Orville W Forte Charitable Foundation in Newtonville, 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
| Orville W Forte Charitable Foundation | |
| Employer Identification Number (EIN) | 046017836 |
| Name of Organization | Orville W Forte Charitable Foundation |
| Address | PO BOX 600805, Newtonville, MA 02460-0008 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 11/1954 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,455,222 |
| Amount of Income | $555,139 |
| Form 990 Revenue Amount | $303,222 |
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 | $201,832 | $201,832 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $26 | |||
| Dividends and interest from securities | $76,026 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $125,780 | |||
| Total expenses and disbursements | $182,446 | $30,312 | $0 | $148,704 |
| Compensation of officers, directors, trustees, etc. | $25,000 | |||
| Total operating and administrative expenses | $61,296 | $30,312 | $27,554 | |
| Contributions, gifts, grants paid | $121,150 | |||
| Excess of revenue over expenses and disbursements | $19,386 | |||
| Net investment income | $171,520 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,455,222 | $3,404,518 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $99,066 | |
| Investments-corporate stock | $1,545,323 | |
| Investments-corporate bonds | $603,248 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $207,585 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,455,222 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $125,780 |
| 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 | $3,430 |
| Total credits and payments | $5,189 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,189 |
| 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 | $1,759 |
| Amount to be credited to 2013 estimated tax | $1,759 |
| 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 | $3,423,203 |
| Net value of noncharitable-use assets | $3,371,860 |
| Minimum investment return | $168,593 |
| Distributable Amount (for 2012) | |
| Distributable amount | $165,163 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $165,163 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $15,494 |
| 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 | Orleans Convalescent & Retirement Center Employees Education Fund In | 60 Daley Ter, Orleans, MA 02653-3318 | MA | 1978-06 | $5,242 |
| 2 | Orleans Firemens Relief Association Inc | 58 Eldredge Parkway, Orleans, MA 02653 | MA | 1979-02 | $0 |
| 3 | Orleans Historical Society | Po Box 353 3 River Rd, Orleans, MA 02653 | MA | 1969-06 | $113,300 |
| 4 | Orleans Managers Union | 19 School Rd, Orleans, MA 02653-3643 | MA | 2014-02 | $6,039 |
| 5 | Orleans Police Association Inc | PO BOX 1446, Orleans, MA 02653-1446 | MA | 2015-04 | $1,340 |
| 6 | Orleans Yacht Club Inc | PO BOX 145, Orleans, MA 02653-0145 | MA | 1986-11 | $490,845 |
| 7 | Orph Inc | 46 South Sixth Street, New Bedford, MA 02740 | MA | 2007-12 | $836 |
| 8 | Generation Rwanda Inc | 16 Highland St, Cambridge, MA 02138-2210 | MA | 2004-11 | $1,776,626 |
| 9 | Orthodox Fellowship Of All Saintsof China Incorporated | 54 Candia St, Arlington, MA 02474-2826 | MA | 2007-03 | $3,458 |
| 10 | Orthopedic Scientific And Educational Trust Fund | 55 Lake Ave N, Worcester, MA 01655-0002 | MA | 1983-06 | $92 |
| 11 | Orville W Forte Charitable Foundation | PO BOX 600805, Newtonville, MA 02460-0008 | MA | 1954-11 | $555,139 |
| 12 | Oshaughnessy Family Foundation | 10 River Rd Ste 205, Uxbridge, MA 01569-2259 | MA | 1994-05 | $219,811 |
| 13 | Osia Charitable & Educational Trust | 93 Concord Avenue, Belmont, MA 02478-4044 | MA | 1985-12 | $72,733 |
| 14 | Osiris Group | 184 Dudley Street Suite 107, Roxbury, MA 02119-2561 | MA | 2003-03 | $86,787 |
| 15 | Ossoff Family Foundation | 7 Gary Ave, Beverly, MA 01915-1103 | MA | 1967-04 | $26,478 |
| 16 | Ossorio Foundation | C/O Sally R Vanasse 1 Eaton Ct, Amherst, MA 01002 | MA | 1996-03 | $671,708 |
| 17 | Osterville Anglers Club Inc | PO BOX 395, Osterville, MA 02655-0395 | MA | 1993-11 | $97,786 |
| 18 | Osterville Elementary School Pto | 350 Bumps River Rd, Osterville, MA 02655 | MA | 2005-01 | $50,212 |
| 19 | Osterville Free Library Corporation, Dba Osterville Village Library | 43 Wianno Ave, Osterville, MA 02655-2028 | MA | 1957-08 | $803,130 |
| 20 | Osterville Garden Club Inc Charitable Education Trust | PO BOX 56, Osterville, MA 02655-0056 | MA | 1971-07 | $17,257 |
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