Stephen Phillips Memorial Charitable Trust 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
| Stephen Phillips Memorial Charitable Trust | |
| Employer Identification Number (EIN) | 237235347 |
| Name of Organization | Stephen Phillips Memorial Charitable Trust |
| In Care of Name | Lwc |
| Address | 230 Congress St, Boston, MA 02110-2409 |
| Activities | Historical site, records or reenactment |
| Subsection | Educational Organization |
| Ruling Date | 06/1973 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $7,762,029 |
| Amount of Income | $8,875,228 |
| Form 990 Revenue Amount | $2,005,498 |
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 | $1,386,883 | $1,274,430 | $0 | |
| Contributions, gifts, grants, etc., received | $7,565 | |||
| Interest on savings and temporary cash investments | $51 | |||
| Dividends and interest from securities | $872,711 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $219,198 | |||
| Other | $287,358 | |||
| Total expenses and disbursements | $4,094,662 | $398,862 | $0 | $3,650,991 |
| Compensation of officers, directors, trustees, etc. | $383,867 | |||
| Total operating and administrative expenses | $1,170,462 | $398,862 | $726,791 | |
| Contributions, gifts, grants paid | $2,924,200 | |||
| Excess of revenue over expenses and disbursements | $-2,707,779 | |||
| Net investment income | $875,568 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $7,762,029 | $6,956,969 |
| 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 | $7,762,029 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $7,762,029 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $287,358 |
| 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 | $8,756 |
| Total credits and payments | $25,112 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $25,112 |
| 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 | $16,356 |
| Amount to be credited to 2013 estimated tax | $16,356 |
| 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? | 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 | $61,999,832 |
| Net value of noncharitable-use assets | $61,069,840 |
| Minimum investment return | $3,053,492 |
| Distributable Amount (for 2012) | |
| Distributable amount | $3,046,896 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $3,046,896 |
| 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 | State Legislative Leaders | 1645 Falmouth Rd Bldg D, Centerville, MA 02632-2932 | MA | 1972-03 | $4,058,330 |
| 2 | Station For Natural Studies Inc, Chao Ting Wu | 218 Kent St, Brookline, MA 02446-5404 | MA | 1994-11 | $1 |
| 3 | Stearns Organic Farm-Csa Inc | 862 Edmands Rd, Framingham, MA 01701-3086 | MA | 1997-04 | $139,875 |
| 4 | Steel Erection And Ornamental Iron Industry Advancement Fund | 100 Grossman Dr Ste 300, Braintree, MA 02184-4957 | MA | 1985-10 | $94,702 |
| 5 | Steiger International Ltd | PO BOX 480, Huntington, MA 01050-0480 | MA | 1987-08 | $782,100 |
| 6 | Stein Family Foundation Inc | 57 Moonpenny Ln, East Falmouth, MA 02536-7034 | MA | 1998-08 | $480,257 |
| 7 | Stella P Holt Foundation | 88 Broad St, Boston, MA 02110-3407 | MA | 2008-02 | $17,258 |
| 8 | Stephen & Elizabeth Sabounjian Foundation | 120 Nichols St, Wilmington, MA 01887-1628 | MA | 2001-10 | $12,272 |
| 9 | Stephen And Alice Cutler Family Foundation, Cutler Stephen D Ttee | 125 High St Fl 29, Boston, MA 02110-2715 | MA | 2007-08 | $494,659 |
| 10 | Stephen M Ogrady Foundation Inc | 27 Williams St, Salem, MA 01970-3821 | MA | 2001-11 | $27,545 |
| 11 | Stephen Phillips Memorial Charitable Trust | 230 Congress St, Boston, MA 02110-2409 | MA | 1973-06 | $8,875,228 |
| 12 | Steven M Kerr Memorial Scholarship Fund | 17 Conant Street, Beverly, MA 01915-1733 | MA | 1991-01 | $2,515 |
| 13 | Stevenson Fam Charitable Tr Stevenson Howard Ttee | 31 Fayerweather St, Cambridge, MA 02138-3329 | MA | 1990-03 | $697,621 |
| 14 | Stifler Family Foundation, Stifler Lawrence T P Ttee | 100 Codman Rd, Brookline, MA 02445-7555 | MA | 2004-02 | $32,304,040 |
| 15 | Stobart Foundation | 10 Colonial Road, Salem, MA 01970-2943 | MA | 1989-09 | $79,792 |
| 16 | Stockbridge Fire Department Inc | PO BOX 1417, Stockbridge, MA 01262-1417 | MA | 2000-05 | $46,783 |
| 17 | Stockbridge Land Trust Inc | PO BOX 1063, Stockbridge, MA 01262-1063 | MA | 1989-06 | $17,021 |
| 18 | Stone Institute And Newton Home For Aged People | 277 Elliot St, Newton, MA 02464-1201 | MA | 1968-10 | $8,616,097 |
| 19 | Stoneham Community Access Inc | 53 Central St, Stoneham, MA 02180-2061 | MA | 2005-01 | $465,230 |
| 20 | Stonehouse Inc | 223 W Spring St, Vineyard Hvn, MA 02568-6316 | MA | 1992-01 | $3,798 |
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