Storer Trust Century Bank & Trust Co in Medford, 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
| Storer Trust Century Bank & Trust Co | |
| Employer Identification Number (EIN) | 046034836 |
| Name of Organization | Storer Trust Century Bank & Trust Co |
| In Care of Name | Kenneth Samuelian |
| Address | 400 Mystic Ave, Medford, MA 02155-6316 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1963 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $668,067 |
| Amount of Income | $257,752 |
| Form 990 Revenue Amount | $-1,992 |
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 | $8,080 | $19,777 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $5,831 | |||
| Dividends and interest from securities | $13,946 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $44,524 | $5,135 | $0 | $39,100 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $10,524 | $5,135 | $5,100 | |
| Contributions, gifts, grants paid | $34,000 | |||
| Excess of revenue over expenses and disbursements | $-36,444 | |||
| Net investment income | $14,642 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $675,342 | $792,013 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $451,263 | |
| Investments-corporate bonds | $214,061 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $10,018 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $675,342 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-11,697 |
| 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 | $293 |
| Total credits and payments | $420 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $320 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $100 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $127 |
| Amount to be credited to 2013 estimated tax | $127 |
| 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? | Yes |
| 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 | $797,525 |
| Net value of noncharitable-use assets | $785,560 |
| Minimum investment return | $39,278 |
| Distributable Amount (for 2012) | |
| Distributable amount | $38,985 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $38,985 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $33,433 |
| 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 | Stifler Family Foundation, Stifler Lawrence T P Ttee | 100 Codman Rd, Brookline, MA 02445-7555 | MA | 2004-02 | $32,304,040 |
| 2 | Stobart Foundation | 10 Colonial Road, Salem, MA 01970-2943 | MA | 1989-09 | $79,792 |
| 3 | Stockbridge Fire Department Inc | PO BOX 1417, Stockbridge, MA 01262-1417 | MA | 2000-05 | $46,783 |
| 4 | Stockbridge Land Trust Inc | PO BOX 1063, Stockbridge, MA 01262-1063 | MA | 1989-06 | $17,021 |
| 5 | Stone Institute And Newton Home For Aged People | 277 Elliot St, Newton, MA 02464-1201 | MA | 1968-10 | $8,616,097 |
| 6 | Stoneham Community Access Inc | 53 Central St, Stoneham, MA 02180-2061 | MA | 2005-01 | $465,230 |
| 7 | Stonehouse Inc | 223 W Spring St, Vineyard Hvn, MA 02568-6316 | MA | 1992-01 | $3,798 |
| 8 | Stoneybrook Foundation | 9 Aspen Rd, Weston, MA 02493-1301 | MA | 2004-05 | $1 |
| 9 | Stop & Shop Family Foundation Inc | 1385 Hancock St, Quincy, MA 02169-5103 | MA | 2001-12 | $2,670,844 |
| 10 | Stop Leukemia Inc | 34 Emerson Street Apt 3, South Boston, MA 02127-1407 | MA | 2009-05 | $8,977 |
| 11 | Storer Trust Century Bank & Trust Co | 400 Mystic Ave, Medford, MA 02155-6316 | MA | 1963-06 | $257,752 |
| 12 | Stoughton Youth Parents Athletic Club Stoypac | 2 Canton St Ste B - 235, Stoughton, MA 02072-2867 | MA | 2009-07 | $67,005 |
| 13 | Stow Community Housing Corporation | 22 Johnston Way, Stow, MA 01775-2102 | MA | 1990-11 | $1,009,006 |
| 14 | Stow Elderly Housing Corp | 22 Johnston Way, Stow, MA 01775-2102 | MA | 1981-07 | $33,000 |
| 15 | Straight To The Heart Ministries Inc | 21 Bayberry Ln, Plymouth, MA 02360-5028 | MA | 2005-11 | $789 |
| 16 | Strawberry Lane Foundation Inc | 8 Strawberry Ln, Yarmouth Port, MA 02675-1725 | MA | 2004-05 | $341,819 |
| 17 | Stray Pets In Need Of Massachusetts Inc | 5 Overbrook Ter, Natick, MA 01760-1419 | MA | 1991-05 | $148,592 |
| 18 | Strongs Wings Inc | PO BOX 2884, Nantucket, MA 02584 | MA | 1993-03 | $805,052 |
| 19 | Student Athletes Rising Inc | 8 Culbert Street, Mattapan, MA 02126 | MA | 2015-03 | $102,357 |
| 20 | Student Education Development Fund Inc | 18 Park St, Lee, MA 01238-1702 | MA | 2008-01 | $2,223 |
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