Jane And Jack Fitzpatrick Tr in Stockbridge, Massachusetts (MA)

Jane And Jack Fitzpatrick Tr
Employer Identification Number (EIN)	202612696
Name of Organization	Jane And Jack Fitzpatrick Tr
Address	PO BOX 1164, Stockbridge, MA 01262-1164
Subsection	Charitable Organization
Ruling Date	11/2005
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Trust
Exempt Organization Status	Unconditional Exemption
Tax Period	07/2014
Assets	$10,000,000 to $49,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$11,799,207
Amount of Income	$4,404,185
Form 990 Revenue Amount	$1,195,984
National Taxonomy of Exempt Entities (NTEE)	Arts, Culture and Humanities: Arts Service Organizations and Activities

Non-representatives - add comments:

Amount of income in 2014: $4,404,185 (it was $11,796,974 in 2013)

This organization:	$4,404,185
Other organizations performing similar types of work:	$60,352

Assets in 2014: $11,799,207 (it was $9,438,909 in 2013)

This organization:	$11,799,207
Other organizations performing similar types of work:	$33,855

Expenses in 2014: $636,911

This organization:	$636,911
Other organizations performing similar types of work:	$58,375

Income to expenses ratio in 2014: 6.9

Jane And Jack Fitzpatrick Tr:	6.9
Other organizations performing similar types of work:	1.2

Grants share in income in 2014: 81.2%

This organization:	81.2%
Other organizations performing similar types of work:	35.5%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Expenses for 2014

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2014)
Total revenue	$2,997,209	$557,990	$18,847
Contributions, gifts, grants, etc., received	$2,432,453
Interest on savings and temporary cash investments	$64
Dividends and interest from securities	$301,229
Gross rents	$0
Gross sales price for all assets	$1,663,737
Gross profit from sales of goods	$0
Other income	$6,702
Other	$256,761
Total expenses and disbursements	$636,911	$108,250	$0	$745,161
Compensation of officers, directors, trustees, etc.	$83,891
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$5,850
Interest	$0
Depreciation	$13,709
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$236,911	$108,250		$0
Contributions, gifts, grants paid	$400,000
Excess of revenue over expenses and disbursements	$2,360,298
Net investment income		$449,740
Adjusted net income			$18,847

	2012		2013		2014
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$3,177,126	$3,507,190	$9,438,909	$10,368,664	$11,799,207	$14,189,681
Cash - non-interest-bearing	$655,795		$86,908		$322,973
Investments-U.S. and state government obligations	$451,059		$674,368		$714,939
Investments-corporate stock	$913,410		$6,900,931		$9,038,100
Investments-corporate bonds	$639,856		$811,802		$866,407
Investments-mortgage loans	$0		$0		$0
Investments-other	$21,901		$130,300		$46,297
Other assets			$514,414		$504,014
Total liabilities	$0		$0		$0
Total liabilities and net assets/fund balances	$3,177,126		$9,438,909		$11,799,207

	2012	2013	2014
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$37,734	$290,061	$256,761
Net capital loss	$0	$0	$0

	2012	2013	2014
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$824	$8,445	$8,995
Total credits and payments	$1,080	$1,000	$9,000
Current year estimated tax payments and previous year's overpayment credited to current year	$1,080	$1,000	$9,000
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$0	$0	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0
Tax due		$7,445	$0
Overpayment		$0	$5
Amount to be credited to next year's estimated tax	$256	$0	$5

	2012	2013	2014
Statements Regarding Activities
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	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2012	2013	2014
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	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	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	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	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	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	No	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	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2012	2013	2014
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$3,193,688	$6,699,404	$12,279,172
Net value of noncharitable-use assets		$6,598,913	$12,094,993
Minimum investment return	$157,289	$329,946	$604,750

	2012	2013	2014
Distributable Amount
Distributable amount	$156,465	$321,501	$595,755

