Keel Foundation, Wilson P A & K H Olsen Ttees in Boston, 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
| Keel Foundation, Wilson P A & K H Olsen Ttees | |
| Employer Identification Number (EIN) | 043166698 |
| Name of Organization | Keel Foundation |
| Secondary Name | Wilson P A & K H Olsen Ttees |
| In Care of Name | Peter A Wilson Palmer & Dodge |
| Address | 111 Huntington Ave, Boston, MA 02199-7610 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Cooperative |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| 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 | $2,511,634 |
| Amount of Income | $525,660 |
| Form 990 Revenue Amount | $1,286,745 |
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 | $434,509 | $434,509 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $95,155 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $339,354 | |||
| Total expenses and disbursements | $514,894 | $24,261 | $0 | $485,683 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $59,894 | $24,261 | $30,683 | |
| Contributions, gifts, grants paid | $455,000 | |||
| Excess of revenue over expenses and disbursements | $-80,385 | |||
| Net investment income | $410,248 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,804,410 | $3,891,852 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $503,628 | |
| Investments-corporate stock | $1,905,050 | |
| Investments-corporate bonds | $228,982 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $166,750 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,804,410 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $339,354 |
| 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 | $4,102 |
| Total credits and payments | $2,502 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,502 |
| 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 | $1,600 |
| 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? | Yes |
| 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 | $4,244,161 |
| Net value of noncharitable-use assets | $4,180,500 |
| Minimum investment return | $209,025 |
| Distributable Amount (for 2012) | |
| Distributable amount | $204,923 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $204,923 |
| 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 | Katie Brown Educational Program Inc | 10 Purchase St Ste 5, Fall River, MA 02720-3100 | MA | 2002-09 | $331,808 |
| 2 | The Katie Gibbons Foundation | Po Box 351034, Brighton, MA 02135 | MA | 2006-06 | $0 |
| 3 | Katydid Foundation Inc | 7 Julia St, Newburyport, MA 01950-4105 | MA | 2005-07 | $89,529 |
| 4 | Katz Silver Foundation, Katz Nancy G Ttee | 77 Possum Rd, Weston, MA 02493-2317 | MA | 2002-09 | $763,170 |
| 5 | Kawasaki Disease Foundation Inc | 9 Cape Ann Cir, Ipswich, MA 01938-3010 | MA | 2001-05 | $191,209 |
| 6 | Kaya Children International Inc, Huang Chi Pres | 12 R North Commons, Lincoln, MA 01773 | MA | 2003-12 | $310,278 |
| 7 | Kbt Charitable Foundation, Redstone Shari Ellin Et Al Ttee | 846 University Ave, Norwood, MA 02062-2631 | MA | 2006-04 | $1,046,946 |
| 8 | Keane Fam Foundation 092493, Keane John F & Marilyn T Ttees | 10 Kearney Rd Ste 305, Needham, MA 02494-2544 | MA | 1994-03 | $7,458,828 |
| 9 | Keane Inc Voluntary Employees Benefit Trust, Keane John F Sr Et Al Ttees | 100 City Square, Boston, MA 02129-3721 | MA | 1996-09 | $3,549,845 |
| 10 | Kedor Holding Corporation | Silver Bridge 255 State St 6th Fl, Boston, MA 02127 | MA | 2001-01 | $-2,080 |
| 11 | Keel Foundation, Wilson P A & K H Olsen Ttees | 111 Huntington Ave, Boston, MA 02199-7610 | MA | 1992-12 | $525,660 |
| 12 | Keen Charitable Foundation | 150 Staniford St Ste 1, Boston, MA 02114-2557 | MA | 2014-10 | $8,591,985 |
| 13 | Keeping Pace With Multiple Miracles Inc | 194 S Main St, West Bridgewater, MA 02379-1770 | MA | 2008-08 | $142,728 |
| 14 | Keith Koster Memorial Scholarship Fund Inc | 68 Spofford Rd, Boxford, MA 01921-1504 | MA | 2008-05 | $47,125 |
| 15 | Kelleher Family Charitable Trust | 47 Crooked Ln, Duxbury, MA 02332-3903 | MA | 1998-03 | $8,361 |
| 16 | Keller Contribution Account | 95 Rolling Ln, Weston, MA 02493-2474 | MA | 1958-12 | $15,795 |
| 17 | Kelley All Stars Inc | PO BOX 42, Harwich, MA 02645-0042 | MA | 2005-06 | $59,421 |
| 18 | Kelly Family Charitable Foundation | 87 Coffin St, West Newbury, MA 01985-1208 | MA | 2000-04 | $57,803 |
| 19 | Kelly Packowski Ms Foundation Inc | 11 Nichols Ln, Middleton, MA 01949-1522 | MA | 2003-06 | $6,006 |
| 20 | Ken Waldie Senior Sports Circuit Inc | 76 Emsley Ter, Methuen, MA 01844-6624 | MA | 2002-03 | $30,378 |
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