Lauring Charitable Foundation in Worcester, 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
| Lauring Charitable Foundation | |
| Employer Identification Number (EIN) | 043371173 |
| Name of Organization | Lauring Charitable Foundation |
| In Care of Name | John F Lauring |
| Address | 23 Brigham Rd, Worcester, MA 01609-1005 |
| Activities | School, college, trade school, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 11/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $9,358,413 |
| Amount of Income | $788,332 |
| Form 990 Revenue Amount | $94,414 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Education (Not Elsewhere Classified) |
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 | $220,150 | $220,150 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $30 | |||
| Dividends and interest from securities | $172,089 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $48,031 | |||
| Total expenses and disbursements | $540,085 | $3,122 | $0 | $536,983 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,692 | $3,122 | $590 | |
| Contributions, gifts, grants paid | $536,393 | |||
| Excess of revenue over expenses and disbursements | $-319,935 | |||
| Net investment income | $217,028 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $9,758,724 | $10,641,452 |
| Cash - non-interest-bearing | $78,218 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $9,655,154 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $25,352 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $9,758,724 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $48,031 |
| 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 | $2,170 |
| Total credits and payments | $6,245 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $6,245 |
| 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 | $4 |
| Tax due | $0 |
| Overpayment | $4,071 |
| Amount to be credited to 2013 estimated tax | $4,071 |
| 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 | $10,508,623 |
| Net value of noncharitable-use assets | $10,351,000 |
| Minimum investment return | $517,550 |
| Distributable Amount (for 2012) | |
| Distributable amount | $515,380 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $515,380 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $510,380 |
| 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 | Latino Professional Network Inc | PO BOX 960601, Boston, MA 02196-0601 | MA | 1997-02 | $55,819 |
| 2 | Latino Resources Network Inc | 10 Phoenix Row Suite 101, Haverhill, MA 01830 | MA | 2003-10 | $41,800 |
| 3 | Latvian Medical Foundation | C/O B Zarins 175 Cambridge St, Boston, MA 02114 | MA | 1992-02 | $25,202 |
| 4 | Laura And Lorenz Reibling Family Foundation | 22 Batterymarch Street, Boston, MA 02109-4812 | MA | 2006-09 | $32 |
| 5 | Laura Stratton Dewey Foundation | 186 Alewife Brook Pkwy Ste 200, Cambridge, MA 02138-1134 | MA | 1965-01 | $1,370,121 |
| 6 | Laurel Brook Club Inc | 117 Carpenter St Co Jonathan Knowl, Rehoboth, MA 02769 | MA | 1934-04 | $100,703 |
| 7 | Laurel Education Center Inc | 1436 Long Pond Rd, Brewster, MA 02631-2828 | MA | 1994-03 | $952,924 |
| 8 | Laurel Hill Association Of Stockbridge | 50 Main Street, Stockbridge, MA 01262 | MA | 1985-04 | $242,944 |
| 9 | Laurel Park Association | 2 Laurel Park, Northampton, MA 01060 | MA | 1953-09 | $9,224 |
| 10 | Laurence W Gannon Building Association Inc | Great Woods Road, Lynn, MA 01901 | MA | 1982-06 | $1,588,527 |
| 11 | Lauring Charitable Foundation | 23 Brigham Rd, Worcester, MA 01609-1005 | MA | 1997-11 | $788,332 |
| 12 | Lavonne Horowitz Charitable Foundation Inc, Comenzo Sheryl Pres | 12 Evelyn Rd, Newton, MA 02468-1217 | MA | 1998-10 | $7,019 |
| 13 | Law Enforcement Against Prohibition Educational Fund Inc | 121 Mystic Ave Ste 7, Medford, MA 02155-4630 | MA | 2003-11 | $688,623 |
| 14 | Law Of One Research Corp | 20 Albee Dr, Braintree, MA 02184-8252 | MA | 1996-08 | $0 |
| 15 | Law-Reed-Huss Farm Foundation | 2 Catherines Farm Rd, Wayland, MA 01778-1038 | MA | 2001-09 | $18,365 |
| 16 | Lawrence A & Joan E Siff Foundation | 306 Main Street No 400, Worcester, MA 01608-1550 | MA | 2004-08 | $104,892 |
| 17 | The Lawrence And Lillian Solomon Foundation Inc | Ten Laurel Ave 2nd Floor, Wellesley, MA 02481 | MA | 2005-05 | $2,524,865 |
| 18 | Lawrence Boys Club & Girls Club Inc | 136 Water St, Lawrence, MA 01841-4722 | MA | 1950-02 | $2,641,162 |
| 19 | Lawrence Community Access Television | 23 Pleasant St, Lawrence, MA 01841-2949 | MA | 2006-06 | $344,073 |
| 20 | Lawrence Community Works Inc | 168 Newbury St, Lawrence, MA 01841-3910 | MA | 1993-12 | $4,088,725 |
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