Norman D Cohen Family Foundation in 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
| Norman D Cohen Family Foundation | |
| Employer Identification Number (EIN) | 042770997 |
| Name of Organization | Norman D Cohen Family Foundation |
| In Care of Name | Carlin Charron & Rosen Llp |
| Address | 2000 S Ocean Boulevard, Palm Beach, FL 33480-5206 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| 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 | $329,609 |
| Amount of Income | $37,410 |
| Form 990 Revenue Amount | $11,660 |
Non-representatives - add comments:
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 | $8,681 | $8,681 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $8,681 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $14,915 | $1,000 | $0 | $13,915 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,000 | $1,000 | $1,000 | |
| Contributions, gifts, grants paid | $12,915 | |||
| Excess of revenue over expenses and disbursements | $-6,234 | |||
| Net investment income | $7,681 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $344,713 | $339,730 |
| Cash - non-interest-bearing | $202,542 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $10,000 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $132,171 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $344,713 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $154 |
| Total credits and payments | $4,434 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $4,434 |
| 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 | $4,280 |
| Amount to be credited to 2013 estimated tax | $4,280 |
| 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 | $343,951 |
| Net value of noncharitable-use assets | $338,800 |
| Minimum investment return | $16,940 |
| Distributable Amount (for 2012) | |
| Distributable amount | $16,786 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $16,786 |
| 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 | Order Of The Sky Watcher Clan | 3415 Silverwood Dr, Pine Hills, FL 32808-2847 | FL | 2002-03 | $5,996 |
| 2 | Order Sons Of Italy Florida Foundation | 5438 Nw 45th Way, Coconut Creek, FL 33073-5007 | FL | 1988-09 | $48,798 |
| 3 | Ordinary Man Ministries | 3526 Horne Hollow Rd, Crestview, FL 32539-9122 | FL | 2008-01 | $11,511 |
| 4 | Vaccine And Gene Therapy Institute Of Florida Corp, Ohsu Vgti Florida Inc | 9801 Sw Discovery Way, Port St Lucie, FL 34987-2301 | FL | 2009-04 | $29,342,149 |
| 5 | Oliver Family Foundation, Oliver Curtis E Bonnie Etal Ttees | 761 Marbrisa River Ln, Vero Beach, FL 32963-4288 | FL | 2006-08 | $8,317 |
| 6 | Olivia R Gardner Foundation Inc | 402 Indies Dr, Vero Beach, FL 32963-9504 | FL | 2002-01 | $853,537 |
| 7 | Omega Arts Inc | 4987 Lakeland Harbor Blvd, Lakeland, FL 33805-3574 | FL | 2002-08 | $62,665 |
| 8 | Northwest Christian Ministries Inc, Faith Counseling And Training | 4032 Westminster Drive, Sarasota, FL 34241 | FL | 2005-08 | $0 |
| 9 | Officemax Charitable Foundation | 6600 N Military Trl, Boca Raton, FL 33496-2434 | FL | 2000-08 | $1,247,648 |
| 10 | Harmonic Science Institute Inc | 3800 Fowler St Ste 5, Fort Myers, FL 33901-2601 | FL | 1992-10 | $151 |
| 11 | Norman D Cohen Family Foundation | 2000 S Ocean Boulevard, Palm Beach, FL 33480-5206 | FL | 1982-12 | $37,410 |
| 12 | Nyce Family Foundation Dated June 52007 | 960 Cape Marco Dr Unit 2201, Marco Island, FL 34145-6353 | FL | 2008-02 | $536,558 |
| 13 | Okija Usa Inc | 13113 Sn 47th St, Miramar, FL 33027-3163 | FL | 2003-11 | $17,059 |
| 14 | The Flois And David J Landau Family Foundation, Landau Flois & David J Ttees | 10663 Ne Quaybridge Ct, Miami, FL 33138-2212 | FL | 1963-04 | $89,751 |
| 15 | One Laptop Per Child Association Inc, Negroponte Nicholas | 848 Brickell Ave Ste 1130, Miami, FL 33131-2943 | FL | 2007-07 | $42,081,374 |
| 16 | Open Hand Foundation Tr, Jordan Andrew Ttee | 4880 Coventry Ct, Vero Beach, FL 32967-7297 | FL | 2000-11 | $4 |
| 17 | Open Concept Gallery | 2109 Bayshore Blvd, Tampa, FL 33606-3155 | FL | 2007-09 | $583 |
| 18 | Nichols Foundation Inc | 9897 Lenox St, Clermont, FL 34711 | FL | 1924-10 | $7,491,481 |
| 19 | Open Doors An Amazing Grace Foundation | 337 Lake Evelyn Dr, West Palm Bch, FL 33411-2039 | FL | 2001-01 | $235,275 |
| 20 | Norman & Selma Maslow Foundation | C/O 209 Se 5th Avenue, Delray Beach, FL 33483 | FL | 1968-08 | $26,688 |
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