Richard P & Claire W Morse 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Massachusetts
| Richard P & Claire W Morse Foundation | |
| Employer Identification Number (EIN) | 046142794 |
| Name of Organization | Richard P & Claire W Morse Foundation |
| Address | 240 Lee St, Brookline, MA 02445-5915 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1966 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,839,489 |
| Amount of Income | $861,733 |
| Form 990 Revenue Amount | $134,081 |
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 | $123,508 | $147,990 | $0 | |
| Contributions, gifts, grants, etc., received | $68,544 | |||
| Interest on savings and temporary cash investments | $70 | |||
| Dividends and interest from securities | $142,874 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $7,988 | |||
| Total expenses and disbursements | $391,151 | $2,445 | $0 | $388,705 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,071 | $2,445 | $1,625 | |
| Contributions, gifts, grants paid | $387,080 | |||
| Excess of revenue over expenses and disbursements | $-267,643 | |||
| Net investment income | $145,545 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,920,452 | $5,795,343 |
| Cash - non-interest-bearing | $10,509 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,873,961 | |
| Investments-corporate bonds | $654,257 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $-37,218 | |
| Other | $418,943 | |
| Total liabilities | $272,070 | |
| Mortgages and other notes payable | $0 | |
| Other | $272,070 | |
| Total liabilities and net assets/fund balances | $2,648,382 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-95,968 |
| 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 | $1,455 |
| Total credits and payments | $11,441 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $11,441 |
| 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 | $0 |
| Overpayment | $9,986 |
| Amount to be credited to 2013 estimated tax | $9,986 |
| 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? | Yes |
| 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 | $5,260,864 |
| Net value of noncharitable-use assets | $5,181,960 |
| Minimum investment return | $259,098 |
| Distributable Amount (for 2012) | |
| Distributable amount | $257,643 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $257,643 |
| 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 | $0 | $0 | $0 |
| 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 | $0 | $0 | $0 |
| 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 | $-8,062 |
| Unrelated business taxable income before net operating loss deduction | $0 |
| Net operating loss deduction | $8,058 |
| Unrelated business taxable income before specific deduction | $-8,062 |
| Specific deduction | $0 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Plimoth Plantation Inc | PO BOX 1620, Plymouth, MA 02362-1620 | MA | 1948-11 | $11,859,649 |
| 2 | Professional Photographers Association Of Massachusetts Inc | C/O Joanne Aleo 626 Chandler Street, Tewksbury, MA 01876 | MA | 1985-10 | $39,644 |
| 3 | Project Adventure Inc | 719 Cabot St, Beverly, MA 01915-1027 | MA | 1982-02 | $4,159,433 |
| 4 | Proprietors Of The Social Law Library | 1 Pemberton Sq Ste 4100, Boston, MA 02108-1702 | MA | 1939-09 | $6,387,860 |
| 5 | Provincetown Theatre Foundation Inc | 238 Bradford St, Provincetown, MA 02657-1745 | MA | 2001-09 | $300,304 |
| 6 | Puppet Showplace Inc | 32 Station St, Brookline, MA 02445-7938 | MA | 1975-02 | $460,943 |
| 7 | Quincy Community Action Programs Inc | 1509 Hancock Street, Quincy, MA 02169-5241 | MA | 1966-12 | $18,673,776 |
| 8 | Reeder Foundation | One International Pl, Boston, MA 02110-2602 | MA | 2001-10 | $4,945,553 |
| 9 | Revere League For The Retarded Inc | 200 Winthrop Ave, Revere, MA 02151-3917 | MA | 1989-02 | $58,766 |
| 10 | Richard And Susan Smith Family Foundation | 1 Newton Executive Park Ste 104, Newton, MA 02462-1435 | MA | 1970-12 | $28,882,548 |
| 11 | Richard P & Claire W Morse Foundation | 240 Lee St, Brookline, MA 02445-5915 | MA | 1966-12 | $861,733 |
| 12 | Robb Charitable Tr, Robb Richard A Ttee | 40 Montvale Street 3, Roslindale, MA 02131-2752 | MA | 1991-02 | $65,187 |
| 13 | The Robert And Myra Kraft Family Foundation Inc | 1 Patriot Pl, Foxboro, MA 02035-1374 | MA | 1953-02 | $10,896,917 |
| 14 | Rockport Art Association | 12 Main St, Rockport, MA 01966-1513 | MA | 1957-12 | $518,815 |
| 15 | Sailors Snug Harbor Of Boston | C/O Gma Foundations 77 Summer, Boston, MA 02110 | MA | 1934-11 | $1,725,945 |
| 16 | Salisbury Point Railroad Historical Society Inc | PO BOX 499, Amesbury, MA 01913-0010 | MA | 1988-12 | $3,579 |
| 17 | Sands Family Foundation | 5301 Gr Meadow Rd, Dedham, MA 02026 | MA | 2006-07 | $214,400 |
| 18 | Schools For Children Inc | 8 Winchester Pl Ste 202, Winchester, MA 01890-2846 | MA | 1981-09 | $12,966,198 |
| 19 | Schooner Foundation, Ryan Vincent J Ttee | 60 South St Ste 1120, Boston, MA 02111-5103 | MA | 1997-05 | $5,197,297 |
| 20 | Scully Family Foundation, Scully Robert G Ttee | 30 Somerset St, Belmont, MA 02478-2008 | MA | 2003-03 | $144,176 |
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