New England Grenfell Association 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
- Organizations performing similar types of work
| New England Grenfell Association | |
| Employer Identification Number (EIN) | 042192696 |
| Name of Organization | New England Grenfell Association |
| In Care of Name | Welch & Forbes |
| Address | 45 School St Fl 5, Boston, MA 02108-3207 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1925 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $10,100,014 |
| Amount of Income | $1,609,201 |
| Form 990 Revenue Amount | $593,527 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $1,609,201 (it was $639,840 in 2012)
| New England Grenfell Association: | $1,609,201 |
| Other organizations performing similar types of work: | $182,919 |
Assets in 2013: $10,100,014 (it was $8,770,275 in 2012)
| New England Grenfell Association: | $10,100,014 |
| Other organizations performing similar types of work: | $564,464 |
Expenses in 2012: $418,336
| This organization: | $418,336 |
| Other organizations performing similar types of work: | $67,216 |
Income to expenses ratio in 2012: 3.8
| This organization: | 3.8 |
| Other organizations performing similar types of work: | 2.9 |
Grants share in income in 2012: 0.3%
| This organization: | 0.3% |
| Other organizations performing similar types of work: | -0.0% |
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 | $220,208 | $263,360 | $0 | |
| Contributions, gifts, grants, etc., received | $600 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $263,360 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $418,336 | $61,874 | $0 | $340,938 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $115,493 | $61,874 | $38,095 | |
| Contributions, gifts, grants paid | $302,843 | |||
| Excess of revenue over expenses and disbursements | $-198,128 | |||
| Net investment income | $201,486 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,770,275 | $8,770,275 |
| Cash - non-interest-bearing | $4,340 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $7,186,882 | |
| Investments-corporate bonds | $1,046,799 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $104,150 | |
| Other | $428,104 | |
| Total liabilities | $83,837 | |
| Mortgages and other notes payable | $0 | |
| Other | $83,837 | |
| Total liabilities and net assets/fund balances | $8,686,438 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-43,752 |
| 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 | $4,030 |
| Total credits and payments | $10,800 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $10,800 |
| 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 | $6,770 |
| Amount to be credited to 2013 estimated tax | $6,770 |
| 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 | $8,671,413 |
| Net value of noncharitable-use assets | $8,541,340 |
| Minimum investment return | $427,067 |
| Distributable Amount (for 2012) | |
| Distributable amount | $423,037 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $423,037 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $326,824 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Murphy Family Foundation | PO BOX 73, New York, NY 10274-0073 | NY | 1995-01 | $4,225,123 |
| 2 | Tracy Family Foundation | PO BOX 25, Mt Sterling, IL 62353-0025 | IL | 1997-12 | $3,593,976 |
| 3 | Turn 2 Foundation Inc | 1360 East 9th St, Cleveland, OH 44114-1782 | OH | 1997-07 | $3,402,750 |
| 4 | Vivian L Smith Foundation For Neurologic Research | 1900 West Loop S Ste 1050, Houston, TX 77027-3295 | TX | 1981-03 | $3,383,098 |
| 5 | The Moshe And Frady Kalter Foundation Inc | C/O Moshe Kalter 1621 54th Street, Brooklyn, NY 11204 | NY | 1995-09 | $2,798,732 |
| 6 | S P & Estelle Yates Family Foundation | 101 South 4th Street Suite B, Artesia, NM 88210-2177 | NM | 1995-11 | $2,668,068 |
| 7 | Redman Foundation Inc | PO BOX 38567, Dallas, TX 75238-0567 | TX | 1995-11 | $2,300,377 |
| 8 | The Franklin Lewis Robuck Family Foundation Inc | PO BOX 17102, Raleigh, NC 27619-7102 | NC | 1995-08 | $2,298,488 |
| 9 | Sirus Fund | 750 Third Ave 21 Fl, New York, NY 10017-2703 | NY | 1997-03 | $2,252,827 |
| 10 | New England Grenfell Association | 45 School St Fl 5, Boston, MA 02108-3207 | MA | 1925-10 | $1,609,201 |
| 11 | Bulova Gale Foundation | C/O David L Orenstein - 75 North St, Pittsfield, MA 01201 | MA | 1996-05 | $1,306,134 |
| 12 | Crossways Charitable Foundation | 100 Summer St, Boston, MA 02110-1221 | MA | 1996-08 | $654,971 |
| 13 | Frederick O J Muzi Foundation | 557 Highland Ave, Needham Hgts, MA 02494-2203 | MA | 1995-05 | $350,019 |
| 14 | Pat Darrigo Charitable Trust, Darrigo Joseph Trustee | 161 Worcester Rd Ste 408, Framingham, MA 01701-5300 | MA | 1995-12 | $146,112 |
| 15 | Frank B Mazer Foundation, Mazer Frank B Ttee | 10 Saville St, Cambridge, MA 02138-1310 | MA | 1998-11 | $115,760 |
| 16 | Pine Point Foundation | 150 Somerset St, Belmont, MA 02478-2011 | MA | 1997-06 | $111,739 |
| 17 | Rachel H Kangisser Charitable Trust, Kangisser Rachel H Ttee | 15 Penniman Rd, Brookline, MA 02445-4127 | MA | 1995-12 | $82,397 |
| 18 | Sigel Family Foundation | 117 Paddock Cir, Mashpee, MA 02649-4206 | MA | 1995-02 | $75,069 |
| 19 | G Barrie Landry Charitable Foundation | 50 Cole Pkwy Ste 27, Scituate, MA 02066-1337 | MA | 1997-05 | $57,467 |
| 20 | Raymond E & Marie V Fontaine Family Foundation Inc | PO BOX 2018, Dennis, MA 02638-5018 | MA | 1997-05 | $24,512 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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