The High Q Foundation Inc in Roseland, 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
| The High Q Foundation Inc | |
| Employer Identification Number (EIN) | 020537670 |
| Name of Organization | The High Q Foundation Inc |
| In Care of Name | Kenneth J Slutsky |
| Address | 65 Livingston Ave, Roseland, NJ 07068-1725 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2013 |
| 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 | $27,283,538 |
| Amount of Income | $19,893,232 |
| Form 990 Revenue Amount | $11,819,729 |
| National Taxonomy of Exempt Entities (NTEE) | Science and Technology Research Institutes, Services: Science and Technology Research Institutes, Services (Not Elsewhere Classified) |
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 | $21,510,937 | $-189,063 | $0 | |
| Contributions, gifts, grants, etc., received | $21,700,000 | |||
| Interest on savings and temporary cash investments | $23 | |||
| Dividends and interest from securities | $1,230 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-190,316 | |||
| Total expenses and disbursements | $9,986,386 | $0 | $0 | $9,986,286 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $9,986,386 | $0 | $9,986,286 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $11,524,551 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $19,554,130 | $19,435,810 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $2,018,786 | |
| Other | $17,535,344 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $19,554,130 | |
| 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 | $0 |
| Total credits and payments | $20,616 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $20,616 |
| 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 | $20,616 |
| Amount to be credited to 2013 estimated tax | $20,616 |
| 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? | Yes |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| 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? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $19,765,260 |
| Net value of noncharitable-use assets | $19,468,780 |
| Minimum investment return | $973,439 |
| Distributable Amount (for 2012) | |
| Distributable amount | $973,439 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $973,439 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
Divine House Of Deliverance in Atlantic City, NJ
  |
|
Ezras Dovid in Lakewood, NJ
|
| Vanech Family Foundation in Morristown, NJ |
|
Visiting Health Services Of Union County Inc in Westfield, NJ
|
| Robert J And Elaine Ciatto Family Foundation Inc in Morristown, NJ |
|
Christian Breakthrough Fellowship International Ministries in Union, NJ
|
Ruesch Family Foundation in Pennington, NJ
 |
| Indian American Senior Citizen Association Inc in Clifton, NJ |
|
Association Of Independent Contractor Bus Drivers in Paterson, NJ
|
|
Jersey Shore Baseball Association in Tuckerton, NJ
|
| Other organizations in New Jersey | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Myasthenia Gravi9s Foundation Of America Inc, Garden State Chapter | PO BOX 4258, Wayne, NJ 07474-4258 | NJ | 1955-10 | $111,325 |
| 2 | The Georgian Society | 19 Union St, New Brunswick, NJ 08901-1114 | NJ | 1991-05 | $24,950 |
| 3 | The Grand Slam We Care Foundation Inc | 1 Thunder Rd, Trenton, NJ 08611-3425 | NJ | 1999-09 | $170,587 |
| 4 | The Great Egg Harbor Watershed Association A New Jersey Not For | PO BOX 109, Newtonville, NJ 08346-0109 | NJ | 1990-08 | $122,363 |
| 5 | The Greenwich Backcountry Land Trust Inc | PO BOX 496, Carlstadt, NJ 07072-0496 | NJ | 2003-01 | $1 |
| 6 | The Greenwood Gardens & Nature | 274 Old Short Hills Rd, Short Hills, NJ 07078-2100 | NJ | 2003-07 | $1,618,392 |
| 7 | The Haberman Foundation | 59 Main St, W Orange, NJ 07052-5341 | NJ | 1988-03 | $11,915 |
| 8 | The Haitian League A New Jersey Non-Profit Organization | 22 Ball Street, Irvington, NJ 07111-3521 | NJ | 2004-10 | $208,870 |
| 9 | The Heritage Trail Association Inc | 941 East Main Street, Bridgewater, NJ 08807 | NJ | 1994-12 | $25,783 |
| 10 | The Herman Kaye Charitable Foundation | 900 Main St, Hackensack, NJ 07601-4908 | NJ | 1983-08 | $426,990 |
| 11 | The High Q Foundation Inc | 65 Livingston Ave, Roseland, NJ 07068-1725 | NJ | 2002-09 | $19,893,232 |
| 12 | The Hillsborough Elementary School Home And School Association | 435 Rte 206, Hillsborough, NJ 08844-1527 | NJ | 1992-01 | $68,203 |
| 13 | The Hirair And Anna Hovnanian Foundation Inc | 4000 Route 66, Tinton Falls, NJ 07753-7300 | NJ | 1987-01 | $51,056,068 |
| 14 | The Home & School Association Of Fairfield Inc | 15 Knoll Rd, Fairfield, NJ 07004-1211 | NJ | 1993-08 | $129,879 |
| 15 | The Home Team Inc | 1200 Atlantic Avenue, Atlantic City, NJ 08401-7327 | NJ | 1995-06 | $5,000 |
| 16 | The Honickman Charitable Fund | 8275 Route 130, Pennsauken, NJ 08110-1435 | NJ | 1999-03 | $5,460,720 |
| 17 | The Institute For Children With Cancer And Blood Disorders A Non-, Embrace Kids Foundation | 121 Somerset St, New Brunswick, NJ 08901-1945 | NJ | 1992-12 | $2,080,533 |
| 18 | The Institute For Psychoanalysis And Psychotherapy Inc | Fdu Dept Of Psych M-Ab2-01, Madison, NJ 07940 | NJ | 1989-10 | $52,990 |
| 19 | Family Promise Of Hunterdon County Inc | 10 E Main St, Flemington, NJ 08822-1208 | NJ | 1991-02 | $574,952 |
| 20 | The Jersey Surf A New Jersey Non-Profit Corporation | 34 Mill St, Mount Holly, NJ 08060-1804 | NJ | 1993-10 | $553,617 |
Organization representatives - add corrected or new information about The High Q Foundation Inc »
Non-representatives - add comments about The High Q Foundation Inc»