Gund Art Foundation Michael M Davis Tr 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
| Gund Art Foundation Michael M Davis Tr | |
| Employer Identification Number (EIN) | 042714713 |
| Name of Organization | Gund Art Foundation Michael M Davis Tr |
| In Care of Name | Sullivan & Worcester |
| Address | One Po Sq, Boston, MA 02109-2106 |
| Subsection | Charitable Organization |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2013 |
| 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 | $1,065,663 |
| Amount of Income | $1,915,079 |
| Form 990 Revenue Amount | $4,496 |
Non-representatives - add comments:
| 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 | $5,524 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $5,524 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $5,524 | $0 | $0 | $5,524 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,524 | $0 | $5,524 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $0 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $802,000 | $5,187,000 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $802,000 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $802,000 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $5,187,000 | $5,187,000 | $5,187,000 | $5,187,000 | $20,748,000 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $5,187,000 | $5,187,000 | $5,187,000 | $5,187,000 | $20,748,000 |
| 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 | Guild Dancers | 39 Hemlock Terrace, Lunenburg, MA 01462 | MA | 1993-09 | $0 |
| 2 | Guild Of Boston Artists Inc | 162 Newbury St, Boston, MA 02116-2809 | MA | 1935-04 | $196,702 |
| 3 | Guild Of Harwich Artists Inc | PO BOX 382, Harwich Port, MA 02646-0382 | MA | 2008-12 | $34,261 |
| 4 | Guild Of St Agnes Of Worcester Inc | 405 Grove Street, Worcester, MA 01605-1270 | MA | 1992-06 | $14,032,994 |
| 5 | Guild Studio School | 116 Pleasant St Ste 2, Easthampton, MA 01027-2783 | MA | 2001-04 | $145,143 |
| 6 | Guinea Conakry United Massachusetts Inc | 15 Weaver Way, Boston, MA 02119-1224 | MA | 2010-03 | $980 |
| 7 | Gujarati Association Of Western Mass | 106 Capital Dr, W Springfield, MA 01089-1331 | MA | 2002-06 | $72,402 |
| 8 | Gulf Coast Works Inc, Bridge To Biloxi | 40 Highland St, Concord, MA 01742-2918 | MA | 2009-07 | $23,148 |
| 9 | Gulf Of Maine Institute Inc | 117 Main St, West Newbury, MA 01985-1802 | MA | 2002-09 | $98,390 |
| 10 | Gun Owners Action League Inc | 361 W Main St, Northboro, MA 01532-2117 | MA | 1978-08 | $845,692 |
| 11 | Gund Art Foundation Michael M Davis Tr | One Po Sq, Boston, MA 02109-2106 | MA | $1,915,079 | |
| 12 | Gunung Palung Orangutan Conservation Program Inc | 19 Woodpark Cir, Lexington, MA 02421-7207 | MA | 2008-08 | $306,126 |
| 13 | Gurjar Gujarati Association Of New England Inc | 29 Sheafe St, Malden, MA 02148-6017 | MA | 1981-12 | $33,370 |
| 14 | Gurnet-Saquish Corporation | C/O Mary Carrigan 29 Hartford St, Dover, MA 02030 | MA | 1972-09 | $98,400 |
| 15 | Gustapher Foundation | 100 Federal St 37th Flr, Boston, MA 02110-1802 | MA | $397,878 | |
| 16 | Gustavo Posse Foundation, Posse Gustavo Ttee | 100 Belvidere St 10th Fl E, Boston, MA 02199-7622 | MA | 2003-04 | $809,366 |
| 17 | Gut N Feathers Club | PO BOX 276, Marblehead, MA 01945-0276 | MA | 1984-07 | $73,853 |
| 18 | Guthrie Center Corp | 2 Van Deusenville Rd, Gt Barrington, MA 01230-1172 | MA | 1992-11 | $117,147 |
| 19 | Guthrie Foundation Inc | 2 Van Deusenville Rd, Gt Barrington, MA 01230-1172 | MA | 1992-04 | $125,059 |
| 20 | Guttag Family Foundation | C/O John Guttag, Lexington, MA 02420 | MA | 2007-05 | $1,284,138 |
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