Art Complex Inc in Duxbury, 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
| Art Complex Inc | |
| Employer Identification Number (EIN) | 046155696 |
| Name of Organization | Art Complex Inc |
| Address | PO BOX 2814, Duxbury, MA 02331-2814 |
| Activities | Museum, zoo, planetarium, etc., Art exhibit |
| Subsection | Educational Organization |
| Ruling Date | 10/1967 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $38,482,084 |
| Amount of Income | $6,311,105 |
| Form 990 Revenue Amount | $1,662,608 |
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 | $2,218,691 | $1,249,324 | $1,273,004 | |
| Contributions, gifts, grants, etc., received | $945,687 | |||
| Interest on savings and temporary cash investments | $72 | |||
| Dividends and interest from securities | $1,149,166 | |||
| Gross rents | $9,897 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $23,680 | |||
| Other | $90,189 | |||
| Total expenses and disbursements | $795,106 | $134,906 | $0 | $660,200 |
| Compensation of officers, directors, trustees, etc. | $94,000 | |||
| Total operating and administrative expenses | $795,106 | $134,906 | $660,200 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $1,423,585 | |||
| Net investment income | $1,114,418 | |||
| Adjusted net income | $1,273,004 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $35,949,643 | $35,949,643 |
| Cash - non-interest-bearing | $171,306 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $24,265,716 | |
| Other | $11,512,621 | |
| Total liabilities | $3,168 | |
| Mortgages and other notes payable | $3,168 | |
| Total liabilities and net assets/fund balances | $35,946,475 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $90,189 |
| 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 | $22,288 |
| Total credits and payments | $37,621 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $27,621 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $10,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $15,333 |
| Amount to be credited to 2013 estimated tax | $15,333 |
| 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? | Yes |
| 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 | $23,378,756 |
| Net value of noncharitable-use assets | $23,028,080 |
| Minimum investment return | $1,151,404 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $1,151,404 | $1,065,068 | $661,642 | $474,297 | $3,352,411 |
| Qualifying distributions made directly for active conduct of exempt activities | $660,200 | $643,456 | $623,146 | $791,057 | $2,717,859 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $767,603 | $749,288 | $618,252 | $437,874 | $2,573,017 |
| 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 | Armstrong Parent Group | 50 West St, Westborough, MA 01581-2530 | MA | 2003-02 | $42,248 |
| 2 | Arno And Roberta E Wagner Scholarship Fund | 370 Main St Ste 800, Worcester, MA 01608-1741 | MA | 2006-09 | $34,286 |
| 3 | Arnold And Ingrid Goulstoncharitable Foundation, Arnold Goulston Ttee | C/O Samet Company 1330 Boylston St, Chestnut Hill, MA 02467 | MA | 2006-08 | $52,036 |
| 4 | Arnold Garrison Charitable Foundation, Garrison Arnold & John M Cornish Tt | PO BOX 961019, Boston, MA 02196-1019 | MA | 1994-02 | $1,605,943 |
| 5 | Arnold Hall Inc | 1 Randall Street, No Pembroke, MA 02358 | MA | 1989-03 | $1,273,403 |
| 6 | Ars Inc | 224 Florence St Unit 12, Roslindale, MA 02131 | MA | 1979-11 | $3,149 |
| 7 | Arsenic Foundation Inc | 15 Bracebridge Road, Newton Centre, MA 02459 | MA | 2006-06 | $5,791 |
| 8 | Art And Creative Materials Institute Inc | PO BOX 24, Randolph, MA 02368-0024 | MA | 1937-08 | $1,232,421 |
| 9 | Art Barn Community Theater Inc | PO BOX 470504, Brookline, MA 02447-0504 | MA | 2000-01 | $407,460 |
| 10 | Art Because Inc | PO BOX 3025, Framingham, MA 01705-3025 | MA | 2000-07 | $197,012 |
| 11 | Art Complex Inc | PO BOX 2814, Duxbury, MA 02331-2814 | MA | 1967-10 | $6,311,105 |
| 12 | Art Connection Inc | 539 Tremont St, Boston, MA 02116-6306 | MA | 1996-10 | $255,317 |
| 13 | Art Interactive Inc | 68 Wenham St Ste 2, Jamaica Plain, MA 02130-4129 | MA | 2002-04 | $6,654 |
| 14 | Art Of Black Dance And Music The | 32 Cameron Ave, Somerville, MA 02144-2404 | MA | 1979-11 | $7,198 |
| 15 | Art Of Charity Foundation | 104 Crowell Rd, Chatham, MA 02633-1966 | MA | 1994-05 | $24,513 |
| 16 | Art Of Music Chamber Players Inc | 40 Parkvale Rd, Needham, MA 02492-4119 | MA | 2001-01 | $27,314 |
| 17 | Art Street Inc | 83 Church Street, Newton, MA 02458 | MA | 1991-12 | $57,870 |
| 18 | Artcorps Inc | 240 Old County Road, Ipswich, MA 01938 | MA | 2006-02 | $365,128 |
| 19 | Artemas W Stearns Tr | 9 Bartlet St Ste 343, Andover, MA 01810-3655 | MA | 1972-02 | $1,010,441 |
| 20 | Artemis Fund Inc | Po Box 674, Northampton, MA 01061 | MA | 1998-08 | $8,940 |
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