The Michael And Helen Valerio Charitable Foundation, Valerio Michael A Ttee in Danvers, Massachusetts (MA)

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The Michael And Helen Valerio Charitable Foundation, Valerio Michael A Ttee
Employer Identification Number (EIN)046903625
Name of OrganizationThe Michael And Helen Valerio Charitable Foundation
Secondary NameValerio Michael A Ttee
In Care of NameChiuve & Company
Address100 Conifer Hill Drive, Danvers, MA 01923-1180
SubsectionCharitable Organization
Ruling Date09/2000
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$1,526,898
Amount of Income$588,965
Form 990 Revenue Amount$286,389
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations


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Amount of income in 2014: $588,965 (it was $12,707 in 2012)
This organization: 

 $588,965
Other organizations performing similar types of work: 

 $107,502

Assets in 2014: $1,526,898 (it was $1,660,671 in 2012)
The Michael And Helen Valerio Charitable Foundation, Valerio Michael A Ttee: 

 $1,526,898
Other organizations performing similar types of work: 

 $322,766

Expenses in 2012: $202,137
This organization: 

 $202,137
Other organizations performing similar types of work: 

 $58,249

Income to expenses ratio in 2012: 2.9
The Michael And Helen Valerio Charitable Foundation, Valerio Michael A Ttee: 

 2.9
Other organizations performing similar types of work: 

 2.0

Grants share in income in 2012: -0.0%
The Michael And Helen Valerio Charitable Foundation, Valerio Michael A Ttee: 

 -0.0%
Other organizations performing similar types of work: 

 98.7%

Financial snapshot ($)

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$-78,060$12,707$12,707
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$12,707
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$202,137$35,775$0$166,362
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$35,775$35,775$0
Contributions, gifts, grants paid$166,362
Excess of revenue over expenses and disbursements$-280,197
Net investment income$0
Adjusted net income$12,707
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$1,660,671$1,683,291
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$1,054,179
Investments-corporate bonds$153,572
Investments-mortgage loans$0
Investments-other$0
Other$452,920
Total liabilities$0
Total liabilities and net assets/fund balances$1,660,671
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$-90,767
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?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$1,825,383
Net value of noncharitable-use assets$1,798,000
Minimum investment return$89,900
Distributable Amount (for 2012)
Distributable amount$89,900
Undistributed Income (for 2012)
Distributable amount for 2012$89,900
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Rx FoundationPO BOX 23, Hadley, MA 01035-0023MA2002-07$15,046,532
2Louise Sven And Anna Betty Carlson Foundation, Janet M Smith TteeC/O Rsb 160 Federal Street 15th, Boston, MA 02110MA2011-08$4,503,389
3Taniguchi Deane Family Foundation, Deane Gordon L Ttee13 Elm St, Cohasset, MA 02025-1828MA2005-05$2,460,042
4Blue Hills Bank Charitable Foundation Inc1196 River St, Hyde Park, MA 02136-2906MA2011-01$1,157,296
5The Michael And Helen Valerio Charitable Foundation, Valerio Michael A Ttee100 Conifer Hill Drive, Danvers, MA 01923-1180MA2000-09$588,965
6Michael T Sherman FoundationPO BOX 961209, Boston, MA 02196-1209MA2011-02$403,572
7Sunstar Foundation419 Brookline Ave, Boston, MA 02215-5410MA2012-05$300,000
8Hastings Family Foundation Inc3 Buckingham Ter, Wellesley, MA 02482-7339MA2012-01$253,228
9Chicopee Savings Bank Charitable Foundation70 Center St, Chicopee, MA 01013-1666MA2007-12$233,200
10Search Foundation45aa Tosca Dr, Stoughton, MA 02072-1501MA1998-10$193,087
11Sarathy Foundation Tr Ud 09182001, Bose Vanu & Maya & Etal TteesPO BOX 616, Carlisle, MA 01741-0616MA2002-01$172,534
12We Share A Common Thread Foundation Inc1 Tremont Pl, Lowell, MA 01854-3658MA2012-05$166,942
13The Safe Family Foundation45 School St Fl 5, Boston, MA 02108-3207MA2002-01$149,568
14Schley Family Foundation, Bakinowski Daniel TteeAtlantic Trust Co 100 Federal St, Boston, MA 02110MA2001-01$115,770
15Staples Share Fund Inc500 Staples Dr, Framingham, MA 01702-4478MA2014-07$90,813
16The Mundt Family Foundation, Kevin A Mundt145 Weston Rd, Lincoln, MA 01773-4506MA2008-04$81,932
17Worthwhile Life Incorporated65a Industrial Park Rd, Hingham, MA 02043-4306MA2011-06$78,738
18Trinity Financial Charitable Fund Inc40 Court St St 8th Fl, Boston, MA 02110MA2008-08$75,000
19Consigli Construction Foundation Inc72 Sumner St, Milford, MA 01757-1663MA2010-05$68,380
20Walcott Charitable Tr, Woodburn R Robert Jr TteePO BOX 55806, Boston, MA 02205-5806MA1999-07$63,813
Number of organizations performing similar types of work
Alaska6
Alabama22
Arkansas13
Arizona41
California323
Colorado62
Connecticut59
District of Columbia21
Delaware45
Florida200
Georgia87
Hawaii13
Iowa26
Idaho13
Illinois148
Indiana53
Kansas20
Kentucky21
Louisiana20
Massachusetts108
Maryland62
Maine6
Michigan78
Minnesota56
Missouri38
Mississippi11
Montana12
North Carolina85
North Dakota3
Nebraska23
New Hampshire10
New Jersey139
New Mexico14
Nevada24
New York359
Ohio99
Oklahoma35
Oregon40
Pennsylvania119
Rhode Island21
South Carolina19
South Dakota6
Tennessee28
Texas190
Utah31
Virginia60
Vermont8
Washington67
Wisconsin52
West Virginia2
Wyoming10
International5
Total3,013

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