Hanover Insurance Group Foundation Inc in Worcester, 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
| Hanover Insurance Group Foundation Inc | |
| Employer Identification Number (EIN) | 043105650 |
| Name of Organization | Hanover Insurance Group Foundation Inc |
| In Care of Name | Suzanne M Sullivan |
| Address | 440 Lincoln St, Worcester, MA 01653-0002 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $6,520,627 |
| Amount of Income | $2,688,691 |
| Form 990 Revenue Amount | $667,096 |
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 | $2,805,436 | $99,983 | $0 | |
| Contributions, gifts, grants, etc., received | $2,700,000 | |||
| Interest on savings and temporary cash investments | $28 | |||
| Dividends and interest from securities | $99,955 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $5,453 | |||
| Total expenses and disbursements | $1,414,449 | $0 | $0 | $1,414,449 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $42,484 | $0 | $42,484 | |
| Contributions, gifts, grants paid | $1,371,965 | |||
| Excess of revenue over expenses and disbursements | $1,390,987 | |||
| Net investment income | $99,983 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,304,906 | $5,304,906 |
| Cash - non-interest-bearing | $80,370 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $3,524,536 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,700,000 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $5,304,906 | |
| 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 | $2,000 |
| Total credits and payments | $1,820 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,820 |
| 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 | $180 |
| 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 | $4,460,334 |
| Net value of noncharitable-use assets | $4,393,420 |
| Minimum investment return | $219,671 |
| Distributable Amount (for 2012) | |
| Distributable amount | $217,671 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $217,671 |
| 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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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Hands On Art Museum Inc | 3 Lancaster Rd, Shirley, MA 01464-2415 | MA | 1999-09 | $37,060 |
| 2 | All Hands Volunteers Inc | 389 River Rd, Carlisle, MA 01741-1819 | MA | 2005-10 | $3,907,044 |
| 3 | Hands Together Inc | PO BOX 80985, Springfield, MA 01138-0985 | MA | 1989-08 | $8,774,476 |
| 4 | Handshake Foundation Trust 15016199, Ballou Frederick D Et Al Ttee | Lwc 230 Congress St 12fl, Boston, MA 02110 | MA | 2001-03 | $63,751 |
| 5 | Handshouse Studio Inc | 8 Meadow Farm Way, Norwell, MA 02061-2607 | MA | 2004-02 | $135,582 |
| 6 | Hanley Foundation, Susan June Hanley Ttee | 261 Leverett Rd, Amherst, MA 01002 | MA | 2007-02 | $12,927 |
| 7 | Hannah B Griffith Shaw Home For The Aged Inc | 299 Wareham St, Middleboro, MA 02346-2905 | MA | 1969-04 | $6,276,610 |
| 8 | Hannah Williams Playground Inc | 15 Center St, Cochituate, MA 01778-4903 | MA | 1950-04 | $1,198 |
| 9 | Hanover Chamber Of Commerce Inc | Co Crescent Realty Group, Hanover, MA 02339 | MA | 1984-06 | $28,344 |
| 10 | Hanover Foundation For Educational Enrichment Inc | PO BOX 1144, Hanover, MA 02339-1008 | MA | 1993-03 | $24,196 |
| 11 | Hanover Insurance Group Foundation Inc | 440 Lincoln St, Worcester, MA 01653-0002 | MA | 1991-04 | $2,688,691 |
| 12 | Hanover Legion Elderly Housing Corp | 100 Grandview Rd Ste 207, Braintree, MA 02184-2692 | MA | 1980-09 | $955,796 |
| 13 | Hanover Parent Teacher Alliance Inc | PO BOX 92, Hanover, MA 02339-0092 | MA | 2005-03 | $100,805 |
| 14 | Hanover Permanent Scholarship Fund Inc | PO BOX 67, Hanover, MA 02339-0067 | MA | 1980-01 | $85,868 |
| 15 | Hanover Police Boys Club | 550 Hanover St, Hanover, MA 02339-2242 | MA | 1995-02 | $85,039 |
| 16 | Hanover Visiting Nurse Association Inc | 550 Hanover St No 35, Hanover, MA 02339-2242 | MA | 1966-09 | $28,396 |
| 17 | Hanover Youth Athletic Association | PO BOX 14, Hanover, MA 02339-0014 | MA | 1993-09 | $386,361 |
| 18 | Hanover Youth Lacrosse Inc | PO BOX 52, Hanover, MA 02339-0052 | MA | 2002-03 | $80,415 |
| 19 | Hans Garrett Blough Memorial Scholarship Fund Inc | 25 Sunset Rd, Summerville, MA 02144-1228 | MA | 1998-04 | $2,580 |
| 20 | Hans Nagel Charitable Tr | 380 Washington St, Wellesley, MA 02481-6208 | MA | 2006-03 | $193,252 |
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