Weld 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
| Weld Foundation | |
| Employer Identification Number (EIN) | 046039173 |
| Name of Organization | Weld Foundation |
| In Care of Name | Samuel H Wolcott Jr Et Al Ttees |
| Address | Lwc 230 Congress St 12fl, Boston, MA 02110 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1954 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| 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 | $6,033,878 |
| Amount of Income | $1,800,926 |
| Form 990 Revenue Amount | $549,984 |
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 | $523,421 | $499,045 | $0 | |
| Contributions, gifts, grants, etc., received | $25,000 | |||
| Interest on savings and temporary cash investments | $329 | |||
| Dividends and interest from securities | $205,412 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $292,680 | |||
| Total expenses and disbursements | $257,610 | $46,779 | $0 | $197,544 |
| Compensation of officers, directors, trustees, etc. | $20,614 | |||
| Total operating and administrative expenses | $67,610 | $46,779 | $7,544 | |
| Contributions, gifts, grants paid | $190,000 | |||
| Excess of revenue over expenses and disbursements | $265,811 | |||
| Net investment income | $452,266 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,868,032 | $9,396,574 |
| Cash - non-interest-bearing | $449 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $5,540,579 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $58,004 | |
| Other | $269,000 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $5,868,032 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $292,680 |
| 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 | $9,045 |
| Total credits and payments | $10,080 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $10,080 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,035 |
| Amount to be credited to 2013 estimated tax | $1,035 |
| 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? | Yes |
| 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 | $9,054,145 |
| Net value of noncharitable-use assets | $8,918,340 |
| Minimum investment return | $445,917 |
| Distributable Amount (for 2012) | |
| Distributable amount | $436,872 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $436,872 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $418,375 |
| 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 | Webster Youth Soccer Inc | Co Lisa Kontoes 34 Stephen Drive, Webster, MA 01570 | MA | 1998-05 | $30,767 |
| 2 | Wechsler Family Foundation | 16 Dogwood Rd, Weston, MA 02493-2459 | MA | 2003-05 | $39,960 |
| 3 | Wedeln Ski And Outdoors Club Inc | 100 Candlewood Dr, Leominster, MA 01453 | MA | 1972-06 | $69,089 |
| 4 | Wedgewood Club Inc | PO BOX 110, Bedford, MA 01730-0110 | MA | 1976-07 | $390,701 |
| 5 | Wedgwood Society Of Boston Inc | 132 Middle Street, Braintree, MA 02184 | MA | 1995-10 | $1,510 |
| 6 | Wediko Childrens Services Inc | 72 E Dedham St, Boston, MA 02118-2315 | MA | 1973-04 | $13,305,364 |
| 7 | Weh2 Foundation | 126 Border St, Cohasset, MA 02025-2044 | MA | 2009-08 | $37,425 |
| 8 | Weissman Fam Charitable Foundation 11152000, Davis Laure W Ttee | PO BOX 540, Waltham, MA 02454 | MA | 2001-01 | $932,162 |
| 9 | Welcome Project Inc | 530 Mystic Ave 111, Somerville, MA 02145-1602 | MA | 1991-09 | $189,581 |
| 10 | Weld Family Foundation, Weld Christopher Jr Ttee | C/O Todd Weld One Federal Street, Boston, MA 02110 | MA | 2003-04 | $225,757 |
| 11 | Weld Foundation | Lwc 230 Congress St 12fl, Boston, MA 02110 | MA | 1954-04 | $1,800,926 |
| 12 | Weld Foundation For Scientific And Environmental Development | 40 Driftway Ste E30, Scituate, MA 02066-4612 | MA | 1989-12 | $2,325 |
| 13 | Wellesley Abc Program Inc | 396 Washington St, Wellesley, MA 02481-6209 | MA | 1972-10 | $188,631 |
| 14 | Wellesley Media Corporation | 37 Walnut St Ste 110, Wellesley Hls, MA 02481-2107 | MA | 2003-03 | $737,192 |
| 15 | Wellesley Chamber Of Commerce Inc | 1 Hollis St Ste 232, Wellesley, MA 02482-4673 | MA | 1976-10 | $238,460 |
| 16 | Wellesley Club | PO BOX 81288, Wellesley Hls, MA 02481-0003 | MA | 1984-02 | $67,417 |
| 17 | Wellesley College Alumnae Assoc, Class Of 1952 | 106 Central Street, Wellesley, MA 02481 | MA | 1972-09 | $4,428 |
| 18 | Wellesley College Alumnae Association, 1953 Class | 106 Central St, Wellesley, MA 02481-8203 | MA | 1972-09 | $4,269 |
| 19 | Wellesley College Alumnae Assoc, Wellesley College Class Of 1954 | 106 Central Street, Wellesley, MA 02481 | MA | 1972-05 | $4,382 |
| 20 | Wellesley College Alumnae Assoc | 106 Central Street, Wellesley, MA 02481 | MA | 1972-09 | $21,440 |
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