Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
NEW ENGLAND BIOLABS FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)240 COUNTY ROAD   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
IPSWICH, MA019382723
A Employer identification number

04-2776213
B Telephone number (see instructions)

(978) 998-7990
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$9,194,952J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule).............. 199,801
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 168,402 168,402  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 535,497
b Gross sales price for all assets on line 6a 4,202,901
7 Capital gain net income (from Part IV, line 2)... 535,497
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 903,700 703,899  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 83,995     83,995
14 Other employee salaries and wages...... 39,479     39,479
15 Pension plans, employee benefits....... 26,098     26,098
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,817     9,817
c Other professional fees (attach schedule).... Click to see attachment 92,157 88,682   3,475
17 Interest............... 101 101    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 14,650     14,650
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 14,615     14,615
22 Printing and publications.......... 2,124     2,124
23 Other expenses (attach schedule)....... Click to see attachment 12,385     12,385
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 295,421 88,783   206,638
25 Contributions, gifts, grants paid........ 509,349 509,349
26 Total expenses and disbursements. Add lines 24 and 25 804,770 88,783   715,987
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 98,930
b Net investment income (if negative, enter -0-) 615,116
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 128,508 177,195 177,195
3 Accounts receivable bullet7,281
Less: allowance for doubtful accounts bullet   10,600 7,281 7,281
4 Pledges receivable bullet25,001
Less: allowance for doubtful accounts bullet     25,001 25,001
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet100,000
Less: allowance for doubtful accounts bullet   100,000 Click to see attachment100,000 100,000
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 1,950 2,314 2,314
10a Investments—U.S. and state government obligations (attach schedule) 1,026,431 Click to see attachment1,004,109 1,018,286
b Investments—corporate stock (attach schedule)........ 5,001,533 Click to see attachment5,511,091 7,626,617
c Investments—corporate bonds (attach schedule)........ 581,887 Click to see attachment239,421 238,258
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 41,409    
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,819,340 Click to see attachment2,128,540 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,711,658 9,194,952 9,194,952
Liabilities 17 Accounts payable and accrued expenses.......... 16,396 17,113
18 Grants payable.................. 108,976 176,847
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 125,372 193,960
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 8,586,286 9,000,992
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 8,586,286 9,000,992
31 Total liabilities and net assets/fund balances (see instructions).. 8,711,658 9,194,952
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 8,586,286
2 Enter amount from Part I, line 27a..................... 2 98,930
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 315,951
