Spero Charitable Foundation in Peabody, 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
| Spero Charitable Foundation | |
| Employer Identification Number (EIN) | 046183682 |
| Name of Organization | Spero Charitable Foundation |
| In Care of Name | Shirley Spero |
| Address | 303 Brooksby Village Ste 301, Peabody, MA 01960-8573 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1968 |
| 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 | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,698,701 |
| Amount of Income | $1,014,451 |
| Form 990 Revenue Amount | $-24,324 |
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 | $300,712 | $300,712 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $6 | |||
| Dividends and interest from securities | $84,599 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $63,260 | |||
| Other | $152,847 | |||
| Total expenses and disbursements | $346,661 | $0 | $0 | $342,139 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,522 | $0 | $0 | |
| Contributions, gifts, grants paid | $342,139 | |||
| Excess of revenue over expenses and disbursements | $-45,949 | |||
| Net investment income | $300,712 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,081,225 | $3,242,556 |
| Cash - non-interest-bearing | $1 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,039,200 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $42,024 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,081,225 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $152,847 |
| 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 | $3,007 |
| Total credits and payments | $3,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,000 |
| 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 | $5 |
| Tax due | $12 |
| 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 | $3,278,437 |
| Net value of noncharitable-use assets | $3,229,260 |
| Minimum investment return | $161,463 |
| Distributable Amount (for 2012) | |
| Distributable amount | $158,456 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $158,456 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Green Life Online Inc | 294 Washington Street Suite 500, Boston, MA 02108 | MA | 1995-10 | $12,966 |
| 2 | The David And Mary Barros Foundation Inc | 784 First Parish Rd, Scituate, MA 02066-3117 | MA | 2001-10 | $107,489 |
| 3 | The Region 6 Assembly Of Overeaters Anonymous | PO BOX 448, Arlington, MA 02476-0052 | MA | 1992-06 | $49,293 |
| 4 | Stairway Manufacturers Assoc Inc | 657 Quarry St, Fall River, MA 02723-1020 | MA | 1994-01 | $190,340 |
| 5 | Spencer Agric Assoc Inc, Spencer Fair | PO BOX 46, Spencer, MA 01562-0046 | MA | 1991-08 | $320,504 |
| 6 | Spencer Cable Access Corporation | 310 Main St, Spencer, MA 01562-1841 | MA | 2010-08 | $193,894 |
| 7 | Spencer Rescue & Emergency Squad Inc 44 Maple St | 6 Bixby Rd, Spencer, MA 01562-2402 | MA | 1977-01 | $1,005,786 |
| 8 | Spencer Soccer Association Inc | 486 Howe St, E Brookfield, MA 01515-1912 | MA | 1985-03 | $85,899 |
| 9 | Sperling Fam Charitable Foundation, Sperling Scott M Ttee | 4 Moore Rd, Wayland, MA 01778-1410 | MA | 2001-12 | $4,264,433 |
| 10 | Spero | 111 Inman Street Unit A, Cambridge, MA 02139-1207 | MA | 2006-05 | $63,132 |
| 11 | Spero Charitable Foundation | 303 Brooksby Village Ste 301, Peabody, MA 01960-8573 | MA | 1968-04 | $1,014,451 |
| 12 | Spillane Charitable Foundation Tr, Vogt James C Ttee | 23 Institute Rd, Worcester, MA 01609-2713 | MA | 1997-03 | $14,540 |
| 13 | Spillane Charitable Tr, Quirk Daniel J Ttee | PO BOX 850972, Braintree, MA 02185-0972 | MA | 2003-07 | $1 |
| 14 | Spin Usa Inc | 394 Lowell St Ste 5, Lexington, MA 02420-2575 | MA | 2000-09 | $199,579 |
| 15 | Spindle City Ballet Inc | 288 Plymouth Ave, Fall River, MA 02721-4226 | MA | 1996-10 | $44,893 |
| 16 | Spiral Foundation At Ota Watertown | 74 Bridge Street, Newton, MA 02458-1147 | MA | 2002-04 | $138,923 |
| 17 | Spirit Of Hope Inc | 19 Wildrose Ave, Worcester, MA 01602 | MA | 2010-04 | $25,515 |
| 18 | Spirit Of Springfield Inc | 1350 Main St Ste 1004, Springfield, MA 01103-1667 | MA | 1991-04 | $1,275,357 |
| 19 | Spirit On The River Inc | 58 Macy Street, Amesbury, MA 01913-3736 | MA | 2005-12 | $77,694 |
| 20 | Sports For Life Foundation Inc | 1385 Bernardston Rd, Greenfield, MA 01301 | MA | 1996-08 | $1,501 |
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