Russo Family Charitable Foundation Tr, Russo Devette Ttee 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
| Russo Family Charitable Foundation Tr, Russo Devette Ttee | |
| Employer Identification Number (EIN) | 043422324 |
| Name of Organization | Russo Family Charitable Foundation Tr |
| Secondary Name | Russo Devette Ttee |
| In Care of Name | Colony Group |
| Address | C/O The Colony Group 2 Atlantic, Boston, MA 02110 |
| Activities | Other religious activities |
| Subsection | Charitable Organization |
| Ruling Date | 11/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $235,965 |
| Amount of Income | $137,839 |
| Form 990 Revenue Amount | $19,034 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: |
Non-representatives - add comments:
Amount of income in 2013: $137,839 (it was $234,986 in 2012)
| This organization: | $137,839 |
| Other organizations performing similar types of work: | $161,555 |
Assets in 2013: $235,965 (it was $259,795 in 2012)
| This organization: | $235,965 |
| Other organizations performing similar types of work: | $432,086 |
Expenses in 2012: $145,320
| Russo Family Charitable Foundation Tr, Russo Devette Ttee: | $145,320 |
| Other organizations performing similar types of work: | $61,941 |
Income to expenses ratio in 2012: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 2.8 |
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 | $45,534 | $45,515 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $5,436 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $40,098 | |||
| Total expenses and disbursements | $145,320 | $3,429 | $0 | $138,200 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $7,120 | $3,429 | $0 | |
| Contributions, gifts, grants paid | $138,200 | |||
| Excess of revenue over expenses and disbursements | $-99,786 | |||
| Net investment income | $42,086 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $259,795 | $483,741 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $180,143 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $25,271 | |
| Other | $54,381 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $259,795 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $40,098 |
| 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 | $421 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $421 |
| 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 | $542,456 |
| Net value of noncharitable-use assets | $534,320 |
| Minimum investment return | $26,716 |
| Distributable Amount (for 2012) | |
| Distributable amount | $26,295 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $26,295 |
| 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 | W T Anderson Trust Uw 7 | PO BOX 40200 FL9-100-10-19, Jacksonville, FL 32203-0200 | FL | 1997-05 | $14,399,004 |
| 2 | Saint Marys Home For Disabled Children Foundation | 6171 Kempsville Cir, Norfolk, VA 23502-3930 | VA | 1998-05 | $9,117,444 |
| 3 | The John P & Constance A Curran Charitable Foundation | 100 Scarborough Sta Rd, Scarborough, NY 10510-2028 | NY | 1997-08 | $8,476,230 |
| 4 | Tr Uw Of Jacob R Marcus Fbo Nettie And Merle J Marcus Memorial | PO BOX 1118, Cincinnati, OH 45201-1118 | OH | 1998-03 | $5,158,943 |
| 5 | Youth Foundation | PO BOX 309, Vail, CO 81658-0309 | CO | 1998-06 | $3,183,916 |
| 6 | Williamsburg Community School District Foundation | PO BOX 8, Williamsburg, IA 52361-0008 | IA | 1998-04 | $2,883,937 |
| 7 | Manzi Family Charitable Fund, Morrissey Robert Ttee | 404 Wyman St, Waltham, MA 02451-1212 | MA | 1997-10 | $908,215 |
| 8 | Deutsches Altenheim Foundation Inc | 2222 Centre St, West Roxbury, MA 02132-4034 | MA | 1998-04 | $818,655 |
| 9 | New England Region Volleyball Association Inc | 206 Forest St, North Andover, MA 01845-3207 | MA | 1992-09 | $694,635 |
| 10 | Russo Family Charitable Foundation Tr, Russo Devette Ttee | C/O The Colony Group 2 Atlantic, Boston, MA 02110 | MA | 1998-11 | $137,839 |
| 11 | Conway Family Foundation | PO BOX 3425, Edgartown, MA 02539-3425 | MA | 1997-09 | $92,392 |
| 12 | Pittsfield Rotary Club Foundation Inc | PO BOX 78, Pittsfield, MA 01202-0078 | MA | 1997-10 | $81,203 |
| 13 | Ince Foundation Inc | 33 Moulton St, Cambridge, MA 02138-1118 | MA | 1998-08 | $33,647 |
| 14 | Edward A Bond Foundation, Bond Edward A Jr Ttee | 145 Spring St, Everett, MA 02149-4517 | MA | 1997-11 | $30,407 |
| 15 | Friends Of Saint Marys University Inc | 198 Tremont Street, Boston, MA 02116 | MA | 1998-08 | $12,836 |
| 16 | Grubb Family Foundation | 119 Pleasant St, Granby, MA 01033-3320 | MA | 1997-05 | $10,995 |
| 17 | Strata Charitable Foundation Inc | 81 Main St, Medway, MA 02053-1812 | MA | 1998-06 | $5,068 |
| 18 | Coan Charitable Tr, Coan John T Jr Ttee | 202 Dodge St, Beverly, MA 01915-1214 | MA | 1997-04 | $1,092 |
| 19 | Fenway Community Health Center Endowment Fund Inc | 7 Haviland St, Boston, MA 02115-2683 | MA | 1998-02 | $0 |
| 20 | Library Trust Fund Of Medfield Massachusetts | 468 Main Street, Medfield, MA 02052 | MA | 1992-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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