CLIPPER SHIP FOUNDATION INC C/O HILL & BARLOW: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- CLIPPER SHIP FOUNDATION INC C/O HILL & BARLOW (EIN 04-2687384)
- Tax period
- 2018-11-01 to 2019-10-31
- Filed
- 2020-06-18
- IRS object ID
- 202031709349100723
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-06-18T13:19:54-05:00 | ReturnTs |
| Tax Period End | 2019-10-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042442519 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDELSTEIN AND COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 160 FEDERAL STREET 9TH FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-11-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042687384 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIPPER SHIP FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CLIP | BusinessNameControlTxt |
| Phone | 6173774367 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 870138 | AddressLine1Txt |
| City | MILTON VILLAGE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02187 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DONALD J GREENE | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6173774367 | PhoneNum |
| Signature | 2020-06-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EUGENE BORGONZI | PreparerPersonNm |
| PTIN | P01269879 | PTIN |
| Phone | 6172276161 | PhoneNum |
| Preparation | 2020-06-16 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $24,073,981 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $8,421 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $8,421 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $506,413 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $506,413 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,219,723 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $24,168,773 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,219,723 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $13,154 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $14,354 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,747,711 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,748,911 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $64,675 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $4,500 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $52,632 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $2,924 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $2,924 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $16,186 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $12,751 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $64,751 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $62,661 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $2,090 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $34,820 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $10,450 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $10,450 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $193,806 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $67,161 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $80,847 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,323,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,323,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,517,306 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $67,161 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,404,347 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $230,405 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,681,750 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $143,300 | CashBOYAmt |
| Cash EOY | $104,050 | CashEOYAmt |
| Cash EOYFMV | $104,050 | CashEOYFMVAmt |
| Sav And Temp Cash Invst EOY | $65,565 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $65,565 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $22,463,234 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $23,860,620 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $23,860,620 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $21,066 | OtherAssetsBOYAmt |
| Other Assets EOY | $43,746 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $43,746 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $22,627,600 | TotalAssetsBOYAmt |
| Total Assets EOY | $24,073,981 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $24,073,981 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $10,977 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $9,000 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $27,000 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $9,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $37,977 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $22,618,600 | UnrestrictedBOYAmt |
