Willard C Tilson Foundation in Rockport, Massachusetts (MA)

Willard C Tilson Foundation
Employer Identification Number (EIN)	046036556
Name of Organization	Willard C Tilson Foundation
In Care of Name	Bayard Waring
Address	3 Sandaba Rd, Rockport, MA 01966-1812
Activities	Gifts, grants, or loans to other organizations
Subsection	Charitable Organization
Ruling Date	10/1960
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Trust
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$1,000,000 to $4,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$3,604,846
Amount of Income	$1,066,145
Form 990 Revenue Amount	$267,677

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2012)
Total revenue	$606,045	$606,045	$177,351
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$2,430
Dividends and interest from securities	$118,258
Gross rents	$0
Gross profit from sales of goods	$0
Other income	$56,663
Other	$428,694
Total expenses and disbursements	$414,477	$23,129	$14,129	$391,348
Compensation of officers, directors, trustees, etc.	$20,000
Total operating and administrative expenses	$34,477	$23,129		$11,348
Contributions, gifts, grants paid	$380,000
Excess of revenue over expenses and disbursements	$191,568
Net investment income		$582,916
Adjusted net income			$163,222

	Book Value	Fair Market Value
Balance Sheets (for 2012)
Total assets	$3,894,109	$4,435,706
Cash - non-interest-bearing	$0
Investments-U.S. and state government obligations	$0
Investments-corporate stock	$3,259,290
Investments-corporate bonds	$0
Investments-mortgage loans	$0
Investments-other	$0
Other	$634,819
Total liabilities	$0
Total liabilities and net assets/fund balances	$3,894,109

Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income	$428,694
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	$5,829
Total credits and payments	$6,038
2012 estimated tax payments and 2011 overpayment credited to 2012	$2,038
Exempt foreign organizations-tax withheld at source	$0
Tax paid with application for extension of time to file (Form 8868)	$4,000
Backup withholding erroneously withheld	$0
Any penalty for underpayment of estimated tax	$0
Tax due	$0
Overpayment	$209
Amount to be credited to 2013 estimated tax	$209

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?	Yes
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	$4,477,685
Net value of noncharitable-use assets	$4,410,520
Minimum investment return	$220,526

Distributable Amount (for 2012)
Distributable amount	$214,697

Undistributed Income (for 2012)
Distributable amount for 2012	$214,697
Undistributed income for 2012. This amount must be distributed in 2013	$0

	2012	2011	2010	2009	Total
Private Operating Foundations (for 2012)
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

Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review

Would you recommend Willard C Tilson Foundation to others? (optional)

Yes

Add photo of Willard C Tilson Foundation (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (216.73.217.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
The Red Sox Foundation Inc in Boston, MA
King Solomon Humanitarian Foundation For Handicapped Childre, Handi-Kids in Bridgewater, MA
Iglesia Camino Al Calvario in Lynn, MA
Rossbach Charitable Remainder Tr, Rossbach Janice & C E Ahara Ttees in Lexington, MA
Massachusetts-Ponkapoag Tribal Council Inc in Bridgewater, MA
Fc Blazers in Needham Hgts, MA
Twilight Throwers in Chelmsford, MA
Wayland Baseball And Softball Association Inc in Wayland, MA
Wellspring Inc in Hull, MA
Reason Alliance Ltd in Somerville, MA

Recently Added Reviews

The Red Sox Foundation Inc in Boston, MA

King Solomon Humanitarian Foundation For Handicapped Childre, Handi-Kids in Bridgewater, MA

Iglesia Camino Al Calvario in Lynn, MA

Rossbach Charitable Remainder Tr, Rossbach Janice & C E Ahara Ttees in Lexington, MA

Massachusetts-Ponkapoag Tribal Council Inc in Bridgewater, MA

Fc Blazers in Needham Hgts, MA

Twilight Throwers in Chelmsford, MA

Wayland Baseball And Softball Association Inc in Wayland, MA

Wellspring Inc in Hull, MA

Reason Alliance Ltd in Somerville, MA

Id	Name	Address	State	Established	Total Income
Other organizations in Massachusetts
1	Wilbraham Nature And Cultural Center Inc	PO BOX 874, Wilbraham, MA 01095-0874	MA	1994-01	$137,180
2	Wilbraham Rotary Memorial Foundation Inc	150 Entrybrook Dr, Springfield, MA 01108-3318	MA	1985-09	$28,460
3	Wilbraham Soccer Club Inc	3 Cedar Oak Dr, Wilbraham, MA 01095-1529	MA	1997-02	$109,585
4	Wilbraham Twin Meadows Hockey Association Inc	5 Herrick Pl, Wilbraham, MA 01095-1539	MA	1994-01	$198,982
5	Wilcox Family Foundation	100 Federal St 37th Flr, Boston, MA 02110-1802	MA	1989-09	$200,110
6	Wild Harbor Yacht Club Inc	PO BOX 1078, N Falmouth, MA 02556-1078	MA	1955-06	$112,883
7	Wilder Memorial Nursery School	666 Main St, Hingham, MA 02043-3120	MA	1946-06	$483,784
8	Wildflower Camp Foundation Inc	PO BOX 81116, Wellesley Hls, MA 02481-0007	MA	2005-03	$128,083
9	Wildlands Trust Inc	675 Long Pond Road, Plymouth, MA 02360	MA	2010-09	$1,756,199
10	Wildwood School Parents Advisory Council Inc	182 Wildwood Street, Wilmington, MA 01887	MA	1997-12	$0
11	Willard C Tilson Foundation	3 Sandaba Rd, Rockport, MA 01966-1812	MA	1960-10	$1,066,145
12	Willard House & Clock Museum Inc	11 Willard St, North Grafton, MA 01536-2011	MA	1979-11	$2,260,390
13	Willard Parent Teacher Group	185 Powder Mill Rd, Concord, MA 01742-4803	MA	1974-03	$54,733
14	Willett Elementary School Pto Inc	32 Watson Ave, Attleboro, MA 02703-2017	MA	2008-02	$47,719
15	Willett Pond Charitable And Protection Association Inc	33 Woodruff Rd, Walpole, MA 02081-3915	MA	1988-01	$4,877
16	William A And Edna C Silverman Charitable Fund	75 State St 18th Fl, Boston, MA 02109-1827	MA	1982-03	$28,292
17	William A Lynch Trust Uw	605 Broadway Lf41, Saugus, MA 01906-3200	MA	1973-02	$14,990
18	William A Rich Scholarship Fund Eastern Bank & Trust Co Ttee	605 Broadway Lf41, Saugus, MA 01906-3200	MA	1993-07	$10,895
19	William A Richardson	605 Broadway Lf41, Saugus, MA 01906-3200	MA		$283,514
20	William And Cynthia Marcus Family Charitable Trust	99-50 Florence Street, Chestnut Hill, MA 02467-1930	MA	1962-05	$105,231