Technical Training Foundation in North Andover, 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
| Technical Training Foundation | |
| Employer Identification Number (EIN) | 042864138 |
| Name of Organization | Technical Training Foundation |
| Address | 1429 Osgood St, North Andover, MA 01845-1012 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1989 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 08/2013 |
| Assets | $50,000,000 to greater |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $56,441,789 |
| Amount of Income | $5,901,858 |
| Form 990 Revenue Amount | $1,354,436 |
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 | $2,537,580 | $2,537,580 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $87,322 | |||
| Dividends and interest from securities | $1,280,325 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $8,063 | |||
| Other | $1,161,870 | |||
| Total expenses and disbursements | $2,630,643 | $558,167 | $0 | $2,072,476 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,115,677 | $558,167 | $557,510 | |
| Contributions, gifts, grants paid | $1,514,966 | |||
| Excess of revenue over expenses and disbursements | $-93,063 | |||
| Net investment income | $1,979,413 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $57,106,768 | $63,946,000 |
| Cash - non-interest-bearing | $57,515 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $51,650,455 | |
| Investments-corporate bonds | $2,128,296 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,198,500 | |
| Other | $2,072,002 | |
| Total liabilities | $24,607 | |
| Mortgages and other notes payable | $0 | |
| Other | $24,607 | |
| Total liabilities and net assets/fund balances | $57,082,161 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,161,870 |
| 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 | $39,588 |
| Total credits and payments | $40,514 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $16,160 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $24,354 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $545 |
| Tax due | $0 |
| Overpayment | $381 |
| Amount to be credited to 2013 estimated tax | $381 |
| 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 | $63,773,855 |
| Net value of noncharitable-use assets | $62,817,240 |
| Minimum investment return | $3,140,862 |
| Distributable Amount (for 2012) | |
| Distributable amount | $3,101,274 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $3,101,274 |
| 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 | Team Coordinating Agency Holdings Inc | PO BOX 844, Haverhill, MA 01831-1044 | MA | 1994-03 | $212,077 |
| 2 | Team Excel Inc | 121 Donald Lynch Blvd, Marlborough, MA 01752-4723 | MA | 2010-02 | $536,470 |
| 3 | Team Heart Incorporated | Po Box 70, Newton, MA 02468 | MA | 2010-03 | $487,206 |
| 4 | Team Massachusetts Basketball Inc | 17 New Braintree Rd, W Brookfield, MA 01585-3210 | MA | 2005-04 | $53,726 |
| 5 | Team Psycho Ltd | 60 State St Ste 8, Boston, MA 02109-1892 | MA | 2003-03 | $59,470 |
| 6 | Teamsters Local Union 122 Health And Welfare Fund | 348 D St, Boston, MA 02127-1225 | MA | 1972-03 | $0 |
| 7 | Tear Film And Ocular Surface Society Inc | 120 Fulton St Apt 2c, Boston, MA 02109-1447 | MA | 2003-04 | $833,557 |
| 8 | Tech Mission Inc | 48 Pleasant St, Dorchester, MA 02125-1812 | MA | 2002-07 | $816,679 |
| 9 | Technical Assistance Collaborative Inc | 31 Saint James Ave Ste 950, Boston, MA 02116-4109 | MA | 1992-10 | $6,690,149 |
| 10 | Technical Education Research Centers Inc | 2067 Massachusetts Ave, Cambridge, MA 02140-1340 | MA | 1967-06 | $17,710,246 |
| 11 | Technical Training Foundation | 1429 Osgood St, North Andover, MA 01845-1012 | MA | 1989-06 | $5,901,858 |
| 12 | Technology Broadcasting Corporation | 3 Ames St, Cambridge, MA 02142-1305 | MA | 1976-12 | $114,000 |
| 13 | Kelly Family Foundation Inc | 10 Kearney Rd Ste 305, Needham, MA 02494-2544 | MA | 2011-02 | $4,610,516 |
| 14 | Teddy Perkins Family Charity Foundation, Laurence L Perkins Ttee | 29 Southfield Ct, Needham, MA 02492-2782 | MA | 2009-05 | $1,026,046 |
| 15 | Teen Parent Program Inc | PO BOX 1036, Pittsfield, MA 01202-1036 | MA | 1997-04 | $262,759 |
| 16 | Telemachus And Irene Demoulas Family Foundation | 286 Chelmsford St, Chelmsford, MA 01824-2403 | MA | 2002-01 | $631,938 |
| 17 | Tell Foundation Trust, Tucker Elton M & Lu Linda Ttees | 30 Ward Rd, Sudbury, MA 01776-1668 | MA | 1990-04 | $4,518 |
| 18 | Temenos Inc | 65 Mount Mineral Rd, Shutesbury, MA 01072-9768 | MA | 1980-09 | $66,185 |
| 19 | Ten Cross Street Corporation | 1301 Centre St, Newton Centre, MA 02459-2448 | MA | 2002-08 | $68,246 |
| 20 | Tenacity Inc | 38 Everett St, Boston, MA 02134-1963 | MA | 1999-05 | $5,643,895 |
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