Iorio Charitable Foundation, Sumner B Tilton Per Rep in Worcester, 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
| Iorio Charitable Foundation, Sumner B Tilton Per Rep | |
| Employer Identification Number (EIN) | 046745180 |
| Name of Organization | Iorio Charitable Foundation |
| Secondary Name | Sumner B Tilton Per Rep |
| Address | 370 Main St 12th Fl, Worcester, MA 01608-1723 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,829,350 |
| Amount of Income | $448,588 |
| Form 990 Revenue Amount | $175,749 |
| National Taxonomy of Exempt Entities (NTEE) | Crime, Legal-Related: Crime, Legal Related (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 | $123,231 | $123,231 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $31,146 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $92,085 | |||
| Total expenses and disbursements | $105,272 | $4,264 | $0 | $96,495 |
| Compensation of officers, directors, trustees, etc. | $6,869 | |||
| Total operating and administrative expenses | $15,272 | $4,264 | $6,495 | |
| Contributions, gifts, grants paid | $90,000 | |||
| Excess of revenue over expenses and disbursements | $17,959 | |||
| Net investment income | $118,967 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,846,194 | $1,975,107 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,763,608 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $82,586 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,846,194 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $92,085 |
| 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 | $1,190 |
| Total credits and payments | $900 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $900 |
| 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 | $4 |
| Tax due | $294 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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 | $1,984,841 |
| Net value of noncharitable-use assets | $1,955,060 |
| Minimum investment return | $97,753 |
| Distributable Amount (for 2012) | |
| Distributable amount | $96,563 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $96,563 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $90,041 |
| 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 | Italian Greyhound Rescue Foundation Inc | 7 Damon St, North Reading, MA 01864-2210 | MA | 2004-10 | $375,590 |
| 2 | Japanese Are Society Of America Inc | PO BOX 524, Harwich Port, MA 02646-0524 | MA | 1975-03 | $149,468 |
| 3 | Jerolamon Charitable Tr, Edmondson Robert J Et Al Ttee | 31 Morton Rd, Arlington, MA 02476-7921 | MA | 1999-12 | $2,503 |
| 4 | Jessie Ridley Foundation Inc | 15 Jason Terrace, Arlington, MA 02476-6412 | MA | 1974-06 | $52,114 |
| 5 | John And Eileen Mccarthy Charitable Tr | 25 Main St, Lenox, MA 01240-2311 | MA | 2005-09 | $70,804 |
| 6 | John And Frances Strachan Charitable Foundation | 221 Ide Rd, Williamstown, MA 01267-2801 | MA | 2000-02 | $400,809 |
| 7 | Julian Reiss Foundation | 17 Ridgeway Ln, Boston, MA 02114-4206 | MA | 1962-08 | $174,614 |
| 8 | International Society For Heart Research American Section Inc | 221 Longwood Ave Room 255, Boston, MA 02115-5804 | MA | 1973-05 | $38,198 |
| 9 | James & Ethel Walker Charitable Tr 010300, Kaplan Jerome Ttee | 125a Seminary Ave Apt 133, Auburndale, MA 02466-2664 | MA | 2003-02 | $17,624 |
| 10 | World Federation Of Jewish Child Survivors Of The Holocaust | C/O I Kot 67 S Bedford St, Burlington, MA 01803 | MA | 1992-09 | $200,242 |
| 11 | Iorio Charitable Foundation, Sumner B Tilton Per Rep | 370 Main St 12th Fl, Worcester, MA 01608-1723 | MA | 1996-04 | $448,588 |
| 12 | Italian American War Veterans Of The Us Inc, Natl Dept | 138 Bridge St, Beverly, MA 01915-2821 | MA | 1947-07 | $17,727 |
| 13 | John J Shaughnessy Charitable Tr Dtd 090188, Fuller Alfred W Et Al Ttee | 346 D St, South Boston, MA 02127-1225 | MA | 1990-05 | $1,069,262 |
| 14 | John M Sawyer Memorial Trust | PO BOX 55806, Boston, MA 02205-5806 | MA | 1990-02 | $102,580 |
| 15 | International Society Of Bone And Soft Tissue Pathology Inc | 55 Fruit St, Boston, MA 02114 | MA | 2004-05 | $0 |
| 16 | Joint Review Committee On Education In Cardiovascular Technology Inc | 1449 Hill St, Whitinsville, MA 01588-1032 | MA | 1987-11 | $166,500 |
| 17 | International Technology Law Association Inc | 401 Edgewater Place, Wakefield, MA 01880-6201 | MA | 1973-09 | $957,471 |
| 18 | International Union Of Toxicology Incorporated | 31 Milk St, Boston, MA 02109-5104 | MA | 1985-09 | $115,353 |
| 19 | International Society Of Hotel Association Executives | 374 Marlborough St, Boston, MA 02115-1575 | MA | 1981-10 | $144,091 |
| 20 | International Society For Ecological Economics | 15 River Street, Boston, MA 02108-3409 | MA | 1991-08 | $67,406 |
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