Provident Community Foundation Inc in Amesbury, Massachusetts (MA)

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Provident Community Foundation Inc
Employer Identification Number (EIN)043397455
Name of OrganizationProvident Community Foundation Inc
In Care of NameRobert Becker
Address5 Market St, Amesbury, MA 01913-2408
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date01/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$1,511,960
Amount of Income$351,927
Form 990 Revenue Amount$42,905
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations


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Amount of income in 2013: $351,927 (it was $478,056 in 2012)
Provident Community Foundation Inc: 

 $351,927
Other organizations performing similar types of work: 

 $124,396

Assets in 2013: $1,511,960 (it was $1,614,445 in 2012)
This organization: 

 $1,511,960
Other organizations performing similar types of work: 

 $313,863

Expenses in 2012: $208,442
Provident Community Foundation Inc: 

 $208,442
Other organizations performing similar types of work: 

 $64,100

Income to expenses ratio in 2012: 1.7
Provident Community Foundation Inc: 

 1.7
Other organizations performing similar types of work: 

 1.5

Grants share in income in 2012: 0.0%
Provident Community Foundation Inc: 

 0.0%
Other organizations performing similar types of work: 

 0.6%

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$37,897$37,897$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$944
Dividends and interest from securities$36,580
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$373
Total expenses and disbursements$208,442$0$0$208,063
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$35,793$0$35,414
Contributions, gifts, grants paid$172,649
Excess of revenue over expenses and disbursements$-170,545
Net investment income$37,897
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$1,614,445$1,614,445
Cash - non-interest-bearing$11,007
Investments-U.S. and state government obligations$0
Investments-corporate stock$1,380,005
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$223,433
Total liabilities$0
Total liabilities and net assets/fund balances$1,614,445
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$373
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$379
Total credits and payments$851
2012 estimated tax payments and 2011 overpayment credited to 2012$851
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$472
Amount to be credited to 2013 estimated tax$472
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?Yes
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$1,681,592
Net value of noncharitable-use assets$1,656,360
Minimum investment return$82,818
Distributable Amount (for 2012)
Distributable amount$82,439
Undistributed Income (for 2012)
Distributable amount for 2012$82,439
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
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Tony Patino Fellowship Trust 783352PO BOX 1297, New York, NY 10008-1297NY1997-10$1,573,984
2Arcadia Charitable Tr Ua 050797, Stone Robert G Jr Et Al TteePO BOX 961209, Boston, MA 02196-1209MA1998-01$4,239,378
3Linden Foundation IncC/O Gma Foundations 77 Summer, Boston, MA 02110MA1996-11$2,531,478
4Hartsprings Foundation Inc101 State St Ste 204, Springfield, MA 01103-2066MA1998-02$2,063,383
5The East Boston Foundation1216 B Bennington St, East Boston, MA 02128-1267MA1998-07$804,339
6Provident Community Foundation Inc5 Market St, Amesbury, MA 01913-2408MA1998-01$351,927
7Edward Lee And Slocomb Hollis Perry Foundation214 Allandale Rd-A, Chestnut Hill, MA 02467-3279MA1998-11$310,008
8The Morse Charitable TrustOne Winthrop Square, Boston, MA 02110-1209MA1997-10$278,011
9Roy F Coppedge Charitable Fdn800 South St Ste 255, Waltham, MA 02453-1445MA1997-10$267,107
10Kaplan Simons Family Foundation IncPO BOX 430, Sharon, MA 02067-0430MA1997-09$123,645
11Temple Beth Elohim Endowment Fund Inc10 Bethel Rd, Wellesley, MA 02481-3536MA1996-08$73,203
12The@bryant And Doris Barnard Family Foundation25 Rubbly Rd, Wenham, MA 01984-1709MA1998-08$55,229
13The James L And Nancy J Bildner Foundation, Brown Michael L TteeC/O Marcum Llp 53 State Street, Boston, MA 02109MA1998-11$1,750
14City Of Woburn Education Technology Foundation Inc55 Locust Street, Woburn, MA 01801MA1998-05$0
15Community Education Foundation Inc570 Tremont Street, Taunton, MA 02780MA1998-06$0
16Friends Of Bhs Girls Ice Hockey Inc84 State St, Boston, MA 02109-2202MA1996-07$0
17Hopkinton Educational Assistance Trust Inc288 Main St, Milford, MA 01757-2521MA1998-08$0
18Mary Pat Foster Memorial Association Inc58 Village Woods Rd, Haverhill, MA 01832-1077MA1998-06$0
19Randall Library Second Century Fund19 Crescent Street, Stow, MA 01775MA1994-01$0
20Until Inc45 Decker St, Milton, MA 02186-1423MA1994-04$0
Number of organizations performing similar types of work
Alaska1
Alabama23
Arkansas17
Arizona20
California78
Colorado16
Connecticut12
District of Columbia7
Delaware4
Florida100
Georgia36
Hawaii1
Iowa6
Idaho2
Illinois47
Indiana34
Kansas15
Kentucky15
Louisiana18
Massachusetts30
Maryland32
Maine6
Michigan48
Minnesota11
Missouri26
Mississippi13
Montana1
North Carolina53
North Dakota3
Nebraska5
New Jersey46
New Mexico3
Nevada7
New York83
Ohio38
Oklahoma12
Oregon9
Pennsylvania42
Rhode Island6
South Carolina19
South Dakota2
Tennessee23
Texas57
Utah17
Virginia20
Washington11
Wisconsin16
West Virginia1
Wyoming6
International3
Total1,101

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