Perls Foundation 90150376 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
| Perls Foundation 90150376 | |
| Employer Identification Number (EIN) | 046864032 |
| Name of Organization | Perls Foundation 90150376 |
| In Care of Name | Loring Wolcott & Coolidge |
| Address | 230 Congress St, Boston, MA 02110-2409 |
| Subsection | Charitable Organization |
| Ruling Date | 08/1998 |
| Foundation | Private non-operating foundation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $16,858,713 |
| Amount of Income | $4,987,714 |
| Form 990 Revenue Amount | $524,210 |
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 | $645,502 | $713,205 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $41,394 | |||
| Dividends and interest from securities | $639,520 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $20,800 | |||
| Total expenses and disbursements | $1,155,382 | $332,407 | $0 | $757,396 |
| Compensation of officers, directors, trustees, etc. | $115,000 | |||
| Total operating and administrative expenses | $526,947 | $332,407 | $128,961 | |
| Contributions, gifts, grants paid | $628,435 | |||
| Excess of revenue over expenses and disbursements | $-509,880 | |||
| Net investment income | $380,798 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $17,222,376 | $18,797,676 |
| Cash - non-interest-bearing | $10,704 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $8,303,149 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $4,678,523 | |
| Other | $4,230,000 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $17,222,376 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-56,212 |
| 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 | $7,616 |
| Total credits and payments | $20,760 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,760 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $15,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $4 |
| Tax due | $0 |
| Overpayment | $13,140 |
| Amount to be credited to 2013 estimated tax | $7,640 |
| 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 | $18,220,890 |
| Net value of noncharitable-use assets | $17,947,580 |
| Minimum investment return | $897,379 |
| Distributable Amount (for 2012) | |
| Distributable amount | $889,763 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $889,763 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $759,461 |
| 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 | Perfect Storm Foundation Inc | 248 E Main St, Gloucester, MA 01930-4145 | MA | 1998-11 | $0 |
| 2 | Performers Workshop Inc | 49 Old Farm Road, Chilmark, MA 02535 | MA | 2004-01 | $4,325 |
| 3 | Performing Arts Center Of Metrowest Inc | 140 Pearl St, Framingham, MA 01702-8222 | MA | 1983-06 | $345,042 |
| 4 | Performing Arts School Of Worcester Inc, Worcester Youth Orchestras | Po Box 991, Worcester, MA 01613 | MA | 1971-10 | $0 |
| 5 | Peri Support Fund Inc | 418 N Pleasant St Gordon Hall, Amherst, MA 01002 | MA | 2003-11 | $275,659 |
| 6 | Pericles Partners Foundation Inc | 44 Winthrop St, Charlestown, MA 02129-3315 | MA | 2007-10 | $881,992 |
| 7 | Periwinkle Montessori School Inc | 147 Trotting Park Rd, Teaticket, MA 02536-5627 | MA | 2008-12 | $91,536 |
| 8 | Perkin Fund | PO BOX 2220, S Hamilton, MA 01982-0220 | MA | 1967-08 | $30,734,501 |
| 9 | Perkinelmer Foundation | 940 Winter St, Waltham, MA 02451-1457 | MA | 1979-11 | $3,466,578 |
| 10 | Perkins Paper Inc Welfare Benefit Tr, Perkins Laurence L Ttee | 630 John Hancock Rd, Taunton, MA 02780-7380 | MA | 1998-11 | $10,153,351 |
| 11 | Perls Foundation 90150376 | 230 Congress St, Boston, MA 02110-2409 | MA | 1998-08 | $4,987,714 |
| 12 | Permanent Endowment Fund For Marthas Vineyard | PO BOX 602, Tisbury, MA 02575-0602 | MA | 1983-01 | $3,498,372 |
| 13 | Permanent Fund Trust For Harvard Travellers Club | PO BOX 190, Canton, MA 02021-0190 | MA | 1965-06 | $76,025 |
| 14 | Pernet Family Health Service Inc | 237 Millbury St, Worcester, MA 01610-2177 | MA | 1970-03 | $1,862,787 |
| 15 | Perpetual Benevolent Fund | PO BOX 1486, Lanesborough, MA 01237-1486 | MA | $5,695,753 | |
| 16 | Perpetual Help Foundation | C/O Dana Sambogna Cpa 38 Suffolk, West Yarmouth, MA 02673 | MA | 1992-06 | $10,000 |
| 17 | Perry And Madeline Garver Familyfoundation Inc | 23 Monmouth Ct, Brookline, MA 02446-5608 | MA | 2008-02 | $30,371 |
| 18 | Perry F Rich Trust 1 T17773 | 1 Lincoln Street Ssfc 24, Boston, MA 02111-2900 | MA | 1984-07 | $29,405 |
| 19 | Perry Henderson Foundation | 2223 Washington Street No 306, Newton, MA 02462-1417 | MA | 1995-12 | $181,117 |
| 20 | Perry N Finley Foundation Ltd | 10 Noyes Pl, Boston, MA 02113-1703 | MA | 1996-01 | $503 |
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