Ives Family Charitable Trust in Boston, 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
| Ives Family Charitable Trust | |
| Employer Identification Number (EIN) | 046644020 |
| Name of Organization | Ives Family Charitable Trust |
| In Care of Name | Loring Wolcott & Coolidge Office |
| Address | Lwc 230 Congress St 12fl, Boston, MA 02110 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,665,475 |
| Amount of Income | $439,218 |
| Form 990 Revenue Amount | $88,114 |
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 | $358,014 | $116,382 | $0 | |
| Contributions, gifts, grants, etc., received | $241,632 | |||
| Interest on savings and temporary cash investments | $16 | |||
| Dividends and interest from securities | $70,654 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $45,712 | |||
| Total expenses and disbursements | $195,205 | $16,852 | $0 | $176,159 |
| Compensation of officers, directors, trustees, etc. | $6,266 | |||
| Total operating and administrative expenses | $20,956 | $16,852 | $1,910 | |
| Contributions, gifts, grants paid | $174,249 | |||
| Excess of revenue over expenses and disbursements | $162,809 | |||
| Net investment income | $99,530 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,686,363 | $3,471,766 |
| Cash - non-interest-bearing | $66 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,340,537 | |
| Investments-corporate bonds | $150,631 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $110,036 | |
| Other | $85,093 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $2,686,363 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $45,712 |
| 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 | $995 |
| Total credits and payments | $1,480 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,480 |
| 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 | $485 |
| Amount to be credited to 2013 estimated tax | $485 |
| 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? | Yes |
| 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 | $3,228,469 |
| Net value of noncharitable-use assets | $3,180,040 |
| Minimum investment return | $159,002 |
| Distributable Amount (for 2012) | |
| Distributable amount | $158,007 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $158,007 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $118,409 |
| 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 | Italian Community Club Inc | 304 Rantoul St # 310, Beverly, MA 01915-4328 | MA | 2005-09 | $846,641 |
| 2 | Italian Cultural Center Of Western Massachusetts Inc | 56 Margaret St, Springfield, MA 01105-2309 | MA | 1996-11 | $74,542 |
| 3 | Italian Fraternal Club Of Westfield Inc | 57 Katherine St, Westfield, MA 01085-2409 | MA | 1975-07 | $133,511 |
| 4 | Italian Naturalization Club Incorporated Of Taunton | 46 Wales St, Taunton, MA 02780-4121 | MA | 1991-03 | $452,709 |
| 5 | Italian Social Club Of Taunton Inc | PO BOX 2244, Taunton, MA 02780-0965 | MA | 1995-09 | $106,637 |
| 6 | Italian-American Charitable Society Inc | 30 Deborah Dr, Reading, MA 01867-1456 | MA | 1958-04 | $14 |
| 7 | Item Christmas Appeal | 156 Church St, Clinton, MA 01510-2563 | MA | 1976-04 | $61,484 |
| 8 | Its All About The Kids | 72 Pentucket Ave, Lowell, MA 01852-2912 | MA | 2005-12 | $17,172 |
| 9 | Iuoe Local 877 Scholarship Fund | 89 Access Rd Ste 4, Norwood, MA 02062-5234 | MA | 2000-07 | $24,888 |
| 10 | Iva & Jerome Preston Char Tr 1932 | One International Place, Boston, MA 02110-3179 | MA | 1963-10 | $68,057 |
| 11 | Ives Family Charitable Trust | Lwc 230 Congress St 12fl, Boston, MA 02110 | MA | 1991-04 | $439,218 |
| 12 | Ivy Fund | 33 Irving St, Waltham, MA 02451-0758 | MA | 1998-08 | $2,250 |
| 13 | Ivy League Ekiden Foundation | PO BOX 635, Carlisle, MA 01741-0635 | MA | 2005-12 | $5,557 |
| 14 | Iyho Ltd | 169 Gray Street, North Andover, MA 01845 | MA | 2002-03 | $297,905 |
| 15 | J & P Associates Ltd | 32 Homeward Ln, Walpole, MA 02081-2210 | MA | 2001-12 | $124,643 |
| 16 | J Allan Sheehan Scholarship Fund Inc | 2 Newton Pl Ste 350, Newton, MA 02458-1643 | MA | 1988-03 | $2,012 |
| 17 | J C Hispaniola Fund Inc | 30 Jones Ave, Randolph, MA 02368 | MA | 1998-12 | $0 |
| 18 | J F Schoellkopf Iv Berkshire Scholarship Fund % Berkshire Schoo | Berkshire School, Sheffield, MA 01257 | MA | 1926-05 | $15,142 |
| 19 | J Franklin Dyer Trust | 109 Main St, Gloucester, MA 01930-5701 | MA | $5,469 | |
| 20 | J H Chesebro Charitable Foundation, Chesebro James H Et Al Ttee | 819 Commonwealth Ave, Newton, MA 02459-1018 | MA | 2004-06 | $180,579 |
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