RCB CHARITABLE FOUNDATION INC: Form 990PF, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- RCB CHARITABLE FOUNDATION INC (EIN 04-3466878)
- Tax period
- 2025-05-01 to 2026-04-30
- Filed
- 2026-08-27
- IRS object ID
- 202602399349100815
- Schema version
- 2025v4.2
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Other Decreases Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-08-27T15:01:28-05:00 | ReturnTs |
| Tax Period End | 2026-04-30 | 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 | 280 Fore Street Suite 500 | AddressLine1Txt |
| City | Portland | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2025-05-01 | 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 | 2026-08-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Connor Smart | PreparerPersonNm |
| PTIN | P02285543 | PTIN |
| Phone | 2078792100 | PhoneNum |
| Preparation | 2026-08-18 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | 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 | $1,091,437 | 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 | $33,650 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $7 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $7 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $24,997 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $24,997 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,404 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $38,091 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $193 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $22 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $62,080 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $25,198 | 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 | $3,900 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,950 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $1,950 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $666 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $666 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $2,716 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $7,282 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,616 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,950 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $67,435 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $67,435 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $74,717 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,616 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $69,385 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$12,637 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $22,582 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $5,145 | CashBOYAmt |
| Cash EOY | $413 | CashEOYAmt |
| Cash EOYFMV | $413 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $10,444 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $20,396 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $20,396 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $560,848 | CorporateStockBOYAmt |
| Corporate Stock EOY | $710,223 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $710,223 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $373,275 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $360,405 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $360,405 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $949,712 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,091,437 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,091,437 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $947,845 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $1,089,570 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $1,867 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $1,867 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $949,712 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,091,437 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $949,712 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,091,437 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $949,712 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$12,637 | ExcessRevenueOverExpensesAmt |
| Other Increases | $159,898 | OtherIncreasesAmt |
| Subtotal | $1,096,973 | SubtotalAmt |
| Other Decreases | $5,536 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,091,437 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| Publicly Traded Securities | $37,113 | $34,687 | $2,426 | $2,426 | |
| Capital Gains from Partnership Interests | $926 | $3,211 | -$2,285 | -$2,285 | P |
| Capital Gains Dividends | $52 | $52 | $52 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $193 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $314 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $314 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $314 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | 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 | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $314 | 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 | 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 | 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 | 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 (16 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 |
|---|---|---|---|---|---|---|---|---|
| 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 | 1.00 | $0 | $0 | $0 |
