Pechet Foundation in Dover, 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
| Pechet Foundation | |
| Employer Identification Number (EIN) | 046059253 |
| Name of Organization | Pechet Foundation |
| In Care of Name | Streamline Family Office |
| Address | 60 Centre St, Dover, MA 02030-2207 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1960 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,417,450 |
| Amount of Income | $1,318,713 |
| Form 990 Revenue Amount | $249,123 |
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 | $249,123 | $249,123 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $41,215 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $26,111 | |||
| Other | $181,797 | |||
| Total expenses and disbursements | $321,871 | $67,871 | $0 | $254,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $67,871 | $67,871 | $0 | |
| Contributions, gifts, grants paid | $254,000 | |||
| Excess of revenue over expenses and disbursements | $-72,748 | |||
| Net investment income | $181,252 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,440,546 | $5,218,891 |
| Cash - non-interest-bearing | $113,339 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $43,623 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $3,690,710 | |
| Other | $592,874 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,440,546 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $181,797 |
| 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 | $3,625 |
| Total credits and payments | $6,751 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $6,751 |
| 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 | $30 |
| Tax due | $0 |
| Overpayment | $3,096 |
| Amount to be credited to 2013 estimated tax | $3,096 |
| 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 | $5,313,087 |
| Net value of noncharitable-use assets | $5,233,400 |
| Minimum investment return | $261,670 |
| Distributable Amount (for 2012) | |
| Distributable amount | $258,045 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $258,045 |
| 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 | Matthew Nagle Spinal Injury Foundation Inc | 79 Rustic Dr, S Weymouth, MA 02190-3305 | MA | 2002-07 | $51,873 |
| 2 | Matthew W Houlihan Foundation Inc | PO BOX 903, Falmouth, MA 02541-0903 | MA | 2001-11 | $24,323 |
| 3 | Matthew Warren Young Charitable Fund | 44 Caldwell Farm Rd, Byfield, MA 01922-2823 | MA | 1997-08 | $2,126 |
| 4 | Mattina R Proctor Foundation | 75 Federal St No 1300, Boston, MA 02110-1921 | MA | 1991-04 | $911,526 |
| 5 | Matts Place Inc | PO BOX 305, Lynn, MA 01903 | MA | 2007-07 | $0 |
| 6 | Matty Oliverira Memorial Fund Inc | 17 Holiday Dr, Fairhaven, MA 02719-2313 | MA | 2012-05 | $19,004 |
| 7 | Matz Family Foundation, Matz Robert E Ttee | 70 Atlantic St, Gloucester, MA 01930-1627 | MA | 1997-01 | $1 |
| 8 | Maude L Mclaughlin Testamentary Trust | 210 Massachusetts Ave P05-10, Boston, MA 02115-3012 | MA | 1938-05 | $220,448 |
| 9 | Maudslay Arts Center Inc | 182 Whitehall Rd, Amesbury, MA 01913-1017 | MA | 1993-08 | $42,601 |
| 10 | Maugus Club | 40 Abbott Rd, Wellesley, MA 02481-7519 | MA | 1934-07 | $225,173 |
| 11 | Pechet Foundation | 60 Centre St, Dover, MA 02030-2207 | MA | 1960-02 | $1,318,713 |
| 12 | Maven Institute Inc | 1845 Commonwealth Ave, Brighton, MA 02135-5428 | MA | 1999-05 | $145,977 |
| 13 | Maverick Landing Community Servicesinc | 31 Liverpool St, East Boston, MA 02128-1983 | MA | 2007-12 | $1,004,606 |
| 14 | Maverick Tenants Organization Inc | 31 Liverpool Street, E Boston, MA 02128 | MA | 1993-01 | $47,547 |
| 15 | Max & Anne Goldberg Foundation | 975 Memorial Dr Apt 701, Cambridge, MA 02138-5803 | MA | 1962-02 | $688,662 |
| 16 | Max And Tillie Rosenn Foundation Inc | PO BOX 961203, Boston, MA 02196-1203 | MA | 1993-06 | $371,822 |
| 17 | Max L Feinberg Charitable Foundation | 336 Boylston St, Newton, MA 02459-2872 | MA | 1955-03 | $7,304 |
| 18 | Max Warburg Courage Curriculum Inc | 263 Huntington Avenue Box 366, Boston, MA 02115-4506 | MA | 1995-03 | $294,652 |
| 19 | Maxine And Elliott Schiffman Family Foundation Inc | 101 Federal St Ste 3, Boston, MA 02110-1871 | MA | 2004-04 | $206 |
| 20 | Maxwell Conservation Trust Ltd | 292 Clapp Rd, Scituate, MA 02066-3004 | MA | 2004-02 | $17,582 |
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