Broom Family Foundation in New London, New Hampshire (NH)
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 New Hampshire
| Broom Family Foundation | |
| Employer Identification Number (EIN) | 043341452 |
| Name of Organization | Broom Family Foundation |
| In Care of Name | Strategic Timber Inc |
| Address | 176 Newport Rd Unit 9, New London, NH 03257-5474 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1997 |
| 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 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,911,316 |
| Amount of Income | $1,874 |
| Form 990 Revenue Amount | $1,973,370 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Culture, and Humanities (Not Elsewhere Classified) |
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 | $1,720,120 | $339,061 | $0 | |
| Contributions, gifts, grants, etc., received | $1,381,059 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $2,066 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $336,995 | |||
| Total expenses and disbursements | $1,472,508 | $2,275 | $0 | $1,361,340 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $133,713 | $2,275 | $22,545 | |
| Contributions, gifts, grants paid | $1,338,795 | |||
| Excess of revenue over expenses and disbursements | $247,612 | |||
| Net investment income | $336,786 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,046,802 | $2,667,565 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $54,000 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,992,802 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,046,802 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $336,995 |
| 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 | $3,368 |
| Total credits and payments | $7,278 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $7,278 |
| 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 | $3,910 |
| Amount to be credited to 2013 estimated tax | $3,910 |
| 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 | $245,087 |
| Net value of noncharitable-use assets | $241,420 |
| Minimum investment return | $12,071 |
| Distributable Amount (for 2012) | |
| Distributable amount | $8,703 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $8,703 |
| 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 New Hampshire | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Bristol Community Services Inc | 24 Pleasant St, Bristol, NH 03222-3003 | NH | 1971-03 | $61,356 |
| 2 | Bristol Downtown Revitalization Committee | PO BOX 128, Bristol, NH 03222-0128 | NH | 2006-08 | $3,834 |
| 3 | Bristol Nursery School Inc | Po Box 60, Bristol, NH 03222 | NH | 1979-04 | $50,626 |
| 4 | Bristol Recreation Advisory Council | 30 N Main St, Bristol, NH 03222-3512 | NH | 1958-01 | $488,894 |
| 5 | Brookfield Arts Foundation | 11 Keewaydin Dr Ste 100, Salem, NH 03079-2999 | NH | 1999-12 | $89,420,154 |
| 6 | Brookline Historical Society | PO BOX 595, Brookline, NH 03033-0595 | NH | 1983-06 | $15,199 |
| 7 | Brookline Hollis Youth Soccer League | PO BOX 658, Brookline, NH 03033 | NH | 2005-03 | $0 |
| 8 | Brookline Ice Breakers Snowmobile Club Inc | PO BOX 198, Brookline, NH 03033-0198 | NH | 2003-06 | $10,079 |
| 9 | Brookline Parent Teacher Organization | PO BOX 68, Brookline, NH 03033-0068 | NH | 2002-03 | $25,554 |
| 10 | Brookline Volunteer Fire Department Inc | P O Box 174, Brookline, NH 03033 | NH | 2001-09 | $21,614 |
| 11 | Broom Family Foundation | 176 Newport Rd Unit 9, New London, NH 03257-5474 | NH | 1997-04 | $1,874 |
| 12 | Brown Monson Foundation | 15 Dartmouth Drive, Auburn, NH 03032-3982 | NH | 1990-11 | $570,252 |
| 13 | Bryon Family Chartable Trust | 4 Pinecrest Ln, Durham, NH 03824-3110 | NH | 1985-05 | $971 |
| 14 | Buckeye Legal Aid Services Inc | 106 Black Hall Rd, Epsom, NH 03234-4344 | NH | 2004-03 | $6,550 |
| 15 | Busi Scholarship Fund | PO BOX 477, Concord, NH 03302-0477 | NH | 2001-05 | $227,324 |
| 16 | Business And Industry Association Of Nh | 122 N Main St, Concord, NH 03301-4917 | NH | 1945-05 | $1,358,713 |
| 17 | Business Aviation Professional Of New England | 81 Perimeter Rd, Nashua, NH 03063-1325 | NH | 2007-08 | $33,685 |
| 18 | Business Enterprise Development Corporation | 177 Main Street, Berlin, NH 03570-2486 | NH | 1979-09 | $138,826 |
| 19 | Byrne Foundation Inc | 3 Laramie Rd Box 599, Etna, NH 03750-3426 | NH | 1993-07 | $2,614,348 |
| 20 | Byrne Fund Fbo Of Memorial Sloan- Kettering Cancer Center | 3 Laramie Rd Box 599, Etna, NH 03750 | NH | 1993-10 | $11,732,863 |
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