4 Add lines 1, 2, and 3.......................... 4 9,001,167
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 175
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 9,000,992
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a INVESTMENT SECURITIES P 2013-12-30 2014-12-31
b INVESTMENT SECURITIES P 2014-01-01 2014-12-31
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,673,851 0 2,130,407 543,444
b 1,529,050 0 1,536,997 -7,947
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a 0 0 0 543,444
b 0 0 0 -7,947
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 535,497
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3 -7,947
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 659,449 7,974,708 0.082693
2012 574,744 6,943,277 0.082777
2011 513,158 6,745,627 0.076073
2010 560,980 6,536,860 0.085818
2009 476,119 6,087,172 0.078217
2 Total of line 1, column (d) ...................... 2 0.405578
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.081116
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 8,575,114
5 Multiply line 4 by line 3....................... 5 695,579
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,151
7 Add lines 5 and 6......................... 7 701,730
8 Enter qualifying distributions from Part XII, line 4.............. 8 715,987
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 6,151
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 6,151
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,151
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 8,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Original Return Overpayment: -8000 7 8,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 30
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,819
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,819 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
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? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.nebf.org
    14
    The books are in care ofbulletJESSICA L BROWN Telephone no.bullet (978) 998-7990
    Located atbullet240 COUNTY ROADIPSWICHMA ZIP+4bullet019382723
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), 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 (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a 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? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 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? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    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 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), 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 (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    JESSICA L BROWN EXECUTIVE DIRECTOR
    30.00     		83,995 15,720 0
    275 HIGH ROAD
    NEWBURY,MA01951
    HENRY P PAULUS TRUSTEE
    5.00     		0 0 0
    85 EAST INDIA ROW 35A
    BOSTON,MA02110
    DAVID C COMB TRUSTEE
    5.00     		0 0 0
    1 NORTONS POINT
    MANCHESTER,MA01944
    HEIDI ELLARD TRUSTEE
    5.00     		0 0 0
    15 FOREST LANE
    BOXFORD,MA01921
    MARCOS A NETO TRUSTEE
    5.00     		0 0 0
    5 SARGENT STREET
    CAMBRIDGE,MA02140
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    MORGAN STANLEY SMITH BARNEY INVESTMENT MANAGEMENTPENSION PLAN MANAGEMENT 89,067
    1 PENN PLAZA
    NEW YORK,NY10001
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 NEBF SUPPORTS PRIMARILY GRASSROOTS ORGANIZATIONS WITH ANEMPHASIS ON CONSERVATION, BIOCULTURAL DIVERSITY, ECOSYSTEMS,FOOD SECURITY AND THE MARINE ENVIRONMENT. 474,544
