Ruane Family Foundation Inc in Cedar Knolls, 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
- Organizations performing similar types of work
| Ruane Family Foundation Inc | |
| Employer Identification Number (EIN) | 223516143 |
| Name of Organization | Ruane Family Foundation Inc |
| In Care of Name | Sjm & Associates Pc |
| Address | 14 Ridgedale Ave, Cedar Knolls, NJ 07927-1106 |
| Activities | Supplying money, goods or services to the poor |
| Subsection | Charitable Organization |
| Ruling Date | 06/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $17,354 |
| Amount of Income | $172 |
| Form 990 Revenue Amount | $2,732 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2012: $172 (it was $11,788 in 2011)
| This organization: | $172 |
| Other organizations performing similar types of work: | $124,396 |
Assets in 2012: $17,354 (it was $17,207 in 2011)
| This organization: | $17,354 |
| Other organizations performing similar types of work: | $313,863 |
Expenses in 2012: $25
| This organization: | $25 |
| Other organizations performing similar types of work: | $64,100 |
Income to expenses ratio in 2012: 6.9
| Ruane Family Foundation Inc: | 6.9 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 0.6% |
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 | $172 | $172 | $172 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $10 | |||
| Dividends and interest from securities | $162 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $25 | $0 | $0 | $25 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $25 | $0 | $25 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $147 | |||
| Net investment income | $172 | |||
| Adjusted net income | $172 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $17,354 | $19,102 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $6,758 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $10,596 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $17,354 | |
| 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 | $3 |
| Total credits and payments | $106 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $106 |
| 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 | $103 |
| Amount to be credited to 2013 estimated tax | $103 |
| 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 | $29,112 |
| Net value of noncharitable-use assets | $28,680 |
| Minimum investment return | $1,434 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,431 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,431 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tony Patino Fellowship Trust 783352 | PO BOX 1297, New York, NY 10008-1297 | NY | 1997-10 | $1,573,984 |
| 2 | The Essex Fells Foundation For Educational Excellence Inc | PO BOX 174, Essex Fells, NJ 07021-0174 | NJ | 1995-02 | $118,575 |
| 3 | The Jeremiah And Yolanda Ciancia Family Foundation | 574 Grand Ave, Englewood, NJ 07631-4904 | NJ | 1998-08 | $49,492 |
| 4 | Thomas H Hamilton Foundation Inc | 223 Buffalo Ave, Egg Harbor Cy, NJ 08215-1923 | NJ | 1997-06 | $40,801 |
| 5 | Jersey Wahoos Foundation Inc, German G Burton Ttee | 4101 Church Rd, Mount Laurel, NJ 08054-2201 | NJ | 1998-05 | $24,692 |
| 6 | S M Terry And Rosalie Lacorte Family Foundation Inc | 137 Country Ln, Clifton, NJ 07013-3832 | NJ | 1997-10 | $8,317 |
| 7 | Ruane Family Foundation Inc | 14 Ridgedale Ave, Cedar Knolls, NJ 07927-1106 | NJ | 1998-06 | $172 |
| 8 | Brigantine Education Foundation Inc | 301 E Evans Blvd, Brigantine, NJ 08203-3424 | NJ | 1998-12 | $49 |
| 9 | Bill Weinheimer Memorial Scholarship Fund Inc | 103 Highgate Ter, Bergenfield, NJ 07621-3921 | NJ | 1998-12 | $0 |
| 10 | Charity Fund For Trenton Of The Merchants Assoc Of Downtown Trento | 149 N Broad St, Trenton, NJ 08608-1303 | NJ | 1995-11 | $0 |
| 11 | District 16b Charitable Foundation Inc | 33 Woodview Dr, Whiting, NJ 08759 | NJ | 1998-03 | $0 |
| 12 | Gibbsboro Educational Foundation Inc | PO BOX 601, Hammonton, NJ 08037-0601 | NJ | 1997-11 | $0 |
| 13 | Irene P Conklin Memorial Fund A New Jersey Non-Profit Corporation | 295 Burnt Meadow Road, Ringwood, NJ 07456 | NJ | 1996-07 | $0 |
| 14 | Lorna W Reynolds Childrens Development Fund Inc | 378 Warwick Ave, South Orange, NJ 07079-2445 | NJ | 1993-03 | $0 |
| 15 | North Brunswick Educational Foundation Incorporated | 32 Lake Drive, North Brunswick, NJ 08902 | NJ | 1997-05 | $0 |
| 16 | Readington Athletic Booster Club Inc | PO BOX 19, Whitehouse Sta, NJ 08889 | NJ | 1998-05 | $0 |
| 17 | Rotary Club Of Spring Lake-Brielle Charitable Foundation | PO BOX 458, Spring Lake, NJ 07762 | NJ | 1998-05 | $0 |
| 18 | The Baby Joey Foundation Helping Hands For Children Inc | 170 Glen Ave, Norwood, NJ 07648-1740 | NJ | 1996-01 | $0 |
| 19 | The Barbara L Gladysiewicz Memorial Fund | 2003 Morris Ave, Union, NJ 07083-6013 | NJ | 1994-01 | $0 |
| 20 | The Morris County Preservation Fund Inc | PO BOX 382, Mount Tabor, NJ 07878-0382 | NJ | 1995-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,101 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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