Norman Knight Charitable 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Massachusetts
| Norman Knight Charitable Foundation | |
| Employer Identification Number (EIN) | 046056824 |
| Name of Organization | Norman Knight Charitable Foundation |
| Address | 63 Bay State Rd, Boston, MA 02215-1802 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1959 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $6,100,024 |
| Amount of Income | $2,744,054 |
| Form 990 Revenue Amount | $383,319 |
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 | $1,283,946 | $1,083,946 | $0 | |
| Contributions, gifts, grants, etc., received | $200,000 | |||
| Interest on savings and temporary cash investments | $1,516 | |||
| Dividends and interest from securities | $220,858 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $18,833 | |||
| Other | $842,739 | |||
| Total expenses and disbursements | $212,790 | $6,400 | $0 | $206,401 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $23,020 | $6,400 | $16,631 | |
| Contributions, gifts, grants paid | $189,770 | |||
| Excess of revenue over expenses and disbursements | $1,071,156 | |||
| Net investment income | $1,077,546 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,757,100 | $6,358,619 |
| Cash - non-interest-bearing | $156,274 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $4,927,284 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $644,632 | |
| Other | $28,910 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $5,757,100 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $842,739 |
| 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 | $21,551 |
| Total credits and payments | $10,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $10,000 |
| 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 | $11,551 |
| 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 | $5,939,424 |
| Net value of noncharitable-use assets | $5,850,340 |
| Minimum investment return | $292,517 |
| Distributable Amount (for 2012) | |
| Distributable amount | $270,966 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $270,966 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $176 | $0 | $176 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $176 | $12 | $176 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $176 |
| Net operating loss deduction | $176 |
| Unrelated business taxable income before specific deduction | $0 |
| Specific deduction | $1,000 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Nantucket Community Sailing Inc, Nantucket Island Community Sailing | PO BOX 2424, Nantucket, MA 02584-2424 | MA | 1995-09 | $2,031,515 |
| 2 | South Coastal Counties Legal Services Inc | 22 Bedford St, Fall River, MA 02720-3002 | MA | 1997-02 | $4,587,364 |
| 3 | New Dance Complex Inc | 536 Massachusetts Ave, Cambridge, MA 02139-4029 | MA | 1993-04 | $360,705 |
| 4 | New England Baptist Medical Associates | 125 Parker Hill Ave, Boston, MA 02120-2847 | MA | 1997-03 | $10,979,593 |
| 5 | New England Farm Workers Council Inc | 16281640 Main Street, Springfield, MA 01103 | MA | 1971-11 | $59,273,543 |
| 6 | New England Library Assoc Inc | 55 N Main St Apt 49, Belchertown, MA 01007-8201 | MA | 1963-09 | $227,936 |
| 7 | New England Water Works Association Inc | 125 Hopping Brook Rd, Holliston, MA 01746-1471 | MA | 1984-10 | $2,990,205 |
| 8 | New England Wild Flower Society | 180 Hemenway Rd, Framingham, MA 01701-2636 | MA | 1955-09 | $4,192,690 |
| 9 | New Repertory Theatre Inc | 200 Dexter Ave, Watertown, MA 02472-4238 | MA | 1987-12 | $1,653,248 |
| 10 | Nichols House Museum Inc | 55 Mount Vernon St, Boston, MA 02108-1330 | MA | 1998-08 | $28,438 |
| 11 | Norman Knight Charitable Foundation | 63 Bay State Rd, Boston, MA 02215-1802 | MA | 1959-02 | $2,744,054 |
| 12 | North And South Rivers Watershed Association Inc | PO BOX 43, Norwell, MA 02061-0043 | MA | 1972-07 | $393,954 |
| 13 | North Bennet Street School | 150 North St, Boston, MA 02109-1405 | MA | 1927-05 | $11,765,249 |
| 14 | North Shore Arts Association Of Gloucester Inc | Of Gloucester Inc 11 Pirates Lane, Gloucester, MA 01930 | MA | 1971-03 | $249,969 |
| 15 | North Shore Heritage Associates Inc | 64 Holten St, Danvers, MA 01923-1973 | MA | 1983-10 | $769,417 |
| 16 | North Shore Jewish Press Ltd The Journal Of The North Shore | 27 Congress St Ste 501, Salem, MA 01970-5577 | MA | 1978-09 | $693,253 |
| 17 | Northeast Health Systems Inc | 85 Herrick St, Beverly, MA 01915-1790 | MA | 1997-05 | $10,861,022 |
| 18 | Northeast Organic Farming Association Massachusetts Chapter, Inc | 411 Sheldon Rd, Barre, MA 01005-9219 | MA | 1994-01 | $692,932 |
| 19 | Eastern Millwright Regional Council Apprenticeship & Training Fund | Apprenticeship Training Fund 90 Bra, Allston, MA 02134 | MA | 1994-03 | $583,060 |
| 20 | Northern Berkshire Health System Inc | 71 Hospital Ave, North Adams, MA 01247-2504 | MA | 1986-11 | $6,327,592 |
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