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,554,338
    b
    Average of monthly cash balances.......................
    1b
    151,361
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,705,699
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    8,705,699
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    130,585
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,575,114
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    428,756
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    428,756
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    6,151
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,151
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    422,605
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    422,605
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    422,605
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    715,987
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    715,987
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    6,151
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    709,836
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 422,605
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 172,768
    b From 2010....... 239,460
    c From 2011....... 184,384
    d From 2012....... 236,360
    e From 2013....... 276,416
    fTotal of lines 3a through e......... 1,109,388
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 715,987
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 422,605
    e Remaining amount distributed out of corpus 293,382
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,402,770
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		172,768
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		1,230,002
    10 Analysis of line 9:
    a Excess from 2010.... 239,460
    b Excess from 2011.... 184,384
    c Excess from 2012.... 236,360
    d Excess from 2013.... 276,416
    e Excess from 2014.... 293,382
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JESSICA L BROWN
    240 COUNTY ROAD
    IPSWICH,MA019382723
    (978) 998-7990
    bThe form in which applications should be submitted and information and materials they should include:
    SEE ATTACHED NOTE REGARDING MISSION AND GUIDELINES
    cAny submission deadlines:
    APPLICATIONS ARE REVIEWED TWICE A YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE ATTACHED NOTE REGARDING MISSION AND GUIDELINES
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ESSEX COUNTY TRAIL ASSOCIATION INC
    PO BOX 166
    HAMILTON,MA01936     		  PC MAINTENANCETRAILAND OUTREACH 5,000
    IPSWICH RIVER WATERSHED ASSOCIATION
    143 COUNTY ROAD
    IPSWICH,MA01938     		  PC RESTORATION ATFLOODPLAINRIVERBEND RESERVATION 5,000
    WINDHOVER FOUNDATION INC
    257R GRANITE STREET
    ROCKPORT,MA01966     		  PC DANCEQUARRY3 4,000
    CENDEP
    PO BOX 742
    LIMBE CAMEROON,MA00000     		  NC COLLECTION OFESTABLISH A LIVINGCAULIFLOROUS PLANTS 7,500
    GLOUCESTER MARITIME HERITAGE CENTER INC
    23 HARBOR LOOP
    GLOUCESTER,MA01930     		  PC FORWARDFISH ITEXHIBIT 2,500
    COMMUNITY ACTION FOR DEVELOPMENT
    OLD MARKET SQUARE PO BOX 85 BANGEM
    SW REGION CAMEROON,MA00000     		  NC WILDLIFEPROMOTE COMMUNITYMANAGEMENT 6,000
    ENVIRONMENTAL GOVERNANCE INSTITUTE
    PARAMOUNT MOLYKO PO BOX 211
    BUEA CAMEROON,MA00000     		  NC OF WILDLIFEHUMAN DIMENSIONSCONSERVATION 6,500
    PANDRILLUS FOUNDATION USA
