Porter Charitable Trust in Quincy, 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
| Porter Charitable Trust | |
| Employer Identification Number (EIN) | 046109444 |
| Name of Organization | Porter Charitable Trust |
| In Care of Name | Wald & Company Pc |
| Address | C/O Wald Company Pc 300 Congress St, Quincy, MA 02169 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1947 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2013 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $162,712 |
| Amount of Income | $6,391 |
| Form 990 Revenue Amount | $2,628 |
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 | $2,779 | $2,229 | $0 | |
| Contributions, gifts, grants, etc., received | $550 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $2,229 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $7,158 | $0 | $0 | $6,850 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $308 | $0 | $0 | |
| Contributions, gifts, grants paid | $6,850 | |||
| Excess of revenue over expenses and disbursements | $-4,379 | |||
| Net investment income | $2,229 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $159,134 | $159,455 |
| Cash - non-interest-bearing | $4,356 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $150,796 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,982 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $159,134 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $22 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $22 |
| 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? | 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 | $162,236 |
| Net value of noncharitable-use assets | $159,800 |
| Minimum investment return | $7,990 |
| Distributable Amount (for 2012) | |
| Distributable amount | $7,968 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $7,968 |
| 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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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Pope John Paul Ii High School Dba Pope John Paul Ii High School | 120 High School Road, Hyannis, MA 02601 | MA | 1946-03 | $0 |
| 2 | Popplestone Foundation | One Post Office Square, Boston, MA 02109-2106 | MA | 2001-12 | $24,100,138 |
| 3 | Popponessett Beach Association Inc | 156 Wading Place Rd-Box 1674, Mashpee, MA 02649 | MA | 1968-12 | $250,979 |
| 4 | Theyellowumbrella Org Inc | 203 Washington Street No 234, Salem, MA 01970-3607 | MA | 2004-09 | $31,215 |
| 5 | Population And Development International Inc | 168 Beacon Street No 2, Boston, MA 02116-1401 | MA | 1983-08 | $580,121 |
| 6 | Poquoy Brook Golf Association Inc | 688 Neponset St, Norwood, MA 02062-5603 | MA | 1997-02 | $82,885 |
| 7 | Por Cristo Inc | 736 Cambridge St, Brighton, MA 02135-2907 | MA | 1980-05 | $657,832 |
| 8 | Porsche Club Of America Northeast Region Inc | C/O Michael Orsini - 16 Central Ct, Leominster, MA 01453 | MA | 1992-12 | $256,963 |
| 9 | Port O Call Exchange Inc | 38 Middle St, Gloucester, MA 01930 | MA | 1983-06 | $15,441 |
| 10 | Portal To Hope | PO BOX 5075, Salisbury, MA 01952-0075 | MA | 2004-01 | $183,522 |
| 11 | Porter Charitable Trust | C/O Wald Company Pc 300 Congress St, Quincy, MA 02169 | MA | 1947-02 | $6,391 |
| 12 | Porter-Phelps-Huntington Foundation Inc | 130 River Dr, Hadley, MA 01035-9782 | MA | 1955-10 | $77,107 |
| 13 | Portugese American Civic League Inc | 512 Central St, Lowell, MA 01852-2613 | MA | 2005-03 | $868,799 |
| 14 | Portuguese American Athletic Club Of Greater New Bedford Inc | 56 Holly St, New Bedford, MA 02746-2040 | MA | 1971-06 | $155,169 |
| 15 | Portuguese American Center Inc | 59 Charles St, Lowell, MA 01852-2672 | MA | 1976-12 | $982,694 |
| 16 | Portuguese American Club Inc | 65 Prairie Ave, Attleboro, MA 02703-4824 | MA | 1948-10 | $134,586 |
| 17 | Portuguese American Police Association Inc | PO BOX 51523, New Bedford, MA 02745 | MA | 1997-07 | $31,055 |
| 18 | Portuguese American Social Club Of Dartmouth Inc | 26 Columbus St, S Dartmouth, MA 02748-2812 | MA | 1954-06 | $291,961 |
| 19 | Portuguese Americans For Higher Education Inc | 11 Sheffield Drive, Peabody, MA 01960 | MA | 1991-08 | $0 |
| 20 | Portuguese Community Cultural Association Inc | 33 Norwood St, Ludlow, MA 01056-3518 | MA | 1986-12 | $21,083 |
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