William J & Lia G Poorvu Foundation in Cambridge, 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Massachusetts
| William J & Lia G Poorvu Foundation | |
| Employer Identification Number (EIN) | 042651199 |
| Name of Organization | William J & Lia G Poorvu Foundation |
| Address | PO BOX 380828, Cambridge, MA 02238-0828 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 11/1978 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $50,000,000 to greater |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $82,316,727 |
| Amount of Income | $12,240,048 |
| Form 990 Revenue Amount | $9,859,626 |
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 | $11,245,561 | $4,732,966 | $0 | |
| Contributions, gifts, grants, etc., received | $6,000,139 | |||
| Interest on savings and temporary cash investments | $416,725 | |||
| Dividends and interest from securities | $361,307 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $308,417 | |||
| Other | $4,158,973 | |||
| Total expenses and disbursements | $3,258,249 | $393,956 | $0 | $2,728,691 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $539,749 | $393,956 | $10,191 | |
| Contributions, gifts, grants paid | $2,718,500 | |||
| Excess of revenue over expenses and disbursements | $7,987,312 | |||
| Net investment income | $4,339,010 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $69,950,653 | $71,440,071 |
| Cash - non-interest-bearing | $4,260,408 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $65,690,245 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $69,950,653 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $4,158,973 |
| 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 | $86,780 |
| Total credits and payments | $159,880 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $34,880 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $125,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $929 |
| Tax due | $0 |
| Overpayment | $72,171 |
| Amount to be credited to 2013 estimated tax | $72,171 |
| 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 | $67,147,425 |
| Net value of noncharitable-use assets | $66,140,220 |
| Minimum investment return | $3,307,011 |
| Distributable Amount (for 2012) | |
| Distributable amount | $3,220,231 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $3,220,231 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $-643,803 | $0 | $-643,803 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $58,515 | $0 | $58,515 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $-702,318 | $12 | $-702,318 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $-643,803 |
| Unrelated business taxable income before net operating loss deduction | $-643,803 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-643,803 |
| Specific deduction | $1,000 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Voice Of The Arab World Inc, Egyptian American Assoc Of N Englnd | 47 Pilgrim St Apt 103, Cambridge, MA 02139-4175 | MA | 1988-04 | $869 |
| 2 | Walpole Technology & Innovation Foundation Inc | C/O Joel M Stoller 45 Irving Dr, Walpole, MA 02081 | MA | 1993-09 | $46,598 |
| 3 | Waltham Youth Hockey Association Inc | PO BOX 540654, Waltham, MA 02454-0654 | MA | 1974-09 | $838,800 |
| 4 | Warmlines Parent Resources Inc | 225 Nevada St, Newtonville, MA 02460-1212 | MA | 1979-09 | $280,933 |
| 5 | Wayland Public Schools Parent Teacher Organization Inc | 203 Old Stonebridge Road, Wayland, MA 01778-2934 | MA | 2003-10 | $305,958 |
| 6 | Wayside Youth & Family Support Network | 1 Frederick Abbott Way, Framingham, MA 01701-7992 | MA | 1979-01 | $24,823,850 |
| 7 | Wellspring Inc | 814 Nantasket Ave, Hull, MA 02045-1533 | MA | 1988-12 | $898,478 |
| 8 | Westfield Community Development Corporation | 53 Court Street, Westfield, MA 01085-3555 | MA | 1994-09 | $300,371 |
| 9 | Westminister Historical Society Inc | PO BOX 177, Westminster, MA 01473-0177 | MA | 1984-07 | $34,906 |
| 10 | Wilbraham & Monson Academy | 423 Main St, Wilbraham, MA 01095-1699 | MA | 1967-12 | $23,982,641 |
| 11 | William J & Lia G Poorvu Foundation | PO BOX 380828, Cambridge, MA 02238-0828 | MA | 1978-11 | $12,240,048 |
| 12 | Willits Hallowell Center Inc | 50 College St, South Hadley, MA 01075-1445 | MA | 1975-08 | $1,600,693 |
| 13 | Windhorse Foundation, Salem David A Mr & Mrs Ttees | 125 High St 22nd Fl, Boston, MA 02110-2704 | MA | 1992-09 | $362,650 |
| 14 | Teen Voices Inc | PO BOX 960702, Boston, MA 02196 | MA | 1990-08 | $796,016 |
| 15 | Worcester Center For Performing Arts Inc | 2 Francis R Carroll Plz, Worcester, MA 01608-2089 | MA | 2002-10 | $10,009,472 |
| 16 | Worcester Environmental Education Research Effort Inc, W E E R E Inc | 360 W Boylston St Rm 107, West Boylston, MA 01583-2370 | MA | 1998-01 | $26,121 |
| 17 | Worcester Hibernian Cultural Foundation Inc | PO BOX 20276, Worcester, MA 01602-0276 | MA | 2005-06 | $261,370 |
| 18 | Worcester Polytechnic Institute Alumni Association | 100 Institute Rd, Worcester, MA 01609-2247 | MA | 1959-08 | $182,625 |
| 19 | Work Incorporated | 25 Beach St, Dorchester, MA 02122-2734 | MA | 1971-02 | $25,524,931 |
| 20 | Work Opportunity Center Inc | 1094 Suffield St, Agawam, MA 01001-2975 | MA | 1974-03 | $2,543,955 |
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