Nancy Lurie Marks Family Foundation in Wellesley, 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Massachusetts
| Nancy Lurie Marks Family Foundation | |
| Employer Identification Number (EIN) | 042607232 |
| Name of Organization | Nancy Lurie Marks Family Foundation |
| In Care of Name | Ella Silayeva |
| Address | 60 William St Ste 110, Wellesley, MA 02481-3810 |
| Ruling Date | 01/1977 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2013 |
| Assets | $50,000,000 to greater |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $95,408,523 |
| Amount of Income | $7,859,233 |
| Form 990 Revenue Amount | $5,784,901 |
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 | $10,447,349 | $10,264,107 | $4,803 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,012,377 | |||
| Dividends and interest from securities | $1,490,728 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $203,870 | |||
| Other | $7,740,374 | |||
| Total expenses and disbursements | $5,323,181 | $1,205,590 | $0 | $3,889,509 |
| Compensation of officers, directors, trustees, etc. | $698,500 | |||
| Total operating and administrative expenses | $2,772,046 | $1,205,590 | $1,338,374 | |
| Contributions, gifts, grants paid | $2,551,135 | |||
| Excess of revenue over expenses and disbursements | $5,124,168 | |||
| Net investment income | $9,058,517 | |||
| Adjusted net income | $4,803 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $97,670,324 | $105,547,230 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $93,472,031 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $4,198,293 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $97,670,324 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $7,740,374 |
| 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 | $181,170 |
| Total credits and payments | $218,020 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $218,020 |
| 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 | $36,850 |
| Amount to be credited to 2013 estimated tax | $36,850 |
| 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? | 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 | $101,895,030 |
| Net value of noncharitable-use assets | $100,366,600 |
| Minimum investment return | $5,018,330 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,783,196 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,783,196 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $81,163 |
| 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 |
| Unrelated Trade or Business Income (for 2009) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $27,585 | $0 | $27,585 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $27,585 | $0 | $27,585 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2009) | |
| Total deductions | $19,926 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $19,926 |
| Unrelated business taxable income | $6,659 |
| Unrelated business taxable income before net operating loss deduction | $7,659 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $7,659 |
| Specific deduction | $1,000 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mohawk Trail Concerts Inc | PO BOX 75, Shelburne Fls, MA 01370-0075 | MA | 1973-01 | $49,509 |
| 2 | Monta Chusett Opportunity Council Inc | 133 Prichard St, Fitchburg, MA 01420-7539 | MA | 1967-11 | $16,549,528 |
| 3 | Montessori Childrens House Of Nantucket Inc | PO BOX 2121, Nantucket, MA 02584-2121 | MA | 1984-01 | $503,743 |
| 4 | Mount Auburn Professional Services Inc | 330 Mount Auburn St, Cambridge, MA 02138-5502 | MA | 1990-03 | $63,265,559 |
| 5 | Mount Pleasant Home | 301 S Huntington Ave, Jamaica Plain, MA 02130-4807 | MA | 1982-04 | $2,762,667 |
| 6 | Mujeres Unidas Avanzando Inc | 54 Clayton St, Dorchester, MA 02122-2798 | MA | 1982-05 | $789,150 |
| 7 | Multicultural Community Service Of The Pioneer Valley Inc | 1000 Wilbraham Road, Springfield, MA 01109-2050 | MA | 1979-08 | $14,653,568 |
| 8 | Municipal Public Access Cable | 1659 North Main Suite A, Palmer, MA 01069-1039 | MA | 1986-06 | $337,395 |
| 9 | Music At Edens Edge Inc | PO BOX 5483, Beverly, MA 01915-0519 | MA | 1983-06 | $95,545 |
| 10 | Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave | 1000 Hall Of Fame Avenue, Springfield, MA 01105-2538 | MA | 1959-11 | $6,786,887 |
| 11 | Nancy Lurie Marks Family Foundation | 60 William St Ste 110, Wellesley, MA 02481-3810 | MA | 1977-01 | $7,859,233 |
| 12 | Nantucket Community Sailing Inc, Nantucket Island Community Sailing | PO BOX 2424, Nantucket, MA 02584-2424 | MA | 1995-09 | $2,031,515 |
| 13 | South Coastal Counties Legal Services Inc | 22 Bedford St, Fall River, MA 02720-3002 | MA | 1997-02 | $4,587,364 |
| 14 | New Dance Complex Inc | 536 Massachusetts Ave, Cambridge, MA 02139-4029 | MA | 1993-04 | $360,705 |
| 15 | New England Baptist Medical Associates | 125 Parker Hill Ave, Boston, MA 02120-2847 | MA | 1997-03 | $10,979,593 |
| 16 | New England Farm Workers Council Inc | 16281640 Main Street, Springfield, MA 01103 | MA | 1971-11 | $59,273,543 |
| 17 | New England Library Assoc Inc | 55 N Main St Apt 49, Belchertown, MA 01007-8201 | MA | 1963-09 | $227,936 |
| 18 | New England Water Works Association Inc | 125 Hopping Brook Rd, Holliston, MA 01746-1471 | MA | 1984-10 | $2,990,205 |
| 19 | New England Wild Flower Society | 180 Hemenway Rd, Framingham, MA 01701-2636 | MA | 1955-09 | $4,192,690 |
| 20 | New Repertory Theatre Inc | 200 Dexter Ave, Watertown, MA 02472-4238 | MA | 1987-12 | $1,653,248 |
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