The Ricbac Foundation in Charlestown, 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
| The Ricbac Foundation | |
| Employer Identification Number (EIN) | 042660137 |
| Name of Organization | The Ricbac Foundation |
| In Care of Name | Kurt J Issebacher |
| Address | PO BOX 290088, Charlestown, MA 02129-0202 |
| Activities | Scientific research (diseases), Other medical research |
| Subsection | Charitable Organization |
| Ruling Date | 02/1979 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $50,000,000 to greater |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $68,933,099 |
| Amount of Income | $7,516,370 |
| Form 990 Revenue Amount | $477,019 |
| National Taxonomy of Exempt Entities (NTEE) | Medical Research: Cancer Research |
Non-representatives - add comments:
Amount of income in 2013: $7,516,370 (it was $68,615,565 in 2012)
| This organization: | $7,516,370 |
| Other organizations performing similar types of work: | $398,614 |
Assets in 2013: $68,933,099 (it was $68,863,142 in 2012)
| The Ricbac Foundation: | $68,933,099 |
| Other organizations performing similar types of work: | $499,978 |
Expenses in 2012: $307,452
| This organization: | $307,452 |
| Other organizations performing similar types of work: | $274,965 |
Income to expenses ratio in 2012: 24.4
| This organization: | 24.4 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2012: 100.5%
| The Ricbac Foundation: | 100.5% |
| Other organizations performing similar types of work: | 84.1% |
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 | $64,438,829 | $254,574 | $0 | |
| Contributions, gifts, grants, etc., received | $64,737,279 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $254,574 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $307,452 | $46,384 | $0 | $256,029 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $107,452 | $46,384 | $56,029 | |
| Contributions, gifts, grants paid | $200,000 | |||
| Excess of revenue over expenses and disbursements | $64,131,377 | |||
| Net investment income | $208,190 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $68,863,142 | $68,854,573 |
| Cash - non-interest-bearing | $75,909 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $3,781,588 | |
| Other | $65,005,645 | |
| Total liabilities | $64,648 | |
| Mortgages and other notes payable | $0 | |
| Other | $64,648 | |
| Total liabilities and net assets/fund balances | $68,798,494 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-553,024 |
| 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 | $4,164 |
| Total credits and payments | $2,284 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,284 |
| 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 | $29 |
| Tax due | $1,909 |
| 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 | $6,657,814 |
| Net value of noncharitable-use assets | $6,557,940 |
| Minimum investment return | $327,897 |
| Distributable Amount (for 2012) | |
| Distributable amount | $323,733 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $323,733 |
| 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 | The Ricbac Foundation | PO BOX 290088, Charlestown, MA 02129-0202 | MA | 1979-02 | $7,516,370 |
| 2 | The Carmage And Martha Ann Walls Foundation | 5701 Woodway Dr Ste 131, Houston, TX 77057-1589 | TX | 2000-10 | $2,322,504 |
| 3 | Sbarro Health Research Organization Inc | 1900 N 12th St Ste 431, Philadelphia, PA 19122-6017 | PA | 1995-02 | $1,289,686 |
| 4 | Ryan Hill Research Foundation | 7023 174th St Sw, Edmonds, WA 98026-5228 | WA | 1978-03 | $495,427 |
| 5 | Vanguard Cancer Foundation | 750 E 29th St, Long Beach, CA 90806-1712 | CA | 1995-07 | $488,810 |
| 6 | National Immunotherapy Cancer Research Foundation Inc | PO BOX 272, Flemington, NJ 08822-0272 | NJ | 1990-12 | $398,614 |
| 7 | The Greenberg Breast Cancer Research Foundation Inc | 16 E 98th St Ofc 1e, New York, NY 10029-6549 | NY | 1982-09 | $166,717 |
| 8 | Karin Grunebaum Cancer Research Foundation | 85 Sherman St Apt 8, Cambridge, MA 02140-3299 | MA | 1962-05 | $82,876 |
| 9 | The National Coalition For Cancer Research | 7701 Burholme Ave, Philadelphia, PA 19111-2437 | PA | 1990-10 | $53,264 |
| 10 | Syracuse Cancer Research Institute Inc | 600 E Genesee St, Syracuse, NY 13202-3130 | NY | 1966-03 | $51,737 |
| 11 | International Cancer Alliance For Research And Education, Icare | 4601b Lynn Burke Road, Monrovia, MD 21770 | MD | 1985-03 | $22,025 |
| 12 | The I Brodsky Institute For Blood Diseases And Cancer | 245 N 15th St Msc 412, Philadelphia, PA 19102-1101 | PA | 1978-10 | $13,046 |
| 13 | Puget Sound Oncology Consortium | 1100 Fairview Ave N, Seattle, WA 98109-4433 | WA | 1985-05 | $38 |
| 14 | Cancer Research Coalition Inc | 4600 E West Hwy Ste 525, Bethseda, MD 20814-6900 | MD | 1998-02 | $0 |
| 15 | Cittcon Inc | 1134 S Shasta St, West Covina, CA 91791-3614 | CA | 1995-04 | $0 |
| 16 | Freeport Regional Health Care Services | 1045 W Stephenson St, Freeport, IL 61032-4864 | IL | 1996-02 | $0 |
| 17 | Gynecological Oncology Alert | 8700 Beverly Blvd Ste 1740, Los Angeles, CA 90048-1804 | CA | 1995-06 | $0 |
| 18 | Lung Cancer Institute Of Colorado | 2045 Ash St, Denver, CO 80207 | CO | 1990-04 | $0 |
| 19 | Memorial Sloan-Kettering Cancer Center, Sloan-Kettering Inst For Cancer Res | 1275 York Ave, New York, NY 10065-6007 | NY | 1962-01 | $0 |
| 20 | Michigan Cancer Pain Initiative | 34437 Cowan, Westland, MI 48185 | MI | 1996-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 64 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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