Donald & Linda Gross Foundation Inc in Hempstead, 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
| Donald & Linda Gross Foundation Inc | |
| Employer Identification Number (EIN) | 113352790 |
| Name of Organization | Donald & Linda Gross Foundation Inc |
| In Care of Name | Dans Supreme Supermarkets I |
| Address | 474 Fulton Avenue, Hempstead, NY 11550-4101 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $802,390 |
| Amount of Income | $243,033 |
| Form 990 Revenue Amount | $52,550 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $243,033 (it was $614,853 in 2012)
| Donald & Linda Gross Foundation Inc: | $243,033 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2013: $802,390 (it was $811,989 in 2012)
| This organization: | $802,390 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $38,970
| This organization: | $38,970 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 6.2
| This organization: | 6.2 |
| Other organizations performing similar types of work: | 2.0 |
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 | $53,127 | $53,127 | $31,301 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $31,301 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $21,826 | |||
| Total expenses and disbursements | $38,970 | $834 | $834 | $38,136 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $834 | $834 | $0 | |
| Contributions, gifts, grants paid | $38,136 | |||
| Excess of revenue over expenses and disbursements | $14,157 | |||
| Net investment income | $52,293 | |||
| Adjusted net income | $30,467 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $811,989 | $844,931 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $58,518 | |
| Investments-corporate bonds | $746,137 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $7,334 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $811,989 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $21,826 |
| 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 | $1,046 |
| Total credits and payments | $2,040 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,040 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $1,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $994 |
| Amount to be credited to 2013 estimated tax | $994 |
| 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? | Yes |
| 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 | $836,828 |
| Net value of noncharitable-use assets | $824,280 |
| Minimum investment return | $41,214 |
| Distributable Amount (for 2012) | |
| Distributable amount | $40,168 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $40,168 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $40,090 |
| 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 | S & G Foundation | PO BOX 860, Saratoga Spgs, NY 12866-0860 | NY | 1998-01 | $316,260,515 |
| 2 | W L S Spencer Foundation | 825 3rd Ave Fl 4, New York, NY 10022-9524 | NY | 1995-01 | $5,364,781 |
| 3 | The Paul And Karen Levy Family Foundation | 2580 Sunrise Highway, Bellmore, NY 11710-3662 | NY | 1998-10 | $3,592,819 |
| 4 | The Walter V And Judith L Shipley Family Foundation | 810 Seventh Ave, New York, NY 10019-5818 | NY | 1997-08 | $1,995,229 |
| 5 | Seymour Goodman Foundation Inc | 89 Mackey Ave, Prt Washingtn, NY 11050-3929 | NY | 1997-06 | $1,684,641 |
| 6 | Sauganash Foundation | 56 Harrison Street, New Rochelle, NY 10801-6555 | NY | 1997-09 | $1,183,650 |
| 7 | The Shulsky Foundation, Shulsky Rena Ttee | 200 W 57th St Ste 801, New York, NY 10019-3217 | NY | 1996-03 | $1,144,257 |
| 8 | Schleifer Family Foundation | PO BOX 15014, Albany, NY 12212-5014 | NY | 1997-04 | $1,091,661 |
| 9 | Vincent Kosuga And Pauline Kosuga Foundation Inc | PO BOX 630, Warwick, NY 10990-0630 | NY | 1997-10 | $1,022,341 |
| 10 | Vestal Volunteer Emergency Squad Inc | 324 Myrtle St, Vestal, NY 13850-1916 | NY | 1993-07 | $949,111 |
| 11 | Wright Family Foundation Inc | 2750 Balltown Rd, Schenectady, NY 12309-1006 | NY | 1998-03 | $905,737 |
| 12 | Weinig Foundation | 25 Sutton Place, New York, NY 10022-2423 | NY | 1996-11 | $842,121 |
| 13 | Stark Family Charitable Foundation | PO BOX 2213, East Hampton, NY 11937-0242 | NY | 1998-10 | $691,300 |
| 14 | Silberstein-Boesky Family Foundation Inc | 340 Sarles St, Mount Kisco, NY 10549-4739 | NY | 1997-12 | $664,848 |
| 15 | The Chuck Goldman Family Supporting Foundation | 130 E 59th St Ste 1056a, New York, NY 10022-1302 | NY | 1988-06 | $573,768 |
| 16 | Zern Family Foundation, Zern Allen & Zern Judith Ttee | 14 N Chatsworth Ave Apt 4h, Larchmont, NY 10538-2106 | NY | 1997-06 | $402,018 |
| 17 | Sylsam Foundation Inc | C/O Grant Thornton 60 Broad Street, New York, NY 10004 | NY | 1995-02 | $346,036 |
| 18 | Walter & Lila Gibbs Memorial Tr | 1100 Wehrle Dr 2nd Fl, Amherst, NY 14221-7748 | NY | 1995-04 | $322,175 |
| 19 | Stuart Family Foundation Inc | PO BOX 860, Saratoga Spgs, NY 12866-0860 | NY | 1996-05 | $258,657 |
| 20 | Wild Waters Foundation | PO BOX 930, Pearl River, NY 10965-0930 | NY | 1997-06 | $258,241 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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