The Josetta Fund, Nowak Mark A Ttee 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
- Other organizations in Massachusetts
| The Josetta Fund, Nowak Mark A Ttee | |
| Employer Identification Number (EIN) | 043340006 |
| Name of Organization | The Josetta Fund |
| Secondary Name | Nowak Mark A Ttee |
| In Care of Name | Burns & Levinson |
| Address | 125 Summer St, Boston, MA 02110-1616 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $41,715,149 |
| Amount of Income | $24,306,453 |
| Form 990 Revenue Amount | $21,322,342 |
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 | $21,635,898 | $847,854 | $0 | |
| Contributions, gifts, grants, etc., received | $20,774,279 | |||
| Interest on savings and temporary cash investments | $4 | |||
| Dividends and interest from securities | $585,333 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $276,282 | |||
| Total expenses and disbursements | $1,341,703 | $214,580 | $0 | $1,127,376 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $349,203 | $214,580 | $134,876 | |
| Contributions, gifts, grants paid | $992,500 | |||
| Excess of revenue over expenses and disbursements | $20,294,195 | |||
| Net investment income | $633,274 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $41,533,795 | $43,517,625 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $2,001,306 | |
| Investments-corporate stock | $28,937,643 | |
| Investments-corporate bonds | $2,773,870 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $7,820,976 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $41,533,795 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $276,282 |
| 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 | $12,665 |
| Total credits and payments | $3,113 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,113 |
| 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 | $9,552 |
| 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 | $34,103,854 |
| Net value of noncharitable-use assets | $33,592,300 |
| Minimum investment return | $1,679,615 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,666,950 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,666,950 |
| 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 | Marshfield Youth Football Association Inc | PO BOX 325, Marshfld Hls, MA 02051-0325 | MA | 2015-04 | $61,438 |
| 2 | Marshfield Youth Soccer Association Limited | PO BOX 623, Marshfield, MA 02050-0623 | MA | 1985-08 | $220,835 |
| 3 | Barnstable Community Horace Mann Charter Public School Pto Inc | 165 Bearses Way, Hyannis, MA 02601-3830 | MA | 2006-08 | $34,964 |
| 4 | Marstons Mills Public Library Inc | PO BOX 9, Marstons Mls, MA 02648-0009 | MA | 1981-03 | $279,903 |
| 5 | Marten Family Foundation, Marten James F Grantor | C/O Woodstock Services Co Llc 27, Boston, MA 02108 | MA | 2002-10 | $209,882 |
| 6 | Martha And Max Rubinstein Family Foundation | 1266 Furnace Brook Par Ste 100a, Quincy, MA 02169 | MA | 2003-08 | $166,484 |
| 7 | Martha Briggs Educational Club Inc | PO BOX 6248, New Bedford, MA 02742-6248 | MA | 1993-08 | $12,088 |
| 8 | Martha Foundation Inc | 62 Derby St Ste 14, Hingham, MA 02043-3718 | MA | 2006-02 | $1,265,488 |
| 9 | Martha G And Max Rubinstein Foundation Inc | 12 Lawnbank Rd, Beverly, MA 01915-4724 | MA | 1988-04 | $2 |
| 10 | Martha H W Crowninshield Charitable Foundation, Crowninshield Martha H W Ttee | C/O Fortis Mgt Grp 800 South St No, Waltham, MA 02453 | MA | 1998-03 | $35 |
| 11 | The Josetta Fund, Nowak Mark A Ttee | 125 Summer St, Boston, MA 02110-1616 | MA | 1997-01 | $24,306,453 |
| 12 | Martha S Mugar Foundation Inc | 222 Berkley St Fl 14, Boston, MA 02116-3733 | MA | 2004-12 | $309,770 |
| 13 | Marthas Vineyard Agricultural Society | PO BOX 80, Vineyard Hvn, MA 02568-0080 | MA | 1993-03 | $498,015 |
| 14 | Marthas Vineyard Area Of Narcotics Anonymous | PO BOX 2754, Vineyard Haven, MA 02568 | MA | 2005-02 | $2,453 |
| 15 | Marthas Vineyard Arena Inc | PO BOX 2062, Vineyard Hvn, MA 02568-0914 | MA | 1988-01 | $497,986 |
| 16 | Marthas Vineyard Art Assn Inc | PO BOX 761, Edgartown, MA 02539-0761 | MA | 1955-04 | $126,637 |
| 17 | Marthas Vineyard Boys And Girls Club Incorporated | Boys Girls Club Inc 44 Robinson Roa, Edgartown, MA 02539 | MA | 1958-04 | $810,468 |
| 18 | Marthas Vineyard Camp Meeting Association | PO BOX 1176, Oak Bluffs, MA 02557-1176 | MA | 1947-10 | $1,084,758 |
| 19 | Marthas Vineyard Cancer Support Group Inc | 7 Loring Ln, Vineyard Hvn, MA 02568-7020 | MA | 1995-12 | $52,875 |
| 20 | Marthas Vineyard Center For Living Inc | PO BOX 1729, Vineyard Hvn, MA 02568-0910 | MA | 1976-09 | $277,379 |
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