Jack Forte Foundation Inc in Newtonville, 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
| Jack Forte Foundation Inc | |
| Employer Identification Number (EIN) | 222581135 |
| Name of Organization | Jack Forte Foundation Inc |
| Address | PO BOX 600805, Newtonville, MA 02460-0008 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1985 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| 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 | $2,965,187 |
| Amount of Income | $708,023 |
| Form 990 Revenue Amount | $544,841 |
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 | $240,229 | $240,229 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $28 | |||
| Dividends and interest from securities | $86,831 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $153,370 | |||
| Total expenses and disbursements | $298,088 | $35,996 | $0 | $260,050 |
| Compensation of officers, directors, trustees, etc. | $30,000 | |||
| Total operating and administrative expenses | $68,088 | $35,996 | $30,050 | |
| Contributions, gifts, grants paid | $230,000 | |||
| Excess of revenue over expenses and disbursements | $-57,859 | |||
| Net investment income | $204,233 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,965,187 | $4,336,794 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,443,772 | |
| Investments-corporate bonds | $367,487 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $2,935 | |
| Other | $150,993 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,965,187 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $153,370 |
| 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 | $2,042 |
| Total credits and payments | $6,103 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $6,103 |
| 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 | $4,061 |
| Amount to be credited to 2013 estimated tax | $4,061 |
| 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 | $4,346,499 |
| Net value of noncharitable-use assets | $4,281,300 |
| Minimum investment return | $214,065 |
| Distributable Amount (for 2012) | |
| Distributable amount | $212,023 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $212,023 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $117,988 |
| 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 | J Joseph Shanley Scholarship Fund | 50 Stanford St, Boston, MA 02114-2517 | MA | 1971-12 | $912 |
| 2 | J M J San Damiano Center Inc | PO BOX 94, Natick, MA 01760-0002 | MA | 1979-07 | $500 |
| 3 | J Owen Todd Charitable Foundation, Christopher Weld Jr Ttee | C/O J Owen Todd 28 State Street, Boston, MA 02109 | MA | 2007-01 | $74,628 |
| 4 | J P Warner Charitable Tr, Jon J P Warner Md Ttee | 471 Wellesley St, Weston, MA 02493-2600 | MA | 2008-03 | $115 |
| 5 | J S & Sadye Z Gordon Family Foundation | 32 Monadnock Rd, Wellesley Hls, MA 02481-1338 | MA | 1953-05 | $150,730 |
| 6 | J W Killam Parent Teacher Organization Inc | 333 Charles St, Reading, MA 01867-1831 | MA | 2004-05 | $60,253 |
| 7 | Jack & Bonnie Mollen Charitable Foundation Tr, Mollen Jack Ttee | 118 Huntington Ave Apt 1801, Boston, MA 02116-5776 | MA | 2006-03 | $1,109,619 |
| 8 | Jack And Beulah Tzedakah Fund Inc | C/O Joel Bresler 250 E Emerson Road, Lexington, MA 02420 | MA | 1991-12 | $13,614 |
| 9 | Jack Barry Little League Inc | 154 Old Mill Rd, Shrewsbury, MA 01545 | MA | 1970-11 | $34,366 |
| 10 | Jack Breed Charitable Tr | 1384 Commonwealth Avenue, Allston, MA 02134 | MA | 1998-06 | $0 |
| 11 | Jack Forte Foundation Inc | PO BOX 600805, Newtonville, MA 02460-0008 | MA | 1985-04 | $708,023 |
| 12 | Jack H And Ruth C Campbell Fdn Inc | 100 Federal St 37th Flr, Boston, MA 02110-1802 | MA | 1994-11 | $663,975 |
| 13 | Jack Kaczmarek Memorial Fund | 9 Maple Ter, Newton, MA 02458-1935 | MA | 2005-10 | $11,576 |
| 14 | Jack Kelly Scholarship Fund Inc | 11 Brunnell Dr, Holden, MA 01520-1071 | MA | 1997-01 | $7,905 |
| 15 | Jack & Marci Williams Endowment For Wednesdays Child Inc | PO BOX 136, Weston, MA 02493-0005 | MA | 2000-04 | $1,640,933 |
| 16 | Jackie Moore Child Safety Fund Inc | 27 Red Mill Rd, Bridgewater, MA 02324-3595 | MA | 2005-03 | $1,014 |
| 17 | Jackson Mann Community School Council Inc | 500 Cambridge St, Allston, MA 02134-2006 | MA | 1976-10 | $916,240 |
| 18 | Jackson Street School Parent Teacher Organization Inc, Jackson Street School Pto Inc | 120 Jackson St, Northampton, MA 01060-1650 | MA | 1990-03 | $82,314 |
| 19 | Jacob Bradbury Bean Foundation | 20 Glass Ter, Duxbury, MA 02332-4844 | MA | 2004-06 | $110,078 |
| 20 | Jacob Edwards Library | 236 Main St, Southbridge, MA 01550-2504 | MA | 2004-09 | $951,038 |
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