Seneca Foundation in Canton, 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
| Seneca Foundation | |
| Employer Identification Number (EIN) | 043837090 |
| Name of Organization | Seneca Foundation |
| In Care of Name | Satinder Dhillon |
| Address | 17 Seneca Rd, Canton, MA 02021-1251 |
| Subsection | Educational Organization |
| Ruling Date | 06/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $94,973 |
| Amount of Income | $162,819 |
| Form 990 Revenue Amount | $176 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $162,819 (it was $8,660 in 2012)
| Seneca Foundation: | $162,819 |
| Other organizations performing similar types of work: | $68,292 |
Assets in 2013: $94,973 (it was $87,237 in 2012)
| This organization: | $94,973 |
| Other organizations performing similar types of work: | $56,708 |
Expenses in 2012: $5,337
| This organization: | $5,337 |
| Other organizations performing similar types of work: | $47,239 |
Income to expenses ratio in 2012: 30.5
| Seneca Foundation: | 30.5 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2012: 0.0%
| Seneca Foundation: | 0.0% |
| Other organizations performing similar types of work: | 0.5% |
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 | $4,450 | $4,682 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $4,682 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $5,337 | $0 | $0 | $4,650 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $687 | $0 | $0 | |
| Contributions, gifts, grants paid | $4,650 | |||
| Excess of revenue over expenses and disbursements | $-887 | |||
| Net investment income | $4,682 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $87,237 | $90,052 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $85,376 | |
| Other | $1,861 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $87,237 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-232 |
| 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 | $47 |
| Total credits and payments | $75 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $75 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $28 |
| Amount to be credited to 2013 estimated tax | $28 |
| 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 | $89,582 |
| Net value of noncharitable-use assets | $88,240 |
| Minimum investment return | $4,412 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,365 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,365 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $330 |
| 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 | The University Of Arkansas Fort Smith Foundation Inc | PO BOX 3649, Fort Smith, AR 72913-3649 | AR | 1975-01 | $25,316,256 |
| 2 | Rsf Social Investment Fund Inc | 1002 Oreilly Ave, San Francisco, CA 94129-5257 | CA | 2000-12 | $4,721,971 |
| 3 | The Elizabeth Bowers Zambia Education Fund | Po Box 294, Salem, OR 97308-0294 | OR | 2007-03 | $49,547 |
| 4 | The Match Foundation Inc | 1001 Commonwealth Ave, Boston, MA 02215-1308 | MA | 2000-06 | $9,560,521 |
| 5 | Charter School Financing Partnership Llc | 1 Washington Mall Fl 12, Boston, MA 02108-2603 | MA | 2011-10 | $3,465,850 |
| 6 | Sacajawea Charitable Foundation, Wrean William H Ttee | 148 Linden St Ste 204, Wellesley, MA 02482-7916 | MA | 1999-12 | $3,398,849 |
| 7 | Wcs - 381 Plantation Street Inc | 333 South St Ste 290, Shrewsbury, MA 01545-7807 | MA | 2014-08 | $3,191,730 |
| 8 | University Of Massachusetts Amherst Foundation Inc | 134 Hicks Way, Amherst, MA 01003-9270 | MA | 2003-06 | $2,404,633 |
| 9 | The Sizer Foundation Inc | 49 Antietam St, Devens, MA 01434-5230 | MA | 2004-07 | $415,160 |
| 10 | Teens For Technology Inc | 224 Marlborough St Apt 12, Boston, MA 02116-1783 | MA | 2003-08 | $339,721 |
| 11 | Seneca Foundation | 17 Seneca Rd, Canton, MA 02021-1251 | MA | 2006-06 | $162,819 |
| 12 | Rotary Club Education Fund Of Framingham | 1 Carriage Hill Cir, Southborough, MA 01772-1341 | MA | 1964-11 | $123,118 |
| 13 | Pentucket Education Foundation Inc | PO BOX 513, West Newbury, MA 01985-0613 | MA | 2010-12 | $101,031 |
| 14 | Friends Of Meali International Inc | 240 Brattle Street S240, Cambridge, MA 02138 | MA | 2009-04 | $85,620 |
| 15 | Johnny Mac Memorial Foundation, James Hoyt Ttee | 14 Knoll Rd, Hopkinton, MA 01748-2710 | MA | 2012-03 | $79,940 |
| 16 | Plymouth Rotary Charitable Fund Inc | 34 Main St Ext, Plymouth, MA 02360-8302 | MA | 2010-07 | $70,265 |
| 17 | St Raphael Religious Education Development Tr | 516 High St, Medford, MA 02155-6729 | MA | 2002-05 | $59,527 |
| 18 | Masconomet High School Football Boosters Inc | Po Box 239, Boxford, MA 01921 | MA | 2011-06 | $57,133 |
| 19 | Wrentham Elementary Schools Trust Inc, West | PO BOX 852, Wrentham, MA 02093-0852 | MA | 2007-12 | $47,937 |
| 20 | Maynard Educational Enrichment Foundation Inc, Maynard Education Foundation | Po Box 89, Maynard, MA 01754 | MA | 2001-05 | $47,880 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,586 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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