Sargent-Murray-Gilman-Hough House Assn in Gloucester, 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
| Sargent-Murray-Gilman-Hough House Assn | |
| Employer Identification Number (EIN) | 046038785 |
| Name of Organization | Sargent-Murray-Gilman-Hough House Assn |
| Address | House Assocation 49 Middle Street, Gloucester, MA 01930 |
| Activities | Business promotion (chamber of commerce, business league, etc.) |
| Subsection | Charitable Organization |
| Ruling Date | 09/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Organization terminating its private foundation status under section 507(b)(1)(B) of the Code |
| Tax Period | 08/2013 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $732,738 |
| Amount of Income | $62,325 |
| Form 990 Revenue Amount | $75,541 |
Non-representatives - add comments:
Revenue 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 | $75,541 | $11,185 | $9,088 | |
| Contributions, gifts, grants, etc., received | $55,268 | |||
| Interest on savings and temporary cash investments | $3,014 | |||
| Dividends and interest from securities | $8,171 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $611 | |||
| Gross sales less returns and allowances | $611 | |||
| Less: Cost of goods sold | $0 | |||
| Other income | $8,477 | |||
| Total expenses and disbursements | $135,409 | $2,929 | $9,088 | $123,392 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $135,409 | $2,929 | $123,392 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-59,868 | |||
| Net investment income | $8,256 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $683,705 | $673,705 |
| Cash - non-interest-bearing | $17,722 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $221,567 | |
| Investments-corporate bonds | $84,880 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $359,536 | |
| Total liabilities | $6,500 | |
| Mortgages and other notes payable | $6,500 | |
| Total liabilities and net assets/fund balances | $677,205 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| 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 | $85 |
| Total credits and payments | $224 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $224 |
| 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 | $139 |
| Amount to be credited to 2012 estimated tax | $139 |
| 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 | $338,293 |
| Net value of noncharitable-use assets | $333,220 |
| Minimum investment return | $16,661 |
| Distributable Amount (for 2011) | |
| Distributable amount | $16,576 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $16,576 |
| 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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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sarah Gillett Services For The Elderly Inc | PO BOX 858, Westfield, MA 01086-0858 | MA | 1950-09 | $230,834 |
| 2 | Sarah H Williams Treasure Hunt Farm Foundation, Hammer Stuart A Ttee | PO BOX 696, Rutland, MA 01543-0696 | MA | 2000-01 | $312,421 |
| 3 | Sarah M Bisson Family Foundation Trust, Bisson Stephen W Ttee | PO BOX 657, Dover, MA 02030-0657 | MA | 2001-08 | $25,971 |
| 4 | Sarah Pellon Paula Querzoli Smith Scholarship Fund Inc | 42 Spruce Tree Ln, Norton, MA 02766-1099 | MA | 2005-02 | $14 |
| 5 | Sarah W Rollins Charitable Tr | 75 State St 18th Fl, Boston, MA 02109-1827 | MA | 2007-06 | $851,411 |
| 6 | Sarahs Place Adult Day Health | 10 Phoenix Row, Haverhill, MA 01832-5734 | MA | 2000-05 | $1,137,129 |
| 7 | Saras Fund | PO BOX 70, Brockton, MA 02303-0070 | MA | 2003-09 | $28,636 |
| 8 | Saras Wish Foundation | 23 Ash Ln, Amherst, MA 01002-1621 | MA | 1997-07 | $44,201 |
| 9 | Sarasa Inc | 14 High St, Cambridge, MA 02138-4504 | MA | 2001-02 | $133,656 |
| 10 | Sargent Family Foundation Inc | 5 Bridgeton Way, Hopkinton, MA 01748-3103 | MA | 2007-08 | $28,279 |
| 11 | Sargent-Murray-Gilman-Hough House Assn | House Assocation 49 Middle Street, Gloucester, MA 01930 | MA | 1994-09 | $62,325 |
| 12 | Sari Charitable Foundation Tr Ud, Luick Sarah H Et Al Ttee | 85 E Indi Arow Ste 4c, Boston, MA 02110 | MA | 1998-05 | $76,230 |
| 13 | Sasquatch Foundation | PO BOX 531, Dennis, MA 02638-0531 | MA | 1996-11 | $1 |
| 14 | Satellife | 30 California St, Watertown, MA 02472-2539 | MA | 1990-09 | $55,314 |
| 15 | Satuit Boat Club Inc | PO BOX 264, Scituate, MA 02066-0264 | MA | 1946-12 | $117,753 |
| 16 | Saturdays And Sundays Bread A Non- Profit Corporation, Saturday's & Sunday's Bread | 52 Ackers Avenue, Brookline, MA 02445 | MA | 2004-02 | $35,908 |
| 17 | Saucony Run For Good Incorporated | 191 Spring St, Lexington, MA 02421-8045 | MA | 2009-05 | $91,101 |
| 18 | Saugus Business Education Collaborative Inc | 545 Salem Street, Wakefield, MA 01833 | MA | 1992-09 | $0 |
| 19 | Saugus Community Television Inc, Sctv | 1 Pierce Memorial Dr, Saugus, MA 01906-3268 | MA | 2008-01 | $2,138 |
| 20 | Saugus Community Track Association | 15 Mary Lou Terrace, Saugus, MA 01906 | MA | 2007-05 | $1,442 |
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