Westman-Zoino Scholarship Trust in Framingham, 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
| Westman-Zoino Scholarship Trust | |
| Employer Identification Number (EIN) | 043034142 |
| Name of Organization | Westman-Zoino Scholarship Trust |
| Address | 25 Ruthellen Rd, Framingham, MA 01701-3840 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 09/1989 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $6,342 |
| Amount of Income | $3,834 |
| Form 990 Revenue Amount | $1,033 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $891 | $705 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $705 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $186 | |||
| Total expenses and disbursements | $3,594 | $0 | $0 | $3,594 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $594 | $0 | $594 | |
| Contributions, gifts, grants paid | $3,000 | |||
| Excess of revenue over expenses and disbursements | $-2,703 | |||
| Net investment income | $705 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,912 | $9,560 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $8,912 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $8,912 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $186 |
| 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 | $7 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $7 |
| 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? | Yes |
| 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 | $10,651 |
| Net value of noncharitable-use assets | $10,500 |
| Minimum investment return | $525 |
| Distributable Amount (for 2012) | |
| Distributable amount | $518 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $518 |
| 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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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Westford Friends Of Recreation Inc | 46 Lake Shore Dr N, Westford, MA 01886-1532 | MA | 2004-04 | $97,971 |
| 2 | Westford Initiative For Senior Housing Inc | 10 Wilson Street, Chelmsford, MA 01824-3160 | MA | 2006-07 | $319,238 |
| 3 | Westford Middle School Parent Teacher Organization Inc | 14 West St Blanchard School, Westford, MA 01886 | MA | 2007-08 | $28,103 |
| 4 | Westford Rotary Charitable Endowment Inc | PO BOX 231, Westford, MA 01886-0008 | MA | 2001-03 | $105,439 |
| 5 | Westford Suzuki School Inc, Westford Suzuki School | 4 Depot St, Westford, MA 01886-2608 | MA | 1992-07 | $139,422 |
| 6 | Westford Youth Basketball Assoc Inc | 7 Colonial Dr, Westford, MA 01886-4502 | MA | 2008-04 | $126,521 |
| 7 | Westford Youth Soccer Assoc | PO BOX 4109, Westford, MA 01886-0034 | MA | 1984-07 | $167,484 |
| 8 | Westhampton Senior Housing Inc | PO BOX 17, Chesterfield, MA 01012-0017 | MA | 2005-12 | $56,800 |
| 9 | Westiminster Benefit Fund Inc | PO BOX 63, Westminster, MA 01473-0063 | MA | 1988-05 | $51,768 |
| 10 | Westland Community Housing Corporation | 950 Cambridge St, Cambridge, MA 02141-1001 | MA | 2001-03 | $41,429 |
| 11 | Westman-Zoino Scholarship Trust | 25 Ruthellen Rd, Framingham, MA 01701-3840 | MA | 1989-09 | $3,834 |
| 12 | Westmass Eldercare Inc | 4 Valley Mill Rd, Holyoke, MA 01040-5855 | MA | 1974-12 | $23,286,446 |
| 13 | Westminster Police Association | 7 South St, Westminster, MA 01473-1534 | MA | 1986-10 | $3,221 |
| 14 | Weston Affordable Housing Inc | PO BOX 171, Weston, MA 02493-0001 | MA | 2002-06 | $98,737 |
| 15 | Weston Community Childrens Association Inc | PO BOX 645, Weston, MA 02493-0004 | MA | 1988-11 | $35,053 |
| 16 | Weston Community Housing Inc | 23 Village Rd, Weston, MA 02493-1337 | MA | 1977-05 | $534,011 |
| 17 | Weston Drama Workshop Inc | PO BOX 441, Weston, MA 02493-0003 | MA | 1967-09 | $160,360 |
| 18 | Weston Friendly Society Of The Performing Arts Inc | PO BOX 162, Weston, MA 02493-0001 | MA | 1992-12 | $37,786 |
| 19 | Weston Hockey Club Inc | 243 Ridgeway Rd, Weston, MA 02493-2703 | MA | 2008-11 | $46,224 |
| 20 | Weston Parent Teachers Organization Inc, Weston Parent Teachers Organization | 89 Wellesley Street, Weston, MA 02493 | MA | 1985-03 | $59,800 |
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