Ernest & Anna Torbet Scholarship Fund in Northampton, 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
| Ernest & Anna Torbet Scholarship Fund | |
| Employer Identification Number (EIN) | 046539428 |
| Name of Organization | Ernest & Anna Torbet Scholarship Fund |
| In Care of Name | Benjamin Barnes Pc |
| Address | 64 Gothic St Ste 6, Northampton, MA 01060-3042 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1989 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $48,945 |
| Amount of Income | $10,795 |
| Form 990 Revenue Amount | $1,166 |
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 | $1,318 | $1,318 | $1,105 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,105 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $213 | |||
| Total expenses and disbursements | $9,373 | $538 | $538 | $4,538 |
| Compensation of officers, directors, trustees, etc. | $1,000 | |||
| Total operating and administrative expenses | $5,373 | $538 | $538 | |
| Contributions, gifts, grants paid | $4,000 | |||
| Excess of revenue over expenses and disbursements | $-8,055 | |||
| Net investment income | $780 | |||
| Adjusted net income | $567 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $47,620 | $47,620 |
| Cash - non-interest-bearing | $216 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $47,404 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $47,620 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $213 |
| 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 | $16 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $16 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| 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 | $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 | Equinox Music Festival Inc | PO BOX 390675, Cambridge, MA 02139-0008 | MA | 2002-05 | $27,403 |
| 2 | Equity Trust Inc | PO BOX 746, Amherst, MA 01004-0746 | MA | 1997-07 | $1,284,713 |
| 3 | Equus Therapeutic Inc | PO BOX 1654, Lanesboro, MA 01237-1654 | MA | 1994-10 | $69,032 |
| 4 | Erdman Family School Inc | 330 First Parish Rd, Scituate, MA 02066-3859 | MA | 1977-03 | $283,003 |
| 5 | Eric And Edith Siday Charitable Foundation | Esq 6 Beacon St No, Boston, MA 02108 | MA | 1998-01 | $226,991 |
| 6 | Eric Carle Museum Of Picture Book Art Inc | 125 W Bay Rd, Amherst, MA 01002-3357 | MA | 2001-09 | $2,789,176 |
| 7 | Eric J Drobinski Memorial Scholarship Fund | 94 Woodside Rd, Sudbury, MA 01776-3432 | MA | 2005-03 | $730 |
| 8 | Eric T Hill Foundation Inc | 10 Aurelie Lane, Dracut, MA 01826 | MA | 2003-07 | $10,210 |
| 9 | Erie Fire Association Number Four | PO BOX 133, Georgetown, MA 01833-0133 | MA | 1982-08 | $40,182 |
| 10 | Eritrean Community Center Inc | 590 Shawmut Avenue, Roxbury, MA 02118 | MA | 2000-10 | $53,107 |
| 11 | Ernest & Anna Torbet Scholarship Fund | 64 Gothic St Ste 6, Northampton, MA 01060-3042 | MA | 1989-05 | $10,795 |
| 12 | Ernest F Upham Parent Teacher Organization Pto | E F Upham School 35 Wynnewood Rd, Wellesley, MA 02481 | MA | 1995-08 | $65,575 |
| 13 | Ernest Fortin Memorial Foundation Inc | 15 Front St, Salam, MA 01970-3707 | MA | 2001-07 | $38,452 |
| 14 | Ernest G Howes Tr Fbo Sick & Needy Persons | PO BOX 51400, Boston, MA 02205-1400 | MA | 1972-09 | $39,635 |
| 15 | Ernest H & Helen D Bailey Memorial Tr, Shiff D E & R M Shiff Ttees | PO BOX 161, Norwell, MA 02061-0161 | MA | 1993-08 | $3,303,386 |
| 16 | Ernie Clair Family Foundation Inc | 11 Haven Rd, Medfield, MA 02052-2804 | MA | 2006-03 | $43 |
| 17 | Esb Charitable Tr, Burt Ellen & Stuart Ttee | 186 Alewife Brook Pkwy Ste 200, Cambridge, MA 02138-1134 | MA | 2000-03 | $778,801 |
| 18 | Eskandarian Family Charitable Foundation Trust | C/O The Colony Group 2 Atlantic Ave, Boston, MA 02110 | MA | 1989-03 | $1 |
| 19 | Esmond Harmsworth 1997 Charitable Foundation, Harmsworth Esmond Ttee | 545 Boylston Street, Boston, MA 02116-3606 | MA | 1997-08 | $698,334 |
| 20 | Esp Of Jamaica Plain | 10 Gove St, E Boston, MA 02128-1920 | MA | 1995-06 | $1 |
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