The William N And Bernice E Bumpus Foundation 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
| The William N And Bernice E Bumpus Foundation | |
| Employer Identification Number (EIN) | 043410822 |
| Name of Organization | The William N And Bernice E Bumpus Foundation |
| In Care of Name | Choate Llp |
| Address | PO BOX 961019, Boston, MA 02196-1019 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 01/2014 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $10,265,355 |
| Amount of Income | $11,451,464 |
| Form 990 Revenue Amount | $390,960 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
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 | $390,960 | $391,334 | $28,171 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $209,414 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $9,618 | |||
| Other | $171,928 | |||
| Total expenses and disbursements | $553,881 | $114,637 | $0 | $430,035 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $253,881 | $114,637 | $130,035 | |
| Contributions, gifts, grants paid | $300,000 | |||
| Excess of revenue over expenses and disbursements | $-162,921 | |||
| Net investment income | $276,697 | |||
| Adjusted net income | $28,171 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $9,005,235 | $10,353,350 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $896,966 | |
| Investments-corporate stock | $5,355,044 | |
| Investments-corporate bonds | $1,342,469 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $884,202 | |
| Other | $526,554 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $9,005,235 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $171,928 |
| 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 | $5,534 |
| Total credits and payments | $8,826 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $6,826 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $2,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $3,292 |
| Amount to be credited to 2013 estimated tax | $3,292 |
| 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 | $10,477,132 |
| Net value of noncharitable-use assets | $10,319,980 |
| Minimum investment return | $515,999 |
| Distributable Amount (for 2012) | |
| Distributable amount | $538,636 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $538,636 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $459,866 |
| 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 | The Velmans Foundation Inc C/O Franklin Weinrib Rudell & Vassallo | PO BOX 178, Sheffield, MA 01257-0178 | MA | 1986-07 | $147,546 |
| 2 | The Village Improvement Society Of Dennis | PO BOX 779, Dennis, MA 02638-0779 | MA | 1988-01 | $48,081 |
| 3 | The Voice Of The Armenian Church Inc | PO BOX 321, Sutton, MA 01590-0321 | MA | 1984-10 | $46,489 |
| 4 | The W & R Bernheimer Family Foundation, Bernheimer Walter S Ii Ttee | 10 Laurel Ave, Wellesley, MA 02481-7523 | MA | 2000-03 | $172,678 |
| 5 | The Wapack Foundation C/O Nichols And Pratt | 50 Congress St, Boston, MA 02109-4002 | MA | 1993-04 | $161,575 |
| 6 | The Wellesley Hills Junior Womans Club Inc | PO BOX 81278, Wellesley, MA 02481-0002 | MA | 2010-07 | $360,511 |
| 7 | The Westfield Kiwanis Foundation Inc | Po Box 858, Westfield, MA 01086-0858 | MA | 2009-03 | $56,715 |
| 8 | The Westwood Public Library 21st Century Fund Inc | 660 High St, Westwood, MA 02090-1630 | MA | 2007-06 | $41,229 |
| 9 | The Whale Center Of New England Inc | PO BOX 159, Gloucester, MA 01931-0159 | MA | 1980-06 | $237,603 |
| 10 | The White Eagle Society Of Greenfield Incorporated | PO BOX 1252, Greenfield, MA 01302-1252 | MA | 2006-03 | $15,973 |
| 11 | The William N And Bernice E Bumpus Foundation | PO BOX 961019, Boston, MA 02196-1019 | MA | 1998-04 | $11,451,464 |
| 12 | The William V And Betty M Ellis Family, Ellis William V & Betty M Ttees | 54 Mussell Point Rd, Gloucester, MA 01930-4074 | MA | 2002-11 | $475,040 |
| 13 | The Willowbank Foundation | 123 Pleasant St Ste 202, Marblehead, MA 01945-2381 | MA | 1997-04 | $1,036,508 |
| 14 | The Winston Foundation | 230 Congress St, Boston, MA 02110-2409 | MA | 2007-08 | $155,382 |
| 15 | The Woodward School For Girls Foundation Inc | 111 Milton St, Milton, MA 02186-2322 | MA | 1985-10 | $153 |
| 16 | The Woodward School For Girls Inc, Woodward School | 1101 Hancock Street, Quincy, MA 02169 | MA | 1990-06 | $1,870,937 |
| 17 | The Yesley Charitable Trust | 1 Chatham Rd, Newton Hlds, MA 02461-1009 | MA | 1968-08 | $4,602 |
| 18 | The Zell Family Foundation Inc | 230 Congress Street, Boston, MA 02110-2409 | MA | 1983-05 | $328,262 |
| 19 | The@alfred & Jeanne A M Contarino Charitable Foundation, Contarino Alfred F Ttee | 98 Valley Rd, Boxford, MA 01921-1331 | MA | 1998-05 | $131,534 |
| 20 | The@belmont Golf Scholarship Fund Inc | 151 Tremont Street, Boston, MA 02111-1125 | MA | 2005-01 | $89,238 |
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