Turning Leaf Foundation Inc in Natick, 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
Turning Leaf Foundation Inc | |
Employer Identification Number (EIN) | 043397818 |
Name of Organization | Turning Leaf Foundation Inc |
In Care of Name | Kahn Litwin Renza & Co Ltd |
Address | 190 North Main Street, Natick, MA 01760-2057 |
Activities | Scholarships (other) |
Subsection | Charitable Organization |
Ruling Date | 01/1998 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2014 |
Assets | $1,000,000 to $4,999,999 |
Income | $1,000,000 to $4,999,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $1,356,787 |
Amount of Income | $2,316,600 |
Form 990 Revenue Amount | $173,400 |
National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2014: $2,316,600 (it was $608,613 in 2012)
This organization: | $2,316,600 |
Other organizations performing similar types of work: | $72,336 |
Assets in 2014: $1,356,787 (it was $744,788 in 2012)
Turning Leaf Foundation Inc: | $1,356,787 |
Other organizations performing similar types of work: | $239,394 |
Expenses in 2012: $132,473
Turning Leaf Foundation Inc: | $132,473 |
Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2012: 17.5
This organization: | 17.5 |
Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2012: 0.0%
Turning Leaf Foundation Inc: | 0.0% |
Other organizations performing similar types of work: | 0.1% |
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 | $33,752 | $33,725 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $31,734 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $2,018 | |||
Total expenses and disbursements | $132,473 | $764 | $0 | $131,024 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $1,449 | $764 | $0 | |
Contributions, gifts, grants paid | $131,024 | |||
Excess of revenue over expenses and disbursements | $-98,721 | |||
Net investment income | $32,961 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $744,788 | $790,545 |
Cash - non-interest-bearing | $150,204 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $587,084 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $7,500 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $744,788 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $2,018 |
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 | $330 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $330 |
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 | $783,630 |
Net value of noncharitable-use assets | $771,880 |
Minimum investment return | $38,594 |
Distributable Amount (for 2012) | |
Distributable amount | $38,264 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $38,264 |
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 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
2 | Supreme Council Education And Charity Fund | 33 Marrett Rd, Lexington, MA 02421-5703 | MA | 1955-12 | $10,306,163 |
3 | The Cape Cod Community College Educational Foundation Inc | 2240 Iyannough Rd, W Barnstable, MA 02668-1532 | MA | 1983-11 | $4,518,800 |
4 | Trustees Of Fall River High School Alumni Scholarships | PO BOX 2519, Fall River, MA 02722-2519 | MA | 1934-10 | $3,412,983 |
5 | The Scholarship Association Of Falmouth Inc | PO BOX 369, Falmouth, MA 02541-0369 | MA | 1982-02 | $2,755,445 |
6 | Turning Leaf Foundation Inc | 190 North Main Street, Natick, MA 01760-2057 | MA | 1998-01 | $2,316,600 |
7 | Winchester Scholarship Foundation | PO BOX 174, Winchester, MA 01890-0274 | MA | 1947-08 | $577,989 |
8 | Someone Elses Child | C/O Diane E Christian 33 Atlantic, Marblehead, MA 01945 | MA | 1998-09 | $500,048 |
9 | Wise Fund For The Fine Arts | PO BOX 5000, Amherst, MA 01002-5000 | MA | 1993-08 | $166,649 |
10 | Yale Scholarship Trust Of Boston | 15 Driftwood Rd, Marblehead, MA 01945-1250 | MA | 1951-11 | $126,593 |
11 | Scholarship Fund Of Worcester District Medical Society | 321 Main St, Worcester, MA 01608-1532 | MA | 1997-08 | $109,081 |
12 | Tom Giddings Memorial Scholarship Fund Inc | C/O Marcia Ogara 21 Nottingham Dr, Pittsfield, MA 01201 | MA | 1992-10 | $93,405 |
13 | Rotary District 7910 Charity Fund Inc | 313 Willard St, Dracut, MA 01826-5039 | MA | 1992-07 | $72,235 |
14 | Larry Fournier Memorial Scholarship Fund | PO BOX 292, Merrimac, MA 01860-0292 | MA | 1998-01 | $67,275 |
15 | Weymouth Educational Foundation Inc | C/O Wf Garvey 33 Union Street No 13, Weymouth, MA 02190 | MA | 1998-04 | $53,291 |
16 | Sippican Womans Club | PO BOX 121, Marion, MA 02738-0003 | MA | 1997-09 | $51,810 |
17 | Wellesley Hills Womans Club Scholarship Trust | PO BOX 81040, Wellesley Hls, MA 02481-0013 | MA | 1958-10 | $50,710 |
18 | National Association Of Italian American Police Officers Inc | 35 Center St, Burlington, MA 01803-3054 | MA | 1992-01 | $42,739 |
19 | T Dustin Alward Memorial Fund | PO BOX 278, Randolph, MA 02368-0278 | MA | 1990-05 | $26,045 |
20 | Saul B And Naomi R Cohen Foundation Inc | 87 Hammond St, Chestnut Hill, MA 02467-1132 | MA | 1998-06 | $2,500 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,412 |
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