    PO BOX 10082
    PORTLAND,OR97296     		  PF SCHEME AS ANGREEN LEAF VEGETABLEALTERNATIVE LIVELIHOOD 5,500
    RURAL ALLIANCE FOR YOUTH DEVELOPMENT
    BOX 401
    LIMBE CAMEROON,MA00000     		  NC WILDLIFECOMMUNITY-BASEDCONSERVATION 8,200
    TREES FOR THE FUTURE INC
    1400 SPRING STREET
    SILVER SPRING,MD20910     		  PC AND CROPTREE PLANTINGDIVERSIFICATION 6,000
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BOULEVARD
    BRONX,NY10460     		  PC COLLABORATIONSTRENGTHENINGAMONG TWO GROUPS 8,000
    HERP CONSERVATION - GHANA
    PO BOX KS-6980
    KUMASI GHANA,MA00000     		  NC SEA TURTLES ANDSAVING THREATENEDHABITAT 7,500
    PAN AFRICAN ORGANIZATION
    PO BOX 2153 TL TAMALE
    NORTHERN REGION GHANA,MA00000     		  NC AND ENVIRONMENTALTREE PLANTINGEDUCATION 7,000
    WETLANDS AND AGROFORESTRY DEV FOUNDATION
    PO BOX 595 HOHOE
    VOLTA REGION GHANA,MA00000     		  NC RESTORATIONWETLANDS 5,000
    OCEANA INC
    1350 CONNECTICUT AVENUE NW
    WASHINGTON,DC20036     		  PC BELIZE'SSAFEGUARDINGBARRIER REEF 7,000
    WILDLIFE CONSERVATION NETWORK
    209 MISSISSIPPI STREET
    SAN FRANCISCO,CA94107     		  PC MEETKIDSSHARKS 5,800
    TRIGOH
    25 CALLE 2-39 ZONA 1
    GUATEMALA CITY GUATEMA,MA00000     		  NC REFUGE NETWORKPROMOTE A FISH 6,000
    ALLIANCE FOR INTL REFORESTATION
    4514 CHAMBLEE DUNWOODY ROAD
    ATLANTA,GA30338     		  PC AND SUSTAINABLEINDIGENOUS MICROBUSINESSESFARMING 10,800
    FUNDENOR AQ'AB'AL
    5 AVENIDA Y 3 CALLE ZONA 1
    PURULHA BAJA VERAPAZ G,MA00000     		  NC BELIEFS ANDINTEGRATINGPRACTICES 7,500
    GRASSROOTS INTERNATIONAL INC
    237 BOYLSTON STREET
    BOSTON,MA02130     		  PC GARDENING ANDWOMEN'S VEGETABLELEADERSHIP 7,500
    OXLAJUJ AJPOP
    5TA AVENIDA A 5-75 COLONIA EL CENTR
    HUEHUETENANGO GUATEMAL,MA00000     		  NC NATURALCONSERVING THERESOURCE BASE 7,000
    FUNDACION ENTRE VOLCANES
    FRENTE A OFICINAS DEL BANCO DE LA P
    MOYOGALPA ISLA DE OMET,MA00000     		  NC CLIMATE 7,100
    INDO-PACIFIC CONSERVATION ALLIANCE
    1525 BERNICE STREET
    HONOLULU,HI96817     		  PC INSTITUTIONALBUILDINGSTRENGTH 6,500
    AMERICAN BIRD CONSERVANCY
    4249 LOUDON AVENUE
    THE PLAINS,VA20198     		  PC ENDANGEREDPROTECTINGWILDLIFE 8,000
    FUNDACION CORDILLERA TROPICAL
    EDIFICIO EL CONSORCIO CALLE JAIME R
    CUENCA ECUADOR,MA00000     		  NC RESTOREPROTECT ANDCLOUD FORESTS 6,500
    ALIANZA ARKANA
    23532 CALABASAS ROAD STE A
    CALABASAS,CA91302     		  NC ANDCOOKGROW 8,000
    STRATEGIES FOR INTL DEVELOPMENT
    330 PENNSYLVANIA AVENUE SE
    WASHINGTON,DC20003     		  PC EDUCATION ANDDAIRY FARMERSTRAINING 6,600
    TURTLE ISLAND RESTORATION NETWORK
    PO BOX 370
    FOREST KNOLLS,CA94933     		  PC FEMALE WHALEPROTECTINGSHARKS 5,000
    BACKYARD GROWERS
    269 MAIN STREET
    GLOUCESTER,MA01930     		  PC GARDENSCHOOLYARDPROGRAM 5,000
    GULF OF MAINE INSTITUTE
    117 MAINE STREET
    WEST NEWBURY,MA01985     		  PC DRIFTERSOCEANPROJECT 5,000
    MASSACHUSETTS AUDUBON SOCIETY
    208 SOUTH GREAT ROAD
    LINCOLN,MA01773     		  PC AND LEADERSHIPSTUDENT MAPPINGINITIATIVE 5,000
    NORTHEAST ORGANIC FARMING ASSN
    411 SHELDON ROAD
    BARRE,MA01005     		  PC SHORE2015 NORTHWORKSHOPS 3,300
    RAW ART WORKS INC
    37 CENTRAL SQUARE
    LYNN,MA01901     		  PC PROGRAMDOOR 2 DOOR 5,000
    SOUTH SUDANESE ENRICHMENT FOR FAMILIES
    339 PLEASANT STREET
    MALDEN,MA02148     		  PC EXPRESSIONYOUTH ARTISTPROJECT 4,000
    THE FOOD PROJECT
    10 LEWIS STREET
    LINCOLN,MA01773     		  PC FARMERSLYNN CENTRALMARKET 5,000
