Sprague Foundation Inc in Natick, 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
| Sprague Foundation Inc | |
| Employer Identification Number (EIN) | 042946393 |
| Name of Organization | Sprague Foundation Inc |
| In Care of Name | A S Sclufer Ttee |
| Address | 55 Bacon St, Natick, MA 01760-2901 |
| Activities | Business promotion (chamber of commerce, business league, etc.) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1989 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,203,135 |
| Amount of Income | $45,874 |
| Form 990 Revenue Amount | $48,714 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $69,767 | $69,767 | $21,019 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $364 | |||
| Dividends and interest from securities | $20,655 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $48,748 | |||
| Total expenses and disbursements | $143,627 | $14,267 | $14,267 | $143,627 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $14,267 | $14,267 | $14,267 | |
| Contributions, gifts, grants paid | $129,360 | |||
| Excess of revenue over expenses and disbursements | $-73,860 | |||
| Net investment income | $55,500 | |||
| Adjusted net income | $6,752 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,680,417 | $2,680,417 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $2,680,417 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,680,417 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $48,748 |
| 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 | $1,110 |
| Total credits and payments | $2,347 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,347 |
| 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 | $0 |
| Tax due | $0 |
| Overpayment | $1,237 |
| Amount to be credited to 2013 estimated tax | $1,237 |
| 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 | $2,611,316 |
| Net value of noncharitable-use assets | $2,572,140 |
| Minimum investment return | $128,607 |
| Distributable Amount (for 2012) | |
| Distributable amount | $127,497 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $127,497 |
| 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 | Spiral Foundation At Ota Watertown | 74 Bridge Street, Newton, MA 02458-1147 | MA | 2002-04 | $138,923 |
| 2 | Spirit Of Hope Inc | 19 Wildrose Ave, Worcester, MA 01602 | MA | 2010-04 | $25,515 |
| 3 | Spirit Of Springfield Inc | 1350 Main St Ste 1004, Springfield, MA 01103-1667 | MA | 1991-04 | $1,275,357 |
| 4 | Spirit On The River Inc | 58 Macy Street, Amesbury, MA 01913-3736 | MA | 2005-12 | $77,694 |
| 5 | Sports For Life Foundation Inc | 1385 Bernardston Rd, Greenfield, MA 01301 | MA | 1996-08 | $1,501 |
| 6 | Sports Life International Inc | PO BOX 5278, Springfield, MA 01101-5278 | MA | 2000-06 | $63,665 |
| 7 | Sports Transition Advocaly Recreational Services Inc | 253 N Broadway, Haverhill, MA 01832 | MA | 2001-01 | $29,790 |
| 8 | Sportsmens National Land Trust Massachusetts Chapter Inc | 206 Vining Hill Rd, Southwick, MA 01077-9309 | MA | 2008-05 | $2,401 |
| 9 | Sportsmens Tennis & Enrichment Center Inc | 950 Blue Hill Ave, Dorchester, MA 02124-2953 | MA | 1969-10 | $1,933,882 |
| 10 | Spotlight On Children Charitable Foundation, Ratner Steven M Ttee | 10 Roxanna Street, Framingham, MA 01702-7096 | MA | 2005-06 | $700 |
| 11 | Sprague Foundation Inc | 55 Bacon St, Natick, MA 01760-2901 | MA | 1989-10 | $45,874 |
| 12 | Sprague School Parent Teacher Organization Inc, Sprague School | 401 School St, Wellesley, MA 02482-4724 | MA | 2002-09 | $112,228 |
| 13 | Spring Meadows Association Of Responsible Tenants Inc | 28 Canon Cir, Springfield, MA 01118-2639 | MA | 1996-08 | $2,772,270 |
| 14 | Spring Street Parent Teachers Organization Inc | 123 Spring St, Shrewsbury, MA 01545-5034 | MA | 1993-11 | $48,542 |
| 15 | Spring Street Pre-School Inc | 64 Spring St, Amherst, MA 01002-2323 | MA | 1974-06 | $133,355 |
| 16 | Springfield Business Improvement District Inc | 1441 Main Street, Springfield, MA 01103-1406 | MA | 2000-08 | $904,135 |
| 17 | Springfield Council For Cultural And Community Affairs Inc | 200 Trafton Rd, Springfield, MA 01108-2640 | MA | 1979-10 | $164,443 |
| 18 | Springfield Country Club | 1375 Elm St, W Springfield, MA 01089-1849 | MA | 1935-09 | $3,915,981 |
| 19 | Springfield Day Nursery Corporation | 1095 Main St Flr 2, Springfield, MA 01103-2115 | MA | 1959-08 | $8,932,427 |
| 20 | Springfield Falcons Charitable Foundation | 45 Falcons Way, Springfield, MA 01103-1742 | MA | 1995-09 | $26,422 |
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