	2012	2013	2014
Undistributed Income
Distributable amount for this year	$156,465	$321,501	$595,755
Undistributed income for this year. This amount must be distributed in the next year	$0	$0	$0

	2014	2013	2012	2011	Total
Private Operating Foundations (for 2011 - 2014)
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

Supplementary Information (for 2014)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2014)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$0	$0
Dividends and interest from securities	$0	$301,229

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Roswell Artist In Residents Foundation	409 E College Blvd, Roswell, NM 88201-7524	NM	2003-07	$8,464,766
2	Jane And Jack Fitzpatrick Tr	PO BOX 1164, Stockbridge, MA 01262-1164	MA	2005-11	$4,404,185
3	American Friends Of The National Arts Collection Fund	Sullivan Cromwell Llp 125 Broad Street, New York, NY 10004	NY	2007-10	$885,216
4	The Film Collaborative Inc	3405 Cazador St, Los Angeles, CA 90065-3403	CA	2011-01	$636,319
5	Interurban Arthouse	8321 Maple Ln, Overland Park, KS 66207-1660	KS	2012-06	$413,603
6	Friends Of The Wright Opera House Inc	PO BOX 17, Ouray, CO 81427-0017	CO	2009-05	$396,574
7	Zygote Press Inc	1410 E 30th St, Cleveland, OH 44114-4002	OH	2001-07	$315,037
8	Ten Thousand Villages Of Tallahassee Inc	7023 Dardwood Ln, Tallahassee, FL 32312-3511	FL	2005-05	$223,761
9	Playa	47531 Hwy 31, Summer Lake, OR 97640	OR	2002-09	$214,349
10	Selma Arts Foundation	3410 Mccall Ave Ste 106, Selma, CA 93662-2500	CA	2013-12	$209,808
11	Visalia Arts Consortium Inc	2200 W Main St, Visalia, CA 93291-4523	CA	2010-01	$205,230
12	Sinai Sunday Evening Forum Inc	600 Vail Park Rd, Valparaiso, IN 46383	IN	1997-09	$145,682
13	The Monotype Guild Of New England Inc	21 Lewis St, Needham, MA 02492-1907	MA	2013-01	$16,556
14	Berkshire County Educational Associates	19 Pine Street, Pittsfield, MA 01201	MA	2005-05	$0
15	Cornerstone Quilters Inc	Po Box 383, Charlton City, MA 01508	MA	2015-01	$0
16	Global Narratives Inc	103 Highland Road, Somerville, MA 02144	MA	2010-05	$0
17	Ikatun	110 Clark Lane, Waltham, MA 02451	MA	2002-07	$0
18	Preservation For Posterity Inc	PO BOX 975, Boston, MA 02117-0975	MA	2000-09	$0
19	Union Hill Project	16 Harvard Ter Apt 3, Allston, MA 02134-2015	MA	2001-02	$0
20	Workshop 13 Inc	13 Church St, Ware, MA 01082-1239	MA	2014-10	$0

Number of organizations performing similar types of work

Alaska	1
Alabama	2
Arkansas	4
Arizona	2
California	58
Colorado	10
Connecticut	7
District of Columbia	3
Florida	29
Georgia	13
Hawaii	3
Iowa	7
Idaho	2
Illinois	12
Indiana	8
Kansas	4
Kentucky	2
Louisiana	3
Massachusetts	9
Maryland	10
Maine	6
Michigan	13
Minnesota	11
Missouri	6
Mississippi	2

Montana	1
North Carolina	18
North Dakota	1
Nebraska	1
New Hampshire	3
New Jersey	12
New Mexico	4
Nevada	3
New York	49
Ohio	14
Oklahoma	2
Oregon	8
Pennsylvania	9
Rhode Island	1
South Carolina	5
South Dakota	1
Tennessee	8
Texas	14
Utah	1
Virginia	12
Vermont	4
Washington	4
Wisconsin	7
West Virginia	3

Total

412

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