Broad Family Charitable Foundation Inc: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
Broad Family Charitable Foundation Inc (EIN 37-1446385)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-08
IRS object ID
201341289349100409
Schema version
2012v2.0
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-05-08T08:11:24-07:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN371446385EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1BROAD FAMILY CHARITABLE FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlBROANameControl
Phone6175495543Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 307AddressLine1
CityNEWTONVILLECity
StateMAState
ZIP Code02460ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMICHAEL BROADName
TitlePRESIDENTTitle
Phone6175495543Phone
Date Signed2013-05-08DateSigned
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY6876FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss1InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm1InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss86DividendsRevAndExpnss
Dividends Net Invst Incm86DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Other Income Rev And Expnss3000OtherIncomeRevAndExpnss
Other Income Net Invst Incm3000OtherIncomeNetInvstIncm
Total Revenue And Expenses3087TotalRevenueAndExpenses
Total Net Investment Income3087TotalNetInvestmentIncome
Taxes Rev And Expnss29TaxesRevAndExpnss
Other Expenses Rev And Expnss73OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps73OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss102TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps73TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss159882ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps159882ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss159984TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps159955TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-156897ExcessOfRevenueOverExpenses
Net Investment Income3087NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY6516CashBOY
Cash EOY6876CashEOY
Cash EOYFMV6876CashEOYFMV
Savings And Temp Cash Invst BOY7162SavingsAndTempCashInvstBOY
Investments Other BOY137342InvestmentsOtherBOY
Investments Other EOY0InvestmentsOtherEOY
Other Assets BOY3000OtherAssetsBOY
Other Assets EOY0OtherAssetsEOY
Other Assets EOYFMV0OtherAssetsEOYFMV
Total Assets BOY154020TotalAssetsBOY
Total Assets EOY6876TotalAssetsEOY
Total Assets EOYFMV6876TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Follow SFAS117XOrgThatFollowSFAS117
Unrestricted BOY154020UnrestrictedBOY
Unrestricted EOY6876UnrestrictedEOY
Total Net Assets BOY154020TotalNetAssetsBOY
Total Net Assets EOY6876TotalNetAssetsEOY
Total Liabilities Net Assets BOY154020TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY6876TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY154020TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-156897ExcessOfRevenueOverExpenses
Other Increases9753OtherIncreases
Subtotal6876Subtotal
Total Net Assets Fund Balances EOY6876TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year16246QualifyingDistributionsYear1
Noncharitable Assets Year1149092NoncharitableAssetsYear1
Distribution Ratio Year10.041894DistributionRatioYear1
Qualifying Distributions Year25629QualifyingDistributionsYear2
Noncharitable Assets Year2153820NoncharitableAssetsYear2
Distribution Ratio Year20.036595DistributionRatioYear2
Qualifying Distributions Year34149QualifyingDistributionsYear3
Noncharitable Assets Year3126414NoncharitableAssetsYear3
Distribution Ratio Year30.032821DistributionRatioYear3
Qualifying Distributions Year45515QualifyingDistributionsYear4
Noncharitable Assets Year4159489NoncharitableAssetsYear4
Distribution Ratio Year40.034579DistributionRatioYear4
Qualifying Distributions Year55420QualifyingDistributionsYear5
Noncharitable Assets Year5184863NoncharitableAssetsYear5
Distribution Ratio Year50.029319DistributionRatioYear5
Total Distribution Ratio0.175208TotalDistributionRatio
Average Distribution Ratio0.035042AverageDistributionRatio
Net Noncharitable Assets41644NetNoncharitableAssets
Adjusted Noncharitable Assets1459AdjustedNoncharitableAssets
One Percent Net Investment Income31OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One1490AdjNonchrtblAssetsAndOnePct
Qualifying Distributions159955QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax31InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal31Subtotal
Tax Based On Investment Income31TaxBasedOnInvestmentIncome
Tax Paid Original Return0TaxPaidOriginalReturn
Tax Due31TaxDue
Amount Credited To Next Year0AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithMAStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameMICHAEL BROADBooksInCareOfPersonName
Books In Care Of Phone Number6175495543BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 600307AddressLine1
CityNEWTONVILLECity
StateMAState
ZIP Code024600307ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersontrueFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Acts Fail To Qualify As ExceptionsfalseActsFailToQualifyAsExceptions
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

