 Ledyard Rd, Winchester, MA 01890 | MA | 2009-02 | $0 |
| 9 | Giving Tree School Inc | 3 Wood Ave, Gill, MA 01354-9609 | MA | $145,490 | |
| 10 | Giving Trees For Life Inc | PO BOX 24, Southbridge, MA 01550-0024 | MA | 2002-12 | $71,493 |
| 11 | Glad Scholarship Award | PO BOX 1330, Hyannis, MA 02601-1330 | MA | 2000-04 | $38,051 |
| 12 | Gladys Allen Brigham Community Center Inc | 165 East St, Pittsfield, MA 01201-5324 | MA | 1953-05 | $1,525,261 |
| 13 | Gladys Avery Foundation | C/O Charlie Tillett 82 Plain Road, Wayland, MA 01778 | MA | 2001-03 | $315,115 |
| 14 | Gladys Groves Copeland Foundation Inc | 1 Pine Hill Drive, Quincy, MA 02169-7448 | MA | 2004-12 | $35,206 |
| 15 | Glasgow Lands Scottish Festival | PO BOX 86, Blandford, MA 01008-0086 | MA | 1999-12 | $52,505 |
| 16 | Glass Charitable Foundation, Glass Robert I Ttee | Lourie Cutler Pc 60 State Street, Boston, MA 02109 | MA | 1999-04 | $5,917,497 |
| 17 | Glass Molders Pottery Plastics & Allied Workers | 42 Taft Street, Milford, MA 01757 | MA | 1940-10 | $57,460 |
| 18 | The Glass Town Gala Inc | 6 Water Street, Sandwich, MA 02563 | MA | 2005-09 | $93,927 |
| 19 | Gleason Public Library Endowment Fnd | 22 Bedford Rd, Carlisle, MA 01741-1857 | MA | 1986-03 | $18,715 |
| 20 | Glen Urquhart School | 74 Hart St, Beverly, MA 01915-2125 | MA | 1981-06 | $6,428,158 |
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