Saras Fund in Brockton, 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
| Saras Fund | |
| Employer Identification Number (EIN) | 020607464 |
| Name of Organization | Saras Fund |
| In Care of Name | Stephen R Wainwright |
| Address | PO BOX 70, Brockton, MA 02303-0070 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2003 |
| 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 | $122,543 |
| Amount of Income | $28,636 |
| Form 990 Revenue Amount | $3,368 |
| National Taxonomy of Exempt Entities (NTEE) | Diseases, Disorders, Medical Disciplines: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $28,636 (it was $37,537 in 2012)
| Saras Fund: | $28,636 |
| Other organizations performing similar types of work: | $86,061 |
Assets in 2013: $122,543 (it was $119,832 in 2012)
| This organization: | $122,543 |
| Other organizations performing similar types of work: | $30,896 |
Expenses in 2012: $9,748
| Saras Fund: | $9,748 |
| Other organizations performing similar types of work: | $41,579 |
Income to expenses ratio in 2012: 2.9
| This organization: | 2.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 84.7% |
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 | $4,808 | $5,053 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,056 | |||
| Dividends and interest from securities | $3,017 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $980 | |||
| Total expenses and disbursements | $9,748 | $3,517 | $0 | $6,200 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,548 | $3,517 | $0 | |
| Contributions, gifts, grants paid | $6,200 | |||
| Excess of revenue over expenses and disbursements | $-4,940 | |||
| Net investment income | $1,536 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $119,832 | $130,501 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $88,691 | |
| Investments-corporate bonds | $25,000 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $6,141 | |
| Total liabilities | $66 | |
| Mortgages and other notes payable | $0 | |
| Other | $66 | |
| Total liabilities and net assets/fund balances | $119,766 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-245 |
| 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 | $31 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $31 |
| 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 | $134,595 |
| Net value of noncharitable-use assets | $132,580 |
| Minimum investment return | $6,629 |
| Distributable Amount (for 2012) | |
| Distributable amount | $6,598 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $6,598 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $6,552 |
| 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 | Association Of Directors Of Geriatric Academic Programs Inc, Geriatric Care Center | 40 Fulton St Fl 18, New York, NY 10038-5082 | NY | 1994-01 | $1,913,085 |
| 2 | Dr J M Chadha Orthodontic Educationfoundation | 7845 Main St, Houma, LA 70360-4455 | LA | 2007-10 | $569,868 |
| 3 | Kansas Pediatric Foundation | 9905 Woodstock St, Lenexa, KS 66220-8000 | KS | 2004-06 | $558,753 |
| 4 | Itineris Foundation, If | 2201 Old Court Rd - Lower Level, Baltimore, MD 21208-3420 | MD | 2008-12 | $211,560 |
| 5 | International Association Of Oral And Maxillofacial Surgeons Fdn | 5550 Meadowbrook Industrial Ct No, Rolling Meadows, IL 60008-3805 | IL | 1998-12 | $162,816 |
| 6 | Caring Hands Caring Community Inc | PO BOX 1379, St Augustine, FL 32085-1379 | FL | 2006-12 | $141,115 |
| 7 | Foundation For The Callier Center And Communication Disorders | 1966 Inwood Rd, Dallas, TX 75235-7205 | TX | 1964-08 | $114,702 |
| 8 | Windy City Classic Foundation | 1119 W White Oak St Ste 106, Arlington Heights, IL 60005-3032 | IL | 2000-02 | $86,061 |
| 9 | American Friends Of The Phelophepa | 320 West 13th Street 7th Floor, New York, NY 10014-1200 | NY | 2001-02 | $32,134 |
| 10 | Saras Fund | PO BOX 70, Brockton, MA 02303-0070 | MA | 2003-09 | $28,636 |
| 11 | One Small Voice Foundation | 113 N Charlotte St, Lombard, IL 60148-2313 | IL | 2001-04 | $25,446 |
| 12 | Midwest Transplant Network Foundation | 1900 W 47th Pl Ste 400, Westwood, KS 66205-1801 | KS | 2004-09 | $12,356 |
| 13 | Cohen Foundation Of Maryland Inc | 5221 Crown St, Bethesda, MD 20816-1407 | MD | 2007-02 | $11,168 |
| 14 | The Foundation For Foot And Ankle Orthopedics And Medicine Inc | 5272 River Road Room/Suite 630, Bethesda, MD 20816 | MD | 2008-07 | $265 |
| 15 | Childrens A I R Foundation | 101 W 55th St, New York, NY 10019-5343 | NY | 2001-11 | $3 |
| 16 | Brain Trust, Brain Injury Hope Foundation | Po Box 1319, Boulder, CO 80306 | CO | 1999-01 | $0 |
| 17 | East Bay Headache Support Group | 1844 San Miguel Dr Ste 316, Walnut Creek, CA 94596-4963 | CA | 1996-12 | $0 |
| 18 | Korean American Medical Association Of Hawaii | 1010 S King St Ste 801, Honolulu, HI 96814 | HI | 2002-09 | $0 |
| 19 | Northeast Kansas Foundation For Ageing Services Inc | 1803 Oregon St, Hiawatha, KS 66434 | KS | 2003-04 | $0 |
| 20 | Wishing Well Foundation | 3209 28th Street, Meridian, MS 39305 | MS | 2006-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||
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| Total | 21 | ||||||||||||||||||||||||||
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