Margaret E Sherman Trust, Erskine Linwood M Jr Ttee in Worcester, 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
| Margaret E Sherman Trust, Erskine Linwood M Jr Ttee | |
| Employer Identification Number (EIN) | 046047750 |
| Name of Organization | Margaret E Sherman Trust |
| Secondary Name | Erskine Linwood M Jr Ttee |
| Address | 30 Highland St, Worcester, MA 01609-2704 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $126,998 |
| Amount of Income | $16 |
| Form 990 Revenue Amount | $22,803 |
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 | $39,767 | $39,767 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $7,099 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $32,668 | |||
| Total expenses and disbursements | $144,676 | $80,663 | $0 | $64,013 |
| Compensation of officers, directors, trustees, etc. | $114,000 | |||
| Total operating and administrative expenses | $139,676 | $80,663 | $59,013 | |
| Contributions, gifts, grants paid | $5,000 | |||
| Excess of revenue over expenses and disbursements | $-104,909 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $257,684 | $257,684 |
| 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 | $100,000 | |
| Other | $157,684 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $257,684 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $32,668 |
| 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 | $0 |
| Total credits and payments | $1,975 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,975 |
| 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 | $1,975 |
| Amount to be credited to 2013 estimated tax | $1,975 |
| 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 | $299,337 |
| Net value of noncharitable-use assets | $294,840 |
| Minimum investment return | $14,742 |
| Distributable Amount (for 2012) | |
| Distributable amount | $14,742 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $14,742 |
| 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 | Marc Ernest Pallotta Foundation Inc | 579 Millbury St, Worcester, MA 01610-2063 | MA | 1995-06 | $10,003 |
| 2 | Marcell & Maria Roth Fund Inc | 17 Berkeley St, Cambridge, MA 02138-3409 | MA | 1972-12 | $24,943 |
| 3 | Marconi Club Of Stoneham Mass Inc | 47 Pine St, Stoneham, MA 02180-2621 | MA | 1972-10 | $109,380 |
| 4 | Marcus Foundation Inc | 7 Cutler St, Hopedale, MA 01747-1001 | MA | 1991-07 | $362,338 |
| 5 | Marcus Lewis Day Camp Scholarship Fund | 54 Woods Ln, Lancaster, MA 01523-3246 | MA | 2004-10 | $500 |
| 6 | Margaret A Mcneil Perpetual Charitable Trust Uw | PO BOX 1330, Hyannis, MA 02601-1330 | MA | $47,350 | |
| 7 | Margaret Ann Grinnell Charitable Foundation, Grinnell Margaret Ann Ttee | 121 High St Ste 501, Boston, MA 02110-2416 | MA | 2002-02 | $75,624 |
| 8 | Margaret Burr Trust Uw 0709238 | PO BOX 5140, Boston, MA 02205 | MA | 1970-12 | $21,280 |
| 9 | Margaret C Dumas Tr Uw | 2036 Washington St, Hanover, MA 02339-1617 | MA | $223,327 | |
| 10 | Margaret C Love House Inc | 60b Village Road, Vineyard Haven, MA 02568-4053 | MA | 1999-05 | $85,484 |
| 11 | Margaret E Sherman Trust, Erskine Linwood M Jr Ttee | 30 Highland St, Worcester, MA 01609-2704 | MA | 1987-08 | $16 |
| 12 | Margaret Fuller-Neighborhood House Inc | 71 Cherry St, Cambridge, MA 02139-3553 | MA | 1974-05 | $634,821 |
| 13 | Margaret Gifford School Inc | 177 Boston Post Rd, Weston, MA 02493-2528 | MA | 1965-08 | $5,982,613 |
| 14 | Margaret K Spohr And Charles D Spohr Charitable Trust - 1996 | 45 Fells Rd, Falmouth, MA 02540-1625 | MA | 2001-04 | $261,770 |
| 15 | Margaret M Collins Charitable Tr, Loughlin Marie W Ttee | 280b Merrimack St, Methuen, MA 01844 | MA | 2003-08 | $2,952,847 |
| 16 | Margaret M Miller Tr Uw Art 22 Fbo Cheverus High School | PO BOX 9199, Watertown, MA 02471-9199 | MA | 1991-09 | $3,819,641 |
| 17 | Margarett L Robinson Trust | 265 Franklin St, Boston, MA 02110-3113 | MA | 1970-12 | $121,317 |
| 18 | Margie Foundation, Margie Fund | 175 Highland Ave, Needham, MA 02494-3034 | MA | 2004-11 | $200,868 |
| 19 | Maria Marino Scholarship Fund | Avon Town Hall, Avon, MA 02322 | MA | 1959-11 | $154 |
| 20 | Maria Torok Foundation Inc | PO BOX 51400, Boston, MA 02205-1400 | MA | 1998-03 | $495,340 |
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