Santayana Fund Inc in Newton, 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
| Santayana Fund Inc | |
| Employer Identification Number (EIN) | 043322480 |
| Name of Organization | Santayana Fund Inc |
| In Care of Name | Pamela Solo |
| Address | 59 Parsons St, Newton, MA 02465-2137 |
| Activities | Study and research (non scientific) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $24,884 |
| Amount of Income | $521,531 |
| Form 990 Revenue Amount | $476,891 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Elementary, Secondary Education, K - 12 |
Non-representatives - add comments:
Amount of income in 2013: $521,531 (it was $260,512 in 2012)
| This organization: | $521,531 |
| Other organizations performing similar types of work: | $784,710 |
Assets in 2013: $24,884 (it was $34,890 in 2012)
| Santayana Fund Inc: | $24,884 |
| Other organizations performing similar types of work: | $641,691 |
Expenses in 2012: $293,133
| This organization: | $293,133 |
| Other organizations performing similar types of work: | $893,721 |
Income to expenses ratio in 2012: 1.8
| This organization: | 1.8 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 99.8%
| This organization: | 99.8% |
| Other organizations performing similar types of work: | 3.2% |
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 | $260,512 | $195 | $512 | |
| Contributions, gifts, grants, etc., received | $260,000 | |||
| Interest on savings and temporary cash investments | $4 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $508 | |||
| Total expenses and disbursements | $293,133 | $1,437 | $630 | $289,218 |
| Compensation of officers, directors, trustees, etc. | $17,500 | |||
| Total operating and administrative expenses | $209,133 | $1,437 | $205,218 | |
| Contributions, gifts, grants paid | $84,000 | |||
| Excess of revenue over expenses and disbursements | $-32,621 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $34,890 | $34,890 |
| Cash - non-interest-bearing | $7,514 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $27,376 | |
| Total liabilities | $14,296 | |
| Mortgages and other notes payable | $0 | |
| Other | $14,296 | |
| Total liabilities and net assets/fund balances | $20,594 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $1,566 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,566 |
| 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 | $1,566 |
| Amount to be credited to 2013 estimated tax | $1,566 |
| 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? | Yes |
| 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? | Yes |
| 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 | $52,506 |
| Net value of noncharitable-use assets | $51,720 |
| Minimum investment return | $2,586 |
| 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 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $289,218 | $489,771 | $497,812 | $621,778 | $1,898,579 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $1,724 | $4,031 | $4,841 | $4,193 | $14,789 |
| 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 | Uplift Education | 1825 Market Center Blvd Ste 500, Dallas, TX 75207-3349 | TX | 1996-10 | $72,740,503 |
| 2 | Saint Johns School | 1454 Ave Ashford, San Juan | international | 1963-09 | $10,905,510 |
| 3 | Somerset Academy Inc | 6340 Sunset Dr, Miami, FL 33143-4836 | FL | 1998-01 | $98,268,792 |
| 4 | Services For Children With Hidden Intelligence Inc, S C H I | 1416 Monmouth Ave, Lakewood, NJ 08701-1933 | NJ | 1996-10 | $16,990,396 |
| 5 | Broccoli Hall Inc | 142 North Road, Sudbury, MA 01776-1142 | MA | 1997-12 | $2,291,055 |
| 6 | Lander-Grinspoon Academy Solomon Sc Hechter Day School | 257 Prospect St, Northampton, MA 01060-2126 | MA | 1996-08 | $1,443,293 |
| 7 | Sinai Academy Of The Berkshires Inc | 199 South St, Pittsfield, MA 01201-6837 | MA | 1995-10 | $735,500 |
| 8 | Santayana Fund Inc | 59 Parsons St, Newton, MA 02465-2137 | MA | 1996-10 | $521,531 |
| 9 | Jonathan Edwards Academy Inc | 251 Millers Falls Rd, Turners Falls, MA 01376-1604 | MA | 1998-06 | $288,739 |
| 10 | Boxford Academy | PO BOX 223, Boxford, MA 01921-0223 | MA | 1998-03 | $133,180 |
| 11 | Petersham Montessori School Inc | 28 New Salem Rd, Petersham, MA 01366-9703 | MA | 1997-11 | $108,600 |
| 12 | Drum Workshop Inc | PO BOX 2262, West Tisbury, MA 02575 | MA | 1995-12 | $85,918 |
| 13 | The Greenhouse School Inc | 145 Loring Ave, Salem, MA 01970-4423 | MA | 1995-01 | $79,780 |
| 14 | Community School Association Inc | PO BOX 51, Sherborn, MA 01770-0051 | MA | 1998-05 | $59,217 |
| 15 | Sutton Education Foundation Tr, Harrison Timothy J Ttee | PO BOX 663, Sutton, MA 01590-0663 | MA | 1996-02 | $18,777 |
| 16 | Center For Creative Consciousness Inc | 216 South Silver Lane, Sunderland, MA 01375 | MA | 1997-01 | $0 |
| 17 | Hill Crest Academy | PO BOX 79, Chartley, MA 02712-0079 | MA | 1996-11 | $0 |
| 18 | Nigerian Cultural Community Of Massachusetts Inc | Po Box 191576, Roxbury, MA 02119 | MA | 1997-08 | $0 |
| 19 | Transformations Project Inc | PO BOX 1205, Jamaica Plain, MA 02130-0011 | MA | 1995-12 | $0 |
| 20 | Westford Against Substance Abuse Inc | Po Box 668, Westford, MA 01886 | MA | 1991-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 785 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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