Raymond E Lee Charitable Foundation, Lee Barbara Ttee in Hanover, 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
| Raymond E Lee Charitable Foundation, Lee Barbara Ttee | |
| Employer Identification Number (EIN) | 043245472 |
| Name of Organization | Raymond E Lee Charitable Foundation |
| Secondary Name | Lee Barbara Ttee |
| In Care of Name | Stephanie Jl Gertz |
| Address | 71 Bates Way, Hanover, MA 02339-1590 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $277,664 |
| Amount of Income | $203,107 |
| Form 990 Revenue Amount | $14,131 |
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 | $19,325 | $19,325 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $5,725 | |||
| Dividends and interest from securities | $3,466 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $10,134 | |||
| Total expenses and disbursements | $62,724 | $0 | $0 | $51,564 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $11,160 | $0 | $0 | |
| Contributions, gifts, grants paid | $51,564 | |||
| Excess of revenue over expenses and disbursements | $-43,399 | |||
| Net investment income | $19,325 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $277,664 | $287,992 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $47,267 | |
| Investments-corporate stock | $11,519 | |
| Investments-corporate bonds | $47,849 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $159,943 | |
| Other | $11,086 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $277,664 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $10,134 |
| 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 | $387 |
| Total credits and payments | $2,908 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,908 |
| 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 | $2,521 |
| Amount to be credited to 2013 estimated tax | $2,521 |
| 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 | $304,572 |
| Net value of noncharitable-use assets | $300,000 |
| Minimum investment return | $15,000 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $14,613 |
| 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 | The Center For Hope And Healing Inc | 144 Merrimack St Ste 304, Lowell, MA 01852-1710 | MA | 1981-09 | $403,784 |
| 2 | Rational Games Inc | 955 Massachusetts Avenue No 274, Cambridge, MA 02139-3233 | MA | 2000-06 | $183,516 |
| 3 | Rattlesnake Gutter Trust | 6 Rattlesnake Gutter Road, Leverett, MA 01054 | MA | 1989-11 | $16,861 |
| 4 | Rattlesnake Hill Open Space Association Inc | 580 Mountain Street, Sharon, MA 02067 | MA | 2003-03 | $0 |
| 5 | Ravenswood Human Development Inc | PO BOX 916, Gloucester, MA 01931-0916 | MA | 1992-03 | $29,985 |
| 6 | Raw Art Works Inc | 37 Central Square, Lynn, MA 01901-1379 | MA | 1987-12 | $2,821,993 |
| 7 | Rawkstars Inc | 44 Silvia Farm Drive, East Taunton, MA 02718 | MA | 2004-01 | $0 |
| 8 | Ray Tye Medical Aid Foundation, Tye Eileen Ttee | 60 State St, Boston, MA 02109-1800 | MA | 2002-02 | $93,975 |
| 9 | Raymond & Marilyn Ruddy Charitable Tr, Ruddy Raymond B & M A Ruddy Ttee | 26 Rolling Ln, Dover, MA 02030-2446 | MA | 2001-11 | $835,930 |
| 10 | Raymond E & Marie V Fontaine Family Foundation Inc | PO BOX 2018, Dennis, MA 02638-5018 | MA | 1997-05 | $24,512 |
| 11 | Raymond E Lee Charitable Foundation, Lee Barbara Ttee | 71 Bates Way, Hanover, MA 02339-1590 | MA | 1994-10 | $203,107 |
| 12 | Raymond E Riddick Memorial Scholarship Fund Inc | 22 Blakes Hill Rd, Westford, MA 01886-2639 | MA | 1982-02 | $50,706 |
| 13 | Raymond Family Foundation | 29 Commonwealth Avenue 4th Floor, Boston, MA 02116-2349 | MA | 1991-07 | $1 |
| 14 | Raymond T & Beatrice C Lee | 2 Duddy Ave, Waltham, MA 02453-4226 | MA | 1989-04 | $118,903 |
| 15 | Raynham Association Of Volunteers For Education Inc Rave, L B Merrill School | 777 Pleasant St, Raynham, MA 02767-1561 | MA | 1988-12 | $14,978 |
| 16 | Raynham Giants Football And Cheerleading Organization Inc | PO BOX 587, Raynham, MA 02767 | MA | 2006-11 | $47,292 |
| 17 | Raynham Public Library | 760 S Main St, Raynham, MA 02767-1678 | MA | 1973-06 | $342,802 |
| 18 | Raynham Youth Baseball & Softball Association Inc, Rybsa | PO BOX 471, Raynham, MA 02767 | MA | 1998-04 | $163,644 |
| 19 | Raytheon Charitable Foundation | 870 Winter St, Waltham, MA 02451-1449 | MA | 1955-12 | $0 |
| 20 | Raytheon Employees Association, Rea | 350 Lowell St, W Andover, MA 01810-4400 | MA | 1992-01 | $328,932 |
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