Malcolm Smith Charitable Trust Fbo 1st Congregational Church Rowley 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
| Malcolm Smith Charitable Trust Fbo 1st Congregational Church Rowley | |
| Employer Identification Number (EIN) | 043133772 |
| Name of Organization | Malcolm Smith Charitable Trust Fbo 1st Congregational Church Rowley |
| In Care of Name | Eastern Bank |
| Address | 605 Broadway Lf 42, Saugus, MA 01906-3200 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $74,394 |
| Amount of Income | $5,704 |
| Form 990 Revenue Amount | $1,736 |
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 | $2,864 | $2,803 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,738 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1,126 | |||
| Total expenses and disbursements | $5,605 | $1,021 | $0 | $4,558 |
| Compensation of officers, directors, trustees, etc. | $1,361 | |||
| Total operating and administrative expenses | $1,405 | $1,021 | $358 | |
| Contributions, gifts, grants paid | $4,200 | |||
| Excess of revenue over expenses and disbursements | $-2,741 | |||
| Net investment income | $1,782 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $78,135 | $89,602 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $78,135 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $78,135 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,126 |
| 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 | $36 |
| Total credits and payments | $16 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $16 |
| 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 | $20 |
| 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? | 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 | $92,056 |
| Net value of noncharitable-use assets | $90,680 |
| Minimum investment return | $4,534 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,498 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,498 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $4,069 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Major David Scott Connolly Foundation Inc, Debra Connolly Ttee | C/O G Connolly 14 Tower Ave, Needham, MA 02194 | MA | 2006-12 | $8,586 |
| 2 | Major John F Regan Memorial Charitable Tr | 57 Fox Hill Rd, Mashpee, MA 02649 | MA | 1987-03 | $10,258 |
| 3 | Major Taylor Association Inc | PO BOX 20131, Worcester, MA 01602-0131 | MA | 2001-02 | $8,272 |
| 4 | Make A Wish Foundation Of Western And Central Massachusetts Inc | 1 Armory Sq, Springfield, MA 01105-1204 | MA | 1987-09 | $766,293 |
| 5 | Make-A-Wish Foundation Of Massachusetts And Rhode Island Inc | 1 Bulfinch Place 2nd Floor, Boston, MA 02114-2915 | MA | 1993-12 | $8,570,484 |
| 6 | Makepeace Foundation Tr, Coxe Peter M & Dale O Ttee | 10 Brown St, Marblehead, MA 01945-3702 | MA | 2001-01 | $250,276 |
| 7 | Makepeace Neighborhood Fund | 158 Tihonet Rd, Wareham, MA 02571-1104 | MA | 2005-08 | $132,700 |
| 8 | Making A Difference In Peabody Foundation Inc | 49 Lowell St, Peabody, MA 01960-5411 | MA | 2004-03 | $44,682 |
| 9 | Makula Fund For Children Inc | 20 Wachusett St, Jamaica Plain, MA 02130-4138 | MA | 2006-03 | $45,730 |
| 10 | Malcolm F Macneil Family Fdn Ii | 247 Lincoln Rd, Lincoln, MA 01773-5100 | MA | 1973-06 | $420,194 |
| 11 | Malcolm Smith Charitable Trust Fbo 1st Congregational Church Rowley | 605 Broadway Lf 42, Saugus, MA 01906-3200 | MA | 1993-05 | $5,704 |
| 12 | Malcolm X-Ella L Little Collins Family Foundation Inc | 72 Dale St, Boston, MA 02119-1660 | MA | 2002-12 | $1 |
| 13 | Malcom And Elizabeth Fraser Foundation Inc | 101 Federal St Fl 14, Boston, MA 02110-1859 | MA | 1999-03 | $3,166 |
| 14 | Malden Amateur Hockey Association Inc | 1 Malden St, Malden, MA 02148-6610 | MA | 2014-10 | $192,008 |
| 15 | Malden Babe Ruth League Baseball | 36 Gilbert St, Malden, MA 02148-1719 | MA | 2014-02 | $48,057 |
| 16 | Malden Badminton Club Incorporated, Mbc | 19 Rosemont Street, Malden, MA 02148 | MA | 2006-01 | $0 |
| 17 | Malden Chamber Of Commerce | 200 Pleasant St Ste 416, Malden, MA 02148-4802 | MA | 1942-06 | $119,906 |
| 18 | Malden Chapt No 1505 Women Of The Moose | 562 Broadway, Malden, MA 02148 | MA | 1935-08 | $0 |
| 19 | Malden City Employees Credit Union | 200 Pleasant St, Malden, MA 02148-4802 | MA | 1944-09 | $370,149 |
| 20 | Malden Emergency Center Inc | PO BOX 154, Malden, MA 02148-0002 | MA | 1968-07 | $95,004 |
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