Kneisel Foundation Inc in Beverly, 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
| Kneisel Foundation Inc | |
| Employer Identification Number (EIN) | 043136120 |
| Name of Organization | Kneisel Foundation Inc |
| In Care of Name | Anthony P Fusco |
| Address | 8 Washington St, Beverly, MA 01915-5820 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,150,739 |
| Amount of Income | $1,889,421 |
| Form 990 Revenue Amount | $236,966 |
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 | $105,869 | $101,901 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $85,122 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $3,968 | |||
| Gross sales less returns and allowances | $3,968 | |||
| Less: Cost of goods sold | $0 | |||
| Other income | $0 | |||
| Other | $16,779 | |||
| Total expenses and disbursements | $268,029 | $37,723 | $0 | $202,714 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $65,315 | $37,723 | $0 | |
| Contributions, gifts, grants paid | $202,714 | |||
| Excess of revenue over expenses and disbursements | $-162,160 | |||
| Net investment income | $64,178 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,090,218 | $3,456,110 |
| Cash - non-interest-bearing | $77,957 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,947,197 | |
| Investments-corporate bonds | $959,004 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $106,060 | |
| Total liabilities | $2,320 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,320 | |
| Total liabilities and net assets/fund balances | $3,087,898 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $16,779 |
| 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 | $642 |
| Total credits and payments | $3,968 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,968 |
| 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 | $3,326 |
| Amount to be credited to 2013 estimated tax | $3,326 |
| 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 | $3,541,476 |
| Net value of noncharitable-use assets | $3,488,360 |
| Minimum investment return | $174,418 |
| Distributable Amount (for 2012) | |
| Distributable amount | $173,776 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $173,776 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| 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 | Kiwanis International Inc, K09104 Sandwich | 28 Woodridge Rd, E Sandwich, MA 02537-1622 | MA | 1940-07 | $104,412 |
| 2 | Kiwanis International Inc, K09580 Lower Cape Cod Eastham | PO BOX 819, Orleans, MA 02653-0819 | MA | 1940-07 | $39,125 |
| 3 | Kiwanis International Inc | Po Box 1055, Chicopee, MA 01014 | MA | 1940-07 | $16,745 |
| 4 | Kiwanis International Wellesley Kiwanis Project Fund Inc | PO BOX 812201, Wellesley, MA 02482-0015 | MA | 1940-07 | $38,078 |
| 5 | Kiwanis International, K17 New England And Bermuda Distric | 1 Harpers Holw, East Sandwich, MA 02537-1506 | MA | 1967-06 | $431,209 |
| 6 | Kj Inc | 3 Court Farm Ln, Newburyport, MA 01950-3700 | MA | 2007-05 | $27,502 |
| 7 | Klatzkin Foundation | 101 Federal St Fl 14, Boston, MA 02110-1859 | MA | 1955-05 | $108,722 |
| 8 | Klaus-Jurgen Bathe Charitable Foundation, Bathe K & Z Ttees | 100 Federal St 37th Flr, Boston, MA 02110-1802 | MA | 2001-05 | $987,507 |
| 9 | Klein Fam Foundation, Klein Simon J Ttee | 7a Acacia St, Cambridge, MA 02138-4818 | MA | 1999-11 | $1,610 |
| 10 | Klesis Ministries | 210 Lakeview Rd, Shutesbury, MA 01072-9791 | MA | 1993-05 | $97,854 |
| 11 | Kneisel Foundation Inc | 8 Washington St, Beverly, MA 01915-5820 | MA | 1992-05 | $1,889,421 |
| 12 | Knez Family Charitable Foundation | 3 Newton Exec Park Ste 304, Newton, MA 02462-1433 | MA | 2002-06 | $1,868,591 |
| 13 | Knight Of Columbus Building Assn | PO BOX 605, Dedham, MA 02027-0605 | MA | 1972-01 | $114,631 |
| 14 | Knighthorse Theatre Company Inc | 5 Kyle Path, Scituate, MA 02066-1842 | MA | 2004-05 | $72,657 |
| 15 | Knights Of Columbus | PO BOX 917, Pepperell, MA 01463-0917 | MA | 1940-10 | $167,860 |
| 16 | Knights Of Columbus, Home Association Of W Springfield | 63 Park Ave, W Springfield, MA 01089-3303 | MA | 1940-10 | $103,203 |
| 17 | Knights Of Columbus Building Associates Of Danvers Inc | PO BOX 363, Danvers, MA 01923-0663 | MA | 1975-04 | $29,847 |
| 18 | Knights Of Columbus Fathr Odoherty Assbly 4th Degree Schlrshp Fund | PO BOX 258, Byfield, MA 01922-0258 | MA | 1969-04 | $109 |
| 19 | Knights Of Columbus Foundation, Bishop Rice Council 4822 | 380 Washington St, Wellesley, MA 02481-6208 | MA | 1999-09 | $178,154 |
| 20 | Knights Of Columbus Home Association Of Fitchburg Inc | PO BOX 124, Fitchburg, MA 01420-0002 | MA | 1971-09 | $116,365 |
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