Greater Lawrence Revolving Loan Fund Inc in Lawrence, 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
| Greater Lawrence Revolving Loan Fund Inc | |
| Employer Identification Number (EIN) | 042484810 |
| Name of Organization | Greater Lawrence Revolving Loan Fund Inc |
| Address | 264 Essex St, Lawrence, MA 01840-1516 |
| Activities | Described in section 509(a)(2) of the Code, Other loans to individuals, Other housing activities |
| Subsection | Charitable Organization |
| Ruling Date | 12/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $135,675 |
| Amount of Income | $156 |
| Form 990 Revenue Amount | $253 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Support Services - Other |
Non-representatives - add comments:
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 | $-49,965 | $128 | $128 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $128 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $13,456 | $0 | $0 | $13,456 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $11,136 | $0 | $11,136 | |
| Contributions, gifts, grants paid | $2,320 | |||
| Excess of revenue over expenses and disbursements | $-63,421 | |||
| Net investment income | $128 | |||
| Adjusted net income | $128 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $143,658 | $143,658 |
| Cash - non-interest-bearing | $90,596 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $53,062 | |
| Total liabilities | $3,500 | |
| Mortgages and other notes payable | $0 | |
| Other | $3,500 | |
| Total liabilities and net assets/fund balances | $140,158 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-50,093 |
| 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 | $3 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $3 |
| 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? | Yes |
| 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? | 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 | $101,103 |
| Net value of noncharitable-use assets | $99,580 |
| Minimum investment return | $4,979 |
| 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 | $128 | $253 | $1,589 | $3,697 | $5,667 |
| Qualifying distributions made directly for active conduct of exempt activities | $58,086 | $85,023 | $74,229 | $14,192 | $231,530 |
| Value of all assets | $143,658 | $306,228 | $242,198 | $251,422 | $943,506 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $143,658 | $306,228 | $242,198 | $251,422 | $943,506 |
| 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 | Greater Holyoke Chamber Centennial Foundation Inc | 177 High St, Holyoke, MA 01040-6504 | MA | 1991-04 | $60,747 |
| 2 | Greater Holyoke Chamber Of Commerce | 177 High St, Holyoke, MA 01040-6504 | MA | 1943-02 | $336,942 |
| 3 | Greater Holyoke Foundation Inc | PO BOX 1217, Holyoke, MA 01041-1217 | MA | 1987-04 | $2 |
| 4 | Greater Holyoke Inc | PO BOX 1217, Holyoke, MA 01041-1217 | MA | 1984-10 | $4,521 |
| 5 | Greater Holyoke Partnership Inc | 20 Pheasant Dr, Holyoke, MA 01040-9633 | MA | 1993-12 | $1 |
| 6 | Merrimack Valley Chamber Foundation Inc | 264 Essex St, Lawrence, MA 01840-1516 | MA | 1987-03 | $5,001 |
| 7 | Greater Lawrence Community Action Council Inc | Action Council Inc 305 Essex St, Lawrence, MA 01840 | MA | 1970-02 | $29,052,430 |
| 8 | Greater Lawrence Community Boating Program Inc | PO BOX 955, Lawrence, MA 01842-1855 | MA | $381,479 | |
| 9 | Collaborative For Regional Educational Services And Training | 480 Broadway, Methuen, MA 01844-2048 | MA | 2001-05 | $10,626,972 |
| 10 | Greater Lawrence Family Health Center Inc | 34 Haverhill St, Lawrence, MA 01841-2884 | MA | 1981-01 | $68,343,979 |
| 11 | Greater Lawrence Revolving Loan Fund Inc | 264 Essex St, Lawrence, MA 01840-1516 | MA | 1997-12 | $156 |
| 12 | Greater Lowell Business Education Collaborative Inc | 491 Dutton Street, Lowell, MA 01854 | MA | 1997-03 | $11,470 |
| 13 | Greater Lowell Chamber Of Commerce Inc | 131 Merrimack St, Lowell, MA 01852-1723 | MA | 1996-02 | $311,754 |
| 14 | Greater Lowell Community Foundation Inc | 100 Merrimack St Ste 202, Lowell, MA 01852-1707 | MA | 1998-07 | $5,314,324 |
| 15 | Greater Lowell Good Friday Walk Inc | Po Box 37, Westford, MA 01886 | MA | 1993-01 | $16,200 |
| 16 | Greater Lowell Polish National Home Assoc Inc | 10 Coburn St, Lowell, MA 01850-2309 | MA | 1959-10 | $249,793 |
| 17 | Greater Lowell Technical High School Charitable Foundation Inc | 250 Pawtucket Blvd, Tyngsboro, MA 01879-2214 | MA | 2006-01 | $24,171 |
| 18 | Greater Lowell Workforce Investment Board Inc | 107 Merrimack St, Lowell, MA 01852-1723 | MA | 1986-04 | $1 |
| 19 | Greater Lynn Community Education Collaborative Inc | 38 Exchange St, Lynn, MA 01901 | MA | 2004-01 | $2,695 |
| 20 | Greater Lynn Friends Of The Retarded Inc | 72 Keslar Ave, Lynn, MA 01905-1414 | MA | 1980-02 | $4,000 |
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