| John J McCarthy Jr | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Michael McCarthy | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| William McCarthy | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 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 | 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 |
| Carol Houle | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Treasurer & Clerk | 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 | $1,007,163 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $22,400 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,029,563 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,029,563 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $15,443 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,014,120 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $50,706 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $50,706 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $314 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $376 | IncomeTaxAmt |
| Total Tax | $690 | TotalTaxAmt |
| Distributable Before Adj | $50,016 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $700 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $50,716 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $50,716 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $69,385 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $69,385 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $50,716 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $75,426 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $77,583 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $57,487 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $22,485 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $40,770 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $273,751 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $69,385 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $50,716 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $18,669 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $292,420 | 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 | $75,426 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $216,994 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $77,583 | ExcessFromYear4Amt |
| Excess From Year3 | $57,487 | ExcessFromYear3Amt |
| Excess From Year2 | $22,485 | ExcessFromYear2Amt |
| Excess From Year1 | $40,770 | ExcessFromYear1Amt |
| Excess From Current Year | $18,669 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Shanna F Cahalane SVP | 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 |
| Recipient Email Address | scahalane@readingcoop.com | RecipientEmailAddressTxt |
| 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, Lawrence, Lynn, Lynnfield, Melrose, Nahant, North Reading, Reading, Wakefield, 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-Donation-Request.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 (45 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AltaMar Foundation Inc | |||||||
| 62 Nesmith Street | Lawrence | MA | 01841 | N/A | PC | AltaMar Community Impact Dinner 2026 | $400 |
| Ballard Vale United Church | |||||||
| 23 Clark Road | Andover | MA | 01810 | N/A | PC | Village Food Hub | $1,000 |
| Blessed Stephen Bellesini OSA Academy Inc | |||||||
| PO Box 1021 | Lawrence | MA | 01842 | N/A | PC | 2025 8th Annual Gala Cocktail Sponsorship | $396 |
| Boss Lady | |||||||
| 17 Ferry Street | Lawrence | MA | 01841 | N/A | PC | Women's Scholarship | $500 |
| Boys & Girls Club of Lynn | |||||||
| 25 North Common Street | Lynn | MA | 01902 | N/A | PC | $500 Carnival Cash; $1,000 Cookout; $1,224 Gala | $2,724 |
| Bread & Roses Inc | |||||||
| 58 Newbury Street | Lawrence | MA | 01840 | N/A | PC | General Support | $1,000 |
| Camp Fire North Shore | |||||||
| 90 Munroe Street | Lynn | MA | 01901 | N/A | PC | $1,000 Annual Event; $2,500 Staff Appreciation | $3,500 |
| Christian Community Service of North Reading Inc | |||||||
| PO Box 626 | North Reading | MA | 01864 | N/A | PC | General Support | $1,000 |
| Cultura Latina Dance Academy Inc | |||||||
| PO Box 2683 | Lynn | MA | 01903 | N/A | PC | $1,000 2025 Dance; $590 Gala | $1,590 |
| Disabled And Limbless Veterans Inc | |||||||
| 35 Center Street | Burlington | MA | 01803 | N/A | PC | Freedom Fish Lynn 2025 | $1,100 |
| Essex County Community Foundation | |||||||
| 500 Cummings Center 5450 | Beverly | MA | 01915 | N/A | PC | Greater Lawrence Partnership | $1,000 |
| Friends of North Reading Council on Aging | |||||||
| 157 Park Street | North Reading | MA | 01864 | N/A | PC | 2025 Rep Brad Jones Thanksgiving Dinner | $3,000 |
| Good Hope Inc | |||||||
| 47 Grove Street | Lynnfield | MA | 01940 | N/A | PC | General Support | $1,000 |
| Greater Boston Stage Company | |||||||
| 395 Main Street | Stoneham | MA | 02180 | N/A | PC | $2,500 Campaign for GBSC; $2,500 Fund A Need | $5,000 |
| Greater Lawrence Family Health Center | |||||||
| 1 Griffin Brook Park Drive | Methuen | MA | 01844 | N/A | PC | Spring Benefit 2026 | $2,300 |
| Greater Lawrence Kiwanis Club Foundation Inc | |||||||
| PO Box 3068 | Andover | MA | 01810 | N/A | PC | Santa's Helpers Mrs. Clause Sponsor | $500 |
| HAWC | |||||||
| 27 Congress Street 204 | Salem | MA | 01970 | N/A | PC | Healing Abuse Working For Change | $500 |
| 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 | $2,500 Annual Meeting; $5,000 Annual Contribution | $7,500 |
| Lawrence Rotary Foundation | |||||||
| 243 Broadway | Methuen | MA | 01844 | N/A | PC | 100 Coats for 100 Kids | $500 |
| LEO Inc | |||||||
