Sondik Foundation Incorporated in West Palm 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
- Other organizations in Florida
| Sondik Foundation Incorporated | |
| Employer Identification Number (EIN) | 066064179 |
| Name of Organization | Sondik Foundation Incorporated |
| Address | C/O Steven Perelman 550 Okeechobee, West Palm Beach, FL 33401 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 09/1963 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $173,566 |
| Amount of Income | $38,839 |
| Form 990 Revenue Amount | $6,461 |
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 | $7,638 | $7,638 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $6,342 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1,296 | |||
| Total expenses and disbursements | $12,588 | $1,950 | $0 | $10,575 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,588 | $1,950 | $575 | |
| Contributions, gifts, grants paid | $10,000 | |||
| Excess of revenue over expenses and disbursements | $-4,950 | |||
| Net investment income | $5,688 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $177,650 | $169,118 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $98,118 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $66,718 | |
| Other | $12,814 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $177,650 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,296 |
| 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 | $57 |
| Total credits and payments | $112 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $112 |
| 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 | $55 |
| Amount to be credited to 2013 estimated tax | $55 |
| 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 | $158,141 |
| Net value of noncharitable-use assets | $155,760 |
| Minimum investment return | $7,788 |
| Distributable Amount (for 2012) | |
| Distributable amount | $7,731 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $7,731 |
| 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 Florida | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Solomon Level 8 Foundation | 4925 W Bay Way Pl, Tampa, FL 33629-4833 | FL | 1999-01 | $15,066 |
| 2 | Solomon Memorial Fund Hebrew Benevolent Congregation | PO BOX 1908, Orlando, FL 32802-1908 | FL | 1968-11 | $56,497 |
| 3 | Solutions Ministries Inc | 1809 Scirocco Loop, Ft Walton Bch, FL 32547-7009 | FL | 2008-06 | $259,530 |
| 4 | Solutions To Avoid Red Tide Inc | PO BOX 784, Sarasota, FL 34230-0784 | FL | 1997-03 | $118,715 |
| 5 | Some Place Special Inc | P O Box 14954, Clearwater, FL 33766 | FL | 2011-05 | $12,236 |
| 6 | Somer Thompson Foundation Inc, Somer Thompson Foundation | 175 Cypress Blvd E, Homosassa, FL 34446-4838 | FL | 2010-09 | $58 |
| 7 | Somerset Academy Inc | 6340 Sunset Dr, Miami, FL 33143-4836 | FL | 1998-01 | $98,268,792 |
| 8 | Somerset Ptso, Spac | 20801 Johnson St, Pembroke Pnes, FL 33029-1916 | FL | 2005-03 | $23,952 |
| 9 | Sommers Family Foundation, Arthur J Sommers Ttee | PO BOX 216, Sanibel, FL 33957-0216 | FL | 2008-03 | $1,167,437 |
| 10 | Sonbeam Via De Cristo Inc | P O Box 2582, Pinellas Park, FL 33780-2582 | FL | 1994-11 | $0 |
| 11 | Sondik Foundation Incorporated | C/O Steven Perelman 550 Okeechobee, West Palm Beach, FL 33401 | FL | 1963-09 | $38,839 |
| 12 | Sonhaven Preparatory Academy Inc | PO BOX 50517, Sarasota, FL 34232-0304 | FL | 2006-09 | $414,071 |
| 13 | Sonkin Family Foundation | 32 Saint Thomas Dr, Palm Bch Gdns, FL 33418-4598 | FL | 1997-01 | $128,118 |
| 14 | Sons Of Confederate Veterans Inc | Po Box 303, Quincy, FL 32353 | FL | 2007-08 | $35,600 |
| 15 | Sons Of Italy In America, 1251 La Nuova Sicilia Unita | 3315 W Lemon St, Tampa, FL 33609-1431 | FL | 1991-07 | $185,101 |
| 16 | Sons Of Italy In America | 8433 Nw 1st Street, Coral Springs, FL 33071 | FL | 1991-07 | $0 |
| 17 | Sons Of Italy In America, 2422 Joseph B Franzalia | 808 South Dr, Ft Walton Bch, FL 32547-2253 | FL | 1986-05 | $76,295 |
| 18 | Sons Of Italy In America, 2427 John Paul I | 844 5th Ave, St Petersburg, FL 33701-4532 | FL | 1941-06 | $126,443 |
| 19 | Sons Of Italy In America | PO BOX 5838, Key West, FL 33045 | FL | 1991-07 | $75,195 |
| 20 | Sons Of Italy In America, 2594 Port St Lucie | 765 Sw Dalton Cir, Port St Lucie, FL 34953-5800 | FL | 1986-05 | $149,586 |
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