Norfolk Charitable Trust 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
| Norfolk Charitable Trust | |
| Employer Identification Number (EIN) | 042294937 |
| Name of Organization | Norfolk Charitable Trust |
| In Care of Name | Faneuil Hall Assoc |
| Address | 176 Federal St Lbby 2, Boston, MA 02110-2223 |
| Activities | Other school related activities, Historical site, records or reenactment, Museum, zoo, planetarium, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 03/1963 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| 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 | $11,234,209 |
| Amount of Income | $1,793,477 |
| Form 990 Revenue Amount | $196,683 |
Non-representatives - add comments:
Revenue 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 | $39,363 | $235,255 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $26 | |||
| Dividends and interest from securities | $235,229 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $184,183 | $5,453 | $0 | $160,463 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $184,183 | $5,453 | $160,463 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-144,820 | |||
| Net investment income | $229,802 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $10,400,682 | $10,400,681 |
| Cash - non-interest-bearing | $47,272 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $9,104,927 | |
| Other | $1,248,483 | |
| Total liabilities | $10,136 | |
| Mortgages and other notes payable | $0 | |
| Other | $10,136 | |
| Total liabilities and net assets/fund balances | $10,390,546 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-195,892 |
| 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 | $4,596 |
| Total credits and payments | $9,441 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $4,441 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $5,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $4,845 |
| Amount to be credited to 2013 estimated tax | $4,845 |
| 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 | $9,207,748 |
| Net value of noncharitable-use assets | $9,069,640 |
| Minimum investment return | $453,482 |
| Distributable Amount (for 2012) | |
| Distributable amount | $448,886 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $448,886 |
| 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 | Keith Koster Memorial Scholarship Fund Inc | 68 Spofford Rd, Boxford, MA 01921-1504 | MA | 2008-05 | $47,125 |
| 2 | Kelleher Family Charitable Trust | 47 Crooked Ln, Duxbury, MA 02332-3903 | MA | 1998-03 | $8,361 |
| 3 | Keller Contribution Account | 95 Rolling Ln, Weston, MA 02493-2474 | MA | 1958-12 | $15,795 |
| 4 | Kelley All Stars Inc | PO BOX 42, Harwich, MA 02645-0042 | MA | 2005-06 | $59,421 |
| 5 | Kelly Family Charitable Foundation | 87 Coffin St, West Newbury, MA 01985-1208 | MA | 2000-04 | $57,803 |
| 6 | Kelly Packowski Ms Foundation Inc | 11 Nichols Ln, Middleton, MA 01949-1522 | MA | 2003-06 | $6,006 |
| 7 | Ken Waldie Senior Sports Circuit Inc | 76 Emsley Ter, Methuen, MA 01844-6624 | MA | 2002-03 | $30,378 |
| 8 | Kenary Fund, Kenary James B Iii Et Al Ttee | 121 Coolidge Rd, Worcester, MA 01602-2750 | MA | 1997-06 | $9,121 |
| 9 | Kendal C And Anna Ham Charitable Foundation | 10 Park St, Northborough, MA 01532-2614 | MA | 1994-04 | $221,355 |
| 10 | Kendall Rose Davis Memorial Foundation Inc | 311 Brigham St, Hudson, MA 01749-2666 | MA | 2008-07 | $27,721 |
| 11 | Norfolk Charitable Trust | 176 Federal St Lbby 2, Boston, MA 02110-2223 | MA | 1963-03 | $1,793,477 |
| 12 | Kennard L Bowlen Charitable Tr, James T Connolly Et Al Ttee | PO BOX 332, Newburyport, MA 01950-0432 | MA | 2006-06 | $3,401 |
| 13 | Kennedy Family Foundation | 1280 Great Plain Ave, Needham, MA 02492-1740 | MA | 1993-03 | $51,471 |
| 14 | Kennedy Management Inc | 362 Green Street, Cambridge, MA 02139 | MA | 2003-06 | $15,392 |
| 15 | Kennedy Parent Teacher Organization Inc | 20 Kimbrough Rd, Billerica, MA 01821-3042 | MA | 1980-09 | $64,326 |
| 16 | Kenneth A Harding Foundation | 15 Church St, Waltham, MA 02452-5501 | MA | 1974-02 | $5,905 |
| 17 | Kenneth Alan Johnson Memorial Foundation Inc | 75 State St 18th Fl, Boston, MA 02109-1827 | MA | 2000-06 | $4,521 |
| 18 | Kenneth E Wickham 1988tr Fbo United Church Board For World Ministries, Bloonstein Marc J Ttee | 800 Boylston St, Boston, MA 02199-8001 | MA | 2001-01 | $92,361 |
| 19 | Kenneth Feinberg Foundation Sandberg & Creeden Pc | 331 Page Street, Stoughton, MA 02072 | MA | 2005-01 | $350 |
| 20 | Kenneth I And Valerie W Guscott Family Foundation Inc | 1 Elias Ln, Milton, MA 02186-1045 | MA | 1999-10 | $1 |
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