John Taylor Babbitt Foundation in Chatham, New Jersey (NJ)
Table of contents:
| John Taylor Babbitt Foundation | |
| Employer Identification Number (EIN) | 412216367 |
| Name of Organization | John Taylor Babbitt Foundation |
| In Care of Name | David Babbitt |
| Address | 72 Buxton Rd, Chatham, NJ 07928-1225 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $349,277 |
| Amount of Income | $132,843 |
| Form 990 Revenue Amount | $81,152 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $132,843 (it was $123,508 in 2012)
| John Taylor Babbitt Foundation: | $132,843 |
| Other organizations performing similar types of work: | $72,190 |
Assets in 2013: $349,277 (it was $361,779 in 2012)
| This organization: | $349,277 |
| Other organizations performing similar types of work: | $42,723 |
Expenses in 2013: $93,654
| John Taylor Babbitt Foundation: | $93,654 |
| Other organizations performing similar types of work: | $42,209 |
Income to expenses ratio in 2013: 1.4
| John Taylor Babbitt Foundation: | 1.4 |
| Other organizations performing similar types of work: | 0.4 |
Grants share in income in 2013: 29.9%
| This organization: | 29.9% |
| Other organizations performing similar types of work: | 4.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $72,311 | $98,780 | $81,152 |
| Contributions, gifts, grants, and similar amounts received | $74,123 | $24,150 | $24,232 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $2,672 | $1,762 | $3,783 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $35,000 |
| Less: cost or other basis and sales expenses | $0 | $0 | $35,000 |
| Net income/loss from gaming and fundraising events | $-5,068 | $72,868 | $53,137 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $9,207 | $97,596 | $69,828 |
| Less: direct expenses from gaming and fundraising events | $14,275 | $24,728 | $16,691 |
| Gross profit/loss from sales of inventory | $584 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $81,623 | $74,557 | $93,654 |
| Total net assets | $337,556 | $361,779 | $349,277 |
| Excess/Deficit for the year | $-9,312 | $24,223 | $-12,502 |
| Net assets or fund balances at beginning of year | $346,868 | $337,556 | $361,779 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $361,779 | $349,277 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $337,556 | $361,779 | $349,277 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $337,556 | $361,779 | $349,277 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $565,093 |
| Subtotal Support | $565,093 |
| Gifts, grants, contributions, and membership fees received | $565,093 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $579,460 |
| Public Support | $565,093 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $14,367 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Rotary International, South Hill Rotary Club | PO BOX 922, South Hill, VA 23970-0922 | VA | 2008-06 | $70,044 |
| 2 | Ruesch Family Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 2005-08 | $13,145,118 |
| 3 | W&s Charitable Foundation Inc | 500b Lake St, Ramsey, NJ 07446-1357 | NJ | 2009-06 | $1,234,063 |
| 4 | South Jersey Charitable Foundation | 601 White Horse Rd, Voorhees, NJ 08043-2401 | NJ | 1999-12 | $887,581 |
| 5 | Yeshivas Dvar Torah Inc | 7 Whispering Pines Ln, Lakewood, NJ 08701-1421 | NJ | 2000-06 | $811,401 |
| 6 | Nj Kkottongnae Inc | 424-426 Minton Pl, Orange, NJ 07050-2589 | NJ | 2010-09 | $297,664 |
| 7 | The Honor Legion Of The Police Departments Of The State Of Nj | PO BOX 734, Little Ferry, NJ 07643 | NJ | 2001-01 | $293,573 |
| 8 | Solow Family Foundation Inc | C/O Alan M Solow, Englewood, NJ 07631 | NJ | 1999-01 | $200,000 |
| 9 | Bryn Mawr-Wellesley Book Sale | PO BOX 565, Princeton, NJ 08542-0565 | NJ | 2010-07 | $197,608 |
| 10 | George C Chatzopoulos Fund | 33 Schwenker Pl, Fair Haven, NJ 07704-3014 | NJ | 2009-08 | $154,119 |
| 11 | Ed Lucas Foundation Inc | 2612 Hawthorne Ave, Union, NJ 07083-4928 | NJ | 2012-05 | $140,797 |
| 12 | 911 Concert Wind Memorial Concert Corp | 6 Aster Ct, Paramus, NJ 07652-1715 | NJ | 2013-11 | $136,295 |
| 13 | Sb Foundation Inc | 100 Enterprise Dr Ste 700, Rockaway, NJ 07866-2176 | NJ | 2005-02 | $111,736 |
| 14 | Wall Street Cares Inc | Panariello 95 Rte 17s Ste 300, Paramus, NJ 07652 | NJ | 2014-07 | $106,234 |
| 15 | Collyde Inc | 69 Brahma Ave, Bridgewater, NJ 08807-2758 | NJ | 2011-06 | $102,935 |
| 16 | Bourbon Street Blues Fest Inc | PO BOX 296, Califon, NJ 07830-0296 | NJ | 2010-02 | $101,272 |
| 17 | Innisfree Foundation Inc | 22 Hawthorne Ave, Glen Ridge, NJ 07028-2011 | NJ | 2013-12 | $100,050 |
| 18 | Atlantic Highlands Community Events Committee | PO BOX 488, Atlantic Hlds, NJ 07716-0488 | NJ | 2010-09 | $97,019 |
| 19 | 1st Lt Brian Brennan Stands Alone Foundation Inc | 10 Stratton Dr, Howell, NJ 07731-2345 | NJ | 2014-02 | $87,797 |
| 20 | Durga Tree International Inc | 100 W Main St, Ramsey, NJ 07446-1844 | NJ | 2014-08 | $81,548 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,544 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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