Lynch Foundation in Boston, 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
- Revenue, Expenses, and Changes in Net Assets or Fund Balances
- Statement of Functional Expenses
- Balance Sheets
- Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
- Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
- Current Officers, Directors, Trustees, and Key Employees
- Other Information
- Analysis of Income-Producing Activities
- Information Regarding Taxable Subsidiaries and Disregarded Entities
- Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees
- Statements About Activities
- Reason for Non-Private Foundation Status
- Information about the supported organizations
- Support Schedule
- Lobbying Expenditures by Electing Public Charities
- Other organizations in Massachusetts
| Lynch Foundation | |
| Employer Identification Number (EIN) | 043017940 |
| Name of Organization | Lynch Foundation |
| Address | 280 Congress St Ste 1300, Boston, MA 02210-1004 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1988 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Cooperative |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $50,000,000 to greater |
| Income | $50,000,000 to greater |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $129,797,502 |
| Amount of Income | $207,812,514 |
| Form 990 Revenue Amount | $19,761,417 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (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 | $11,705,489 | $11,705,489 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $787,505 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $10,917,984 | |||
| Total expenses and disbursements | $8,363,795 | $606,929 | $0 | $8,233,196 |
| Compensation of officers, directors, trustees, etc. | $291,506 | |||
| Total operating and administrative expenses | $1,556,587 | $606,929 | $1,425,988 | |
| Contributions, gifts, grants paid | $6,807,208 | |||
| Excess of revenue over expenses and disbursements | $3,341,694 | |||
| Net investment income | $11,098,560 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $91,915,005 | $91,915,005 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $83,221,723 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $2,851,560 | |
| Other | $5,841,722 | |
| Total liabilities | $165,103 | |
| Mortgages and other notes payable | $0 | |
| Other | $165,103 | |
| Total liabilities and net assets/fund balances | $91,749,902 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $10,917,984 |
| 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 | $221,971 |
| Total credits and payments | $248,604 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $248,604 |
| 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 | $1,103 |
| Tax due | $0 |
| Overpayment | $25,530 |
| Amount to be credited to 2013 estimated tax | $25,530 |
| 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 | $93,131,720 |
| Net value of noncharitable-use assets | $91,734,740 |
| Minimum investment return | $4,586,737 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,364,766 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,364,766 |
| 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 |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||||||
| 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |
|---|---|---|---|---|---|---|---|---|
| Total revenue | $10,574,647 | $7,747,066 | $687,916 | $24,046,911 | $14,990,962 | $15,654,256 | $18,621,764 | $19,761,417 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Contributions to donor advised funds | $0 | $0 | ||||||
| Direct public support | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Indirect public support | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Government contributions (grants) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest on savings and temporary cash investments | $192,944 | $400,613 | $0 | $0 | $0 | $0 | $61,939 | $49,674 |
| Dividends and interest from securities | $369,788 | $441,572 | $605,941 | $484,728 | $454,849 | $684,891 | $759,495 | $1,113,086 |
| Net rental income or (loss) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross rents | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Less: rental expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other investment income | $0 | $84,011 | $-1,397,670 | $-361,349 | $0 | $0 | $0 | $0 |
| Gain or (loss) from sales of assets other than inventory | $10,011,915 | $6,820,870 | $1,479,645 | $23,923,532 | $14,524,763 | $15,034,076 | $17,791,556 | $18,598,657 |
