Sheehan Family Foundation 041593 Tr, Sheehan Elizabeth Tim & Matthew Tte in Kingston, 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
| Sheehan Family Foundation 041593 Tr, Sheehan Elizabeth Tim & Matthew Tte | |
| Employer Identification Number (EIN) | 043197325 |
| Name of Organization | Sheehan Family Foundation 041593 Tr |
| Secondary Name | Sheehan Elizabeth Tim & Matthew Tte |
| In Care of Name | James S Davis Bingham Dana Gould |
| Address | PO BOX K, Kingston, MA 02364-0510 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,051,454 |
| Amount of Income | $339,904 |
| Form 990 Revenue Amount | $354,022 |
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 | $626,168 | $338,348 | $0 | |
| Contributions, gifts, grants, etc., received | $287,820 | |||
| Interest on savings and temporary cash investments | $21 | |||
| Dividends and interest from securities | $33,546 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $304,781 | |||
| Total expenses and disbursements | $946,040 | $46,330 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $65,259 | |||
| Total operating and administrative expenses | $81,040 | $46,330 | $0 | |
| Contributions, gifts, grants paid | $865,000 | |||
| Excess of revenue over expenses and disbursements | $-319,872 | |||
| Net investment income | $292,018 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,316,456 | $3,080,216 |
| Cash - non-interest-bearing | $281,085 | |
| Investments-U.S. and state government obligations | $3,035,371 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $300,148 | |
| Mortgages and other notes payable | $0 | |
| Other | $300,148 | |
| Total liabilities and net assets/fund balances | $3,016,308 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $304,781 |
| 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 | $2,920 |
| Total credits and payments | $7,300 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,122 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $2,178 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $4,380 |
| Amount to be credited to 2013 estimated tax | $4,380 |
| 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? | 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 | $3,039,941 |
| Net value of noncharitable-use assets | $2,994,340 |
| Minimum investment return | $149,717 |
| Distributable Amount (for 2012) | |
| Distributable amount | $146,797 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $146,797 |
| 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 | $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 | Shalom Family Charitable Foundation, Neal Shalom Ttee | 145 Rosemary St No E, Needham, MA 02494-3238 | MA | 2009-02 | $80,780 |
| 2 | Shang Shung Institute Of America Inc | 18 Schoolhouse Road, Conway, MA 01341 | MA | 1997-11 | $248,960 |
| 3 | Shantigar Foundation Inc | 63 Davenport Rd, Rowe, MA 01367-9711 | MA | 1992-06 | $87,515 |
| 4 | Sharing Inc | PO BOX 850153, Braintree, MA 02185-0153 | MA | 1976-06 | $123,420 |
| 5 | Sharon Country Club | 149 East St, Sharon, MA 02067-2228 | MA | 1982-08 | $964,284 |
| 6 | Sharon Friends Of Conservation Inc | 45 Furnace St, Sharon, MA 02067-2807 | MA | 1991-04 | $1,622 |
| 7 | Sharon High School Ptso Foundation Inc | 180 Pond Street, Sharon, MA 02067 | MA | 1992-11 | $41,805 |
| 8 | Sharon Soccer Association Inc | PO BOX 393, Sharon, MA 02067-0393 | MA | 1993-12 | $130,011 |
| 9 | Shattuck Partners Inc | 170 Morton St, Jamaica Plain, MA 02130-3735 | MA | 1989-05 | $58,454 |
| 10 | Shaun@creighton Memorial Foundation Inc | 31 Samoset Street Route 44, Plymouth, MA 02360 | MA | 2004-12 | $96 |
| 11 | Sheehan Family Foundation 041593 Tr, Sheehan Elizabeth Tim & Matthew Tte | PO BOX K, Kingston, MA 02364-0510 | MA | 1993-08 | $339,904 |
| 12 | Sheffield Land Trust Inc | PO BOX 940, Sheffield, MA 01257-0940 | MA | 1994-04 | $2,154,178 |
| 13 | Shelburne Buckland Community Center Inc | PO BOX 2, Shelburne Fls, MA 01370-0002 | MA | 1977-05 | $62,200 |
| 14 | Shelburne Historical Society Inc | PO BOX 86, Shelburne Fls, MA 01370-0086 | MA | 1973-03 | $36,471 |
| 15 | Sherborn Fire And Rescue Association Inc | PO BOX 277, Sherborn, MA 01770-0277 | MA | 2014-09 | $21,102 |
| 16 | Sherman H Starr Foundation | 1280 Soldiers Field Rd, Boston, MA 02135-1003 | MA | 1960-08 | $730,920 |
| 17 | Shields Cares Inc | 700 Congress Street, Quincy, MA 02169-0909 | MA | 2009-03 | $17,792 |
| 18 | Shirley Charitable Foundation Inc | PO BOX 1277, Shirley, MA 01464-1277 | MA | 1998-07 | $86,045 |
| 19 | Shirley Shattuck Windsor Charitable Tr Ua 121697 15012344, Ballou Frederick D Et Al Ttee | Lwc 230 Congress Street 12fl, Boston, MA 02110 | MA | 1998-05 | $701,829 |
| 20 | Shlopak Foundation | 6 Camborne Way, Rockport, MA 01966-2303 | MA | 1994-01 | $6,066 |
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