Massillon Rotary Foundation Trust in Massillon, Ohio (OH)

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Massillon Rotary Foundation Trust
Employer Identification Number (EIN)341604220
Name of OrganizationMassillon Rotary Foundation Trust
In Care of NameFirst Merit Bank
AddressPO BOX 1476, Massillon, OH 44648-1476
ActivitiesCommunity recreational facilities (park, playground, etc)
SubsectionCharitable Organization
Ruling Date05/1989
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$1,574,715
Amount of Income$1,981,116
Form 990 Revenue Amount$90,701
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Community Service Clubs


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Amount of income in 2013: $1,981,116 (it was $79,871 in 2012)
Massillon Rotary Foundation Trust: 

 $1,981,116
Other organizations performing similar types of work: 

 $113,829

Assets in 2013: $1,574,715 (it was $1,434,376 in 2012)
Massillon Rotary Foundation Trust: 

 $1,574,715
Other organizations performing similar types of work: 

 $160,801

Expenses in 2013: $189,007
This organization: 

 $189,007
Other organizations performing similar types of work: 

 $81,633

Income to expenses ratio in 2013: 10.5
This organization: 

 10.5
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2013: 29.0%
This organization: 

 29.0%
Other organizations performing similar types of work: 

 10.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$363,608$236,394$24,915
Contributions, gifts, grants, etc., received$105,567
Interest on savings and temporary cash investments$2,534
Dividends and interest from securities$22,381
Gross rents$0
Gross sales price for all assets$1,828,987
Gross profit from sales of goods$0
Other income$21,647
Other$211,479
Total expenses and disbursements$189,007$17,759$37,769$170,677
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$583
Accounting fees$300
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$18,418$17,759$88
Contributions, gifts, grants paid$170,589
Excess of revenue over expenses and disbursements$174,601
Net investment income$218,635
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$1,434,790$1,434,376$1,434,376$1,574,715$1,635,397
Cash - non-interest-bearing$0$0
Investments-U.S. and state government obligations$1,417,819$1,528,808
Investments-corporate stock$0$0
Investments-corporate bonds$0$0
Investments-mortgage loans$0$0
Investments-other$0$0
Other assets$0$0
Total liabilities$0$1$1
Mortgages and other notes payable$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$1,434,376$1,574,715
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$24,778$211,479
Net capital loss$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNo
Tax based on investment income$371$2,186
Total credits and payments$0$0
Any penalty for underpayment of estimated tax$0$0
Tax due$371$2,186
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0
Statements Regarding Activities
201120122013
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?NoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesNo
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNo
Agree to pay money or property to a government official?NoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoYes
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)?NoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$1,434,583$1,504,546
Net value of noncharitable-use assets$1,413,064$1,481,978
Minimum investment return$70,653$74,099
Distributable Amount
201120122013
Distributable amount$70,282$71,913
Undistributed Income
201120122013
Distributable amount for this year$70,282$71,913
Undistributed income for this year. This amount must be distributed in the next year$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$2,534$0
Dividends and interest from securities$22,381$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Thames Valley Council For Community Action Inc1 Sylvandale Rd, Jewett City, CT 06351-2220CT1965-04$27,378,291
2Mt Olive Community Outreach Center Inc302 Adkins St, Albany, GA 31705-1909GA1992-09$2,491,042
3National Exchange Club, 1091 Chico CaPO BOX 3115, Chico, CA 95927-3115CA1950-09$89,698
4Kiwanis International, K00411 LaurelPO BOX 361, Laurel, MS 39441-0361MS1966-03$68,088
5Indianola Rotary Club422 Highway 82 East, Indianola, MS 38751MS1966-09$48,287
6Catholic Charities Regional Agency2401 Belmont Ave, Youngstown, OH 44505-2405OH1946-03$2,080,809
7Massillon Rotary Foundation TrustPO BOX 1476, Massillon, OH 44648-1476OH1989-05$1,981,116
8Columbus Rotary Foundation Inc1225 Dublin Road, Columbus, OH 43215-1024OH1957-06$236,337
9Marietta Welfare League514 5th St, Marietta, OH 45750-1908OH1953-01$146,259
10Boston Township Hall Committee IncPO BOX 145, Peninsula, OH 44264-0145OH1992-05$75,068
11Junior Service Guild Of Marion County OhioPO BOX 105, Marion, OH 43301-0105OH1950-01$69,373
12Botkins Area Community Club IncPO BOX 597, Botkins, OH 45306-0597OH1996-11$69,156
13Kettering Rotary Club Foundation4724 Bokay Dr, Dayton, OH 45440-2025OH1998-02$64,704
14Kent Rotary Foundation2275 State Route 59, Kent, OH 44240-7143OH1984-11$39,471
15Norwood Service League Inc2071 Lawrence Ave, Norwood, OH 45212-2631OH1955-03$39,087
16Bath Volunteers For ServicePO BOX 33, Bath, OH 44210-0033OH1966-08$35,262
17Clearinghouse Assistance Program11220 Highland Park, Logan, OH 43138-8616OH1998-03$21,706
18Moraine Lyceum Society212 Erickman Lane, Xenia, OH 45385OH1982-12$10,300
19Mayfield Heights Lions Club781 Pebblebrook Dr, Wiloughby Hls, OH 44094-9181OH1989-05$9,331
20Western Hills Community Service Club3663 Ebenezer Rd, Cincinnati, OH 45248OH1980-10$0
Number of organizations performing similar types of work
Alaska6
Alabama8
Arkansas13
Arizona17
California162
Colorado14
Connecticut21
District of Columbia3
Delaware3
Florida29
Georgia17
Hawaii10
Iowa13
Idaho4
Illinois51
Indiana15
Kansas14
Kentucky5
Louisiana18
Massachusetts26
Maryland25
Maine4
Michigan22
Minnesota16
Missouri31
Mississippi13
Montana5
North Carolina19
North Dakota3
Nebraska10
New Hampshire5
New Jersey23
New Mexico9
Nevada4
New York84
Ohio28
Oklahoma14
Oregon16
Pennsylvania35
Rhode Island3
South Carolina18
South Dakota6
Tennessee14
Texas57
Utah6
Virginia34
Vermont2
Washington27
Wisconsin25
West Virginia2
Wyoming5
International1
Total1,015

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