| Unrestricted EOY | $24,036,004 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $22,618,600 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $24,036,004 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $22,627,600 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $24,073,981 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $22,618,600 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $230,405 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,205,867 | OtherIncreasesAmt |
| Subtotal | $24,054,872 | SubtotalAmt |
| Other Decreases | $18,868 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $24,036,004 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| SALE OF PUBLICLY TRADED SECURITIES | $24,168,773 | $22,952,190 | $1,216,583 | $1,216,583 | |
| GAIN FROM TRG FORESTRY FUND 8-B LP K-1 | $3,140 | $3,140 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,219,723 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,376,628 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $24,279,691 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.056699 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $613,933 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $23,191,951 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.026472 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,496,848 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $22,419,051 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.066767 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,635,045 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $25,316,188 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.064585 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,615,187 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $26,392,521 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.061199 | DistributionYr5Rt |
| Total Distribution | 0.275722 | TotalDistributionRt |
| Average Distribution | 0.055144 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $23,202,925 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,279,502 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $16,818 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,296,320 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,404,347 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $16,818 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $16,818 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $16,818 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $60,564 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $60,564 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $43,746 | OverpaymentAmt |
| Applied To ES Tax | $43,746 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | HTTP://CLIPPERSHIPFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | DONALD GREENE | IndividualWithBooksNm |
| Phone | 6173774367 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 870138 | AddressLine1Txt |
| City | MILTON VILLAGE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02187 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DONALD J GREENE | ||||||||
| PO BOX 870138 | MILTON VILLAGE | MA | 02187 | CHAIRMAN/PRESIDENT/DIRECTOR | 2.00 | $0 | $0 | $0 |
| GENE ALLEN MILLER | ||||||||
| PO BOX 870138 | MILTON VILLAGE | MA | 02187 | TREASURER/DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| ANA PEREZ CAMAYD | ||||||||
| PO BOX 870138 | MILTON VILLAGE | MA | 02187 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| KATHARINE LACY | ||||||||
| PO BOX 870138 | MILTON VILLAGE | MA | 02187 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| JEAN S WHITNEY | ||||||||
| PO BOX 870138 | MILTON VILLAGE | MA | 02187 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| CELIA M GRANT | ||||||||
| PO BOX 870138 | MILTON VILLAGE | MA | 02187 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| BRYAN SPENCE RESIGNED 92019 | ||||||||
| PO BOX 870138 | MILTON VILLAGE | MA | 02187 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| KAY BERTHOLD FRISHMAN | ||||||||
| PO BOX 870138 | MILTON VILLAGE | MA | 02187 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| JOANNE POKASKI | ||||||||
| PO BOX 870138 | MILTON VILLAGE | MA | 02187 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| DANIEL J HUELSMAN | ||||||||
| PO BOX 870138 | MILTON VILLAGE | MA | 02187 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| NINA BIGGAR DEL VECCHIO | ||||||||
| PO BOX 870138 | MILTON VILLAGE | MA | 02187 | ASST TREASURER/CLERK (1/22/19-10/30/19 | 2.00 | $46,675 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JPMORGAN CHASE BANK | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 ROWES WHARF 4TH FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MANAGEMENT | ServiceTypeTxt |
