Josephine G Russell Trust in Andover, 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
| Josephine G Russell Trust | |
| Employer Identification Number (EIN) | 042136910 |
| Name of Organization | Josephine G Russell Trust |
| In Care of Name | Marsha Rich Esq Trustee |
| Address | 9 Bartlet St 343, Andover, MA 01810-3655 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1972 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $9,165,575 |
| Amount of Income | $2,144,564 |
| Form 990 Revenue Amount | $547,102 |
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 | $567,588 | $567,588 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,658 | |||
| Dividends and interest from securities | $300,152 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $265,778 | |||
| Total expenses and disbursements | $546,436 | $69,974 | $0 | $476,462 |
| Compensation of officers, directors, trustees, etc. | $28,000 | |||
| Total operating and administrative expenses | $134,811 | $69,974 | $64,837 | |
| Contributions, gifts, grants paid | $411,625 | |||
| Excess of revenue over expenses and disbursements | $21,152 | |||
| Net investment income | $497,614 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,819,520 | $9,741,407 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $8,796,827 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $22,693 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $8,819,520 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $265,778 |
| 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 | $4,976 |
| Total credits and payments | $4,760 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $4,760 |
| 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 | $216 |
| 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 | $9,497,057 |
| Net value of noncharitable-use assets | $9,354,600 |
| Minimum investment return | $467,730 |
| Distributable Amount (for 2012) | |
| Distributable amount | $462,754 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $462,754 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $395,207 |
| 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 | Joseph Persky Foundation | 370 Main St Ste 925, Worcester, MA 01608-1797 | MA | 1946-01 | $476,564 |
| 2 | Joseph R Dawe Jr School Pto | 131 Pine Street, Stoughton, MA 02072 | MA | 2003-02 | $33,436 |
| 3 | Joseph R Levis Foundation Inc | 23 Bobby Jones Dr, Andover, MA 01810-2880 | MA | 1999-11 | $552,713 |
| 4 | Joseph Rosenfeld Foundation C/O Mcgowan Engel Tucker & Garrett | 88 Plain St, Hopedale, MA 01747-2106 | MA | 1986-12 | $35,289 |
| 5 | Joseph W & Faith K Tiberio Charitable Foundation, Tiberio Joseph W Ttee | 79 Lowland St, Holliston, MA 01746-2030 | MA | 1995-03 | $365,061 |
| 6 | Joseph W Stillwell Institute Foundation Ltd | 134 Boston Rd, Chelmsford, MA 01824-3965 | MA | 1992-07 | $2 |
| 7 | Joseph Wortis Fund, Wortis Henry Ttee | 106 Berkshire St, Cambridge, MA 02141-1417 | MA | 1997-02 | $453 |
| 8 | Josephine A White Foundation Trust, Mccarthy Kathleen M Ttee | 2277 State R Ste 1, Plymouth, MA 02360 | MA | 1998-02 | $743 |
| 9 | Josephine And Louise Cranefoundation | PO BOX 901, Falmouth, MA 02541-0901 | MA | 2007-07 | $3,955,823 |
| 10 | Josephine B Crane Foundation | PO BOX 901, Falmouth, MA 02541-0901 | MA | 1959-04 | $1,048,371 |
| 11 | Josephine G Russell Trust | 9 Bartlet St 343, Andover, MA 01810-3655 | MA | 1972-02 | $2,144,564 |
| 12 | Josephs Project Inc | 1010 Main Street, Holden, MA 01520-1237 | MA | 2008-11 | $0 |
| 13 | Josh Quince Foundation | 11 Donald Rd, S Hamilton, MA 01982-1505 | MA | 2001-02 | $647 |
| 14 | Joshua Charitable Tr, Berry Scott B Ttee | 29 Reef Pt, Hull, MA 02045-3345 | MA | 1999-04 | $43,684 |
| 15 | Joshua Generation Fellowship | 616 Amherst Rd, South Hadley, MA 01075-1216 | MA | 2006-06 | $50,084 |
| 16 | Joshua-Eaton School Parent Teachers Organization Inc | 365 Summer Ave, Reading, MA 01867-3812 | MA | 1989-11 | $78,217 |
| 17 | Josiah A Spaulding Education Fund | PO BOX 192, Manchester, MA 01944-0192 | MA | 1990-04 | $65,676 |
| 18 | Josiah Quincy School Association | 885 Washington St, Boston, MA 02111-1415 | MA | 2003-08 | $52,949 |
| 19 | Journal Of Feminist Studies In Religion Inc | 45 Francis Ave, Cambridge, MA 02138-1911 | MA | 1984-11 | $49,409 |
| 20 | Journal Of Interdisciplinary History Inc | 14 Barberry Rd, Lexington, MA 02421-8026 | MA | 1980-03 | $88,443 |
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