Joseph & Clara Flynn Scholarship Trust in Hyannis, 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
| Joseph & Clara Flynn Scholarship Trust | |
| Employer Identification Number (EIN) | 046215821 |
| Name of Organization | Joseph & Clara Flynn Scholarship Trust |
| Address | PO BOX 1330, Hyannis, MA 02601-1330 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Deductibility | Contributions are deductible |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| 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 | $807,293 |
| Amount of Income | $150,606 |
| Form 990 Revenue Amount | $52,869 |
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 | $29,926 | $29,926 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $20,779 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $9,147 | |||
| Total expenses and disbursements | $62,721 | $7,421 | $0 | $54,211 |
| Compensation of officers, directors, trustees, etc. | $9,696 | |||
| Total operating and administrative expenses | $12,221 | $7,421 | $3,711 | |
| Contributions, gifts, grants paid | $50,500 | |||
| Excess of revenue over expenses and disbursements | $-32,795 | |||
| Net investment income | $22,505 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $692,005 | $767,400 |
| Cash - non-interest-bearing | $41,097 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $650,908 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $692,005 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $9,147 |
| 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 | $225 |
| Total credits and payments | $880 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $880 |
| 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 | $655 |
| Amount to be credited to 2013 estimated tax | $228 |
| 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? | Yes |
| 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 | $776,553 |
| Net value of noncharitable-use assets | $764,900 |
| Minimum investment return | $38,245 |
| Distributable Amount (for 2012) | |
| Distributable amount | $38,020 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $38,020 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $7,319 |
| 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 | Future Farmers Of America And Its State Associations & Local Chapter, Massachusetts Association Of Future | 135 Center St, Dighton, MA 02715-1230 | MA | 1945-01 | $159,212 |
| 2 | Greater Boston Chapter Of The Iiba Inc | 86 Arbor Rd, Lowell, MA 01852-3137 | MA | 2011-09 | $20,052 |
| 3 | Greenhalgh Charitable Tr | 38 Resnik Rd Ste 202, Plymouth, MA 02360-7214 | MA | $95,631 | |
| 4 | Health Care Private Equity Association | 58 Marked Tree Rd, Needham, MA 02492-1748 | MA | 2011-10 | $216,250 |
| 5 | Hopkinton Teachers Association, 207 Hopkinton Teachers Assn | 88 Hayden Rowe St, Hopkinton, MA 01748-2508 | MA | 2012-11 | $59,892 |
| 6 | Hugs For Healing Foundation | 76 Morse Ave, Brockton, MA 02301-4114 | MA | 2011-07 | $3,894 |
| 7 | Hummock Pond Of Nantucket Homeowners Association Inc | 10 Ishmael Rd, Nantucket, MA 02554 | MA | 2008-06 | $134,640 |
| 8 | International Alliance Theatrical Stage Employees, Local 96 | PO BOX 582, Worcester, MA 01613-0582 | MA | 1941-04 | $232,115 |
| 9 | Iota Omicron Of Alpha Phi House Corp Board Inc | 69 Hosmer St, Marlborough, MA 01752-2357 | MA | 2013-02 | $86,392 |
| 10 | James Zacharias Tr U W | 38 Resnik Rd Ste 202, Plymouth, MA 02360-7214 | MA | $45,968 | |
| 11 | Joseph & Clara Flynn Scholarship Trust | PO BOX 1330, Hyannis, MA 02601-1330 | MA | $150,606 | |
| 12 | Kappa Delta Sorority, Eta Phi Of Kappa Delta Boston Unive | 1 University Rd, Boston, MA 02215-1407 | MA | 1970-03 | $124,223 |
| 13 | Knights Templar Of The United States Of America, Grand Commandery Of Mass And Rhode | 186 Tremont St, Boston, MA 02111-1014 | MA | 1964-01 | $398,264 |
| 14 | League Of Women Voters Of Harvard | Po Box 405, Harvard, MA 01451 | MA | 1969-03 | $8,474 |
| 15 | Local 30 Cambridge Fire Fighters Intl Assn Of Fire Fighters | 15 Clinton Rd, Melrose, MA 02176-4406 | MA | 2012-04 | $219,690 |
| 16 | Maritta Hindle Irrv Tr | 38 Resnik Rd Ste 202, Plymouth, MA 02360-7214 | MA | $131,574 | |
| 17 | Mary E Quirk Irrv Tr Fbo St Annes Health Care System Inc | 38 Resnik Rd Ste 202, Plymouth, MA 02360-7214 | MA | $538,200 | |
| 18 | Massachusetts Creditors Bar Association Inc | Po Box 7360, New Bedford, MA 02740 | MA | 2012-05 | $36,150 |
| 19 | Massachusetts Employment Lawyers Association Inc | 111 Devonshire Street, Boston, MA 02109-5407 | MA | 2010-03 | $19,701 |
| 20 | Massachusetts Teachers Association, 186 Granby Educ Assn | 14 West St, Granby, MA 01033-9470 | MA | 1972-10 | $7,551 |
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