Patrick Carney Foundation Trust in Bridgewater, 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
| Patrick Carney Foundation Trust | |
| Employer Identification Number (EIN) | 046614314 |
| Name of Organization | Patrick Carney Foundation Trust |
| In Care of Name | Claremont Management Company |
| Address | One Lakeshore Ctr, Bridgewater, MA 02324-1065 |
| Subsection | Charitable Organization |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $9,697,022 |
| Amount of Income | $6,874,664 |
| Form 990 Revenue Amount | $838,363 |
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 | $313,633 | $310,797 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $3,148 | |||
| Dividends and interest from securities | $165,060 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,836 | |||
| Other | $142,589 | |||
| Total expenses and disbursements | $1,272,997 | $28,904 | $0 | $1,107,876 |
| Compensation of officers, directors, trustees, etc. | $89,232 | |||
| Total operating and administrative expenses | $179,521 | $28,904 | $14,400 | |
| Contributions, gifts, grants paid | $1,093,476 | |||
| Excess of revenue over expenses and disbursements | $-959,364 | |||
| Net investment income | $281,893 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,779,949 | $6,004,374 |
| Cash - non-interest-bearing | $37,466 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $5,735,231 | |
| Other | $7,252 | |
| Total liabilities | $2,305 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,305 | |
| Total liabilities and net assets/fund balances | $5,777,644 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $142,589 |
| 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 | $2,819 |
| Total credits and payments | $1,600 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,600 |
| 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 | $1,219 |
| Overpayment | $0 |
| 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? | 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? | Yes |
| 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 | $6,138,132 |
| Net value of noncharitable-use assets | $6,046,060 |
| Minimum investment return | $302,303 |
| Distributable Amount (for 2012) | |
| Distributable amount | $299,484 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $299,484 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Pathfinder Fund | 179 Harvey St, Cambridge, MA 02140-1700 | MA | 1961-04 | $968,760 |
| 2 | Pathways Partners | Po Box 204, Great Barrington, MA 01230 | MA | 1993-06 | $0 |
| 3 | Pathways To Wellness Inc, Aids Care Project | 1601 Washington St 3rd Floor, Boston, MA 02118-1951 | MA | 1991-01 | $1,090,122 |
| 4 | Patidar Samaj Of New England Incorporated Psne | 173old Town Way, Hanover, MA 02339-1444 | MA | 1996-01 | $16,467 |
| 5 | Paton Home School Association, Paton Pto | 58 Grafton Street, Shrewsbury, MA 01545 | MA | 1997-05 | $61,959 |
| 6 | Patricia Aslanis Foundation | 47 Black Rock Dr, Hingham, MA 02043-4879 | MA | 2007-07 | $119,498 |
| 7 | Patricia Colbert Donovan Memorial Fund | 14 Cottage Ln, Pembroke, MA 02359-2357 | MA | 2003-08 | $36,915 |
| 8 | Patricia Cornwell Foundation Inc, Bjorklund Victoria B Ttee | 71 Commercial Street No 315, Boston, MA 02109-1320 | MA | 2004-07 | $1 |
| 9 | Patrick And Kendra Odonnell Family Foundation, Odonnell C Patrick Ttee | PO BOX 961019, Boston, MA 02196-1019 | MA | 1999-08 | $37,515 |
| 10 | Patrick C Forde Memorial Fund | 66 Washington Ave, Needham, MA 02492-3628 | MA | 2006-11 | $9,915 |
| 11 | Patrick Carney Foundation Trust | One Lakeshore Ctr, Bridgewater, MA 02324-1065 | MA | $6,874,664 | |
| 12 | Patrick Comer Courage Foundation | PO BOX 282, Princeton, MA 01541-0282 | MA | 2009-02 | $88,943 |
| 13 | Patrick Newell Memorial Foundation Inc | Po Box 414, Warren, MA 01083-0414 | MA | 2007-07 | $23,770 |
| 14 | Patriot Resource Conservation & Development Area Council Inc | 80 Providence Road, Westford, MA 01886 | MA | 2003-12 | $20,232 |
| 15 | Patriot Senior Citizen Club Inc | 90 Patriots Pkwy, Revere, MA 02151 | MA | 1985-04 | $0 |
| 16 | Patriots Hill Recreation Club Inc | PO BOX 2609, Acton, MA 01720-6609 | MA | 1972-08 | $91,344 |
| 17 | Tantasqua Music Association Inc | PO BOX 752, Sturbridge, MA 01566-0752 | MA | 2007-05 | $57,920 |
| 18 | Patrons For Older Adults Inc | 10 Beacon Street, Reading, MA 01867 | MA | 1974-09 | $3,289 |
| 19 | Patten Family Foundation | 665 Simonds Rd, Williamstown, MA 01267-2105 | MA | 2006-03 | $831,500 |
| 20 | Pattony Fundation | PO BOX 961019, Boston, MA 02196-1019 | MA | 2001-11 | $2,843,820 |
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