Ruth A Shultz Trust Under Will Of in Lenox, 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
| Ruth A Shultz Trust Under Will Of | |
| Employer Identification Number (EIN) | 066205123 |
| Name of Organization | Ruth A Shultz Trust Under Will Of |
| In Care of Name | Legacy Banks Trustee |
| Address | 25 Main St, Lenox, MA 01240-2311 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 09/1978 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $155,075 |
| Amount of Income | $97,355 |
| Form 990 Revenue Amount | $4,488 |
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 | $8,202 | $8,153 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $4,776 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $3,426 | |||
| Total expenses and disbursements | $8,424 | $2,847 | $0 | $5,442 |
| Compensation of officers, directors, trustees, etc. | $2,322 | |||
| Total operating and administrative expenses | $3,924 | $2,847 | $942 | |
| Contributions, gifts, grants paid | $4,500 | |||
| Excess of revenue over expenses and disbursements | $-222 | |||
| Net investment income | $5,306 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $156,107 | $173,683 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $112,322 | |
| Investments-corporate bonds | $34,251 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $9,534 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $156,107 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,426 |
| 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 | $106 |
| Total credits and payments | $36 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $36 |
| 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 | $70 |
| 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 | $173,514 |
| Net value of noncharitable-use assets | $170,920 |
| Minimum investment return | $8,546 |
| Distributable Amount (for 2012) | |
| Distributable amount | $8,440 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $8,440 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $4,959 |
| 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 | Russell Cooperative Preschool Incorporated, First Parish Church | 35 Church St, Watertown, MA 02472-3846 | MA | 1976-04 | $186,882 |
| 2 | Russells Garden Center Charitable Foundation Inc | 397 Boston Post Rd, Wayland, MA 01778-1802 | MA | 1997-10 | $95,383 |
| 3 | Russell Mill Swim And Tennis Club Inc | 160 Mill Rd, Chelmsford, MA 01824-4834 | MA | 1974-11 | $245,573 |
| 4 | Russell-Davidson Foundation | 18 Colony Dr, Orleans, MA 02653-2737 | MA | 1993-12 | $116,451 |
| 5 | Russian Center For Leadership Inc | 187 Forest Hills St, Jamaica Plain, MA 02130-3365 | MA | 2007-08 | $312 |
| 6 | Russian Community Association Of Massachusetts Inc | 1845 Commonwealth Ave, Boston, MA 02135-5428 | MA | 1997-03 | $814,955 |
| 7 | Russian Jewish Community Foundation | 200 Wells Avenue, Newton Center, MA 02459-3330 | MA | 2005-06 | $225,450 |
| 8 | Russo Family Charitable Foundation Tr, Russo Devette Ttee | C/O The Colony Group 2 Atlantic, Boston, MA 02110 | MA | 1998-11 | $137,839 |
| 9 | Ruth & Frederick Stavis Family Foundation Inc, Stavis Frederick Pres | 363 Highland St, Newton, MA 02465-2705 | MA | 1987-05 | $223,296 |
| 10 | Ruth A Elmore Trust | 210 Massachusetts Ave P05-10, Boston, MA 02115-3012 | MA | 1997-07 | $831,947 |
| 11 | Ruth A Shultz Trust Under Will Of | 25 Main St, Lenox, MA 01240-2311 | MA | 1978-09 | $97,355 |
| 12 | Ruth And Allen Schwartz Charitable Foundation, Schwartz Allen Ttee | 25 Shepard Ave, Swampscott, MA 01907-1614 | MA | 1993-01 | $35 |
| 13 | Ruth B Whittemore Charitable Tr Uid 12191995, Erb Donald R & Elisha W Ttee | PO BOX 827, Fitchburg, MA 01420-0056 | MA | 2002-05 | $357,826 |
| 14 | Ruth Brown Memorial Scholarship | 108 W Main St, Georgetown, MA 01833-1523 | MA | $517 | |
| 15 | Ruth Covo Family Foundation | PO BOX 961019, Boston, MA 02196-1019 | MA | $982,874 | |
| 16 | Ruth E Proud Charitable Tr | 87 Marshall Street, North Adams, MA 01247 | MA | 2007-01 | $1,231,355 |
| 17 | Ruth H & Warren A Ellsworth Foundation | 370 Main St 12th Flr No 1250, Worcester, MA 01608-1723 | MA | 1966-09 | $3,476,316 |
| 18 | Ruth H Holmes Trust | 2036 Washington St, Hanover, MA 02339-1617 | MA | 1968-06 | $68,322 |
| 19 | Ruth K And Ralph G Webber Family Foundation Inc | 64 Holmes St, Marion, MA 02738-1623 | MA | 2004-03 | $492,843 |
| 20 | Ruth Lassiter Ministries Inc | 67 Fair Oaks Park, Needham, MA 02492-3103 | MA | 2006-12 | $50 |
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