The Hope Foundation-Usa 1999 Trust in Concord, 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 Hope Foundation-Usa 1999 Trust | |
| Employer Identification Number (EIN) | 046902384 |
| Name of Organization | The Hope Foundation-Usa 1999 Trust |
| In Care of Name | Narendra And Jyoti Popat |
| Address | 355 Pope Rd, Concord, MA 01742-5205 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2001 |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,127,099 |
| Amount of Income | $1,155,141 |
| Form 990 Revenue Amount | $51,814 |
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 | $116,882 | $114,697 | $0 | |
| Contributions, gifts, grants, etc., received | $527 | |||
| Interest on savings and temporary cash investments | $40,399 | |||
| Dividends and interest from securities | $31,622 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1,985 | |||
| Other | $42,349 | |||
| Total expenses and disbursements | $132,876 | $12,298 | $0 | $120,428 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $12,448 | $12,298 | $0 | |
| Contributions, gifts, grants paid | $120,428 | |||
| Excess of revenue over expenses and disbursements | $-15,994 | |||
| Net investment income | $102,399 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,694,455 | $3,216,192 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $164,688 | |
| Investments-corporate bonds | $750,962 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,632,684 | |
| Other | $146,121 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,694,455 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $42,349 |
| 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 | $1,024 |
| Total credits and payments | $7,930 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $7,930 |
| 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 | $6,906 |
| Amount to be credited to 2013 estimated tax | $6,906 |
| 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 | $3,120,472 |
| Net value of noncharitable-use assets | $3,073,660 |
| Minimum investment return | $153,683 |
| Distributable Amount (for 2012) | |
| Distributable amount | $152,659 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $152,659 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $152,639 |
| 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 Griffin Museum Of Photography Inc | 67 Shore Rd, Winchester, MA 01890-2821 | MA | 2000-05 | $566,708 |
| 2 | The Halalisa Singers | 4 Beverly Rd, Newton Hlds, MA 02461-1113 | MA | 2007-06 | $17,551 |
| 3 | The Hanover Historical Society | PO BOX 156, Hanover, MA 02339-0156 | MA | 1995-07 | $185,529 |
| 4 | The Harold Grinspoon Charitable Foundation | 380 Union Street, West Springfield, MA 01089-4127 | MA | 1986-09 | $1,632,290 |
| 5 | The Harvard Crimson Trust Ii | Federal Reserve Plaza 600 Atlantic, Boston, MA 02210 | MA | 1987-03 | $193,617 |
| 6 | The Heatherfield Foundation Inc | 10 Blueberry Cir, Andover, MA 01810-5032 | MA | 2001-02 | $15,259 |
| 7 | The Herbert M Karol Foundation | 750 Marrett Rd 401, Lexington, MA 02421-7309 | MA | 1985-04 | $4,529 |
| 8 | The Hermes Foundation Inc | 800 Boylston St, Boston, MA 02199-8001 | MA | 1986-11 | $372,072 |
| 9 | The Homestead Foundation Of Washington Dc | One Winthrop Sq, Boston, MA 02110-1209 | MA | $1,971,896 | |
| 10 | The Hong Kong Association Of Massachusetts Inc | 26 Dover Rd, Dover, MA 02030-2018 | MA | 2008-06 | $6,821 |
| 11 | The Hope Foundation-Usa 1999 Trust | 355 Pope Rd, Concord, MA 01742-5205 | MA | 2001-05 | $1,155,141 |
| 12 | The Hopedale Educational Endowment Trust Inc | 25 Adin St, Hopedale, MA 01747-1237 | MA | 1985-08 | $4,647 |
| 13 | The Hopkinton Public Library | 13 Main St, Hopkinton, MA 01748-1211 | MA | 1989-09 | $34,632 |
| 14 | The Hull Scholarship Fund Inc | PO BOX 154, Hull, MA 02045-0154 | MA | 1999-07 | $27,986 |
| 15 | The Ideal Club Incorporated | PO BOX 192, E Bridgewtr, MA 02333-0192 | MA | 1991-01 | $65,256 |
| 16 | The International Society Of The Study Of Trauma And Dissociation, New England Soc For Trtmnt Of T&d | PO BOX 242, Southborough, MA 01772-0242 | MA | 1988-07 | $44,852 |
| 17 | The James E And Allyce Darling Nesworthy Foundation | 160 Federal St Ste 15th, Boston, MA 02110-1700 | MA | 2005-02 | $99,417 |
| 18 | The James L And Nancy J Bildner Foundation, Brown Michael L Ttee | C/O Marcum Llp 53 State Street, Boston, MA 02109 | MA | 1998-11 | $1,750 |
| 19 | The James Parker Charitable Foundation | PO BOX 55806, Boston, MA 02205-5806 | MA | 2002-01 | $687,951 |
| 20 | The Janey Fund Charitable Trust | 1330 Boylston Street, Chestnut Hill, MA 02467-2145 | MA | 1987-01 | $40,364,297 |
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