Memorial Foundation For The Blind Inc in Worcester, Massachusetts (MA)

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Memorial Foundation For The Blind Inc
Employer Identification Number (EIN)041611615
Name of OrganizationMemorial Foundation For The Blind Inc
Address799 West Boylston Street, Worcester, MA 01606-3071
ActivitiesAid to the handicapped (see also 031), Other housing activities
SubsectionCharitable Organization
Ruling Date06/1951
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$3,986,492
Amount of Income$1,222,031
Form 990 Revenue Amount$124,225
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Services to Promote the Independence of Specific Populations


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Amount of income in 2013: $1,222,031 (it was $124,225 in 2012)
Memorial Foundation For The Blind Inc: 

 $1,222,031
Other organizations performing similar types of work: 

 $185,030

Assets in 2013: $3,986,492 (it was $3,745,957 in 2012)
Memorial Foundation For The Blind Inc: 

 $3,986,492
Other organizations performing similar types of work: 

 $244,400

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$124,225$123,725$0
Contributions, gifts, grants, etc., received$500
Interest on savings and temporary cash investments$0
Dividends and interest from securities$85,700
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$38,025
Total expenses and disbursements$244,719$28,517$0$216,202
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$33,228$28,517$4,711
Contributions, gifts, grants paid$211,491
Excess of revenue over expenses and disbursements$-120,494
Net investment income$95,208
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$3,745,957$3,745,957
Cash - non-interest-bearing$3,201
Investments-U.S. and state government obligations$0
Investments-corporate stock$2,985,081
Investments-corporate bonds$718,411
Investments-mortgage loans$0
Investments-other$0
Other$39,264
Total liabilities$10,309
Mortgages and other notes payable$0
Other$10,309
Total liabilities and net assets/fund balances$3,735,648
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$38,025
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$1,904
Total credits and payments$600
2012 estimated tax payments and 2011 overpayment credited to 2012$600
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
Tax due$1,304
Amount to be credited to 2013 estimated tax$0
Statements Regarding Activities (for 2012)
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 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?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?Yes
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 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$3,616,057
Net value of noncharitable-use assets$3,561,820
Minimum investment return$178,091
Distributable Amount (for 2012)
Distributable amount$176,187
Undistributed Income (for 2012)
Distributable amount for 2012$176,187
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
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
1Arizona Bridge To Independent Living5025 E Washington St Ste 200, Phoenix, AZ 85034-7439AZ1984-11$35,599,605
2Independencefirst Inc540 S 1st St, Milwaukee, WI 53204-1605WI1980-12$35,080,447
3Buckner International600 N Pearl St Ste 2000, Dallas, TX 75201-2896TX1937-09$9,777,018
4Mental Health Association Residential Care Inc555 N Woodlawn St Ste 3105, Wichita, KS 67208-3673KS1991-08$2,933,765
5Champlain Community Services IncPO BOX 4409, White Riv Jct, VT 05001-4409VT1968-09$2,903,204
6Childrens Community Foundation14941 Rhodes Cir, Lenexa, KS 66215-6117KS1998-05$1,946,677
7Lynne Cohen Foundation For Ovarian Cancer ResearchPO BOX 7128, Santa Monica, CA 90406-7128CA1998-08$853,101
8Jacob Blake Manor Ltd8201 183rd St Ste K, Tinley Park, IL 60487-9249IL1997-05$640,093
9Center For Essential Management Services3 Claralon Ct, Greenlawn, NY 11740-1230NY1995-03$247,741
10Lutheran Housing Services No 12 Incorporated2021 N Mccord Rd, Toledo, OH 43615-3030OH1997-08$114,078
11Alternatives Unlimited Inc50 Douglas Rd, Whitinsville, MA 01588-2008MA1977-10$35,502,692
12Lifeworks Incorporated789 Clapboardtree St, Westwood, MA 02090-1717MA1984-07$11,349,361
13Community Servings Inc18 Marbury Ter, Jamaica Plain, MA 02130-4529MA1992-04$4,744,423
14Harwich Ecumenical Council For The Homeless, Childrens Community Center72 Route 28, West Harwich, MA 02671-1112MA1993-05$1,640,549
15Memorial Foundation For The Blind Inc799 West Boylston Street, Worcester, MA 01606-3071MA1951-06$1,222,031
16Life Needs Co Op Inc205 N Plain Rd, Gt Barrington, MA 01230-1275MA1996-12$503,882
17Blue Rider Stables IncPO BOX 924, Gt Barrington, MA 01230-0924MA1992-02$205,567
18Aids Foundation Of Western Mass IncPO BOX 30092, Springfield, MA 01103-0092MA1991-10$143,771
19Restoration Project Inc40 Beharrell St Ste 6, Concord, MA 01742-2997MA1998-09$117,014
20Hale Meekins Residence Inc417 Liberty Street, Springfield, MA 01104-3736MA1995-12$105,682
Number of organizations performing similar types of work
Alaska1
Alabama7
Arkansas10
Arizona24
California81
Colorado20
Connecticut16
District of Columbia7
Delaware2
Florida60
Georgia20
Hawaii4
Iowa10
Idaho6
Illinois43
Indiana15
Kansas19
Kentucky9
Louisiana15
Massachusetts44
Maryland23
Maine11
Michigan40
Minnesota25
Missouri34
Mississippi7
Montana7
North Carolina20
North Dakota4
Nebraska6
New Hampshire7
New Jersey28
New Mexico4
Nevada6
New York74
Ohio41
Oklahoma14
Oregon12
Pennsylvania46
Rhode Island5
South Carolina17
South Dakota6
Tennessee14
Texas54
Utah7
Virginia27
Vermont8
Washington14
Wisconsin24
West Virginia7
Wyoming2
International6
Total1,013

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