Joe Garassino Foundation Inc in Watertown, Connecticut (CT)
Table of contents:
Joe Garassino Foundation Inc | |
Employer Identification Number (EIN) | 462601479 |
Name of Organization | Joe Garassino Foundation Inc |
Address | 66 Flintlock Rd, Watertown, CT 06795-2341 |
Subsection | Charitable Organization |
Ruling Date | 08/2013 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $25,000 to $99,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $46,099 |
Amount of Income | $83,558 |
Form 990 Revenue Amount | $60,721 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $83,558
This organization: | $83,558 |
Other organizations performing similar types of work: | $72,190 |
Assets in 2013: $46,099
This organization: | $46,099 |
Other organizations performing similar types of work: | $42,723 |
Expenses in 2013: $14,622
This organization: | $14,622 |
Other organizations performing similar types of work: | $42,209 |
Income to expenses ratio in 2013: 5.7
Joe Garassino Foundation Inc: | 5.7 |
Other organizations performing similar types of work: | 0.4 |
Grants share in income in 2013: 26.1%
This organization: | 26.1% |
Other organizations performing similar types of work: | 4.7% |
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
2013 | |
---|---|
Total revenue | $60,721 |
Contributions, gifts, grants, and similar amounts received | $15,847 |
Program service revenue including government fees and contracts | $0 |
Membership dues and assessments | $0 |
Investment income | $0 |
Gain/Loss from sale of assets other than inventory | $0 |
Net income/loss from gaming and fundraising events | $44,874 |
Gross income from gaming | $0 |
Gross income from fundraising events | $67,711 |
Less: direct expenses from gaming and fundraising events | $22,837 |
Gross profit/loss from sales of inventory | $0 |
Other revenue | $0 |
Total expenses | $14,622 |
Total net assets | $46,099 |
Excess/Deficit for the year | $46,099 |
Net assets or fund balances at beginning of year | $0 |
Other changes in net assets or fund balances | $0 |
Net assets or fund balances at end of year | $46,099 |
Balance Sheets | |
2013 | |
---|---|
Total assets | $46,099 |
Total liabilities | $0 |
Net assets or fund balances | $46,099 |
Other Information | |
2013 | |
---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No |
Were any significant changes made to the organizing or governing documents? | No |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
Has the organization filed a Form 990-T for the year? | No |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
Amount of political expenditures, direct or indirect | $0 |
Did the organization file Form 1120-POL for this year? | No |
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No |
Total amount involved | $0 |
Initiation fees and capital contributions | $0 |
Gross receipts for public use of club facilities | $0 |
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
Reason for Public Charity Status (for 2013) | |
The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public Support | $15,847 |
Subtotal Support | $15,847 |
Gifts, grants, contributions, and membership fees received | $15,847 |
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
Total Support | $15,847 |
Public Support | $15,847 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income. Do not include gain or loss from the sale of capital assets | $0 |
Gross receipts from related activities, etc. | $67,711 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Rotary International, South Hill Rotary Club | PO BOX 922, South Hill, VA 23970-0922 | VA | 2008-06 | $70,044 |
2 | The Catherine Jefferson Foundation, Brett R Jefferson Ttee | 225 Tokeneke Rd, Darien, CT 06820-4821 | CT | 2014-04 | $2,602,976 |
3 | Jordan Porco Foundation | 225 Asylum Street, Hartford, CT 06103-1516 | CT | 2011-09 | $779,182 |
4 | Simsbury Performing Arts Center Inc | Po Box 33, Simsbury, CT 06070 | CT | 2012-04 | $445,984 |
5 | Newtown Lions Foundation Inc | PO BOX 218, Newtown, CT 06470-0218 | CT | 2011-07 | $265,039 |
6 | Cheshire Half Marathon 5k Foundation Inc | 5 Verbena Ct, Cheshire, CT 06410-3358 | CT | 2014-02 | $211,675 |
7 | Friends Of Malta House, Carolyn F Devore Ttee | 5 Prowitt St, Norwalk, CT 06855-1203 | CT | 2008-08 | $206,333 |
8 | Hugz4haiti | 42 Lake Ave Ext Ste 302, Danbury, CT 06811 | CT | 2011-08 | $96,356 |
9 | Joe Garassino Foundation Inc | 66 Flintlock Rd, Watertown, CT 06795-2341 | CT | 2013-08 | $83,558 |
10 | John Patrick Flanagan Foundation | PO BOX 818, Southport, CT 06890-0818 | CT | 2009-11 | $76,287 |
11 | Lauren E Avezzie Charitable Foundation Inc | 17 Kenington Rd, Avon, CT 06001-5102 | CT | 2011-02 | $75,301 |
12 | Watertown Lions Foundation Inc | PO BOX 281, Watertown, CT 06795-0281 | CT | 1996-03 | $58,059 |
13 | Scarsdale Concours Foundation | 34 5th Street, Stamford, CT 06905 | CT | 2011-06 | $54,898 |
14 | Wish Upon A Par Inc | 30 Powdermaker Dr, Ridgefield, CT 06877-1035 | CT | 2010-08 | $41,859 |
15 | New Haven Football Officials Charities Inc | PO BOX 185823, Hamden, CT 06518-0823 | CT | 2012-10 | $27,432 |
16 | Sharedimpact Foundation Inc | 274 Wall St, Hebron, CT 06248-1328 | CT | 2014-08 | $24,468 |
17 | William J Selig Foundation Inc | 801 Bloomfield Ave, Windsor, CT 06095-2301 | CT | 1999-11 | $13,480 |
18 | Serve Inc | 35 Brook Street, Noank, CT 06340 | CT | 2009-12 | $9,667 |
19 | Developmental Disabilities Associates Inc | PO BOX 365, Uncasville, CT 06382 | CT | 1999-07 | $7,896 |
20 | Keith And Joan Jones Charitable Foundation | 24 Hudson Ln, Essex, CT 06426-1315 | CT | 2011-09 | $1,000 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,544 |
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