James And Alice Mcgonagle Charitable Fund in Norwood, 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
| James And Alice Mcgonagle Charitable Fund | |
| Employer Identification Number (EIN) | 043559145 |
| Name of Organization | James And Alice Mcgonagle Charitable Fund |
| In Care of Name | John E Fedele Trustee |
| Address | 17 Walpole St, Norwood, MA 02062-3318 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $813,800 |
| Amount of Income | $121,193 |
| Form 990 Revenue Amount | $25,411 |
| National Taxonomy of Exempt Entities (NTEE) | Medical Research: Medical Research (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 | $20,146 | $33,183 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $24,170 | |||
| Dividends and interest from securities | $9,012 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $46,978 | $6,978 | $0 | $40,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,978 | $6,978 | $0 | |
| Contributions, gifts, grants paid | $40,000 | |||
| Excess of revenue over expenses and disbursements | $-26,832 | |||
| Net investment income | $26,204 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $859,224 | $896,989 |
| Cash - non-interest-bearing | $61,680 | |
| Investments-U.S. and state government obligations | $65,770 | |
| Investments-corporate stock | $239,216 | |
| Investments-corporate bonds | $217,543 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $275,013 | |
| Other | $2 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $859,224 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-13,036 |
| 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 | $524 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $12 |
| Tax due | $536 |
| 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 | $915,762 |
| Net value of noncharitable-use assets | $902,020 |
| Minimum investment return | $45,101 |
| Distributable Amount (for 2012) | |
| Distributable amount | $44,577 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $44,577 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $24,391 |
| 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 | Jamaica Plain Arts Council Inc | 15 Eliot St, Jamaica Plain, MA 02130-2737 | MA | 1986-02 | $48,378 |
| 2 | Jamaica Plain Housing Trust Inc | 31 Germania Street, Jamaica Plain, MA 02130-2314 | MA | 1995-06 | $-2,007,060 |
| 3 | Jamaica Plain Mulaticultural After School Program, Kids Arts | PO BOX 1252, Jamaica Plain, MA 02130-0011 | MA | 1995-12 | $195,159 |
| 4 | Jamaica Plain Regan Youth League | PO BOX 302418, Jamaica Plain, MA 02130-0021 | MA | 1989-05 | $110,969 |
| 5 | Jamaica Plain Tuesday Club Inc, Loring Greenough House | 12 South St, Jamaica Plain, MA 02130-3105 | MA | 1959-05 | $132,343 |
| 6 | Jamaica Plain Vamc Child Care Center Inc | 150 South Huntington Ave Bldg 9, Jamaica Plain, MA 02130-4817 | MA | 1982-11 | $822,029 |
| 7 | Jamaica Plains Community Centers | 20 South St, Jamaica Plain, MA 02130-3105 | MA | 1973-05 | $1,251,431 |
| 8 | Jambo Tanzania Inc | PO BOX 2673, Springfield, MA 01101-2673 | MA | 2000-06 | $42,874 |
| 9 | James A Lobban Memorial Education Fund | 33 Crystal St, Webster, MA 01570-2368 | MA | 1952-06 | $5 |
| 10 | James A Sartori Memorial Charitable Trust | 8 Liberty Ln, Lynnfield, MA 01940-2657 | MA | 1984-01 | $5,027 |
| 11 | James And Alice Mcgonagle Charitable Fund | 17 Walpole St, Norwood, MA 02062-3318 | MA | 2001-08 | $121,193 |
| 12 | James And Beatrice Salah Family Foundation For The Town Of Canton, Salah James M Ttee | 742 Washington Street, Canton, MA 02021-3039 | MA | 1995-12 | $1,109,575 |
| 13 | James And Robert Connors Scholarship Foundation Inc | C/O Robert Connors 30 Valley Road, Danvers, MA 01923 | MA | 2001-06 | $1 |
| 14 | James And Sarene Willing Charitable Foundation | 6 Clearwater Rd, Winchester, MA 01890-4011 | MA | 1988-02 | $34 |
| 15 | James And Veronica Chesterton Fam Foundation Tr Agreement, Chesterton James D Ttee | 22 Mount Pleasant St, Winchester, MA 01890-3043 | MA | 2005-06 | $70,153 |
| 16 | James Arnold Fund | 700 Pleasant St, New Bedford, MA 02740-6254 | MA | 1934-11 | $25,299 |
| 17 | James Brook Properties Inc | 200 Groton Rd, Ayer, MA 01432-1168 | MA | 1987-06 | $81,652 |
| 18 | James C Melvin Trust U/Will Nect % J B Ames F Burr & A Fuller Ttee | C/O Ropes Gray Llp 800 Boylston St, Boston, MA 02199 | MA | 1973-03 | $2,298,007 |
| 19 | James C Rielly Family Foundation | 160 Federal St 20th, Boston, MA 02110 | MA | 2006-12 | $869 |
| 20 | James Clark Parent Teacher Organization Incorporated | 65 Oxford St, Agawam, MA 01001-3609 | MA | 2005-03 | $55,528 |
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