FieldValueIRS element (for citing)
Person NameMICHAEL BROADPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 600307AddressLine1
CityNEWTONVILLECity
StateMAState
ZIP Code02460ZIPCode
FieldValueIRS element (for citing)
TitlePres,TreasTitle
Avg Hours Per Wk Devoted To Position0.50AvgHoursPerWkDevotedToPosition
Compensation0Compensation
Contri To Empl Benefit Plans Etc0ContriToEmplBenefitPlansEtc
Expense Account Other Allowances0ExpenseAccountOtherAllowances
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities35430AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances6848AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets42278TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets42278AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable634CashDeemedCharitable
Net Noncharitable Assets41644NetNoncharitableAssets
Minimum Investment Return2082MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return2082MinimumInvestmentReturn
Tax Based On Investment Income31TaxBasedOnInvestmentIncome
Total Tax31TotalTax
Distributable Amount Before Adj2051DistributableAmountBeforeAdj
Recoveries Qlfy Distributions3000RecoveriesQlfyDistributions
Distributable Amount Before Ded5051DistributableAmountBeforeDed
Distributable Amount As Adjusted5051DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions159955ExpensesAndContributions
Qualifying Distributions159955QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm31OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions159924AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted5051DistributableAmountAsAdjusted
Undistributed Income Prior Year7426UndistributedIncomePriorYear
Excess Distri Carryover Year55483ExcessDistriCarryoverYear5
Excess Distri Carryover Year45549ExcessDistriCarryoverYear4
Excess Distri Carryover Year34149ExcessDistriCarryoverYear3
Excess Distri Carryover Year25655ExcessDistriCarryoverYear2
Excess Distri Carryover Year16275ExcessDistriCarryoverYear1
Total Excess Distri Carryover27111TotalExcessDistriCarryover
Qualifying Distributions159955QualifyingDistributions
Remaining Distri From Corpus159955RemainingDistriFromCorpus
Total Corpus187066TotalCorpus
Taxable Amount27426TaxableAmount2
Undistributed Income CY5051UndistributedIncomeCY
Excess Distri Cyov From Year55483ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year181583ExcessDistriCyovToNextYear
Excess From Year45549ExcessFromYear4
Excess From Year34149ExcessFromYear3
Excess From Year25655ExcessFromYear2
Excess From Year16275ExcessFromYear1
Excess From Current Year159955ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerMICHAEL BROADContributingManager
Shareholder ManagerNONEShareholderManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
RIVERSIDE COMMUNITY CARE
450 WASHINGTON STDEDHAMMA02026publiccharitygeneral support$1,030
THE SECOND STEP INC
BOX 600213NEWTONVILLEMA02460publiccharitygeneral support$500
ROOM TO READ
111 SUTTER STREET 16TH FLSAN FRANCISCOCA94104publiccharitygeneral support$750
WATER WAY ARTS HEALTH & ENERGY INC
1615 BEACON STREETBROOKLINEMA02446publiccharitygeneral support$500
AMERICAN ENDOWMENT FOUND
BOX 911 1521 GEORGETOWN RDHUDSONOH44236publiccharityrestricted fund$157,102
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year159882TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$1ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$86ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$87ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA87TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanation

FieldValueIRS element (for citing)
IdentifierPart VII-B, Item 1(a)(3)Identifier
ExplanationTHE CORPORATION IS OPERATED OUT OF THE BUSINESS OFFICE OF THE PRESIDENT AND THUS RECEIVES OFFICE SPACE, SERVICES, AND OFFICE SUPPLIES FROM A DISQUALIFIED PERSON. THERE IS NO CHARGE TO THE CORPORATION OR PAYMENT TO THE PRESIDENT FOR THESE ITEMS.Explanation

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (13 entries)

Category Or ItemCategoryOrItem
125 Sh. iShares MSCI Pacific Ex Japan Index Fd
150 Sh. iShares FTSE/XINHAU China 25 Index Fd
225 Sh. iShares MSCI Emerging Markets Index Fd
100 Sh. iShares IBOXX $ Inv Gr Corp Bd Fund
100 Sh. iShares Barclay 1-3 Yr Trsy Bd Fund
150 Sh. iShares MSCI EAFE Index Fund
80 Sh. iShares Cohen & Steers (ICF)
200 Sh. iShares Russell 1000 Value Index Fund
300 Sh. iShares Russell 2000 Value Index Fund
100 Sh. iShare Russell 2000 Index Fund
200 Sh. iShare S&P Europe 350 Index Fund
160 Sh. S&P Midcap 400 Dep Receipts
110 Sh. S&P Depository Receipt

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionPRI Loans to ACCION USA at zero interestDescription
BOY Book Value3000BOYBookValue

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionPRI Loans to ACCION USA at zero interestDescription
BOY Book Value3000BOYBookValue

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionPRI Loans to ACCION USA at zero interestDescription
BOY Book Value3000BOYBookValue

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksDisbursements Charitable PrpsDisbursementsCharitablePrps
return + eFile fee3838
MA A.G. Filing Fee3535

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

FieldValueIRS element (for citing)
DescriptionAccion Int'l RepaymentDescription
Revenue And Expenses Per Books3000RevenueAndExpensesPerBooks
Net Investment Income3000NetInvestmentIncome

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

FieldValueIRS element (for citing)
DescriptionChange in Investment ValueDescription
Amount$9,753Amount

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
Category2010 990-PFCategory
Amount$29Amount

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