Shaw Fund For Mariners Children 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
- Other organizations in Massachusetts
| Shaw Fund For Mariners Children | |
| Employer Identification Number (EIN) | 042104861 |
| Name of Organization | Shaw Fund For Mariners Children |
| In Care of Name | Reussell Brier & Co Llp |
| Address | Ten Post Office Square 600, Boston, MA 02109 |
| Activities | Endowment fund or financial services, Gifts or grants to individuals (other than scholarships) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1937 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation exempt from paying excise taxes on investment income |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $10,426,785 |
| Amount of Income | $2,657,158 |
| Form 990 Revenue Amount | $386,201 |
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 | $646,375 | $636,000 | $204,191 | |
| Contributions, gifts, grants, etc., received | $10,175 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $203,991 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $200 | |||
| Other | $432,009 | |||
| Total expenses and disbursements | $348,588 | $12,626 | $0 | $305,962 |
| Compensation of officers, directors, trustees, etc. | $47,667 | |||
| Total operating and administrative expenses | $318,588 | $12,626 | $305,962 | |
| Contributions, gifts, grants paid | $30,000 | |||
| Excess of revenue over expenses and disbursements | $297,787 | |||
| Net investment income | $623,374 | |||
| Adjusted net income | $204,191 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,984,641 | $8,984,641 |
| Cash - non-interest-bearing | $90,254 | |
| Investments-U.S. and state government obligations | $463,924 | |
| Investments-corporate stock | $6,408,744 | |
| Investments-corporate bonds | $1,693,368 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $328,350 | |
| Other | $1 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $8,984,641 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $432,009 |
| 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 | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | 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? | Yes |
| 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 | $8,856,514 |
| Net value of noncharitable-use assets | $8,723,660 |
| Minimum investment return | $436,183 |
| 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 | $204,191 | $203,619 | $199,943 | $203,723 | $811,476 |
| Qualifying distributions made directly for active conduct of exempt activities | $305,962 | $323,304 | $350,056 | $312,892 | $1,292,214 |
| 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 | $290,789 | $280,667 | $264,686 | $244,273 | $1,080,415 |
| 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 | The Sharon Cooperative School Inc | 29 N Main St, Sharon, MA 02067-1203 | MA | 2006-09 | $629,513 |
| 2 | Sharon Credit Union | 30 Pond St, Sharon, MA 02067-2040 | MA | 1957-04 | $39,423,016 |
| 3 | Sharon Education Foundation Inc | Po Box 470, Sharon, MA 02067 | MA | 2003-10 | $32,556 |
| 4 | Sharon Fay And Maxine Schaffer Family Foundation, Matthew A Berlin Ttee | 50 Rowes Wharf, Boston, MA 02110-3339 | MA | 2010-05 | $469,118 |
| 5 | Sharon Fish & Game Club Inc East Street | PO BOX 360, Sharon, MA 02067-0360 | MA | 1959-03 | $89,226 |
| 6 | Sharon Historical Society Inc | PO BOX 175, Sharon, MA 02067-0175 | MA | 1989-10 | $28,786 |
| 7 | Sharon M Cerny Foundation Inc | 515 Providence Hwy Ste 103, Dedham, MA 02026-6817 | MA | 2009-06 | $2,695 |
| 8 | Sharon Youth Baseball Assoc Inc | PO BOX 181, Sharon, MA 02067-0181 | MA | 1992-12 | $176,809 |
| 9 | Shatz Schwartz And Fentin Charitable Foundation | 1441 Main St Ste 1100, Springfield, MA 01103-1450 | MA | 1981-02 | $13,898 |
| 10 | Shaun P Scully Scholarship Fund Inc | 22 Locust Rd, Chelmsford, MA 01824-3804 | MA | 1991-11 | $6,718 |
| 11 | Shaw Fund For Mariners Children | Ten Post Office Square 600, Boston, MA 02109 | MA | 1937-10 | $2,657,158 |
| 12 | Shawme Heights Inc | 5 Leveridge Lane, Sandwich, MA 02563-1834 | MA | 1983-09 | $542,540 |
| 13 | Shawmut Aquatic Club Inc | 71 Hillside Dr, Wayland, MA 01778-3826 | MA | 1976-02 | $470,479 |
| 14 | Shawmut Avenue-Tremont Street Tenant Corporation | 405 Shawmut Ave, Boston, MA 02118-2029 | MA | 1996-04 | $48,750 |
| 15 | Shawn M Nassaney Memorial Foundation | PO BOX 911, Millville, MA 01529-0911 | MA | 2004-11 | $40,629 |
| 16 | Shawsheen Elementary School Parents Advisory Council Inc | 298 Shawsheen Ave, Wilmington, MA 01887-1638 | MA | 1997-11 | $51,252 |
| 17 | Shawsheen School Parent Teacher Organization | 18 Magnolia Ave, Andover, MA 01810-2552 | MA | 2003-08 | $28,623 |
| 18 | Shea Community Theater Inc | 71 Avenue A, Turners Falls, MA 01376-1115 | MA | 1993-02 | $26,278 |
| 19 | Shed Inc | 65 Phillips St, Andover, MA 01810-4032 | MA | 1988-03 | $1,756,338 |
| 20 | Shedd Park Baseball Organization Inc | PO BOX 8074, Lowell, MA 01853-8074 | MA | 1998-10 | $100,646 |
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