Paul & Elaine Chervinsky Charitable Foundation in New Bedford, 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
| Paul & Elaine Chervinsky Charitable Foundation | |
| Employer Identification Number (EIN) | 043214315 |
| Name of Organization | Paul & Elaine Chervinsky Charitable Foundation |
| Address | 190 Hawthorn St, New Bedford, MA 02740-2201 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,938,565 |
| Amount of Income | $2,938,136 |
| Form 990 Revenue Amount | $139,286 |
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 | $179,584 | $157,959 | $0 | |
| Contributions, gifts, grants, etc., received | $39,165 | |||
| Interest on savings and temporary cash investments | $29,517 | |||
| Dividends and interest from securities | $128,442 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $131,063 | $14,690 | $0 | $112,406 |
| Compensation of officers, directors, trustees, etc. | $33,000 | |||
| Total operating and administrative expenses | $55,884 | $14,690 | $37,227 | |
| Contributions, gifts, grants paid | $75,179 | |||
| Excess of revenue over expenses and disbursements | $48,521 | |||
| Net investment income | $143,269 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,579,234 | $3,903,568 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,176,682 | |
| Investments-corporate bonds | $953,764 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $353,245 | |
| Other | $95,543 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,579,234 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-17,540 |
| 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 | $2,865 |
| Total credits and payments | $3,320 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,320 |
| 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 | $455 |
| Amount to be credited to 2013 estimated tax | $455 |
| 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 | $3,808,498 |
| Net value of noncharitable-use assets | $3,751,380 |
| Minimum investment return | $187,569 |
| Distributable Amount (for 2012) | |
| Distributable amount | $184,704 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $184,704 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $154,476 |
| 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 | Patrick Newell Memorial Foundation Inc | Po Box 414, Warren, MA 01083-0414 | MA | 2007-07 | $23,770 |
| 2 | Patriot Resource Conservation & Development Area Council Inc | 80 Providence Road, Westford, MA 01886 | MA | 2003-12 | $20,232 |
| 3 | Patriot Senior Citizen Club Inc | 90 Patriots Pkwy, Revere, MA 02151 | MA | 1985-04 | $0 |
| 4 | Patriots Hill Recreation Club Inc | PO BOX 2609, Acton, MA 01720-6609 | MA | 1972-08 | $91,344 |
| 5 | Tantasqua Music Association Inc | PO BOX 752, Sturbridge, MA 01566-0752 | MA | 2007-05 | $57,920 |
| 6 | Patrons For Older Adults Inc | 10 Beacon Street, Reading, MA 01867 | MA | 1974-09 | $3,289 |
| 7 | Patten Family Foundation | 665 Simonds Rd, Williamstown, MA 01267-2105 | MA | 2006-03 | $831,500 |
| 8 | Pattony Fundation | PO BOX 961019, Boston, MA 02196-1019 | MA | 2001-11 | $2,843,820 |
| 9 | Paucatuck Cemetery Association | 42 Goldenview Drive, West Springfield, MA 01089 | MA | 1962-07 | $0 |
| 10 | Paul & Diane Margolis Charitable Tr, Margolis Paul A Ttee | 1050 Winter St Ste 2600, Waltham, MA 02451-1496 | MA | 1998-05 | $39,281 |
| 11 | Paul & Elaine Chervinsky Charitable Foundation | 190 Hawthorn St, New Bedford, MA 02740-2201 | MA | 1994-05 | $2,938,136 |
| 12 | Paul & Virginia Cabot Charitable Tr | PO BOX 55806, Boston, MA 02205-5806 | MA | 1988-12 | $269,438 |
| 13 | Paul A Dever Association For Retarded Citizens | 10 Morgan St, Randolph, MA 02368-2216 | MA | 1981-02 | $21,426 |
| 14 | Paul A Plato Foundation Inc | 237 Shawmut Ave Apt 3, Boston, MA 02118 | MA | 2005-12 | $0 |
| 15 | Paul A Serben Charitable Fund | 2 International Pl Ste 22, Boston, MA 02110-4101 | MA | 1981-12 | $2,050 |
| 16 | Paul And Cheryl Hamel Family Foundation, Paul J Hamel Ttee | 300 2nd Ave Unit 3175, Needham, MA 02494-2960 | MA | 2008-01 | $150,294 |
| 17 | Paul And Helen Mitchell Scholarship Fund Inc | 26 Manning St, Needham Hgts, MA 02494-1510 | MA | 1987-05 | $1,235 |
| 18 | Paul And Joanne Egerman Family Charitable Foundation, Egerman Paul L & S Rosenthal Ttees | 77 Westcliff Rd, Weston, MA 02493-1409 | MA | 1997-08 | $18,500,014 |
| 19 | Paul C Richards & Gladys Richards Charitable Foundation, Carlin Robert Ttee | 31 Powder Hill Way, Westborough, MA 01581-3344 | MA | 1995-12 | $2,465,965 |
| 20 | Paul Center For Learning And Recreation Inc | 39 Concord Rd, Chelmsford, MA 01824-4617 | MA | 1977-06 | $598,606 |
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