North Star Land Foundation in Brookline, 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
| North Star Land Foundation | |
| Employer Identification Number (EIN) | 043346864 |
| Name of Organization | North Star Land Foundation |
| In Care of Name | Davis Yetman |
| Address | 61 Colbourne Cres, Brookline, MA 02445-4521 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Land acquisition for preservation |
| Subsection | Charitable Organization |
| Ruling Date | 04/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $130,515 |
| Amount of Income | $249 |
| Form 990 Revenue Amount | $590 |
| National Taxonomy of Exempt Entities (NTEE) | Environmental Quality, Protection and Beautification: Land Resources Conservation |
Non-representatives - add comments:
Amount of income in 2013: $249 (it was $4,529 in 2012)
| This organization: | $249 |
| Other organizations performing similar types of work: | $59,721 |
Assets in 2013: $130,515 (it was $150,499 in 2012)
| This organization: | $130,515 |
| Other organizations performing similar types of work: | $449,287 |
Expenses in 2012: $2,545
| North Star Land Foundation: | $2,545 |
| Other organizations performing similar types of work: | $41,751 |
Income to expenses ratio in 2012: 0.1
| This organization: | 0.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 88.3%
| This organization: | 88.3% |
| Other organizations performing similar types of work: | 80.8% |
Revenue 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 | $4,529 | $529 | $0 | |
| Contributions, gifts, grants, etc., received | $4,000 | |||
| Interest on savings and temporary cash investments | $529 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $2,545 | $0 | $0 | $1,313 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,545 | $0 | $1,313 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $1,984 | |||
| Net investment income | $529 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $150,499 | $154,674 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $150,499 | |
| Total liabilities | $21,137 | |
| Mortgages and other notes payable | $0 | |
| Other | $21,137 | |
| Total liabilities and net assets/fund balances | $129,362 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $11 |
| Total credits and payments | $12 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $12 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1 |
| Amount to be credited to 2013 estimated tax | $1 |
| 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? | Yes |
| 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 | $117,894 |
| Net value of noncharitable-use assets | $116,120 |
| Minimum investment return | $5,806 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5,795 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5,795 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $5,795 |
| 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 | White Earth Land Recovery Project | 607 Main Ave, Callaway, MN 56521-2120 | MN | 1994-07 | $929,575 |
| 2 | Westport Land Conservation Trust Inc | PO BOX 3975, Westport, MA 02790-0298 | MA | 1972-09 | $828,408 |
| 3 | Tri County Landfill Association Inc | 24978 349th Ave, Pukwana, SD 57370-6422 | SD | 1993-10 | $764,661 |
| 4 | Volgenau Foundation | 8300 Greensboro Dr Ste 1025, Mclean, VA 22102-3621 | VA | 1995-08 | $335,075 |
| 5 | Salem Preservation Society | Po Box 1034, Salem, OH 44460 | OH | 1994-03 | $181,483 |
| 6 | North County Land Trust Inc | 325 Lindell Ave, Leominster, MA 01453-5414 | MA | 1994-05 | $115,758 |
| 7 | Foundation For Ada Canyon Trail Systems Inc | 5657 Warm Springs Avenue, Boise, ID 83716 | ID | 1994-06 | $103,050 |
| 8 | Tsalteshi Trail Association Inc | Po Box 4076, Soldotna, AK 99669 | AK | 1997-01 | $60,940 |
| 9 | School Of Living | 215 Julian Woods Ln, Julian, PA 16844-8617 | PA | 1959-10 | $50,266 |
| 10 | Amador Land Trust, Mother Lode Land Trust | Po Box 1435, Jackson, CA 95642 | CA | 1991-07 | $45,496 |
| 11 | Somerset Woods Trustees | PO BOX 833, Skowhegan, ME 04976-0833 | ME | 1996-08 | $41,125 |
| 12 | Attleboro Land Trust Inc | PO BOX 453, Attleboro, MA 02703-0008 | MA | 1991-01 | $22,128 |
| 13 | Snake River Conservancy Foundation | PO BOX 208, Moose, WY 83012-0208 | WY | 1995-12 | $12,500 |
| 14 | Big Sandy Land Foundation | PO BOX 1475, Grundy, VA 24614-1475 | VA | 1998-10 | $500 |
| 15 | Strawvalley Foundation Inc | 11653 Nc 62 S Oak Ct, Burlington, NC 27217 | NC | 1995-09 | $285 |
| 16 | North Star Land Foundation | 61 Colbourne Cres, Brookline, MA 02445-4521 | MA | 1997-04 | $249 |
| 17 | Trust For Wildland Communities | 1792 Beans Bight Re Ne, Bainbridge Island, WA 98110 | WA | 1996-11 | $10 |
| 18 | Carlisle Land Trust | Po Box 300, Carlisle, MA 01741 | MA | 1979-11 | $0 |
| 19 | Framingham Community Land Trust Inc | 7 Bishop Street, Framingham, MA 01702 | MA | 1989-05 | $0 |
| 20 | Wellesley Friends Of Recycling Inc | 49 Shore Road, Wellesley, MA 02482 | MA | 1994-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 101 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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