Hitchcock Free Academy in Brimfield, 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
| Hitchcock Free Academy | |
| Employer Identification Number (EIN) | 042277210 |
| Name of Organization | Hitchcock Free Academy |
| Address | 2 Brookfield Road, Brimfield, MA 01010 |
| Activities | Other school related activities, Scholarships (other), Other social activities |
| Subsection | Educational Organization |
| Ruling Date | 10/1945 |
| 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 | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,048,867 |
| Amount of Income | $3,641,470 |
| Form 990 Revenue Amount | $151,913 |
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 | $574,462 | $211,432 | $128,840 | |
| Contributions, gifts, grants, etc., received | $321,097 | |||
| Interest on savings and temporary cash investments | $1,102 | |||
| Dividends and interest from securities | $85,395 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $41,933 | |||
| Other | $124,935 | |||
| Total expenses and disbursements | $200,686 | $9,448 | $49,895 | $147,123 |
| Compensation of officers, directors, trustees, etc. | $8,755 | |||
| Total operating and administrative expenses | $194,686 | $9,448 | $141,123 | |
| Contributions, gifts, grants paid | $6,000 | |||
| Excess of revenue over expenses and disbursements | $373,776 | |||
| Net investment income | $201,984 | |||
| Adjusted net income | $78,945 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,017,101 | $3,550,258 |
| Cash - non-interest-bearing | $2,285 | |
| Investments-U.S. and state government obligations | $87,166 | |
| Investments-corporate stock | $1,091,679 | |
| Investments-corporate bonds | $480,696 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $355,275 | |
| Total liabilities | $2,738 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,738 | |
| Total liabilities and net assets/fund balances | $2,014,363 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $124,935 |
| 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 | $2,020 |
| Total credits and payments | $1,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,000 |
| 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 | $1,020 |
| 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? | Yes |
| 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 | $1,786,972 |
| Net value of noncharitable-use assets | $1,760,160 |
| Minimum investment return | $88,008 |
| 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 | $78,945 | $49,741 | $82,524 | $34,890 | $246,100 |
| Qualifying distributions made directly for active conduct of exempt activities | $154,141 | $121,092 | $122,118 | $93,108 | $490,459 |
| 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 | $58,672 | $54,969 | $55,016 | $48,935 | $217,592 |
| 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 | Historic Winslow House Association Inc | 634 Careswell St, Marshfield, MA 02050-5623 | MA | 1979-11 | $45,671 |
| 2 | Historical Natural History And Library Society Of South Natick Ma | 58 Eliot St, Natick, MA 01760-5542 | MA | 1977-09 | $884,227 |
| 3 | Historical Piano Concerts Inc | 15 Water St, Ashburnham, MA 01430-1258 | MA | 1991-11 | $42,350 |
| 4 | Historical Society | 162 Old Colony Ave, Quincy, MA 02170-3831 | MA | 1997-04 | $65,101 |
| 5 | Historical Society Of Greenfield Mass | 43 Church St, Greenfield, MA 01301-2954 | MA | 1982-02 | $9,515 |
| 6 | Historical Society Of Old Yarmouth | PO BOX 11, Yarmouth Port, MA 02675-0011 | MA | 1956-08 | $77,856 |
| 7 | Historical Society Of Santuit & Contuit Inc | 1148 Main Street, Cotuit, MA 02635 | MA | 1961-05 | $70,616 |
| 8 | Historical Society Of Watertown Inc | 28 Marshall Street, Watertown, MA 02472-3408 | MA | 1954-09 | $0 |
| 9 | History Project Inc | 29 Stanhope Street, Boston, MA 02116 | MA | 1981-11 | $0 |
| 10 | Hitchcock Center Inc | 525 S Pleasant St, Amherst, MA 01002-2550 | MA | 1972-03 | $2,341,903 |
| 11 | Hitchcock Free Academy | 2 Brookfield Road, Brimfield, MA 01010 | MA | 1945-10 | $3,641,470 |
| 12 | Hmr Health Foundation Charitable Trust | 99 Summer St Ste 1200, Boston, MA 02110-1248 | MA | 1990-05 | $60,173 |
| 13 | Hnr Foundation Inc | 40 Union St, Holliston, MA 01746-2652 | MA | 2003-01 | $14,962 |
| 14 | Hobbes-Hands On Boat Based Education And Science Inc | 28 Mohawk Dr, Acton, MA 01720-2312 | MA | 2000-05 | $3,079 |
| 15 | Hockamock Kennel Club Inc | 465 Conant St, Bridgewater, MA 02324-3207 | MA | 2008-03 | $32,319 |
| 16 | Hockey East | 591 North Ave 2, Wakefield, MA 01880-1647 | MA | 1986-08 | $1,790,996 |
| 17 | Hockomock League Sports Inc | 6 Harriet Dr, Bridgewater, MA 02324-3100 | MA | 1996-07 | $133,155 |
| 18 | Hockomock Young Mens Christian Association Inc | 300 Elmwood St, N Attleboro, MA 02760-1304 | MA | 1942-08 | $19,080,259 |
| 19 | Hodges Charitable Foundation 37208, Hodges A C & A C Jr Ttees | 45 School St Fl 5, Boston, MA 02108-3207 | MA | 1998-09 | $125,144 |
| 20 | Hoffman Family Foundation | Lwc 230 Congress St 12fl, Boston, MA 02110 | MA | 1986-04 | $770,928 |
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