Mary A Kelly Scholarship Fund in Newburyport, 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
| Mary A Kelly Scholarship Fund | |
| Employer Identification Number (EIN) | 046042274 |
| Name of Organization | Mary A Kelly Scholarship Fund |
| Address | PO BOX 464, Newburyport, MA 01950-0564 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1971 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $646,894 |
| Amount of Income | $30,895 |
| Form 990 Revenue Amount | $22,868 |
Non-representatives - add comments:
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 | $21,006 | $23,037 | $3,208 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $21,006 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $21,960 | $0 | $0 | $21,960 |
| Compensation of officers, directors, trustees, etc. | $8,000 | |||
| Total operating and administrative expenses | $9,460 | $0 | $9,460 | |
| Contributions, gifts, grants paid | $12,500 | |||
| Excess of revenue over expenses and disbursements | $-954 | |||
| Net investment income | $23,037 | |||
| Adjusted net income | $3,208 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $641,758 | $758,850 |
| Cash - non-interest-bearing | $80,556 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $561,202 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $641,758 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $230 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $230 |
| 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 | $734,166 |
| Net value of noncharitable-use assets | $723,160 |
| Minimum investment return | $36,158 |
| Distributable Amount (for 2012) | |
| Distributable amount | $35,928 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $35,928 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $13,968 |
| 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 | Marthas Vineyard Striped Bass And Bluefish Derby Inc | PO BOX 2101, Edgartown, MA 02539-2101 | MA | 1994-02 | $284,735 |
| 2 | Marthas Vineyard Whole Health Alliance Inc | Po Box 2246, Vineyard Haven, MA 02568 | MA | 1996-10 | $0 |
| 3 | Marthas Vineyard Youth Hockey Assoc Inc | PO BOX 2319, Vineyard Hvn, MA 02568-0918 | MA | 1990-05 | $184,012 |
| 4 | Martin & Deborah Hale Foundation | 220 Boylston St Apt 1020, Boston, MA 02116-3949 | MA | 1996-12 | $130,544,318 |
| 5 | Martin H And Rhea E Reiss Fam Charitable Tr, Agnes E Kull Ttee | C/O Grkb 306 Main Street No 400, Worcester, MA 01615 | MA | 2007-08 | $148,234 |
| 6 | Martin Luther King Jr Business Empowerment Center | 237 Chandler St, Worcester, MA 01609-2935 | MA | 2009-02 | $240,033 |
| 7 | Martin Luther King Jr Family Services Inc | PO BOX 91026, Springfield, MA 01139-1026 | MA | 1978-09 | $1,636,188 |
| 8 | Martin School Association | 37 Landry Ave, N Attleboro, MA 02760-5300 | MA | 2001-03 | $37,252 |
| 9 | Martina Oneil Trust | 605 Broadway Lf41, Saugus, MA 01906-3200 | MA | 1981-09 | $509,683 |
| 10 | Marty Meehan Educational Foundation Inc | 11 Kearney Square, Lowell, MA 01852 | MA | 2001-11 | $22,511 |
| 11 | Mary A Kelly Scholarship Fund | PO BOX 464, Newburyport, MA 01950-0564 | MA | 1971-10 | $30,895 |
| 12 | Mary And Harry Klorman Charitable Foundation Trust | 28 Baltic Ave, North Easton, MA 02356-2104 | MA | 1998-09 | $47,140 |
| 13 | Mary Ann Morse Healthcare Corp | 747 Water Street, Framingham, MA 01701-3208 | MA | 1990-10 | $22,260,447 |
| 14 | Mary Barton Land Conservation Trust | PO BOX 1972, Cotuit, MA 02635-1972 | MA | 1986-08 | $0 |
| 15 | Mary C Herter Memorial Public Garden Fund | 154 Long Hill Rd, Bolton, MA 01740-1425 | MA | 2004-11 | $1,731 |
| 16 | Mary C Obrien Charitable Trust | PO BOX 55806, Boston, MA 02205-5806 | MA | 1987-08 | $294,696 |
| 17 | Mary Casey Forry Foundation Inc | 150 Mt Vernon St Suite 150, Dorchester, MA 02125 | MA | 2007-12 | $0 |
| 18 | Mary Clark Regamey And David G Regamey Family Foundation | PO BOX 256, Stow, MA 01775-0256 | MA | 2001-03 | $4 |
| 19 | Mary Collins Moynahan Foundation | 57 Cheshire Dr, Longmeadow, MA 01106-2132 | MA | 2003-01 | $32,567 |
| 20 | Mary E & John F Murphy Charitable Tr, Segerstrom Peter J Ttee | PO BOX 68, Winchester, MA 01890-0068 | MA | 1995-07 | $94,436 |
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