Lillian M Bassett Private Founda Tion Eastern Bank & Trust Co in Saugus, 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
| Lillian M Bassett Private Founda Tion Eastern Bank & Trust Co | |
| Employer Identification Number (EIN) | 046606391 |
| Name of Organization | Lillian M Bassett Private Founda Tion Eastern Bank & Trust Co |
| Address | 605 Broadway Lf41, Saugus, MA 01906-3200 |
| Subsection | Charitable Organization |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $206,896 |
| Amount of Income | $110,295 |
| Form 990 Revenue Amount | $6,779 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $19,450 | $19,268 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $5,428 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $14,022 | |||
| Total expenses and disbursements | $11,234 | $1,513 | $0 | $9,606 |
| Compensation of officers, directors, trustees, etc. | $3,026 | |||
| Total operating and administrative expenses | $3,234 | $1,513 | $1,606 | |
| Contributions, gifts, grants paid | $8,000 | |||
| Excess of revenue over expenses and disbursements | $8,216 | |||
| Net investment income | $17,755 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $208,734 | $223,408 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $208,734 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $208,734 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $14,022 |
| 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 | $355 |
| Total credits and payments | $52 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $52 |
| 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 | $303 |
| 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? | Yes |
| 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 | $220,903 |
| Net value of noncharitable-use assets | $217,580 |
| Minimum investment return | $10,879 |
| Distributable Amount (for 2012) | |
| Distributable amount | $10,524 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $10,524 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $6,857 |
| 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 | Light Boston Inc | 139a Charles Street Suite 314, Boston, MA 02114-3252 | MA | 1998-10 | $15,469 |
| 2 | Light Of Cambodian Children Inc | PO BOX 1324, Lowell, MA 01853-1324 | MA | 2000-05 | $111,205 |
| 3 | Light Of Christ Ministries Inc | PO BOX 159, North Quincy, MA 02171-0003 | MA | 1999-09 | $19,799 |
| 4 | Light Of India Charity | 55 Heatherwood Dr, Marlborough, MA 01752-6070 | MA | 2002-09 | $22,903 |
| 5 | Lighthouse Academies | 1661 Worcester Rd Ste 207, Framingham, MA 01701-5401 | MA | 2004-03 | $22,916,732 |
| 6 | Lighthouse Events Inc | 33 Toppans Ln, Newburyport, MA 01950-3842 | MA | 2008-01 | $51,612 |
| 7 | Lighthouse Figure Skating Club | PO BOX 1363, South Dennis, MA 02660-1363 | MA | 2006-07 | $18,853 |
| 8 | Lighthouse Foundation Inc | 25 Wellman Ave, North Chelmsford, MA 01863 | MA | 1989-06 | $0 |
| 9 | Lighthouse Hospice Foundation Inc | 529 Main St Ste 101, Charlestown, MA 02129-1122 | MA | 2005-11 | $236,447 |
| 10 | Lightwing Institute In The Berkshires Inc | PO BOX L, Cheshire, MA 01225-0471 | MA | 1993-08 | $1 |
| 11 | Lillian M Bassett Private Founda Tion Eastern Bank & Trust Co | 605 Broadway Lf41, Saugus, MA 01906-3200 | MA | $110,295 | |
| 12 | Lilly Library Association | 19 Meadow St, Florence, MA 01062-1230 | MA | 1951-06 | $503,501 |
| 13 | Lilly O Productions Inc | PO BOX 1367, Provincetown, MA 02657-5367 | MA | 2008-05 | $5,150 |
| 14 | Limitless Hope | 155 Ford Road, Sudbury, MA 01776 | MA | 2007-09 | $156 |
| 15 | Lincoln And Therese Filene Foundation Inc | PO BOX 5140, Boston, MA 02205 | MA | 1940-05 | $3,479,379 |
| 16 | Lincoln Eliot School Parent-Teacher Organization Inc | 191 Pearl St, Newton, MA 02458-1446 | MA | 2009-06 | $135,671 |
| 17 | Lincoln Extended Activities Program | Co Leap Ballfield Road, Lincoln, MA 01773 | MA | 1984-09 | $332,599 |
| 18 | Lincoln Foundation Inc | 16 Tower Rd, Lincoln, MA 01773-3210 | MA | 2001-11 | $16,332 |
| 19 | Lincoln Garden Club | Po Box 385, Lincoln, MA 01773 | MA | 1980-02 | $10,074 |
| 20 | Lincoln Institute Of Land Policy Inc | 113 Brattle St, Cambridge, MA 02138-3407 | MA | 1974-09 | $3,888,386 |
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