| Gross amount from sales of assets other than inventory | $43,917,209 | $60,854,918 | $88,159,833 | $111,383,184 | $107,613,684 | $117,673,503 | $122,273,452 | $161,493,472 |
| Less: cost or other basis and sales expenses | $33,905,294 | $54,034,048 | $86,680,188 | $87,459,652 | $93,088,921 | $102,639,427 | $104,481,896 | $142,894,815 |
| Net income or (loss) from special events and activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Less: direct expenses other than fundraising expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross profit or (loss) from sales of inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross sales of inventory, less returns and allowances | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Less: cost of goods sold | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 | $11,350 | $-64,711 | $8,774 | $0 |
| Total expenses | $2,947,521 | $4,415,806 | $4,641,250 | $4,305,014 | $4,394,490 | $4,867,001 | $5,958,829 | $6,655,730 |
| Program services | $2,879,500 | $4,236,500 | $4,386,681 | $3,626,689 | $3,832,500 | $4,253,620 | $5,365,655 | $5,981,080 |
| Management and general | $68,021 | $179,306 | $254,569 | $678,325 | $561,990 | $613,381 | $593,174 | $674,650 |
| Fundraising | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Payments to affiliates | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $53,401,645 | $51,031,899 | $41,111,276 | $74,210,789 | $82,752,937 | $89,384,422 | $105,800,793 | $113,811,409 |
| Excess or (deficit) for the year | $7,627,126 | $3,331,260 | $-3,953,334 | $19,741,897 | $10,596,472 | $10,787,255 | $12,662,935 | $13,105,687 |
| Net assets or fund balances at beginning of year | $45,774,519 | $53,401,645 | $51,031,899 | $41,111,276 | $74,210,789 | $82,752,937 | $89,384,422 | $105,800,793 |
| Other changes in net assets or fund balances | $0 | $-5,701,006 | $-5,967,289 | $13,357,616 | $-2,054,324 | $-4,155,770 | $3,753,436 | $-5,095,071 |
| Statement of Functional Expenses (for 2007) | ||||
| Total | Program services | Management and general | Fundraising | |
|---|---|---|---|---|
| Total functional expenses | $6,655,730 | $5,981,080 | $674,650 | $0 |
| Grants paid from donor advised funds | $0 | |||
| Other grants and allocations | $5,620,645 | |||
| Specific assistance to individuals | $0 | |||
| Benefits paid to or for members | $0 | |||
| Compensation of current officers, directors, key employees, etc. | $172,946 | $86,473 | $86,473 | $0 |
| Compensation of former officers, directors, key employees, etc. | $0 | $0 | $0 | $0 |
| Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) | $0 | $0 | $0 | $0 |
| Salaries and wages of employees not included above | $263,875 | $229,884 | $33,991 | $0 |
| Pension plan contributions not included above | $0 | $0 | $0 | $0 |
| Employee benefits not included above | $11,051 | $7,787 | $3,264 | $0 |
| Payroll taxes | $28,149 | $15,339 | $12,810 | $0 |
| Professional fundraising fees | $0 | $0 | $0 | $0 |
| Accounting fees | $34,550 | $0 | $34,550 | $0 |
| Legal fees | $1,538 | $0 | $1,538 | $0 |
| Supplies | $0 | $0 | $0 | $0 |
| Telephone | $0 | $0 | $0 | $0 |
| Postage and shipping | $0 | $0 | $0 | $0 |
| Occupancy | $41,904 | $20,952 | $20,952 | $0 |
| Equipment rental and maintenance | $0 | $0 | $0 | $0 |
| Printing and publications | $0 | $0 | $0 | $0 |
| Travel | $0 | $0 | $0 | $0 |
| Conferences, conventions, and meetings | $0 | $0 | $0 | $0 |
| Interest | $0 | $0 | $0 | $0 |
| Depreciation, depletion, etc. | $0 | $0 | $0 | $0 |
| Other expenses not covered above | $481,072 | $0 | $481,072 | $0 |
| Balance Sheets | ||||||||
| 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $53,401,645 | $51,031,899 | $41,111,276 | $74,210,789 | $82,752,937 | $89,384,422 | $105,800,793 | $113,811,409 |
| Cash - non-interest-bearing | $1,214,412 | $760,568 | $172,723 | $2,433,491 | $600,772 | $3,048,862 | $4,798,050 | $3,303,329 |
| Savings and temporary cash investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts receivable less allowance for doubtful accounts | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Pledges receivable less allowance for doubtful accounts | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Grants receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Receivables from current and former officers, directors, trustees, and key employees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) | $0 | $0 | ||||||
