Hart Foundation in Worcester, 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
| Hart Foundation | |
| Employer Identification Number (EIN) | 042775692 |
| Name of Organization | Hart Foundation |
| In Care of Name | Phillips S Davis |
| Address | 370 Main St 12th Fl 1250, Worcester, MA 01608-1723 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $459,600 |
| Amount of Income | $64,428 |
| Form 990 Revenue Amount | $16,236 |
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 | $30,375 | $28,375 | $0 | |
| Contributions, gifts, grants, etc., received | $2,000 | |||
| Interest on savings and temporary cash investments | $1 | |||
| Dividends and interest from securities | $14,455 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $13,919 | |||
| Total expenses and disbursements | $24,355 | $1,100 | $0 | $23,100 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,355 | $1,100 | $1,100 | |
| Contributions, gifts, grants paid | $22,000 | |||
| Excess of revenue over expenses and disbursements | $6,020 | |||
| Net investment income | $27,275 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $452,582 | $510,967 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $450,166 | |
| Other | $2,416 | |
| Total liabilities | $10,000 | |
| Mortgages and other notes payable | $0 | |
| Other | $10,000 | |
| Total liabilities and net assets/fund balances | $442,582 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $13,919 |
| 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 | $546 |
| Total credits and payments | $507 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $507 |
| 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 | $39 |
| 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? | 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 | $515,600 |
| Net value of noncharitable-use assets | $507,860 |
| Minimum investment return | $25,393 |
| Distributable Amount (for 2012) | |
| Distributable amount | $24,847 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $24,847 |
| 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 | Harrow Corporation | 1033 Massachusetts Avenue Third, Cambridge, MA 02138 | MA | 1998-12 | $7,940,744 |
| 2 | Harry & Ida B Sher Charitable Foundation | 28 Gralynn Rd, Newton, MA 02459-1311 | MA | 1964-07 | $373 |
| 3 | Harry & Ida Wise Family Fund | 511 Medford St, Charlestown, MA 02129-1419 | MA | 1951-03 | $14,572 |
| 4 | Harry Agganis Team Fund | 70 Somerset Ave, Winthrop, MA 02152-2943 | MA | 1998-11 | $0 |
| 5 | Harry C Barron Charitable Foundation | 44 Phillips Beach Ave, Swampscott, MA 01907-2419 | MA | 1994-03 | $88,901 |
| 6 | Harry Doehla Foundation Inc | 370 Main St, Worcester, MA 01608-1723 | MA | 1953-01 | $48 |
| 7 | Harry H Dow Memorial Legal Assistance Fund | PO BOX 6204, Boston, MA 02114 | MA | 1985-10 | $68,569 |
| 8 | Harry L Bradley Jr Charitable Fund | 1 Intl Pl 32nd Fl, Boston, MA 02110 | MA | 1982-02 | $40,517,813 |
| 9 | Harry W And Jo-Ann D Wallace Foundation | Sullivan Sorgi Dimmock Llp6 Beacon, Boston, MA 02108 | MA | 1996-05 | $43 |
| 10 | Harry W Hoffman Family Foundation | 23 Larason Farm Rd, Sharon, MA 02067-1368 | MA | 1971-06 | $2,261 |
| 11 | Hart Foundation | 370 Main St 12th Fl 1250, Worcester, MA 01608-1723 | MA | 1983-03 | $64,428 |
| 12 | Hart Masconomet Foundation, Paul J Hart | 12 Wenham Rd, Topsfield, MA 01983-2508 | MA | 2000-08 | $148 |
| 13 | Hart Ministries Inc | 61 Quarry St, Gloucester, MA 01930 | MA | 2007-04 | $0 |
| 14 | Harter Family Charitable Foundation | 16 Arlington St, Cambridge, MA 02140-2713 | MA | 2000-12 | $418,907 |
| 15 | Hartland Foundation Inc | 101 Federal St Ste 3, Boston, MA 02110-1871 | MA | 2004-07 | $136,318 |
| 16 | Hartsprings Foundation Inc | 101 State St Ste 204, Springfield, MA 01103-2066 | MA | 1998-02 | $2,063,383 |
| 17 | Harvard Band Foundation Inc | PO BOX 381428, Cambridge, MA 02238-1428 | MA | 1985-02 | $58,629 |
| 18 | Harvard Boy Scouts Inc, Troop 1 | PO BOX 346, Harvard, MA 01451-0346 | MA | 2009-03 | $51,797 |
| 19 | Harvard Business School Association Of Boston | 1072 Brook Rd, Milton, MA 02186-4103 | MA | 1964-11 | $275,311 |
| 20 | Harvard Business School Class Of 1982 Association, Hbs Class Of '82 | 2 Arthur Ave, Marblehead, MA 01945 | MA | 1993-04 | $86 |
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