Mary M B Wakefield Trust 000444 01, Keystone Trust Company 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
- Organizations performing similar types of work
| Mary M B Wakefield Trust 000444 01, Keystone Trust Company Ttee | |
| Employer Identification Number (EIN) | 046076048 |
| Name of Organization | Mary M B Wakefield Trust 000444 01 |
| Secondary Name | Keystone Trust Company Ttee |
| In Care of Name | Russell Brier & Co Llp |
| Address | Ten Post Office Square 6th Flr, Boston, MA 02109 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $23,338,606 |
| Amount of Income | $298,945 |
| Form 990 Revenue Amount | $-235,706 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Operating Foundations |
Non-representatives - add comments:
Amount of income in 2014: $298,945 (it was $4,231,508 in 2012)
| This organization: | $298,945 |
| Other organizations performing similar types of work: | $45,945 |
Assets in 2014: $23,338,606 (it was $22,136,090 in 2012)
| This organization: | $23,338,606 |
| Other organizations performing similar types of work: | $120,180 |
Expenses in 2012: $585,855
| Mary M B Wakefield Trust 000444 01, Keystone Trust Company Ttee: | $585,855 |
| Other organizations performing similar types of work: | $39,714 |
Income to expenses ratio in 2012: 0.5
| Mary M B Wakefield Trust 000444 01, Keystone Trust Company Ttee: | 0.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 1.1%
| This organization: | 1.1% |
| Other organizations performing similar types of work: | 2.2% |
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 | $889,233 | $878,539 | $266,280 | |
| Contributions, gifts, grants, etc., received | $9,608 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $262,994 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $3,286 | |||
| Other | $613,345 | |||
| Total expenses and disbursements | $585,855 | $80,172 | $80,172 | $470,268 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $577,324 | $80,172 | $461,737 | |
| Contributions, gifts, grants paid | $8,531 | |||
| Excess of revenue over expenses and disbursements | $303,378 | |||
| Net investment income | $798,367 | |||
| Adjusted net income | $186,108 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $22,136,090 | $27,025,390 |
| Cash - non-interest-bearing | $59,411 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $10,656,246 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $2,767,425 | |
| Other | $8,653,008 | |
| Total liabilities | $1,300 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,300 | |
| Total liabilities and net assets/fund balances | $22,134,790 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $613,345 |
| 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 | $15,967 |
| Total credits and payments | $959 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $959 |
| 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 | $26 |
| Tax due | $15,034 |
| 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? | Yes |
| 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? | Yes |
| 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 | $15,805,252 |
| Net value of noncharitable-use assets | $15,568,180 |
| Minimum investment return | $778,409 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $186,108 | $122,766 | $164,458 | $332,585 | $805,917 |
| Qualifying distributions made directly for active conduct of exempt activities | $470,268 | $464,530 | $463,487 | $462,665 | $1,860,950 |
| Value of all assets | $27,025,390 | $23,894,655 | $26,856,029 | $24,282,108 | $102,058,182 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $10,065,022 | $8,792,909 | $8,623,505 | $8,582,757 | $36,064,193 |
| 2/3 of minimum investment return | $518,939 | $558,697 | $513,387 | $424,373 | $2,015,396 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Cummings Foundation Inc | 200 W Cummings Park, Woburn, MA 01801-6333 | MA | 1990-04 | $257,732,726 |
| 2 | China Medical Board Inc | 2 Arrow St, Cambridge, MA 02138-5102 | MA | 2014-12 | $37,268,612 |
| 3 | Museum Of Russian Icons Inc | 203 Union St, Clinton, MA 01510-2903 | MA | 2006-04 | $10,364,374 |
| 4 | Save Our Heritage Inc | 57 Main St, Concord, MA 01742-2530 | MA | 2000-06 | $1,042,802 |
| 5 | Primary Care Progress Inc | 1035 Cambridge St Ste 28a, Cambridge, MA 02141-1160 | MA | 2011-02 | $889,111 |
| 6 | The Stephen Phillips Memorial Preserve Trust | 230 Congress St, Boston, MA 02110-2409 | MA | 1978-07 | $401,956 |
| 7 | Shanklin Music Hall Foundation Inc | 60 Hemlock Park Dr, Groton, MA 01450-1450 | MA | 2010-12 | $147,530 |
| 8 | Rosie S Rafikis Inc | 83 Willow St, Foxborough, MA 02035-2247 | MA | 2013-10 | $24,823 |
| 9 | The Jasper Foundation | 1 Broadway Ste 12, Cambridge, MA 02142-1189 | MA | 2001-08 | $2,509 |
| 10 | Maranatha Ii Charitable Trust | PO BOX 2101, Framingham, MA 01703-2101 | MA | 2012-06 | $167 |
| 11 | New American Horizons Foundation | PO BOX 600408, Newtonville, MA 02460-0004 | MA | 2009-10 | $154 |
| 12 | Roxbury Foundation Inc | 410 Hayfield Ln, Wayland, MA 01778-3308 | MA | 2002-12 | $5 |
| 13 | Spillane Charitable Tr, Quirk Daniel J Ttee | PO BOX 850972, Braintree, MA 02185-0972 | MA | 2003-07 | $1 |
| 14 | Ansara Family Foundation Inc | 100 Cummings Ctr Ste 120h, Beverly, MA 01915-6114 | MA | 2015-03 | $0 |
| 15 | David Prouty Trust Uw, Prouty Richardson K & James R Lock | 12 N Brookfield Rd, Spencer, MA 01562-1302 | MA | 2014-10 | $0 |
| 16 | Freemontfund | 22 Freemont St, Lexington, MA 02421-6513 | MA | 2015-03 | $0 |
| 17 | New England Center For Investigative Reporting | 640 Commonwealth Ave, Boston, MA 02215-2422 | MA | 2015-02 | $0 |
| 18 | New England Litigation Technology Professionals Corporation | 152 Bowdoin St, Boston, MA 02108-2702 | MA | 2014-09 | $0 |
| 19 | Remember Those In Captivity Ministries Inc | 80 Etna St, Brighton, MA 02135-2830 | MA | 2014-10 | $0 |
| 20 | Safe Guns - Healthy Lives | 91 W Main St, Ware, MA 01082-1347 | MA | 2014-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,344 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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