Leona Karp Family Foundation, Karp Leona F Ttee in Framingham, 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
| Leona Karp Family Foundation, Karp Leona F Ttee | |
| Employer Identification Number (EIN) | 046636905 |
| Name of Organization | Leona Karp Family Foundation |
| Secondary Name | Karp Leona F Ttee |
| Address | PO BOX 9175, Framingham, MA 01701-9175 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1990 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $576,608 |
| Amount of Income | $276,897 |
| Form 990 Revenue Amount | $39,986 |
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 | $58,285 | $58,285 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $35,240 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $123 | |||
| Other | $22,922 | |||
| Total expenses and disbursements | $33,954 | $3,919 | $0 | $30,035 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,954 | $3,919 | $35 | |
| Contributions, gifts, grants paid | $30,000 | |||
| Excess of revenue over expenses and disbursements | $24,331 | |||
| Net investment income | $54,366 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $576,705 | $619,360 |
| Cash - non-interest-bearing | $25,882 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $550,823 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $576,705 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $22,922 |
| 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 | $544 |
| Total credits and payments | $1,119 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $519 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $600 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $575 |
| Amount to be credited to 2013 estimated tax | $575 |
| 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 | $624,472 |
| Net value of noncharitable-use assets | $615,100 |
| Minimum investment return | $30,755 |
| Distributable Amount (for 2012) | |
| Distributable amount | $30,211 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $30,211 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $28,973 |
| 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 | Leominster High School Alumni Scholarship Fund Inc | 122 Granite St, Leominster, MA 01453-2504 | MA | 1995-01 | $22,546 |
| 2 | Leominster Historical Society Inc | 17 School St, Leominster, MA 01453-3124 | MA | 1971-09 | $13,657 |
| 3 | Leominster Jewish Community Council Inc | 268 Washington St, Leominster, MA 01453-2844 | MA | 1949-09 | $17,563 |
| 4 | Leominster Land Trust Inc | 325 Lindell Ave, Leominster, MA 01453-5414 | MA | 2001-02 | $25 |
| 5 | Leominster Police Association | 29 Church St, Leominster, MA 01453-3101 | MA | $61,550 | |
| 6 | Leominster Sportsmens Association Inc | PO BOX 484, Leominster, MA 01453-0484 | MA | 2001-09 | $146,518 |
| 7 | Leominster Telecommunications Corp Inc | Corp Inc, Leominster, MA 01453 | MA | 2000-09 | $630,585 |
| 8 | Leominster Youth Soccer Inc | PO BOX 1314, Leominster, MA 01453-8314 | MA | 1991-10 | $91,880 |
| 9 | Leon And Marion D Semonian Charitable Trust Ua 12032004, Semonian Leon Et Al Ttee | 373 Dedham St, Newton, MA 02459-2902 | MA | 2005-03 | $26,725 |
| 10 | Leon S Newton Foundation | PO BOX 1234, Oak Bluffs, MA 02557-1234 | MA | 1955-03 | $3,313 |
| 11 | Leona Karp Family Foundation, Karp Leona F Ttee | PO BOX 9175, Framingham, MA 01701-9175 | MA | 1990-03 | $276,897 |
| 12 | Leonard & Glenyce Kaplan Charitable Foundation | 35 Braintree Hill Office Park, Braintree, MA 02184-8703 | MA | 1968-02 | $519 |
| 13 | Leonard A & Barbara Rosen Charitable Foundation Suite 1000 | C/O 306 Main Street No 400, Worcester, MA 01615 | MA | $10,036 | |
| 14 | Leonard D Hills Trust Uw | 67 Shutesbury Rd, New Salem, MA 01355-9730 | MA | 1975-02 | $1 |
| 15 | Leonard Morse Auxiliary Inc | 67 Union St, Natick, MA 01760-7700 | MA | 1998-10 | $34,181 |
| 16 | Leora M Burgess Trust And Will Fbo, First Parish In Middleboro | 2036 Washington St, Hanover, MA 02339-1617 | MA | 1974-03 | $11,937 |
| 17 | Les Clefs Dor Usa Ltd | 68 Laurie Ave, Boston, MA 02132-5539 | MA | 2000-03 | $599,020 |
| 18 | Les Dames D Escoffier - Boston Inc | Post Office Box 65, Andover, MA 01810 | MA | 1983-06 | $31,077 |
| 19 | Leslie B & Nannette S Lewis Charitable Tr & Foundation, Lewis Leslie B Ttee | 1200 Cabot St, Chestnut Hill, MA 02167 | MA | 1998-10 | $3,235 |
| 20 | Leslie S & Marcia C Ray Foundation Inc, Ray Leslie S Ttee | 129 Dodge Street, Beverly, MA 01915-1862 | MA | 1998-03 | $133,343 |
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