Marilyn & Mike Grossman Foundation in Quincy, 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
| Marilyn & Mike Grossman Foundation | |
| Employer Identification Number (EIN) | 046115409 |
| Name of Organization | Marilyn & Mike Grossman Foundation |
| Address | 1266 Furnace Brook Parkway Suite, Quincy, MA 02169-4758 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1966 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2014 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $916,485 |
| Amount of Income | $401,975 |
| Form 990 Revenue Amount | $16,721 |
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 | $32,785 | $32,785 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $5 | |||
| Dividends and interest from securities | $14,332 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $18,448 | |||
| Total expenses and disbursements | $56,812 | $6,403 | $0 | $49,833 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,729 | $6,403 | $-250 | |
| Contributions, gifts, grants paid | $50,083 | |||
| Excess of revenue over expenses and disbursements | $-24,027 | |||
| Net investment income | $26,382 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $751,930 | $1,088,515 |
| 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 | $738,896 | |
| Other | $13,034 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $751,930 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $18,448 |
| 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 | $528 |
| Total credits and payments | $240 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $240 |
| 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 | $288 |
| 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 | $1,051,063 |
| Net value of noncharitable-use assets | $1,035,300 |
| Minimum investment return | $51,765 |
| Distributable Amount (for 2012) | |
| Distributable amount | $51,237 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $51,237 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $51,237 |
| 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 | Marian Cooke Lynch Missions For Christ Inc | PO BOX 7461, New Bedford, MA 02742-7461 | MA | 2000-03 | $48 |
| 2 | Marian Hancock Burgess Foundation | 2228 Highland Ave, West Newton, MA 02465 | MA | 2001-09 | $1,880 |
| 3 | Marian Manor Inc | 33 Summer St, Taunton, MA 02780-3479 | MA | 1946-03 | $9,891,625 |
| 4 | Marianne J H Witherby Foundation | One International Pl, Boston, MA 02110-2602 | MA | 2000-12 | $299,362 |
| 5 | Maribeth Merrigan Foundation Inc | 18 Fairfax Road, Milton, MA 02186 | MA | 1998-02 | $5,023 |
| 6 | Marie C Petrilli Cancer Research & Treatment Memorial Fund | 11 Nahant Ave, Winthrop, MA 02152 | MA | 2000-09 | $121,220 |
| 7 | Marietta W Dyer Trust Uw | 2036 Washington St, Hanover, MA 02339-1617 | MA | 1984-03 | $394,501 |
| 8 | Marigold Charitable Tr, Laurie J Hall Ttee | 100 Summer St, Boston, MA 02110-2106 | MA | 2006-06 | $1,172,787 |
| 9 | Marigold Inc | 125 Montague Rd, Amherst, MA 01002-1097 | MA | 2006-12 | $63,132 |
| 10 | Marillac Residence Inc | 125 Oakland St, Wellesley Hls, MA 02481-5338 | MA | 1946-03 | $3,514,028 |
| 11 | Marilyn & Mike Grossman Foundation | 1266 Furnace Brook Parkway Suite, Quincy, MA 02169-4758 | MA | 1966-05 | $401,975 |
| 12 | Marilyn Kass Cicero And Arthur Bcicero Tzedakah Foundation Inc | 11 Cooke Rd, Lexington, MA 02420-2313 | MA | 2007-06 | $18 |
| 13 | Marine And Paleobiological Research Institute Inc | Po Box 1016, Vineyard Haven, MA 02568 | MA | 2004-11 | $8,028 |
| 14 | Marine Biological Laboratory Port-Retirement Medical Care Fund | 7 Mbl Street, Woods Hole, MA 02543-1015 | MA | 1995-11 | $244,008 |
| 15 | Marine Corps League | 592 Loomis Street, Westfield, MA 01085 | MA | 1946-07 | $248,627 |
| 16 | Marine Corps League, 137 Pittsfield Detachment | 55 Linden St, Pittsfield, MA 01201-3213 | MA | 1946-07 | $875 |
| 17 | Marine Corps League, 139 Mcl Pvt Charles J Shutt Detachm | 215 Mount Auburn St, Watertown, MA 02472-4013 | MA | 1946-07 | $128,561 |
| 18 | Marine Corps League, William R Caddy Detachment | 111 Newbury Ave, Quincy, MA 02171-2237 | MA | 1967-03 | $134,242 |
| 19 | Marine Corps League, Worcester Detachment | 181 Lake Ave, Worcester, MA 01604-1137 | MA | 1970-02 | $327,718 |
| 20 | Marine Museum At Fall River Inc | 70 Water St, Fall River, MA 02721-1515 | MA | 2012-08 | $129,243 |
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