FLORENCE SAVINGS CHARITABLE FNDN INC: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
FLORENCE SAVINGS CHARITABLE FNDN INC (EIN 04-3422869)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-07-20
IRS object ID
201102019349100100
Schema version
2010v3.2
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-07-20T08:15:05-04:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1WOLF & COMPANY PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line199 HIGH STREET 21ST FLOORAddressLine1
CityBOSTONCity
StateMAState
ZIP Code02110ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN043422869EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Florence Savings Charitable Foundation IncBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlFLORNameControl
Phone4135871761Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line185 Main StreetAddressLine1
CityFlorenceCity
StateMAState
ZIP Code01062ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameKevin R DayName
TitleTreasurerTitle
Phone4135871761Phone
Date Signed2011-07-07DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJana B Bacon CPAName
Phone6174399700Phone
Date Prepared2011-06-29DatePrepared
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY1382109FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss0ContriReceivedRevAndExpnss
Dividends Rev And Expnss76000DividendsRevAndExpnss
Dividends Net Invst Incm76000DividendsNetInvstIncm
Dividends Adj Net Incm0DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss2218NetGainSaleAssetsRevAndExpnss
Gross Sales Price106188GrossSalesPrice
Capital Gain Net Incm Net Invst Incm2218CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses78218TotalRevenueAndExpenses
Total Net Investment Income78218TotalNetInvestmentIncome
Total Adjusted Net Income0TotalAdjustedNetIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Accounting Fees Rev And Expnss2000AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm0AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps2000AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss3000OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm0OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm0OtherExpensesAdjNetIncm
Other Expenses Dsbrs Chrtbl Prps3000OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss5000TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm0TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps5000TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss50000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps50000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss55000TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm0TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps55000TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses23218ExcessOfRevenueOverExpenses
Net Investment Income78218NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY30965CashBOY
Cash EOY11109CashEOY
Cash EOYFMV11109CashEOYFMV
Savings And Temp Cash Invst BOY0SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY0SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV0SavingsAndTempCashInvstEOYFMV
Investments Corp Bonds BOY1177923InvestmentsCorpBondsBOY
Investments Corp Bonds EOY1367000InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV1367000InvestmentsCorpBondsEOYFMV
Other Assets BOY6000OtherAssetsBOY
Other Assets EOY4000OtherAssetsEOY
Other Assets EOYFMV4000OtherAssetsEOYFMV
Total Assets BOY1214888TotalAssetsBOY
Total Assets EOY1382109TotalAssetsEOY
Total Assets EOYFMV1382109TotalAssetsEOYFMV
Accounts Payable BOY0AccountsPayableBOY
Accounts Payable EOY0AccountsPayableEOY
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY1214888RetainedEarningsBOY
Retained Earnings EOY1382109RetainedEarningsEOY
Total Net Assets BOY1214888TotalNetAssetsBOY
Total Net Assets EOY1382109TotalNetAssetsEOY
Total Liabilities Net Assets BOY1214888TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1382109TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1214888TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses23218ExcessOfRevenueOverExpenses
Other Increases144003OtherIncreases
Subtotal1382109Subtotal
Total Net Assets Fund Balances EOY1382109TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

FieldValueIRS element (for citing)
Description Of AssetSALE OF SECURITIESDescriptionOfAsset
How AcquiredPHowAcquired
Date Acquired2009-01-01DateAcquired
Date Sold2010-12-31DateSold
Gross Sales Price106482GrossSalesPrice
Cost Or Other Basis104264CostOrOtherBasis
Gain Or Loss2218GainOrLoss
Gains Minus Excess Or Losses2218GainsMinusExcessOrLosses
FieldValueIRS element (for citing)
Capital Gain Net Income2218CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year162270QualifyingDistributionsYear1
Noncharitable Assets Year11144553NoncharitableAssetsYear1
Distribution Ratio Year10.054406DistributionRatioYear1
Qualifying Distributions Year267566QualifyingDistributionsYear2
Noncharitable Assets Year21201502NoncharitableAssetsYear2
Distribution Ratio Year20.056235DistributionRatioYear2
Qualifying Distributions Year372157QualifyingDistributionsYear3
Noncharitable Assets Year31347545NoncharitableAssetsYear3
Distribution Ratio Year30.053547DistributionRatioYear3
Qualifying Distributions Year453008QualifyingDistributionsYear4
Noncharitable Assets Year41380958NoncharitableAssetsYear4
Distribution Ratio Year40.038385DistributionRatioYear4
Qualifying Distributions Year565437QualifyingDistributionsYear5
Noncharitable Assets Year51411478NoncharitableAssetsYear5
Distribution Ratio Year50.046361DistributionRatioYear5
Total Distribution Ratio0.248934TotalDistributionRatio
Average Distribution Ratio0.049787AverageDistributionRatio
Net Noncharitable Assets1339407NetNoncharitableAssets
Adjusted Noncharitable Assets66685AdjustedNoncharitableAssets
One Percent Net Investment Income782OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One67467AdjNonchrtblAssetsAndOnePct
Qualifying Distributions55000QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax1564InvestmentIncomeExciseTax
Subtotal1564Subtotal
Tax Based On Investment Income1564TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment781EstTaxPaymentsAndOverpayment
Total Credits And Payments781TotalCreditsAndPayments
Tax Due783TaxDue
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

