Abbe Berman Foundation Trust, Abbe Colman & Nancy Ttee in Scarsdale, New York (NY)
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
| Abbe Berman Foundation Trust, Abbe Colman & Nancy Ttee | |
| Employer Identification Number (EIN) | 137054887 |
| Name of Organization | Abbe Berman Foundation Trust |
| Secondary Name | Abbe Colman & Nancy Ttee |
| In Care of Name | Colman Abbe |
| Address | 26 Lawrence Rd, Scarsdale, NY 10583-7209 |
| Activities | School, college, trade school, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 06/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,942,680 |
| Amount of Income | $132,618 |
| Form 990 Revenue Amount | $47,618 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2011: $132,618 (it was $139,122 in 2010)
| Abbe Berman Foundation Trust, Abbe Colman & Nancy Ttee: | $132,618 |
| Other organizations performing similar types of work: | $182,919 |
Assets in 2011: $1,942,680 (it was $1,997,120 in 2010)
| This organization: | $1,942,680 |
| Other organizations performing similar types of work: | $564,464 |
Expenses in 2011: $94,386
| Abbe Berman Foundation Trust, Abbe Colman & Nancy Ttee: | $94,386 |
| Other organizations performing similar types of work: | $67,216 |
Income to expenses ratio in 2011: 1.4
| Abbe Berman Foundation Trust, Abbe Colman & Nancy Ttee: | 1.4 |
| Other organizations performing similar types of work: | 2.9 |
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 | $47,618 | $47,618 | $27,951 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $22,985 | |||
| Dividends and interest from securities | $4,966 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $19,667 | |||
| Total expenses and disbursements | $94,386 | $14,285 | $0 | $80,101 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $17,111 | $14,285 | $2,826 | |
| Contributions, gifts, grants paid | $77,275 | |||
| Excess of revenue over expenses and disbursements | $-46,768 | |||
| Net investment income | $33,333 | |||
| Adjusted net income | $27,951 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,942,680 | $1,895,636 |
| Cash - non-interest-bearing | $1,061,551 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $113,417 | |
| Investments-corporate bonds | $79,568 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $688,144 | |
| Total liabilities | $14,040 | |
| Mortgages and other notes payable | $0 | |
| Other | $14,040 | |
| Total liabilities and net assets/fund balances | $1,928,640 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| 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 | $667 |
| Total credits and payments | $3,456 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $3,456 |
| 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 | $2,789 |
| Amount to be credited to 2012 estimated tax | $2,789 |
| 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? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $1,604,303 |
| Net value of noncharitable-use assets | $1,580,240 |
| Minimum investment return | $79,012 |
| Distributable Amount (for 2011) | |
| Distributable amount | $78,679 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $78,679 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $78,679 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Murphy Family Foundation | PO BOX 73, New York, NY 10274-0073 | NY | 1995-01 | $4,225,123 |
| 2 | The Moshe And Frady Kalter Foundation Inc | C/O Moshe Kalter 1621 54th Street, Brooklyn, NY 11204 | NY | 1995-09 | $2,798,732 |
| 3 | Sirus Fund | 750 Third Ave 21 Fl, New York, NY 10017-2703 | NY | 1997-03 | $2,252,827 |
| 4 | Sara Lea Shafer And Jesse Z Shafer Charitable Medical Trust, Leibowitz Reuben S Ttee | Reuben Leibowitz Trustee, New York, NY 10019 | NY | 1997-04 | $719,430 |
| 5 | The@ernst C Stiefel Foundation C/O Coudert Brothers, Stiefel Ernst C Ttee | 1 Battery Pk Plaza, New York, NY 10004-1405 | NY | 1997-05 | $552,704 |
| 6 | Trust Uw S W Corbin Fbo Schenectady Foundation | 3 Sarnowski Dr, Glenville, NY 12302-3503 | NY | 1997-07 | $311,480 |
| 7 | Severson Family Foundation | 77 Water St Fl 9, New York, NY 10005-4414 | NY | 1994-12 | $297,142 |
| 8 | The Fragin Family Charitable Trust Ua 122393, Fragin Gary S & Patricia Ttees | C/O Marks Paneth 685 Third Ave, New York, NY 10017 | NY | 1996-10 | $206,153 |
| 9 | The Bean Family Foundation, Bean Henry D Et Al Ttees | 600 Fifth A, New York, NY 10020-2302 | NY | 1995-09 | $182,919 |
| 10 | The Walter T And Bessie H Cooper Irrevocable Charitable Trust | 1100 Wehrle Dr 2nd Fl, Amherst, NY 14221-7748 | NY | 1995-06 | $168,149 |
| 11 | The Irving Langer Charitable Trust, Langer Miriam & Irving Ttee | 1465a Flatbush Ave, Brooklyn, NY 11210-2428 | NY | 1997-12 | $136,417 |
| 12 | Willinphila Foundation | C/O Linda S Musser 49 East 86th, New York, NY 10028 | NY | 1997-05 | $59,513 |
| 13 | Shai Charitable Tr, Backenroth Gilbert Ttee | 4 Misty Ln, Suffern, NY 10901-4014 | NY | 1997-05 | $56,001 |
| 14 | Tzdaka Vechessed Inc | 437 Madison Ave Fl 40, New York, NY 10022-7001 | NY | 1995-04 | $42,310 |
| 15 | Zena & Michael A Wiener Foundation | C/O L Braff Co 60 E 42nd St, New York, NY 10165 | NY | 1995-02 | $24,366 |
| 16 | Sidney And Pearl Kalikow Foundation | 7001 Brush Hollow Road, Westbury, NY 11590-1743 | NY | 1995-06 | $23,283 |
| 17 | Isdell Foundation | 136 Madison Ave Fl 3, New York, NY 10016-6711 | NY | 1995-02 | $10,475 |
| 18 | Setton Family Foundation Inc | 1407 Broadway Rm 3607, New York, NY 10018-5136 | NY | 1995-01 | $1 |
| 19 | The Emanuel And Lelda Bruckenstein Family Charitable Trust, Puretz Yehuda Leib Et Al Ttee | 1877 E 9th St, Brooklyn, NY 11233 | NY | 1995-05 | $1 |
| 20 | The@jules Mayer Foundation, Mayer Helen And Max Ttee | 91 Central Park W, New York, NY 10023-4600 | NY | 1998-07 | $1 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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