New Balance 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
| New Balance Foundation | |
| Employer Identification Number (EIN) | 046470644 |
| Name of Organization | New Balance Foundation |
| Address | 20 Guest St, Boston, MA 02135-2040 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 11/2013 |
| Assets | $50,000,000 to greater |
| Income | $50,000,000 to greater |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $111,437,513 |
| Amount of Income | $85,262,121 |
| Form 990 Revenue Amount | $8,355,239 |
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 | $4,764,752 | $4,764,752 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $506 | |||
| Dividends and interest from securities | $4,512,418 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $251,828 | |||
| Total expenses and disbursements | $6,400,000 | $88,089 | $0 | $6,281,911 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $118,589 | $88,089 | $500 | |
| Contributions, gifts, grants paid | $6,281,411 | |||
| Excess of revenue over expenses and disbursements | $-1,635,248 | |||
| Net investment income | $4,676,663 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $112,387,938 | $115,984,852 |
| Cash - non-interest-bearing | $256,837 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $109,879,020 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $361,782 | |
| Other | $1,890,299 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $112,387,938 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $251,828 |
| 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 | $46,767 |
| Total credits and payments | $63,434 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $63,434 |
| 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 | $16,667 |
| Amount to be credited to 2013 estimated tax | $16,667 |
| 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 | $115,085,447 |
| Net value of noncharitable-use assets | $113,359,160 |
| Minimum investment return | $5,667,958 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5,621,191 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5,621,191 |
| 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 | Neurofeedback Foundation | 32 Elizabeth St, Northamption, MA 01605 | MA | 2004-08 | $45,840 |
| 2 | Neurofibromatosis Incorporated Northeast | 9 Bedford St 3rd Floor, Burlington, MA 01803-3755 | MA | 1989-06 | $750,300 |
| 3 | Neutral Ground Visitation Center | 66 Main St, Carver, MA 02330 | MA | 2005-03 | $39,747 |
| 4 | Neville Communities Home Inc | 57 Wingate Street 5th Floor, Haverhill, MA 01832-5759 | MA | 2000-07 | $17,829,821 |
| 5 | Nevin Scrimshaw International Nutrition Foundation Inc | 150 Harrison Avenue Room 232, Boston, MA 02111-1836 | MA | 1982-08 | $1,104,774 |
| 6 | Nevins Memorial | 305 Broadway, Methuen, MA 01844-6806 | MA | 1940-11 | $3,317,764 |
| 7 | New American Castle Museum Inc | 86 Chester Rd, Chester, MA 01011-9735 | MA | 2007-06 | $116,780 |
| 8 | New American Youth Association Inc | 1345 Centre St, Newton, MA 02459-2582 | MA | 1999-08 | $464,193 |
| 9 | American Assoc Of Jewish Holcaust Survivors Of Greater Boston Inc | 7 Arnold Rd, Wellesley Hls, MA 02481-2819 | MA | 1977-08 | $64,283 |
| 10 | New Arts And Sciences Inc | 75 S Main St Apt 207, Sharon, MA 02067-1966 | MA | 1982-11 | $91,136 |
| 11 | New Balance Foundation | 20 Guest St, Boston, MA 02135-2040 | MA | $85,262,121 | |
| 12 | New Bedford Area Chamber Of Commerce | 794 Purchase St, New Bedford, MA 02740-6344 | MA | 1918-08 | $741,228 |
| 13 | New Bedford Ballet Foundation Inc | 2343 Purchase St, New Bedford, MA 02746-1540 | MA | 1989-02 | $254,672 |
| 14 | New Bedford Chamber Foundation Inc | 794 Purchase St, New Bedford, MA 02740-6344 | MA | 1994-05 | $9,263 |
| 15 | New Bedford Credit Union | 1150 Purchase St, New Bedford, MA 02740-6635 | MA | 1942-04 | $4,264,459 |
| 16 | New Bedford Day Nursery | 295 Brownell Ave, New Bedford, MA 02740-1606 | MA | 2001-05 | $213,472 |
| 17 | New Bedford Festival Theatre Inc | 684 Purchase St, New Bedford, MA 02740-6340 | MA | 1995-06 | $246,884 |
| 18 | New Bedford Fish Lumpers Welfare Plan | 114 Macarthur Dr Unit 6, New Bedford, MA 02740-7279 | MA | 1971-09 | $6,485 |
| 19 | New Bedford Fishermens Welfare Fund | 114 Macarthur Drive 9, New Bedford, MA 02740-7279 | MA | 1960-07 | $1,434,295 |
| 20 | New Bedford Historical Society | 21 7th St, New Bedford, MA 02740-5932 | MA | 1999-08 | $191,481 |
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