Verrochi Fam Charitable Tr Udt 082193, Verrochi Paul M & Junemarie Ttee in Boston, 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
| Verrochi Fam Charitable Tr Udt 082193, Verrochi Paul M & Junemarie Ttee | |
| Employer Identification Number (EIN) | 046740855 |
| Name of Organization | Verrochi Fam Charitable Tr Udt 082193 |
| Secondary Name | Verrochi Paul M & Junemarie Ttee |
| Address | 33 Beaver Pl, Boston, MA 02108-3303 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 07/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,170,325 |
| Amount of Income | $399,964 |
| Form 990 Revenue Amount | $55,450 |
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 | $55,450 | $57,786 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $192 | |||
| Dividends and interest from securities | $57,594 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $179,122 | $2,824 | $0 | $175,704 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,893 | $2,824 | $1,475 | |
| Contributions, gifts, grants paid | $174,229 | |||
| Excess of revenue over expenses and disbursements | $-123,672 | |||
| Net investment income | $54,962 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,301,696 | $1,315,063 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $1,040,290 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $261,406 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,301,696 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-2,336 |
| 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 | $550 |
| Total credits and payments | $650 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $650 |
| 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 |
| Overpayment | $100 |
| Amount to be credited to 2013 estimated tax | $100 |
| 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 | $1,364,168 |
| Net value of noncharitable-use assets | $1,343,700 |
| Minimum investment return | $67,185 |
| Distributable Amount (for 2012) | |
| Distributable amount | $66,635 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $66,635 |
| 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 | Varnum Brook Parent-Teacher Organization | 10 Hollis St, Pepperell, MA 01463-1411 | MA | 2006-10 | $39,430 |
| 2 | Vascular Laboratory Inc | 763d Concord Ave, Cambridge, MA 02138 | MA | 1975-03 | $682,015 |
| 3 | Vechulai | 100 Hano Street, Allston, MA 02134-1636 | MA | 2010-09 | $80,821 |
| 4 | Venilia Gardens Inc | 172 William St # 1, New Bedford, MA 02740-6022 | MA | 1994-10 | $151,172 |
| 5 | Vento Chiaro Inc | 38 Lincoln St, Somerville, MA 02145 | MA | 2000-12 | $29,465 |
| 6 | Verdi Club Inc | 58 Chapin St, W Springfield, MA 01089-3932 | MA | 1976-08 | $222,852 |
| 7 | Veritas Academy | PO BOX 940, W Barnstable, MA 02668-0940 | MA | 1999-02 | $292,699 |
| 8 | Veritas Christian Academy Inc | 6 Loker St, Wayland, MA 01778-4618 | MA | 2010-10 | $777,134 |
| 9 | Veritas Forum Inc | 1 Broadway Fl 14, Cambridge, MA 02142-1187 | MA | 2007-05 | $1,739,018 |
| 10 | Veronica B Smith Multi-Service Senior Center Inc | 20 Chestnut Hill Ave, Brighton, MA 02135-3214 | MA | 1983-12 | $69,359 |
| 11 | Verrochi Fam Charitable Tr Udt 082193, Verrochi Paul M & Junemarie Ttee | 33 Beaver Pl, Boston, MA 02108-3303 | MA | 1994-12 | $399,964 |
| 12 | Vesper-Country Club Inc | 185 Pawtucket Blvd, Tyngsboro, MA 01879-2110 | MA | 1934-08 | $5,802,621 |
| 13 | Veteran Fireman Association Incorporated-Gerry No 5 | 210 Beacon St, Marblehead, MA 01945-1506 | MA | 1969-01 | $479,808 |
| 14 | Veteran Homestead Inc | 69 High St Rear Door, Fitchburg, MA 01420-7508 | MA | 1993-11 | $1,483,643 |
| 15 | Veterans Association Of Bristol County Inc | 755 Pine St, Fall River, MA 02720-5005 | MA | 1994-01 | $181,790 |
| 16 | Veterans Benefits Clearing House Inc | 495 Blue Hill Ave, Dorchester, MA 02121-3235 | MA | 1994-07 | $5,890 |
| 17 | Veterans Benefits Clearinghouse Development Corporation | 495 Blue Hill Ave, Dorchester, MA 02121-3235 | MA | 1998-06 | $213,930 |
| 18 | Veterans Education Project Incorporated | PO BOX 416, Amherst, MA 01004-0416 | MA | 1992-11 | $50,481 |
| 19 | Veterans Inc | 69 Grove St, Worcester, MA 01605-2600 | MA | 1991-06 | $10,861,226 |
| 20 | Veterans North East Outreach Center Inc | 65 Cedar Street, Haverhill, MA 01830-5059 | MA | 1986-09 | $2,963,135 |
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