Stoddard Charitable Trust in Worcester, 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
| Stoddard Charitable Trust | |
| Employer Identification Number (EIN) | 046023791 |
| Name of Organization | Stoddard Charitable Trust |
| Address | 370 Main St 12th Flr, Worcester, MA 01608-1723 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1941 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $50,000,000 to greater |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $60,112,302 |
| Amount of Income | $29,929,176 |
| Form 990 Revenue Amount | $3,053,852 |
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 | $4,148,662 | $4,079,135 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $102,519 | |||
| Dividends and interest from securities | $2,977,420 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-60,128 | |||
| Other | $1,128,851 | |||
| Total expenses and disbursements | $4,533,745 | $253,128 | $0 | $4,110,025 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $628,431 | $253,128 | $204,711 | |
| Contributions, gifts, grants paid | $3,905,314 | |||
| Excess of revenue over expenses and disbursements | $-385,083 | |||
| Net investment income | $3,826,007 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $61,957,636 | $77,952,642 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $38,867,298 | |
| Investments-corporate bonds | $903,413 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $20,306,658 | |
| Other | $1,880,267 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $61,957,636 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,128,851 |
| 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 | $38,260 |
| Total credits and payments | $51,634 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $26,634 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $25,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $162 |
| Tax due | $0 |
| Overpayment | $13,212 |
| Amount to be credited to 2013 estimated tax | $13,212 |
| 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 | $79,015,563 |
| Net value of noncharitable-use assets | $77,830,340 |
| Minimum investment return | $3,891,517 |
| Distributable Amount (for 2012) | |
| Distributable amount | $3,853,257 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $3,853,257 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $216,488 |
| 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 | $5,009 | $0 | $5,009 |
| 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 | $5,009 | $16 | $5,009 |
| 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 | $2,005 |
| 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 | $2,005 |
| 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 | $2,004 |
| Unrelated business taxable income before net operating loss deduction | $3,004 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $3,004 |
| Specific deduction | $1,000 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sisters Of Providence Health System Inc | 1221 Main St Ste 201, Holyoke, MA 01040-5396 | MA | 1946-03 | $18,325,280 |
| 2 | Skating Club Of Boston | 1240 Soldiers Field Rd, Brighton, MA 02135-1002 | MA | 2002-09 | $4,166,495 |
| 3 | Sleeping Giant Young Equestrian Fund Inc | 139 Kinnebrook Rd, Huntington, MA 01050-9650 | MA | 2006-02 | $39,298 |
| 4 | Society Of Arts And Crafts | 175 Newbury St, Boston, MA 02116-2835 | MA | 1952-01 | $1,129,964 |
| 5 | Society Of Cosmetic Chemists, Crabtree & Evelyne | 69 Brickyard Rd Ext, Southampton, MA 01073-9563 | MA | 1986-04 | $16,450 |
| 6 | South Shore Playhouse Associates Inc | 130 Sohier St, Cohasset, MA 02025-1374 | MA | 1950-05 | $8,075,787 |
| 7 | Center Of Hope Foundation Incorporated | 100 Foster St, Southbridge, MA 01550-2595 | MA | 1960-03 | $10,612,876 |
| 8 | Focus Springfield Inc | 95 State St Ste 1117, Springfield, MA 01103-2087 | MA | 1999-12 | $2,163,724 |
| 9 | Springfield Performing Arts Development Corp | 1 Columbus Ctr, Springfield, MA 01103-1418 | MA | 1999-04 | $1,457,987 |
| 10 | Stanley W Watson Foundation, Mackey William K | PO BOX 901, Falmouth, MA 02541-0901 | MA | 1991-07 | $2,634,590 |
| 11 | Stoddard Charitable Trust | 370 Main St 12th Flr, Worcester, MA 01608-1723 | MA | 1941-04 | $29,929,176 |
| 12 | Stoneham Theatre Corporation | 50 Dodge Street, Beverly, MA 01915-1711 | MA | 2001-03 | $2,089,692 |
| 13 | Stoneman Family Foundation | 400 Atlantic Ave, Boston, MA 02110-3331 | MA | 1959-03 | $15,262,329 |
| 14 | Sudbury Foundation, Private Bank Tax Dept T-05-01 | 225 Franklin St, Boston, MA 02110-2804 | MA | 1954-11 | $4,299,622 |
| 15 | Sumner & Esther Feldberg Foundation, Feldberg Sumner & Esther Ttees | PO BOX 9175, Framingham, MA 01701-9175 | MA | 1990-03 | $147,818 |
| 16 | Swartz Foundation, Shapiro Robert N Ttee | 800 Boylston St, Boston, MA 02199-8001 | MA | 1995-09 | $16,680,012 |
| 17 | Technical Development Corporation | 31 Milk St Ste 310, Boston, MA 02109-5138 | MA | 1968-11 | $2,218,134 |
| 18 | Technology Review Inc | 1 Main St Ste 13, Cambridge, MA 02142-1517 | MA | 2002-05 | $7,694,000 |
| 19 | The A&a Fund, Lowery R Brinckerhoff Ttee | 101 Arch St 18th Fl, Boston, MA 02110-1130 | MA | 1992-03 | $2,311,350 |
| 20 | The Algebra Project Inc | 99 Bishop Allen Drive, Cambridge, MA 02139-3428 | MA | 1992-01 | $783,790 |
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