William E Schrafft & Bertha E Schrafft Charitable Trust 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
| William E Schrafft & Bertha E Schrafft Charitable Trust | |
| Employer Identification Number (EIN) | 046065605 |
| Name of Organization | William E Schrafft & Bertha E Schrafft Charitable Trust |
| Address | PO BOX 961449, Boston, MA 02196-1449 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 10/1947 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $36,107,062 |
| Amount of Income | $24,855,274 |
| Form 990 Revenue Amount | $831,308 |
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 | $1,761,477 | $1,761,477 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1 | |||
| Dividends and interest from securities | $566,233 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1,195,243 | |||
| Total expenses and disbursements | $1,791,862 | $213,019 | $0 | $1,450,000 |
| Compensation of officers, directors, trustees, etc. | $88,000 | |||
| Total operating and administrative expenses | $341,862 | $213,019 | $0 | |
| Contributions, gifts, grants paid | $1,450,000 | |||
| Excess of revenue over expenses and disbursements | $-30,385 | |||
| Net investment income | $1,548,458 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $31,281,798 | $31,281,798 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $29,931,449 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $284,502 | |
| Other | $1,065,847 | |
| Total liabilities | $102,807 | |
| Mortgages and other notes payable | $0 | |
| Other | $102,807 | |
| Total liabilities and net assets/fund balances | $31,178,991 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,195,243 |
| 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 | $30,969 |
| Total credits and payments | $55,870 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $55,870 |
| 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 | $24,901 |
| Amount to be credited to 2013 estimated tax | $24,901 |
| 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 | $30,981,298 |
| Net value of noncharitable-use assets | $30,516,580 |
| Minimum investment return | $1,525,829 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,494,860 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,494,860 |
| 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 | William A Rich Scholarship Fund Eastern Bank & Trust Co Ttee | 605 Broadway Lf41, Saugus, MA 01906-3200 | MA | 1993-07 | $10,895 |
| 2 | William A Richardson | 605 Broadway Lf41, Saugus, MA 01906-3200 | MA | $283,514 | |
| 3 | William And Cynthia Marcus Family Charitable Trust | 99-50 Florence Street, Chestnut Hill, MA 02467-1930 | MA | 1962-05 | $105,231 |
| 4 | William And Irene Roberts Foundation The | PO BOX 990145, Boston, MA 02199-0145 | MA | 1980-03 | $30 |
| 5 | William And Jacqueline Shaw Fam Foundation Inc | 215 Sandy Pond Rd, Lincoln, MA 01773-1802 | MA | 1998-06 | $754,460 |
| 6 | William B Rice Aid Fund Inc | PO BOX 868, Hudson, MA 01749-0868 | MA | 1948-07 | $100,341 |
| 7 | William Babcock Trust | 12 Gill St Ste 2600, Woburn, MA 01801-1729 | MA | 1970-12 | $2,508 |
| 8 | William Beecher Scoville Foundation Inc | 390 Broadway, Cambridge, MA 02139-1603 | MA | 1965-11 | $348,090 |
| 9 | William E & Janet Burrows James Foundation Tr, James William E & Janet B Ttees | 160 Federal St, Boston, MA 02110-1700 | MA | 1998-12 | $208,029 |
| 10 | William E Maloney Foundation | 275 Massachusetts Avenue, Lexington, MA 02420-4088 | MA | 1966-07 | $87,662 |
| 11 | William E Schrafft & Bertha E Schrafft Charitable Trust | PO BOX 961449, Boston, MA 02196-1449 | MA | 1947-10 | $24,855,274 |
| 12 | William F And Juliana W Thompson Charitable Fund | C/O Fortis Mgmt 800 South Street No, Waltham, MA 02453 | MA | 1989-04 | $1,437,834 |
| 13 | William F Connell Charitable Trust | 75 Federal St 7th Fl, Boston, MA 02110-1913 | MA | 1987-03 | $135,013 |
| 14 | William F Ray Foundation | 3 Cottage St, Natick, MA 01760-5815 | MA | 1968-04 | $81,555 |
| 15 | William F Stanley Elementary School Pto | 250 South St, Waltham, MA 02453 | MA | 2015-04 | $22,775 |
| 16 | William H Lane Foundation | 10 Tremont St Ste 200, Boston, MA 02108-2008 | MA | 1955-06 | $4 |
| 17 | William H Leland Iii Charitable Foundation Inc | 300 West Main Street No 102, Northborough, MA 01532-2132 | MA | 2006-12 | $13,804 |
| 18 | William H Lincoln School Pto | 19 Kennard Rd, Brookline, MA 02445-7513 | MA | 2000-07 | $110,260 |
| 19 | William H Reisner Foundation | 33 Elm St, Clinton, MA 01510-2307 | MA | 1954-06 | $6,044 |
| 20 | William Harold Francis Austin Trust | 605 Broadway Lf 42, Saugus, MA 01906-3283 | MA | 1981-03 | $309,696 |
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