Stone Institute And Newton Home For Aged People in Newton, 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
| Stone Institute And Newton Home For Aged People | |
| Employer Identification Number (EIN) | 042105896 |
| Name of Organization | Stone Institute And Newton Home For Aged People |
| Address | 277 Elliot St, Newton, MA 02464-1201 |
| Activities | Housing for the aged (see also 153) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1968 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation exempt from paying excise taxes on investment income |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $9,081,426 |
| Amount of Income | $8,616,097 |
| Form 990 Revenue Amount | $8,174,272 |
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 | $8,334,366 | $71,321 | $8,338,867 | |
| Contributions, gifts, grants, etc., received | $625 | |||
| Interest on savings and temporary cash investments | $2,485 | |||
| Dividends and interest from securities | $44,787 | |||
| Gross rents | $24,049 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $8,267,546 | |||
| Total expenses and disbursements | $8,453,617 | $18,441 | $8,351,722 | $96,310 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $8,453,617 | $18,441 | $96,310 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-119,251 | |||
| Net investment income | $52,880 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,827,761 | $8,827,761 |
| Cash - non-interest-bearing | $364,755 | |
| Investments-U.S. and state government obligations | $31,155 | |
| Investments-corporate stock | $970,284 | |
| Investments-corporate bonds | $588,449 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $425,095 | |
| Other | $6,448,023 | |
| Total liabilities | $5,555,367 | |
| Mortgages and other notes payable | $4,634,408 | |
| Other | $920,959 | |
| Total liabilities and net assets/fund balances | $3,272,394 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-5,126 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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 | $3,038,035 |
| Net value of noncharitable-use assets | $2,992,460 |
| Minimum investment return | $149,623 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $480,986 | $743,791 | $381,065 | $710,392 | $2,316,234 |
| Value of all assets | $8,827,761 | $9,258,491 | $10,168,177 | $10,577,701 | $38,832,130 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $99,749 | $102,733 | $112,616 | $116,380 | $431,478 |
| 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 | Stephen & Elizabeth Sabounjian Foundation | 120 Nichols St, Wilmington, MA 01887-1628 | MA | 2001-10 | $12,272 |
| 2 | Stephen And Alice Cutler Family Foundation, Cutler Stephen D Ttee | 125 High St Fl 29, Boston, MA 02110-2715 | MA | 2007-08 | $494,659 |
| 3 | Stephen M Ogrady Foundation Inc | 27 Williams St, Salem, MA 01970-3821 | MA | 2001-11 | $27,545 |
| 4 | Stephen Phillips Memorial Charitable Trust | 230 Congress St, Boston, MA 02110-2409 | MA | 1973-06 | $8,875,228 |
| 5 | Steven M Kerr Memorial Scholarship Fund | 17 Conant Street, Beverly, MA 01915-1733 | MA | 1991-01 | $2,515 |
| 6 | Stevenson Fam Charitable Tr Stevenson Howard Ttee | 31 Fayerweather St, Cambridge, MA 02138-3329 | MA | 1990-03 | $697,621 |
| 7 | Stifler Family Foundation, Stifler Lawrence T P Ttee | 100 Codman Rd, Brookline, MA 02445-7555 | MA | 2004-02 | $32,304,040 |
| 8 | Stobart Foundation | 10 Colonial Road, Salem, MA 01970-2943 | MA | 1989-09 | $79,792 |
| 9 | Stockbridge Fire Department Inc | PO BOX 1417, Stockbridge, MA 01262-1417 | MA | 2000-05 | $46,783 |
| 10 | Stockbridge Land Trust Inc | PO BOX 1063, Stockbridge, MA 01262-1063 | MA | 1989-06 | $17,021 |
| 11 | Stone Institute And Newton Home For Aged People | 277 Elliot St, Newton, MA 02464-1201 | MA | 1968-10 | $8,616,097 |
| 12 | Stoneham Community Access Inc | 53 Central St, Stoneham, MA 02180-2061 | MA | 2005-01 | $465,230 |
| 13 | Stonehouse Inc | 223 W Spring St, Vineyard Hvn, MA 02568-6316 | MA | 1992-01 | $3,798 |
| 14 | Stoneybrook Foundation | 9 Aspen Rd, Weston, MA 02493-1301 | MA | 2004-05 | $1 |
| 15 | Stop & Shop Family Foundation Inc | 1385 Hancock St, Quincy, MA 02169-5103 | MA | 2001-12 | $2,670,844 |
| 16 | Stop Leukemia Inc | 34 Emerson Street Apt 3, South Boston, MA 02127-1407 | MA | 2009-05 | $8,977 |
| 17 | Storer Trust Century Bank & Trust Co | 400 Mystic Ave, Medford, MA 02155-6316 | MA | 1963-06 | $257,752 |
| 18 | Stoughton Youth Parents Athletic Club Stoypac | 2 Canton St Ste B - 235, Stoughton, MA 02072-2867 | MA | 2009-07 | $67,005 |
| 19 | Stow Community Housing Corporation | 22 Johnston Way, Stow, MA 01775-2102 | MA | 1990-11 | $1,009,006 |
| 20 | Stow Elderly Housing Corp | 22 Johnston Way, Stow, MA 01775-2102 | MA | 1981-07 | $33,000 |
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