P K Johnstone & H E Kimball Foundation in Boston, 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
| P K Johnstone & H E Kimball Foundation | |
| Employer Identification Number (EIN) | 056015723 |
| Name of Organization | P K Johnstone & H E Kimball Foundation |
| In Care of Name | Ropes And Gray |
| Address | C/O Ropes Gray 800 Boylston St No, Boston, MA 02199 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization, Religious Organization |
| Ruling Date | 10/1959 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2013 |
| 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 | $1,498,756 |
| Amount of Income | $573,048 |
| Form 990 Revenue Amount | $105,529 |
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 | $84,610 | $84,610 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $4 | |||
| Dividends and interest from securities | $46,831 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $37,775 | |||
| Total expenses and disbursements | $106,870 | $20,633 | $0 | $83,537 |
| Compensation of officers, directors, trustees, etc. | $16,140 | |||
| Total operating and administrative expenses | $40,270 | $20,633 | $16,937 | |
| Contributions, gifts, grants paid | $66,600 | |||
| Excess of revenue over expenses and disbursements | $-22,260 | |||
| Net investment income | $63,977 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,476,112 | $1,684,306 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $294,436 | |
| Investments-corporate stock | $443,203 | |
| Investments-corporate bonds | $151,796 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $541,681 | |
| Other | $44,996 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,476,112 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $37,775 |
| 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 | $1,280 |
| Total credits and payments | $2,060 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,060 |
| 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 | $780 |
| Amount to be credited to 2013 estimated tax | $780 |
| 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 | $1,683,755 |
| Net value of noncharitable-use assets | $1,658,500 |
| Minimum investment return | $82,925 |
| Distributable Amount (for 2012) | |
| Distributable amount | $81,645 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $81,645 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $74,962 |
| 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 | Oxford & Associates Inc Voluntary Employees Beneficiary Association | 100 Cummings Ctr Ste 206l, Beverly, MA 01915-6104 | MA | 1990-08 | $60,546 |
| 2 | Oxford Firefighters Association Inc | PO BOX 606, North Oxford, MA 01537-0606 | MA | 2000-09 | $5,078 |
| 3 | Oxford High School Booster Club Inc | Po Box 218, Oxford, MA 01540 | MA | 1997-01 | $14,154 |
| 4 | Oxford Little League Baseball Inc, Oxford Little League | PO BOX 112, Oxford, MA 01540-0112 | MA | 1996-04 | $94,618 |
| 5 | Oxford Street Day Care Cooperative | 25 Francis Ave, Cambridge, MA 02138-2112 | MA | 1975-01 | $908,394 |
| 6 | Oxl Foundation, Karen M Clark Ttee | One Winthrop Square, Boston, MA 02110-1209 | MA | 2007-03 | $1,325,624 |
| 7 | Oyster Harbors Club Caddy Scholarship Fund Inc | 2067 Oyster Hbr, Osterville, MA 02655-2494 | MA | 1988-01 | $110,016 |
| 8 | Ozer Foundation | PO BOX 517, Needham, MA 02494-0011 | MA | 2004-06 | $11,258 |
| 9 | P B H Charitable Trust, Margaret M Hobbs Ttee | 35 Bigelow St Apt 5, Cambridge, MA 02139-2348 | MA | $1 | |
| 10 | P I P Foundation Inc | 701 Main St, Worcester, MA 01610-3165 | MA | 1991-02 | $33,975 |
| 11 | P K Johnstone & H E Kimball Foundation | C/O Ropes Gray 800 Boylston St No, Boston, MA 02199 | MA | 1959-10 | $573,048 |
| 12 | P L A Y Inc | PO BOX 1345, Amherst, MA 01004-1345 | MA | 1992-05 | $30,191 |
| 13 | P L U S Charitable Trust Inc | 222 Stoney Gate, Carlisle, MA 01741-1844 | MA | 2007-01 | $61,190 |
| 14 | Pacc Inc | PO BOX 1061, Gardner, MA 01440-6061 | MA | 2005-01 | $458,871 |
| 15 | Pace Community Housing Corporation | 166 William St, New Bedford, MA 02740-6022 | MA | 1993-02 | $35,582 |
| 16 | Pace International Union, Local Union 04-1409 | 90 Lovering Street, Medway, MA 02053-2323 | MA | 1974-03 | $25,225,099 |
| 17 | Packard Manse | 583 Plain St, Stoughton, MA 02072-3125 | MA | 1951-04 | $30,727 |
| 18 | Padanaram Foundation, Perry A W & J S Ttee | 75 Federal St Ste 1100, Boston, MA 02110-1936 | MA | 1997-08 | $235,172 |
| 19 | Paige Company Inc, Paige Academy | 28 Highland Ave, Roxbury, MA 02119-1522 | MA | 1974-10 | $1,588,348 |
| 20 | Paige Victoria Perry Tr Fund | 4 Matchewuttah Road, Mashpee, MA 02649 | MA | 2007-07 | $769 |
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