Henry Loring Masters Foundation Inc in Medfield, Massachusetts (MA)
Table of contents:
Henry Loring Masters Foundation Inc | |
Employer Identification Number (EIN) | 272479724 |
Name of Organization | Henry Loring Masters Foundation Inc |
In Care of Name | Jeffrey A Masters |
Address | 55 Spring St, Medfield, MA 02052-2413 |
Subsection | Charitable Organization, Educational Organization |
Ruling Date | 01/2011 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $100,000 to $499,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $104,143 |
Amount of Income | $28,945 |
Form 990 Revenue Amount | $28,945 |
National Taxonomy of Exempt Entities (NTEE) | Diseases, Disorders, Medical Disciplines: Specifically Named Diseases |
Non-representatives - add comments:
Amount of income in 2013: $28,945 (it was $33,103 in 2012)
Henry Loring Masters Foundation Inc: | $28,945 |
Other organizations performing similar types of work: | $63,982 |
Assets in 2013: $104,143 (it was $91,871 in 2012)
Henry Loring Masters Foundation Inc: | $104,143 |
Other organizations performing similar types of work: | $27,958 |
Expenses in 2013: $16,673
Henry Loring Masters Foundation Inc: | $16,673 |
Other organizations performing similar types of work: | $40,981 |
Income to expenses ratio in 2013: 1.7
This organization: | 1.7 |
Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 99.9%
Henry Loring Masters Foundation Inc: | 99.9% |
Other organizations performing similar types of work: | 32.7% |
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $18,711 | $33,103 | $28,945 |
Contributions, gifts, grants, and similar amounts received | $18,696 | $33,085 | $28,925 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $15 | $18 | $20 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $0 | $0 | $0 |
Total expenses | $23,736 | $27,260 | $16,673 |
Total net assets | $84,222 | $90,065 | $102,337 |
Excess/Deficit for the year | $-5,025 | $5,843 | $12,272 |
Net assets or fund balances at beginning of year | $89,247 | $84,222 | $90,065 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $90,065 | $102,337 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $86,028 | $91,871 | $104,143 |
Total liabilities | $1,806 | $1,806 | $1,806 |
Net assets or fund balances | $84,222 | $90,065 | $102,337 |
Other Information | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
Were any significant changes made to the organizing or governing documents? | No | No | |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
Has the organization filed a Form 990-T for the year? | No | No | |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
Amount of political expenditures, direct or indirect | $0 | $0 | |
Did the organization file Form 1120-POL for this year? | No | No | |
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | Yes | Yes | |
Total amount involved | $1,806 | $1,806 | |
Initiation fees and capital contributions | $0 | $0 | $0 |
Gross receipts for public use of club facilities | $0 | $0 | $0 |
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
Reason for Public Charity Status (for 2013) | |
The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public Support | $180,726 |
Subtotal Support | $180,726 |
Gifts, grants, contributions, and membership fees received | $180,726 |
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
Total Support | $180,726 |
Public Support | $180,726 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income. Do not include gain or loss from the sale of capital assets | $0 |
Gross receipts from related activities, etc. | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | College Diabetes Network Inc | 350 Lincoln Street Apt No 2400, Hingham, MA 02043 | MA | 2010-11 | $495,899 |
2 | Wake Up Narcolepsy Inc | Po Box 1441, Brookline, MA 02446 | MA | 2009-03 | $405,215 |
3 | North American Society On Thrombosis And Hemostasis Inc | 18 Tremont St Ste 1010, Boston, MA 02108-2316 | MA | 2012-10 | $121,192 |
4 | Livernet Corp | 4 Faneuil Hall Marketplace 3rd Fl, Boston, MA 02109-6120 | MA | 2012-12 | $44,500 |
5 | Henry Loring Masters Foundation Inc | 55 Spring St, Medfield, MA 02052-2413 | MA | 2011-01 | $28,945 |
6 | Ald Connect Inc, Ald Connect | Cny 149 13th St Ste 6401, Charlestown, MA 02129 | MA | 2014-09 | $5,600 |
7 | Fund For Myeloma Education And Research Inc | 77 Booth St, Needham, MA 02494-1454 | MA | 2009-11 | $101 |
8 | Addvantage Institute Inc | 30 Monument Sq # 1031, Concord, MA 01742-1858 | MA | 2002-11 | $0 |
9 | Broken Pancreas Inc | 304 Newbury Street 442, Boston, MA 02115 | MA | 2011-11 | $0 |
10 | Churg Strauss Syndrome Association Inc, Jane Dion Jane Dion | 82 Pine Ridge Rd, Montgomery, MA 01085 | MA | 2005-06 | $0 |
11 | Inspire Hope Foundation For Urea Cycle Disorders Inc | 95 Linda Rd, Braintree, MA 02184 | MA | 2012-05 | $0 |
12 | Institute For Education On Health And Research Inc | 1058 Canton Avenue, Milton, MA 02186 | MA | 2012-06 | $0 |
13 | International Diabetes Organization Inc | 9 Meadowlark Lane, Sharon, MA 02067 | MA | 2009-01 | $0 |
14 | Kids Kount Foundation Inc | 4 Duston Ln, Acton, MA 01720-5756 | MA | 2003-08 | $0 |
15 | Mend Therapeutics Inc | Po Box 48, Shrewsbury, MA 01545 | MA | 2014-07 | $0 |
16 | Michelle P Hurley Foundation | PO BOX 263, Boston, MA 02133-0263 | MA | 1999-01 | $0 |
17 | North American Society For The Study Of Celiac Disease Inc, Nasscd | 148 Linden Street Suite 205a, Wellesley, MA 02482 | MA | 2012-09 | $0 |
18 | Pandas Foundation Inc | 10 Loring Ave, Salem, MA 01970 | MA | 2010-02 | $0 |
19 | Prion Alliance Inc | 270 Dorchester Ave, Boston, MA 02127 | MA | 2012-10 | $0 |
20 | Team Lyons Charitable Association Inc | 89 Needham St Apt 2418, Newton Hlds, MA 02461-1637 | MA | 2010-08 | $0 |
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Total | 886 |
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