Smart Family Foundation Inc in New Rochelle, 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
| Smart Family Foundation Inc | |
| Employer Identification Number (EIN) | 061232323 |
| Name of Organization | Smart Family Foundation Inc |
| Address | 1333 A North Ave Ste 432, New Rochelle, NY 10804-2120 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $50,000,000 to greater |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $98,652,562 |
| Amount of Income | $2,793,708 |
| Form 990 Revenue Amount | $13,575,380 |
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 | $16,197,942 | $16,197,942 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,050,584 | |||
| Dividends and interest from securities | $1,563,411 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $13,583,947 | |||
| Total expenses and disbursements | $9,208,187 | $1,173,223 | $0 | $7,707,555 |
| Compensation of officers, directors, trustees, etc. | $195,496 | |||
| Total operating and administrative expenses | $1,958,183 | $1,173,223 | $457,551 | |
| Contributions, gifts, grants paid | $7,250,004 | |||
| Excess of revenue over expenses and disbursements | $6,989,755 | |||
| Net investment income | $15,024,719 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $97,633,521 | $160,858,681 |
| Cash - non-interest-bearing | $36,410 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $68,294,695 | |
| Investments-corporate bonds | $18,257,958 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $11,044,458 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $97,633,521 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $13,583,947 |
| 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 | $300,494 |
| Total credits and payments | $400,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $300,000 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $100,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $1,610 |
| Tax due | $0 |
| Overpayment | $97,896 |
| Amount to be credited to 2013 estimated tax | $97,896 |
| 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? | Yes |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| 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 | $157,317,484 |
| Net value of noncharitable-use assets | $154,957,720 |
| Minimum investment return | $7,747,886 |
| Distributable Amount (for 2012) | |
| Distributable amount | $7,447,392 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $7,447,392 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $6,986,374 |
| 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 | Richies Spirit Foundation | PO BOX 390, New York, NY 10276-0390 | NY | 2010-05 | $29,004 |
| 2 | People Helping People International Inc | 9 Church St, Hornell, NY 14843 | NY | 2009-08 | $35,073 |
| 3 | Supporting Emotional Needs Of The Gifted | PO BOX 488, Poughquag, NY 12570-0488 | NY | 2001-04 | $291,453 |
| 4 | St Elmo Society Incorporated | 105 Duane St Apt 9k, New York, NY 10007-3603 | NY | 1943-06 | $87,371 |
| 5 | Suzette Hattingh Ministries Inc | PO BOX 155, Clarence, NY 14031 | NY | 2006-04 | $0 |
| 6 | The Manzanita Foundation | C/O Skp Llp, New York, NY 10019 | NY | 1996-10 | $2,672,263 |
| 7 | The W Richard Bingham And Winifred W Bingham Foundation | PO BOX 860, Saratoga Spgs, NY 12866-0860 | NY | 2000-09 | $657,810 |
| 8 | The Eye Contact Foundation Inc | C/O Braverman Cpa 520 Eighth Avenue, New York, NY 10018 | NY | 2006-09 | $786 |
| 9 | Workers United, Rocky Mountain Joint Board | 12 W 31st St Fl 12, New York, NY 10001-4415 | NY | 2010-03 | $195,410 |
| 10 | Shining Hope For Communities Inc | 175 Varick St 6th Fl, New York, NY 10014-4604 | NY | 2010-05 | $2,341,520 |
| 11 | Smart Family Foundation Inc | 1333 A North Ave Ste 432, New Rochelle, NY 10804-2120 | NY | $2,793,708 | |
| 12 | Sta Foundation Inc | 1115 Broadway No 1110, New York, NY 10010-3450 | NY | 1990-11 | $31,418 |
| 13 | The Lewis Family Foundation Inc | 424 W End Ave Apt 2j, New York, NY 10024-5765 | NY | 1999-02 | $710 |
| 14 | The Samberg Family Foundation | 77 Bedford Road, Katonah, NY 10536-2141 | NY | 2003-11 | $1,314,989 |
| 15 | Tombros Foundation | C/O The Ayco Company Lp 321 Broadwa, Saratoga Springs, NY 12866 | NY | 2001-05 | $5,727,700 |
| 16 | Seed Capital Development Fund Ltd | 1280 5th Ave Apt 8a, New York, NY 10029-7806 | NY | 1992-12 | $507,649 |
| 17 | Sons Of Italy In America Supreme Lodge, Edward J Speno Lodge #2568 No | 2400 Pendroy Street, Esat Meadow, NY 11554 | NY | 1941-06 | $993,531 |
| 18 | Symposia On Environmental Biogeochemistry Inc | Wing Hall Wing Dr B76b, Ithaca, NY 14850 | NY | 1978-12 | $2,009 |
| 19 | United States Friends Of The University Of Newcastle Upon Tyne | 179 Harvard Avenue, Rockville Centre, NY 11570 | NY | 2002-11 | $0 |
| 20 | Science House Foundation | 122 E 38th St 3rd Fl, New York, NY 10016-2602 | NY | 2010-09 | $164,002 |
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