Fels Family Foundation in Worcester, Massachusetts (MA)

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Fels Family Foundation
Employer Identification Number (EIN)200477156
Name of OrganizationFels Family Foundation
Address370 Main St Ste 800, Worcester, MA 01608-1741
SubsectionCharitable Organization
Ruling Date03/2004
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$14,571,261
Amount of Income$2,887,912
Form 990 Revenue Amount$998,363
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Fund Raising and/or Fund Distribution


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Amount of income in 2011: $2,887,912 (it was $6,814,874 in 2010)
Fels Family Foundation: 

 $2,887,912
Other organizations performing similar types of work: 

 $65,220

Assets in 2011: $14,571,261 (it was $14,340,321 in 2010)
This organization: 

 $14,571,261
Other organizations performing similar types of work: 

 $38,200

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$998,363$998,363$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$558,699
Dividends and interest from securities$226,084
Gross rents$0
Gross profit from sales of goods$0
Other income$13,361
Other$200,219
Total expenses and disbursements$710,727$975$0$709,952
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$6,027$975$5,252
Contributions, gifts, grants paid$704,700
Excess of revenue over expenses and disbursements$287,636
Net investment income$997,388
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$14,571,261$16,135,424
Cash - non-interest-bearing$12,189
Investments-U.S. and state government obligations$0
Investments-corporate stock$8,404,737
Investments-corporate bonds$4,872,930
Investments-mortgage loans$0
Investments-other$388,000
Other$893,405
Total liabilities$0
Total liabilities and net assets/fund balances$14,571,261
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$200,219
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$19,948
Total credits and payments$20,000
2011 estimated tax payments and 2010 overpayment credited to 2011$20,000
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$52
Amount to be credited to 2012 estimated tax$52
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$16,134,784
Net value of noncharitable-use assets$15,892,760
Minimum investment return$794,638
Distributable Amount (for 2011)
Distributable amount$774,690
Undistributed Income (for 2011)
Distributable amount for 2011$774,690
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Foundation For Enhancing Communities, Greater Harrisburg Foundation200 N 3rd St Fl 8, Harrisburg, PA 17101-1518PA2002-10$11,967,002
2The Shafeek Nader Trust Supporting Fund Inc1530 P St Nw, Washington, DC 20005-1910DC2001-05$1,216,074
3Wellstone Action Fund2446 Univ Ave W Ste 170, Saint Paul, MN 55114-1795MN2003-11$719,170
4One Hope United, Kids Hope United215 N Milwaukee Ave, Lake Villa, IL 60046-8529IL2003-08$197,668
5Womens Shelter Endowment TrPo Box 125, San Luis Obispo, CA 93406CA2001-09$154,581
6Yorba Linda Sunrise Rotary Club FoundationPO BOX 924, Yorba Linda, CA 92885-0924CA2006-08$121,196
7Caresource Charitable Association1624 E 4500 S, Salt Lake Cty, UT 84117-4212UT2003-01$20,248
8Marguerite Casey Foundation1425 4th Ave Ste 900, Seattle, WA 98101-2222WA2000-09$251,502,766
9Duffield Family Foundation2223 Santa Clara Ave Ste B, Alameda, CA 94501-4471CA2000-10$130,682,079
10Bp Foundation Inc501 Westlake Park Blvd 24th Floor, Houston, TX 77079-2604TX1953-07$109,780,787
11Early Learning Coalition Of Broward County Inc6301 Nw 5th Way Ste 3400, Ft Lauderdale, FL 33309-6183FL2001-07$90,529,461
12Goodwill Community Foundation Inc4808 Chin Page Rd, Durham, NC 27703-8476NC1997-12$32,814,418
13Illinois Childrens Healthcare Foundation, The Northern Trust Company1200 Jorie Blvd Ste 301, Oak Brook, IL 60523-2299IL2003-06$20,022,986
14Arnold And Margaret Peterson Family Foundation534 S Bay Front, Balboa Island, CA 92662-1039CA2009-03$8,849,494
15Children First-Americas Charities14150 Newbrook Dr Ste 110, Chantilly, VA 20151-2274VA2003-10$5,782,496
16Burger King Mclamore Foundation Inc5505 Blue Lagoon Dr, Miami, FL 33126-2029FL2006-02$5,357,627
17Meredith And Whitney George Family Foundation Inc24 Three Wells Rd, Darien, CT 06820-2606CT2005-09$4,615,522
18Not For Sale FundPO BOX 1000, Half Moon Bay, CA 94019-1000CA2007-01$4,535,554
19Marshall & Margherite Mccomb Founda Tion, Livadary Paul J Ttee1801 Ave Of Stars Ste 1000, Los Angeles, CA 90067-5804CA2005-02$4,130,547
20Edinburgh Usa Pro-Am Foundation5740 142nd Ave Nw, Ramsey, MN 55303-4662MN2002-02$3,981,349
21Fels Family Foundation370 Main St Ste 800, Worcester, MA 01608-1741MA2004-03$2,887,912
22Cadmus Life Sharing Association IncPO BOX 46, Gt Barrington, MA 01230-0046MA2001-05$253,946
23Village By Village Inc125 Washington St Ste 201, Salem, MA 01970-3536MA2004-09$161,231
24A Hand Up Charitable Foundation83 Orchard Hill Park Dr, Leominster, MA 01453-7019MA2008-01$78,520
25Mashpee Womens ClubPO BOX 1613, Mashpee, MA 02649-1613MA2000-04$54,722
26Onexone581 Boylston Street Suite 702fg, Boston, MA 02116-3608MA2008-09$39,305
27Friends Of The Lowell Council On Aging Center Inc276 Broadway St, Lowell, MA 01854-4121MA2006-04$34,083
28Cameron Kids Inc71 Bullivant Farm Rd, Marion, MA 02738-1154MA2005-08$24,577
29Arno And Roberta E Wagner Scholarship Fund370 Main St Ste 800, Worcester, MA 01608-1741MA2006-09$20,909
30Melissa Gosule Foundation480 Adams Street, Milton, MA 02186-4914MA2000-02$0
Number of organizations performing similar types of work
Alaska4
Alabama24
Arkansas7
Arizona42
California218
Colorado37
Connecticut25
District of Columbia7
Delaware4
Florida146
Georgia43
Hawaii9
Iowa7
Idaho12
Illinois60
Indiana24
Kansas10
Kentucky17
Louisiana26
Massachusetts53
Maryland33
Maine9
Michigan67
Minnesota22
Missouri21
Mississippi6
Montana7
North Carolina65
North Dakota2
Nebraska7
New Hampshire15
New Jersey62
New Mexico6
Nevada20
New York130
Ohio68
Oklahoma15
Oregon40
Pennsylvania83
Rhode Island14
South Carolina19
South Dakota5
Tennessee24
Texas138
Utah21
Virginia47
Vermont4
Washington39
Wisconsin25
West Virginia3
Wyoming3
International1
Total1,796

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