Walter E Fernald Corporation in Belmont, Massachusetts (MA)
Table of contents:
| Walter E Fernald Corporation | |
| Employer Identification Number (EIN) | 222866262 |
| Name of Organization | Walter E Fernald Corporation |
| In Care of Name | Johanna Smith Treasurer |
| Address | 71 Leicester Rd, Belmont, MA 02478-3337 |
| Activities | Gifts, grants, or loans to other organizations, Special school for the blind, handicapped, etc |
| Subsection | Charitable Organization |
| Ruling Date | 01/1988 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $185,555 |
| Amount of Income | $137,652 |
| Form 990 Revenue Amount | $102,386 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Developmentally Disabled Centers, Services |
Non-representatives - add comments:
Amount of income in 2014: $137,652 (it was $3,608 in 2013)
| This organization: | $137,652 |
| Other organizations performing similar types of work: | $5,961,275 |
Assets in 2014: $185,555 (it was $175,573 in 2013)
| Walter E Fernald Corporation: | $185,555 |
| Other organizations performing similar types of work: | $3,885,063 |
Expenses in 2013: $116,610
| This organization: | $116,610 |
| Other organizations performing similar types of work: | $5,751,526 |
Income to expenses ratio in 2013: 1.2
| Walter E Fernald Corporation: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.0%
| Walter E Fernald Corporation: | 0.0% |
| Other organizations performing similar types of work: | 10.4% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $24,318 | $14,306 | $3,608 |
| Contributions, gifts, grants, and similar amounts received | $250 | $345 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $8,764 | $7,027 | $3,608 |
| Gain/Loss from sale of assets other than inventory | $15,304 | $6,934 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $103,777 | $92,933 | $116,610 |
| Total net assets | $341,436 | $257,473 | $175,573 |
| Excess/Deficit for the year | $-79,459 | $-78,627 | $-113,002 |
| Net assets or fund balances at beginning of year | $394,606 | $341,436 | $257,473 |
| Other changes in net assets or fund balances | $26,289 | $-5,336 | $31,102 |
| Net assets or fund balances at end of year | $257,473 | $175,573 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $341,436 | $257,473 | $175,573 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $341,436 | $257,473 | $175,573 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Seven Hills Foundation Inc, Group Return | 81 Hope Ave, Worcester, MA 01603-2212 | MA | 1996-05 | $166,781,560 |
| 2 | New England Center For Children Inc | 33 Turnpike Rd, Southborough, MA 01772-2108 | MA | 1982-11 | $72,806,336 |
| 3 | Cape Abilities Inc | 895 Mary Dunn Rd, Hyannis, MA 02601-2088 | MA | 1969-06 | $13,047,355 |
| 4 | The Arc Of South Norfolk Inc | 789 Clapboard Tree St Rear Entrance, Westwood, MA 02090-1717 | MA | 1967-06 | $8,161,180 |
| 5 | Associates For Human Services Inc | 68 Allison Ave, Taunton, MA 02780-6958 | MA | 1976-02 | $5,722,329 |
| 6 | United Arc Of Franklin & Hampshire Counties Inc | 294 Avenue A, Turners Falls, MA 01376-1817 | MA | 1974-01 | $5,034,187 |
| 7 | Mental Health Programs Inc Iv | 70 Bridge St Ste 201, Newton, MA 02458-1141 | MA | 1993-10 | $527,317 |
| 8 | Horace Mann Educational Associates Inc | 8 Forge Park East, Franklin, MA 02038-3138 | MA | 1980-01 | $35,206,948 |
| 9 | Supportive Concepts For Families Inc | 200 Penn Street, Reading, PA 19602-1000 | PA | 1994-05 | $34,820,886 |
| 10 | The Shield Of David Inc, Dba The Shield Institute | 14461 Roosevelt Ave, Flushing, NY 11354-6252 | NY | 1937-11 | $32,086,999 |
| 11 | Venture Community Services Inc | PO BOX 38, Sturbridge, MA 01566-0038 | MA | 1977-02 | $29,012,022 |
| 12 | Turning Point Community Programs | 3440 Viking Dr Ste 114, Sacramento, CA 95827-2844 | CA | 1980-11 | $27,864,664 |
| 13 | Guidewire Inceo Corr | 551 E Columbus Ave, Springfield, MA 01105-2556 | MA | 1987-11 | $16,426,166 |
| 14 | New England Villages Inc | 664 School St, Pembroke, MA 02359-3607 | MA | 1967-06 | $15,183,180 |
| 15 | Sunshine Village Inc | 75 Litwin Ln, Chicopee, MA 01020-4817 | MA | 1968-02 | $11,805,877 |
| 16 | Walnut Street Center Inc | 35 Charlestown St, Somerville, MA 02143-3431 | MA | 1973-06 | $11,029,872 |
| 17 | South Shore Support Services Inc | 317 Libbey Industrial Parkway, Weymouth, MA 02189-3113 | MA | 1995-08 | $6,766,547 |
| 18 | Valley Educational Associates Inc | PO BOX 46, Hatfield, MA 01038-0046 | MA | 1982-12 | $2,523,194 |
| 19 | Walter E Fernald Corporation | 71 Leicester Rd, Belmont, MA 02478-3337 | MA | 1988-01 | $137,652 |
| 20 | Center House Inc | 66 Canal St, Boston, MA 02114-2002 | MA | 1972-07 | $0 |
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