Highland Street Connection in Newton, 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Massachusetts
| Highland Street Connection | |
| Employer Identification Number (EIN) | 043048298 |
| Name of Organization | Highland Street Connection |
| Address | 3 Newton Executive Park Ste 104, Newton, MA 02462-1433 |
| Subsection | Charitable Organization |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $50,000,000 to greater |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $174,869,856 |
| Amount of Income | $30,517,678 |
| Form 990 Revenue Amount | $14,109,141 |
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 | $17,642,839 | $17,642,839 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $105,291 | |||
| Dividends and interest from securities | $3,951,581 | |||
| Gross rents | $-36,890 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1,810,726 | |||
| Other | $11,812,131 | |||
| Total expenses and disbursements | $17,490,689 | $2,908,346 | $0 | $14,372,552 |
| Compensation of officers, directors, trustees, etc. | $296,567 | |||
| Total operating and administrative expenses | $5,373,222 | $2,908,346 | $2,255,085 | |
| Contributions, gifts, grants paid | $12,117,467 | |||
| Excess of revenue over expenses and disbursements | $152,150 | |||
| Net investment income | $14,734,493 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $176,346,410 | $192,630,472 |
| Cash - non-interest-bearing | $84,482 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $12,058,107 | |
| Investments-corporate bonds | $7,767,750 | |
| Investments-mortgage loans | $6,797,682 | |
| Investments-other | $45,363,618 | |
| Other | $104,274,771 | |
| Total liabilities | $13,511,079 | |
| Mortgages and other notes payable | $13,502,212 | |
| Other | $8,867 | |
| Total liabilities and net assets/fund balances | $162,835,331 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $11,812,131 |
| 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 | $147,345 |
| Total credits and payments | $174,313 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $174,313 |
| 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 | $26,968 |
| Amount to be credited to 2013 estimated tax | $26,968 |
| 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 | $183,880,289 |
| Net value of noncharitable-use assets | $181,122,080 |
| Minimum investment return | $9,056,104 |
| Distributable Amount (for 2012) | |
| Distributable amount | $8,942,511 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $8,942,511 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $60,857 | $66,001 | $54,257 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $3,000 | $0 | $3,000 |
| Income (loss) from partnerships and S corporations | $55,600 | $21 | $55,600 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $8,257 | $6,600 | $1,657 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $6,164 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $713 |
| Taxes and licenses | $0 |
| Charitable contributions | $67 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $5,384 |
| Unrelated business taxable income | $4,703 |
| Unrelated business taxable income before net operating loss deduction | $48,093 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $48,093 |
| Specific deduction | $1,000 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Harvard Bulletin Incorporated | 7 Ware St, Cambridge, MA 02138-4001 | MA | 1938-10 | $4,219,147 |
| 2 | Harvard Student Agencies Inc | 67 Mount Auburn St, Cambridge, MA 02138-4961 | MA | 1959-10 | $2,026,025 |
| 3 | Harvard Yearbook Publications Fund Tr, Goldberg Marc E Ttee | PO BOX 380002, Cambridge, MA 02238-0002 | MA | 1997-06 | $82,655 |
| 4 | Harwich Cranberry Festival Inc | PO BOX 555, Harwich Port, MA 02646-0555 | MA | 1995-12 | $63,171 |
| 5 | Hawthorne Youth And Community Center Incorporated | 9 Fulda St, Roxbury, MA 02119-1408 | MA | 1976-03 | $131,520 |
| 6 | Harvard Business School Student Association Inc | Teele Hall Soldiers Field Rd Rm 277, Boston, MA 02163 | MA | 1949-08 | $874,291 |
| 7 | Henry E And Nancy Horton Bartels Trust For The Benefit Of Historic, Deerfield Inc | PO BOX 321, Deerfield, MA 01342-0321 | MA | 1994-10 | $2,220,986 |
| 8 | Henry P Kendall Foundation Trust | 176 Federal St, Boston, MA 02110-2214 | MA | 1959-11 | $24,787,632 |
| 9 | Heritage Plantation Of Sandwich Inc | 67 Grove St, Sandwich, MA 02563-2110 | MA | 1994-03 | $5,219,544 |
| 10 | Herman And Frieda L Miller Foundation | 77 Summer Street - 8th Floor, Boston, MA 02110-1006 | MA | 1998-05 | $18,378,680 |
| 11 | Highland Street Connection | 3 Newton Executive Park Ste 104, Newton, MA 02462-1433 | MA | $30,517,678 | |
| 12 | Historic Highfield Inc | PO BOX 494, Falmouth, MA 02541-0494 | MA | 1994-10 | $2,216,624 |
| 13 | Hope House Inc | 42 Upton St, Boston, MA 02118-1610 | MA | 1967-09 | $2,489,436 |
| 14 | Hopkinton Music Association | PO BOX 242, Hopkinton, MA 01748-0242 | MA | 2003-03 | $119,524 |
| 15 | Horizons Collaborative Inc | One Washington Mall, Boston, MA 02108-2616 | MA | 2000-10 | $279,997 |
| 16 | House Of Seven Gables Settlement Association | Settlement Association 115 Derby St, Salem, MA 01970 | MA | 1927-04 | $2,351,769 |
| 17 | Housing Opportunities & Management Enterprises Inc | 100 Willow Street, Lynn, MA 01901-1139 | MA | 1989-09 | $552,108 |
| 18 | Hyams Foundation Inc | 50 Federal St Fl 9, Boston, MA 02110-2509 | MA | 1995-04 | $28,139,075 |
| 19 | Improvisation Center Of Boston Inc | 1253 Cambridge St, Cambridge, MA 02139-1338 | MA | 1994-12 | $924,617 |
| 20 | Inquilinos Boricuas En Accion | 405 Shawmut Ave, Boston, MA 02118-2029 | MA | 1971-03 | $3,023,748 |
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