Bristol County Savings Charitable Foundation Inc in Taunton, 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
- Organizations performing similar types of work
| Bristol County Savings Charitable Foundation Inc | |
| Employer Identification Number (EIN) | 043332966 |
| Name of Organization | Bristol County Savings Charitable Foundation Inc |
| Address | 35 Broadway, Taunton, MA 02780-3191 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $7,230,172 |
| Amount of Income | $4,369,388 |
| Form 990 Revenue Amount | $944,964 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: |
Non-representatives - add comments:
Amount of income in 2013: $4,369,388 (it was $3,666,837 in 2012)
| Bristol County Savings Charitable Foundation Inc: | $4,369,388 |
| Other organizations performing similar types of work: | $121,978 |
Assets in 2013: $7,230,172 (it was $6,988,556 in 2012)
| This organization: | $7,230,172 |
| Other organizations performing similar types of work: | $418,155 |
Expenses in 2012: $1,174,195
| This organization: | $1,174,195 |
| Other organizations performing similar types of work: | $56,228 |
Income to expenses ratio in 2012: 3.7
| Bristol County Savings Charitable Foundation Inc: | 3.7 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2012: 30.4%
| Bristol County Savings Charitable Foundation Inc: | 30.4% |
| Other organizations performing similar types of work: | 7.1% |
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 | $1,014,739 | $706,739 | $238,741 | |
| Contributions, gifts, grants, etc., received | $308,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $238,741 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $467,998 | |||
| Total expenses and disbursements | $1,174,195 | $46,208 | $0 | $1,118,981 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $55,284 | $46,208 | $70 | |
| Contributions, gifts, grants paid | $1,118,911 | |||
| Excess of revenue over expenses and disbursements | $-159,456 | |||
| Net investment income | $660,531 | |||
| Adjusted net income | $238,741 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $6,988,556 | $6,988,556 |
| Cash - non-interest-bearing | $397 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $6,923,968 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $64,191 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $6,988,556 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $467,998 |
| 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 | $6,605 |
| Total credits and payments | $6,605 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,040 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $1,565 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | 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 | $6,887,428 |
| Net value of noncharitable-use assets | $6,784,120 |
| Minimum investment return | $339,206 |
| Distributable Amount (for 2012) | |
| Distributable amount | $332,601 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $332,601 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Bristol County Savings Charitable Foundation Inc | 35 Broadway, Taunton, MA 02780-3191 | MA | 1996-12 | $4,369,388 |
| 2 | United Way Of The Black Hills | 621 6th St Ste 100, Rapid City, SD 57701-2745 | SD | 1959-09 | $4,245,504 |
| 3 | Robert Trent Jones Golf Trail Foundation | 167 Sunbelt Pkwy, Birmingham, AL 35211-5959 | AL | 1998-03 | $2,412,947 |
| 4 | Katherine L W And Winthrop M Crane Foundation | 160 Federal St Fl 20, Boston, MA 02110-1700 | MA | 1996-12 | $364,415 |
| 5 | Penny Smith Novick Foundation Inc | 2727 S Ocean Blvd Apt 1205, Highland Bch, FL 33487-1843 | FL | 1997-05 | $121,736 |
| 6 | Bcms Foundation Tr, Hamel Louis H Jr Ttee | 60 Gore St, Cambridge, MA 02141-1278 | MA | 1996-12 | $43,900 |
| 7 | South Brunswick Public Library Foundation Incorporated | 110 Kingston Ln, Monmouth Jct, NJ 08852-3005 | NJ | 1996-11 | $37,826 |
| 8 | Lunenburg Music Aiders Incorporated | PO BOX 92, Lunenburg, MA 01462-0092 | MA | 1993-10 | $23,061 |
| 9 | The@daniel And Suzanne Penni Supporting Organization, Penni Daniel Ttee | PO BOX 47, W Barnstble, MA 02668-0047 | MA | 1998-12 | $250 |
| 10 | Brian J Mclaughlin Private Foundation, Mahar Natalie D Ttee | PO BOX 519, W Bridgewater, MA 02379-0519 | MA | 1996-12 | $3 |
| 11 | Carl A Scarpitti Foundation | 266 E Michigan Ave, Sebring, OH 44672 | OH | 1998-05 | $0 |
| 12 | Doris Dweck Memorial Fund | 39 W 14th St Ste 304, New York, NY 10011-7405 | NY | 1998-05 | $0 |
| 13 | Friends Of The Wayne Co Public Lib | 1406 Main Street, Honesdale, PA 18431 | PA | 1996-06 | $0 |
| 14 | Penny Bear Company Inc | 6 Elmwood Road, Marblehead, MA 01945 | MA | 1997-07 | $0 |
| 15 | Princess Elizabeth Of Yugoslavia Foundation Inc | Po Box 2306, Livingston, NJ 07039 | NJ | 1992-06 | $0 |
| 16 | Slavic Foundation | 3382 164th St, Flushing, NY 11358-1442 | NY | 1993-09 | $0 |
| 17 | South Arundel Club Inc Co Dorothy Atkinson | 4909 E Chalk Point Rd, West River, MD 20778 | MD | 1998-07 | $0 |
| 18 | Springville Presbyterian Church Foundation Inc | Po Box 429, Springville, AL 35146 | AL | 1998-03 | $0 |
| 19 | St Therese Charitable Services Inc | 8000 Bass Lake Rd, New Hope, MN 55428-3118 | MN | 1984-03 | $0 |
| 20 | Winnebago County Association Of The Blind | Po Box 5944, Rockford, IL 61125 | IL | 1997-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||
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| Total | 35 | ||||||||||||||||||||||||||||||||
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