Stearns Charitable Trust in Boston, 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
| Stearns Charitable Trust | |
| Employer Identification Number (EIN) | 046036697 |
| Name of Organization | Stearns Charitable Trust |
| In Care of Name | Ropes & Gray |
| Address | 800 Boylston St, Boston, MA 02199-8001 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1951 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $6,203,074 |
| Amount of Income | $932,404 |
| Form 990 Revenue Amount | $254,749 |
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 | $508,119 | $543,939 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $177,901 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $330,218 | |||
| Total expenses and disbursements | $397,060 | $47,256 | $0 | $351,899 |
| Compensation of officers, directors, trustees, etc. | $12,000 | |||
| Total operating and administrative expenses | $80,060 | $47,256 | $34,899 | |
| Contributions, gifts, grants paid | $317,000 | |||
| Excess of revenue over expenses and disbursements | $111,059 | |||
| Net investment income | $496,683 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $6,384,897 | $6,911,756 |
| Cash - non-interest-bearing | $149,937 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,677,573 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $4,178,635 | |
| Other | $378,752 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $6,384,897 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $330,218 |
| 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 | $4,967 |
| Total credits and payments | $2,400 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,400 |
| 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 | $2,567 |
| 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? | 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? | Yes |
| 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 | $6,808,588 |
| Net value of noncharitable-use assets | $6,706,460 |
| Minimum investment return | $335,323 |
| Distributable Amount (for 2012) | |
| Distributable amount | $330,356 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $330,356 |
| 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 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Stanley Park Of Westfield Inc | 400 Western Ave, Westfield, MA 01085-2521 | MA | 1950-10 | $4,247,065 |
| 2 | Stanley Street Treatment And Resources | 386 Stanley St, Fall River, MA 02720-6009 | MA | 1977-03 | $18,338,740 |
| 3 | Staples Foundation Inc | 500 Staples Dr Fl4-West, Framingham, MA 01702-4478 | MA | 2003-08 | $2,531,614 |
| 4 | Star Kids Scholarships Program, New Bedford Star Kids | 149 Pine St, Norton, MA 02766-2812 | MA | 2010-03 | $259,328 |
| 5 | Starfish Foundation | 1913 Northampton Street, Holyoke, MA 01040-3401 | MA | 2000-12 | $1 |
| 6 | State Police Assoc Of Massachusetts | 11 Beacon St Ste 700, Boston, MA 02108-3002 | MA | 1976-05 | $2,135,604 |
| 7 | State Street Foundation Inc | 1 Lincoln St Fl 24, Boston, MA 02111-2901 | MA | 2007-06 | $31,367,698 |
| 8 | Statewide Towing Assoc Inc | 11 Turnpike Road Suite 202, Southborough, MA 01772-2107 | MA | 1977-08 | $142,572 |
| 9 | Stavros Center For Independent Living Inc | PO BOX 2130, Amherst, MA 01004-2130 | MA | 1975-08 | $202,243,689 |
| 10 | Stcu Credit Union | 145 Industry Ave, Springfield, MA 01104-3222 | MA | 1934-09 | $6,441,783 |
| 11 | Stearns Charitable Trust | 800 Boylston St, Boston, MA 02199-8001 | MA | 1951-03 | $932,404 |
| 12 | Steinberg-Lalli Charitable Foundation, Steinberg Stephen P Ttee | PO BOX 2350, Acton, MA 01720-6350 | MA | 2005-06 | $6,265,265 |
| 13 | Stella Kyriacopoulos Charitable Tr, Kyros Konstantine W Ttee | 17 Miles Rd, Hingham, MA 02043-1810 | MA | 2004-09 | $54,282 |
| 14 | Stellwagen Alive-Friends Of Our National Marine Sanctuary | PO BOX 374, Scituate, MA 02066-0374 | MA | 2007-08 | $20,644 |
| 15 | Step Education Ma | PO BOX 120192, Boston, MA 02112-0192 | MA | 2009-06 | $5,575 |
| 16 | Step Inc | 131 Beverly Street, Boston, MA 02114-2118 | MA | 1979-12 | $1,239,494 |
| 17 | Steph Kenney Creative Arts Scholarship Fund | 113 Livingston Cir, Needham, MA 02492-4144 | MA | 2003-03 | $7,371 |
| 18 | Stephanie H And David A Spina Family Foundation | 17 Campbell Rd, Wayland, MA 01778-1001 | MA | 2005-06 | $1,679,386 |
| 19 | Stephanie L Brown Foundation | 160 Federal St Fl 20, Boston, MA 02110-1700 | MA | 2006-03 | $2,570,958 |
| 20 | Stephen & Joyce Schultz Charitable Foundation, Schultz Stephen M Ttee | 212 Lowder St, Dedham, MA 02026-4213 | MA | 1995-03 | $100,989 |
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