Ipswich Foundation Inc in Ipswich, 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
| Ipswich Foundation Inc | |
| Employer Identification Number (EIN) | 043419612 |
| Name of Organization | Ipswich Foundation Inc |
| In Care of Name | Peter Fowler |
| Address | 2 Herring Way, Ipswich, MA 01938-1424 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $145,439 |
| Amount of Income | $11,154 |
| Form 990 Revenue Amount | $10,964 |
| 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
| 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 | $8,038 | $8,038 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $6,538 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1,500 | |||
| Total expenses and disbursements | $8,162 | $109 | $0 | $8,052 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $112 | $109 | $0 | |
| Contributions, gifts, grants paid | $8,050 | |||
| Excess of revenue over expenses and disbursements | $-123 | |||
| Net investment income | $7,928 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $130,313 | $130,313 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $130,615 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $130,313 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,500 |
| 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 | $79 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $79 |
| 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 | $135,674 |
| Net value of noncharitable-use assets | $133,620 |
| Minimum investment return | $6,681 |
| Distributable Amount (for 2012) | |
| Distributable amount | $6,602 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $6,602 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,449 |
| 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 | Ion Inc | 1350 Mass Ave Holyoke 371h, Cambridge, MA 02138-3846 | MA | $49 | |
| 2 | Ipci-Usa Inc | P O Box 230372, Boston, MA 02123 | MA | 2002-10 | $13,843 |
| 3 | Ipdr Organization | 13 Mizzenmast Rd, Nantucket, MA 02554-4325 | MA | 2000-11 | $185,614 |
| 4 | Ipswich Education Foundation Inc | PO BOX 786, Ipswich, MA 01938-0786 | MA | 1996-01 | $71,133 |
| 5 | Ipswich Arts Collaborative | 6 Dornell Rd, Ipswich, MA 01938-1205 | MA | 1999-09 | $1 |
| 6 | Ipswich Bay Yacht Club | PO BOX 21, Ipswich, MA 01938-0021 | MA | 1966-02 | $728,811 |
| 7 | Ipswich Caring Inc | PO BOX 584, Ipswich, MA 01938-0584 | MA | 1996-10 | $78,102 |
| 8 | Ipswich Chamber Of Commerce Inc | PO BOX 94, Ipswich, MA 01938-0094 | MA | 1998-09 | $18,340 |
| 9 | Ipswich Dance Foundation Inc | 2 Cogswell St, Ipswich, MA 01938-1351 | MA | 1980-02 | $121,004 |
| 10 | Ipswich Fire Fighters Local 1913 | 55 Central St, Ipswich, MA 01938-1950 | MA | 2006-01 | $54,836 |
| 11 | Ipswich Foundation Inc | 2 Herring Way, Ipswich, MA 01938-1424 | MA | 1998-06 | $11,154 |
| 12 | Ipswich Humane Group Inc | PO BOX 873, Ipswich, MA 01938-0873 | MA | 1987-08 | $86,303 |
| 13 | Ipswich Junior Sailing Inc | 76 North Ridge Rd, Ipswich, MA 01938 | MA | 1995-07 | $69,648 |
| 14 | Ipswich Museum Inc | 54 S Main St, Ipswich, MA 01938-2322 | MA | 1945-12 | $502,201 |
| 15 | Ipswich Music Art & Drama Association Inc, Imada | PO BOX 449, Ipswich, MA 01938-0449 | MA | 2007-04 | $49,143 |
| 16 | Ipswich Outboard Club Inc | P O Box 175, Ipswich, MA 01938 | MA | 1989-04 | $51 |
| 17 | Ipswich River Watershed Association Inc | PO BOX 576, Ipswich, MA 01938-0576 | MA | 1978-09 | $668,495 |
| 18 | Ipswich Rotary Club Charitable Endowment | PO BOX 543, Ipswich, MA 01938-0543 | MA | 1999-08 | $45,653 |
| 19 | Ipswich Shellfish Foundation Inc | 8 Hayward St, Ipswich, MA 01938-2012 | MA | 1999-02 | $8,004 |
| 20 | Ipswich Tiger Youth Footbal League | PO BOX 210, Ipswich, MA 01938-0210 | MA | 2004-04 | $55,295 |
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