Mortimer Levitt Foundation Inc in Hamburg, 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
| Mortimer Levitt Foundation Inc | |
| Employer Identification Number (EIN) | 136204678 |
| Name of Organization | Mortimer Levitt Foundation Inc |
| In Care of Name | Levitt Properties |
| Address | 106 Quarry Rd, Hamburg, NJ 07419-1341 |
| Activities | Gifts, grants, or loans to other organizations, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 07/1966 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 02/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $44,788,433 |
| Amount of Income | $22,913,142 |
| Form 990 Revenue Amount | $1,569,711 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $2,595,531 | $3,333,744 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,487,624 | |||
| Gross rents | $1,647,601 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $198,519 | |||
| Total expenses and disbursements | $4,753,509 | $1,071,503 | $0 | $2,162,219 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,774,317 | $1,071,503 | $183,027 | |
| Contributions, gifts, grants paid | $1,979,192 | |||
| Excess of revenue over expenses and disbursements | $-2,157,978 | |||
| Net investment income | $2,262,241 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $45,226,328 | $45,698,803 |
| Cash - non-interest-bearing | $13,028 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $26,704,815 | |
| Investments-corporate bonds | $250,000 | |
| Investments-mortgage loans | $3,919,797 | |
| Investments-other | $2,546,925 | |
| Other | $11,791,763 | |
| Total liabilities | $8,116 | |
| Mortgages and other notes payable | $0 | |
| Other | $8,116 | |
| Total liabilities and net assets/fund balances | $45,218,212 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-738,213 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $45,245 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $1,191 |
| Tax due | $46,436 |
| Overpayment | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | Yes |
| 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $45,765,486 |
| Net value of noncharitable-use assets | $45,079,000 |
| Minimum investment return | $2,253,950 |
| Distributable Amount (for 2011) | |
| Distributable amount | $2,208,705 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $2,208,705 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $1,223,357 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Morristown Meals On Wheels Inc | Po Box 1706, Morristown, NJ 07960 | NJ | 1986-07 | $45,228 |
| 2 | Morristown Neighborhood House Association Inc | 62 Elm St, Morristown, NJ 07960-4110 | NJ | 1953-05 | $1,597,964 |
| 3 | Morristown Partners Inc, Morristown Partnership | 14 Maple Ave Ste 201, Morristown, NJ 07960-5451 | NJ | 1996-05 | $1,006,203 |
| 4 | Morristown Rotary Club Endowment Fund Inc | 19 Cattano Ave, Morristown, NJ 07960-6839 | NJ | 1994-08 | $118,308 |
| 5 | Morristown Wildcats Football Club Inc | PO BOX 1513, Morristown, NJ 07962-1513 | NJ | 2009-07 | $101,944 |
| 6 | Morrow Housing Corporation | 986 S Broad St, Trenton, NJ 08611-2008 | NJ | 1982-10 | $21,840 |
| 7 | Morse Lakes Property Owners Association Inc | 37 Ridge Rd, Bloomingdale, NJ 07403-1917 | NJ | 1976-06 | $89,232 |
| 8 | Mortgage Bankers Association Of N J | 385 Morris Ave, Springfield, NJ 07081-1151 | NJ | 1967-12 | $915,241 |
| 9 | Mortgage Bankers Association Of New Jersey Educational Foundation | 1460 Us Highway 9 N Ste 301, Woodbridge, NJ 07095-1400 | NJ | 1965-04 | $115 |
| 10 | Mortimer J Harrison Trust Uw Art 11a, Lashinsky Arhtur Ttee | 399 Thornall Street, Edison, NJ 08837-2236 | NJ | 1996-01 | $5,929,812 |
| 11 | Mortimer Levitt Foundation Inc | 106 Quarry Rd, Hamburg, NJ 07419-1341 | NJ | 1966-07 | $22,913,142 |
| 12 | Morton H Derchin Charitable Foundation | C/O M Derchin 113 Kensington Dr, Fort Lee, NJ 07024 | NJ | 1999-10 | $1,000 |
| 13 | Mosaic Dance Theater Company Inc | 7 Columbus Ave, Glen Ridge, NJ 07028-1709 | NJ | 2006-03 | $28,021 |
| 14 | Mosakowski Family Charitable Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 2005-11 | $33,870,077 |
| 15 | Mosberg Family Foundation Inc | 1163 Rt 22, Mountainside, NJ 07092-2807 | NJ | 1999-05 | $200 |
| 16 | Moshe Aaron Gemelat Chessed Fund Corp | 46 Lydecker St, Englewood, NJ 07631-3005 | NJ | 2014-09 | $25,622 |
| 17 | Most Rev Joseph M Sullivan Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 2001-01 | $173,168 |
| 18 | Most Worshipful Garden State Grand Lodge A F And A M, Accepted Masons Of The States Of | 883 Sanford Ave, Irvington, NJ 07111-1511 | NJ | 1997-10 | $89,240 |
| 19 | Most Worshipful Prince Hall F And Am Of New Jersey, 15 King David Lodge | 81 Bellevue Ave, Trenton, NJ 08618-4762 | NJ | 1993-06 | $20,984 |
| 20 | Most Worshipful Prince Hall F And Am Of New Jersey, 17 Progressive | 186 Hale St, New Brunswick, NJ 08901-2674 | NJ | 1993-06 | $19,531 |
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