Michael Redstone Charitable Trust in Norwood, 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
| Michael Redstone Charitable Trust | |
| Employer Identification Number (EIN) | 046040806 |
| Name of Organization | Michael Redstone Charitable Trust |
| In Care of Name | Michael Redstone |
| Address | 846 University Ave, Norwood, MA 02062-2631 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1960 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $19,324 |
| Amount of Income | $36 |
| Form 990 Revenue Amount | $386 |
Non-representatives - add comments:
Revenue 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 | $682 | $20,553 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $3 | |||
| Dividends and interest from securities | $679 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $519 | $519 | $519 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $519 | $519 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $163 | |||
| Net investment income | $20,034 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $117,342 | $117,342 |
| Cash - non-interest-bearing | $62,700 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $54,642 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $117,342 | |
| 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 | $401 |
| Total credits and payments | $1,324 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,324 |
| 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 | $923 |
| Amount to be credited to 2013 estimated tax | $923 |
| 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 | $108,760 |
| Net value of noncharitable-use assets | $107,120 |
| Minimum investment return | $5,356 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,955 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,955 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $4,955 |
| 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 | Michael Gordon Foundation, Gordon James S Ttee | 20 Park Plz Ste 320, Boston, MA 02116-4337 | MA | 1997-06 | $101 |
| 2 | Michael J Albano Charitable Foundation Inc | 280 N Main St, E Longmeadow, MA 01028-1814 | MA | 2002-12 | $250 |
| 3 | Michael J Cosseboom Memorial Fund Inc | 146 Nichols Rd, Cohasset, MA 02025-1146 | MA | 2002-03 | $32,937 |
| 4 | Michael J Donohoe Memorialscholarship Fund, Donna Donohoe Ttee | 14 Village Ln, Georgetown, MA 01833-1829 | MA | 2008-02 | $14,758 |
| 5 | Michael J Lorden Memorial Scholarship | 69 Endmoor Rd, Westford, MA 01886-1448 | MA | 2005-11 | $9,893 |
| 6 | Michael Kurtzer Charitable Foundation Inc | 10 Fairbanks Dr, Wrentham, MA 02093-1163 | MA | 2006-11 | $47,037 |
| 7 | Michael P Kearns Scholarship Fund, Cartwright Mary Ellen Ttee | 70 Liberty Park Ave, Braintree, MA 02184-8154 | MA | 2000-10 | $1,209 |
| 8 | Michael P Rossi Scholarship Fund, Trabucco Donna E Ttee | 45 Coulton Park, Needham, MA 02492-3301 | MA | 1997-10 | $1,615 |
| 9 | Michael R Kidder 96 Charitable Tr 101096, Kidder Michael Ttee | 18 Commerce Way Ste 4250, Woburn, MA 01801-1097 | MA | 1997-10 | $664,778 |
| 10 | Michael R Paine Conservation Tr, Davidson M & W Bancroft Ttee Et Al | 121 Mount Vernon St, Boston, MA 02108-1104 | MA | 2001-09 | $165,204 |
| 11 | Michael Redstone Charitable Trust | 846 University Ave, Norwood, MA 02062-2631 | MA | 1960-08 | $36 |
| 12 | Michael S Rudyak Memorial Fund | 70 Park St Apt 22, Brookline, MA 02446-6300 | MA | 2009-08 | $3,400,088 |
| 13 | Michaels Fund | 966 Walnut St, Fall River, MA 02720-5334 | MA | 1998-11 | $79,497 |
| 14 | Michele & David Mittelman Charitable Foundation, Mittelman M & Mittleman D Ttees | 16 Rolling Ln, Dover, MA 02030-2446 | MA | 2006-03 | $4,623,555 |
| 15 | Michele A Logan Family Center | 15 Thompson Ave, Brockton, MA 02301 | MA | 2009-05 | $0 |
| 16 | Michitson Family Scholarship Fund Inc | 12 10th Ave, Haverhill, MA 01830-3206 | MA | 2004-03 | $250 |
| 17 | Microscope Associates Inc | 50 Village Ave, Dedham, MA 02026-4209 | MA | 1982-06 | $1,001 |
| 18 | Microtek Inc | 2070 Westover Rd, Chicopee, MA 01022-1079 | MA | 1983-08 | $8,772,918 |
| 19 | Mid Cape Church Homes Inc | 61 John Nelson Way, Harwich, MA 02645-2724 | MA | 1978-08 | $1,487,438 |
| 20 | Mid Cape Ice Arena Inc | PO BOX 646, South Dennis, MA 02660-0646 | MA | 1985-02 | $524,782 |
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