Walske Charitable Foundation, Walske Steven C & Jennifer M Ttee 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
| Walske Charitable Foundation, Walske Steven C & Jennifer M Ttee | |
| Employer Identification Number (EIN) | 046818329 |
| Name of Organization | Walske Charitable Foundation |
| Secondary Name | Walske Steven C & Jennifer M Ttee |
| In Care of Name | Loring Wolcott & Coolidge Office |
| Address | Lwc 230 Congress Street 12fl, Boston, MA 02110 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,146,326 |
| Amount of Income | $4,321,541 |
| Form 990 Revenue Amount | $207,750 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Culture, and Humanities (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 | $233,944 | $236,892 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $6 | |||
| Dividends and interest from securities | $189,883 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-964 | |||
| Other | $45,019 | |||
| Total expenses and disbursements | $274,573 | $51,083 | $0 | $219,820 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $57,073 | $51,083 | $2,320 | |
| Contributions, gifts, grants paid | $217,500 | |||
| Excess of revenue over expenses and disbursements | $-40,629 | |||
| Net investment income | $185,809 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,244,754 | $5,699,145 |
| Cash - non-interest-bearing | $233 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,888,842 | |
| Investments-corporate bonds | $301,773 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,868,906 | |
| Other | $185,000 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $5,244,754 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $45,019 |
| 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 | $3,716 |
| Total credits and payments | $3,720 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,480 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $240 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $4 |
| Amount to be credited to 2013 estimated tax | $4 |
| 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 | $5,612,619 |
| Net value of noncharitable-use assets | $5,528,440 |
| Minimum investment return | $276,422 |
| Distributable Amount (for 2012) | |
| Distributable amount | $272,706 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $272,706 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $137,551 |
| 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 | Walpole Country Club Inc | 233 Baker St, Walpole, MA 02081-4145 | MA | 1942-10 | $4,163,408 |
| 2 | Walpole Footlighters Inc | PO BOX 189, Walpole, MA 02081-0189 | MA | 1958-08 | $82,215 |
| 3 | Walpole Girls Soccer Boosters Association Inc | 11 Bridle Path, Walpole, MA 02081-2287 | MA | 1984-05 | $10,494 |
| 4 | Walpole Girls Softball Association | 72 Beethoven Ave, Walpole, MA 02081 | MA | 2005-09 | $63,210 |
| 5 | Walpole High School Alumni Association Inc | PO BOX 634, Walpole, MA 02081-0634 | MA | 2001-04 | $8,813 |
| 6 | Walpole Police Union Local 115 | 972 Main St, Walpole, MA 02081-2829 | MA | 2010-02 | $106,840 |
| 7 | Walpole Public Library Endowment Trust | C/O Robert Macdonald, East Walpole, MA 02032 | MA | 2001-08 | $251,355 |
| 8 | Walpole Rebels Gridiron Club Inc | PO BOX 92, Walpole, MA 02081-0092 | MA | 2004-09 | $77,466 |
| 9 | Walpole Sportsmens Association | PO BOX 91, Walpole, MA 02081-0091 | MA | 1993-08 | $104,198 |
| 10 | Walpole Youth Soccers Associationinc | 11 Bridle Path, Walpole, MA 02081-2287 | MA | 2007-01 | $199,585 |
| 11 | Walske Charitable Foundation, Walske Steven C & Jennifer M Ttee | Lwc 230 Congress Street 12fl, Boston, MA 02110 | MA | 1997-04 | $4,321,541 |
| 12 | Walter And Marie Coyle Foundation C/O Kayue Fialkow | 12 Great Hill Dr, Topsfield, MA 01983-1437 | MA | 1993-02 | $253 |
| 13 | Walter E Fernald Association Inc | 64 Jacqueline Rd Apt 3, Waltham, MA 02452-4973 | MA | 1991-12 | $2,633 |
| 14 | Walter E Fernald Corporation | 71 Leicester Rd, Belmont, MA 02478-3337 | MA | 1988-01 | $137,652 |
| 15 | Walter L Mccammon Educational Tiffen James B Etal Ttee, Tiffin James B Etal Ttee | C/O Tiffin Tiffin 160 Federal St, Boston, MA 02110 | MA | 1966-11 | $24,040 |
| 16 | Walter Lewis Brown Scholarship Trust | PO BOX 550, Brockton, MA 02303-0550 | MA | 2008-07 | $59,518 |
| 17 | Walter S Parker Middle School Pto | 45 Temple St, Reading, MA 01867-2831 | MA | 2005-12 | $72,935 |
| 18 | Waltham Boys And Girls Club Inc | 20 Exchange St, Waltham, MA 02451-4404 | MA | 1948-02 | $1,167,626 |
| 19 | Waltham Choral Parents Association Inc | 240 Robbins St, Waltham, MA 02453-5861 | MA | 1997-10 | $43,557 |
| 20 | Waltham City Of Choice Inc | 16 Centre St, Waltham, MA 02453-6010 | MA | 1997-06 | $725 |
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