Gitlitz Family Foundation in Delray Beach, Florida (FL)
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
- Organizations performing similar types of work
| Gitlitz Family Foundation | |
| Employer Identification Number (EIN) | 043445596 |
| Name of Organization | Gitlitz Family Foundation |
| In Care of Name | Raphael And Raphael Llp |
| Address | 910 Seasage Dr, Delray Beach, FL 33483-6628 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $178,619 |
| Amount of Income | $770,420 |
| Form 990 Revenue Amount | $8,669 |
| National Taxonomy of Exempt Entities (NTEE) | Diseases, Disorders, Medical Disciplines: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $770,420 (it was $483,261 in 2012)
| Gitlitz Family Foundation: | $770,420 |
| Other organizations performing similar types of work: | $63,282 |
Assets in 2013: $178,619 (it was $177,596 in 2012)
| This organization: | $178,619 |
| Other organizations performing similar types of work: | $31,552 |
Expenses in 2012: $14,180
| This organization: | $14,180 |
| Other organizations performing similar types of work: | $40,991 |
Income to expenses ratio in 2012: 54.3
| Gitlitz Family Foundation: | 54.3 |
| Other organizations performing similar types of work: | 3.3 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 100.0% |
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 | $14,136 | $14,136 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $20 | |||
| Dividends and interest from securities | $4,557 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $9,559 | |||
| Total expenses and disbursements | $14,180 | $5,042 | $0 | $9,138 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,042 | $5,042 | $0 | |
| Contributions, gifts, grants paid | $9,138 | |||
| Excess of revenue over expenses and disbursements | $-44 | |||
| Net investment income | $9,094 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $177,596 | $182,553 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $149,382 | |
| Other | $28,214 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $177,596 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $9,559 |
| 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 | $182 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $182 |
| 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 | $181,340 |
| Net value of noncharitable-use assets | $178,620 |
| Minimum investment return | $8,931 |
| Distributable Amount (for 2012) | |
| Distributable amount | $8,749 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $8,749 |
| 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 |
| Gol Iluminado Foundation Inc in Delray Beach, FL |
Hannahs Homeless Inc in St Petersburg, FL
  |
|
Hope Chapel Inc in Estero, FL
|
|
Veteran Enforcers Motorcycle Association Vema in Jacksonville, FL
|
|
Helping Hands Of Christ Ministries Inc in Lake Wales, FL
|
|
Knights Of Columbus, Knights Of Columbus 7210 St Anne Council in Ruskin, FL
|
|
Child Survivors Hidden Children Of The Holocaust Inc in Boynton Beach, FL
|
|
Lehigh Acres Lodge 2009 I O O F in Lehigh Acres, FL
|
|
Disabled Veterans Golf Association Inc in Tampa, FL
|
|
Reins Of Change Equine Therapy Inc in North Port, FL
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | United Cerebral Palsy Of Palm Beach And Mid-Coast Counties Inc | 2700 W 81st St, Hialeah, FL 33016-2732 | FL | 2003-04 | $4,618,461 |
| 2 | Noahs Light Foundation | 446 W Plant St, Winter Garden, FL 34787-3048 | FL | 2010-05 | $464,593 |
| 3 | The Spine Foundation Inc | 3031 N Rocky Point Drive W Ste 300, Tampa, FL 33607 | FL | 2008-09 | $423,024 |
| 4 | Callaghan Tire Charity Pro Am | 5066 18th Ave W, Bradenton, FL 34209-5125 | FL | 2012-11 | $274,375 |
| 5 | Bryces Buddies Juvenile Diabetes Foundation Inc | Po Box 771, Winter Haven, FL 33882 | FL | 2010-12 | $145,228 |
| 6 | Brain Foundation Of Florida Inc | 9152 Point Cypress Dr, Orlando, FL 32836-5477 | FL | 2010-08 | $144,740 |
| 7 | Blechman Foundation Inc, Put An End To Parkinson's | C/O David Blechman 11521 Sw 72nd Court, Miami, FL 33156 | FL | 2012-03 | $131,506 |
| 8 | Kate Mcgarrigle Foundation | 1950 Sw Palm City Rd Apt 7202, Stuart, FL 34994-4307 | FL | 2013-02 | $123,090 |
| 9 | Rehabilitation Foundation For Disabled Persons Inc | 8974 Province St, Sarasota, FL 34240-8311 | FL | 2011-10 | $118,736 |
| 10 | Live Like Bella Inc | PO BOX 161215, Miami, FL 33116-1215 | FL | 2013-09 | $114,644 |
| 11 | The Brandon Merritt Charitable Foundation Inc | 333 Las Olas Way, Fort Lauderdale, FL 33301 | FL | 2013-12 | $109,419 |
| 12 | Scid Angels For Life Inc, Scid Angels For Life Foundation | 6923 Lacy Dr, Lakeland, FL 33813-5663 | FL | 2008-09 | $82,570 |
| 13 | Thin Blue Line Foundation Of Florida Inc | 13012 Meadowbreeze Dr, Wellington, FL 33414-8062 | FL | 2011-08 | $64,920 |
| 14 | Kira Foundation Inc | 10600 Chevrolet Way Suite 106, Estero, FL 33928-4421 | FL | 2013-09 | $60,965 |
| 15 | South Florida Maritime Lions Foundation Inc, No No | 1169 Peregrine Way, Weston, FL 33327 | FL | 2012-10 | $52,561 |
| 16 | Lights For Life Inc | 639 Dauphine Ave S, Lehigh Acres, FL 33974 | FL | 2008-06 | $36,697 |
| 17 | Cure For Blindness Inc, Cure For Blindness | 1680 Michigan Ave Ste 700, Miami Beach, FL 33139-2551 | FL | 2010-04 | $34,267 |
| 18 | Torretta Foundation Inc | 7322 Sw 54th Ct, Miami, FL 33143-5702 | FL | 2004-01 | $33,053 |
| 19 | Tampa Bay Hepatitis & Liver Support Group Inc, The Chance Center | 5047 Central Ave, Saint Petersburg, FL 33710 | FL | 2001-07 | $30,989 |
| 20 | Childrens Aids Foundation Of Tampa Bay Inc | 4726 Sunrise Drive S, Saint Petersburg, FL 33705 | FL | 2007-08 | $25,523 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 1,359 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Gitlitz Family Foundation »
Non-representatives - add comments about Gitlitz Family Foundation»