The Morris I Franco Foundation in Rahway, New Jersey (NJ)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in New Jersey
| The Morris I Franco Foundation | |
| Employer Identification Number (EIN) | 900907633 |
| Name of Organization | The Morris I Franco Foundation |
| Address | 1299 Main St, Rahway, NJ 07065-5024 |
| Subsection | Charitable Organization |
| Ruling Date | 10/1969 |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 06/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,687,051 |
| Amount of Income | $100,660 |
| Form 990 Revenue Amount | $66,344 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $66,344 | $66,344 | $34,316 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $32,028 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Gross sales less returns and allowances | $-34,316 | |||
| Less: Cost of goods sold | $34,316 | |||
| Other income | $0 | |||
| Other | $34,316 | |||
| Total expenses and disbursements | $113,095 | $0 | $0 | $112,845 |
| Compensation of officers, directors, trustees, etc. | $34,316 | |||
| Total operating and administrative expenses | $250 | $0 | $0 | |
| Contributions, gifts, grants paid | $112,845 | |||
| Excess of revenue over expenses and disbursements | $-46,751 | |||
| Net investment income | $66,344 | |||
| Adjusted net income | $34,316 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,687,051 | $1,521,783 |
| Cash - non-interest-bearing | $66,783 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $165,268 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,455,000 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,687,051 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $34,316 |
| 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 | $663 |
| Total credits and payments | $762 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $762 |
| 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 | $99 |
| Amount to be credited to 2013 estimated tax | $99 |
| 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? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $54,583 |
| Net value of noncharitable-use assets | $53,760 |
| Minimum investment return | $2,688 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,025 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,025 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
Divine House Of Deliverance in Atlantic City, NJ
  |
|
Ezras Dovid in Lakewood, NJ
|
| Vanech Family Foundation in Morristown, NJ |
|
Visiting Health Services Of Union County Inc in Westfield, NJ
|
| Robert J And Elaine Ciatto Family Foundation Inc in Morristown, NJ |
|
Christian Breakthrough Fellowship International Ministries in Union, NJ
|
Ruesch Family Foundation in Pennington, NJ
 |
| Indian American Senior Citizen Association Inc in Clifton, NJ |
|
Association Of Independent Contractor Bus Drivers in Paterson, NJ
|
|
Jersey Shore Baseball Association in Tuckerton, NJ
|
| Other organizations in New Jersey | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Police Unity Tour Inc, Chapter Ii Southern New Jersey | PO BOX 8, Sea Isle City, NJ 08243-0008 | NJ | 2010-06 | $353,063 |
| 2 | Polish American Citizens Club Inc | 319 Main St, Delran, NJ 08075-1156 | NJ | 2011-09 | $154,767 |
| 3 | Pop Warner Little Scholars Inc, Allentown Central Red Birds Pop War | PO BOX 218, Allentown, NJ 08501-0218 | NJ | 1990-02 | $96,188 |
| 4 | Pta New Jersey Congress Of Parents & Teachers, 9394 Lm Dunfee Pta | 128 Barnegat Blvd S, Barnegat, NJ 08005-1408 | NJ | 1972-04 | $40,632 |
| 5 | Security Guards Local 1412 Welfare Fund | 163 Washington Ave, Belleville, NJ 07109-2542 | NJ | 2011-11 | $380,018 |
| 6 | Russian-American Chamber Of Commerce In The Usa | 9 Irving Ave, Englewood Cliffs, NJ 07632 | NJ | 2011-12 | $38,048 |
| 7 | Sigma Delta Epsilon Graduate Women In Science Inc, Sigma Delta Epsilon Graduate Women In Science Kappa Chapter | 476 Joralemon St Apt F3, Belleville, NJ 07109 | NJ | 1944-04 | $115 |
| 8 | Soroptimist International Of The Americas Inc, 102205 Si Of Cumberland County Nj | 268 Cubby Hollow Rd, Bridgeton, NJ 08302-5887 | NJ | 2002-10 | $101,661 |
| 9 | Soul Mates For Jesus Inc | 513 Seashore Rd, Erma, NJ 08204 | NJ | 1946-03 | $56,012 |
| 10 | Tea Party Patriots Of Southern Nj Inc | Po Box 534, Northfield, NJ 08225 | NJ | 2012-12 | $1,976 |
| 11 | The Morris I Franco Foundation | 1299 Main St, Rahway, NJ 07065-5024 | NJ | 1969-10 | $100,660 |
| 12 | Tuckerton Old Home Society, Greenwood Cemetery | 126 N Green St, Tuckerton, NJ 08087 | NJ | 1965-08 | $64,460 |
| 13 | Union Desportiva Ferreirence Inc | 113 Main St # 115, Newark, NJ 07105-3520 | NJ | 2009-03 | $88,019 |
| 14 | United Brotherhood Of Carpenters And Joiners Of America, 251 Local | 91 Fieldcrest Ave, Edison, NJ 08837-3627 | NJ | 1940-10 | $171,822 |
| 15 | United Brotherhood Of Carpenters And Joiners Of America, 252 Local | 91 Fieldcrest Ave, Edison, NJ 08837-3627 | NJ | 1940-10 | $366,493 |
| 16 | United Brotherhood Of Carpenters And Joiners Of America, 253 Local | 36 Bergen St, Hackensack, NJ 07601-5401 | NJ | 1940-10 | $780,547 |
| 17 | United Brotherhood Of Carpenters And Joiners Of America, 254 Local | 91 Fieldcrest Ave, Edison, NJ 08837-3627 | NJ | 1940-10 | $755,699 |
| 18 | United Brotherhood Of Carpenters And Joiners Of America, 255 Local | 3300 S White Horse Pike, Hammonton, NJ 08037-1054 | NJ | 1940-10 | $716,176 |
| 19 | Womens Surf Fishing Club Of New Jersey | 701 East Beach Avenue, Brigantine, NJ 08203 | NJ | 2012-06 | $6,767 |
| 20 | Woodcliff Lake Boys Basketball Assoication Inc | C/O Barry Kissler 4 Hunter Ridge, Woodcliff Lake, NJ 07677 | NJ | 2011-05 | $22,487 |
Organization representatives - add corrected or new information about The Morris I Franco Foundation »
Non-representatives - add comments about The Morris I Franco Foundation»