Fu Generation Foundation Inc in Forest Hills, New York (NY)
Table of contents:
| Fu Generation Foundation Inc | |
| Employer Identification Number (EIN) | 208458977 |
| Name of Organization | Fu Generation Foundation Inc |
| In Care of Name | DAVID FU |
| Address | 108-28 69th Ave, Forest Hills, NY 11375 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2012 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $81,038 |
| Amount of Income | $19,185 |
| Form 990 Revenue Amount | $19,185 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2012: $19,185 (it was $58,283 in 2013)
| Fu Generation Foundation Inc: | $19,185 |
| Other organizations performing similar types of work: | $59,804 |
Assets in 2012: $81,038 (it was $79,753 in 2013)
| Fu Generation Foundation Inc: | $81,038 |
| Other organizations performing similar types of work: | $21,830 |
Expenses in 2013: $1,910
| Fu Generation Foundation Inc: | $1,910 |
| Other organizations performing similar types of work: | $55,139 |
Income to expenses ratio in 2013: 10.0
| This organization: | 10.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 4.3%
| This organization: | 4.3% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $58,283 |
| Contributions, gifts, grants, and similar amounts received | $2,525 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $1,200 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $54,558 |
| Total expenses | $1,910 |
| Total net assets | $79,753 |
| Excess/Deficit for the year | $56,373 |
| Net assets or fund balances at beginning of year | $23,380 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $79,753 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $79,753 |
| Total liabilities | $0 |
| Net assets or fund balances | $79,753 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $2,525 |
| Subtotal | $2,525 |
| Gifts, grants, contributions, and membership fees received | $2,525 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $58,283 |
| Public support | $2,525 |
| Subtotal | $1,200 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,200 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $54,558 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Turkish Philanthropy Funds Inc | 1036 Park Ave 15a, New York, NY 10028-0971 | NY | 2007-12 | $2,570,689 |
| 2 | Yeshivat Nachlat Halviim Tr, Kamerman Jerome Ttee | 156 5th Ave Fl 10, New York, NY 10010-7751 | NY | 1999-11 | $465,992 |
| 3 | Crossroads Springs Africa Inc | PO BOX 242, East Aurora, NY 14052-0242 | NY | 2010-05 | $297,636 |
| 4 | Yad David Inc | 1002 Quentin Road, Brooklyn, NY 11223-2228 | NY | 2013-12 | $194,255 |
| 5 | Project Nyame Nsa Ltd | 33 Willets Ln, Manhasset, NY 11030-1022 | NY | 2013-12 | $183,592 |
| 6 | Yeshivas Derech Hamlech Inc | 1846 49th St, Brooklyn, NY 11204-1244 | NY | 2002-08 | $177,675 |
| 7 | Restless Development Usa Inc | 99 Park Ave Rm 2200, New York, NY 10016-1601 | NY | 2002-01 | $130,326 |
| 8 | American Friends Of Amudei Shimshonmosdos Torah Vechesed Inc | C/O Bronfman Fisher 300 Liberty, Brooklyn, NY 11207 | NY | 2009-06 | $100,000 |
| 9 | Give Them A Hand Foundation | 212 West 141st Street, New York, NY 10030 | NY | 2010-06 | $100,000 |
| 10 | Friends Of Ohr Matityahu | 1420 46 Street, Brooklyn, NY 11219 | NY | 2010-07 | $93,040 |
| 11 | Friends Of The Tree Of Life Orphanage Inc | PO BOX 324, Katonah, NY 10536 | NY | 2010-10 | $67,362 |
| 12 | Vc Plus Inc | 444 East 86th Street, New York, NY 10028-6458 | NY | 2014-10 | $53,843 |
| 13 | Umuavulu-Abor Association Inc Usa | Po Box 730983, Elmhusrt, NY 11368 | NY | 2012-01 | $45,939 |
| 14 | Ngorongoro Community Network Incorporated | 100 Merrick Rd Ste 320e, Rockville Ctr, NY 11570-4883 | NY | 2014-07 | $39,749 |
| 15 | Chedvat Neurim Foundation | 1477 E 21st St, Brooklyn, NY 11210-5033 | NY | 2014-10 | $30,000 |
| 16 | Palmyra Foundation Inc | 119 W 57th St Ste 1405, New York, NY 10019-2401 | NY | 2014-11 | $22,450 |
| 17 | Senegal Ecovillage Microfinance | PO BOX 624, Canton, NY 13617-0624 | NY | 2006-11 | $20,346 |
| 18 | Fu Generation Foundation Inc | 108-28 69th Ave, Forest Hills, NY 11375 | NY | 2008-05 | $19,185 |
| 19 | American Friends Of Tsama Nafshi | 591 Park Ave, Cedarhurst, NY 11516-1723 | NY | 2014-09 | $16,505 |
| 20 | Growing Up Africa | C/O Skody 520 Eighth Avenue No 2200, New York, NY 10018 | NY | 2010-11 | $10,400 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 525 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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