RCB CHARITABLE FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- RCB CHARITABLE FOUNDATION INC (EIN 04-3466878)
- Tax period
- 2024-05-01 to 2025-04-30
- Filed
- 2025-09-15
- IRS object ID
- 202542589349100639
- Schema version
- 2024v5.2
- 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 Corp Bonds Schedule
- Investments Corp Stock Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-09-15T13:06:01-05:00 | ReturnTs |
| Tax Period End | 2025-04-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010494526 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Baker Newman & Noyes | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 507 | AddressLine1Txt |
| City | Portland | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-05-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043466878 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RCB Charitable Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RCBC | BusinessNameControlTxt |
| Phone | 7819425000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 180 Haven Street | AddressLine1Txt |
| City | Reading | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01867 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Carol Houle | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 7819425000 | PhoneNum |
| Signature | 2025-09-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Connor Smart | PreparerPersonNm |
| PTIN | P02285543 | PTIN |
| Phone | 2078792100 | PhoneNum |
| Preparation | 2025-09-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $949,712 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $2 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $2 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $28,763 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $28,763 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $169,878 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,022,783 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $169,878 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$22 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $9 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $198,621 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $198,652 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $3,650 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,825 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $1,825 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $2,480 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $2,480 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $120 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $20 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $253 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $253 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $6,503 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $4,325 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,078 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $83,282 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $83,282 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $89,785 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $4,325 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $85,360 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $108,836 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $194,327 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $34 | CashBOYAmt |
| Cash EOY | $5,145 | CashEOYAmt |
| Cash EOYFMV | $5,145 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $5,216 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $10,444 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $10,444 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $2,336 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $171,829 | CorporateStockBOYAmt |
| Corporate Stock EOY | $560,848 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $560,848 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $256,611 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $373,275 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $373,275 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $492,997 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $0 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $105 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $929,128 | TotalAssetsBOYAmt |
| Total Assets EOY | $949,712 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $949,712 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $927,261 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $947,845 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $1,867 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $1,867 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $929,128 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $949,712 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $929,128 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $949,712 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $929,128 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $108,836 | ExcessRevenueOverExpensesAmt |
| Other Increases | $10,612 | OtherIncreasesAmt |
| Subtotal | $1,048,576 | SubtotalAmt |
| Other Decreases | $98,864 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $949,712 | 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 |
|---|---|---|---|---|---|
| Publicly Traded Securities | $1,000,794 | $852,905 | $147,889 | $147,889 | |
