Grimes-King Foundation For The Elderly Inc 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
| Grimes-King Foundation For The Elderly Inc | |
| Employer Identification Number (EIN) | 046070226 |
| Name of Organization | Grimes-King Foundation For The Elderly Inc |
| In Care of Name | Fiduciary Trust Company |
| Address | PO BOX 55806, Boston, MA 02205-5806 |
| Activities | Gifts, grants, or loans to other organizations, Other school related activities |
| Subsection | Charitable Organization |
| Ruling Date | 11/1972 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,276,829 |
| Amount of Income | $776,390 |
| Form 990 Revenue Amount | $83,615 |
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 | $112,117 | $82,988 | $0 | |
| Contributions, gifts, grants, etc., received | $6,738 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $47,309 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1,101 | |||
| Other | $56,969 | |||
| Total expenses and disbursements | $143,998 | $25,387 | $0 | $118,611 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $26,748 | $25,387 | $1,361 | |
| Contributions, gifts, grants paid | $117,250 | |||
| Excess of revenue over expenses and disbursements | $-31,881 | |||
| Net investment income | $57,601 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,279,534 | $2,477,623 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $348,169 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,873,530 | |
| Other | $57,835 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,279,534 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $56,969 |
| 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 | $576 |
| Total credits and payments | $516 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $516 |
| 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 | $60 |
| 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? | 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 | $2,452,594 |
| Net value of noncharitable-use assets | $2,415,800 |
| Minimum investment return | $120,790 |
| Distributable Amount (for 2012) | |
| Distributable amount | $120,214 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $120,214 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $114,562 |
| 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 | Greyhound Options Inc | 43 Sygiel Road, Ware, MA 01082-9411 | MA | 2000-05 | $57,559 |
| 2 | Greyhound Pets Of America, Massachusetts Chapter | PO BOX 1495, Middleboro, MA 02346-4495 | MA | 1988-08 | $69,403 |
| 3 | Greyhound Project Inc | 17 Martin Ter, Randolph, MA 02368-5166 | MA | 1993-11 | $110,415 |
| 4 | Greyhound Rescue Of New England Inc | 200 Providence St, Mendon, MA 01756-1374 | MA | 1999-07 | $74,896 |
| 5 | Greylock Abc Inc | PO BOX 665, Williamstown, MA 01267-0665 | MA | 1971-02 | $68,564 |
| 6 | Greylock Language & Learning Center Inc | 46 Howland Ave Ste 3, Adams, MA 01220-1127 | MA | 2002-04 | $6,614 |
| 7 | Gridiron Club Of Mansfield | PO BOX 481, Mansfield, MA 02048-0481 | MA | 1995-12 | $128,099 |
| 8 | Gridley Fam Foundation Tr, Gridley Curtis D Ttee | PO BOX 961209, Boston, MA 02196-1209 | MA | 2001-03 | $13,855,933 |
| 9 | Griffin White Foundation Inc | PO BOX 6116, Haverhill, MA 01831-6116 | MA | 1954-03 | $315,947 |
| 10 | Grimes Fam Foundation Tr, Grimes D Michael Etal Ttee | 18 Sprague Rd, Wellesley, MA 02481-2816 | MA | 2000-11 | $20,855 |
| 11 | Grimes-King Foundation For The Elderly Inc | PO BOX 55806, Boston, MA 02205-5806 | MA | 1972-11 | $776,390 |
| 12 | Grimshaw-Gudewicz Memorial Charitable Trust | 263 Walnut St, Fall River, MA 02720-2426 | MA | 1984-11 | $235,322 |
| 13 | Gringottz Foundation Inc | 140 Sumner St, Newton, MA 02459-1956 | MA | 2003-04 | $1 |
| 14 | Grinnell Mansion Congregate Home Inc | 412 County St, New Bedford, MA 02740-5008 | MA | 1995-02 | $137,925 |
| 15 | Grossman Fam Charitable Foundation Tr, Grossman Jerome & Barbara Ttee | 1 Huntington Ave Apt 1301, Boston, MA 02116-5753 | MA | 1995-03 | $2,393,331 |
| 16 | Grossman Family Trust | 1266 Furnace Brook Pkwy Ste 100, Quincy, MA 02169-4785 | MA | 1948-01 | $141,227 |
| 17 | Groton Affordable Housing Inc | 205 School Street, Gardner, MA 01440-2781 | MA | 1987-12 | $463,207 |
| 18 | Three Rivers Center For The Arts Inc | 2 Watson Place Building 7, Framingham, MA 01701-4109 | MA | 1974-02 | $185,118 |
| 19 | Groton Community School Inc | 110 Boston Rd, Groton, MA 01450-1860 | MA | 1976-09 | $1,191,141 |
| 20 | Groton Conservation Trust | PO BOX 395, Groton, MA 01450-0395 | MA | 1968-02 | $134,347 |
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