Billy Taylor Foundation Inc in Huntington, 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
| Billy Taylor Foundation Inc | |
| Employer Identification Number (EIN) | 134137385 |
| Name of Organization | Billy Taylor Foundation Inc |
| In Care of Name | Hernandez Accounting |
| Address | 755 New York Ave Ste 215, Huntington, NY 11743-4240 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $25,000 to $99,999 |
| Income | $0 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $25,924 |
| Amount of Income | $0 |
| Form 990 Revenue Amount | $0 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2010: $0 (it was $0 in 2011)
| Billy Taylor Foundation Inc: | $0 |
| Other organizations performing similar types of work: | $75,302 |
Assets in 2010: $25,924 (it was $4,986 in 2011)
| This organization: | $25,924 |
| Other organizations performing similar types of work: | $57,253 |
Expenses in 2011: $20,938
| Billy Taylor Foundation Inc: | $20,938 |
| Other organizations performing similar types of work: | $74,806 |
Income to expenses ratio in 2011: 0.0
| This organization: | 0.0 |
| Other organizations performing similar types of work: | 1.2 |
Expenses 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 | $0 | $0 | $0 | |
| Total expenses and disbursements | $20,938 | $0 | $0 | $20,938 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $938 | $0 | $938 | |
| Contributions, gifts, grants paid | $20,000 | |||
| Excess of revenue over expenses and disbursements | $-20,938 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,986 | $4,986 |
| Cash - non-interest-bearing | $4,986 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,986 | |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $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? | 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| 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 | Lila Acheson & Dewitt Wallace Fd Lincoln Center | New York, NY 10016 | NY | $50,539,647 | |
| 2 | Theatre Development Fund Inc | 520 8th Ave Rm 801, New York, NY 10018-4192 | NY | 1967-03 | $15,746,014 |
| 3 | American Theatre Wing Inc | 230 West 41st Street, New York, NY 10036-7207 | NY | 1958-12 | $8,500,230 |
| 4 | Jerome Robbins Foundation | 156 W 56th St Ste 900, New York, NY 10019-3927 | NY | 1959-06 | $5,088,300 |
| 5 | Celeste Holm And Wesley Addy Foundation Inc | PO BOX 146, Patterson, NY 12563 | NY | 1999-11 | $3,435,511 |
| 6 | Acmp Foundation | 1133 Broadway Ste 810, New York, NY 10010-8046 | NY | 1993-11 | $2,433,077 |
| 7 | Rush Philanthropic Arts Foundation | 980 Sixth Avenue No 401, New York, NY 10018-7820 | NY | 1995-07 | $1,936,659 |
| 8 | National Corporate Theatre Fund | 505 8th Ave Rm 2303, New York, NY 10018-6523 | NY | 1977-12 | $1,704,999 |
| 9 | Salzburg Festival Society Inc | 509 Madison Ave Rm 1710, New York, NY 10022-5530 | NY | 2006-03 | $663,061 |
| 10 | Performing Arts Foundation Of Dix Hills Inc | 305 N Service Rd, Dix Hills, NY 11746-5857 | NY | 2000-01 | $341,528 |
| 11 | Parents Promoting Dance | P O Box 239, East Syracuse, NY 13214 | NY | 2014-07 | $61,464 |
| 12 | The Apogee Foundation | 1001 Ave Of The Americas 12th Flr, New York, NY 10018-5460 | NY | 2006-02 | $20,000 |
| 13 | Friends Of London Childrens Ballet Inc | 400 E 58th St Apt 15b, New York, NY 10022-2319 | NY | 2011-06 | $3,500 |
| 14 | Justin Timberlake Foundation Inc | 450 Park Ave Ste 1002, New York, NY 10022-2736 | NY | 2002-07 | $1 |
| 15 | Billy Taylor Foundation Inc | 755 New York Ave Ste 215, Huntington, NY 11743-4240 | NY | 2002-02 | $0 |
| 16 | Friends Of Bethel Woods Center For The Arts Inc | Po Box 311, Liberty, NY 12754 | NY | 2007-11 | $0 |
| 17 | Friends Of The Jerusalem Music Centre Inc | C/O 350 Cedar Drive West, Briarcliff Manor, NY 10510 | NY | 2010-01 | $0 |
| 18 | Glen Cove Endowment For Music & Arts Education Inc | 1325 Franklin Ave Ste 225, Garden City, NY 11530-1631 | NY | 2002-06 | $0 |
| 19 | Mount Vernon Disaster Relief Fund Inc | One Roosevelt Sq, Mount Vernon, NY 10550-2011 | NY | 2006-05 | $0 |
| 20 | Owen Borda Performing Arts Association Inc | PO BOX 457, White Plains, NY 10603 | NY | 2009-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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