Porter Charitable Trust in Quincy, Massachusetts (MA)

Organization representatives - add corrected or new information about Porter Charitable Trust »

Non-representatives - add comments about Porter Charitable Trust»

Porter Charitable Trust
Employer Identification Number (EIN)046109444
Name of OrganizationPorter Charitable Trust
In Care of NameWald & Company Pc
AddressC/O Wald Company Pc 300 Congress St, Quincy, MA 02169
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date02/1947
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period10/2013
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - 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:


CAPTCHA

Your IP address 34.200.248.66 will be logged.

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements 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 ValueFair 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)
2012201120102009Total
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
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Porter Charitable Trust to others? (optional)
  
Add photo of Porter Charitable Trust (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Other organizations in Massachusetts
IdNameAddressStateEstablishedTotal Income
1Pope John Paul Ii High School Dba Pope John Paul Ii High School120 High School Road, Hyannis, MA 02601MA1946-03$0
2Popplestone FoundationOne Post Office Square, Boston, MA 02109-2106MA2001-12$24,100,138
3Popponessett Beach Association Inc156 Wading Place Rd-Box 1674, Mashpee, MA 02649MA1968-12$250,979
4Theyellowumbrella Org Inc203 Washington Street No 234, Salem, MA 01970-3607MA2004-09$31,215
5Population And Development International Inc168 Beacon Street No 2, Boston, MA 02116-1401MA1983-08$580,121
6Poquoy Brook Golf Association Inc688 Neponset St, Norwood, MA 02062-5603MA1997-02$82,885
7Por Cristo Inc736 Cambridge St, Brighton, MA 02135-2907MA1980-05$657,832
8Porsche Club Of America Northeast Region IncC/O Michael Orsini - 16 Central Ct, Leominster, MA 01453MA1992-12$256,963
9Port O Call Exchange Inc38 Middle St, Gloucester, MA 01930MA1983-06$15,441
10Portal To HopePO BOX 5075, Salisbury, MA 01952-0075MA2004-01$183,522
11Porter Charitable TrustC/O Wald Company Pc 300 Congress St, Quincy, MA 02169MA1947-02$6,391
12Porter-Phelps-Huntington Foundation Inc130 River Dr, Hadley, MA 01035-9782MA1955-10$77,107
13Portugese American Civic League Inc512 Central St, Lowell, MA 01852-2613MA2005-03$868,799
14Portuguese American Athletic Club Of Greater New Bedford Inc56 Holly St, New Bedford, MA 02746-2040MA1971-06$155,169
15Portuguese American Center Inc59 Charles St, Lowell, MA 01852-2672MA1976-12$982,694
16Portuguese American Club Inc65 Prairie Ave, Attleboro, MA 02703-4824MA1948-10$134,586
17Portuguese American Police Association IncPO BOX 51523, New Bedford, MA 02745MA1997-07$31,055
18Portuguese American Social Club Of Dartmouth Inc26 Columbus St, S Dartmouth, MA 02748-2812MA1954-06$291,961
19Portuguese Americans For Higher Education Inc11 Sheffield Drive, Peabody, MA 01960MA1991-08$0
20Portuguese Community Cultural Association Inc33 Norwood St, Ludlow, MA 01056-3518MA1986-12$21,083

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Porter Charitable Trust and has no official or unofficial affiliation with Porter Charitable Trust