Community Funds Inc in New York, New York (NY)

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Community Funds Inc
Employer Identification Number (EIN)136089923
Name of OrganizationCommunity Funds Inc
Address909 Third Ave, New York, NY 10022-4731
ActivitiesOther school related activities, Community Chest, United Way, etc., Gifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date03/1959
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2007
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (instrumentalities of states or political subdivisions)
Asset Amount$0
Amount of Income$0
Form 990 Revenue Amount$0


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Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$3,120,344$0$3,120,344
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$3,301$0$3,301
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$3,117,043$0$3,117,043
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$547,334
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$1,283
Taxes and licenses$239,369
Charitable contributions$285,890
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$20,792
Unrelated business taxable income$2,572,010
Unrelated business taxable income before net operating loss deduction$2,573,010
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$2,573,010
Specific deduction$1,000
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