Dudley H And Sally S Willis Charitable Foundation, Willis Dudley & Sally Ttees in Boston, 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
| Dudley H And Sally S Willis Charitable Foundation, Willis Dudley & Sally Ttees | |
| Employer Identification Number (EIN) | 046719378 |
| Name of Organization | Dudley H And Sally S Willis Charitable Foundation |
| Secondary Name | Willis Dudley & Sally Ttees |
| In Care of Name | Ropes & Gray |
| Address | 50 Congress St Ste 800, Boston, MA 02109-4034 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $477,459 |
| Amount of Income | $122,427 |
| Form 990 Revenue Amount | $22,062 |
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 | $50,097 | $76,868 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $9,351 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $12,995 | |||
| Other | $27,751 | |||
| Total expenses and disbursements | $45,518 | $3,831 | $0 | $41,687 |
| Compensation of officers, directors, trustees, etc. | $503 | |||
| Total operating and administrative expenses | $14,418 | $3,831 | $10,587 | |
| Contributions, gifts, grants paid | $31,100 | |||
| Excess of revenue over expenses and disbursements | $4,579 | |||
| Net investment income | $73,037 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $453,907 | $672,769 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $250,417 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $121,302 | |
| Other | $82,188 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $453,907 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $27,751 |
| 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 | $730 |
| Total credits and payments | $2,100 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $600 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $1,500 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,370 |
| Amount to be credited to 2013 estimated tax | $1,370 |
| 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? | Yes |
| 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 | $686,835 |
| Net value of noncharitable-use assets | $676,540 |
| Minimum investment return | $33,827 |
| Distributable Amount (for 2012) | |
| Distributable amount | $33,097 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $33,097 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $16,416 |
| 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 | Drum Workshop Inc | PO BOX 2262, West Tisbury, MA 02575 | MA | 1995-12 | $85,918 |
| 2 | Ds High School Parent Organization Inc | 9 Junction Street, Dover, MA 02030 | MA | 2005-06 | $0 |
| 3 | Dts Charitable Foundation | 1484 Main St, Waltham, MA 02451-1623 | MA | 1989-02 | $52,198 |
| 4 | Du Bois Center Of American Historyand Culture Inc | 684 S Main St, Great Barrington, MA 01230-2156 | MA | 2006-10 | $37,400 |
| 5 | Dubai Harvard Foundation For Medical Research Inc | 401 Park Dr Ste 22, Boston, MA 02215-3325 | MA | 2006-04 | $1,842,991 |
| 6 | Dubarry Foundation | Goodwin Procter Llp Exchange Place, Boston, MA 02109 | MA | 1999-05 | $357,740 |
| 7 | Dublin Seminar For New England Folklife Inc | 249 Harrington Ave, Concord, MA 01742-4008 | MA | 1978-11 | $268 |
| 8 | Duck Meadow Recreation Association Inc | PO BOX 521, Eastham, MA 02642-0521 | MA | 1986-02 | $14,464 |
| 9 | Dudley Conservation Land Trust Inc | PO BOX 14, Dudley, MA 01571-0014 | MA | 2005-09 | $14,324 |
| 10 | Dudley Economic Empowerment Partners Inc | 27 Centre St, Roxbury, MA 02119-1509 | MA | 1996-11 | $1,177,463 |
| 11 | Dudley H And Sally S Willis Charitable Foundation, Willis Dudley & Sally Ttees | 50 Congress St Ste 800, Boston, MA 02109-4034 | MA | 1993-01 | $122,427 |
| 12 | Dudley Little League | PO BOX 202, Dudley, MA 01571-0202 | MA | 2006-01 | $52,676 |
| 13 | Dudley Neighbors Incorporated | 504 Dudley St, Roxbury, MA 02119-2767 | MA | 1991-01 | $371,141 |
| 14 | Dudley Pond Associates Inc | PO BOX 5114, Wayland, MA 01778-6114 | MA | 1997-06 | $22,595 |
| 15 | Dudley Pto | 70 Dudley Oxford Rd, Dudley, MA 01571-6116 | MA | 1997-02 | $80,792 |
| 16 | Dudley Street Neighborhood Initiative Inc | 504 Dudley Street, Roxbury, MA 02119-2732 | MA | 1986-12 | $2,061,206 |
| 17 | Dudley Youth Soccer League Inc | PO BOX 74, Dudley, MA 01571-0074 | MA | 1988-02 | $54,799 |
| 18 | Duffy Health Center Inc | 94 Main Street, Hyannis, MA 02601-3146 | MA | 1997-09 | $5,421,686 |
| 19 | Dukes County Savings Charitable Foundation Inc | PO BOX 1069, Edgartown, MA 02539-1069 | MA | 2005-03 | $666,380 |
| 20 | Dump & Run Inc | PO BOX 397 8 CENTRAL STREET, Brookfield, MA 01506 | MA | 2001-10 | $0 |
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