Jason C Somerville Trust in Bethlehem, 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
| Jason C Somerville Trust | |
| Employer Identification Number (EIN) | 026033716 |
| Name of Organization | Jason C Somerville Trust |
| In Care of Name | John & Nancy Stevenson Trust |
| Address | PO BOX 299, Bethlehem, NH 03574-0299 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 03/1974 |
| 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 | $1,256,520 |
| Amount of Income | $1,859,001 |
| Form 990 Revenue Amount | $81,113 |
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 | $19,237 | $50,091 | $49,913 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $33,312 | |||
| Dividends and interest from securities | $16,601 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $126,662 | $9,963 | $0 | $112,500 |
| Compensation of officers, directors, trustees, etc. | $4,199 | |||
| Total operating and administrative expenses | $14,162 | $9,963 | $0 | |
| Contributions, gifts, grants paid | $112,500 | |||
| Excess of revenue over expenses and disbursements | $-107,425 | |||
| Net investment income | $40,128 | |||
| Adjusted net income | $49,913 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,346,736 | $1,435,095 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $230,000 | |
| Investments-corporate stock | $482,321 | |
| Investments-corporate bonds | $346,555 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $-4,231 | |
| Other | $292,091 | |
| Total liabilities | $11,496 | |
| Mortgages and other notes payable | $0 | |
| Other | $11,496 | |
| Total liabilities and net assets/fund balances | $1,335,240 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-30,676 |
| 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 | $401 |
| Total credits and payments | $700 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $700 |
| 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 | $299 |
| Amount to be credited to 2013 estimated tax | $299 |
| 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 | $1,747,771 |
| Net value of noncharitable-use assets | $1,721,560 |
| Minimum investment return | $86,078 |
| Distributable Amount (for 2012) | |
| Distributable amount | $85,677 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $85,677 |
| 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 | Jaffrey-Gilmore Foundation, Jaffrey Civic Center | 40 Main St, Jaffrey, NH 03452-6144 | NH | 1965-04 | $137,229 |
| 2 | Jaffrey-Rindge Educational Foundation | 81 Fitzgerald Dr Unit 2, Jaffrey, NH 03452-6615 | NH | 2002-09 | $3,379 |
| 3 | Jaffrey-Rindge Memorial Ambulance Inc | PO BOX 107, Jaffrey, NH 03452-0107 | NH | 1993-08 | $584,947 |
| 4 | James E Whalley Museum Library | 351 Middle St, Portsmouth, NH 03801-5009 | NH | 1964-06 | $22,174 |
| 5 | James F Kelly And Fernande Kelly Charitable Tr | PO BOX 477, Concord, NH 03302-0477 | NH | 2007-03 | $50,651 |
| 6 | James G Martin Memorial Tr | 20 Church Road, Rye Beach, NH 03871 | NH | 1977-07 | $1,082,130 |
| 7 | James House Association Inc | PO BOX 234, Hampton, NH 03843-0234 | NH | 1995-03 | $6,610 |
| 8 | James Mastricola Upper Elementary Parent-Faculty Association | 26 Baboosic Lake Rd, Merrimack, NH 03054-3602 | NH | 2005-04 | $53,339 |
| 9 | James Parker Tr | C/O Rosalyn Calawa324 Charles Bancr, Litchfield, NH 03052 | NH | 1965-08 | $6,582 |
| 10 | Japan Society Of New Hampshire | 82 Court St, Portsmouth, NH 03801-4414 | NH | 1988-10 | $12,102 |
| 11 | Jason C Somerville Trust | PO BOX 299, Bethlehem, NH 03574-0299 | NH | 1974-03 | $1,859,001 |
| 12 | Jasper W & Catherine L Blandin Scholarship Tr | PO BOX 477, Concord, NH 03302-0477 | NH | 2001-05 | $105,094 |
| 13 | Jayme S Fund For Social Justicecharitable Trust, Caren B Lipkin Moore Ttee | PO BOX 25, East Derry, NH 03041-0025 | NH | 2007-02 | $36,527 |
| 14 | Jean Noble Neal Trust U W | PO BOX 477, Concord, NH 03302-0477 | NH | 2002-08 | $93,428 |
| 15 | Jeanette And Sidney Albert Founda- Tion Inc | 580 Ellsworth Hill Rd, Campton, NH 03223-4128 | NH | 1981-08 | $1,927 |
| 16 | Jeffrey L Schmidt Fellowship Charitable Trust | 248 Huntington Rd, Henniker, NH 03242-7329 | NH | 1991-08 | $19,170 |
| 17 | Jens Friends Cancer Foundation | PO BOX 1842, North Conway, NH 03860-1842 | NH | 1999-07 | $210,093 |
| 18 | Jewish Federation Of Greater Manchester | 698 Beech St, Manchester, NH 03104-3626 | NH | 1975-09 | $4,056,719 |
| 19 | John & Anna Newton Porter Foundation | PO BOX 325, Alton Bay, NH 03810-0325 | NH | 1974-09 | $1,351,586 |
| 20 | John A Hubbard & Carol A Hubbard Charitable Foundation, Hubbard John A & Carol A Ttees | PO BOX 533, Walpole, NH 03608-0533 | NH | 1999-07 | $107,282 |
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