Lee Family Charitable Foundation 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
| Lee Family Charitable Foundation | |
| Employer Identification Number (EIN) | 046022029 |
| Name of Organization | Lee Family Charitable Foundation |
| In Care of Name | David S Lee Etal Ttee |
| Address | Ten Post Office Square No 600, Boston, MA 02109 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1962 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $364,139 |
| Amount of Income | $90,597 |
| Form 990 Revenue Amount | $38,091 |
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 | $31,482 | $31,482 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $46 | |||
| Dividends and interest from securities | $12,869 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $18,567 | |||
| Total expenses and disbursements | $23,793 | $3,554 | $0 | $19,160 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,793 | $3,554 | $1,160 | |
| Contributions, gifts, grants paid | $18,000 | |||
| Excess of revenue over expenses and disbursements | $7,689 | |||
| Net investment income | $27,928 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $344,677 | $474,843 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $320,297 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $24,380 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $344,677 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $18,567 |
| 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 | $559 |
| Total credits and payments | $800 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $800 |
| 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 | $241 |
| Amount to be credited to 2013 estimated tax | $241 |
| 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 | $474,201 |
| Net value of noncharitable-use assets | $467,080 |
| Minimum investment return | $23,354 |
| Distributable Amount (for 2012) | |
| Distributable amount | $22,795 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $22,795 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $21,543 |
| 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 | Ledger Lend A Hand Foundation | PO BOX 699159, Quincy, MA 02269-9159 | MA | 1999-05 | $120,781 |
| 2 | Ledgeways Charitable Tr, Carbonneau Daniel P Ttee | 200 Clarendon St Fl 35, Boston, MA 02116-5040 | MA | 2005-06 | $644,762 |
| 3 | Ledingham Family Charitable Foundation, William Ledingham Iii Ttee | 77 Woodcliff Rd, Wellesley, MA 02481-1303 | MA | 2008-09 | $5,789 |
| 4 | Ledyard Farm Equine Education Foundation Inc | 82 Walnut Rd, Wenham, MA 01984-1611 | MA | 1977-03 | $17,860 |
| 5 | Lee Central Enriched Housing Inc | C/O Berkshire Housing 1 Fenn St, Pittsfield, MA 01201 | MA | 2004-11 | $350,776 |
| 6 | Lee Chamber Of Commerce | PO BOX 345, Lee, MA 01238-0345 | MA | $113,053 | |
| 7 | Lee Community Development Corp | 480 Pleasant Street, Lee, MA 01238-9265 | MA | 1997-08 | $37,500 |
| 8 | Lee Community Tennis Association | Po Box 188, Lee, MA 01238 | MA | 1993-08 | $18,519 |
| 9 | Lee Elderly Housing Corporation | C/O Berkshire Housing 1 Fenn St, Pittsfield, MA 01201 | MA | 1983-10 | $419,566 |
| 10 | Lee Elementary Parent Teacher Organization Inc | 310 Greylock Street, Lee, MA 01238 | MA | 2007-09 | $0 |
| 11 | Lee Family Charitable Foundation | Ten Post Office Square No 600, Boston, MA 02109 | MA | 1962-04 | $90,597 |
| 12 | Lee Family Foundation Tr, Lee Steven J Ttee | 112 Farm Rd, Sherborn, MA 01770-1624 | MA | 2001-04 | $237,499 |
| 13 | Lee Industrial Realty Corporation | 8 Maplewood Ave, Pittsfield, MA 01201-4709 | MA | 1996-02 | $372,773 |
| 14 | Lee Library Association | 100 Main St, Lee, MA 01238-1614 | MA | 1953-07 | $248,784 |
| 15 | Lee Regional Visiting Nurse Association Inc | 32 Park St, Lee, MA 01238-1717 | MA | 1966-08 | $2,778,156 |
| 16 | Lee Youth Association Inc | PO BOX 115, Lee, MA 01238-0115 | MA | 1981-04 | $467,853 |
| 17 | Verano Fund | C/O Howland Capital Mgmt 75 Federal, Boston, MA 02110 | MA | 2000-02 | $170,368 |
| 18 | Legacy Banks Foundation | PO BOX 1308, Pittsfield, MA 01202-1308 | MA | 2006-11 | $3,430,809 |
| 19 | Legacy Of Spirit Inc | 20 Pleasant Park Rd, Sharon, MA 02067-2540 | MA | 2005-09 | $4,042 |
| 20 | Legal Advocacy & Resource Ctr Inc | 197 Friend St, Boston, MA 02114-1802 | MA | 2000-03 | $816,302 |
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