Forges Farm Inc 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
- Organizations performing similar types of work
| Forges Farm Inc | |
| Employer Identification Number (EIN) | 043572545 |
| Name of Organization | Forges Farm Inc |
| In Care of Name | Nathan Withington |
| Address | 53 State St 39th Fl, Boston, MA 02109-2809 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 05/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,020,019 |
| Amount of Income | $363,264 |
| Form 990 Revenue Amount | $146,137 |
| National Taxonomy of Exempt Entities (NTEE) | Environmental Quality, Protection and Beautification: Land Resources Conservation |
Non-representatives - add comments:
Amount of income in 2013: $363,264 (it was $110,705 in 2012)
| Forges Farm Inc: | $363,264 |
| Other organizations performing similar types of work: | $363,264 |
Assets in 2013: $1,020,019 (it was $816,548 in 2012)
| This organization: | $1,020,019 |
| Other organizations performing similar types of work: | $1,020,019 |
Expenses in 2012: $32,169
| Forges Farm Inc: | $32,169 |
| Other organizations performing similar types of work: | $120,648 |
Income to expenses ratio in 2012: 11.3
| Forges Farm Inc: | 11.3 |
| Other organizations performing similar types of work: | 2.9 |
Grants share in income in 2012: 94.8%
| Forges Farm Inc: | 94.8% |
| Other organizations performing similar types of work: | 92.5% |
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 | $110,705 | $5,705 | $0 | |
| Contributions, gifts, grants, etc., received | $105,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $5,705 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $32,169 | $0 | $0 | $32,169 |
| Compensation of officers, directors, trustees, etc. | $2,500 | |||
| Total operating and administrative expenses | $7,169 | $0 | $7,169 | |
| Contributions, gifts, grants paid | $25,000 | |||
| Excess of revenue over expenses and disbursements | $78,536 | |||
| Net investment income | $5,705 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $816,548 | $893,189 |
| Cash - non-interest-bearing | $15,898 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $366,145 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $434,505 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $816,548 | |
| 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 | $57 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $57 |
| 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 | $595,109 |
| Net value of noncharitable-use assets | $586,180 |
| Minimum investment return | $29,309 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Palladium Foundation | 2223 S Highland Dr E6 133, Salt Lake City, UT 84106-3672 | UT | 2004-01 | $17,526,506 |
| 2 | Land For Good Inc | PO BOX 825, Keene, NH 03431-0825 | NH | 2007-01 | $738,183 |
| 3 | Forges Farm Inc | 53 State St 39th Fl, Boston, MA 02109-2809 | MA | 2002-05 | $363,264 |
| 4 | Woodie Wheaton Land Trust | 2 Grove Rd, Frst City Twp, ME 04413-4202 | ME | 1996-05 | $349,366 |
| 5 | Greenville Economic Preservation Society | Po Box 567, Greenville, GA 30222 | GA | 2006-01 | $34,687 |
| 6 | Concerned Citizens For Corrales Inc | 7200 Corrales Road, Corrales, NM 87048 | NM | 2009-03 | $0 |
| 7 | Shovel Brigade | 491 4th St, Elko, NV 89801-3133 | NV | 2003-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||
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| Total | 7 | ||||||||||||||
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