Martin Charity Fund in Wolfeboro, New Hampshire (NH)
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 New Hampshire
| Martin Charity Fund | |
| Employer Identification Number (EIN) | 026006524 |
| Name of Organization | Martin Charity Fund |
| In Care of Name | Philip J Ganem |
| Address | PO BOX 1739, Wolfeboro, NH 03894-1739 |
| Activities | Gifts or grants to individuals (other than scholarships), Other health services |
| Subsection | Charitable Organization |
| Ruling Date | 11/1942 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $123,479 |
| Amount of Income | $18,518 |
| Form 990 Revenue Amount | $4,108 |
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 | $13,960 | $13,960 | $3,196 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $6 | |||
| Dividends and interest from securities | $2,646 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $11,308 | |||
| Total expenses and disbursements | $4,908 | $3,568 | $0 | $1,200 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,708 | $3,568 | $0 | |
| Contributions, gifts, grants paid | $1,200 | |||
| Excess of revenue over expenses and disbursements | $9,052 | |||
| Net investment income | $10,392 | |||
| Adjusted net income | $3,196 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $124,856 | $125,823 |
| Cash - non-interest-bearing | $727 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $124,129 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $124,856 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $11,308 |
| 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 | $208 |
| Total credits and payments | $100 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $100 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $108 |
| 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? | Yes |
| 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 | $124,426 |
| Net value of noncharitable-use assets | $122,560 |
| Minimum investment return | $6,128 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5,920 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5,920 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $5,920 |
| 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 New Hampshire | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Marie Ledoux Foundation | PO BOX 327, Hollis, NH 03049-0327 | NH | 1995-02 | $5,008 |
| 2 | Marion C Cohen Trust | PO BOX 477, Concord, NH 03302-0477 | NH | 1983-10 | $50,954 |
| 3 | Marion C Smyth Trust Estate Uw | 1001 Elm Street, Manchester, NH 03101-1828 | NH | 1973-08 | $6,479,050 |
| 4 | Marion Gerrish Community Center Inc | 39 W Broadway, Derry, NH 03038-2305 | NH | 1981-11 | $1,126,945 |
| 5 | Mark H Wentworth Home For Chronic Invalids | 346 Pleasant St, Portsmouth, NH 03801-4536 | NH | 1943-06 | $15,160,178 |
| 6 | Market Square Steeple Fund | Po Box 418, Portsmouth, NH 03801 | NH | 2006-01 | $1,578 |
| 7 | Marl-Harris First Aid And Emergency Squad Inc | PO BOX 399, Marlborough, NH 03455-0399 | NH | 2007-01 | $79,699 |
| 8 | Marquis Musical Pre-Kindergarten | 335 Smyth Rd, Manchester, NH 03104-3465 | NH | 1973-08 | $33,882 |
| 9 | Marshall L And Barbara A Tobins Family Charitable Foundation | 98 Spit Brook Rd Ste 101, Nashua, NH 03062-5737 | NH | 2001-02 | $321,622 |
| 10 | Martial Arts For Everyone | Po Box 336 / 91 Chester Road, Auburn, NH 03032 | NH | 2005-11 | $0 |
| 11 | Martin Charity Fund | PO BOX 1739, Wolfeboro, NH 03894-1739 | NH | 1942-11 | $18,518 |
| 12 | Martin I Elkin And Pauline G Elkin Charitable Tr | PO BOX 2049, New Castle, NH 03854-2049 | NH | 1991-10 | $78,237 |
| 13 | Martin J Coronis Educational Fund | 9 Woodward Rd, Merrimack, NH 03054-2334 | NH | 1969-09 | $548 |
| 14 | Martin John Lafoley Foundation, Lafoley Michael J Co-Tee | PO BOX 1763, Meredith, NH 03253-1763 | NH | 1993-02 | $66,699 |
| 15 | Martin Salomon Morton And Gustel Schreiber Morton Foundation | PO BOX 245, New London, NH 03257-0245 | NH | 1998-04 | $144,023 |
| 16 | Mary & Christopher Rodgers Foundation Whippoorwill Financial | 10 Grove Ct, Exeter, NH 03833-2711 | NH | 1982-08 | $34,300 |
| 17 | Mary A Sweeney Home | 50 E Pearl St, Nashua, NH 03060-3439 | NH | 1975-02 | $2,887,345 |
| 18 | Mary And John Elliot Charitable Foundation | 1070 Holt Ave Unit 1 Ste 2100, Manchester, NH 03109-5603 | NH | 2001-06 | $2,728,226 |
| 19 | Mary E Elliot Trust | 93 Woodland Dr, Contoocook, NH 03229-2533 | NH | 1972-06 | $72,005 |
| 20 | Mary R Martin Testamentary 2 | PO BOX 1739, Wolfeboro, NH 03894-1739 | NH | 1952-12 | $80,535 |
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