Ralph C Devitto Foundation in Belmont, 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
| Ralph C Devitto Foundation | |
| Employer Identification Number (EIN) | 043141118 |
| Name of Organization | Ralph C Devitto Foundation |
| In Care of Name | A Bram Esq |
| Address | 26 Brighton St, Belmont, MA 02478-4043 |
| Activities | Community center |
| Subsection | Charitable Organization |
| Ruling Date | 11/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| 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 | $1,668,535 |
| Amount of Income | $114,175 |
| Form 990 Revenue Amount | $66,028 |
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 | $118,597 | $118,597 | $118,391 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $40,975 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $77,416 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $206 | |||
| Total expenses and disbursements | $167,413 | $72,792 | $85,129 | $78,291 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $167,413 | $72,792 | $78,291 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-48,816 | |||
| Net investment income | $45,805 | |||
| Adjusted net income | $33,262 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,696,192 | $3,073,687 |
| Cash - non-interest-bearing | $10,881 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,685,311 | |
| Total liabilities | $18,000 | |
| Mortgages and other notes payable | $0 | |
| Other | $18,000 | |
| Total liabilities and net assets/fund balances | $1,678,192 | |
| 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 | $458 |
| Total credits and payments | $63 |
| 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) | $0 |
| Backup withholding erroneously withheld | $63 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $395 |
| 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? | Yes |
| 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 | $2,154,208 |
| Net value of noncharitable-use assets | $2,121,900 |
| Minimum investment return | $106,095 |
| 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 | $33,262 | $0 | $17,306 | $79,310 | $129,878 |
| Qualifying distributions made directly for active conduct of exempt activities | $78,291 | $69,647 | $76,215 | $67,821 | $291,974 |
| Value of all assets | $1,696,192 | $1,745,008 | $1,840,756 | $2,131,384 | $7,413,340 |
| 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 | Rainbow Camp Of Massachusetts Inc E Carol K Milne President | 115 Pine St, S Weymouth, MA 02190-2617 | MA | 1977-11 | $45,636 |
| 2 | Rainbow Child Development Center Inc | 10 Edward St, Worcester, MA 01605-2943 | MA | 1974-02 | $2,684,809 |
| 3 | Rainbow Ministry | 65 Malden St, Everett, MA 02149-5328 | MA | 2000-06 | $1 |
| 4 | Rainbow Spiral Teaching Lodge Inc | 719 Washington St, Newton, MA 02458-1260 | MA | 1999-06 | $91,867 |
| 5 | Rainbow Tribe Inc | 365 Kent St, Brookline, MA 02446-5443 | MA | 2000-09 | $8,595 |
| 6 | Rainforestmaker Inc | 1 International Pl Ste 1850, Boston, MA 02110-2660 | MA | 2007-01 | $165,351 |
| 7 | Ralph & Shirley Rose Charitable Fund, Rose Ralph Trustee | 76 Mill St, Worcester, MA 01603-2018 | MA | 1967-06 | $444,031 |
| 8 | Ralph A Diorio Foundation For Needy Children | 263 South St, Auburn, MA 01501-2790 | MA | 1979-02 | $6,607 |
| 9 | Ralph And Janice James Familyfoundation, Ralph M James Ttee | 79 Puritan Ln, Swampscott, MA 01907-2709 | MA | 2007-10 | $134,705 |
| 10 | Ralph Bradley Prizes | 31 Brigham Woods, Concord, MA 01742-5805 | MA | 1957-06 | $157,941 |
| 11 | Ralph C Devitto Foundation | 26 Brighton St, Belmont, MA 02478-4043 | MA | 1993-11 | $114,175 |
| 12 | Ralph R Willard Charitable Tr, Strong Jonathan Ttee | 400 Atlantic Ave, Boston, MA 02110-3331 | MA | $1 | |
| 13 | Ralph Riganti Scholarship Fund Tr, Swerling Gary Ttee | Packaging Specialties 3-5 Opportun, Newburyport, MA 01950 | MA | 1996-10 | $6,939 |
| 14 | Ralph Talbot Primary School Pto | 277 Ralph Talbot St, S Weymouth, MA 02190-2911 | MA | 1997-12 | $36,583 |
| 15 | Ralph Waldo Emerson Memorial Association | 121 Mount Vernon St, Boston, MA 02108-1104 | MA | 1943-03 | $421,104 |
| 16 | Ramler Charitable Trust | 98 Clifton Rd, Newton Centre, MA 02459-3147 | MA | 1961-02 | $68,423 |
| 17 | Ramsey Mccluskey Family Foundation | PO BOX 275, Lincoln, MA 01773-0275 | MA | 1999-11 | $1,867,617 |
| 18 | The Bird Precision Charitable Foundation | P O Box 569, Waltham, MA 02454 | MA | 1963-03 | $43,014 |
| 19 | Randolph Chamber Of Commerce Inc | 1 Credit Union Way, Randolph, MA 02368-4633 | MA | 1986-12 | $42,889 |
| 20 | Randolph Community Cable Television Inc | 41 S Main St, Randolph, MA 02368-4839 | MA | 2001-06 | $452,237 |
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