| Other notes and loans receivable less allowance for doubtful accounts | $1,307,113 | $1,120,712 | $739,289 | $492,867 | $246,401 | $0 | $0 | $0 |
| Inventories for sale or use | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Prepaid expenses and deferred charges | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investments - publicly-traded securities | $97,676,755 | $105,402,207 | ||||||
| Investments - other securities | $50,880,120 | $49,150,619 | $38,472,763 | $67,795,858 | $78,700,783 | $82,329,565 | $3,325,988 | $5,105,873 |
| Investments - land, buildings, and equipment less accumulated depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investments - other | $0 | $0 | $1,726,501 | $3,488,573 | $3,204,981 | $4,005,995 | $0 | $0 |
| Land, buildings, and equipment less accumulated depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other assets, including program-related investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts payable and accrued expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Grants payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Loans from officers, directors, trustees, and key employees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Tax-exempt bond liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Mortgages and other notes payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities and net assets/fund balances | $53,401,645 | $51,031,899 | $41,111,276 | $74,210,789 | $82,752,937 | $89,384,422 | $105,800,793 | $113,811,409 |
| Total net assets or fund balances | $53,401,645 | $51,031,899 | $41,111,276 | $74,210,789 | $82,752,937 | $89,384,422 | $105,800,793 | $113,811,409 |
| Reconciliation of Revenue per Audited Financial Statements With Revenue per Return | ||||||||
| 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |
|---|---|---|---|---|---|---|---|---|
| Total revenue | $0 | $7,747,066 | $0 | $0 | $0 | $0 | $0 | $19,761,417 |
| Total revenue, gains, and other support per audited financial statements | $0 | $842,185 | $0 | $0 | $0 | $0 | $0 | $14,666,346 |
| Other expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $-5,095,071 |
| Net unrealized gains on investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Donated services and use of facilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Recoveries of prior year grants | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $-5,095,071 |
| Other revenue | $0 | $6,904,881 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investment expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | $0 | $6,904,881 | $0 | $0 | $0 | $0 | $0 | $0 |
| Reconciliation of Expenses per Audited Financial Statements With Expenses per Return | ||||||||
| 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |
|---|---|---|---|---|---|---|---|---|
| Total expenses | $0 | $4,415,806 | $0 | $0 | $0 | $0 | $0 | $6,655,730 |
| Total expenses and losses per audited financial statements | $0 | $4,415,806 | $0 | $0 | $0 | $0 | $0 | $6,655,730 |
| Other revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Donated services and use of facilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Prior year adjustments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Losses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investment expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Officers, Directors, Trustees, and Key Employees | |||
| Average hours per week devoted to position | Compensation | Contributions to employee benefit plans & deferred compensation plans | Expense account and other allowances |
|---|---|---|---|
| 40 | $158,000 | $14,946 | $0 |
| Total number of officers, directors, and trustees permitted to vote on organization business at board meetings | 9 |
| Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships? | Yes |
| Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization? | No |
| Does the organization have a written conflict of interest policy? | Yes |
| Other Information | |
| Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year? | No |
| Was there a liquidation, dissolution, termination, or substantial contraction during the year? | No |
| Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization? | No |
| Direct and indirect political expenditures | $0 |
| Did the organization file Form 1120-POL for this year? | No |
| Were substantially all dues nondeductible by members? | |
