Grace Swift & Alfred Gibbs Nye Scholarship Trust, Graulty William W Ttee 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
- Other organizations in Massachusetts
| Grace Swift & Alfred Gibbs Nye Scholarship Trust, Graulty William W Ttee | |
| Employer Identification Number (EIN) | 066421534 |
| Name of Organization | Grace Swift & Alfred Gibbs Nye Scholarship Trust |
| Secondary Name | Graulty William W Ttee |
| In Care of Name | Fiduciary Trust Company |
| Address | PO BOX 55806, Boston, MA 02205-5806 |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,165,251 |
| Amount of Income | $1,306,338 |
| Form 990 Revenue Amount | $233,586 |
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 | $135,851 | $105,339 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $69,645 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $66,206 | |||
| Total expenses and disbursements | $308,631 | $55,285 | $0 | $254,849 |
| Compensation of officers, directors, trustees, etc. | $53,498 | |||
| Total operating and administrative expenses | $81,518 | $55,285 | $27,736 | |
| Contributions, gifts, grants paid | $227,113 | |||
| Excess of revenue over expenses and disbursements | $-172,780 | |||
| Net investment income | $50,054 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,251,238 | $3,506,186 |
| Cash - non-interest-bearing | $26,986 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,207,369 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,868,594 | |
| Other | $148,289 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,251,238 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $66,206 |
| 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 | $1,001 |
| Total credits and payments | $1,461 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,461 |
| 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 | $0 |
| Tax due | $0 |
| Overpayment | $460 |
| Amount to be credited to 2013 estimated tax | $460 |
| 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? | Yes |
| 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 | $3,525,828 |
| Net value of noncharitable-use assets | $3,472,940 |
| Minimum investment return | $173,647 |
| Distributable Amount (for 2012) | |
| Distributable amount | $172,646 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $172,646 |
| 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 | Grace Alice Campbell Foundation | 144 Rumford Ave, Mansfield, MA 02048-2140 | MA | 2004-08 | $15,564 |
| 2 | Grace And Bill Peabody Foundation Inc | 69 E Housatonic St, Pittsfield, MA 01201-6450 | MA | 2001-12 | $16,500 |
| 3 | Grace B Jones Trust Ui | PO BOX 1330, Hyannis, MA 02601-1330 | MA | 1992-07 | $100,482 |
| 4 | Grace Dental And Medical Missions Inc | 150 Cross St, Methuen, MA 01844-1137 | MA | 1997-06 | $511,996 |
| 5 | Grace House Institute Inc | 5 Boulderbrook Dr, Peabody, MA 01960-4903 | MA | 1993-06 | $49,970 |
| 6 | Grace Institute Inc | 420 Boston Turnpike, Shrewsbury, MA 01545 | MA | 1998-10 | $23,353 |
| 7 | Grace Knight Babson Fund | 14 Jackson Rd, Wellesley, MA 02481-6802 | MA | 1960-07 | $12,562 |
| 8 | Grace Makepeace Trust For Historic Preservation | 35 Stafford Hollow Rd, Monson, MA 01057-9308 | MA | 2001-02 | $21,602 |
| 9 | Grace Renaissance Academic Studies Program Inc | Local, Dorchester, MA 02124 | MA | 2003-07 | $195,875 |
| 10 | Grace River Foundation | 50 Congress St Ste 832, Boston, MA 02109-4024 | MA | 2001-06 | $337,239 |
| 11 | Grace Swift & Alfred Gibbs Nye Scholarship Trust, Graulty William W Ttee | PO BOX 55806, Boston, MA 02205-5806 | MA | $1,306,338 | |
| 12 | Grace T Blanchard Trust Uw Fbo Flora T Blanchard Scholarships | 605 Broadway Ste Lf41, Saugus, MA 01906-3200 | MA | 1979-11 | $79,480 |
| 13 | Graceful Stitches Inc | 120 Main St, Osterville, MA 02655-1415 | MA | 2003-03 | $92,428 |
| 14 | Grad Nite Live | PO BOX 396, Marshfield, MA 02050-0396 | MA | 1999-04 | $24,921 |
| 15 | Grafton Center Play Schools Inc | PO BOX 102, Grafton, MA 01519-0102 | MA | 1987-10 | $123,926 |
| 16 | South Grafton Parent Teacher Oranization Inc | 105 Millbury St, Grafton, MA 01519-1097 | MA | 2008-04 | $72,027 |
| 17 | Grafton Girls Softball Associationinc | PO BOX 80, Grafton, MA 01519-0080 | MA | 2006-04 | $46,983 |
| 18 | Grafton High School Athletic Booster Club Inc | 45 Clubhouse Way, Sutton, MA 01590 | MA | 2005-01 | $0 |
| 19 | Grafton Housing Associates Inc | 13 Zgonis Dr, South Grafton, MA 01560-1152 | MA | 1985-08 | $575,333 |
| 20 | Grafton Land Trust Inc | PO BOX 114, Grafton, MA 01519-0114 | MA | 1988-11 | $115,542 |
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