The Rachel Molly Markoff Foundation, Markoff Gary M Ttee in Wellesley, Massachusetts (MA)

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The Rachel Molly Markoff Foundation, Markoff Gary M Ttee
Employer Identification Number (EIN)046907596
Name of OrganizationThe Rachel Molly Markoff Foundation
Secondary NameMarkoff Gary M Ttee
In Care of NameSherin And Lodgen Llp
Address33 Chestnut St, Wellesley, MA 02481-3005
SubsectionCharitable Organization
Ruling Date06/2000
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusOrganization terminating its private foundation status under section 507(b)(1)(B) of the Code
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$161,267
Amount of Income$94,906
Form 990 Revenue Amount$36,536
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $94,906 (it was $143,302 in 2012)
This organization: 

 $94,906
Other organizations performing similar types of work: 

 $72,190

Assets in 2013: $161,267 (it was $131,805 in 2012)
The Rachel Molly Markoff Foundation, Markoff Gary M Ttee: 

 $161,267
Other organizations performing similar types of work: 

 $42,723

Expenses in 2012: $85,338
The Rachel Molly Markoff Foundation, Markoff Gary M Ttee: 

 $85,338
Other organizations performing similar types of work: 

 $42,209

Income to expenses ratio in 2012: 1.1
The Rachel Molly Markoff Foundation, Markoff Gary M Ttee: 

 1.1
Other organizations performing similar types of work: 

 0.4

Grants share in income in 2012: 17.9%
This organization: 

 17.9%
Other organizations performing similar types of work: 

 4.7%

Financial snapshot ($)

Revenue for 2012

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$139,633$346$114,564
Contributions, gifts, grants, etc., received$25,000
Interest on savings and temporary cash investments$8
Dividends and interest from securities$269
Gross rents$0
Gross profit from sales of goods$104,287
Gross sales less returns and allowances$100,618
Less: Cost of goods sold$3,669
Other income$10,000
Other$69
Total expenses and disbursements$85,338$0$20,800$52,913
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$32,425$0$0
Contributions, gifts, grants paid$52,913
Excess of revenue over expenses and disbursements$54,295
Net investment income$346
Adjusted net income$93,764
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$131,805$131,805
Cash - non-interest-bearing$71,518
Investments-U.S. and state government obligations$0
Investments-corporate stock$10,037
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$5,623
Other$44,627
Total liabilities$1,985
Mortgages and other notes payable$0
Other$1,985
Total liabilities and net assets/fund balances$129,820
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$69
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$3
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$3
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$100,610
Net value of noncharitable-use assets$99,100
Minimum investment return$4,955
Distributable Amount (for 2012)
Distributable amount$4,952
Undistributed Income (for 2012)
Distributable amount for 2012$4,952
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
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2The@joan And Leo Mahoney Family Foundatiohn, Mahoney Leo Ttee250 Westview Rd, Lowell, MA 01851-3436MA1999-08$1,003,934
3Amelia And Joshua Katzen Family Foundation Inc40 Nonantum St, Newton, MA 02458-2434MA2011-09$654,174
4Ripples Of Hope Inc132 Turnpike Road, Southborough, MA 01772MA2009-02$327,746
5Philanthropy Connection Inc4 Bond St, Cambridge, MA 02138-2308MA2012-09$303,573
6It Takes A Community Foundation IncPO BOX 1578, Greenfield, MA 01302-1578MA2010-07$270,301
7Vecna Cares Charitable Tr36 Cambridgepark Drive, Cambridge, MA 02140MA2009-03$216,693
8Small Army For A Cause Inc300 Massachusetts Ave Ste 2, Boston, MA 02115-4544MA2009-04$144,877
9Tripp Memorial Foundation Inc16 School St, Shelburne Fls, MA 01370-1310MA2001-10$133,775
10The Rachel Molly Markoff Foundation, Markoff Gary M Ttee33 Chestnut St, Wellesley, MA 02481-3005MA2000-06$94,906
11Winchester Neighbors ClubPo Box 814, Winchester, MA 01890MA2008-06$93,169
12Upton Mens Club IncPO BOX 93, Upton, MA 01568-0093MA1999-01$91,999
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17Donation Angel Inc30 Summer Street, Lunenburg, MA 01462MA2013-05$47,796
18Rotary Club Of Gloucester Foundation IncPO BOX 1228, Gloucester, MA 01931-1228MA2006-10$39,814
19Peloton Foundation Inc2 International Pl Fl 5, Boston, MA 02110-4105MA2014-08$38,080
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Number of organizations performing similar types of work
Alaska6
Alabama40
Arkansas22
Arizona64
California413
Colorado82
Connecticut60
District of Columbia24
Delaware23
Florida243
Georgia99
Hawaii14
Iowa31
Idaho14
Illinois135
Indiana57
Kansas27
Kentucky41
Louisiana31
Massachusetts116
Maryland90
Maine12
Michigan90
Minnesota68
Missouri61
Mississippi13
Montana14
North Carolina108
North Dakota7
Nebraska16
New Hampshire17
New Jersey148
New Mexico10
Nevada35
New York266
Ohio131
Oklahoma35
Oregon47
Pennsylvania143
Rhode Island26
South Carolina46
South Dakota11
Tennessee50
Texas243
Utah31
Virginia114
Vermont7
Washington72
Wisconsin58
West Virginia18
Wyoming8
International7
Total3,544

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