| Capital Gains Dividends | $21,989 | $21,989 | $21,989 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $169,878 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,701 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,701 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,701 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $171 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $171 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $6 | EsPenaltyAmt |
| Tax Due | $2,536 | TaxDueAmt |
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 | 0 | UnrelatedBusIncmOverLimitInd |
| 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 | https://readingcoop.com/in-the-community | WebsiteAddressTxt |
| Individual With Books | Carol Houle | IndividualWithBooksNm |
| Phone | 7819425000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 180 Haven Street | AddressLine1Txt |
| City | Reading | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01867 | 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 | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | Yes (1) | 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 | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| 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 (18 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 |
|---|---|---|---|---|---|---|---|---|
| Terrence J Bane | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director (end 12/2024) | 1.00 | $0 | $0 | $0 |
| Sally Boemer Mason | ||||||||
| 180 Haven Street | Reading | ME | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Paul Bolger | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Yvonne Garcia | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Michael J Linnane | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| James M Liston | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Stephen P Maio | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director (start 4/2025) | 1.00 | $0 | $0 | $0 |
| John J McCarthy Jr | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director (start 4/2025) | 1.00 | $0 | $0 | $0 |
| Michael McCarthy | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director (start 4/2025) | 1.00 | $0 | $0 | $0 |
| William McCarthy | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director (start 4/2025) | 1.00 | $0 | $0 | $0 |
| James J O'Leary | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Kevin R Powers | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Ann McGonigle Santos | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director (start 4/2025) | 1.00 | $0 | $0 | $0 |
| Kevin F Smith | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Abel Vargas | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Julieann M Thurlow | ||||||||
| 180 Haven Street | Reading | MA | 01867 | President | 1.00 | $0 | $0 | $0 |
| Anthony J Patti | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Treasurer & Clerk (end 4/2025) | 1.00 | $0 | $0 | $0 |
| Carol Houle | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Treasurer & Clerk (start 4/2025) | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| 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 | $941,446 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $15,558 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,228 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $960,232 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $960,232 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $14,403 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $945,829 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $47,291 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $47,291 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,701 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,701 | TotalTaxAmt |
| Distributable Before Adj | $44,590 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $44,590 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $44,590 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $85,360 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $85,360 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $44,590 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $69,033 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $75,426 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $77,583 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $57,487 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $22,485 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $302,014 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $85,360 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $44,590 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $40,770 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $342,784 | 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 | $69,033 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $273,751 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $75,426 | ExcessFromYear4Amt |
| Excess From Year3 | $77,583 | ExcessFromYear3Amt |
| Excess From Year2 | $57,487 | ExcessFromYear2Amt |
| Excess From Year1 | $22,485 | ExcessFromYear1Amt |
| Excess From Current Year | $40,770 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Shanna F Cahalane VP | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Walkers Brook Drive | AddressLine1Txt |
| City | Reading | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01867 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7819425000 | RecipientPhoneNum |
