Howard & Robin Reisman Charitable Trust, Reisman Howard Ttee in Braintree, 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
| Howard & Robin Reisman Charitable Trust, Reisman Howard Ttee | |
| Employer Identification Number (EIN) | 046965548 |
| Name of Organization | Howard & Robin Reisman Charitable Trust |
| Secondary Name | Reisman Howard Ttee |
| Address | 165 Bay State Dr, Braintree, MA 02184-5203 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,321,383 |
| Amount of Income | $4,701,967 |
| Form 990 Revenue Amount | $571,684 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
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 | $308,621 | $309,500 | $161,676 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $37,212 | |||
| Dividends and interest from securities | $124,464 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-41,122 | |||
| Other | $188,067 | |||
| Total expenses and disbursements | $278,891 | $66,723 | $0 | $211,962 |
| Compensation of officers, directors, trustees, etc. | $60,000 | |||
| Total operating and administrative expenses | $66,929 | $66,723 | $0 | |
| Contributions, gifts, grants paid | $211,962 | |||
| Excess of revenue over expenses and disbursements | $29,730 | |||
| Net investment income | $242,777 | |||
| Adjusted net income | $161,676 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,392,042 | $5,908,715 |
| Cash - non-interest-bearing | $158,349 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $4,233,693 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $4,392,042 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $188,067 |
| 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 | $2,428 |
| Total credits and payments | $6,930 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $6,930 |
| 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 | $4,502 |
| Amount to be credited to 2013 estimated tax | $4,502 |
| 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 | $5,878,714 |
| Net value of noncharitable-use assets | $5,790,540 |
| Minimum investment return | $289,527 |
| Distributable Amount (for 2012) | |
| Distributable amount | $287,099 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $287,099 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $72,450 |
| 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 | Housing Families Inc | 354 Cross St, Malden, MA 02148-7940 | MA | 1987-03 | $3,665,999 |
| 2 | Housing For All Corporation | 82 School St, Hyannis, MA 02601-3118 | MA | 1989-03 | $1,555,347 |
| 3 | Housing For Independent Living Incorporated | 169 Summer St, Kingston, MA 02364-1220 | MA | 1979-07 | $965,959 |
| 4 | Housing For Rockdale Elders Inc | 205 School Street, Gardner, MA 01440-2781 | MA | 1983-09 | $459,589 |
| 5 | Housing Land Trust For Cape Cod Inc | 460 W Main St, Hyannis, MA 02601-3653 | MA | 2001-06 | $1,830 |
| 6 | Housing Opportunities Inc | 150 Ashland St, North Adams, MA 01247-4594 | MA | 2013-07 | $0 |
| 7 | Housing Opportunities Milton Elderly Inc | 500 Blue Hills Pkwy, Milton, MA 02186-3103 | MA | 1979-07 | $1,101,467 |
| 8 | Housing Partnership Ventures Inc | 1 Washington Mall Fl 12, Boston, MA 02108-2603 | MA | 2007-11 | $229,562 |
| 9 | Housing Research Foundation | 511 Washington Street, Norwood, MA 02062-2237 | MA | 1992-04 | $0 |
| 10 | Housing Support Inc | 29 Green St, Newburyport, MA 01950-2652 | MA | 1991-11 | $535,706 |
| 11 | Howard & Robin Reisman Charitable Trust, Reisman Howard Ttee | 165 Bay State Dr, Braintree, MA 02184-5203 | MA | 2002-04 | $4,701,967 |
| 12 | Howard A Curtis Scholarship Fundtrust, Theodore Xenakis Ttee | 25 Kenoza Ave, Haverhill, MA 01830-4176 | MA | 2007-05 | $4,913 |
| 13 | Howard Benevolent Society | 14 Beacon St Ste 804, Boston, MA 02108-3727 | MA | 1953-08 | $9,821,901 |
| 14 | Howard C Connor Charitable Foundation | 605 Broadway St, Saugus, MA 01906-3200 | MA | 1993-02 | $511,311 |
| 15 | Howard Home Ttees Home For Aged Men Brockton | Third Floor, Brockton, MA 02301 | MA | 1942-10 | $1,340,978 |
| 16 | Howard M And Deborah S Goodman Charitable Trust, Cohen Lawrence B Ttee | 100 Summer St, Boston, MA 02110-2106 | MA | 2009-02 | $137,124 |
| 17 | Howard Stillman Bates Foundation Inc | 11 Water St, Mattapoisett, MA 02739-2042 | MA | 2003-04 | $11,267 |
| 18 | Howard Vardeman Irrev Tr 2 Shriners Hospitals For Children | C/O Ssbt Co 1 Lincoln St, Boston, MA 02111 | MA | 2006-10 | $118,903 |
| 19 | Howe High-Billerica Memorial High School Alumni Association Inc | PO BOX 8, N Billerica, MA 01862-0008 | MA | 2006-06 | $15,562 |
| 20 | Howell Family Foundation Under Declaration Of Tr 06171998, Howell Barbara L Ttee | 45 School St Fl 5, Boston, MA 02108-3207 | MA | 1998-07 | $177,948 |
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