    CENTER FOR RURAL EMPOWERMENT AND THE ENVIRONMENT
    925 NW HOYT STREET NO 411
    PORTLAND,OR97209     		  NC MICRO-ENTERPRISESSNAIL FARMING 6,000
    THE GREENS
    PO BOX 5112
    BAMENDA CAMEROON,MA00000     		  NC RADIOCONSERVATIONPROGRAM 6,000
    CSRAD
    PO BOX 19 NKROFUL
    WESTERN REGION GHANA,MA00000     		  NC MONTONSO SACREDSAFEGUARDINGFOREST 6,300
    THE CONSERVATION FOUNDATION
    10S404 KNOCH KNOLLS ROAD
    NAPERVILLE,IL60565     		  PC TRADITIONALGOVERNANCE 5,000
    YA'AXCHE CONSERVATION TRUST
    20A GEORGE PRICE STREET
    PUNTA GORDA BELIZE,MA00000     		  NC CAPACITY BUILDINGCOMMUNITYINITIATIVE 8,500
    MANGROVE ASSOCIATION
    KM 85 CARRETERA EL LITORAL
    SAN VINCENTE EL SALVAD,MA00000     		  NC CULTURALSUSTAINABLEDEVELOPMENT 8,400
    FUNDACION TRADICIONES MAYAS
    APARTADO POSTAL 107 PANAJACHEL
    SOLOLA GUATEMALA,MA07010     		  NC MEDICINALADVANCE USE OFPLANTS 7,000
    FUNDAECO
    BLYTHE HOUSE BRIDGE STREET
    HALESWORTH SUFFOLK UK,MA00000     		  NC THE SEAYOUTH FORPROGRAM 8,000
    IDAMHO
    CALLE LA MERCED CASA 1201
    BARRIO LA PLAZUELA HON,MA00000     		  NC FOR SUSTAINABLECITIZEN PARTICIPATIONDEVELOPMENT 7,000
    BAY ISLANDS CONSERVATION ASSN
    NEW AIRPORT ROAD
    UTILA HONDURAS,MA00000     		  NC GUANAJARESTORATION OF THEISLAND 8,000
    THE CHILDREN'S HOME PROJECT
    PO BOX 8066
    CHANDLER,AZ85246     		  PC ENVIRONMENTALARTS AND THEATERPROGRAM 5,000
    FAUNA & FLORA INTERNATIONAL INC
    1720 N STREET NW
    WASHINGTON,DC20036     		  PC MANAGEMENT OF THESUSTAINABLEOMETEPE ISLAND RESERVE 7,000
    MADRE
    121 WEST 27TH STREET
    NEW YORK,NY10001     		  PC A SEED BANK TODEVELOPMENT OFSAVE NATIVE SPECIES 8,000
    LIDEMA
    AV ECUADOR 2131 CASILLA 11237
    LA PAZ BOLIVIA,MA00000     		  NC AGROBIODIVERSITYRESTORATION OFRE: LAKE TITICACA 6,000
    REALIDADES REALIDAD ACCION Y DESARROLLO
    ESTADOS UNIDOS 600
    SUCRE BOLIVIA,MA00000     		  NC EDUCATION INREFORESTATIONRURAL COMMUNITIES 6,500
    FUNDACION SEMILLA AMBIENTAL
    CALLE MANOSCA 812 Y VASCO DE CONTRE
    QUITO ECUADOR,MA00000     		  NC EDUCATION ANDENVIRONMENTALRESEARCH 6,000
    ASOCIACION MINGA PERU
    JOSE MAIRA DE LA JARA Y URETA 264 M
    LIMA PERU,MA00000     		  NC LEADERSHIPWOMEN'SPROJECT 7,900
    CAMINO VERDE INC
    95 MARTHAS POINT ROAD
    CONCORD,MA01742     		  PC AGROFORESTRYOIL POLYCULTURESYSTEMS 7,500
    CTR FOR AMAZON COMMUNITY ECOLOGY
    1637B NORTH ATHERTON STREET
    STATE COLLEGE,PA16803     		  PC OF VALUE-ADDEDSUSTAINABLE HARVESTNONTIMBER FOREST PRODUCTS 8,000
    QOLPAY CTR FOR WATERSHED DEV
    CALLE LOS NARCISOS N138 HUANCAYO
    JUNIN PERU,MA00000     		  NC OF WETLANDSSUSTAINABLE USEIN HUANCAYO 6,000
    ARTCORPS INC
    240 COUNTY ROAD
    IPSWICH,MA01938     		  PC OPERATINGGENERALSUPPORT 87,594
    ACTORS STUDIO OF NEWBURYPORT INC
    50 WATER STREET
    NEWBURYPORT,MA01950     		  PC STEWARDSHIPENVIRONMENTALEDUCATION PROGRAMS 750
    THE TRUSTEES OF RESERVATIONS
    572 ESSEX STREET
    BEVERLY,MA01915     		  PC OPERATINGGENERALSUPPORT 400
    CHANGE IS SIMPLE INC
    8 ENON STREET
    BEVERLY,MA01915     		  PC OPERATINGGENERALSUPPORT 1,000
    COASTAL TRAILS COALITION INC
    PO BOX 1016
    NEWBURYPORT,MA01950     		  PC OPERATINGGENERALSUPPORT 500
    EAST COAST GREENWAY ALLIANCE INC
    5315 HIGHGATE DRIVE
    DURHAM,NC27713     		  PC SYSTEMTRAILACTIVITIES 500
    GLOBAL DIVERSITY FOUNDATION
    PO BOX 194
    BRISTOL,VT05443     		  PC ENVIRONMENTALGLOBALSUMMER ACADEMY 1,000
