Markowitz Family Foundation in Clifton, 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
| Markowitz Family Foundation | |
| Employer Identification Number (EIN) | 134035030 |
| Name of Organization | Markowitz Family Foundation |
| In Care of Name | Eugene Markowitz |
| Address | 1155 Bloomfield Ave, Clifton, NJ 07012-2308 |
| Subsection | Charitable Organization |
| Ruling Date | 04/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $277,207 |
| Amount of Income | $436,036 |
| Form 990 Revenue Amount | $99,212 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Human Service Organizations - Multipurpose |
Non-representatives - add comments:
Revenue 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 | $265,814 | $14,268 | $0 | |
| Contributions, gifts, grants, etc., received | $251,546 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $127 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $14,141 | |||
| Total expenses and disbursements | $178,442 | $0 | $0 | $178,442 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $178,442 | |||
| Excess of revenue over expenses and disbursements | $87,372 | |||
| Net investment income | $14,268 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $277,207 | $275,207 |
| Cash - non-interest-bearing | $92,717 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $184,490 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $277,207 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $14,141 |
| 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 | $143 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $143 |
| 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 | $233,668 |
| Net value of noncharitable-use assets | $230,160 |
| Minimum investment return | $11,508 |
| Distributable Amount (for 2012) | |
| Distributable amount | $11,365 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $11,365 |
| 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 | Mark & Nina Feldman Family Foundation | 225 Millburn Avenue, Millburn, NJ 07041-1737 | NJ | 1987-02 | $662,644 |
| 2 | Mark A Elardo Family Foundation Inc | One Riverfront Plaza, Newark, NJ 07102-5418 | NJ | 2002-06 | $5,071 |
| 3 | Mark A Sirolli Scholarship Fund, Sirolli Margaret | 504 Fleming Pike, Hammonton, NJ 08037-2525 | NJ | 2006-07 | $16,593 |
| 4 | Mark Abrams Memorial Foundation | PO BOX 88, Oakhurst, NJ 07755-0088 | NJ | 2001-12 | $173 |
| 5 | Mark And Elyssa Dickstein Foundation, Dickstein Mark & Elyssa Ttees | 55 Madison Ave Ste 400, Morristown, NJ 07960-7397 | NJ | 1998-07 | $25 |
| 6 | Mark Family Foundation A New Jersey Nonprofit Corporation | 3 Chesapeake Ct, Princeton Jct, NJ 08550-2212 | NJ | 2000-04 | $5,273 |
| 7 | Markeim Art Center Inc | Lincoln Avenue And Walnut St, Haddonfield, NJ 08033 | NJ | 1956-06 | $97,007 |
| 8 | Market Street Mission Inc | 9 Market St, Morristown, NJ 07960-5122 | NJ | 1951-02 | $0 |
| 9 | Marketcounsel Foundation Inc | 61 W Palisade Ave, Englewood, NJ 07631-2706 | NJ | 2006-12 | $27,481 |
| 10 | Markey Family Foundation | PO BOX 1997, Morristown, NJ 07962-1997 | NJ | 2002-05 | $1,404,443 |
| 11 | Markowitz Family Foundation | 1155 Bloomfield Ave, Clifton, NJ 07012-2308 | NJ | 1999-04 | $436,036 |
| 12 | Marks Foundation Tr 071901, Friedman Louis Ttee | 855 Valey Road, Clifton, NJ 07013-2441 | NJ | 2002-02 | $58,481 |
| 13 | Marlboro Basketball Booster Club Inc | 31 Meadow Ln, Marlboro, NJ 07746-1688 | NJ | 2009-06 | $83,035 |
| 14 | Marlboro Community Players Inc | PO BOX 341, Marlboro, NJ 07746-0341 | NJ | 1991-02 | $10,806 |
| 15 | David C Abbott Early Learning Center Pto Inc | 171 Tennent Rd, Morganville, NJ 07751-2621 | NJ | 2003-08 | $46,563 |
| 16 | Marlboro Educational Foundation Incorporated | 1980 Township Dr, Marlboro, NJ 07746-2247 | NJ | 2000-07 | $5,720 |
| 17 | Marlboro Elementary School Parent Teacher Organization Inc | 100 School Rd W, Marlboro, NJ 07746-1583 | NJ | 2007-09 | $58,623 |
| 18 | Marlboro First Aid & Rescue Squad Inc | PO BOX 128, Marlboro, NJ 07746-0128 | NJ | 1973-01 | $112,928 |
| 19 | Marlboro Improvement & Cultural Fund Inc | 12 Hobart St, Marlboro, NJ 07746 | NJ | 1998-02 | $62,318 |
| 20 | Marlboro Middle School P T O Incorporated | 355 County Road 520, Marlboro, NJ 07746-1057 | NJ | 1992-03 | $13,115 |
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