Ian Madover And Arielle Tepper Madover Family Foundation Inc in Garden City, 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
| Ian Madover And Arielle Tepper Madover Family Foundation Inc | |
| Employer Identification Number (EIN) | 650454051 |
| Name of Organization | Ian Madover And Arielle Tepper Madover Family Foundation Inc |
| In Care of Name | Janover Llc |
| Address | C/O Janover Llc 100 Quentin, Garden City, NY 11530 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,361,626 |
| Amount of Income | $3,668,314 |
| Form 990 Revenue Amount | $420,820 |
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 | $1,207,297 | $137,739 | $0 | |
| Contributions, gifts, grants, etc., received | $1,069,558 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $66,598 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $71,141 | |||
| Total expenses and disbursements | $339,597 | $11,288 | $0 | $328,248 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $12,097 | $11,288 | $748 | |
| Contributions, gifts, grants paid | $327,500 | |||
| Excess of revenue over expenses and disbursements | $867,700 | |||
| Net investment income | $126,451 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,361,626 | $2,389,194 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,334,222 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $27,404 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $2,361,626 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $71,141 |
| 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 | $2,529 |
| Total credits and payments | $9,711 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,711 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $7,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $7,182 |
| Amount to be credited to 2013 estimated tax | $7,182 |
| 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? | 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 | $2,343,698 |
| Net value of noncharitable-use assets | $2,308,540 |
| Minimum investment return | $115,427 |
| Distributable Amount (for 2012) | |
| Distributable amount | $112,898 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $112,898 |
| 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 | I S 44 Parents Association Inc | 100 W 77th St, New York, NY 10024-6902 | NY | 1986-03 | $56,989 |
| 2 | I Support Roosevelt Committee Inc | 55 Mansfield Ave, Roosevelt, NY 11575-1414 | NY | 1985-12 | $218,923 |
| 3 | I U O E Local 94 94a Scholarship Fund | 331 W 44th St # 337, New York, NY 10036-5402 | NY | 1996-04 | $433,089 |
| 4 | I W Foundation Inc | 630 W 246th St Apt 323, Riverdale, NY 10471-3633 | NY | 1997-02 | $2,858,009 |
| 5 | I Will Foundation Inc | 174 Beach 149th St, Neponsit, NY 11694-1023 | NY | 2009-07 | $7,100 |
| 6 | I&s Foundation, Steinmetz Issac Ttee | 78 Heyward St, Brooklyn, NY 11206-5486 | NY | 2003-01 | $52,252 |
| 7 | Stupid Cancer Inc | 40 Worth St Rm 808, New York, NY 10013-3063 | NY | 2005-06 | $904,280 |
| 8 | Iabs Charities Inc | C/O Fgh Keogh Associates 350 5th Av, New York, NY 10118 | NY | 2000-02 | $151,314 |
| 9 | Iac Interactivecorp Health And Welfare Benefit Trust | 555 W 18th St, New York, NY 10011-2822 | NY | 2006-12 | $94,754,330 |
| 10 | Iac-International Academy Of Conscientiology Inc, New York | 55 West 21st St, New York, NY 10010-6809 | NY | 2006-01 | $49,231 |
| 11 | Ian Madover And Arielle Tepper Madover Family Foundation Inc | C/O Janover Llc 100 Quentin, Garden City, NY 11530 | NY | 1994-02 | $3,668,314 |
| 12 | Ianni Family Foundation | 326 Kensington Rd S, S Garden City, NY 11530-5308 | NY | 2006-08 | $896 |
| 13 | Iapes Nys Chapter Inc | 15 Rock St, Saratoga Spgs, NY 12866-1617 | NY | 1986-12 | $45,829 |
| 14 | Iarossi Family Foundation Inc | 45 Broadway 15th Flr Ste 1500, New York, NY 10006 | NY | 2007-03 | $5 |
| 15 | Iat Reinsurance Company Ltd & Subsidiaries | 48 Wall St, New York, NY 10005-2903 | NY | 1993-02 | $351,344,945 |
| 16 | Iatan Ronald A Santana Memorial Foundation | PO BOX 2988, Plattsburgh, NY 12901-0999 | NY | 1998-03 | $0 |
| 17 | Ibc Children S Foundation Inc | 1 Pine St, Woodmere, NY 11598-2625 | NY | 2008-01 | $2 |
| 18 | Ibero American Action League Inc, Worker Ownership Resource Center | 911 E Main St, Rochester, NY 14605-2724 | NY | 1972-03 | $76,693 |
| 19 | Ibero Housing Corporation | 817 E Main St, Rochester, NY 14605-2722 | NY | 1972-03 | $77,598 |
| 20 | Ibero-American Action League Inc | 817 E Main St, Rochester, NY 14605-2722 | NY | 1972-03 | $9,451,305 |
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