| Did the organization make only in-house lobbying expenditures of $2,000 or less? | |
| Dues, assessments, and similar amounts from members | $0 |
| Section 162(e) lobbying and political expenditures | $0 |
| Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices | $0 |
| Taxable amount of lobbying and political expenditures | $0 |
| Does the organization elect to pay the section 6033(e) tax on the amount above? | |
| If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year? | |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)? | No |
| Amount of tax imposed on the organization during the year under: section 4911 | $0 |
| Amount of tax imposed on the organization during the year under: section 4912 | $0 |
| Amount of tax imposed on the organization during the year under: section 4955 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year? | No |
| Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958 | $0 |
| Amount of tax above, reimbursed by the organization | $0 |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| Did the organization acquire a direct or indirect interest in any applicable insurance contract? | No |
| Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year? | No |
| Number of employees employed in the pay period that includes March 12, 2006 | 3 |
| Analysis of Income-Producing Activities (for 2007) | |||||
| Unrelated business income | Excluded by section 512, 513, or 514 | Related or exempt function income | |||
|---|---|---|---|---|---|
| Business code | Amount | Exclusion code | Amount | ||
| Total | $0 | $19,761,417 | $0 | ||
| Program service revenue | |||||
| Program service revenue 1 | 000000 | $0 | 00 | $0 | $0 |
| Program service revenue 2 | 000000 | $0 | 00 | $0 | $0 |
| Program service revenue 3 | 000000 | $0 | 00 | $0 | $0 |
| Program service revenue 4 | 000000 | $0 | 00 | $0 | $0 |
| Program service revenue 5 | 000000 | $0 | 00 | $0 | $0 |
| Medicare/Medicaid payments | 000000 | $0 | 00 | $0 | $0 |
| Fees and contracts from government agencies | 000000 | $0 | 00 | $0 | $0 |
| Membership dues and assessments | 000000 | $0 | 00 | $0 | $0 |
| Interest on savings and temporary cash investments | 000000 | $0 | Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1) | $49,674 | $0 |
| Dividends and interest from securities | 000000 | $0 | Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1) | $1,113,086 | $0 |
| Net rental income or (loss) from real estate | |||||
| debt-financed property | 000000 | $0 | 00 | $0 | $0 |
| not debt-financed property | 000000 | $0 | 00 | $0 | $0 |
| Net rental income or (loss) from personal property | 000000 | $0 | 00 | $0 | $0 |
| Other investment income | 000000 | $0 | 00 | $0 | $0 |
| Gain or (loss) from sales of assets other than inventory | 000000 | $0 | Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A)) | $18,598,657 | $0 |
| Net income or (loss) from special events | 000000 | $0 | 00 | $0 | $0 |
| Gross profit or (loss) from sales of inventory | 000000 | $0 | 00 | $0 | $0 |
| Other revenue | 000000 | $0 | 00 | $0 | $0 |
| Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007) | |||
| EIN of corporation, partnership, or disregarded entity | Percentage of ownership interest | Total income | End-of-year assets |
|---|---|---|---|
| 0% | $0 | $0 | |
| 0% | $0 | $0 | |
| 0% | $0 | $0 | |
| 0% | $0 | $0 | |
| Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007) | ||
| Compensation | Contributions to employee benefit plans & deferred compensation | Expense account and other allowances |
|---|---|---|
| $55,000 | $1,304 | $0 |
| $140,000 | $4,253 | $0 |
| $0 | $0 | $0 |
| $0 | $0 | $0 |
| $0 | $0 | $0 |
| Total number of other employees paid over $50,000 | 0 |
| Statements About Activities (for 2007) | |
| Expenses paid or incurred in connection with the lobbying activities | $0 |
| Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures? | No |
| Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services? | No |
| Did the organization maintain any donor advised funds? | No |
| Did the organization make any taxable distributions under section 4966? | No |
| Did the organization make a distribution to a donor, donor advisor, or related person? | No |
| The total number of donor advised funds owned at the end of the tax year | $0 |
| The aggregate value of assets held in all donor advised funds owned at the end of the tax year | $0 |
| The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts | $0 |
