Willard C Tilson Foundation in Rockport, 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
| Willard C Tilson Foundation | |
| Employer Identification Number (EIN) | 046036556 |
| Name of Organization | Willard C Tilson Foundation |
| In Care of Name | Bayard Waring |
| Address | 3 Sandaba Rd, Rockport, MA 01966-1812 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1960 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,604,846 |
| Amount of Income | $1,066,145 |
| Form 990 Revenue Amount | $267,677 |
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 | $606,045 | $606,045 | $177,351 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2,430 | |||
| Dividends and interest from securities | $118,258 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $56,663 | |||
| Other | $428,694 | |||
| Total expenses and disbursements | $414,477 | $23,129 | $14,129 | $391,348 |
| Compensation of officers, directors, trustees, etc. | $20,000 | |||
| Total operating and administrative expenses | $34,477 | $23,129 | $11,348 | |
| Contributions, gifts, grants paid | $380,000 | |||
| Excess of revenue over expenses and disbursements | $191,568 | |||
| Net investment income | $582,916 | |||
| Adjusted net income | $163,222 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,894,109 | $4,435,706 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $3,259,290 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $634,819 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,894,109 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $428,694 |
| 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 | $5,829 |
| Total credits and payments | $6,038 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,038 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $4,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $209 |
| Amount to be credited to 2013 estimated tax | $209 |
| 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 | $4,477,685 |
| Net value of noncharitable-use assets | $4,410,520 |
| Minimum investment return | $220,526 |
| Distributable Amount (for 2012) | |
| Distributable amount | $214,697 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $214,697 |
| 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 | Wilbraham Nature And Cultural Center Inc | PO BOX 874, Wilbraham, MA 01095-0874 | MA | 1994-01 | $137,180 |
| 2 | Wilbraham Rotary Memorial Foundation Inc | 150 Entrybrook Dr, Springfield, MA 01108-3318 | MA | 1985-09 | $28,460 |
| 3 | Wilbraham Soccer Club Inc | 3 Cedar Oak Dr, Wilbraham, MA 01095-1529 | MA | 1997-02 | $109,585 |
| 4 | Wilbraham Twin Meadows Hockey Association Inc | 5 Herrick Pl, Wilbraham, MA 01095-1539 | MA | 1994-01 | $198,982 |
| 5 | Wilcox Family Foundation | 100 Federal St 37th Flr, Boston, MA 02110-1802 | MA | 1989-09 | $200,110 |
| 6 | Wild Harbor Yacht Club Inc | PO BOX 1078, N Falmouth, MA 02556-1078 | MA | 1955-06 | $112,883 |
| 7 | Wilder Memorial Nursery School | 666 Main St, Hingham, MA 02043-3120 | MA | 1946-06 | $483,784 |
| 8 | Wildflower Camp Foundation Inc | PO BOX 81116, Wellesley Hls, MA 02481-0007 | MA | 2005-03 | $128,083 |
| 9 | Wildlands Trust Inc | 675 Long Pond Road, Plymouth, MA 02360 | MA | 2010-09 | $1,756,199 |
| 10 | Wildwood School Parents Advisory Council Inc | 182 Wildwood Street, Wilmington, MA 01887 | MA | 1997-12 | $0 |
| 11 | Willard C Tilson Foundation | 3 Sandaba Rd, Rockport, MA 01966-1812 | MA | 1960-10 | $1,066,145 |
| 12 | Willard House & Clock Museum Inc | 11 Willard St, North Grafton, MA 01536-2011 | MA | 1979-11 | $2,260,390 |
| 13 | Willard Parent Teacher Group | 185 Powder Mill Rd, Concord, MA 01742-4803 | MA | 1974-03 | $54,733 |
| 14 | Willett Elementary School Pto Inc | 32 Watson Ave, Attleboro, MA 02703-2017 | MA | 2008-02 | $47,719 |
| 15 | Willett Pond Charitable And Protection Association Inc | 33 Woodruff Rd, Walpole, MA 02081-3915 | MA | 1988-01 | $4,877 |
| 16 | William A And Edna C Silverman Charitable Fund | 75 State St 18th Fl, Boston, MA 02109-1827 | MA | 1982-03 | $28,292 |
| 17 | William A Lynch Trust Uw | 605 Broadway Lf41, Saugus, MA 01906-3200 | MA | 1973-02 | $14,990 |
| 18 | William A Rich Scholarship Fund Eastern Bank & Trust Co Ttee | 605 Broadway Lf41, Saugus, MA 01906-3200 | MA | 1993-07 | $10,895 |
| 19 | William A Richardson | 605 Broadway Lf41, Saugus, MA 01906-3200 | MA | $283,514 | |
| 20 | William And Cynthia Marcus Family Charitable Trust | 99-50 Florence Street, Chestnut Hill, MA 02467-1930 | MA | 1962-05 | $105,231 |
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