Nissie And Ethel Grossman Foundation in Rockport, 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
| Nissie And Ethel Grossman Foundation | |
| Employer Identification Number (EIN) | 046073423 |
| Name of Organization | Nissie And Ethel Grossman Foundation |
| Address | PO BOX 738, Rockport, MA 01966-0838 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization, Religious Organization |
| Ruling Date | 02/1965 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 07/2014 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $86,180 |
| Amount of Income | $5,806 |
| Form 990 Revenue Amount | $829 |
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 | $829 | $375 | $0 | |
| Contributions, gifts, grants, etc., received | $454 | |||
| Interest on savings and temporary cash investments | $3 | |||
| Dividends and interest from securities | $372 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $8,295 | $0 | $0 | $5,701 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,442 | $0 | $848 | |
| Contributions, gifts, grants paid | $4,853 | |||
| Excess of revenue over expenses and disbursements | $-7,466 | |||
| Net investment income | $375 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $96,422 | $96,422 |
| Cash - non-interest-bearing | $2,827 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $93,595 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $96,422 | |
| 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 | $4 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $4 |
| 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? | 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 | $101,906 |
| Net value of noncharitable-use assets | $100,380 |
| Minimum investment return | $5,019 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5,015 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5,015 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $4,167 |
| 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 | Nima Foundation | 233 Tower Rd, Lincoln, MA 01773-4329 | MA | 1998-06 | $129,826 |
| 2 | Nimrod League Of Holden Inc | 168 Coalkiln Road, Princeton, MA 01541 | MA | 1978-08 | $318,210 |
| 3 | Nine Lives Of Norton Feline Rescue Shelter Inc | PO BOX 548, Norton, MA 02766-0548 | MA | 1998-12 | $61,018 |
| 4 | Nineteenth Association Properties Inc | 995 Worthington St, Springfield, MA 01109-4027 | MA | 1996-05 | $43,618 |
| 5 | Ninth Association Properties Inc | 995 Worthington St, Springfield, MA 01109-4027 | MA | 1995-05 | $36,027 |
| 6 | Ninth Street Day Nursery Inc | 533 Highland Ave, Fall River, MA 02720-3718 | MA | 1972-12 | $215,417 |
| 7 | Nipmuc Rod & Gun Club Inc | PO BOX 171, Hopedale, MA 01747-0171 | MA | 1953-10 | $107,563 |
| 8 | Nipper Clancy Memorial Baseball Tournament Inc | 20 Harmon Street, Lynn, MA 01905-1315 | MA | 1996-04 | $11 |
| 9 | Nisbet Family Foundation | 150 Alder Ln, No Falmouth, MA 02556-2934 | MA | 1993-02 | $31,082 |
| 10 | Nish Boyajian Memorial Foundation Inc | 87 Appleton St, Quincy, MA 02171-2046 | MA | 2003-06 | $15,341 |
| 11 | Nissie And Ethel Grossman Foundation | PO BOX 738, Rockport, MA 01966-0838 | MA | 1965-02 | $5,806 |
| 12 | Nivasa Foundation, None | P O Box 95, Merrimac, MA 01860 | MA | 2007-05 | $3,610 |
| 13 | Nmrs Scholarship Foundation Inc | PO BOX 715, Townsend, MA 01469-0715 | MA | 1992-05 | $44,362 |
| 14 | No Limit Media Inc | 197 Lake St, Sherborn, MA 01770-1607 | MA | 2002-07 | $184,975 |
| 15 | No Walpole Fintfur Club Incorporated, No Walpole Fish And Game | PO BOX 30, Walpole, MA 02081-0030 | MA | 1990-12 | $82,967 |
| 16 | Noah Center Inc | 401 Stockbridge Rd, Gt Barrington, MA 01230-1233 | MA | 2003-10 | $238,489 |
| 17 | Noah Community Development Fund Inc | 143 Border St, East Boston, MA 02128-1903 | MA | 2008-09 | $9,311 |
| 18 | Noahs Ark Preschool Inc | 1154 Great Plain Ave, Needham, MA 02492-2202 | MA | 2004-04 | $244,733 |
| 19 | Noanett Garden Club | 762 South St, Needham, MA 02492-2775 | MA | 1977-03 | $45,580 |
| 20 | Noble Health Systems Inc, Blondin Robert M Ttee | 115 W Silver St, Westfield, MA 01085-3628 | MA | 1938-04 | $2,848,017 |
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