The Bruce And Barbara Austin Family Foundation, Austin Bruce & Barbara Ttees in Reading, 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
| The Bruce And Barbara Austin Family Foundation, Austin Bruce & Barbara Ttees | |
| Employer Identification Number (EIN) | 043430324 |
| Name of Organization | The Bruce And Barbara Austin Family Foundation |
| Secondary Name | Austin Bruce & Barbara Ttees |
| In Care of Name | Bruce And Barbara Austin |
| Address | 18 Fairchild Dr, Reading, MA 01867-1258 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 04/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $771,471 |
| Amount of Income | $241,310 |
| Form 990 Revenue Amount | $-56,841 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Education (Not Elsewhere Classified) |
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 | $6,497 | $21,061 | $0 | |
| Contributions, gifts, grants, etc., received | $262 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $21,061 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $72,244 | $5,152 | $0 | $64,680 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $7,564 | $5,152 | $0 | |
| Contributions, gifts, grants paid | $64,680 | |||
| Excess of revenue over expenses and disbursements | $-65,747 | |||
| Net investment income | $15,909 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $793,721 | $827,135 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $316,817 | |
| Investments-corporate bonds | $266,546 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $178,214 | |
| Other | $32,144 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $793,721 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-14,826 |
| 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 | $159 |
| Total credits and payments | $280 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $280 |
| 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 | $121 |
| Amount to be credited to 2013 estimated tax | $121 |
| 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? | 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 | $834,375 |
| Net value of noncharitable-use assets | $821,860 |
| Minimum investment return | $41,093 |
| Distributable Amount (for 2012) | |
| Distributable amount | $40,934 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $40,934 |
| 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 | The Blanker Foundation Inc | 456 Mount Hermon Station Rd, Northfield, MA 01360-9507 | MA | 1985-09 | $18,642 |
| 2 | The Boston Cecilia Inc | 1773 Beacon St, Brookline, MA 02445-4214 | MA | 1952-06 | $103,789 |
| 3 | The Boston Education Development Foundation Inc | 26 Court Street, Boston, MA 02108-2528 | MA | 1985-11 | $11,619,498 |
| 4 | The Boston Printmakers Inc | Lesley University 700 Beacon Street, Boston, MA 02215 | MA | 1989-03 | $77,511 |
| 5 | Pop Warner Little Scholars Inc, Boston Raiders | 99 Woodhaven St, Mattapan, MA 02126-1729 | MA | 1990-02 | $25,000 |
| 6 | The Box Pond Association Incorporated | 23 Hartford Ave, Bellingham, MA 02019-1403 | MA | 1987-01 | $885 |
| 7 | The Brewster Baseball Club Inc | PO BOX 2349, Brewster, MA 02631-8349 | MA | 1988-03 | $155,273 |
| 8 | The Brian R Mcneil Foundation | 88 Highland Ave, Arlington, MA 02476-7839 | MA | 2006-09 | $15,526 |
| 9 | The Bridge A School And Community Partnership Inc | 360 Lynn Fells Pkwy, Melrose, MA 02176-2244 | MA | 1995-01 | $32,500 |
| 10 | The Bridgewater State University Foundation | 25 Park Ter, Bridgewater, MA 02324-2631 | MA | 1986-07 | $6,346,328 |
| 11 | The Bruce And Barbara Austin Family Foundation, Austin Bruce & Barbara Ttees | 18 Fairchild Dr, Reading, MA 01867-1258 | MA | 1999-04 | $241,310 |
| 12 | The Cambodian Mutual Assistance Association Of Greater Lowell Inc | 465 School St, Lowell, MA 01851-1844 | MA | 1986-06 | $427,224 |
| 13 | The Cape Cod Community College Educational Foundation Inc | 2240 Iyannough Rd, W Barnstable, MA 02668-1532 | MA | 1983-11 | $4,518,800 |
| 14 | The Caroline And Sigmund Schott Fund | 675 Massachusetts Avenue, Cambridge, MA 02139-3309 | MA | 1987-06 | $13,007,715 |
| 15 | The Castle Island Association Inc | 1514 Columbia Rd, Boston, MA 02127-4005 | MA | 1986-06 | $31,911 |
| 16 | The Catherine E Philbin Memorial Fund | 275 Main St, Oxford, MA 01540-2358 | MA | 1999-10 | $108,156 |
| 17 | The Catholic Academy Of Liturgy Inc | 140 Commonwealth Ave, Chestnut Hill, MA 02467-3800 | MA | 2008-09 | $3,137 |
| 18 | The Cause Du Jour Foundation | 39 Marshal St, Brookline, MA 02446-5422 | MA | 1993-01 | $710 |
| 19 | The Center For Mental Health And Retardation Services Real Estate | 1040 Waltham Street, Lexington, MA 02421-8033 | MA | 1990-04 | $45,000 |
| 20 | The Chamber Orchestra Of Boston Inc | 263 Commonwealth Ave, Boston, MA 02116-1659 | MA | 2003-04 | $30,099 |
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