M Ruth Lee Scholarship Fund in Leominster, 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
| M Ruth Lee Scholarship Fund | |
| Employer Identification Number (EIN) | 042773935 |
| Name of Organization | M Ruth Lee Scholarship Fund |
| Address | 19 Water St, Leominster, MA 01453-3216 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 02/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $602,092 |
| Amount of Income | $214,530 |
| Form 990 Revenue Amount | $34,915 |
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 | $34,915 | $34,915 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $5 | |||
| Dividends and interest from securities | $19,047 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $15,863 | |||
| Total expenses and disbursements | $21,436 | $4,248 | $0 | $15,000 |
| Compensation of officers, directors, trustees, etc. | $975 | |||
| Total operating and administrative expenses | $6,436 | $4,248 | $0 | |
| Contributions, gifts, grants paid | $15,000 | |||
| Excess of revenue over expenses and disbursements | $13,479 | |||
| Net investment income | $30,667 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $602,357 | $638,655 |
| Cash - non-interest-bearing | $1,566 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $590,003 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $10,788 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $602,357 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $15,863 |
| 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 | $613 |
| Total credits and payments | $800 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $800 |
| 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 |
| Overpayment | $187 |
| Amount to be credited to 2013 estimated tax | $187 |
| 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 | $651,124 |
| Net value of noncharitable-use assets | $641,360 |
| Minimum investment return | $32,068 |
| Distributable Amount (for 2012) | |
| Distributable amount | $31,455 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $31,455 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $30,459 |
| 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 | Lyric West Theatre Company Inc | 50 Oakland St, Wellesely, MA 02481-5307 | MA | 1998-05 | $53,130 |
| 2 | M & J Family Foundation | 98 Arnold Rd, Pelham, MA 01002-9791 | MA | 1992-02 | $67,930 |
| 3 | M E L D Center Inc | 27 High St, Stoneham, MA 02180-1166 | MA | 1975-04 | $22,168 |
| 4 | M Florence Small Trust Co Ley & Young Pc | 115 Broad Street 4th Floor, Boston, MA 02110 | MA | 1992-11 | $10,843 |
| 5 | M Holt Massey Charitable Trust, Massey M Holt Ttee | PO BOX 140, Mansfield, MA 02048-0140 | MA | 1996-12 | $214,365 |
| 6 | M I T Womens Independent Living Group Corp | 355 Massachusetts Ave, Cambridge, MA 02139-4110 | MA | 1980-10 | $258,170 |
| 7 | M M A S Inc, Mansfield Music And Arts Society | 30 Crocker St, Mansfield, MA 02048-1937 | MA | 1994-05 | $329,544 |
| 8 | M Norcross Stratton School Pto | 180 Mountain Ave, Arlington, MA 02474-2023 | MA | 2006-10 | $66,331 |
| 9 | M O L I F E Inc | 43 Daniel St, Fairhaven, MA 02719-4501 | MA | 1996-03 | $993,880 |
| 10 | M Patricia Cronin Foundation To Fight Ovarian Cancer Inc | PO BOX 101, Quincy, MA 02170-0002 | MA | 2001-09 | $50,766 |
| 11 | M Ruth Lee Scholarship Fund | 19 Water St, Leominster, MA 01453-3216 | MA | 1983-02 | $214,530 |
| 12 | M S Worthington Foundation | 21 Vestal St, Nantucket, MA 02554-2630 | MA | 2006-03 | $1,060,501 |
| 13 | M W C Foundation N M & F | PO BOX 51400, Boston, MA 02205-1400 | MA | $5,382,907 | |
| 14 | M&a Charitable Tr, Finn Peter Ttee | 50 Rowes Wharf, Boston, MA 02110-3339 | MA | 2003-05 | $14,101 |
| 15 | Ma Agruculture In The Classroom Inc | PO BOX 345, Seekonk, MA 02771-0345 | MA | 1992-02 | $87,571 |
| 16 | Ma Ayan Inc | PO BOX 254, Newton, MA 02464-0002 | MA | 1993-11 | $140,590 |
| 17 | Ma Maritime Academy Foundation Inc | 101 Academy Dr, Buzzards Bay, MA 02532-3405 | MA | 1969-06 | $4,798,350 |
| 18 | Ma R S Foundation, Cohen Jed Ttee | 651 Orchard St Ste 106, New Bedford, MA 02744-1007 | MA | 1996-04 | $292 |
| 19 | Ma-1 Medical Response Team Inc | 21a Industrial Way, Wilmington, MA 01887-3433 | MA | 2008-06 | $0 |
| 20 | Maarten And Mavis Hemsley Family Foundation Inc | 265 Washington St, Duxbury, MA 02332-4541 | MA | 2008-05 | $608,847 |
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