John Grossman Trust in Quincy, 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
| John Grossman Trust | |
| Employer Identification Number (EIN) | 046115150 |
| Name of Organization | John Grossman Trust |
| Address | 1266 Furnace Brk Pkwy Ste 100, Quincy, MA 02169-4777 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1965 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2012 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $99,282 |
| Amount of Income | $12,919 |
| Form 990 Revenue Amount | $-15,839 |
Non-representatives - add comments:
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $-15,839 | $1,572 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,572 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $20,068 | $2,088 | $0 | $17,980 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,088 | $2,088 | $0 | |
| Contributions, gifts, grants paid | $17,980 | |||
| Excess of revenue over expenses and disbursements | $-35,907 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $104,295 | $91,797 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $91,427 | |
| Other | $12,868 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $104,295 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-17,411 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $105,381 |
| Net value of noncharitable-use assets | $103,800 |
| Minimum investment return | $5,190 |
| Distributable Amount (for 2011) | |
| Distributable amount | $5,190 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $5,190 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | John F & Rebecca T Paolin Foundation | 10 Williams St, North Easton, MA 02356-1529 | MA | 2003-02 | $140 |
| 2 | John F Kennedy Family Service Center Inc | 10 City Sq Ste 4, Charlestown, MA 02129-3740 | MA | 1965-07 | $2,512,336 |
| 3 | John F Kennedy Hyannis Museum Foundation Inc | Museum Foundation Inc, Hyannis, MA 02601 | MA | 2014-08 | $429,295 |
| 4 | John F Spence Scholarship Trust | 2036 Washington St, Hanover, MA 02339-1617 | MA | 1985-01 | $2,349 |
| 5 | John Foote & Kristen Rupert Foundation Tr, Foote John & Rupert Kristen Fid | 111 Robbins Rd, Watertown, MA 02472-3447 | MA | 2005-03 | $38,939 |
| 6 | John Franklin Spaulding Charitaole Foundation | 195 Prospect St, Belmont, MA 02478-2610 | MA | 1987-05 | $-3,014 |
| 7 | John G Silva Scholarship Fund | 30 Stergis Way, Dedham, MA 02026-2637 | MA | 1979-01 | $184 |
| 8 | John Gerald Ajemian Charitablefoundation | PO BOX 170504, Boston, MA 02117-0514 | MA | 2006-11 | $8,508 |
| 9 | John Greenleaf Whittier Homestead | 136 Neck Rd, Haverhill, MA 01835-8028 | MA | 1971-02 | $137,045 |
| 10 | John Greenleaf Whittier Middle School Pto | 256 Concord St, Haverhill, MA 01830 | MA | 2004-11 | $0 |
| 11 | John Grossman Trust | 1266 Furnace Brk Pkwy Ste 100, Quincy, MA 02169-4777 | MA | 1965-08 | $12,919 |
| 12 | John H And Barbara N Breck Charitable Foundation | C/O John M Obrien 1350 Main Street, Springfield, MA 01103 | MA | 1992-03 | $110,987 |
| 13 | John H And Susan T Buck Charitable Foundation | 155 Hart St, Beverly Farms, MA 01915-2124 | MA | 1988-03 | $74,762 |
| 14 | John H Van Winkle Foundation | PO BOX 2259, Nantucket, MA 02584-2259 | MA | 1954-03 | $343,551 |
| 15 | John Henry Weidner Center For The Cultivation Of Altruistic Fnd Inc | 157 Old Upton Rd, Grafton, MA 01519-1308 | MA | 1997-09 | $14,492 |
| 16 | John J Ahern Scholarship Inc | PO BOX 393, Foxborough, MA 02035-0393 | MA | 2007-04 | $1,223 |
| 17 | John J And Elizabeth M Kunkel & Family Foundation Inc | 870 School St, Webster, MA 01570-3025 | MA | 2010-01 | $396,950 |
| 18 | John J And Nora Jennings Foundation Inc | 46 Gaston St, Medford, MA 02155-1220 | MA | 2002-10 | $17,701 |
| 19 | John J And Susan F Doran Family Foundation | 29 Woodcliff Rd, Wellesley Hls, MA 02481-2701 | MA | 2000-01 | $766 |
| 20 | John J Mcardle Iii And Joan Creamer Mcardle Foundation, Mccardle Joan C Ttee | 153 Bancroft Ave, Reading, MA 01867-2104 | MA | 2002-12 | $89,797 |
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