The V Eugene And Rosalie Defreitas Charitable Foundation in Saugus, 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 V Eugene And Rosalie Defreitas Charitable Foundation | |
| Employer Identification Number (EIN) | 046714542 |
| Name of Organization | The V Eugene And Rosalie Defreitas Charitable Foundation |
| In Care of Name | Eastern Bank And Trust Co Trustee |
| Address | 605 Broadway Lf 41, Saugus, MA 01906-3283 |
| Activities | Other school related activities, Missionary activities |
| Subsection | Charitable Organization |
| Ruling Date | 01/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $8,935,734 |
| Amount of Income | $3,728,770 |
| Form 990 Revenue Amount | $551,363 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $1,359,812 | $1,070,978 | $0 | |
| Contributions, gifts, grants, etc., received | $288,094 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $307,004 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $764,714 | |||
| Total expenses and disbursements | $490,847 | $41,345 | $0 | $433,421 |
| Compensation of officers, directors, trustees, etc. | $75,263 | |||
| Total operating and administrative expenses | $105,847 | $41,345 | $48,421 | |
| Contributions, gifts, grants paid | $385,000 | |||
| Excess of revenue over expenses and disbursements | $868,965 | |||
| Net investment income | $1,029,633 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,865,748 | $9,457,530 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $8,865,748 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $8,865,748 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $764,714 |
| 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 | $20,593 |
| Total credits and payments | $10,144 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $10,144 |
| 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 | $10,449 |
| 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 | $9,439,081 |
| Net value of noncharitable-use assets | $9,297,500 |
| Minimum investment return | $464,875 |
| Distributable Amount (for 2012) | |
| Distributable amount | $444,282 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $444,282 |
| 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 Herman Karpel Memorial Foundation Inc | 317 Blue Hill Rd, Gt Barrington, MA 01230-1241 | MA | 1984-06 | $164,715 |
| 2 | The Association Of Commercial Finance Attorneys Inc | One Financial Ctr, Boston, MA 02111-2621 | MA | 1986-08 | $124,720 |
| 3 | Steel Fabricators Of New England, Edward F Feibel | 11 Robert Toner Blvd No 234, North Attleboro, MA 02763-1174 | MA | 1989-02 | $91,731 |
| 4 | The Gallery Lyons Charitable Foundation | 225 Franklin St, Boston, MA 02110-2804 | MA | 2006-06 | $1,019,303 |
| 5 | The Ossipee Club At Wolfeboro Neck | 445 Main St, Walpole, MA 02081-3749 | MA | $73,106 | |
| 6 | The Scrooby Foundation | 225 Franklin St Ma1-225-04-02, Boston, MA 02110-2804 | MA | 1995-07 | $1,239,399 |
| 7 | Stanford Outreach Ministries Inc | 88 Clayton St, Fall River, MA 02723 | MA | 2009-03 | $0 |
| 8 | Trust In Diversity | One Federal St, Boston, MA 02110-2012 | MA | 1995-04 | $1,105,286 |
| 9 | The Uphams Corner Community Center Inc | 500 Columbia Rd, Dorchester, MA 02125-2322 | MA | 1982-07 | $1,582,132 |
| 10 | The Urban Charitable Trust | 1106 Webster St, Needham, MA 02492-3238 | MA | 1988-03 | $207 |
| 11 | The V Eugene And Rosalie Defreitas Charitable Foundation | 605 Broadway Lf 41, Saugus, MA 01906-3283 | MA | 1993-01 | $3,728,770 |
| 12 | The Velmans Foundation Inc C/O Franklin Weinrib Rudell & Vassallo | PO BOX 178, Sheffield, MA 01257-0178 | MA | 1986-07 | $147,546 |
| 13 | The Village Improvement Society Of Dennis | PO BOX 779, Dennis, MA 02638-0779 | MA | 1988-01 | $48,081 |
| 14 | The Voice Of The Armenian Church Inc | PO BOX 321, Sutton, MA 01590-0321 | MA | 1984-10 | $46,489 |
| 15 | The W & R Bernheimer Family Foundation, Bernheimer Walter S Ii Ttee | 10 Laurel Ave, Wellesley, MA 02481-7523 | MA | 2000-03 | $172,678 |
| 16 | The Wapack Foundation C/O Nichols And Pratt | 50 Congress St, Boston, MA 02109-4002 | MA | 1993-04 | $161,575 |
| 17 | The Wellesley Hills Junior Womans Club Inc | PO BOX 81278, Wellesley, MA 02481-0002 | MA | 2010-07 | $360,511 |
| 18 | The Westfield Kiwanis Foundation Inc | Po Box 858, Westfield, MA 01086-0858 | MA | 2009-03 | $56,715 |
| 19 | The Westwood Public Library 21st Century Fund Inc | 660 High St, Westwood, MA 02090-1630 | MA | 2007-06 | $41,229 |
| 20 | The Whale Center Of New England Inc | PO BOX 159, Gloucester, MA 01931-0159 | MA | 1980-06 | $237,603 |
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