Irving Chutick Foundation Inc in New York, 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
| Irving Chutick Foundation Inc | |
| Employer Identification Number (EIN) | 116014456 |
| Name of Organization | Irving Chutick Foundation Inc |
| In Care of Name | F T Kleiger & Co |
| Address | 425 E 58th St Apt 45b, New York, NY 10022-2379 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1957 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $1 |
| Amount of Income | $117,893 |
| Form 990 Revenue Amount | $8,633 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $8,633 | $8,633 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $3 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $8,630 | |||
| Total expenses and disbursements | $76,906 | $119 | $0 | $73,702 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,301 | $119 | $467 | |
| Contributions, gifts, grants paid | $72,605 | |||
| Excess of revenue over expenses and disbursements | $-68,273 | |||
| Net investment income | $8,514 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $0 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $8,630 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $85 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $85 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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? | Yes |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $67,992 |
| Net value of noncharitable-use assets | $66,980 |
| Minimum investment return | $3,349 |
| Distributable Amount (for 2011) | |
| Distributable amount | $3,264 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $3,264 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Iroquois Nursing Home Inc | 4600 Southwood Heights Dr, Jamesville, NY 13078-9595 | NY | 1991-04 | $20,502,621 |
| 2 | Iroquois-Empire Volleyball Association Inc | 3308 Mcdonald Ave, Schenectady, NY 12304-3942 | NY | 1984-08 | $292,828 |
| 3 | Irt Foundation | 4611 12th Ave Apt 2e, Brooklyn, NY 11219-2514 | NY | 2001-05 | $57,480 |
| 4 | Irvine Oaks Realty Holding Co Inc | PO BOX 5005, New York, NY 10163-5005 | NY | 2000-12 | $3,897,540 |
| 5 | Irving And Estelle Levy Foundation | 125 Jericho Tpke Ste 200, Jericho, NY 11753-1016 | NY | 1947-11 | $179,213 |
| 6 | Irving And Geraldine Schaffer Foundation Inc | 165 Underhill Rd, Scarsdale, NY 10583-1006 | NY | 1969-12 | $1,162,956 |
| 7 | Irving And Muriel Fischer Foundation Inc | PO BOX 367, Bedford Hills, NY 10507-0367 | NY | 1987-07 | $343,058 |
| 8 | Irving And Sara Selis Foundation Inc | 40 E 88th St Ste 3a, New York, NY 10128-1176 | NY | 2003-10 | $6,647 |
| 9 | Irving And Shari Weinberger Foundation | 13 Carriage Rd, Roslyn, NY 11576-3117 | NY | 1997-10 | $207,168 |
| 10 | Irving Berlin Charitable Fund Inc | 750 3rd Ave Fl 11, New York, NY 10017-2716 | NY | 1948-12 | $131,330 |
| 11 | Irving Chutick Foundation Inc | 425 E 58th St Apt 45b, New York, NY 10022-2379 | NY | 1957-12 | $117,893 |
| 12 | Irving Fabrikant Foundation | 1016 5th Ave, New York, NY 10028-0132 | NY | 1959-05 | $148,010 |
| 13 | Irving Family Foundation, Saperston W B & D A Castiglia Ttees | 172 Lake St, Hamburg, NY 14075-4824 | NY | 1993-07 | $173,356 |
| 14 | Irving Foundation | 1185 6th Ave, New York, NY 10036-2601 | NY | 2008-03 | $35,000 |
| 15 | Irving Home Arts Inc | 117 E 70th St, New York, NY 10021-5006 | NY | 1992-12 | $980,402 |
| 16 | Irving L & Barbara Rousso Foundation Inc | 860 United Nations Plaza, New York, NY 10017-1810 | NY | 1994-03 | $104,227 |
| 17 | Irving L & Phyllis Bernstein Foundation Inc | 28 Doral Dr, Manhasset, NY 11030-3907 | NY | 1985-03 | $4,000 |
| 18 | Irving N Tolkin Foundation Inc | 270 Pepperidge Rd, Hewlett, NY 11557-2749 | NY | 1959-11 | $14,000 |
| 19 | Irving Penn Foundation | 529 Fith Ave, New York, NY 10017 | NY | 2005-12 | $5,438,559 |
| 20 | Irving Rothlein Foundation | 1740 Route 32, Saugerties, NY 12477-4465 | NY | 1957-01 | $69,282 |
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