| Form And Info And Materials | To apply for a grant, an applicant must be a non-profit 501(c)(3) organization or public school located in or serving the towns of Andover, Burlington, North Reading, Reading, Wilmington, or Woburn. To apply for funding, applicants must submit: (1) a cover letter signed by the organization's Executive Director or Board President; along with (2) one paper copy and one pdf of a brief proposal (2-3 pages); and (3) the completed Proposal Summary Sheet. The Proposal Summary Sheet and complete application instructions are available on the website: https://readingcoop.com/uploads/PDFs/ charitable-foundation-app.pdf | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | The Charitable Foundation awards grants of up to $10,000 to increase the quality of life in the greater market area, with special emphasis on projects which focus on disadvantaged or underserved citizens. Primary areas of commitment are workforce development, health and human services, housing, education, community development, the environment, and the arts. Grant requests will be considered for program support, seed money, and capital improvements. The Charitable Foundation will not fund political or sectarian activities. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (50 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AgeSpan Inc | |||||||
| 280 Merrimack Street 400 | Lawrence | MA | 01843 | N/A | PC | Annual Golf Classic and Fundraisers | $2,000 |
| Andover Center for History & Culture | |||||||
| 97 Main Street | Andover | MA | 01810 | N/A | PC | 4th Annual Summer Classic Car Show | $500 |
| Andover Senior Community Friends | |||||||
| 30 Whittier Court | Andover | MA | 01810 | N/A | PC | Center's Spring Formal Dinner & Dance; Garden Funding | $1,000 |
| Boys & Girls Club of Lynn | |||||||
| 25 North Common Street | Lynn | MA | 01902 | N/A | PC | Cookout; Annual Gala; Decades Program | $2,244 |
| Bread & Roses Inc | |||||||
| 58 Newbury Street | Lawrence | MA | 01840 | N/A | PC | Nourishing Our Neighbors Gala | $400 |
| Camp Fire North Shore | |||||||
| 583 Chester Street 11 | Lynn | MA | 01904 | N/A | PC | 75th Anniversary Bash | $660 |
| Citizens Inn Inc | |||||||
| 81 Main Street | Peabody | MA | 01960 | N/A | PC | Citizens Inn Annual Gala Of Giving 2025 | $740 |
| Community InRoads | |||||||
| 190 Academy Road | North Andover | MA | 01845 | N/A | PC | Sponsorship for Class of 2024 | $500 |
| Cultura Latina Dance Academy Inc | |||||||
| PO Box 2683 | Lynn | MA | 01903 | N/A | PC | 2024 Clda Transcendent Recital | $500 |
| Disabled And Limbless Veterans Inc | |||||||
| 35 Center Street | Burlington | MA | 01803 | N/A | PC | Freedom Fish Lynn 2024 | $3,500 |
| Elevated Thought | |||||||
| 15 Union Street | Lawrence | MA | 01840 | N/A | PC | Summer Art Intiative | $500 |
| Essex Art Center | |||||||
| 56 Island Street | Lawrence | MA | 01840 | N/A | PC | Fiesta En La Calle | $1,000 |
| Essex County Community Foundation | |||||||
| 500 Cummings Center 5450 | Beverly | MA | 01915 | N/A | PC | Andover Coalition for Education; Summer Fund | $1,250 |
| Essex North Shore Agricultural And Technical School | |||||||
| 565 Maple Street | Hawthorne | MA | 01937 | N/A | GOV | Kindness Week 5k Run Walk 2025 | $500 |
| Family Services of the Merrimack Valley | |||||||
| 430 North Canal Street | Lawrence | MA | 01840 | N/A | PC | Capital Campaign; Bowl a Strike for Kids; Uncommon Threads | $7,946 |
| Friends of North Reading Parks and Recreation Committee | |||||||
| 235 North Street | North Reading | MA | 01864 | N/A | PC | North Reading Pumpkin Festival; Summer Festival | $2,450 |
| Friends Of Reading Seniors 60 Plus Inc | |||||||
| 287 Haverhill Street | Reading | MA | 01864 | N/A | PC | Support And Advocate For Reading Seniors | $500 |
| Greater Boston Stage Company | |||||||
| 395 Main Street | Stoneham | MA | 02180 | N/A | PC | $5000 Capital Campaign; $1,000 Oliver Elementary | $6,000 |
| Greater Lawrence Family Health Center | |||||||
| 34 Haverhill Street | Lawrence | MA | 01840 | N/A | PC | $2300 Food, Flair And Fiesta; $300 Red Sox Tickets | $2,600 |
| Greater Lawrence Kiwanis Club Foundation Inc | |||||||
| PO Box 3068 | Andover | MA | 01810 | N/A | PC | Santa Night | $200 |
| HAWC | |||||||
| 27 Congress Street 204 | Salem | MA | 01970 | N/A | PC | 33rd Annual HAWC Walk & 5k Run | $500 |
| Ipswich River Watershed Association | |||||||
| 143 County Road | Ipswich | MA | 01938 | N/A | PC | General Support | $500 |
| Kindness Collaborative | |||||||
| 5 Castle Heights Road | Andover | MA | 01810 | N/A | PC | 4th Of July For The Unhoused | $500 |
| Latina Center Maria | |||||||
| 30 Menlo Terrace | Lynn | MA | 01905 | N/A | PC | Inspirational Women 2024 | $500 |
| Lawrence Community Works Inc | |||||||
| 168 Newbury Street | Lawrence | MA | 01841 | N/A | PC | Year 3 Of 3 Campaign For Dyeworks | $5,000 |
| Lawrence Family Development Inc | |||||||
| 355 Haverhill Street | Lawrence | MA | 01840 | N/A | PC | Teacher Appreciation Week | $250 |
| Lawrence Partnership | |||||||
| 420 Common Street | Lawrence | MA | 01840 | N/A | PC | FY25 Board Contribution For Julie Thurlow | $5,000 |
| LEADS Inc | |||||||
| PO Box 1531 | Lawrence | MA | 01841 | N/A | PC | LEADS Summit | $2,500 |
| LEO Inc | |||||||
| 181 Union Street | Lynn | MA | 01901 | N/A | PC | 3rd Installment Of 5 Year Pledge The Campaign For Leo's Preschool | $5,000 |
| Lynners Against Drug Abuse | |||||||
| 59 Ingalls Street | Lynn | MA | 01902 | N/A | PC | L.A.D.A 3rd Annual Walk | $300 |
