Gerondelis Foundation Inc in Lynn, 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
| Gerondelis Foundation Inc | |
| Employer Identification Number (EIN) | 046130871 |
| Name of Organization | Gerondelis Foundation Inc |
| Address | 56 Central Avenue, Lynn, MA 01901-1140 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,623,980 |
| Amount of Income | $1,606,470 |
| Form 990 Revenue Amount | $656,923 |
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 | $669,827 | $658,918 | $669,825 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $902 | |||
| Dividends and interest from securities | $28,242 | |||
| Gross rents | $629,774 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $10,907 | |||
| Other | $2 | |||
| Total expenses and disbursements | $531,129 | $0 | $0 | $509,129 |
| Compensation of officers, directors, trustees, etc. | $22,000 | |||
| Total operating and administrative expenses | $97,029 | $0 | $75,029 | |
| Contributions, gifts, grants paid | $434,100 | |||
| Excess of revenue over expenses and disbursements | $138,698 | |||
| Net investment income | $658,918 | |||
| Adjusted net income | $669,825 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,197,420 | $5,197,420 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $21,693 | |
| Investments-corporate stock | $412,639 | |
| Investments-corporate bonds | $496,914 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $4,266,174 | |
| Total liabilities | $137,889 | |
| Mortgages and other notes payable | $0 | |
| Other | $137,889 | |
| Total liabilities and net assets/fund balances | $5,059,531 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $2 |
| 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 | $13,178 |
| Total credits and payments | $7,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $7,000 |
| 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 | $9 |
| Tax due | $6,187 |
| 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 | $8,390,095 |
| Net value of noncharitable-use assets | $8,264,240 |
| Minimum investment return | $413,212 |
| Distributable Amount (for 2012) | |
| Distributable amount | $400,034 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $400,034 |
| 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 | Gerard Health Foundation Llc | 26 Rolling Ln, Dover, MA 02030-2446 | MA | 2002-05 | $410,000 |
| 2 | Gerard P Dewan Memorial Fund Inc | 18 Keith St, West Roxbury, MA 02132-3117 | MA | 2002-05 | $17,004 |
| 3 | Geriatric Authority Of Holyoke | 45 Lower Westfield Rd, Holyoke, MA 01040-2747 | MA | 1990-03 | $6,921,456 |
| 4 | Geriatric Care Managers New England Inc | PO BOX 67075, Chestnut Hill, MA 02467-0001 | MA | 2006-02 | $11,348 |
| 5 | German Aid Society Of Boston Inc | PO BOX 207, Walpole, MA 02081-0207 | MA | 1942-08 | $161,908 |
| 6 | German American Business Club Of Boston Inc | 170 Beacon St, Boston, MA 02116-1401 | MA | 1999-05 | $75,639 |
| 7 | German International School Boston Inc | 57 Holton St, Allston, MA 02134-1304 | MA | 2005-07 | $4,714,994 |
| 8 | German Ladies Aid Society Of Boston Inc | 2222 Centre St, West Roxbury, MA 02132-4034 | MA | 1947-03 | $196,473 |
| 9 | German Old Folks Home Inc | 374 Howard St, Lawrence, MA 01841-2980 | MA | 1963-06 | $951,845 |
| 10 | German Shepherd Rescue Of New England Inc | PO BOX 4063, Westford, MA 01886-0034 | MA | 1998-11 | $104,758 |
| 11 | Gerondelis Foundation Inc | 56 Central Avenue, Lynn, MA 01901-1140 | MA | 1993-04 | $1,606,470 |
| 12 | Gerontology Alumni Association Inc | 100 Morrissey Blvd Wheatley Hall 4th Floor, Boston, MA 02125 | MA | 1986-09 | $0 |
| 13 | Gerrish Family Foundation | 21 Hay St, Newbury, MA 01951-1731 | MA | 2005-12 | $420,986 |
| 14 | Gertrude A Pomeroy Charitable Tr | 434 Red Top Rd, Brewster, MA 02631-1642 | MA | 1967-10 | $223,208 |
| 15 | Gertrude W & Edward M Swartz Charitable Trust | 70 Walnut Street, Wellesley, MA 02481-2135 | MA | 1954-07 | $41,153 |
| 16 | Gestalt Institute Of New England Inc | 80 Wimslow Ave Unit 2e, Somerville, MA 02144 | MA | 1980-01 | $40,459 |
| 17 | Gestalt International Study Center Ltd | PO BOX 515, S Wellfleet, MA 02663-0515 | MA | 1980-06 | $855,469 |
| 18 | Getpsychedsports Org | 20 Hope Street, Newton, MA 02466 | MA | 2002-06 | $7,285 |
| 19 | Ghs Band Alumni Association Inc | 121 Edgell St, Gardner, MA 01440-2331 | MA | 1995-09 | $54 |
| 20 | Giant Sable Fund | 17 Hopedale St, Allston, MA 02134-1212 | MA | 2007-07 | $62,707 |
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