Howard Memorial Fund in Rockaway, 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
- Other organizations in New York
| Howard Memorial Fund | |
| Employer Identification Number (EIN) | 136161770 |
| Name of Organization | Howard Memorial Fund |
| In Care of Name | Rockaway Develepmont & Revitaliza |
| Address | 1920 Mott Ave, Rockaway, NY 11691-4106 |
| Activities | Gifts, grants, or loans to other organizations, Gifts or grants to individuals (other than scholarships), Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 09/1961 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2012 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $907,457 |
| Amount of Income | $31,507 |
| Form 990 Revenue Amount | $45,209 |
Non-representatives - add comments:
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 | $45,209 | $45,209 | $37,712 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $5 | |||
| Dividends and interest from securities | $31,502 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $13,702 | |||
| Total expenses and disbursements | $50,679 | $7,079 | $7,079 | $43,600 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $7,179 | $0 | $100 | |
| Contributions, gifts, grants paid | $43,500 | |||
| Excess of revenue over expenses and disbursements | $-5,470 | |||
| Net investment income | $38,130 | |||
| Adjusted net income | $30,633 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $907,457 | $963,564 |
| Cash - non-interest-bearing | $453 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $483,469 | |
| Investments-corporate bonds | $339,174 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $84,361 | |
| Total liabilities | $7,500 | |
| Mortgages and other notes payable | $0 | |
| Other | $7,500 | |
| Total liabilities and net assets/fund balances | $899,957 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $13,702 |
| 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 | $763 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $763 |
| 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? | 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? | 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? | Yes |
| 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 | $1,029,952 |
| Net value of noncharitable-use assets | $1,014,500 |
| Minimum investment return | $50,725 |
| Distributable Amount (for 2012) | |
| Distributable amount | $48,846 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $48,846 |
| 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 | $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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| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Howard Bayne Fund | 425 Lexington Avenue, New York, NY 10017-3903 | NY | 1961-12 | $3,084,480 |
| 2 | Howard Beach Columbus Dayfoundation Inc | 15748 Crossbay Blvd, Howard Beach, NY 11414-2747 | NY | 2008-05 | $70,638 |
| 3 | Howard D & Sandra Taylor Family Foundation Inc | 37 W 57th St -5th Fl, New York, NY 10019-3411 | NY | 1970-01 | $24,734 |
| 4 | Howard E Stark Foundation | 53 N Park Ave Ste 50, Rockville Ctr, NY 11570-4111 | NY | 2008-09 | $1,649,860 |
| 5 | Howard Family Charitable Foundation | 80 Irving Pl, New York, NY 10003-2201 | NY | 1990-02 | $310 |
| 6 | Howard Finkelstein Foundation Inc | 450 Seventh Avenue No 2701, New York, NY 10123-2701 | NY | 2000-10 | $13,843 |
| 7 | Howard Gilman Foundation Inc | 1 Rockefeller Plaza, New York, NY 10020-2003 | NY | 1981-08 | $15,214,771 |
| 8 | Howard Hoffman And Sons Foundation Inc | 1407 Broadway Rm 1201, New York, NY 10018-2849 | NY | 2004-08 | $286,466 |
| 9 | Howard Kanovitz Foundation Inc | 70 Collingswood Dr, Sag Harbor, NY 11963-3928 | NY | 1996-01 | $15,582 |
| 10 | Howard Karagheusian Comm Corp | 381 Park Ave S Rm 617, New York, NY 10016-8806 | NY | 1993-09 | $5,923,701 |
| 11 | Howard Memorial Fund | 1920 Mott Ave, Rockaway, NY 11691-4106 | NY | 1961-09 | $31,507 |
| 12 | Howard Public Library | 3607 Route 7oa, Hornell, NY 14843 | NY | 1997-03 | $41,800 |
| 13 | Howard Smith Family Foundation | C/O Howard Smith 5 Deepwood Ct, Old Westbury, NY 11568 | NY | 2008-07 | $71,635 |
| 14 | Howe Avenue Medical Services P C, New Rochelle Geriatric Medical Ser | 16 Guion Pl, New Rochelle, NY 10801-5502 | NY | 2002-01 | $253,476 |
| 15 | Howe Avenue Nursing Home Inc | 16 Guion Pl, New Rochelle, NY 10801-5502 | NY | 1968-12 | $19,731,815 |
| 16 | Howland Chamber Music Circle Inc | PO BOX 224, Chelsea, NY 12512-0224 | NY | 1999-06 | $67,743 |
| 17 | Howland Public Library | 313 Main St, Beacon, NY 12508-3016 | NY | 1996-08 | $965,385 |
| 18 | Howlett Hill Fire Department Inc | 3384 Howlett Hill Rd, Syracuse, NY 13215-8606 | NY | 1996-09 | $493,977 |
| 19 | Hoy Sun High School Alumni Association Inc | 175 Canal St Fl 3, New York, NY 10013-4521 | NY | 2004-03 | $35,673 |
| 20 | Hoyt Foundation 122297, Hoyt Henry H Jr Et Al Ttee | 115 E 69th St, New York, NY 10021-5004 | NY | 1998-02 | $65,987 |
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