    INTL FUNDERS FOR INDIGENOUS PEOPLES
    PO BOX 29184
    SAN FRANCISCO,CA94129     		  PC OPERATINGGENERALSUPPORT 550
    IPSWICH PARTNERSHIP INC
    29 WATER STREET
    IPSWICH,MA01938     		  PC OPERATINGGENERALSUPPORT 1,500
    IUCN-US
    1630 CONNECTICUT AVENUE NW
    WASHINGTON,DC20009     		  PC MANAGEMENTSUPPORT 1,000
    NS COMMUNITY COLLEGE FDN INC
    1 FERNCROFT ROAD
    DANVERS,MA01923     		  PC STUDIESENVIRONMENTALSHOLARSHIP 750
    THE OCEAN FOUNDATION
    1990 M STREET NW
    WASHINGTON,DC20036     		  PC DEEP SEACAMPAIGN AGAINSTMINING 1,000
    PARTNERS IN HEALTH
    888 COMMONWEALTH AVENUE
    BOSTON,MA02215     		  PC EBOLARESPONSE 500
    QUEBEC-LABRADOR FOUNDATION INC
    555 SOUTH MAIN STREET
    IPSWICH,MA01938     		  PC STEWARDSHIPINTERNATIONALPROGRAM 1,000
    SACRED LAND FILM PROJECT
    2150 ALLSTON WAY SUITE 440
    BERKELEY,CA94704     		  PC OPERATINGGENERALSUPPORT 250
    THE SACRED NATURAL SITES INITIATIVE
    PO BOX 64
    AB LEUSDEN NL,MA00000     		  NC OPERATINGGENERALSUPPORT 500
    SMALL SOLUTIONS INC
    3 OAK STREET
    NEWBURYPORT,MA01950     		  PC OPERATINGGENERALSUPPORT 400
    SUSTAINABLE BOLIVIA
    1374-B DANIELSON ROAD
    SATA BARBARA,CA93108     		  PC OPERATINGGENERALSUPPORT 1,000
    TERRALINGUA
    13269 COVERED ROAD
    ATLANTIC MINE,MI49905     		  PC OPERATINGGENERALSUPPORT 750
    TOLEDO INSTITUTE FOR DEV AND ENVIRONMENT
    PO BOX 150
    PUNTA GORDA BELIZE,MA00000     		  NC WORLD PARKS2014CONGRESS 1,500
    ECOLOGIC DEVELOPMENT FUND
    25 MT AUBURN STREET
    CAMBRIDGE,MA02138     		  PC ANNUALEVENT 250
    CONFLUENCE PHILANTHROPY
    475 RIVERSIDE DRIVE
    NEW YORK,NY10115     		  NC OPERATINGGENERALSUPPORT 1,000
    CONSULTATIVE GROUP ON BIO DIVERSITY
    PO BOX 29361
    SAN FRANCISCO,CA94129     		  NC OPERATINGGENERALSUPPORT 1,950
    EDGE FUNDERS ALLIANCE
    PO BOX 559
    SAN FRANCISCO,CA94110     		  NC OPERATINGGENERALSUPPORT 1,000
    INTL FUNDERS FOR INDIGENOUS PEOPLES
    PO BOX 29184
    SAN FRANCISCO,CA94129     		  PC SUPPORT/CONFERENCEGENERAL OPERATINGREGISTRATION 3,491
    NEW ENGLAND INTL DONORS
    420 BOYLSTON STREET
    BOSTON,MA02116     		  NC OPERATINGGENERALSUPPORT 1,000
    UNITED VISION
    PO BOX 364 BUEA
    SOUTHWEST REGION CAMER,MA00000     		  NC AND POVERTYBIODIVERSITYALLEVIATION 5,000
    GLOUCESTER STAGE COMPANY
    267 EAST MAIN STREET
    GLOUCESTER,MA01930     		  PC ACTING2015 YOUTHWORKSHOP 5,000
    GATE OF HOPE HUMANITY
    PO BOX AH 1314 ACHIMOTA ACCRA SCHOO
    NEW TOWN GHANA,MA00000     		  NC CONSERVATION PROGRAM 2,000
    VARIOUS PROGRAM RECIPIENTS
    240 COUNTY ROAD
    IPSWICH,MA01938     		  PC PROGRAM MONITORINGPROGRAM WORKSHOPSPROGRAM EVALUATION 29,689
    THE CONSULTATIVE GROUP ON BIOLOGICAL DIVERSITY
    PO BOX 29361
    SAN FRANCISCO,CA941290361     		  NC OPERATINGGENERALSUPPORT 3,125
    Total .................................bullet 3a 509,349
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 168,402  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18   535,497
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   168,402 535,497
    13Total. Add line 12, columns (b), (d), and (e)..................
    13703,899
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    8 INVESTMENT INCOME IS USED TO PROVIDE GRANTS
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    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
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 -Original Return Overpayment: -8,000


