Egan Family Foundation, Egan Michael J Ttee in Westborough, 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
| Egan Family Foundation, Egan Michael J Ttee | |
| Employer Identification Number (EIN) | 043211653 |
| Name of Organization | Egan Family Foundation |
| Secondary Name | Egan Michael J Ttee |
| In Care of Name | Gilmore Rees & Carlson Pc |
| Address | 116 Flanders Rd Ste 2000, Westborough, MA 01581-1072 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,507,496 |
| Amount of Income | $2,772,895 |
| Form 990 Revenue Amount | $121,042 |
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 | $279,976 | $279,976 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $19 | |||
| Dividends and interest from securities | $92,162 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $187,795 | |||
| Total expenses and disbursements | $939,320 | $88,349 | $0 | $850,971 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $189,357 | $88,349 | $101,008 | |
| Contributions, gifts, grants paid | $749,963 | |||
| Excess of revenue over expenses and disbursements | $-659,344 | |||
| Net investment income | $191,627 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,467,521 | $5,865,673 |
| Cash - non-interest-bearing | $327,278 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $3,482,208 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,565,022 | |
| Other | $93,013 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $5,467,521 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $187,795 |
| 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 | $1,916 |
| Total credits and payments | $8,680 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $8,680 |
| 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 | $0 |
| Tax due | $0 |
| Overpayment | $6,764 |
| Amount to be credited to 2013 estimated tax | $6,764 |
| 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 | $6,138,231 |
| Net value of noncharitable-use assets | $6,046,160 |
| Minimum investment return | $302,308 |
| Distributable Amount (for 2012) | |
| Distributable amount | $300,392 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $300,392 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Edwin Prescott Scouthouse Charitable Trust, William Groves Treasurer | 51 Melrose St, Arlington, MA 02474-8503 | MA | 2000-02 | $8,856 |
| 2 | Edwin S And Ruth M White Fund 0082853, Ward Richard P Ttee | 800 Boyston St, Boston, MA 02199-8001 | MA | 1996-08 | $555,525 |
| 3 | Edwin S Farmer Tr Uw, Worden John L Iii Ttee | 50 Congress St Ste 925, Boston, MA 02109-4075 | MA | 1971-10 | $98,397 |
| 4 | Edwin S Webster Foundation, Harris Henry U Iii Ttee | C/O Gma Foundations 77 Summer St No, Boston, MA 02110 | MA | 1949-09 | $11,742,905 |
| 5 | Eel River Beach Club | 168 Old Sandwich Rd, Plymouth, MA 02360-2507 | MA | 1946-07 | $263,310 |
| 6 | Eel River Watershed Association Ltd | 128 Sandwich Rd, Plymouth, MA 02360-2514 | MA | 1998-04 | $5,000 |
| 7 | Ees Arts Inc | 39 Eliot St, Jamaica Plain, MA 02130-2751 | MA | 2003-01 | $35,806 |
| 8 | Plugged In Band Program Inc | 146 Warren St, Needham, MA 02492-3029 | MA | 2005-05 | $363,720 |
| 9 | Ef Intercultural Foundation Inc | 8 Education St, Cambridge, MA 02141-1968 | MA | 1993-05 | $13,036,928 |
| 10 | Eg & G Technical Services Health And Welfare Benefits Trust | PO BOX 5100, Boston, MA 02206-5100 | MA | 2003-04 | $40,486,543 |
| 11 | Egan Family Foundation, Egan Michael J Ttee | 116 Flanders Rd Ste 2000, Westborough, MA 01581-1072 | MA | 1994-05 | $2,772,895 |
| 12 | Egan Flanagan And Cohen Foundation Tr, Bagley John G Ttee | PO BOX 9035, Springfield, MA 01102-9035 | MA | 1994-11 | $3,800 |
| 13 | Egleston Square Main Streets | 3134 Washington St, Roxbury, MA 02119-3115 | MA | 1997-12 | $70,116 |
| 14 | Eglise Des Elus Inc, Eglise Des Elus | 44 Evans St, Dorchester, MA 02124-4325 | MA | 2008-03 | $0 |
| 15 | Egoart Inc | 97 Pennsylvania Ave, Somerville, MA 02145 | MA | 2003-02 | $28,206 |
| 16 | Egremont Fire Company Inc | 223 Egremont Plain Road 522, Egremont, MA 01230-2284 | MA | 1994-03 | $42,501 |
| 17 | Egremont Land Trust Inc | PO BOX 132, S Egremont, MA 01258-0132 | MA | 1988-01 | $146,475 |
| 18 | Eight Lights Inc, Camp Menorah | 3 Bessom Street 158, Marblehead, MA 01945-2372 | MA | 2003-10 | $233,555 |
| 19 | Eight Point Sportmens Club Of Sterling | PO BOX 235, Sterling, MA 01564-0235 | MA | 1998-05 | $101,383 |
| 20 | Eighth Association Properties Inc | 995 Worthington St, Springfield, MA 01109-4027 | MA | 1994-11 | $34,784 |
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