Leo Wasserman Foundation in W Newton, 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
| Leo Wasserman Foundation | |
| Employer Identification Number (EIN) | 046014473 |
| Name of Organization | Leo Wasserman Foundation |
| In Care of Name | D R Pokross Sr |
| Address | C/O Pokross 100 Valentine St, W Newton, MA 02465 |
| Activities | Other school related activities, Gifts, grants, or loans to other organizations, Other religious activities |
| Subsection | Charitable Organization |
| Ruling Date | 10/1951 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $82,468 |
| Amount of Income | $26,572 |
| Form 990 Revenue Amount | $27,791 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $25,316 | $276 | $0 | |
| Contributions, gifts, grants, etc., received | $25,040 | |||
| Interest on savings and temporary cash investments | $101 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $175 | |||
| Total expenses and disbursements | $40,035 | $0 | $0 | $40,035 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,035 | $0 | $1,035 | |
| Contributions, gifts, grants paid | $39,000 | |||
| Excess of revenue over expenses and disbursements | $-14,719 | |||
| Net investment income | $276 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $91,934 | $91,934 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $91,934 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $91,934 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $175 |
| 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 | $3 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $3 |
| 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? | 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 | $85,212 |
| Net value of noncharitable-use assets | $83,940 |
| Minimum investment return | $4,197 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,194 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,194 |
| 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 | Lenox Garden Club | Po Box 552, Lenox, MA 01240 | MA | 1992-03 | $0 |
| 2 | Lenox Sportsmens Club Inc | PO BOX 499, Lenox, MA 01240-0499 | MA | 1976-02 | $78,772 |
| 3 | Leo Almeida Memorial Fund Inc | 120 Sylvan St, Danvers, MA 01923 | MA | 2006-11 | $0 |
| 4 | Leo And Eve Condakes Charitable Foundation | 159 French Farm Rd, North Andover, MA 01845-1117 | MA | 1988-05 | $162,659 |
| 5 | Leo E Cook Memorial Fund | PO BOX 292, Milton, MA 02186-0003 | MA | 1986-03 | $4,160 |
| 6 | Leo H Bendit Charitable Foundation | 2400 Beacon Street, Chestnut Hill, MA 02467-1467 | MA | 1964-05 | $824,661 |
| 7 | Leo H Rudnick Family Trust Inc | 633 Salisbury St, Worcester, MA 01609-1120 | MA | 1983-05 | $7,073 |
| 8 | Leo L Beranek Foundation | 776 Boylston St Apt E104, Boston, MA 02199-7841 | MA | 1963-05 | $40,611 |
| 9 | Leo Real Estate Services Inc | 156 Broad Street, Lynn, MA 01901-1603 | MA | 2005-07 | $201,179 |
| 10 | Leo Sowerby Foundation | 2 Congress Street, Worcester, MA 01602 | MA | 1995-05 | $2,243 |
| 11 | Leo Wasserman Foundation | C/O Pokross 100 Valentine St, W Newton, MA 02465 | MA | 1951-10 | $26,572 |
| 12 | Leominster Adult Mens Softball Assoc Inc | PO BOX 1027, Leominster, MA 01453-1027 | MA | 1991-08 | $40,095 |
| 13 | Leominster Art Association | C/O Eleanor Delibero 19 Doyle St, Leominster, MA 01453 | MA | 1998-05 | $13,686 |
| 14 | Leominster Credit Union | 20 Adams St, Leominster, MA 01453-5668 | MA | 1955-04 | $53,239,223 |
| 15 | Leominster Development Corporation | 100 Main St, Leominster, MA 01453-5538 | MA | 1996-06 | $264,207 |
| 16 | Leominster Downtown Corporation | 14 Monument Square, Leominster, MA 01453-5766 | MA | 2003-10 | $35,460 |
| 17 | Leominster Education Foundation Inc | 24 Church St, Leominster, MA 01453-3102 | MA | 2007-11 | $74,396 |
| 18 | Leominster High School Alumni Scholarship Fund Inc | 122 Granite St, Leominster, MA 01453-2504 | MA | 1995-01 | $22,546 |
| 19 | Leominster Historical Society Inc | 17 School St, Leominster, MA 01453-3124 | MA | 1971-09 | $13,657 |
| 20 | Leominster Jewish Community Council Inc | 268 Washington St, Leominster, MA 01453-2844 | MA | 1949-09 | $17,563 |
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