Hammond Museum Inc in Gloucester, 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
- Organizations performing similar types of work
| Hammond Museum Inc | |
| Employer Identification Number (EIN) | 042104270 |
| Name of Organization | Hammond Museum Inc |
| Address | 80 Hesperus Ave, Gloucester, MA 01930-5273 |
| Activities | Museum, zoo, planetarium, etc., Other cultural or historical activities |
| Subsection | Charitable Organization |
| Ruling Date | 05/1938 |
| 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 | $1,245,826 |
| Amount of Income | $938,856 |
| Form 990 Revenue Amount | $318,666 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: History Museums |
Non-representatives - add comments:
Amount of income in 2013: $938,856 (it was $320,825 in 2012)
| This organization: | $938,856 |
| Other organizations performing similar types of work: | $170,607 |
Assets in 2013: $1,245,826 (it was $825,096 in 2012)
| This organization: | $1,245,826 |
| Other organizations performing similar types of work: | $751,001 |
Expenses in 2012: $418,534
| This organization: | $418,534 |
| Other organizations performing similar types of work: | $136,601 |
Income to expenses ratio in 2012: 2.2
| Hammond Museum Inc: | 2.2 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2012: 0.0%
| Hammond Museum Inc: | 0.0% |
| Other organizations performing similar types of work: | 57.9% |
Revenue 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 | $313,030 | $95,313 | $217,717 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $719 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $13,415 | |||
| Gross sales less returns and allowances | $5,620 | |||
| Less: Cost of goods sold | $7,795 | |||
| Other income | $298,896 | |||
| Total expenses and disbursements | $418,534 | $43,105 | $217,717 | $194,949 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $418,534 | $43,105 | $194,949 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-105,504 | |||
| Net investment income | $52,208 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $825,096 | $825,096 |
| Cash - non-interest-bearing | $2,000 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $3,135 | |
| Other | $819,961 | |
| Total liabilities | $29,451 | |
| Mortgages and other notes payable | $0 | |
| Other | $29,451 | |
| Total liabilities and net assets/fund balances | $795,645 | |
| 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 | $522 |
| Total credits and payments | $642 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $642 |
| 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 | $120 |
| Amount to be credited to 2013 estimated tax | $120 |
| 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 | $163,499 |
| Net value of noncharitable-use assets | $161,040 |
| Minimum investment return | $8,052 |
| Distributable Amount (for 2012) | |
| Distributable amount | $7,530 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $7,530 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Scottish Rite Masonic Museum & Library Inc | 33 Marrett Rd, Lexington, MA 02421-5703 | MA | 1972-03 | $120,504,981 |
| 2 | Society For The Preservation Of New England Antiquities Inc | 151 Essex Street 2nd Floor, Haverhill, MA 01832-5564 | MA | 1928-05 | $63,475,296 |
| 3 | Historic Deerfield Inc | 84b Old Main Street, Deerfield, MA 01342 | MA | 1953-12 | $30,943,103 |
| 4 | General Society Of Mayflower Descendants | 4 Winslow St, Plymouth, MA 02360-3313 | MA | 1941-06 | $2,034,602 |
| 5 | Wharton County Museum Association | PO BOX 349, Wharton, TX 77488-0349 | TX | 1974-12 | $141,508 |
| 6 | Plimoth Plantation Inc | PO BOX 1620, Plymouth, MA 02362-1620 | MA | 1948-11 | $11,859,649 |
| 7 | Old Sturbridge Inc | 1 Old Sturbridge Village Rd, Sturbridge, MA 01566-1138 | MA | 1992-10 | $9,094,040 |
| 8 | Shakertown At Pleasant Hill Kentucky Inc | 3501 Lexington Rd, Harrodsburg, KY 40330-9218 | KY | 1962-11 | $5,784,015 |
| 9 | Heritage Plantation Of Sandwich Inc | 67 Grove St, Sandwich, MA 02563-2110 | MA | 1994-03 | $5,219,544 |
| 10 | Worcester Historical Museum | 30 Elm St, Worcester, MA 01609-2504 | MA | 1944-06 | $4,759,570 |
| 11 | Rosenbach Museum And Library | 2010 Delancey St, Philadelphia, PA 19103-6510 | PA | 1953-10 | $4,722,469 |
| 12 | John Woodman Higgins Armory Inc | 100 Barber Ave, Worcester, MA 01606-2464 | MA | 1950-02 | $4,089,521 |
| 13 | Yakima Valley Museum & Hist Assn | 2105 Tieton Dr, Yakima, WA 98902-3766 | WA | 1953-08 | $3,751,089 |
| 14 | The Long Island Museum Of American Art History & Carriages | 1200 Route 25a, Stony Brook, NY 11790-1931 | NY | 1945-04 | $3,682,073 |
| 15 | American Textile History Museum | 491 Dutton Street, Lowell, MA 01854-4289 | MA | 1987-09 | $2,484,375 |
| 16 | Fruitlands Museums Inc | 102 Prospect Hill Rd, Harvard, MA 01451-1348 | MA | 1994-11 | $1,351,938 |
| 17 | South Hadley Historical Inc | 25 Brainerd St, S Hadley, MA 01075-1303 | MA | 1998-05 | $153,135 |
| 18 | Wing Family Of America Inc | 69 Spring Hill Rd, E Sandwich, MA 02537-1028 | MA | 1942-01 | $50,103 |
| 19 | Medford-Brooks Estate Land Tr Inc | 27 Gleason Street, Medford, MA 02155 | MA | 1999-03 | $0 |
| 20 | New England Fire & History Museum Inc | 89 Long Pond Road, Harwich, MA 02645 | MA | 1972-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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