| 181 Union Street | Lynn | MA | 01901 | N/A | PC | Campaign For Preschool | $5,000 |
| Lynnfield Rotary Charitable Fund | |||||||
| PO Box 216 | Lynnfield | MA | 01940 | N/A | PC | Build a Bed | $350 |
| Merrimack Valley Housing Partnership Inc | |||||||
| PO Box 1042 | Lowell | MA | 01843 | N/A | PC | General Support | $2,500 |
| Merrimack Valley YMCA | |||||||
| 280 Merrimack Street 500 | Lawrence | MA | 01843 | N/A | PC | Growing Together Gala | $1,000 |
| My Brother's Table | |||||||
| 98 Willow Street | Lynn | MA | 01901 | N/A | PC | $1,000 General Support; $500 Nine Million Meals Walk | $1,500 |
| Northeast Metropolitan Regional Vocational High School | |||||||
| 100 Hemlock Road | Wakefield | MA | 01880 | N/A | GOV | Scholarships | $1,500 |
| Partners in Child Development | |||||||
| 32 Osgood Street | Andover | MA | 01810 | N/A | PC | General Support | $500 |
| People Helping People | |||||||
| 21 Murray Avenue | Burlington | MA | 01803 | N/A | PC | General Support | $1,000 |
| Pilings Pond Foundation | |||||||
| 30 Maywood Road | Lynnfield | MA | 01940 | N/A | PC | T-Shirt Sponsorship | $275 |
| Reading Food Pantry | |||||||
| 6 Salem Street | Reading | MA | 01867 | N/A | PC | General Support | $1,000 |
| Reading Rotary Charitable Trust | |||||||
| PO Box 61 | Reading | MA | 01867 | N/A | PC | Reading Fall Street Faire | $1,000 |
| Reading Scholarship Foundation | |||||||
| PO Box 492 | Reading | MA | 01867 | N/A | PC | Scholarships | $5,000 |
| Samantha's Harvest Company Inc | |||||||
| PO Box 425 | Reading | MA | 01867 | N/A | PC | 2025 Golf Sponsorship | $200 |
| Social Capital Inc | |||||||
| 400 West Cummings Park 4125 | Woburn | MA | 01801 | N/A | PC | $400 Juneteenth; $750 Horn Pond Summer Series | $1,150 |
| The Bridge | |||||||
| 360 Lynn Fells Parkway | Melrose | MA | 02176 | N/A | PC | Honor Roll Scholarship | $500 |
| The Food Drive | |||||||
| 25 Sargent Street | Melrose | MA | 02176 | N/A | PC | General Support | $1,000 |
| The Salem Pantry | |||||||
| PO Box 295 | Salem | MA | 01970 | N/A | PC | Impact Breakfast | $500 |
| The Scholarship Foundation of Wakefield | |||||||
| PO Box 321 | Wakefield | MA | 01880 | N/A | PC | Annual Trivia Team Challenge | $500 |
| Vietnam Veterans of Massachusetts Inc | |||||||
| 27 Beacon Street 54 | Boston | MA | 02133 | N/A | PC | Care Packages for Service Members | $1,000 |
| Wakefield Community Access Television Inc | |||||||
| 24 Hemlock Road | Wakefield | MA | 01880 | N/A | PC | Movies by the Lake | $1,000 |
| Wakefield Education Foundation | |||||||
| PO Box 1752 | Wakefield | MA | 01880 | N/A | PC | Annual School Calendar | $500 |
| Wakefield Food Pantry | |||||||
| PO Box 1624 | Wakefield | MA | 01880 | N/A | PC | General Support | $1,000 |
| Wakefield Independence Day Committee Inc | |||||||
| PO Box 1746 | Wakefield | MA | 01880 | N/A | PC | July 4th Parade Sponsor | $1,200 |
| Wilmington Community Fund | |||||||
| PO Box 147 | Wilmington | MA | 01887 | N/A | PC | General Support | $1,000 |
| YMCA of Greater Boston | |||||||
| 316 Huntington Avenue | Boston | MA | 02115 | N/A | PC | Family Welcome Area - Reading Branch | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $67,435 | 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 | $7 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $24,997 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,404 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Income from partnerships | Desc |
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | $21 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $21 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $28,409 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $28,430 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Reading Cooperative Bank | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | $33,650 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting fees | CategoryTxt |
| Amt | $3,900 | Amt |
| Net Investment Income | $1,950 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $1,950 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (6 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 3177.626 units BRFIX | $29,838 | $29,838 |
| 19832.827 units FXNAX | $207,253 | $207,253 |
| 907 units IGSB | $47,699 | $47,699 |
| 666 units SHYG | $28,418 | $28,418 |
| 364 units BSV | $28,505 | $28,505 |
| 389 units BNDX | $18,692 | $18,692 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 8357.748 units FLCOX | $190,975 | $190,975 |
| 4087.444 units FSPGX | $190,924 | $190,924 |
| 224 units IWS | $35,105 | $35,105 |
| 236 units IWP | $32,169 | $32,169 |
| 122 units IWN | $25,346 | $25,346 |
| 71 units IWO | $25,551 | $25,551 |
| 1803 units VEA | $124,046 | $124,046 |
| 239 units VSS | $37,784 | $37,784 |
| 820 units VWO | $48,323 | $48,323 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Timing differences - uncleared grant checks | $4,588 |
| Timing differences - income at disposal of partnership interests | $948 |
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 | $1 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Correction of prior year disqualified grants | $250 |
| Unrealized gain on investments | $159,648 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment management fees | CategoryTxt |
| Amt | $666 | Amt |
| Net Investment Income | $666 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Excise taxes | CategoryTxt |
| Amt | $2,716 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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