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1SARAH DARLINGBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number4135871761BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line185 MAIN STREETAddressLine1
CityFLORENCECity
StateMAState
ZIP Code01062ZIPCode
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 PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
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
Proceeds Or Net IncomefalseProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (7 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
JOHN F HEAPS JR
65 ENGLEWOOD ROADLONGMEADOWMA01106PRESIDENT1.0000
KEVIN R DAY
10 FOX RUNEASTHAMPTONMA01027TREASURER1.0000
DOUGLAS H BURR
1339 TINKHAM ROADWILBRAHAMMA01095CLERK1.0000
DAVID W ALVORD
276 EAST MAIN STREETPLAINVILLEMA01070DIRECTOR1.0000
ROBERT F BORAWSKI
441 KENNEDY RDLEEDSMA01053DIRECTOR1.0000
THOMAS C MCCARTHY
325 MAIN STREETEASTHAMPTONMA01027DIRECTOR1.0000
MARY ELLEN NILES HOWARD
305 RYAN ROADFLORENCEMA01062DIRECTOR1.0000

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

FieldValueIRS element (for citing)
Description1NO DIRECT ACTIVITIESDescription1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1NONEDescription1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1359804AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances0AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets1359804TotalFMVOfUnusedAssets
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets1359804AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable20397CashDeemedCharitable
Net Noncharitable Assets1339407NetNoncharitableAssets
Minimum Investment Return66970MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return66970MinimumInvestmentReturn
Tax Based On Investment Income1564TaxBasedOnInvestmentIncome
Total Tax1564TotalTax
Distributable Amount Before Adj65406DistributableAmountBeforeAdj
Distributable Amount Before Ded65406DistributableAmountBeforeDed
Distributable Amount As Adjusted65406DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions55000ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Amounts Paid Acq Charitable Assets0AmountsPaidAcqCharitableAssets
Amounts Set Aside Suitability Test0AmountsSetAsideSuitabilityTest
Amounts Set Aside Cash Distri Test0AmountsSetAsideCashDistriTest
Qualifying Distributions55000QualifyingDistributions
Adj Qualifying Distributions55000AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted65406DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Prior Year12008PriorYear1
Prior Year22007PriorYear2
Prior Year32006PriorYear3
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year36356ExcessDistriCarryoverYear3
Excess Distri Carryover Year28937ExcessDistriCarryoverYear2
Excess Distri Carryover Year16502ExcessDistriCarryoverYear1
Total Excess Distri Carryover21795TotalExcessDistriCarryover
Qualifying Distributions55000QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Current Year55000AppliedToCurrentYear
Remaining Distri From Corpus0RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus10406ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY10406ExcessDistriCyovAppliedCY
Total Corpus11389TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov To Next Year11389ExcessDistriCyovToNextYear
Excess From Year40ExcessFromYear4
Excess From Year24887ExcessFromYear2
Excess From Year16502ExcessFromYear1
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundations

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerNAContributingManager
Shareholder ManagerNAShareholderManager

Appication Submission Info AppicationSubmissionInfo

FieldValueIRS element (for citing)
Recipient NameSarah DarlingRecipientName

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line185 Main StreetAddressLine1
CityFlorenceCity
StateMAState
ZIP Code01062ZIPCode
FieldValueIRS element (for citing)
Recipient Phone Number4135871761RecipientPhoneNumber
Form And Info And MaterialsAPPLICATION AVAILABLE AT ABOVE ADDRESSFormAndInfoAndMaterials
Submission DeadlinesSEE APPLICATION FOR DEADLINESSubmissionDeadlines
Restrictions On AwardsONLY TAX EXEMPT ORGANIZATIONS THAT QUALIFY AS SECTION 501(C)(3) ENTITY IN THE GREATER NORTHAMPTON AREA.RestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1COOLEY DICKINSON HOSPITALBusinessNameLine1

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line130 LOCUST STREETAddressLine1
CityNORTHAMPTONCity
StateMAState
ZIP Code01060ZIPCode
FieldValueIRS element (for citing)
Recipient RelationshipNOT RELATEDRecipientRelationship
Recipient Foundation Status501(C)(3)RecipientFoundationStatus
Purpose Of Grant Or ContributionCAPITAL CAMPAIGN CONTRIBUTIONPurposeOfGrantOrContribution
Amount$50,000Amount
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year50000TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

FieldValueIRS element (for citing)
Fees Contracts From Govt AgenciesFeesContractsFromGovtAgencies
Membership Dues And AssessmentsMembershipDuesAndAssessments
Int On Savings And Temp Cash InvstIntOnSavingsAndTempCashInvst

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$76,000ExclusionAmount
FieldValueIRS element (for citing)
Net Rental Incm Re Debt Fincd PropNetRentalIncmReDebtFincdProp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Incm Personal PropertyNetRentalIncmPersonalProperty
Other Investment Income Part VIIOtherInvestmentIncomePartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion$2,218ExclusionAmount
FieldValueIRS element (for citing)
Net Income Loss From Special EventsNetIncomeLossFromSpecialEvents
Gross Profit Loss Sales Of InvntryGrossProfitLossSalesOfInvntry

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$78,218ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA78218TotalPartXVIA

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryTAX PREP FEESCategory
Amount$2,000Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps2000DisbursementsCharitablePrps

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds

FieldValueIRS element (for citing)
Name Of BondCORPORATE BONDSNameOfBond
EOY Book Value1367000EOYBookValue
EOYFMV1367000EOYFMV

Land Etc Schedule2 LandEtcSchedule2

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionACCRUED INTEREST RECEIVABLEDescription
BOY Book Value6000BOYBookValue
EOY Book Value4000EOYBookValue
EOYFMV4000EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionMISC EXPENSESDescription
Revenue And Expenses Per Books3000RevenueAndExpensesPerBooks
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps3000DisbursementsCharitablePrps

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

FieldValueIRS element (for citing)
DescriptionCHANGE IN UNREALIZED GAINS/LOSSESDescription
Amount$144,003Amount

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