Hunt Alternatives Fund in Cambridge, Massachusetts (MA)

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Hunt Alternatives Fund
Employer Identification Number (EIN)043397500
Name of OrganizationHunt Alternatives Fund
Address625 Mr Auburn Street, Cambridge, MA 02138
ActivitiesDiscussion groups, forums, panels lectures, etc.
SubsectionEducational Organization
Ruling Date06/1998
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$5,000,000 to $9,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$5,673,257
Amount of Income$12,981,951
Form 990 Revenue Amount$5,815,003
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2012: $12,981,951 (it was $5,815,003 in 2011)
Hunt Alternatives Fund: 

 $12,981,951
Other organizations performing similar types of work: 

 $42,700

Assets in 2012: $5,673,257 (it was $1,700,264 in 2011)
This organization: 

 $5,673,257
Other organizations performing similar types of work: 

 $68,974

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$5,815,003$1,219$2,667
Contributions, gifts, grants, etc., received$5,812,336
Interest on savings and temporary cash investments$1,219
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$1,500
Gross sales less returns and allowances$1,337
Less: Cost of goods sold$163
Other income$-52
Total expenses and disbursements$6,673,333$0$0$5,997,009
Compensation of officers, directors, trustees, etc.$535,179
Total operating and administrative expenses$6,467,333$0$5,790,509
Contributions, gifts, grants paid$206,000
Excess of revenue over expenses and disbursements$-858,330
Net investment income$1,219
Adjusted net income$2,667
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$1,700,264$1,700,264
Cash - non-interest-bearing$1,362,336
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$337,928
Total liabilities$1,456,787
Mortgages and other notes payable$0
Other$1,456,787
Total liabilities and net assets/fund balances$243,477
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
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$24
Total credits and payments$50
2011 estimated tax payments and 2010 overpayment credited to 2011$50
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$26
Amount to be credited to 2012 estimated tax$26
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?Yes
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?Yes
Furnish goods, services, or facilities to (or accept them from) a disqualified person?Yes
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?Yes
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$1,379,368
Net value of noncharitable-use assets$1,358,680
Minimum investment return$67,934
Distributable Amount (for 2011)
Distributable amount$0
Undistributed Income (for 2011)
Distributable amount for 2011$0
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$2,667$2,219$6$0$4,892
Qualifying distributions made directly for active conduct of exempt activities$5,790,509$4,070,757$226,766$3,454,931$13,542,963
Value of all assets$1,700,264$1,854,766$1,295,378$930,591$5,780,999
Value of assets qualifying under section 4942(j)(3)(B)(i)$1,700,264$1,854,766$1,295,378$930,591$5,780,999
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
1Health Scholarships IncPO BOX 1337, Hawkinsville, GA 31036-7337GA1999-04$157,402,420
2Montana Higher Education Student Assistance Corporation2500 E Broadway St, Helena, MT 59601-4901MT1983-03$119,407,568
3Educational Services Of America Inc104 N Seven Oaks Dr, Knoxville, TN 37922-2359TN1996-06$72,052,479
4Usa Funds Education Endowment Inc10475 Crosspoint Blvd Ste 230, Indianapolis, IN 46256-3387IN2005-07$41,529,411
5Greater Texas Foundation6100 Foundation Place Dr, Bryan, TX 77807-1105TX1980-05$39,027,572
6Foundation For Educational FundingPO BOX 82552, Lincoln, NE 68501-2552NE2002-08$36,471,952
7American Association Of University Women Inc9490 N Ridgewood Road, Pocatello, ID 83201ID2010-03$28,150,155
8Bpe27-43 Wormwood St Ste 110, Boston, MA 02210-1622MA2002-10$10,167,761
9Jay Corcoran Memorial Scholarship Foundation1 Fieldstone Way, Norwell, MA 02061-1259MA2002-12$44,587
10Kathi Glavin Higgins Scholarship Inc32 Stewart St, Billerica, MA 01821-3830MA2006-03$13,946
11Hunt Alternatives Fund625 Mr Auburn Street, Cambridge, MA 02138MA1998-06$12,981,951
12Boston Scientific Foundation IncOne Boston Scientific Place Ste Tax, Natick, MA 01760-1536MA2001-08$12,978,690
13Cape Cod Scholarship Inc259 Willow Street, Yarmouth Port, MA 02675-1762MA2002-05$5,469,261
14Action Center For College Educational Svs & Scholarship Fdn, Action Ctr For Clg Ed Suc And Sch31 Saint James Ave Ste 520, Boston, MA 02116-4122MA2006-08$3,431,063
15Massachusetts Soldiers Legacy FundPO BOX 962061, Boston, MA 02196-2061MA2005-02$2,023,422
16Prize4life Inc14 Cambridge Ctr, Cambridge, MA 02142-1453MA2007-06$1,230,470
17Everett W And Marion E Mitchellfoundation, Ronald Garmey - Ttee100 Summer St, Boston, MA 02110-1221MA2006-12$1,158,591
18Lucy Eleanor Dawson Trust1336 Mass Ave, Cambridge, MA 02138-3842MA2004-05$638,746
19Masconomet Regional Scholarship20 Endicott Rd, Topsfield, MA 01983-2013MA1994-10$610,057
20Quincy Retired Teachers Association Scholarship Fund Inc47 Sturtevant Rd, Quincy, MA 02169-1818MA1980-02$593,413
21Emilio A And Mary A Difelice Scholarship Tr605 Broadway Ste 42, Saugus, MA 01906-3200MA2005-01$576,663
22Agganis Foundation Inc2 Arthur Ave, Marblehead, MA 01945-1108MA2005-01$518,264
23Ophelia J Berry Fund Inc397 Linden St, Wellesley, MA 02481-4906MA2003-08$492,247
24484 Phi Alpha Foundation IncPO BOX 1509, Northhampton, MA 01061-1509MA2001-02$401,806
25Irene Stiver Scholarship Fund, Wellesley College114 Waltham St Ste 17, Lexington, MA 02421-5409MA2001-08$372,582
26Growth Through Learning Inc86 Sherman St, Cambridge, MA 02140-3233MA1998-05$358,307
27John Joseph Moakley Charitable FoundationC/O Shaevel Krems 141 Tremont St, Boston, MA 02111MA2001-03$323,919
28Bessie Tartt Wilson Initiative For Children Inc3rd Floor, Boston, MA 02116MA2002-05$309,140
29College Club Of New Bedford Inc, Aauw106 North St, Mattapoisett, MA 02739-1208MA2005-11$297,009
30Oliver Killam Private Foundation Trust27 Congress St Ste 512, Salem, MA 01970-5574MA2005-04$286,111
Number of organizations performing similar types of work
Alaska43
Alabama250
Arkansas194
Arizona319
California2,300
Colorado349
Connecticut321
District of Columbia190
Delaware72
Florida1,105
Georgia574
Hawaii107
Iowa213
Idaho84
Illinois983
Indiana318
Kansas186
Kentucky239
Louisiana208
Massachusetts723
Maryland523
Maine130
Michigan616
Minnesota318
Missouri405
Mississippi131
Montana104
North Carolina548
North Dakota21
Nebraska109
New Hampshire123
New Jersey1,012
New Mexico109
Nevada138
New York1,422
Ohio817
Oklahoma213
Oregon252
Pennsylvania868
Rhode Island122
South Carolina208
South Dakota48
Tennessee287
Texas1,807
Utah187
Virginia572
Vermont84
Washington420
Wisconsin373
West Virginia96
Wyoming40
International28
Total20,909

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