Kelsey Trust, Johnson Sally P Et Al Ttee in Lincoln, 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
| Kelsey Trust, Johnson Sally P Et Al Ttee | |
| Employer Identification Number (EIN) | 046609917 |
| Name of Organization | Kelsey Trust |
| Secondary Name | Johnson Sally P Et Al Ttee |
| In Care of Name | Stephen P Johnson |
| Address | 99 Trapelo Rd, Lincoln, MA 01773-2107 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1989 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,795,406 |
| Amount of Income | $960,136 |
| Form 990 Revenue Amount | $-270,031 |
Non-representatives - add comments:
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 | $-270,031 | $75,924 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $73 | |||
| Dividends and interest from securities | $75,851 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $208,942 | $14,541 | $0 | $189,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $19,942 | $14,541 | $0 | |
| Contributions, gifts, grants paid | $289,000 | |||
| Excess of revenue over expenses and disbursements | $-478,973 | |||
| Net investment income | $61,383 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,771,590 | $3,938,603 |
| 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 | $3,706,653 | |
| Other | $64,937 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,771,590 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-345,955 |
| 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 | $1,228 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $27 |
| Tax due | $1,255 |
| 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)? | Yes |
| 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 | $4,041,539 |
| Net value of noncharitable-use assets | $3,980,920 |
| Minimum investment return | $199,046 |
| Distributable Amount (for 2012) | |
| Distributable amount | $197,818 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $197,818 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $193,868 |
| 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 | Langer Family Charitable Foundation | 118 Huntington Ave Apt 2004, Boston, MA 02116-5777 | MA | 2000-02 | $458,213 |
| 2 | Innovation Accelerator Foundation Inc | C/O Baker Corbett Geary Llc 124 Was, Foxboro, MA 02035 | MA | 2006-01 | $1 |
| 3 | L Dowey Fund | Sharon St 2, Medford, MA 02155 | MA | 2008-05 | $1,701 |
| 4 | L & B 1775 Eye Street Llc | Two Seaport Lane, Boston, MA 02210-2021 | MA | 1998-03 | $7,743,651 |
| 5 | L&b Sierra Gateway Llc | Two Seaport Lane, Boston, MA 02210-2001 | MA | 2001-01 | $2,010,709 |
| 6 | Klingenstein Char Foun Tr Dtd 052798, Klingenstein Paul Ttee | 32 Wauwinet Rd, Newton, MA 02465-2942 | MA | 1999-08 | $102,015 |
| 7 | Landmarks Foundation Protecting Sac Red Sites Globally Inc | 27 Kenneth Rd, Marblehead, MA 01945-1528 | MA | 1997-12 | $30,000 |
| 8 | Kaplan Family Charitable Trust 08-01-91, Kapland Jerome And E J Kaplan Ttees | 125a Seminary Ave Apt 133, Auburndale, MA 02466-2664 | MA | 1992-07 | $3,867 |
| 9 | Kazakh Aul Of The Usa Association For American & Kazakh Families | 302 Flagg Hill Rd, Boxborough, MA 01719-2106 | MA | 2007-06 | $77,127 |
| 10 | Kochi Foundation | 111 Browne St, Brookline, MA 02446-7007 | MA | 2001-01 | $148,186 |
| 11 | Kelsey Trust, Johnson Sally P Et Al Ttee | 99 Trapelo Rd, Lincoln, MA 01773-2107 | MA | 1989-03 | $960,136 |
| 12 | Leatherwood Foundation | 100 Federal St 37th Fl, Boston, MA 02110-1802 | MA | 2001-08 | $1,282,828 |
| 13 | Lillydale Literacy Project Inc | 42 Pleasant Street, Marblehead, MA 01945 | MA | 2001-09 | $0 |
| 14 | Lars Foundation | 23 Lee St, Cambridge, MA 02139-2203 | MA | 2000-06 | $3,949,609 |
| 15 | Language And Cognitive Development Center Inc | 154 Wells Ave Ste 5, Newton, MA 02459-3347 | MA | 1975-06 | $118,370 |
| 16 | Lansburgh Theater Inc | 197 1st Ave Ste 300, Needham, MA 02494-2874 | MA | 1992-08 | $10,329 |
| 17 | Lansing P Reed Tr U Ind 40-00-0658-0 C/O Shawmut Tr Div 6- | 395 High St, Holyoke, MA 01040-4905 | MA | 1970-12 | $8,464 |
| 18 | Lapinata Latin American Cultural Families Network Inc | 294 South Street, Jamaica Plain, MA 02130 | MA | 2001-04 | $30,691 |
| 19 | Lara Classics Inc | 9 Merrill St, Cambridge, MA 02139-1610 | MA | 1987-03 | $198,073 |
| 20 | Laraine Cohen Levy Fam Foundation Tr, Laraine Cohen Ttee | 149 Buckskin Dr, Weston, MA 02493-1166 | MA | 2006-07 | $28,891 |
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