Wellner Family Community Tr, 23-00-9294 in Lenox, 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
| Wellner Family Community Tr, 23-00-9294 | |
| Employer Identification Number (EIN) | 061468789 |
| Name of Organization | Wellner Family Community Tr |
| Secondary Name | 23-00-9294 |
| In Care of Name | Legacy Banks |
| Address | 25 Main St, Lenox, MA 01240-2311 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $662,999 |
| Amount of Income | $223,317 |
| Form 990 Revenue Amount | $15,474 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $223,317 (it was $277,735 in 2012)
| Wellner Family Community Tr, 23-00-9294: | $223,317 |
| Other organizations performing similar types of work: | $153,770 |
Assets in 2013: $662,999 (it was $666,597 in 2012)
| Wellner Family Community Tr, 23-00-9294: | $662,999 |
| Other organizations performing similar types of work: | $516,948 |
Expenses in 2012: $44,410
| Wellner Family Community Tr, 23-00-9294: | $44,410 |
| Other organizations performing similar types of work: | $60,348 |
Income to expenses ratio in 2012: 5.0
| This organization: | 5.0 |
| Other organizations performing similar types of work: | 2.2 |
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 | $32,952 | $32,727 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $19,818 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $15 | |||
| Other | $13,119 | |||
| Total expenses and disbursements | $44,410 | $12,596 | $0 | $31,715 |
| Compensation of officers, directors, trustees, etc. | $15,666 | |||
| Total operating and administrative expenses | $16,910 | $12,596 | $4,215 | |
| Contributions, gifts, grants paid | $27,500 | |||
| Excess of revenue over expenses and disbursements | $-11,458 | |||
| Net investment income | $20,131 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $666,597 | $750,559 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $280,289 | |
| Investments-corporate bonds | $342,673 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $43,635 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $666,597 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $13,119 |
| 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 | $403 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $403 |
| 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 | $750,000 |
| Net value of noncharitable-use assets | $738,760 |
| Minimum investment return | $36,938 |
| Distributable Amount (for 2012) | |
| Distributable amount | $36,535 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $36,535 |
| 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 | Neil And Anna Rasmussen Foundation, Rasmussen Neil Ttee | 393 Estabrook Rd, Concord, MA 01742-5614 | MA | 1995-11 | $52,133,679 |
| 2 | Ruettgers Family Charitable Foundation, Ruettgers Michael C Ttee | 100 Federal Street 37th Floor, Boston, MA 02110-1802 | MA | 1997-09 | $7,375,679 |
| 3 | Schooner Foundation, Ryan Vincent J Ttee | 60 South St Ste 1120, Boston, MA 02111-5103 | MA | 1997-05 | $5,197,297 |
| 4 | Scheick-Verrochki Fam Foundation Inc | C/O R Donovan 265 Washington St, Westwood, MA 02090 | MA | 1995-09 | $3,475,587 |
| 5 | The Jennison Charitable Foundation | 150 Mount Vernon St Ste 500, Boston, MA 02125-3135 | MA | 1997-01 | $631,185 |
| 6 | Shirley Brownrigg Charitable Tr Uw Fbo Shirley Brownrigg, Degenstein Lester G Et Al Ttees | PO BOX 147, Williamstown, MA 01267-0147 | MA | 1995-07 | $480,568 |
| 7 | Winchester Foundation For Educational Excellence Inc, Incorporated | 21 Church St, Winchester, MA 01890-1801 | MA | 1993-01 | $243,747 |
| 8 | Wellner Family Community Tr, 23-00-9294 | 25 Main St, Lenox, MA 01240-2311 | MA | 1997-01 | $223,317 |
| 9 | Saini Foundation Inc, Saini Foundation | 193 Fayerweather St, Cambridge, MA 02138-1202 | MA | 1995-10 | $210,558 |
| 10 | Stephen R Casey And Carlotta Casey Coyne Fund Tr, Cain Richard J Ttee | 690 Canton St Ste 306, Westwood, MA 02090-2326 | MA | 1996-02 | $70,363 |
| 11 | The Fall River Rotary Club Charitable Foundation Trust | PO BOX 1802, Fall River, MA 02722-1802 | MA | 1990-06 | $54,884 |
| 12 | Sarton Scholarship Fund | 136 Irving St, Cambridge, MA 02138-1929 | MA | 1996-03 | $24,917 |
| 13 | Zammito Charitable Foundation | 36 Popponesset Island Rd, New Seabury, MA 02649-3843 | MA | 1996-04 | $18,391 |
| 14 | Wilson Family Charitable Foundation, Wilson James M Ttee | 800 South St Ste 255, Waltham, MA 02453-1445 | MA | 1996-03 | $6,216 |
| 15 | Sheftel Foundation Inc | PO BOX 399, Marstons Mls, MA 02648-0399 | MA | 1996-03 | $3,864 |
| 16 | Ryan Family Foundation | Two Intl Pl, Boston, MA 02110 | MA | 1996-06 | $2,547 |
| 17 | The@toby And Chuck Richmond Charitable Foundation, Richmond Toby & Chuck Ttee | 1 Leyton Rd, Worcester, MA 01609-1152 | MA | 1997-12 | $15 |
| 18 | Sasquatch Foundation | PO BOX 531, Dennis, MA 02638-0531 | MA | 1996-11 | $1 |
| 19 | Barry Dorman Foundation | 100 Federal Street 33rd Fl, Boston, MA 02110-1802 | MA | 1997-01 | $0 |
| 20 | Massachusetts Foundation For Excellence In Marine And Polymer | 371 Moody St Ste 109, Waltham, MA 02453-5239 | MA | 1992-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 740 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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