Eleison Foundation in Milan, 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
| Eleison Foundation | |
| Employer Identification Number (EIN) | 900431305 |
| Name of Organization | Eleison Foundation |
| In Care of Name | Brian Tsai |
| Address | 251 Sawmill Rd, Milan, NY 12571-4113 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $371,860 |
| Amount of Income | $58,613 |
| Form 990 Revenue Amount | $114,081 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Financial Counseling, Money Management |
Non-representatives - add comments:
Amount of income in 2012: $58,613 (it was $114,081 in 2011)
| Eleison Foundation: | $58,613 |
| Other organizations performing similar types of work: | $156,466 |
Assets in 2012: $371,860 (it was $364,688 in 2011)
| Eleison Foundation: | $371,860 |
| Other organizations performing similar types of work: | $45,042 |
Expenses in 2012: $31,523
| Eleison Foundation: | $31,523 |
| Other organizations performing similar types of work: | $135,428 |
Income to expenses ratio in 2012: 1.9
| This organization: | 1.9 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2012: 64.6%
| This organization: | 64.6% |
| Other organizations performing similar types of work: | 90.6% |
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 | $38,695 | $13,695 | $10,148 | |
| Contributions, gifts, grants, etc., received | $25,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $10,148 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $3,547 | |||
| Total expenses and disbursements | $31,523 | $3,000 | $0 | $28,523 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $28,423 | $3,000 | $25,423 | |
| Contributions, gifts, grants paid | $3,100 | |||
| Excess of revenue over expenses and disbursements | $7,172 | |||
| Net investment income | $10,695 | |||
| Adjusted net income | $10,148 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $371,860 | $396,319 |
| Cash - non-interest-bearing | $78,622 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $14,660 | |
| Investments-corporate bonds | $39,190 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $239,388 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $371,860 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,547 |
| 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 | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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? | Yes |
| 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? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $380,504 |
| Net value of noncharitable-use assets | $374,800 |
| Minimum investment return | $18,740 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $10,148 | $0 | $5,422 | $0 | $15,570 |
| Qualifying distributions made directly for active conduct of exempt activities | $31,623 | $26,277 | $26,822 | $19,469 | $104,191 |
| 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 | $12,493 | $8,321 | $6,435 | $1,294 | $28,543 |
| 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 | Safeguard Credit Counseling Services Inc | 67 Fort Salonga Rd, Northport, NY 11768-2851 | NY | 1999-01 | $1,348,176 |
| 2 | Community Mutual Inc | 1398 Culver Rd, Rochester, NY 14609-5342 | NY | 2011-03 | $1,191,860 |
| 3 | Grow Brooklyn Inc | 1474 Myrtle Ave, Brooklyn, NY 11237-5128 | NY | 2010-08 | $361,055 |
| 4 | Start Small Think Big Inc | 1231 Lafayette Ave Unit 2, Bronx, NY 10474-5367 | NY | 2010-11 | $318,364 |
| 5 | Qualitas Of Life Foundation | 500 Park Avenue Suite 35b, New York, NY 10022 | NY | 2008-10 | $147,499 |
| 6 | The Economic Literacy Coalition Inc | 1061 Atlantic Ave Ste 2, Brooklyn, NY 11238-2902 | NY | 2008-03 | $135,108 |
| 7 | Eliezer Project Inc | 277 Broadway Ste 801, New York, NY 10007-2023 | NY | 2009-12 | $127,062 |
| 8 | Eleison Foundation | 251 Sawmill Rd, Milan, NY 12571-4113 | NY | 2009-06 | $58,613 |
| 9 | Needs Foundation Corp | 100 Park Ave Fl 20, New York, NY 10017-5546 | NY | 2012-03 | $1 |
| 10 | 00 Debt Inc | 2930 Wynsum Ave, Merrick, NY 11566-5413 | NY | 2001-01 | $0 |
| 11 | A-Z Representative Payee 1 Inc | 204-17 Hillside Avenue Ste 309, Hollis, NY 11423 | NY | 2015-04 | $0 |
| 12 | American Fund For Consumer Credit | 500 Old Country Rd Ste 104, Garden City, NY 11530-1921 | NY | 2002-10 | $0 |
| 13 | Apple Consumer Credit Counseling Inc | PO BOX 147, Lynbrook, NY 11563-0147 | NY | 1999-05 | $0 |
| 14 | Bardichev Revival Inc | 2267 62nd St, Brooklyn, NY 11204-3115 | NY | 2014-07 | $0 |
| 15 | Black Shield, Sharonne Mcfarland Sharonne Mcfarland | 45 East 135th Street Suite 4b, New York, NY 10037 | NY | 2009-05 | $0 |
| 16 | C C Financial Health And Life Skills Inc | 3041 Mickle Ave Ste Ph, Bronx, NY 10469-3213 | NY | 2003-11 | $0 |
| 17 | Community Housing Counciling Corp | Po Box 40284, Glen Oaks, NY 11004 | NY | 2013-03 | $0 |
| 18 | Enterprise Financial Pathways Corp | 80 5th Ave Fl 7, New York, NY 10011-8002 | NY | 2006-04 | $0 |
| 19 | Financial Literacy Inc | 3500 Sunrise Hwy Ste D117, Great River, NY 11739 | NY | 2007-04 | $0 |
| 20 | Free Modification Services Inc, No N/A | Po Box 4740, New Windsor, NY 12553 | NY | 2013-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,240 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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