Mason Wright Foundation Inc in Springfield, 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
| Mason Wright Foundation Inc | |
| Employer Identification Number (EIN) | 042105936 |
| Name of Organization | Mason Wright Foundation Inc |
| In Care of Name | Alan Popp Ceo |
| Address | 74 Walnut St, Springfield, MA 01105-1524 |
| Activities | Hospital, Housing for the aged (see also 153), Services for the aged (see also 153 ad 382) |
| Subsection | Charitable Organization |
| Ruling Date | 04/1938 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation exempt from paying excise taxes on investment income |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $16,126,261 |
| Amount of Income | $5,076,641 |
| Form 990 Revenue Amount | $254,720 |
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 | $528,832 | $477,119 | $257,278 | |
| Contributions, gifts, grants, etc., received | $35,617 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $237,714 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $5,000 | |||
| Other | $250,501 | |||
| Total expenses and disbursements | $286,361 | $43,419 | $0 | $242,240 |
| Compensation of officers, directors, trustees, etc. | $139,570 | |||
| Total operating and administrative expenses | $286,361 | $43,419 | $242,240 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $242,471 | |||
| Net investment income | $433,700 | |||
| Adjusted net income | $257,278 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $15,432,116 | $16,240,500 |
| Cash - non-interest-bearing | $7,604 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $8,828,850 | |
| Other | $6,595,662 | |
| Total liabilities | $18,010 | |
| Mortgages and other notes payable | $0 | |
| Other | $18,010 | |
| Total liabilities and net assets/fund balances | $15,414,106 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $250,501 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | Yes |
| 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 | $16,139,155 |
| Net value of noncharitable-use assets | $15,897,060 |
| Minimum investment return | $794,853 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $257,278 | $266,201 | $202,812 | $338,597 | $1,064,888 |
| Qualifying distributions made directly for active conduct of exempt activities | $242,240 | $272,777 | $13,707 | $9,500 | $538,224 |
| Value of all assets | $16,240,500 | $15,669,502 | $15,856,182 | $15,415,884 | $63,182,068 |
| 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 | Mashpee Old Indian Meeting House Authority Inc | 483 Great Neck Rd S, Mashpee, MA 02649-3707 | MA | 1967-03 | $141,359 |
| 2 | Mashpee Parent Teacher Organization | 152 Old Barnstable Rd, Mashpee, MA 02649-3232 | MA | 2002-12 | $77,054 |
| 3 | Mashpee Police Foundation Inc | 19 Frank Hicks Dr, Mashpee, MA 02649-3274 | MA | 2007-10 | $22,924 |
| 4 | Mashpee Scholarship Foundation Tr, Holmquist Richard J Ttee | PO BOX 1284, Mashpee, MA 02649-1284 | MA | 2000-11 | $34,674 |
| 5 | Mashpee Wampanoag Indian Tribal Council Inc | PO BOX 1048, Mashpee, MA 02649-1048 | MA | 1981-01 | $991,856 |
| 6 | Mashpee Womens Club | PO BOX 1613, Mashpee, MA 02649-1613 | MA | 2000-04 | $44,770 |
| 7 | Masiphumelele Corporation | C/O Robert P Maloney Esq 100 Cambri, Boston, MA 02114 | MA | 2000-01 | $275,195 |
| 8 | Maslon Foundation | 19 Exeter St, Newton, MA 02465-2620 | MA | 1957-07 | $7 |
| 9 | Mason Contractors Association Of Massachusetts Inc | PO BOX 47, Bridgewater, MA 02324-0047 | MA | 1976-08 | $220,055 |
| 10 | Mason Square Veterans Association Inc | 11 Isabelle St Apt B, Springfield, MA 01109-2521 | MA | 2007-03 | $72,958 |
| 11 | Mason Wright Foundation Inc | 74 Walnut St, Springfield, MA 01105-1524 | MA | 1938-04 | $5,076,641 |
| 12 | Mason-Rice After School Program Inc | 149 Pleasant St, Newton Centre, MA 02459-1824 | MA | 1981-08 | $682,494 |
| 13 | Masonic Angel Fondation Inc | PO BOX 1389, Orleans, MA 02653-1389 | MA | 2001-03 | $174,128 |
| 14 | Masonry Industry Equality Fund | 550 Medford St, Charlestown, MA 02129-1405 | MA | 1997-08 | $120,000 |
| 15 | Mass 1to1 | 12 Littleville Rd, Huntington, MA 01050-9761 | MA | 2008-09 | $199,944 |
| 16 | Mass Alliance | 8 Beacon St Fl 4, Boston, MA 02108-3722 | MA | 2006-05 | $233,226 |
| 17 | Mass Assn For Occupational Therapy | 57 Madison Rd, Waltham, MA 02453-6718 | MA | 1946-05 | $74,402 |
| 18 | Mass Assoc For The Advancement Of Individual Potential Inc | PO BOX 1265, Barnstable, MA 02630-2250 | MA | 1979-02 | $5,383 |
| 19 | Plumbing-Heating-Cooling Contractors Of Massachusetts Inc, Cooling Contractors | 400 Washington St Ste 401, Braintree, MA 02184-4767 | MA | 1970-11 | $1,001,448 |
| 20 | Mass Association Of School Committes Inc | 1 Mckinley Sq, Boston, MA 02109-2603 | MA | 1953-02 | $2,137,442 |
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