Paterson Historical Fund in Wellesley Hills, 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
| Paterson Historical Fund | |
| Employer Identification Number (EIN) | 046810829 |
| Name of Organization | Paterson Historical Fund |
| In Care of Name | John Hughes |
| Address | C/O Scas Cpas Pc 20 Walnut St No, Wellesley Hills, MA 02481 |
| Activities | Other cultural or historical activities |
| Subsection | Charitable Organization |
| Ruling Date | 10/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $536,813 |
| Amount of Income | $115,771 |
| Form 990 Revenue Amount | $13,174 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Historical Societies, Related Historical Activities |
Non-representatives - add comments:
Amount of income in 2012: $115,771 (it was $13,174 in 2011)
| This organization: | $115,771 |
| Other organizations performing similar types of work: | $53,995 |
Assets in 2012: $536,813 (it was $675,051 in 2011)
| This organization: | $536,813 |
| Other organizations performing similar types of work: | $153,432 |
Expenses in 2011: $143,035
| Paterson Historical Fund: | $143,035 |
| Other organizations performing similar types of work: | $45,737 |
Income to expenses ratio in 2011: 0.8
| Paterson Historical Fund: | 0.8 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 0.0%
| Paterson Historical Fund: | 0.0% |
| Other organizations performing similar types of work: | 48.4% |
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $13,174 | $13,174 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $16 | |||
| Dividends and interest from securities | $7,214 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $5,944 | |||
| Total expenses and disbursements | $143,035 | $6,500 | $0 | $136,535 |
| Compensation of officers, directors, trustees, etc. | $6,500 | |||
| Total operating and administrative expenses | $8,035 | $6,500 | $1,535 | |
| Contributions, gifts, grants paid | $135,000 | |||
| Excess of revenue over expenses and disbursements | $-129,861 | |||
| Net investment income | $6,674 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $675,051 | $531,879 |
| Cash - non-interest-bearing | $47,646 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $55,780 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $571,625 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $675,051 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $5,944 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $67 |
| Total credits and payments | $271 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $271 |
| 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 |
| Overpayment | $204 |
| Amount to be credited to 2012 estimated tax | $204 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $614,964 |
| Net value of noncharitable-use assets | $605,740 |
| Minimum investment return | $30,287 |
| Distributable Amount (for 2011) | |
| Distributable amount | $30,220 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $30,220 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Middlesex County Volunteers Fifes And Drums Inc | 105 Boston Ave, Medford, MA 02155-3570 | MA | 1996-05 | $54,082 |
| 2 | San Antonio Conservation Society Foundation | 107 King William, San Antonio, TX 78204-1312 | TX | 1970-07 | $3,809,389 |
| 3 | Globa Learn Inc | 2 Tyler Ct 2nd Flr, Cambridge, MA 02140-1601 | MA | 1994-02 | $1,248,561 |
| 4 | Cambridge Center For Chinese Culture Inc | 411 Waverly Oaks Road, Waltham, MA 02452-8448 | MA | 1992-11 | $822,372 |
| 5 | Society Of Colonial Wars | 20 West 44th Street, New York, NY 10036-6603 | NY | 1942-10 | $508,828 |
| 6 | Ipswich Museum Inc | 54 S Main St, Ipswich, MA 01938-2322 | MA | 1945-12 | $502,201 |
| 7 | The Uncommon Friends Foundation Inc | PO BOX 811, Fort Myers, FL 33902-0811 | FL | 1994-10 | $334,103 |
| 8 | Rehoboth Antiquarian Society | PO BOX 2, Rehoboth, MA 02769-0002 | MA | 1976-09 | $333,657 |
| 9 | Coastside State Parks Association | New Years Creek Road, Pescadero, CA 94060 | CA | 1991-02 | $318,776 |
| 10 | The Korners Folly Foundation | 413 S Main St, Kernersville, NC 27284-2737 | NC | 1997-02 | $317,394 |
| 11 | Paterson Historical Fund | C/O Scas Cpas Pc 20 Walnut St No, Wellesley Hills, MA 02481 | MA | 1997-10 | $115,771 |
| 12 | The Emmaus Institute Inc | 12 Catherwood St, Tewksbury, MA 01876-2620 | MA | 1977-03 | $70,069 |
| 13 | The History Collaborative Inc | 17 Grapevine Rd, Wenham, MA 01984-1702 | MA | 1991-05 | $57,753 |
| 14 | Lancaster Historical Society Inc | Po Box 244 20 Barnes Court, Lancaster, MA 01523 | MA | 1993-10 | $14,856 |
| 15 | Salisbury Historical Society Inc | Po Box 5131, Salisbury, MA 01952 | MA | 1998-02 | $1,144 |
| 16 | Town Of Millville J G Fitzgerald Historical Society Inc | PO BOX 504, Millville, MA 01529-0504 | MA | 1993-12 | $217 |
| 17 | Charlestown Historic Court House Charitable Tr | 121 Main St, Charlestown, MA 02129-3533 | MA | 1994-10 | $0 |
| 18 | Exercise Tiger Memorial Association Inc | 156 Washington St, New Bedford, MA 02740-3243 | MA | 1997-02 | $0 |
| 19 | Isaac Merrill House Foundation Inc | 25 Westland Ter, Haverhill, MA 01830-4124 | MA | 1997-09 | $0 |
| 20 | Richmond Historical Society Co Mary Blair | 2533 Swamp Road, Richmond, MA 01254 | MA | 1992-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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