Swenson Fam Foundation, Swenson Gary L Ttee in Morganville, 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
| Swenson Fam Foundation, Swenson Gary L Ttee | |
| Employer Identification Number (EIN) | 061442402 |
| Name of Organization | Swenson Fam Foundation |
| Secondary Name | Swenson Gary L Ttee |
| In Care of Name | Sam |
| Address | 1128 Campus Dr, Morganville, NJ 07751-1261 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,062,541 |
| Amount of Income | $561,313 |
| Form 990 Revenue Amount | $157,559 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $561,313 (it was $1,385,421 in 2012)
| Swenson Fam Foundation, Swenson Gary L Ttee: | $561,313 |
| Other organizations performing similar types of work: | $153,770 |
Assets in 2013: $2,062,541 (it was $1,961,623 in 2012)
| This organization: | $2,062,541 |
| Other organizations performing similar types of work: | $516,948 |
Expenses in 2012: $137,994
| This organization: | $137,994 |
| Other organizations performing similar types of work: | $60,348 |
Income to expenses ratio in 2012: 4.1
| Swenson Fam Foundation, Swenson Gary L Ttee: | 4.1 |
| Other organizations performing similar types of work: | 2.2 |
Grants share in income in 2012: 4.6%
| Swenson Fam Foundation, Swenson Gary L Ttee: | 4.6% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2012
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 | $389,103 | $365,034 | $0 | |
| Contributions, gifts, grants, etc., received | $18,044 | |||
| Interest on savings and temporary cash investments | $24 | |||
| Dividends and interest from securities | $19,888 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $6,025 | |||
| Other | $345,122 | |||
| Total expenses and disbursements | $137,994 | $15,931 | $0 | $119,670 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $18,454 | $15,931 | $130 | |
| Contributions, gifts, grants paid | $119,540 | |||
| Excess of revenue over expenses and disbursements | $251,109 | |||
| Net investment income | $349,103 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,961,623 | $2,049,813 |
| Cash - non-interest-bearing | $31,295 | |
| Investments-U.S. and state government obligations | $15,013 | |
| Investments-corporate stock | $1,882,539 | |
| Investments-corporate bonds | $11,933 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $20,843 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,961,623 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $345,122 |
| 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 | $6,982 |
| Total credits and payments | $11,040 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,040 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $9,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $4,058 |
| Amount to be credited to 2013 estimated tax | $4,058 |
| 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 | $2,057,497 |
| Net value of noncharitable-use assets | $2,026,640 |
| Minimum investment return | $101,332 |
| Distributable Amount (for 2012) | |
| Distributable amount | $94,350 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $94,350 |
| 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 | Hellen Ingram Plummer Charitable Foundation Inc | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 1995-10 | $5,500,187 |
| 2 | Kreitchman Family Foundation Inc | 62 Crest Dr, South Orange, NJ 07079-1037 | NJ | 1997-09 | $3,836,961 |
| 3 | Fred C Rummel Foundation | 101 Jfk Pkwy, Short Hills, NJ 07078-2716 | NJ | 1997-04 | $3,410,485 |
| 4 | Abrams Family Foundation Inc | 23 Christopher Way, Eatontown, NJ 07724-3335 | NJ | 1995-03 | $1,817,899 |
| 5 | Yin-Shun Foundation | 67 Lawrence Rd, Lafayette, NJ 07848-3018 | NJ | 1997-06 | $1,432,380 |
| 6 | Armour-Lewis Foundation, Lewis Warren Lloyd Ttee | 3 Gateway Center 100 Mulberry St, Newark, NJ 07102 | NJ | 1998-07 | $1,319,119 |
| 7 | Sierra Foundation Inc | 33 Witherspoon St Apt 3, Princeton, NJ 08542-3209 | NJ | 1996-12 | $701,439 |
| 8 | Swenson Fam Foundation, Swenson Gary L Ttee | 1128 Campus Dr, Morganville, NJ 07751-1261 | NJ | 1996-02 | $561,313 |
| 9 | Cannstatter Foundation Inc | C/O J Pfeifer 282 Barnstable Drive, Wyckoff, NJ 07481 | NJ | 1996-09 | $454,174 |
| 10 | Thomas Charitable Foundation Tr Ua, Thomas Wilmer J Jr Ttee | PO BOX 93, Berkeley Hts, NJ 07922-0093 | NJ | 1997-08 | $428,273 |
| 11 | Bernard & Dorothy Hamstra Charitable Foundation | 629 Saint Marks Ave, Westfield, NJ 07090-1345 | NJ | 1995-02 | $343,989 |
| 12 | John And Nancy Sykes Foundation Incorporated | 102 S 21st Ave, Longport, NJ 08403-1133 | NJ | 1995-05 | $244,639 |
| 13 | Carver Delaney Families Foundation Inc | 105 Stewart Rd, Short Hills, NJ 07078-1923 | NJ | 1998-01 | $167,051 |
| 14 | New World Gospel Mission Incorporation | 272 8th St, Palisades Pk, NJ 07650-2029 | NJ | 1997-05 | $76,048 |
| 15 | Zaro Foundation Inc | PO BOX 1139, Oakhurst, NJ 07755-2139 | NJ | 1998-02 | $40,032 |
| 16 | Schiff Family Charitable Foundation Inc | 1530 Palisades Avenue, Fort Lee, NJ 07024-5471 | NJ | 1996-03 | $2,500 |
| 17 | Louis & Helen Meyer Foundation Inc | 190 Oberlin Ave N, Lakewood, NJ 08701-4266 | NJ | 1995-11 | $2,000 |
| 18 | Vahak And Paris Hasmig Hovnanian Foundation Inc | 1 Dag Hammarskjold Blvd Ste 12, Freehold, NJ 07728-5222 | NJ | 1996-05 | $1,636 |
| 19 | Hammonton High School National Honor Society Alumni Foundation | 215 Winding Way, Hammonton, NJ 08037 | NJ | 1997-08 | $0 |
| 20 | Zsi Foundation Inc | 1230 Blackwood Clementon Rd, Clementon, NJ 08021-5632 | NJ | 1996-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 740 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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