Lathrop Home in Northampton, 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
| Lathrop Home | |
| Employer Identification Number (EIN) | 042104372 |
| Name of Organization | Lathrop Home |
| Address | 215 South St, Northampton, MA 01060-4160 |
| Activities | Housing for the aged (see also 153) |
| Subsection | Charitable Organization |
| Ruling Date | 01/1938 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation exempt from paying excise taxes on investment income |
| Organization | Corporation |
| 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 | $6,751,577 |
| Amount of Income | $1,299,762 |
| Form 990 Revenue Amount | $1,475,729 |
Non-representatives - add comments:
Revenue 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 | $1,397,403 | $193,359 | $1,394,353 | |
| Contributions, gifts, grants, etc., received | $1,455 | |||
| Interest on savings and temporary cash investments | $5,831 | |||
| Dividends and interest from securities | $135,325 | |||
| Gross rents | $50,000 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1,203,197 | |||
| Other | $1,595 | |||
| Total expenses and disbursements | $1,425,553 | $50,000 | $50,000 | $1,340,631 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,425,553 | $50,000 | $1,340,631 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-28,150 | |||
| Net investment income | $143,359 | |||
| Adjusted net income | $1,344,353 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $6,377,908 | $7,802,252 |
| Cash - non-interest-bearing | $184 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,623,094 | |
| Investments-corporate bonds | $2,023,843 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $448,895 | |
| Other | $2,281,892 | |
| Total liabilities | $97,449 | |
| Mortgages and other notes payable | $0 | |
| Other | $97,449 | |
| Total liabilities and net assets/fund balances | $6,280,459 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,595 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | Yes |
| 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 | $7,668,092 |
| Net value of noncharitable-use assets | $7,553,160 |
| Minimum investment return | $377,658 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $377,654 | $370,749 | $365,142 | $360,846 | $1,474,391 |
| Qualifying distributions made directly for active conduct of exempt activities | $1,340,631 | $1,324,131 | $1,277,889 | $1,199,508 | $5,142,159 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $251,769 | $247,290 | $243,428 | $240,684 | $983,171 |
| 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 | Larson Family Foundation | 6 Arlington Street Unit 5, Boston, MA 02116-3402 | MA | 2000-08 | $1,427,355 |
| 2 | Larsson-Danforth Family Foundation | PO BOX 1508, Mattapoisett, MA 02739-0428 | MA | 2000-08 | $234,159 |
| 3 | Las Lianas Resource Center For Science Culture & Environment Inc | 17 Columbia Dr, Amherst, MA 01002-3105 | MA | 2003-11 | $29,859 |
| 4 | Lasell Alumnae Inc, Lasell Alumnai Association | 1844 Commonwealth Ave, Newton, MA 02466-2709 | MA | 1984-03 | $1,568 |
| 5 | Lasell Inc | 1844 Commonwealth Ave, Newton, MA 02466-2709 | MA | 2005-02 | $19,474 |
| 6 | Laspau Academic And Professional | 25 Mount Auburn St Ste 300, Cambridge, MA 02138-6095 | MA | 1967-10 | $15,422,649 |
| 7 | Lassor And Fanny Agoos Charity Fund | 48 Wildwood Dr, Bedford, MA 01730-1138 | MA | 1926-11 | $807,617 |
| 8 | Last Chance Cat Sanctuary Inc | 7 College Lane, Dartmouth, MA 02747 | MA | 2002-03 | $0 |
| 9 | Last Hope Safe Haven Inc | Po Box35, Yarmouthport, MA 02675 | MA | 2008-08 | $2,505 |
| 10 | Latham Centers Inc | 1646 Main St, Brewster, MA 02631-1716 | MA | 1978-12 | $17,070,324 |
| 11 | Lathrop Home | 215 South St, Northampton, MA 01060-4160 | MA | 1938-01 | $1,299,762 |
| 12 | Village By Village Inc | 125 Washington St Ste 201, Salem, MA 01970-3536 | MA | 2004-09 | $204,503 |
| 13 | Latin American Health Alliance Ofcentral Massachusetts Inc | 27 Vernon St, Worcester, MA 01610-1919 | MA | 2007-06 | $692,970 |
| 14 | Latin Roots Corp | 569 Canton St, Westwood, MA 02090 | MA | 2003-07 | $98,652 |
| 15 | Latin-American Cultural Association Of Chelsea Inc | 333 Broadway, Chelsea, MA 02150-2807 | MA | 1994-01 | $3,140 |
| 16 | Latino Health Institute Inc | 95 Berkeley St Ste 600, Boston, MA 02116-6264 | MA | 1989-07 | $5,429,042 |
| 17 | Latino Professional Network Inc | PO BOX 960601, Boston, MA 02196-0601 | MA | 1997-02 | $55,819 |
| 18 | Latino Resources Network Inc | 10 Phoenix Row Suite 101, Haverhill, MA 01830 | MA | 2003-10 | $41,800 |
| 19 | Latvian Medical Foundation | C/O B Zarins 175 Cambridge St, Boston, MA 02114 | MA | 1992-02 | $25,202 |
| 20 | Laura And Lorenz Reibling Family Foundation | 22 Batterymarch Street, Boston, MA 02109-4812 | MA | 2006-09 | $32 |
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