Mclane Harper Charitable Foundation Inc 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
| Mclane Harper Charitable Foundation Inc | |
| Employer Identification Number (EIN) | 042944189 |
| Name of Organization | Mclane Harper Charitable Foundation Inc |
| In Care of Name | P Andrews Mclane |
| Address | C/O P Andrews Mclane 200 Clarendon, Boston, MA 02116 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 11/1988 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2014 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $18,135,627 |
| Amount of Income | $6,003,652 |
| Form 990 Revenue Amount | $1,079,102 |
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 | $1,036,604 | $1,683,803 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $3,809 | |||
| Dividends and interest from securities | $292,549 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1,010 | |||
| Other | $739,236 | |||
| Total expenses and disbursements | $1,718,575 | $40,075 | $0 | $1,643,500 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $75,075 | $40,075 | $0 | |
| Contributions, gifts, grants paid | $1,643,500 | |||
| Excess of revenue over expenses and disbursements | $-681,971 | |||
| Net investment income | $1,643,728 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $15,471,293 | $24,467,689 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $12,254,652 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $2,516,245 | |
| Other | $700,396 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $15,471,293 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $739,236 |
| 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 | $16,437 |
| Total credits and payments | $37,618 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $37,618 |
| 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 | $21,181 |
| Amount to be credited to 2013 estimated tax | $21,181 |
| 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? | Yes |
| 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 | $31,220,178 |
| Net value of noncharitable-use assets | $30,751,880 |
| Minimum investment return | $1,537,594 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,521,157 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,521,157 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,521,157 |
| 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 | Mccarthy Towne Parent Teacher Student Organization | PO BOX 460, Stow, MA 01775-0460 | MA | 2000-09 | $141,297 |
| 2 | Mcclosky Institute Of Voice Therapy Inc | 16 Grant St, Maynard, MA 01754-1814 | MA | 1987-03 | $55,233 |
| 3 | Mcconnell Family Foundation, Mcconnell Michael R Ttee | 175 Derby Street, Hingham, MA 02043-4007 | MA | 2004-07 | $10,700 |
| 4 | Mccoy Family Charitable Foundation | Sullivan Sorgi Dimmock6 Beacon St, Boston, MA 02108 | MA | 2004-05 | $40,672 |
| 5 | Mccutchin-Collins Charitable Trust Mass 031292 | 30 Old Farm Rd, Dover, MA 02030-2512 | MA | 1991-06 | $416,540 |
| 6 | Mcginty Scholarship Foundation | 400 Atlantic Ave, Boston, MA 02110-3331 | MA | 2005-12 | $4,706 |
| 7 | Mcglynn Elementary Parent Teacher Group | 41 Lawrence St, Medford, MA 02155-4133 | MA | 2004-10 | $34,283 |
| 8 | Mcgrath Foundation | 17 Walpole St, Norwood, MA 02062-3318 | MA | 1997-12 | $196,081 |
| 9 | Mckay Parent Support Group | 67 Rindge Rd, Fitchburg, MA 01420-2534 | MA | 1992-10 | $8,598 |
| 10 | Mckim Family Charitable Foundation | 34 Turners Way, Norwell, MA 02061-2339 | MA | 2008-09 | $464,717 |
| 11 | Mclane Harper Charitable Foundation Inc | C/O P Andrews Mclane 200 Clarendon, Boston, MA 02116 | MA | 1988-11 | $6,003,652 |
| 12 | Mclaughlin Foundation | 546 Fisher St, Walpole, MA 02081-2232 | MA | 1958-09 | $16,397 |
| 13 | Mclean Hospital Nurses Alumni Assn | PO BOX 70247, N Dartmouth, MA 02747-0247 | MA | 2000-09 | $5,625 |
| 14 | Mds Foundation Inc | 2 Willow St Ste 200, Southborough, MA 01745-1020 | MA | 1999-12 | $23,888 |
| 15 | Meadowedge Art For Children | 46 Fox Hill Road, Bernardston, MA 01337 | MA | 1988-01 | $42,714 |
| 16 | Meadows Racquet Club Inc | 170 Dwight Rd, Longmeadow, MA 01106-1717 | MA | 1978-08 | $195,666 |
| 17 | Mechanics Hall Corporation | 155 Merrimack St, Lowell, MA 01852-1723 | MA | 1998-04 | $53,414 |
| 18 | Med Man Simulations Inc | PO BOX 67160, Chestnut Hill, MA 02467-0002 | MA | 2008-07 | $23,285 |
| 19 | Meddev Group Inc | PO BOX 555, Concord, MA 01742-0555 | MA | 2007-03 | $92,973 |
| 20 | Medfield Afterschool Program Inc | PO BOX 18, Medfield, MA 02052-0018 | MA | 1990-05 | $1,191,864 |
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