Northampton Development Corporated C/O Pioneer National Bank-Hampshi in Florence, 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
| Northampton Development Corporated C/O Pioneer National Bank-Hampshi | |
| Employer Identification Number (EIN) | 046074413 |
| Name of Organization | Northampton Development Corporated C/O Pioneer National Bank-Hampshi |
| In Care of Name | Robert F Mohan |
| Address | Florence Savings Bank 85 Main St, Florence, MA 01062 |
| Activities | Attracting new industry or retaining industry in an area |
| Subsection | Charitable Organization |
| Ruling Date | 02/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $77,852 |
| Amount of Income | $1,298 |
| Form 990 Revenue Amount | $1,624 |
Non-representatives - add comments:
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 | $1,298 | $1,298 | $1,298 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,298 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $35 | $27 | $3 | $5 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $35 | $27 | $5 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $1,263 | |||
| Net investment income | $1,271 | |||
| Adjusted net income | $1,295 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $77,852 | $77,852 |
| Cash - non-interest-bearing | $6,280 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $71,572 | |
| Total liabilities | $2,286 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,286 | |
| Total liabilities and net assets/fund balances | $75,566 | |
| 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 | $25 |
| Total credits and payments | $50 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $50 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $25 |
| Amount to be credited to 2013 estimated tax | $25 |
| 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 | $77,220 |
| Net value of noncharitable-use assets | $76,060 |
| Minimum investment return | $3,803 |
| Distributable Amount (for 2012) | |
| Distributable amount | $3,778 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $3,778 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $3,773 |
| 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 | North Suffolk Mental Health Association Inc | 301 Broadway, Chelsea, MA 02150-2807 | MA | 1966-01 | $45,122,904 |
| 2 | North Uxbridge Italian-American Club Inc | PO BOX 438, Uxbridge, MA 01569-0438 | MA | 1945-04 | $23,899 |
| 3 | North Weymouth Cemetery Association | PO BOX 146, N Weymouth, MA 02191-0002 | MA | 1948-02 | $49,863 |
| 4 | North Worcester Business Association Inc | PO BOX 60312, Worcester, MA 01606-0312 | MA | 1997-06 | $19,725 |
| 5 | North-East Muslim Assembly Inc | 102 Hanover St, Lynn, MA 01902 | MA | 2005-01 | $0 |
| 6 | Northampton Arts Council Inc | 240 Main St Rm 5, Northampton, MA 01060-3113 | MA | 2003-03 | $123,283 |
| 7 | Northampton Center For The Arts Inc | PO BOX 366, Northampton, MA 01061-0366 | MA | 1985-02 | $236,443 |
| 8 | Northampton Community Music Center Inc | 139 South St, Northampton, MA 01060-4017 | MA | 1999-11 | $543,302 |
| 9 | Northampton Community Televisionincorporated | 380 Elm St, Northampton, MA 01060-2815 | MA | 2007-08 | $295,606 |
| 10 | Northampton Cycling Club | PO BOX 886, Northampton, MA 01061-0886 | MA | 2004-06 | $89,205 |
| 11 | Northampton Development Corporated C/O Pioneer National Bank-Hampshi | Florence Savings Bank 85 Main St, Florence, MA 01062 | MA | 1983-02 | $1,298 |
| 12 | Northampton Education Foundation Inc | PO BOX 44, Northampton, MA 01061-0044 | MA | 1993-06 | $72,219 |
| 13 | Northampton Film Festival Inc | 44 Hampden St, Springfield, MA 01103-1212 | MA | 2003-10 | $2,052 |
| 14 | Historic Northampton Inc | 46 Bridge St, Northampton, MA 01060-2406 | MA | 1941-07 | $155,368 |
| 15 | Northampton Management Systems Inc, Linda Manor Nursing Home | PO BOX 2489, Pittsfield, MA 01202-2489 | MA | 1997-01 | $12,403,273 |
| 16 | Northampton Montessori Society Inc, Childrens House | 51 Bates St, Northampton, MA 01060-2363 | MA | 1989-09 | $1,601,737 |
| 17 | Northampton Rotary Foundation Inc | 149 Easthampton Road, Northampton, MA 01060 | MA | 2004-04 | $11,612 |
| 18 | Northampton Survival Center Inc | 265 Prospect St, Northampton, MA 01060-2126 | MA | 1983-04 | $2,001,320 |
| 19 | Northampton Youth And Community Rowing Inc | PO BOX 1553, Northampton, MA 01061-1553 | MA | 2002-02 | $8,879 |
| 20 | Northampton Youth Football League Inc | 65 Straits Road, Hatfield, MA 01038 | MA | 1999-04 | $0 |
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