| Compensation | $62,661 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $23,280,376 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $275,893 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $23,556,269 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $23,556,269 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $353,344 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $23,202,925 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,160,146 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,160,146 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $16,818 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $16,818 | TotalTaxAmt |
| Distributable Before Adj | $1,143,328 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,143,328 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,143,328 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,404,347 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,404,347 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $16,818 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,387,529 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,143,328 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $331,625 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $442,620 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $412,155 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $177,045 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,363,445 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,404,347 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,143,328 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $261,019 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,624,464 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $331,625 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,292,839 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $442,620 | ExcessFromYear4Amt |
| Excess From Year3 | $412,155 | ExcessFromYear3Amt |
| Excess From Year1 | $177,045 | ExcessFromYear1Amt |
| Excess From Current Year | $261,019 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | DONALD GREENE | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 870138 | AddressLine1Txt |
| City | MILTON VILLAGE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02187 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 6173203623 | RecipientPhoneNum |
| Recipient Email Address | INFO@CLIPPERSHIPFOUNDATION.ORG | RecipientEmailAddressTxt |
| Form And Info And Materials | APPLICATIONS MUST BE FILED ONLINE ON THE ORGANIZATION'S WEBSITE AND MUST INCLUDE A BRIEF ORGANIZATION PROFILE, INDICATE THE GRANT FOCUS AREA (FOSTER CARE, OPPORTUNITY YOUTH, OR HOUSING & SHELTER) OF THE REQUEST AND UPLOAD A BRIEF (TWO-PAGE MAXIMUM) CONCEPT PAPER EXPLAINING THE GOALS, OBJECTIVES AND INTENDED IMPACTS FOR THE PROPOSED REQUEST. APPLICANTS WILL BE NOTIFIED AS TO WHETHER THEY HAVE BEEN INVITED TO SUBMIT A FULL PROPOSAL. INVITED APPLICANTS WILL RECEIVE INSTRUCTIONS FOR COMPLETING A FULL PROPOSAL. FOLLOWING PROPOSAL SUBMISSION, APPLICANTS MAY BE ASKED TO HOST A SITE VISIT IN LATE APRIL OR EARLY MAY. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | DECEMBER 9: CONCEPT PAPER DEADLINE; FEBRUARY 28: FULL PROPOSAL DEADLINE; APRIL-MAY: SITE VISITS | SubmissionDeadlinesTxt |
| Restrictions On Awards | THE FOUNDATION FOCUSES ITS GRANT ACTIVITIES IN THE AREAS OF HOUSING AND SHELTER, FOSTER CARE, AND OPPORTUNITY YOUTH TO INDIVIDUALS AND ORGANIZATIONS IN THE GREATER BOSTON AREA AS WELL AS LAWRENCE AND BROCKTON. CLIPPER SHIP CONSIDERS FUNDING REQUESTS FROM ORGANIZATIONS WITH ANNUAL OPERATING BUDGETS OF ANY SIZE BUT ANTICIPATES AWARDING MOST OF THE AVAILABLE GRANT FUNDING TO ORGANIZATIONS WITH ANNUAL OPERATING BUDGETS SMALLER THAN $5 MILLION. THE CLIPPER SHIP FOUNDATION DOES NOT FUND RELIGIOUS PROGRAMS, HOSPITALS, HIGHER EDUCATION, RESEARCH, SCHOLARSHIPS, FELLOWSHIPS, STUDENT LOANS OR TRAVEL, WRITING OR PUBLISHING OF BOOKS, ARTICLES, OR MASS MEDIA, CAMPAIGNS FOR ENDOWMENT FUNDS, OR EXPENSES RELATED TO CONFERENCES OR CONVENTIONS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (23 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BRIDGE OVER TROUBLED WATERS INC | |||||||
| 47 WEST STREET | BOSTON | MA | 02111 | N/A | PC | PROGRAM SUPPORT | $35,000 |
| CAMBRIDGE FAMILY & CHILDREN'S SERVICES | |||||||
| 60 GORE STREET | CAMBRIDGE | MA | 02141 | N/A | PC | PROGRAM SUPPORT | $73,500 |
| FAMILY SERVICES OF THE MERRIMACK VALLEY | |||||||
| 430 NORTH CANAL STREET | LAWRENCE | MA | 01840 | N/A | PC | PROGRAM SUPPORT | $50,000 |
| INQUILINOS BORICUAS EN ACCION | |||||||
| 405 SHAWMUT AVE | BOSTON | MA | 02118 | N/A | PC | PROGRAM SUPPORT | $30,000 |
| MASSACHUSETTS SOCIETY FOR THE PREVENTION OF CRUELTY TO CHILDREN | |||||||
