The John And Mary Corcoran Family Foundation in Braintree, 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 John And Mary Corcoran Family Foundation | |
| Employer Identification Number (EIN) | 046689934 |
| Name of Organization | The John And Mary Corcoran Family Foundation |
| Address | 100 Grandview Rd Ste 207, Braintree, MA 02184-2692 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1992 |
| 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 | $50,000,000 to greater |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $84,615,334 |
| Amount of Income | $50,536,036 |
| Form 990 Revenue Amount | $4,314,468 |
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 | $3,459,758 | $3,420,564 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,972,675 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $251,927 | |||
| Other | $1,235,156 | |||
| Total expenses and disbursements | $4,614,533 | $347,114 | $0 | $4,103,125 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $679,644 | $347,114 | $168,236 | |
| Contributions, gifts, grants paid | $3,934,889 | |||
| Excess of revenue over expenses and disbursements | $-1,154,775 | |||
| Net investment income | $3,073,450 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $79,099,714 | $86,646,786 |
| Cash - non-interest-bearing | $1,000,289 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $66,665,218 | |
| Other | $11,434,207 | |
| Total liabilities | $107,287 | |
| Mortgages and other notes payable | $0 | |
| Other | $107,287 | |
| Total liabilities and net assets/fund balances | $78,992,427 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,235,156 |
| 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 | $61,469 |
| Total credits and payments | $80,600 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $80,600 |
| 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 | $172 |
| Tax due | $0 |
| Overpayment | $18,959 |
| Amount to be credited to 2013 estimated tax | $18,959 |
| 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? | Yes |
| 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 | $85,995,383 |
| Net value of noncharitable-use assets | $84,705,460 |
| Minimum investment return | $4,235,273 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,173,804 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,173,804 |
| 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 Housing Partnership Fund Inc | 1 Washington Mall Fl 12, Boston, MA 02108-2603 | MA | 2000-11 | $225,520 |
| 2 | The Housing Partnership Network Inc | 1 Washington Mall Fl 12, Boston, MA 02108-2603 | MA | 1993-06 | $12,258,795 |
| 3 | The Hyannis Area Chamber Of Commerce Inc | Of Commerce, Hyannis, MA 02601 | MA | 1982-01 | $656,357 |
| 4 | The International Society For The Psychological Treatments Of The | 8 Sherborne Cir, Ashland, MA 01721-2312 | MA | 2004-01 | $62,513 |
| 5 | The Irish American Partnership Inc | 15 Broad St Ste 501, Boston, MA 02109-3819 | MA | 1987-04 | $991,087 |
| 6 | The Jasper Foundation | 1 Broadway Ste 12, Cambridge, MA 02142-1189 | MA | 2001-08 | $2,509 |
| 7 | The Jennison Charitable Foundation | 150 Mount Vernon St Ste 500, Boston, MA 02125-3135 | MA | 1997-01 | $631,185 |
| 8 | The Jewish Cemetery Association Of Massachusetts Inc | 189 Wells Ave Fl 3, Newton Centre, MA 02459-3346 | MA | 1986-08 | $5,116,992 |
| 9 | The Jewish Community Center Of The North Shore Inc | 4 Community Rd, Marblehead, MA 01945-2766 | MA | 1944-11 | $4,564,296 |
| 10 | The Jewish Home For Aged Foundation Inc | 629 Salisbury St, Worcester, MA 01609-1120 | MA | 1988-04 | $3,674,909 |
| 11 | The John And Mary Corcoran Family Foundation | 100 Grandview Rd Ste 207, Braintree, MA 02184-2692 | MA | 1992-03 | $50,536,036 |
| 12 | The Joy Foundation | 100 Captains Row Apt 203, Chelsea, MA 02150-4021 | MA | 2002-12 | $1 |
| 13 | The Julie And Dennis Murphy Family Foundation | PO BOX 77, Still River, MA 01467-0077 | MA | 2004-03 | $28,909 |
| 14 | The Karen Milanese Wing Family Charitable Foundation | Bowditch Dewey 1 Intl Place, Boston, MA 02110 | MA | 2004-10 | $26,003 |
| 15 | The Learning Circle Preschool Inc, Learning Circle Preschool | 3 Blue Hill River Rd, Canton, MA 02021-1001 | MA | 2006-09 | $325,748 |
| 16 | The Lenny Zakim Fund Inc | 33 Arch Street 26th Floor, Boston, MA 02110-1424 | MA | 2000-04 | $1,363,149 |
| 17 | The Loesser Family Charitable Trust | One International Pl, Boston, MA 02110-2602 | MA | 1968-10 | $1,098 |
| 18 | The Louise C And Alvin Slotnick Family Charitable Foundation | 47 Oakvale Rd, Newton, MA 02468-1116 | MA | 2001-01 | $267,411 |
| 19 | The Magic Years Pre-School Inc | PO BOX 352, Ashland, MA 01721-0352 | MA | 1988-01 | $110,639 |
| 20 | The Manzanar Project Foundation Inc | 27 Cedar St, Wenham, MA 01984-1536 | MA | 1993-06 | $357,479 |
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