The Michael And Helen Valerio Charitable Foundation, Valerio Michael A Ttee in Danvers, 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
- Organizations performing similar types of work
| The Michael And Helen Valerio Charitable Foundation, Valerio Michael A Ttee | |
| Employer Identification Number (EIN) | 046903625 |
| Name of Organization | The Michael And Helen Valerio Charitable Foundation |
| Secondary Name | Valerio Michael A Ttee |
| In Care of Name | Chiuve & Company |
| Address | 100 Conifer Hill Drive, Danvers, MA 01923-1180 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,526,898 |
| Amount of Income | $588,965 |
| Form 990 Revenue Amount | $286,389 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2014: $588,965 (it was $12,707 in 2012)
| This organization: | $588,965 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2014: $1,526,898 (it was $1,660,671 in 2012)
| The Michael And Helen Valerio Charitable Foundation, Valerio Michael A Ttee: | $1,526,898 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2012: $202,137
| This organization: | $202,137 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2012: 2.9
| The Michael And Helen Valerio Charitable Foundation, Valerio Michael A Ttee: | 2.9 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: -0.0%
| The Michael And Helen Valerio Charitable Foundation, Valerio Michael A Ttee: | -0.0% |
| Other organizations performing similar types of work: | 98.7% |
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 | $-78,060 | $12,707 | $12,707 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $12,707 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $202,137 | $35,775 | $0 | $166,362 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $35,775 | $35,775 | $0 | |
| Contributions, gifts, grants paid | $166,362 | |||
| Excess of revenue over expenses and disbursements | $-280,197 | |||
| Net investment income | $0 | |||
| Adjusted net income | $12,707 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,660,671 | $1,683,291 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,054,179 | |
| Investments-corporate bonds | $153,572 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $452,920 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,660,671 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-90,767 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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 | $1,825,383 |
| Net value of noncharitable-use assets | $1,798,000 |
| Minimum investment return | $89,900 |
| Distributable Amount (for 2012) | |
| Distributable amount | $89,900 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $89,900 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Rx Foundation | PO BOX 23, Hadley, MA 01035-0023 | MA | 2002-07 | $15,046,532 |
| 2 | Louise Sven And Anna Betty Carlson Foundation, Janet M Smith Ttee | C/O Rsb 160 Federal Street 15th, Boston, MA 02110 | MA | 2011-08 | $4,503,389 |
| 3 | Taniguchi Deane Family Foundation, Deane Gordon L Ttee | 13 Elm St, Cohasset, MA 02025-1828 | MA | 2005-05 | $2,460,042 |
| 4 | Blue Hills Bank Charitable Foundation Inc | 1196 River St, Hyde Park, MA 02136-2906 | MA | 2011-01 | $1,157,296 |
| 5 | The Michael And Helen Valerio Charitable Foundation, Valerio Michael A Ttee | 100 Conifer Hill Drive, Danvers, MA 01923-1180 | MA | 2000-09 | $588,965 |
| 6 | Michael T Sherman Foundation | PO BOX 961209, Boston, MA 02196-1209 | MA | 2011-02 | $403,572 |
| 7 | Sunstar Foundation | 419 Brookline Ave, Boston, MA 02215-5410 | MA | 2012-05 | $300,000 |
| 8 | Hastings Family Foundation Inc | 3 Buckingham Ter, Wellesley, MA 02482-7339 | MA | 2012-01 | $253,228 |
| 9 | Chicopee Savings Bank Charitable Foundation | 70 Center St, Chicopee, MA 01013-1666 | MA | 2007-12 | $233,200 |
| 10 | Search Foundation | 45aa Tosca Dr, Stoughton, MA 02072-1501 | MA | 1998-10 | $193,087 |
| 11 | Sarathy Foundation Tr Ud 09182001, Bose Vanu & Maya & Etal Ttees | PO BOX 616, Carlisle, MA 01741-0616 | MA | 2002-01 | $172,534 |
| 12 | We Share A Common Thread Foundation Inc | 1 Tremont Pl, Lowell, MA 01854-3658 | MA | 2012-05 | $166,942 |
| 13 | The Safe Family Foundation | 45 School St Fl 5, Boston, MA 02108-3207 | MA | 2002-01 | $149,568 |
| 14 | Schley Family Foundation, Bakinowski Daniel Ttee | Atlantic Trust Co 100 Federal St, Boston, MA 02110 | MA | 2001-01 | $115,770 |
| 15 | Staples Share Fund Inc | 500 Staples Dr, Framingham, MA 01702-4478 | MA | 2014-07 | $90,813 |
| 16 | The Mundt Family Foundation, Kevin A Mundt | 145 Weston Rd, Lincoln, MA 01773-4506 | MA | 2008-04 | $81,932 |
| 17 | Worthwhile Life Incorporated | 65a Industrial Park Rd, Hingham, MA 02043-4306 | MA | 2011-06 | $78,738 |
| 18 | Trinity Financial Charitable Fund Inc | 40 Court St St 8th Fl, Boston, MA 02110 | MA | 2008-08 | $75,000 |
| 19 | Consigli Construction Foundation Inc | 72 Sumner St, Milford, MA 01757-1663 | MA | 2010-05 | $68,380 |
| 20 | Walcott Charitable Tr, Woodburn R Robert Jr Ttee | PO BOX 55806, Boston, MA 02205-5806 | MA | 1999-07 | $63,813 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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