| 125 HARTWELL AVE | LEXINGTON | MA | 02421 | N/A | PC | PROGRAM SUPPORT | $75,000 |
| RISE ABOVE FOUNDATION | |||||||
| PO BOX 174 | NORTHBRIDGE | MA | 01534 | N/A | PC | PROGRAM SUPPORT | $30,000 |
| SILVER LINING MENTORING | |||||||
| 727 ATLANTIC AVE 3RD FLOOR | BOSTON | MA | 02111 | N/A | PC | PROGRAM SUPPORT | $75,000 |
| THE WILY NETWORK | |||||||
| 1920 CENTRE ST STE 1 | WEST ROXBURY | MA | 02132 | N/A | PC | PROGRAM SUPPORT | $50,000 |
| HEALTH IMPERATIVES | |||||||
| 942 WEST CHESTNUT STREET | BROCKTON | MA | 02301 | N/A | PC | PROGRAM SUPPORT | $100,000 |
| NORTH SHORE COMMUNITY DEVELOPMENT CORPORATION | |||||||
| 96 LAFAYETTE STREET 2ND FLOORT | SALEM | MA | 01970 | N/A | PC | PROGRAM SUPPORT | $100,000 |
| FAMILY AID BOSTON | |||||||
| 3815 WASHINGTON STREET | BOSTON | MA | 02130 | N/A | PC | PROGRAM SUPPORT | $100,000 |
| WEST END HOUSE INC | |||||||
| 105 ALLSTON STREET | ALLSTON | MA | 02134 | N/A | PC | PROGRAM SUPPORT | $100,000 |
| PLUMMER YOUTH PROMISE | |||||||
| 37 WINTER ISLAND ROAD | SALEM | MA | 01970 | N/A | PC | PROGRAM SUPPORT | $60,000 |
| JEWISH VOCATIONAL SERVICE | |||||||
| 75 FEDERAL STREET | BOSTON | MA | 02110 | N/A | PC | PROGRAM SUPPORT | $50,000 |
| ROCA INC | |||||||
| 101 PARK STREET | CHELSEA | MA | 02150 | N/A | PC | PROGRAM SUPPORT | $50,000 |
| ROOT | |||||||
| 35 CONGRESS STREET STE 2350 | SALEM | MA | 01970 | N/A | PC | PROGRAM SUPPORT | $50,000 |
| COMMUNITY DAY CARE CENTER OF LAWRENCE | |||||||
| 190 HAMPSHIRE STREET | LAWRENCE | MA | 01840 | N/A | PC | PROGRAM SUPPORT | $40,000 |
| X-CEL INC | |||||||
| 39 SMITH STREET | BOSTON | MA | 02120 | N/A | PC | PROGRAM SUPPORT | $30,000 |
| SIBLING CONNECTIONS INC | |||||||
| 89 SOUTH ST STE 203 | BOSTON | MA | 02111 | N/A | PC | PROGRAM SUPPORT | $25,000 |
| IRISH INTERNATIONAL IMMIGRANT CENTER | |||||||
| 1 STATE ST STE 800 | BOSTON | MA | 02109 | N/A | PC | PROGRAM SUPPORT | $25,000 |
| ASIAN AMERICAN CIVIC ASSOCIATION INC | |||||||
| 87 TYLER STREET | BOSTON | MA | 02111 | N/A | PC | PROGRAM SUPPORT | $25,000 |
| ARTISTS FOR HUMANITY INC | |||||||
| 100 W 2ND STREET | BOSTON | MA | 02127 | N/A | PC | PROGRAM SUPPORT | $50,000 |
| MASSACHUSETTS HOUSING & SHELTER ALLIANCE | |||||||
| 7 BULFINCH PLACE 201 | BOSTON | MA | 02114 | N/A | PC | PROGRAM SUPPORT | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,323,500 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $8,421 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $506,413 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,219,723 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 PASSTHROUGH FROM GMO FORESTRY FUND 8-B LP | Desc |
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | -$1,200 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $14,354 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$1,200 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,748,911 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,747,711 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING SERVICES | CategoryTxt |
| Amt | $16,186 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $12,751 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MUTUAL FUNDS | FMV | $23,738,258 | $23,738,258 |
| GMO FORESTRY FUND 8-B LP | FMV | $122,362 | $122,362 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL SERVICES | CategoryTxt |
| Legal Fees | $2,924 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,924 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PREPAID EXCISE TAXES | Desc |
| BOY Book Value | $21,066 | BOYBookValueAmt |
| EOY Book Value | $43,746 | EOYBookValueAmt |
| EOYFMV | $43,746 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK/TAX REPORTING DIFFERENCES DUE TO K-1 | Desc |
| Amt | $18,868 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FILING FEES | $250 | $0 | $250 |
| DUES AND SUBSCRIPTIONS | $10,200 | $0 | $10,200 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 PASSTHROUGH FROM GMO FORESTRY FUND 8-B LP | Desc |
| Revenue And Expenses Per Books | $13,154 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $14,354 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $13,154 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN ON INVESTMENTS | Desc |
| Amt | $1,205,867 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED TAX LIABILITY | Desc |
| BOY Book Value | $9,000 | BOYBookValueAmt |
| EOY Book Value | $27,000 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| GRANT ADMINISTRATION | $2,090 | $0 | $2,090 |
| INVESTMENT MANAGEMENT FEES | $62,661 | $62,661 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $34,820 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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