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    NEW ENGLAND BIOLABS FOUNDATION
     
    Employer identification number

    04-2776213
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    NEW ENGLAND BIOLABS FOUNDATION
          		Employer identification number

    04-2776213
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    NEW ENGLAND BIOLABS INC
     

       
    240 COUNTY ROAD
     
    IPSWICH, MA01938

    		$143,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    MR AND MRS DONALD COMB  
    240 COUNTY ROAD
     
    IPSWICH, MA01938

    		$50,501


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    MR DAVID COMB AND COLLEEN FITZGIBBO  
    PO BOX 121
     
    PRIDES CROSSING, MA019650121

    		$5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    NEW ENGLAND BIOLABS FOUNDATION
          		Employer identification number

    04-2776213
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    NEW ENGLAND BIOLABS FOUNDATION
          		Employer identification number

    04-2776213
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BERNARD JOHNSON & COMPANY REVIEW & TAX 9,817     9,817

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    INVESTMENT SECURITIES   Purchased     4,202,901 3,667,404 Cost   535,497  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS #398-114901-322 239,421 238,258

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCK #398-163731-322 409,669 510,913
    COMMON STOCK #398-115215-322 2,877,779 3,875,738
    COMMON STOCK #398-115216-322 2,223,643 3,239,966

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213
    US Government Securities - End of Year Book Value:

    1,004,109
    US Government Securities - End of Year Fair Market Value:

    1,018,286
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2014 OtherAssetsSchedule
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    UNREALIZED GAIN ON INVESTMENTS 1,819,340 2,128,540  
    UNREALIZED GAIN ON INVESTMENTS 1,819,340 2,128,540  
    UNREALIZED GAIN ON INVESTMENTS 1,819,340 2,128,540  


    TY 2014 OtherAssetsSchedule
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    UNREALIZED GAIN ON INVESTMENTS 1,819,340 2,128,540  
    UNREALIZED GAIN ON INVESTMENTS 1,819,340 2,128,540  
    UNREALIZED GAIN ON INVESTMENTS 1,819,340 2,128,540  


    TY 2014 OtherAssetsSchedule
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    UNREALIZED GAIN ON INVESTMENTS 1,819,340 2,128,540  
    UNREALIZED GAIN ON INVESTMENTS 1,819,340 2,128,540  
    UNREALIZED GAIN ON INVESTMENTS 1,819,340 2,128,540  


    TY 2014 OtherDecreasesSchedule
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 457     457
    PAYROLL SERVICE FEES 1,787     1,787
    OFFICE SUPPLIES 1,256     1,256
    MEMBER DUES 4,282     4,282
    FUNDRAISERS 547     547
    BOARD EXPENSES 1,343     1,343
    COMPUTER EXPENSE 1,275     1,275
    FILING FEES 125     125
    TELEPHONE 65     65
    INSURANCE 358     358
    ENTERTAINMENT 390     390
    OTHER EXPENSES 500     500


    TY 2014 OtherIncreasesSchedule
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213
    Description Amount
       


    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 OtherNotesLoansRcvblLongSch
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    NONE 50,000 50,000 2013-05 2015-05 TWO YEAR PROMISSORY 2.000000 % UNSECURED, FULL RECOURSE INVESTMENT NOTE 50,000
    NONE 50,000 50,000 2012-11 2015-11 DUE ON DEMAND 2.500000 % UNSECURED, FULL RECOURSE INVESTMENT NOTE 50,000

    TY 2014 OtherProfessionalFeesSchedule
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MORGAN STANLEY INVESTMENT MANAGEMENT FEES 88,682 88,682    
    GAIL McELHINNEY BOOKKEEPING 3,090     3,090
    MORGAN STANLEY PENSION PLAN FEES 385     385


    TY 2014 TaxesSchedule
    Name:
    NEW ENGLAND BIOLABS FOUNDATION
    EIN: 04-2776213
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 8,450     8,450
    FEDERAL EXCISE 6,200     6,200