Newburyport Howard Benevolent Society in Newburyport, 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
| Newburyport Howard Benevolent Society | |
| Employer Identification Number (EIN) | 046041304 |
| Name of Organization | Newburyport Howard Benevolent Society |
| Address | PO BOX 9, Newburyport, MA 01950-0009 |
| Activities | Gifts, grants, or loans to other organizations, Gifts or grants to individuals (other than scholarships) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1971 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,353,939 |
| Amount of Income | $277,232 |
| Form 990 Revenue Amount | $464,194 |
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 | $250,619 | $114,025 | $114,025 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $8,031 | |||
| Dividends and interest from securities | $105,994 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $136,594 | |||
| Total expenses and disbursements | $105,472 | $44,058 | $44,058 | $84,755 |
| Compensation of officers, directors, trustees, etc. | $30,851 | |||
| Total operating and administrative expenses | $45,399 | $44,058 | $24,682 | |
| Contributions, gifts, grants paid | $60,073 | |||
| Excess of revenue over expenses and disbursements | $145,147 | |||
| Net investment income | $69,967 | |||
| Adjusted net income | $69,967 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,254,985 | $3,626,085 |
| Cash - non-interest-bearing | $8,287 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,441,327 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $805,371 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,254,985 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $136,594 |
| 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 | $1,399 |
| Total credits and payments | $1,207 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,207 |
| 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 | $192 |
| 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 | $3,386,710 |
| Net value of noncharitable-use assets | $3,335,900 |
| Minimum investment return | $166,795 |
| 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 | $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 | Newburyport Art Association Inc | 65 Water St, Newburyport, MA 01950-2836 | MA | 1971-02 | $264,987 |
| 2 | Newburyport Boys Basketball Association | 15 Rawson Hill Rd, Newburyport, MA 01950-3725 | MA | 2007-08 | $70,521 |
| 3 | Newburyport Choral Society Inc | PO BOX 92, Newburyport, MA 01950-0192 | MA | 1983-03 | $104,440 |
| 4 | Newburyport Community Media Center Inc | 3 Graf Road, Newburyport, MA 01950-4604 | MA | 2007-06 | $292,063 |
| 5 | Newburyport District Nursing Service Inc | PO BOX 712, Newburyport, MA 01950-0912 | MA | 1963-11 | $36,684 |
| 6 | Newburyport Education Foundation | PO BOX 1002, Newburyport, MA 01950-6002 | MA | 2002-06 | $371,484 |
| 7 | Newburyport Education-Business Coalition Inc | PO BOX 853, Newburyport, MA 01950 | MA | 1994-04 | $0 |
| 8 | Newburyport Elementary Parent Teacher Organization | 333 High St, Newburyport, MA 01950-3744 | MA | 2002-08 | $97,593 |
| 9 | Newburyport Five Cents Savings Charitable Foundation Inc | 63 State St, Newburyport, MA 01950-6615 | MA | 2003-12 | $337,092 |
| 10 | Newburyport High School Alumni Association Inc | 2 Dorothy E Lucey Drive, Newburyport, MA 01950 | MA | 2000-09 | $11,504 |
| 11 | Newburyport Howard Benevolent Society | PO BOX 9, Newburyport, MA 01950-0009 | MA | 1971-10 | $277,232 |
| 12 | Newburyport Literary Association Inc | 157 Low St, Newburyport, MA 01950-3539 | MA | 2005-12 | $60,751 |
| 13 | Newburyport Lodge No 1601 Loyal Order Of Moose, 1601 | PO BOX 179, Merrimac, MA 01860-0179 | MA | 1935-08 | $181,731 |
| 14 | Newburyport Maritime Society Inc | 25 Water St, Newburyport, MA 01950-2754 | MA | 1969-04 | $284,999 |
| 15 | Newburyport Pioneer League Inc | PO BOX 232, Newburyport, MA 01950-0232 | MA | 1986-05 | $99,835 |
| 16 | Newburyport Police Foundation Inc | 4 Green St, Newburyport, MA 01950-2504 | MA | 1997-02 | $1,165 |
| 17 | Newburyport Preservation Trust Inc | Po Box 184, Newburyport, MA 01950 | MA | 2004-09 | $13,414 |
| 18 | Newburyport Society For The Relief Of Aged Men | 361 High St, Newburyport, MA 01950-3605 | MA | 1998-06 | $3,846,112 |
| 19 | Newburyport Society For The Relief Of Aged Women | PO BOX 787, Newburyport, MA 01950-0987 | MA | 1935-03 | $1,707,902 |
| 20 | Newburyport Waterfront Trust | City Hall Pleasant St, Newburyport, MA 01950 | MA | 1993-07 | $82,180 |
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