Gelles Family Foundation Inc in Purchase, New York (NY)
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 York
| Gelles Family Foundation Inc | |
| Employer Identification Number (EIN) | 061054644 |
| Name of Organization | Gelles Family Foundation Inc |
| In Care of Name | Melvin Stoner |
| Address | 2975 Westchester Ave Ste 100, Purchase, NY 10577-2500 |
| Activities | Gifts, grants, or loans to other organizations, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 11/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2014 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $406,959 |
| Amount of Income | $5,415 |
| Form 990 Revenue Amount | $3,686 |
Non-representatives - add comments:
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 | $4,239 | $4,239 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $4,239 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $21,200 | $1,100 | $0 | $20,100 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,100 | $1,100 | $0 | |
| Contributions, gifts, grants paid | $20,100 | |||
| Excess of revenue over expenses and disbursements | $-16,961 | |||
| Net investment income | $3,139 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $459,086 | $471,228 |
| Cash - non-interest-bearing | $18,736 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $193,192 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $247,158 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $459,086 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $63 |
| Total credits and payments | $282 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $282 |
| 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 | $0 |
| Overpayment | $219 |
| Amount to be credited to 2013 estimated tax | $219 |
| 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 | $467,861 |
| Net value of noncharitable-use assets | $460,840 |
| Minimum investment return | $23,042 |
| Distributable Amount (for 2012) | |
| Distributable amount | $22,979 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $22,979 |
| 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 |
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| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | First Presbyterian Soc Tr Ua P61254002 | PO BOX 306, Cazenovia, NY 13035-0306 | NY | 1972-12 | $4,116,809 |
| 2 | Friends Of Binjor Inc | 24 Friends Street, Congers, NY 10920-2028 | NY | 1991-05 | $0 |
| 3 | Gilgal Divine Reief Center Incl | 23 Mesa Rd, Syosset, NY 11791-6922 | NY | 2005-03 | $18,735 |
| 4 | Gamma Phi Beta Sorority | 8000 Utopia Parkway, Queens, NY 11439 | NY | 1940-11 | $15,040 |
| 5 | Friends Of Ednas Maternity Hospital | C/O Rford645 North Broadway, Hastings On Hudson, NY 10706 | NY | 2000-12 | $755,756 |
| 6 | Friends Of Glasgow University Inc | P O Box 87, Ardsley On Hudson, NY 10503 | NY | 1994-06 | $0 |
| 7 | Fudan Fuzhong Overseas Foundation Inc | 5 Times Square 14th Fl, New York, NY 10036 | NY | 2007-08 | $0 |
| 8 | Fudan University Education Development Foundation | 4126 27th St Apt 6h, Long Is City, NY 11101-3840 | NY | 2007-01 | $2,076,033 |
| 9 | Gaetano Filangieri Philosophical Society Of America Inc | 140 East 45th Street, New York, NY 10017-3144 | NY | 2005-12 | $525,000 |
| 10 | Garden-Empire Volleyball Association | PO BOX 651, Tarrytown, NY 10591-0651 | NY | 1983-10 | $769,105 |
| 11 | Gelles Family Foundation Inc | 2975 Westchester Ave Ste 100, Purchase, NY 10577-2500 | NY | 1982-11 | $5,415 |
| 12 | Freed Foundation Inc | 825 Third Ave Suite 244, New York, NY 10022-7519 | NY | 1955-10 | $5,460,344 |
| 13 | Geoffrey Beene Foundationalzheimers Initiative Inc | C/O Eisikovic Kane 1430 Broadway, New York, NY 10018 | NY | 2007-09 | $405,067 |
| 14 | Freund Family Foundation | 1464 51st St, Brooklyn, NY 11219-3605 | NY | 2008-03 | $1 |
| 15 | Frederick & Greta Smiley Charitable Foundation | 280 Madison Ave Rm 1007, New York, NY 10016-0801 | NY | 1991-04 | $357,939 |
| 16 | Gadsby Fund Inc | 11 Martine Ave, White Plains, NY 10606-1934 | NY | 1946-08 | $286,327 |
| 17 | George Mcneil Tr Uw, Mcneil James & Helen Ttee | 195 Waverly Ave, Brooklyn, NY 11205-3605 | NY | 1995-08 | $163,303 |
| 18 | Friends Of Guthrie Castle Inc | 65 W Clinton Ave, Irvington, NY 10533-2129 | NY | 1982-04 | $526 |
| 19 | Gateway Academy, C-O Daniel E Deschler | 590 Columbus Ave, Thornwood, NY 10594-1907 | NY | 1992-06 | $0 |
| 20 | Shalom Mountain Inc | 664 Cattail Rd, Livingstn Mnr, NY 12758-6728 | NY | 1994-12 | $622,126 |
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