Domar Foundation Inc in Waltham, 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
| Domar Foundation Inc | |
| Employer Identification Number (EIN) | 043471271 |
| Name of Organization | Domar Foundation Inc |
| Address | 130 2nd Ave, Waltham, MA 02451-1100 |
| Subsection | Scientific Organization, Charitable Organization |
| Ruling Date | 02/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $52,235 |
| Amount of Income | $6,735 |
| Form 990 Revenue Amount | $8,902 |
| National Taxonomy of Exempt Entities (NTEE) | Medical Research: Specific Organ Research |
Non-representatives - add comments:
Amount of income in 2013: $6,735 (it was $8,557 in 2012)
| Domar Foundation Inc: | $6,735 |
| Other organizations performing similar types of work: | $93,268 |
Assets in 2013: $52,235 (it was $51,719 in 2012)
| This organization: | $52,235 |
| Other organizations performing similar types of work: | $91,151 |
Expenses in 2012: $20,605
| This organization: | $20,605 |
| Other organizations performing similar types of work: | $170,472 |
Income to expenses ratio in 2012: 0.3
| This organization: | 0.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 58.5%
| This organization: | 58.5% |
| Other organizations performing similar types of work: | 97.7% |
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 | $8,550 | $146 | $3,404 | |
| Contributions, gifts, grants, etc., received | $5,000 | |||
| Interest on savings and temporary cash investments | $146 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $3,404 | |||
| Gross sales less returns and allowances | $3,397 | |||
| Less: Cost of goods sold | $7 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $20,605 | $0 | $0 | $14,225 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $20,130 | $0 | $13,750 | |
| Contributions, gifts, grants paid | $475 | |||
| Excess of revenue over expenses and disbursements | $-12,055 | |||
| Net investment income | $146 | |||
| Adjusted net income | $3,404 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $51,719 | $51,719 |
| Cash - non-interest-bearing | $51,689 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $30 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $51,719 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $1 |
| 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 | $58,716 |
| Net value of noncharitable-use assets | $57,840 |
| Minimum investment return | $2,892 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,891 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,891 |
| 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 | Systemic Lupus International Collaborating Clinics | 320 E North Ave, Pittsburgh, PA 15212-4756 | PA | 2010-02 | $462,746 |
| 2 | San Diego Regenerative Medicine Institute | 4539 Donald Ave, San Diego, CA 92117 | CA | 2011-11 | $388,830 |
| 3 | Vanguard Urologic Research Foundation | 6400 Fannin St Ste 2300, Houston, TX 77030-1527 | TX | 2008-04 | $285,533 |
| 4 | Society Of Facet Surgical Techniques And Technologies Inc | 227 Fortuna Dr, Palm Bch Gdns, FL 33410-4317 | FL | 2009-11 | $115,000 |
| 5 | Foundation For Advances In Therapeutics And Prevention | 451 N Texas Ave, Webster, TX 77598-4927 | TX | 2008-09 | $93,268 |
| 6 | Tissue Engineering Society Inc | 206 S Linden Ave, Pittsburgh, PA 15208-2647 | PA | 1996-03 | $83,617 |
| 7 | Global Disease Research | 1901 Norwood Dr, Hurst, TX 76054 | TX | 2013-09 | $77,160 |
| 8 | Cgat Research Foundation Inc | 46 Morton St, Needham, MA 02494-1204 | MA | 2012-04 | $40,000 |
| 9 | Publishing For Vision & Hearing Inc | 24 West 24th Street, New York, NY 10010 | NY | 2011-09 | $26,078 |
| 10 | Vision For A Cure Inc | 165 Bigelow Rd, Newton, MA 02465 | MA | 2014-08 | $23,785 |
| 11 | Hrdl Inc | 6310 Granada Way, San Antonio, TX 78257-1733 | TX | 2005-05 | $8,000 |
| 12 | The Difference Principle Foundation | 6208 S Oswego Ave, Tulsa, OK 74136-1531 | OK | 2005-05 | $7,011 |
| 13 | Domar Foundation Inc | 130 2nd Ave, Waltham, MA 02451-1100 | MA | 2002-02 | $6,735 |
| 14 | Rosacea Research And Development Institute | Po Box 7450, Hilo, HI 96720 | HI | 2006-01 | $639 |
| 15 | 700 For Science Charitable Foundation | 915 S Pine St, Georgetown, TX 78626-6022 | TX | 2014-11 | $0 |
| 16 | Allosource International Inc | 6278 S Troy Circle, Centennial, CO 80111 | CO | 2009-03 | $0 |
| 17 | Breath Of Life Decisions Inc | 10408 Woodlawn Blvd, Upper Marlboro, MD 20774 | MD | 1994-12 | $0 |
| 18 | Capital City Organic Gardeners | 44 Millstone Drive, Concord, NH 03301 | NH | 2011-07 | $0 |
| 19 | Coalition Of Skin Diseases | 4301 Connecticut Avenue Nw, Washington, DC 20008 | DC | 2009-02 | $0 |
| 20 | Orphan Biologics Institute Inc | Lincoln Plaza 89 S Ste Ste 700, Boston, MA 02108 | MA | 1996-06 | $0 |
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