| Massachusetts Taxpayers Foundation | |||||||
| 333 Washington Street Suite 853 | Boston | MA | 02108 | N/A | PC | Charitable Foundation Portion For The 2025 Membership Dues | $2,500 |
| Merrimack Valley Food Bank Inc | |||||||
| 1703 Middlesex Street | Lowell | MA | 01851 | N/A | PC | Naming Of Kitchenette 2 Of 3 | $3,000 |
| Merrimack Valley YMCA | |||||||
| 280 Merrimack Street 500 | Lawrence | MA | 01843 | N/A | PC | Health Kids Day Friend | $500 |
| Mission of Deeds Inc | |||||||
| 6 Chapin Avenue | Reading | MA | 01867 | N/A | PC | Sponsorship For Gala Event; Blanket Drive | $900 |
| My Brother's Table | |||||||
| 98 Willow Street | Lynn | MA | 01901 | N/A | PC | 8 Million Meals Walk | $500 |
| Mystic Valley Elder Services Inc | |||||||
| 300 Commercial Street Suite 19 | Malden | MA | 02148 | N/A | PC | Elder Independence Fund | $1,000 |
| Neighbors In Need | |||||||
| PO Box 447 | Lawrence | MA | 01842 | N/A | PC | Soups On | $800 |
| North Reading Historical & Antiquarian Society | |||||||
| PO Box 354 | North Reading | MA | 01864 | N/A | PC | 30th Annual North Reading Apple Festival | $100 |
| Reading Rotary Charitable Trust | |||||||
| PO Box 61 | Reading | MA | 01867 | N/A | PC | 2024 Reading Fall Street Faire Donation | $1,000 |
| Reading Scholarship Foundation | |||||||
| PO Box 492 | Reading | MA | 01867 | N/A | PC | Reading Scholarship Foundation | $1,500 |
| Samantha's Harvest Company Inc | |||||||
| PO Box 425 | Reading | MA | 01867 | N/A | PC | Charity Golf Open - Tee Sponsor | $200 |
| Si Se Puede Inc | |||||||
| PO Box 53 | North Andover | MA | 01845 | N/A | PC | Si Se Puede - 40 Years Celebration | $450 |
| Social Capital Inc | |||||||
| 400 West Cummings Park 4125 | Woburn | MA | 01801 | N/A | PC | 2024 Woburn Juneteenth Celebration | $400 |
| Socratic Inc | |||||||
| 349 Essex Street | Lawrence | MA | 01840 | N/A | PC | Make A Difference Night | $1,560 |
| The Dictionary Project | |||||||
| PO Box 1845 | Charlestown | SC | 29402 | N/A | PC | The Dictionary Project | $4,500 |
| The Haven Project Inc | |||||||
| 57 Munroe Street | Lynn | MA | 01901 | N/A | PC | Grow The Good Gala 2024 | $1,822 |
| Top Notch Scholars | |||||||
| 60 Island Street 200 | Lawrence | MA | 01840 | N/A | PC | Entrepreneurship Expo | $500 |
| UTEC Inc | |||||||
| PO Box 7066 | Lowell | MA | 01852 | N/A | PC | Orange Day | $1,000 |
| YMCA of Greater Boston | |||||||
| 316 Huntington Avenue | Boston | MA | 02115 | N/A | PC | $650 Burbank YMCA Laurel Kluge 5k Ribbon Run And Walk; $360 Burbank YMCA Best Summer Ever Sponsor | $1,010 |
| YMCA of Metro North | |||||||
| 2 Centennial Drive | Peabody | MA | 01960 | N/A | PC | Metro North Leader Sponsor 2025 | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $83,282 | 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 | $2 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $28,763 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $169,878 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Income from partnerships | Desc |
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | -$31 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $9 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$31 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $198,652 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $198,621 | 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 fees | CategoryTxt |
| Amt | $3,650 | Amt |
| Net Investment Income | $1,825 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $1,825 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (6 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 2980.360 units BRFIX | $28,284 | $28,284 |
| 21232.959 units FXNAX | $221,247 | $221,247 |
| 907 units IGSB | $47,608 | $47,608 |
| 666 units SHYG | $28,185 | $28,185 |
| 364 units BSV | $28,676 | $28,676 |
| 389 units BNDX | $19,275 | $19,275 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 4459.436 units FSPGX | $160,049 | $160,049 |
| 8229.427 units FLCOX | $147,801 | $147,801 |
| 224 units IWS | $27,496 | $27,496 |
| 122 units IWN | $17,666 | $17,666 |
| 236 units IWP | $28,624 | $28,624 |
| 71 units IWO | $18,002 | $18,002 |
| 1803 units VEA | $95,325 | $95,325 |
| 239 units VSS | $28,780 | $28,780 |
| 820 units VWO | $37,105 | $37,105 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Accrued Income on Investments | Desc |
| BOY Book Value | $105 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Grants inadvertently paid to non-qualified recipients | $250 |
| Unrealized loss on investments | $89,647 |
| Returns of prior year donations received | $8,967 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Filing fees | Desc |
| Revenue And Expenses Per Books | $253 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $253 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Income from partnerships | Desc |
| Revenue And Expenses Per Books | -$22 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $9 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Correction of prior year disqualified grants | $500 |
| Timing differences - uncleared grant checks | $10,112 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment management fees | CategoryTxt |
| Amt | $2,480 | Amt |
| Net Investment Income | $2,480 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Foreign taxes | $20 | $20 | $0 | $0 |
| Excise taxes | $100 | $0 | $0 | $0 |
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