Hale Memorial Foundation in Saugus, 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
| Hale Memorial Foundation | |
| Employer Identification Number (EIN) | 046039320 |
| Name of Organization | Hale Memorial Foundation |
| In Care of Name | Eastern Bank & Trust Ttee |
| Address | 605 Broadway Lf41, Saugus, MA 01906-3200 |
| Activities | Farmers cooperative marketing or purchasing |
| Subsection | Charitable Organization |
| Ruling Date | 01/1964 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $896,229 |
| Amount of Income | $258,305 |
| Form 990 Revenue Amount | $69,377 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $69,377 | $68,789 | $21,000 | |
| Contributions, gifts, grants, etc., received | $100 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $11,227 | |||
| Gross rents | $21,000 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $37,050 | |||
| Total expenses and disbursements | $64,557 | $1,765 | $0 | $40,917 |
| Compensation of officers, directors, trustees, etc. | $17,645 | |||
| Total operating and administrative expenses | $39,521 | $1,765 | $15,881 | |
| Contributions, gifts, grants paid | $25,036 | |||
| Excess of revenue over expenses and disbursements | $4,820 | |||
| Net investment income | $67,024 | |||
| Adjusted net income | $21,000 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $933,714 | $1,171,961 |
| 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 | $933,714 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $933,714 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $37,050 |
| 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 | $1,340 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $30 |
| Tax due | $1,370 |
| 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 | $1,395,108 |
| Net value of noncharitable-use assets | $1,374,180 |
| Minimum investment return | $68,709 |
| Distributable Amount (for 2012) | |
| Distributable amount | $67,369 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $67,369 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $67,369 |
| 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 | Haiti Orphans Project Inc | 16 Beaver Brook Rd, Becket, MA 01223 | MA | 2006-05 | $12,239 |
| 2 | Haiti Projects Inc | 237 Broadway, Hanover, MA 02339-2706 | MA | 1999-01 | $491,727 |
| 3 | Haitian Community Service Center Incorporated | 825 Washington St, Boston, MA 02124-4415 | MA | 2004-08 | $1,460 |
| 4 | Haitian Organization For The Advancement Of Petit-Goave Inc | 35 Keri Anne Dr, Brockton, MA 02302-4179 | MA | 2004-01 | $50 |
| 5 | Haitian Studies Association Inc | PO BOX 300707, Jamaica Plain, MA 02130-0035 | MA | 1993-06 | $84,735 |
| 6 | Haitian-American Public Health Initiatives Inc | 1464 Blue Hill Ave, Mattapan, MA 02126-2256 | MA | 1994-12 | $1,095,593 |
| 7 | Hajjar School Parents Association Inc | 59 Rogers St, N Billerica, MA 01862-1529 | MA | 1987-07 | $61,637 |
| 8 | Hale Hospital Foundation Inc | 140 Lincoln Ave, Haverhill, MA 01830-6700 | MA | 1961-03 | $27,657 |
| 9 | Hale Hospital Medical Staff | 140 Lincoln Ave, Haverhill, MA 01830-6700 | MA | 1985-04 | $38,900 |
| 10 | Hale Meekins Residence Inc | 417 Liberty Street, Springfield, MA 01104-3736 | MA | 1995-12 | $115,065 |
| 11 | Hale Memorial Foundation | 605 Broadway Lf41, Saugus, MA 01906-3200 | MA | 1964-01 | $258,305 |
| 12 | Hale-Barnard Corporation | 273 Clarendon St, Boston, MA 02116-1404 | MA | 1972-11 | $5,679,539 |
| 13 | Haley House Inc | 23 Dartmouth St, Boston, MA 02116-5912 | MA | 1968-09 | $2,149,537 |
| 14 | Hallmark Health Medical Associates Inc | 170 Governors Ave, Medford, MA 02155-1643 | MA | 1993-06 | $19,088,291 |
| 15 | Hallmark Health Properties Inc | 170 Governors Ave, Medford, MA 02155-1643 | MA | 1985-07 | $463,977 |
| 16 | Hallmark Health Services Inc | 170 Governors Ave, Medford, MA 02155-1643 | MA | 1986-10 | $219,423 |
| 17 | Hallmark Health Visiting Nurse Association And Hospice Inc | 178 Savin St Ste 3, Malden, MA 02148-2329 | MA | 2001-07 | $16,482,055 |
| 18 | Halo Inc | 1244 Boylston St Ste 200, Chestnut Hill, MA 02467-2115 | MA | 1993-11 | $103,111 |
| 19 | Hamermesh Family Charitable Foundation, Hamermesh Richard G Ttee | 33 Woodland Ave, Newton, MA 02166 | MA | 2000-01 | $381,906 |
| 20 | Hamilton Hall Inc | 9 Chestnut St, Salem, MA 01970-3107 | MA | 1985-09 | $180,756 |
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