Frank J Gallo Memorial Fund in Gladstone, New Jersey (NJ)
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 Jersey
| Frank J Gallo Memorial Fund | |
| Employer Identification Number (EIN) | 226185103 |
| Name of Organization | Frank J Gallo Memorial Fund |
| Address | PO BOX 35, Gladstone, NJ 07934-0035 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1974 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $39,620 |
| Amount of Income | $108 |
| Form 990 Revenue Amount | $300 |
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 | $108 | $108 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $108 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $21,132 | $54 | $0 | $21,078 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $132 | $54 | $78 | |
| Contributions, gifts, grants paid | $21,000 | |||
| Excess of revenue over expenses and disbursements | $-21,024 | |||
| Net investment income | $54 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $39,620 | $39,620 |
| Cash - non-interest-bearing | $4,220 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $35,400 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $39,620 | |
| 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 | $1 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $1 |
| 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 | $54,518 |
| Net value of noncharitable-use assets | $53,700 |
| Minimum investment return | $2,685 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,684 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,684 |
| 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 New Jersey | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Family Development & Learning Center Of Mercer County | 68 Garfield Ave, Trenton, NJ 08609-1610 | NJ | 2004-04 | $1 |
| 2 | Family Options Inc, Family Options | 45 Riverside Ave, Red Bank, NJ 07701-1004 | NJ | 2010-06 | $253,022 |
| 3 | Federation Of Balkan American Associations Inc | 524 Clifton Ave Ste 6, Clifton, NJ 07011-3259 | NJ | 2009-08 | $1,735,120 |
| 4 | Fellowship Missionary Baptist Church Community Development Corp | 83 Elizabeth Ave, Newark, NJ 07108 | NJ | 2007-06 | $0 |
| 5 | Fetal Medicine Foundation Of America Inc | 100 Old Palisade Rd Apt 2906, Fort Lee, NJ 07024-7023 | NJ | 2003-06 | $67,000 |
| 6 | Fifth District Ahepa Cancer Research Foundation Inc | 305 Worth St, Brick, NJ 08724-3446 | NJ | 1989-09 | $68,164 |
| 7 | First Unitarian Society Of Plainfield | 724 Park Ave, Plainfield, NJ 07060-1614 | NJ | 1983-11 | $0 |
| 8 | Focus On Caring Organization | 441 Hunter Ave, Scotch Plains, NJ 07076-1619 | NJ | 2009-07 | $0 |
| 9 | Food Closet West Unity Plus Inc | 770 N Maryland Ave Apt A, Atlantic City, NJ 08401 | NJ | 2010-03 | $0 |
| 10 | Foundation For Healthsmart Consumers Inc | 155 Pompton Ave, Verona, NJ 07044-2942 | NJ | 2010-12 | $50,000 |
| 11 | Frank J Gallo Memorial Fund | PO BOX 35, Gladstone, NJ 07934-0035 | NJ | 1974-02 | $108 |
| 12 | Fraternal Order Of Police 78 Mount Arlington Lodge | PO BOX 451, Mount Arlington, NJ 07856 | NJ | 1952-10 | $31,747 |
| 13 | Friend Family Foundation Inc | 234 Industrial Pkwy, Northvale, NJ 07647-2219 | NJ | 2005-12 | $1 |
| 14 | Friends Of Mindowaskin Park Inc | PO BOX 87, Westfield, NJ 07091-0087 | NJ | 1992-05 | $10,477 |
| 15 | Friends Of Southern Ocean County Animal Shelter Inc | PO BOX 818, Barnegat Lgt, NJ 08006-0818 | NJ | 2013-12 | $131,206 |
| 16 | Friends Of The Bloomfield Animal Shelter Inc | PO BOX 2267, Bloomfield, NJ 07003-9067 | NJ | 2002-09 | $20,616 |
| 17 | Friends Of The Medford Cultural Arts Commission | 12 Maine Trail, Medford, NJ 08055 | NJ | 1999-09 | $51,078 |
| 18 | Friends Of The Newark Public Library Inc | 5 Washington St, Newark, NJ 07102-3105 | NJ | 1992-01 | $28,184 |
| 19 | Friends Of The South Brunswick Public Library Inc | 110 Kingston Ln, Monmouth Jct, NJ 08852-3005 | NJ | 2007-04 | $24,565 |
| 20 | Fundacion San Jose | 65 Altamawr Ave, Lawrenceville, NJ 08648-3805 | NJ | 2010-02 | $34,024 |
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