| The aggregate value of assets held in all funds or accounts included above at the end of the tax year | $0 |
| Reason for Non-Private Foundation Status | |
| The organization is not a private foundation because it is | Not controlled by disqualified persons/supports non private foundation |
| Type of supporting organization | Type I |
| Information about the supported organizations | ||||
| Employer identification number (EIN) | Name of organization | Type of organization | Is the supported organization listed in the supporting organization's governing documents? | Amount of support |
|---|---|---|---|---|
| 042105776 | Assumption College | No | $100,000 | |
| 042324999 | No | $200,000 | ||
| 562438574 | Cathedral High School Inc | No | $35,000 | |
| 222485502 | Catholic Schools Foundation Inc | No | $250,000 | |
| 237184818 | Gregorian University Foundation Inc | No | $6,000 | |
| 042134818 | Laboure College | No | $50,000 | |
| 521859814 | Montserrat College Of Art Inc | No | $10,000 | |
| 042104229 | Stonehill College Inc | No | $50,000 | |
| 042104229 | Stonehill College Inc | No | $50,000 | |
| 042133255 | Suffolk University | No | $75,000 | |
| 061008595 | Americares Foundation Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $10,000 |
| 043314093 | Boston Medical Center Corporation | No | $100,000 | |
| 042104791 | Childrens Friend And Family Services Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $50,000 |
| 300172078 | Design That Matters Inc | No | $50,000 | |
| 042697983 | Partners Healthcare System Inc, General Hospital Corporation | No | $200,000 | |
| 562529097 | National Autism Center Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $40,000 |
| 043567502 | Partners In Health A Nonprofit Corporation | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $50,000 |
| 520889518 | Special Olympics Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $200,000 |
| 237242294 | Special Olympics Massachusetts Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $5,000 |
| 237242294 | Special Olympics Massachusetts Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $100,000 |
| 042104866 | St Anns Home Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $350,000 |
| 042103993 | Childrens Museum | No | $115,000 | |
| 042103993 | Childrens Museum | No | $500,000 | |
| 043414988 | Emerald Necklace Conservancy Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $50,000 |
| 042609422 | First Night Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $25,000 |
| 043020719 | Gloucester Adventure Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $25,000 |
| 042104397 | Wgbh Educational Foundation | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $100,000 |
| 043132674 | Zumix Inc | No | $75,000 | |
| 364077384 | American Friends Of The Ecole Biblique | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $10,000 |
| 232511991 | The Papal Foundation | No | $25,000 | |
| 042761636 | Facing History And Ourselves National Foundation Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $5,000 |
| 222667403 | Bpe | Community Trust | No | $10,000 |
| 043223871 | Boston Employment Service Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $50,000 |
| 042103922 | Boys And Girls Clubs Of Boston Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $50,000 |
| 222485502 | Catholic Schools Foundation Inc | No | $18,000 | |
| 222485502 | Catholic Schools Foundation Inc | No | $21,645 | |
| 222485502 | Catholic Schools Foundation Inc | No | $50,000 | |
| 222485502 | Catholic Schools Foundation Inc | No | $80,000 | |
| 222882549 | City Year Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $25,000 |
| 042104357 | Jewish Vocational Service Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $10,000 |
| 043262046 | Jumpstart For Young Children Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $50,000 |
| 223207958 | Mass Mentoring Partnership Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $50,000 |
| 043542980 | Massachusetts Youth Committed To Winning Inc | No | $12,500 | |
| 521674088 | National Mentoring Partnership | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $2,500 |
| 043315942 | Boston Ten Point Coalition Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $5,000 |
| 043482756 | America Scores New England | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $10,000 |
| 043411388 | Piers Park Sailing Center Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $15,000 |
