The Iusn Foundation in Walpole, 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
| The Iusn Foundation | |
| Employer Identification Number (EIN) | 043405524 |
| Name of Organization | The Iusn Foundation |
| In Care of Name | J William Semich Pres |
| Address | 689 Main Street No 228, Walpole, MA 02081-3717 |
| Activities | Described in section 509(a)(2) of the Code, Supplying money, goods or services to the poor |
| Subsection | Charitable Organization |
| Ruling Date | 08/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $76,110 |
| Amount of Income | $970,582 |
| Form 990 Revenue Amount | $510,808 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Education (Not Elsewhere Classified) |
Non-representatives - add comments:
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 | $500,000 | $0 | $500,000 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $500,000 | |||
| Total expenses and disbursements | $603,266 | $0 | $154,372 | $465,762 |
| Compensation of officers, directors, trustees, etc. | $65,345 | |||
| Total operating and administrative expenses | $603,266 | $0 | $465,762 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-103,266 | |||
| Net investment income | $0 | |||
| Adjusted net income | $345,628 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $96,592 | $83,718 |
| Cash - non-interest-bearing | $14,536 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $82,056 | |
| Total liabilities | $409,827 | |
| Mortgages and other notes payable | $0 | |
| Other | $409,827 | |
| Total liabilities and net assets/fund balances | $-313,235 | |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | 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 | $95,915 |
| Net value of noncharitable-use assets | $94,480 |
| Minimum investment return | $4,724 |
| 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 | $4,724 | $5,761 | $7,997 | $4,139 | $22,621 |
| Qualifying distributions made directly for active conduct of exempt activities | $465,762 | $522,239 | $482,614 | $355,177 | $1,825,792 |
| Value of all assets | $96,592 | $114,916 | $169,279 | $81,063 | $461,850 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $96,592 | $114,916 | $169,279 | $81,063 | $461,850 |
| 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) | $500,000 | $511,551 | $500,000 | $250,000 | $1,761,551 |
| 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 | International Union Of Painters And Allied Trades, 1138 Lu | 28 Eaton Rd, Quincy, MA 02169-3206 | MA | 1941-07 | $85,394 |
| 2 | International Union Security Police Fire Professionals Of America, 542 Local Spfpa | 21 Sherman St, Foxboro, MA 02035-2920 | MA | 1949-12 | $63,246 |
| 3 | International Union United Auto Aerospace & Agricultural Workers, 1596 Uaw | 960 Turnpike St Ste 2c, Canton, MA 02021-2851 | MA | 1970-05 | $844,422 |
| 4 | International Union United Auto Aerospace & Agricultural Workers, 2324 Uaw Local | 650 Beacon St 4th Floor, Boston, MA 02215-2007 | MA | 1941-06 | $347,988 |
| 5 | International Union United Auto Aerospace & Agricultural Workers, 422 Uaw Local | PO BOX 2394, Plainville, MA 02762-0299 | MA | 1941-06 | $77,546 |
| 6 | International Union United Auto Aerospace & Agricultural Workers, 470 Uaw | 85 Bodwell Street, Avon, MA 02322-1190 | MA | 1941-06 | $89,689 |
| 7 | International Union United Auto Aerospace & Agricultural Workers, 2322 Uaw Local | 4 Open Square Way Ste 406, Holyoke, MA 01040-6328 | MA | 1941-06 | $1,383,343 |
| 8 | Jacobs University Bremen Foundation Of America Inc | C/O MCMANUS CPA PC PO BOX 130259 NO, Boston, MA 02113 | MA | 2003-04 | $18,803 |
| 9 | International Wildlife Coalition Inc | PO BOX 200, S Yarmouth, MA 02664-0200 | MA | 2002-02 | $226,468 |
| 10 | Internatonal Relations Council Inc Harvard University | 59 Shepard St Soch Box 205, Cambridge, MA 02138-1558 | MA | 1980-11 | $786,271 |
| 11 | The Iusn Foundation | 689 Main Street No 228, Walpole, MA 02081-3717 | MA | 1998-08 | $970,582 |
| 12 | Interntl Brth Of Elec Local 223 Health And Wealfare | PO BOX 1238, Lakeville, MA 02347-7238 | MA | 1982-09 | $4,475,558 |
| 13 | Interseminarian-Project Place Inc | 1145 Washington Street, Boston, MA 02118-2728 | MA | 1969-08 | $2,537,540 |
| 14 | Interstate Hotels Corporation Employee Health And Welfare Trust | 1 Bennett St, Cambridge, MA 02138-5707 | MA | 1984-09 | $4,890,952 |
| 15 | Interstitial Arts Foundation Inc | 2 Newcastle Rd, Brighton, MA 02135-1817 | MA | 2004-02 | $4,876 |
| 16 | Intervalley Project Inc | 1075 Washington Street, West Newton, MA 02465-2185 | MA | 2001-11 | $299,715 |
| 17 | Intl Union Of Electronic Electrical Salaried Mach&furn Workers Aflcio, Iue Cwa Local 1776 | Po Box 1108, Marblehead, MA 01945 | MA | 1950-08 | $42,942 |
| 18 | Invest In Knowledge Initiative-A Nonprofit Corporation | 81 Child St No 2, Jamaica Plain, MA 02130 | MA | 2006-01 | $334,660 |
| 19 | Invest In Others Charitablefoundation Inc | 75 State St 24th Floor, Boston, MA 02109-1827 | MA | 2007-02 | $847,940 |
| 20 | Tiff Charitable Foundation | 97 Mount Auburn St, Cambridge, MA 02138-4901 | MA | 1991-05 | $2,140,712 |
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