Roberts Family Foundation 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
- Organizations performing similar types of work
| Roberts Family Foundation | |
| Employer Identification Number (EIN) | 043522054 |
| Name of Organization | Roberts Family Foundation |
| In Care of Name | Robert G Bannish Ttee |
| Address | 31 Saint James Ave Ste 740, Boston, MA 02116-4186 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2001 |
| Deductibility | Contributions are not deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $11,083,893 |
| Amount of Income | $6,020,871 |
| Form 990 Revenue Amount | $137,406 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $6,020,871 (it was $11,351,386 in 2012)
| This organization: | $6,020,871 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2013: $11,083,893 (it was $11,582,757 in 2012)
| Roberts Family Foundation: | $11,083,893 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $869,186
| Roberts Family Foundation: | $869,186 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 6.9
| Roberts Family Foundation: | 6.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 119.0%
| This organization: | 119.0% |
| Other organizations performing similar types of work: | 79.6% |
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 | $5,344,973 | $1,084,916 | $0 | |
| Contributions, gifts, grants, etc., received | $6,358,493 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $97,608 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,494 | |||
| Total expenses and disbursements | $869,186 | $47,926 | $0 | $821,225 |
| Compensation of officers, directors, trustees, etc. | $13,000 | |||
| Total operating and administrative expenses | $47,961 | $47,926 | $0 | |
| Contributions, gifts, grants paid | $821,225 | |||
| Excess of revenue over expenses and disbursements | $4,475,787 | |||
| Net investment income | $1,036,990 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $11,582,757 | $11,981,096 |
| Cash - non-interest-bearing | $99,029 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $11,483,728 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $11,582,757 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-1,113,622 |
| 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 | $10,370 |
| Total credits and payments | $49,801 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $4,801 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $45,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $39,431 |
| Amount to be credited to 2013 estimated tax | $39,431 |
| 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 | $7,971,156 |
| Net value of noncharitable-use assets | $7,851,580 |
| Minimum investment return | $392,579 |
| Distributable Amount (for 2012) | |
| Distributable amount | $382,209 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $382,209 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Yawkey Foundation Ii | 990 Washington St Ste 315, Dedham, MA 02026-6719 | MA | 1983-04 | $161,634,281 |
| 2 | The Linda@hammett Ory & Andrew Ory Charitable Trust, Andrew Ory Ttee | PO BOX 6358, Lincoln, MA 01773-6358 | MA | 2013-10 | $64,278,135 |
| 3 | Melampy-Lawrence Charitable Trust | 1024 Main St, Dunstable, MA 01827-1119 | MA | 2013-09 | $44,752,336 |
| 4 | Stifler Family Foundation, Stifler Lawrence T P Ttee | 100 Codman Rd, Brookline, MA 02445-7555 | MA | 2004-02 | $32,304,040 |
| 5 | Casey & Family Foundation, Curtis W Marble Ttee | PO BOX 623, Harvard, MA 01451-0623 | MA | 2010-02 | $22,639,176 |
| 6 | Wagner Family Foundation | PO BOX 51400, Boston, MA 02205-1400 | MA | 2004-01 | $19,009,860 |
| 7 | Goldhirsh Yellin Foundation | Rinet 101 Federal St, Boston, MA 02110 | MA | 2010-08 | $16,900,879 |
| 8 | James M Rabb Charitable Trust | 10 Possum Rd, Weston, MA 02493-2318 | MA | 2014-05 | $10,561,076 |
| 9 | Tbl Charitable Foundation | 15 Charlesden Park, Newtonville, MA 02460-2207 | MA | 2006-02 | $9,272,639 |
| 10 | The Ashurst Foundation, Pozen Robert C Et Al Ttee | 9 Arlington Street, Boston, MA 02116-3410 | MA | 2004-12 | $7,907,374 |
| 11 | Samantha Becky Mark Foundation | 16 Boardman Ave, Manchester, MA 01944-1406 | MA | 2009-07 | $7,019,237 |
| 12 | Strategic Grant Partners Inc | 240 Newbury St Ste 2, Boston, MA 02116-2580 | MA | 2003-04 | $6,103,784 |
| 13 | Hamilton Company Charitable Foundation | 39 Brighton Ave, Allston, MA 02134-2301 | MA | 2014-03 | $5,571,735 |
| 14 | The Nooril-Iman Charitable Foundation Inc | 1 Highwood Dr, Tewksbury, MA 01876-1155 | MA | 2001-04 | $5,449,254 |
| 15 | Nuance Foundation Inc | 1 Wayside Rd, Burlington, MA 01803-4609 | MA | 2012-10 | $5,324,983 |
| 16 | Green Family Charitable Foundation | 2251 Head Of The Bay, Harwich, MA 02645 | MA | 2012-05 | $4,997,125 |
| 17 | James H & Irene M Hunter Charitable Tr, Susan W Hunnewell Ttee | C/O Ridgeway Partners 10 Post, Boston, MA 02109 | MA | 2011-02 | $4,925,434 |
| 18 | The Robert F Higgins Foundation, Higgins Robert F Ttee | 2 International Pl, Boston, MA 02110-4104 | MA | 2000-06 | $4,716,423 |
| 19 | The Robert And Michelle Cooke Atchinson Foundation, Atchinson Robert G Ttee | 115 Commonwealth Ave Apt 2, Boston, MA 02116-2332 | MA | 1999-07 | $4,251,138 |
| 20 | The Owens Family Foundation | PO BOX 78, Norwell, MA 02061-0078 | MA | 2001-01 | $3,729,564 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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