Managers Of Boston Port And Seamens Aid Society in Salem, 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
| Managers Of Boston Port And Seamens Aid Society | |
| Employer Identification Number (EIN) | 042104688 |
| Name of Organization | Managers Of Boston Port And Seamens Aid Society |
| Address | 19 North Street, Salem, MA 01970-3970 |
| Activities | Other school related activities, Emergency or disaster aid fund, Other housing activities |
| Subsection | Charitable Organization |
| Ruling Date | 07/1973 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $16,123,043 |
| Amount of Income | $8,989,219 |
| Form 990 Revenue Amount | $820,074 |
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 | $820,074 | $371,468 | $686,855 | |
| Contributions, gifts, grants, etc., received | $30,000 | |||
| Interest on savings and temporary cash investments | $37 | |||
| Dividends and interest from securities | $268,212 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $418,606 | |||
| Other | $103,219 | |||
| Total expenses and disbursements | $977,429 | $68,013 | $68,013 | $958,619 |
| Compensation of officers, directors, trustees, etc. | $120,149 | |||
| Total operating and administrative expenses | $874,929 | $68,013 | $856,119 | |
| Contributions, gifts, grants paid | $102,500 | |||
| Excess of revenue over expenses and disbursements | $-157,355 | |||
| Net investment income | $303,455 | |||
| Adjusted net income | $618,842 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $15,398,298 | $16,509,160 |
| Cash - non-interest-bearing | $30,989 | |
| Investments-U.S. and state government obligations | $862,062 | |
| Investments-corporate stock | $2,209,686 | |
| Investments-corporate bonds | $2,702,813 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $4,787,564 | |
| Other | $4,805,184 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $15,398,298 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $103,219 |
| 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 | $3,035 |
| Total credits and payments | $5,931 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,931 |
| 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 | $0 |
| Overpayment | $2,896 |
| Amount to be credited to 2013 estimated tax | $2,896 |
| 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 | $11,880,675 |
| Net value of noncharitable-use assets | $11,702,460 |
| Minimum investment return | $585,123 |
| Distributable Amount (for 2012) | |
| Distributable amount | $582,088 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $582,088 |
| 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 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Malden High School 150thanniversary Committee Inc | 77 Salem St, Malden, MA 02148-5228 | MA | 2007-07 | $70,630 |
| 2 | Malden High School Band Parents Association, Na | 77 Salem St, Malden, MA 02148 | MA | 1986-10 | $0 |
| 3 | Malden High School Scholarship Inc | 605 Broadway Lf41, Saugus, MA 01906-3200 | MA | 1970-11 | $535,854 |
| 4 | Malden Industrial Aid Society | 605 Broadway Lf 41, Saugus, MA 01906-3283 | MA | 1947-10 | $459,410 |
| 5 | Malden Neighborhood Basketball League Inc | 180 Kennedy Drive Apt 205, Malden, MA 02148 | MA | 1991-01 | $26,058 |
| 6 | Malden Police Relief Asso Inc | 200 Pleasant St, Malden, MA 02148-4802 | MA | 1946-05 | $133,160 |
| 7 | Malden Public Library | 36 Salem St, Malden, MA 02148-5208 | MA | 1971-01 | $2,151,266 |
| 8 | Malik Academy | 808 Memorial Dr, Cambridge, MA 02139-4637 | MA | 2007-09 | $787,947 |
| 9 | Management Consulting Services Inc | 14 Beacon St Ste 707, Boston, MA 02108-3732 | MA | 1998-05 | $471,593 |
| 10 | Management Information Exchange | 99 Chauncy St Ste 716, Boston, MA 02111-1743 | MA | 1989-05 | $389,876 |
| 11 | Managers Of Boston Port And Seamens Aid Society | 19 North Street, Salem, MA 01970-3970 | MA | 1973-07 | $8,989,219 |
| 12 | Manchester Bath & Tennis Club Inc | PO BOX 1515, Manchester, MA 01944-0860 | MA | 1952-05 | $674,481 |
| 13 | Manchester Community Center Inc | PO BOX 212, Manchester, MA 01944-0212 | MA | 1969-01 | $69,457 |
| 14 | Manchester Education Fund Inc 7 Summer St | 109 Main St, Gloucester, MA 01930-5701 | MA | 1977-04 | $272,890 |
| 15 | Manchester Essex Conservation Tr Inv | PO BOX 1486, Manchester, MA 01944-0856 | MA | 1999-11 | $679,322 |
| 16 | Manchester Harbor Boat Club Inc | Po Box 1405, Manchester, MA 01944 | MA | 2000-06 | $0 |
| 17 | Manchester Historical Society | 10 Union St, Manchester, MA 01944-1553 | MA | 2000-09 | $2,112,245 |
| 18 | Manchester Junior Hornets Sports Program Inc | PO BOX 54, Manchester, MA 01944-0054 | MA | 1999-05 | $31,417 |
| 19 | Manchester Parent-Teacher Organization | 43 Lincoln Street, Manchester, MA 01944 | MA | 1995-02 | $0 |
| 20 | Manchester Sailing Association Inc | PO BOX 172, Manchester, MA 01944-0172 | MA | 1971-09 | $188,233 |
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