| 042457732 | Interseminarian-Project Place Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $25,000 |
| 043194684 | Project Rise | No | $25,000 | |
| 223223641 | Roca Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $50,000 |
| 222519129 | Saint Francis House Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $25,000 |
| 043201844 | St Marys Center For Women And Children | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $50,000 |
| 680200138 | Summer Search | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $25,000 |
| 043452763 | Tenacity Inc | No | $50,000 | |
| 043080098 | Youthbuild Boston Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $50,000 |
| 042457605 | Associated Grant Makers Inc | Organization that receives a substantial part of its support from a governmental unit or from the general public | No | $250 |
| 650617866 | Association Of Small Foundations | No | $1,000 | |
| 042794047 | My Brothers Table Inc | No | $5,000 | |
| Total | $5,620,645 | |||
| Support Schedule | ||||||||
| 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | |
|---|---|---|---|---|---|---|---|---|
| Total | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gifts, grants, and contributions received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Membership fees received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income from unrelated business activities not included above | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lobbying Expenditures by Electing Public Charities (for 2007) | |
| Total exempt purpose expenditures | $0 |
| Total lobbying expenditures | $0 |
| Total lobbying expenditures to influence public opinion (grassroots lobbying) | $0 |
| Total lobbying expenditures to influence a legislative body (direct lobbying) | $0 |
| Other exempt purpose expenditures | $0 |
| Lobbying nontaxable amount | $0 |
| Grassroots nontaxable amount | $0 |
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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Leon M Fitch Shrine Hospital Trust State Street Bank & Trust Co | 1 Lincoln Street Ssfc 24, Boston, MA 02111-2900 | MA | 1985-09 | $1,418,778 |
| 2 | Massachusetts Charitable Society | 177 Milk St Lbby 1, Boston, MA 02109-3415 | MA | 1939-01 | $1,388,924 |
| 3 | Robert I Lappin 1992 Supporting Foundation, Lappin Robert I Ttee | PO BOX 986, Salem, MA 01970-5986 | MA | 1993-03 | $408,567 |
| 4 | Solidago Foundation Inc | Northampton, MA 01060 | MA | $999,952 | |
| 5 | Supreme Council Benevolent Foundation | 33 Marrett Rd, Lexington, MA 02421-5703 | MA | 1955-12 | $154,160,046 |
| 6 | United Way Of Massachusetts Bay Inc | 51 Sleeper Street, Boston, MA 02210-1276 | MA | 1965-08 | $48,850,767 |
| 7 | Yawkey Foundation | 990 Washington St Ste 315, Dedham, MA 02026-6719 | MA | 1977-04 | $22,609,337 |
| 8 | Alice E Sias Trust Uw T-15172 Fbo Lahey Clinic Foundation | 1 Lincoln Street Ssfc 24, Boston, MA 02111-2900 | MA | 1979-02 | $1,496,129 |
| 9 | Elizabeth Deblois Charitable Trust Dtd 113068, Rice Neil W Ttee | 50 Congress St Ste 1025, Boston, MA 02109-4022 | MA | 1990-11 | $8,604,807 |
| 10 | G Gorham Peters Trust Uw | 45 School St Fl 5, Boston, MA 02108-3207 | MA | 1998-06 | $2,163,737 |
| 11 | Lynch Foundation | 280 Congress St Ste 1300, Boston, MA 02210-1004 | MA | 1988-10 | $207,812,514 |
| 12 | Open Geospatial Consortium Inc | 35 Main St Ste 5, Wayland, MA 01778-5037 | MA | 1995-11 | $5,580,220 |
| 13 | Picmg-Pci Industrial Computer Manufacturers Inc, Pci Mfg | 401 Edgewater Place, Wakefield, MA 01880-6201 | MA | 1997-09 | $474,477 |
| 14 | James M And Cathleen D Stone Foundation Inc | 125 High St, Boston, MA 02110-2704 | MA | 1995-04 | $1,433,959 |
| 15 | Marine Studies Consortium | 37 Hillcroft Rd, Jamaica Plain, MA 02130-3042 | MA | 1981-06 | $30,726 |
| 16 | Woods Hole Research Center Inc | 149 Woods Hole Rd, Falmouth, MA 02540-1644 | MA | 1991-10 | $12,796,501 |
| 17 | American Association Of Variable Star Observers | 49 Bay State Rd, Cambridge, MA 02138-1203 | MA | 1954-02 | $10,338,876 |
| 18 | Charles Stark Draper Laboratory Inc | 555 Technology Sq, Cambridge, MA 02139-3539 | MA | 1973-03 | $555,895,206 |
| 19 | Mitre Corporation | 202 Burlington Rd, Bedford, MA 01730-1407 | MA | 1960-07 | $1,385,688,000 |
| 20 | Massachusetts Biotechnology Research Institute Inc | 60 Prescott Street, Worcester, MA 01605-2661 | MA | 1985-12 | $2,911,077 |
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