Franklin Farrel Memorial Fund Nect in Woburn, 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
| Franklin Farrel Memorial Fund Nect | |
| Employer Identification Number (EIN) | 066020227 |
| Name of Organization | Franklin Farrel Memorial Fund Nect |
| Address | 4a Gill St, Woburn, MA 01801-1721 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1970 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2011 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $229,324 |
| Amount of Income | $12,624 |
| Form 990 Revenue Amount | $12,524 |
Non-representatives - add comments:
Revenue for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $12,524 | $4,268 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $4,268 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $8,256 | |||
| Total expenses and disbursements | $8,974 | $0 | $0 | $8,974 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $8,974 | |||
| Excess of revenue over expenses and disbursements | $3,550 | |||
| Net investment income | $4,268 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $229,324 | $214,826 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $229,324 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $229,324 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $8,256 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $43 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $43 |
| Overpayment | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $226,437 |
| Net value of noncharitable-use assets | $223,040 |
| Minimum investment return | $11,152 |
| Distributable Amount (for 2011) | |
| Distributable amount | $11,109 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $11,109 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $11,109 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Franklin Education Foundation | PO BOX 531, Franklin, MA 02038-0531 | MA | 1998-02 | $30,512 |
| 2 | Franklin Field Task Force Incorporated | 93 Ames St, Dorchestr Ctr, MA 02124-3001 | MA | 1987-04 | $24,250 |
| 3 | Franklin Food Pantry Incorporated | PO BOX 116, Franklin, MA 02038-0116 | MA | 1995-06 | $461,750 |
| 4 | Franklin Girls Softball Association | PO BOX 706, Franklin, MA 02038-0706 | MA | 1997-11 | $136,560 |
| 5 | Franklin Hampshire Regional Employment Board Inc | One Arch Pl, Greenfield, MA 01301-2457 | MA | 2002-09 | $15,365 |
| 6 | Franklin High School Boys Hockey Booster Club | PO BOX 155, Franklin, MA 02038-0155 | MA | 2008-05 | $62,759 |
| 7 | Franklin Hill Tenants Task Force Inc | 1 Shandon Rd Apt 260, Dorchester, MA 02124-1554 | MA | 1992-08 | $26,031 |
| 8 | Franklin Institute Inc | 41 Berkeley Street, Boston, MA 02116-6307 | MA | 1989-09 | $331,620 |
| 9 | Franklin July 4th Coalition Inc | 34 Meadowlark Ln, Franklin, MA 02038-5206 | MA | 2008-07 | $56,698 |
| 10 | Fitness Forward Foundation | 401 Park Dr E Harvard Sph Ste 3rd, Boston, MA 02215 | MA | 2004-05 | $38,995 |
| 11 | Franklin Farrel Memorial Fund Nect | 4a Gill St, Woburn, MA 01801-1721 | MA | 1970-12 | $12,624 |
| 12 | Fair Oaks Apartments Llc | Two Seaport Lane, Boston, MA 02210-2021 | MA | 2002-03 | $3,416,732 |
| 13 | Eve-S Fund For Native American Health Initiatives | PO BOX 73, Dalton, MA 01227-0073 | MA | 2005-11 | $83,685 |
| 14 | Frank And Marie Hamilton Charitable Fund 08-01-91, Kaplan Jerome Ttee | 125a Seminary Ave Apt 133, Auburndale, MA 02466-2664 | MA | 1991-12 | $16,361 |
| 15 | Executive Womens Golf Association Inc, Rhode Island Chapter | 64 Murray Pl, Swansea, MA 02777-5055 | MA | 1997-05 | $60,145 |
| 16 | Faxon Foundation | 144 Westminster St, Providence, MA 01001 | MA | 2006-03 | $4,001 |
| 17 | Foley Family Scholarship | 38 Resnik Rd Ste 202, Plymouth, MA 02360-7214 | MA | 2008-06 | $376,000 |
| 18 | Frances D Noyes Trust 6-01280-1 | 605 Broadway Lf 41, Saugus, MA 01906-3283 | MA | 1973-05 | $1,645,854 |
| 19 | Financial Research Association | J Pontiff Boston College Fulton Hal, Chestnut Hill, MA 02467 | MA | 2004-12 | $72,161 |
| 20 | Read To A Child Inc | 20 William St Ste G25, Wellesley, MA 02481-4113 | MA | 2006-02 | $958,374 |
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