Goldstone Family Foundation in Ridgefield, Connecticut (CT)
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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Organizations performing similar types of work
| Goldstone Family Foundation | |
| Employer Identification Number (EIN) | 061596255 |
| Name of Organization | Goldstone Family Foundation |
| In Care of Name | Davis Polk & Wardwell |
| Address | 445 Main St, Ridgefield, CT 06877-4513 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $25,548,333 |
| Amount of Income | $4,192,394 |
| Form 990 Revenue Amount | $1,976,206 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $4,192,394 (it was $3,657,291 in 2012)
| This organization: | $4,192,394 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2013: $25,548,333 (it was $24,701,022 in 2012)
| This organization: | $25,548,333 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $1,524,932
| This organization: | $1,524,932 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 2.7
| Goldstone Family Foundation: | 2.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| Goldstone Family Foundation: | 0.0% |
| Other organizations performing similar types of work: | 79.6% |
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 | $1,768,920 | $1,721,934 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $169,662 | |||
| Dividends and interest from securities | $155,451 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-8,515 | |||
| Other | $1,452,322 | |||
| Total expenses and disbursements | $1,524,932 | $359,005 | $0 | $1,152,821 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $572,507 | $359,005 | $200,396 | |
| Contributions, gifts, grants paid | $952,425 | |||
| Excess of revenue over expenses and disbursements | $243,988 | |||
| Net investment income | $1,362,929 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $24,701,022 | $24,298,481 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $585,102 | |
| Investments-corporate stock | $4,328,371 | |
| Investments-corporate bonds | $1,065,026 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $11,723,901 | |
| Other | $6,998,622 | |
| Total liabilities | $116,471 | |
| Mortgages and other notes payable | $0 | |
| Other | $116,471 | |
| Total liabilities and net assets/fund balances | $24,584,551 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,452,322 |
| 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 | $13,629 |
| Total credits and payments | $13,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $13,000 |
| 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 | $9 |
| Tax due | $638 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | 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 | $23,683,298 |
| Net value of noncharitable-use assets | $23,328,040 |
| Minimum investment return | $1,166,402 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,152,773 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,152,773 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,076,411 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $0 | $0 | $0 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $15 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $20,032 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $20,000 |
| Unrelated business taxable income | $20,000 |
| Unrelated business taxable income before net operating loss deduction | $20,000 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $20,000 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Steven A And Alexandra M Cohen Foundation Inc | PO BOX 142, Greenwich, CT 06836-0142 | CT | 2001-10 | $276,350,188 |
| 2 | Seedlings Foundation | 984 Main St, Branford, CT 06405-3730 | CT | 2002-07 | $39,447,906 |
| 3 | Wright Foundation Inc | 4 Greenwich Office Park, Greenwich, CT 06831-5153 | CT | 2001-06 | $14,203,335 |
| 4 | Werth Family Foundation Inc | 85 Rimmon Rd, Woodbridge, CT 06525-2003 | CT | 2002-12 | $11,335,303 |
| 5 | The Zac Foundation For Childrens Safety | Co Foundation Source, Fairfield, CT 06824 | CT | 2009-06 | $11,161,280 |
| 6 | Sbm Charitable Foundation Inc | 935 Main Street Lev C Ste B101, Manchester, CT 06040 | CT | 2001-06 | $9,723,663 |
| 7 | Zide Family Foundation | 77 Havemeyer Ln Unit 417, Stamford, CT 06902-2177 | CT | 2013-11 | $6,572,266 |
| 8 | Hackett Family Fund | 112 Pear Tree Point Rd, Darien, CT 06820-5818 | CT | 2014-10 | $5,807,720 |
| 9 | Nancy E Barton Foundation, Edward F Rodenbach Ttee | PO BOX 2505, Greenwich, CT 06836-2505 | CT | 2012-04 | $5,357,909 |
| 10 | Selander Foundation | 15 E Putnam Ave Ste 244, Greenwich, CT 06830-5424 | CT | 2005-03 | $4,873,746 |
| 11 | Tauck Family Foundation Inc | PO BOX 5020, Norwalk, CT 06856-5020 | CT | 2009-10 | $4,805,923 |
| 12 | The Betsy And Jesse Fink Foundation, Fink Jesse Et Al Ttee | 20 Marshall St Ste 300, Norwalk, CT 06854-2281 | CT | 2001-02 | $4,732,662 |
| 13 | Tricoastal Foundation | PO BOX 311, Monroe, CT 06468-0311 | CT | 2011-08 | $4,565,700 |
| 14 | Yvette & Arthur Eder Charitable Foundation Trust, Bershtein Raymond Ttee | 105 Court St 3rd Floor, New Haven, CT 06511-6957 | CT | 2002-05 | $2,963,008 |
| 15 | William J And Frances E Deutsch Charitable Foundation | 113 Round Hill Rd, Greenwich, CT 06831-3722 | CT | 2004-07 | $2,834,034 |
| 16 | Shoemate Foundation 10-29-01, Shoemate Charles R Ttee | PO BOX 271820, W Hartford, CT 06127-1820 | CT | 2003-01 | $2,231,585 |
| 17 | Wadsworth Family Foundation | 879 Church St-Rt 68, Wallingford, CT 06492 | CT | 2005-03 | $2,221,242 |
| 18 | The Per And Astrid Heidenreich Family Foundation | 1010 Washington Blvd 9th Floor, Stamford, CT 06901-2202 | CT | 2005-03 | $2,127,108 |
| 19 | Sca Charitable Foundation Inc | 326 Round Hill Rd, Greenwich, CT 06831-3343 | CT | 2009-07 | $2,123,078 |
| 20 | Swordspoint Foundation Inc | 107 Cherry St Fl 2, New Canaan, CT 06840-5521 | CT | 2007-12 | $2,032,278 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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