George I Alden Trust in Worcester, 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Massachusetts
| George I Alden Trust | |
| Employer Identification Number (EIN) | 046023784 |
| Name of Organization | George I Alden Trust |
| In Care of Name | Fletcher Tilton & Whipple |
| Address | 370 Main St 12th Flr, Worcester, MA 01608-1723 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Educational Organization |
| Ruling Date | 10/1981 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $50,000,000 to greater |
| Income | $50,000,000 to greater |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $135,485,494 |
| Amount of Income | $52,037,473 |
| Form 990 Revenue Amount | $7,231,589 |
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 | $5,236,807 | $5,236,807 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $3,694,740 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $170,344 | |||
| Other | $1,371,723 | |||
| Total expenses and disbursements | $8,277,350 | $795,077 | $0 | $7,442,105 |
| Compensation of officers, directors, trustees, etc. | $522,312 | |||
| Total operating and administrative expenses | $1,102,350 | $795,077 | $267,105 | |
| Contributions, gifts, grants paid | $7,175,000 | |||
| Excess of revenue over expenses and disbursements | $-3,040,543 | |||
| Net investment income | $4,441,730 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $126,596,513 | $167,778,909 |
| Cash - non-interest-bearing | $3,661,703 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $108,878,165 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $14,056,645 | |
| Total liabilities | $2,419,000 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,419,000 | |
| Total liabilities and net assets/fund balances | $124,177,513 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,371,723 |
| 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 | $88,835 |
| Total credits and payments | $90,213 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $90,213 |
| 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 | $215 |
| Tax due | $0 |
| Overpayment | $1,163 |
| Amount to be credited to 2013 estimated tax | $1,163 |
| 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? | 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 | $162,620,938 |
| Net value of noncharitable-use assets | $160,181,620 |
| Minimum investment return | $8,009,081 |
| Distributable Amount (for 2012) | |
| Distributable amount | $7,914,762 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $7,914,762 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $2,587,441 | $0 | $258,744 |
| Gross receipts or sales less returns and allowances | $209,248 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $209,248 | $0 | $209,248 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $49,496 | $0 | $49,496 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $203,669 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $35,395 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $168,274 |
| Unrelated business taxable income | $35,394 |
| Unrelated business taxable income before net operating loss deduction | $55,075 |
| Net operating loss deduction | $18,681 |
| Unrelated business taxable income before specific deduction | $36,394 |
| Specific deduction | $1,000 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Food Project Inc | 10 Lewis St, Lincoln, MA 01773-3816 | MA | 1995-05 | $2,575,163 |
| 2 | Media Education Foundation Inc | 60 Masonic Street, Northhampton, MA 01060-3070 | MA | 1992-03 | $1,945,211 |
| 3 | Foxboro Discretionary Fund Inc | 3 Meadowview Rd, Foxboro, MA 02035-1003 | MA | 2014-05 | $95,300 |
| 4 | Framingham Civic League Inc, Impact Framingham | 34 Deloss Street, Framingham, MA 01702 | MA | 1957-04 | $1,490 |
| 5 | Francis A & Jacquelyn H Harrington Foundation | 370 Main St 12th Fl, Worcester, MA 01608-1723 | MA | 1967-02 | $2,422,304 |
| 6 | Frank C & Christel W Nichols Ch Fd | PO BOX 55806, Boston, MA 02205-5806 | MA | 1985-02 | $1,975,474 |
| 7 | Franklin Family Charitable Foundation Inc | PO BOX 508, Stoughton, MA 02072-0508 | MA | 1988-05 | $25,503 |
| 8 | Franklin Performing Arts Company Inc | PO BOX 48, Franklin, MA 02038-0048 | MA | 1992-04 | $972,509 |
| 9 | Friends Of The Paragon Carousel Inc | PO BOX 100, Hull, MA 02045-0100 | MA | 1996-06 | $386,447 |
| 10 | Friendship Fund Inc | 77 Summer St 8th Fl, Boston, MA 02110-1006 | MA | 1953-06 | $1,903,989 |
| 11 | George I Alden Trust | 370 Main St 12th Flr, Worcester, MA 01608-1723 | MA | 1981-10 | $52,037,473 |
| 12 | Gess Foundation | 295 Huntington Ave Ste 201, Boston, MA 02115-4433 | MA | 2001-01 | $1,036,021 |
| 13 | Gloucester Stage Co Inc | 267 E Main St, Gloucester, MA 01930-4141 | MA | 1973-07 | $664,520 |
| 14 | Goodwill Industries Of The Pioneer Valley Inc | 570 Cottage St, Springfield, MA 01104-3353 | MA | 1942-07 | $6,840,796 |
| 15 | Gosnold Inc | 200 Tee Heun Dr, Falmouth, MA 02540 | MA | 1972-11 | $22,867,027 |
| 16 | Greater Boston Chinese Cultural Association | 437 Cherry St Ste 102, West Newton, MA 02465-2017 | MA | 1981-05 | $480,040 |
| 17 | Greater Boston Real Estate Board Foundation | One Center Plaza Mezzanine Suite, Boston, MA 02108-1887 | MA | 1994-07 | $309,167 |
| 18 | Greater Gardner Community Development Corp, Greater Gardner Cdc | 246 Central St, Gardner, MA 01440-3805 | MA | 1993-06 | $169,716 |
| 19 | Greater Lynn Photographic Association Inc | PO BOX 9, Lynn, MA 01905-0009 | MA | 1990-03 | $33,303 |
| 20 | Greater Lynn Senior Services Inc | 8 Silsbee St, Lynn, MA 01901-1404 | MA | 1975-12 | $52,245,388 |
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