Galilee Foundation Inc in New York, New York (NY)
Table of contents:
| Galilee Foundation Inc | |
| Employer Identification Number (EIN) | 133599062 |
| Name of Organization | Galilee Foundation Inc |
| In Care of Name | Dr N Shudofsky |
| Address | C/O Shudofsky 209 W 86th St, New York, NY 10024 |
| Activities | Business promotion (chamber of commerce, business league, etc.) |
| Subsection | Charitable Organization |
| Ruling Date | 11/1991 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $74,960 |
| Amount of Income | $40 |
| Form 990 Revenue Amount | $40 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: International Development, Relief Services |
Non-representatives - add comments:
Amount of income in 2013: $40 (it was $55 in 2012)
| This organization: | $40 |
| Other organizations performing similar types of work: | $335,397 |
Assets in 2013: $74,960 (it was $96,822 in 2012)
| This organization: | $74,960 |
| Other organizations performing similar types of work: | $194,693 |
Expenses in 2013: $17,902
| Galilee Foundation Inc: | $17,902 |
| Other organizations performing similar types of work: | $338,563 |
Income to expenses ratio in 2013: 0.0
| This organization: | 0.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 0.0%
| Galilee Foundation Inc: | 0.0% |
| Other organizations performing similar types of work: | 99.4% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $87 | $55 | $40 |
| Contributions, gifts, grants, and similar amounts received | $18 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $69 | $55 | $40 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $11,825 | $4,473 | $17,902 |
| Total net assets | $95,240 | $90,822 | $72,960 |
| Excess/Deficit for the year | $-11,738 | $-4,418 | $-17,862 |
| Net assets or fund balances at beginning of year | $106,978 | $95,240 | $90,822 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $90,822 | $72,960 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $104,615 | $96,822 | $74,960 |
| Total liabilities | $9,375 | $6,000 | $2,000 |
| Net assets or fund balances | $95,240 | $90,822 | $72,960 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $15,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Womens International Zionist Organization | 950 3rd Ave Ste 2803, New York, NY 10022-2846 | NY | 1980-11 | $6,542,451 |
| 2 | Trustees Of Athens College In Greece | 420 Madison Ave Rm 903, New York, NY 10017-1193 | NY | 1947-12 | $4,199,242 |
| 3 | Torah Schools For Israel | 40 Exchange Pl Ste 1403, New York, NY 10005-2738 | NY | 1960-06 | $1,452,973 |
| 4 | World Rehabilitation Fund Inc | 16 E 40th St Rm 704, New York, NY 10016-0113 | NY | 1962-04 | $724,317 |
| 5 | The Prasad Project Inc | 465 Brickman Rd, Hurleyville, NY 12747-6002 | NY | 1992-06 | $627,893 |
| 6 | The Lse Centennial Fund Inc | 424 W 33rd St, New York, NY 10001-2604 | NY | 1995-02 | $605,428 |
| 7 | Sustainable Health Enterprises Inc | 14 Jones St Apt 2c, New York, NY 10014-5628 | NY | 2009-04 | $494,582 |
| 8 | Filipino-American Medical Incorporated | PO BOX 1852, New York, NY 10021 | NY | 2000-04 | $489,196 |
| 9 | Social & Economic Action For Lebanon Inc | 500 E 77th St Apt 1019, New York, NY 10162-0004 | NY | 1998-04 | $470,690 |
| 10 | Society For International Help Inc | 3272 Gale Ave, Long Is City, NY 11101-2523 | NY | 1994-03 | $361,167 |
| 11 | University Of Dublin Fund | 80 Pine St Fl 17, New York, NY 10005-1716 | NY | 1956-08 | $336,543 |
| 12 | American Pakistan Foundation | PO BOX 3694, New York, NY 10163-3694 | NY | 2010-04 | $191,795 |
| 13 | United Tiberias Institutions Relief Society Inc | PO BOX 576, New York, NY 10002-0576 | NY | 1949-09 | $150,902 |
| 14 | Global Opportunity Fund | 151 1st Ave 214, New York, NY 10003 | NY | 2007-12 | $76,240 |
| 15 | Millennium Health Foundation Inc | 45 East 89th Street Room/Suite 15e, New York, NY 10128-1229 | NY | 1995-07 | $66,647 |
| 16 | Solar Liberty Foundation, Paige L Mecca | 6500 Sheridan Dr Ste 120, Williamsville, NY 14221-4845 | NY | 2009-04 | $39,138 |
| 17 | Torah Vehoraah Foundation Inc | 1587 E 10th St, Brooklyn, NY 11230-6506 | NY | 1979-08 | $30,654 |
| 18 | Volunteer Eye Surgeons International Ltd | 375 East Main Street, Bay Shore, NY 11706-8418 | NY | 1987-03 | $22,220 |
| 19 | Cote Divoire Food For Education Ciffe | PO BOX 312, New Rochelle, NY 10804-0312 | NY | 2001-11 | $0 |
| 20 | Endowment For Democracy In Eastern Europe Inc | PO BOX 190391, Brooklyn, NY 11219-0391 | NY | 1991-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,329 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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