Italian City Club Inc in Valhalla, 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
| Italian City Club Inc | |
| Employer Identification Number (EIN) | 237032434 |
| Name of Organization | Italian City Club Inc |
| In Care of Name | Groppe |
| Address | 400 Columbus Ave Ste 200e, Valhalla, NY 10595-1392 |
| Activities | Community center, Achievement pries of awards |
| Subsection | Educational Organization |
| Ruling Date | 05/1978 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $8,136 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $1 |
Non-representatives - add comments:
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 | $1 | $1 | $1 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $47,161 | $0 | $0 | $27,745 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $19,416 | $0 | $0 | |
| Contributions, gifts, grants paid | $27,745 | |||
| Excess of revenue over expenses and disbursements | $-47,160 | |||
| Net investment income | $1 | |||
| Adjusted net income | $1 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,136 | $8,136 |
| 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 | $8,136 | |
| Total liabilities | $67,034 | |
| Mortgages and other notes payable | $0 | |
| Other | $67,034 | |
| Total liabilities and net assets/fund balances | $-58,898 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $2,614 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $2,614 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $2,614 |
| 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? | 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 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 | $32,941 |
| Net value of noncharitable-use assets | $32,440 |
| Minimum investment return | $1,622 |
| Distributable Amount (for 2011) | |
| Distributable amount | $1,622 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $1,622 |
| 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 | Italian American Sport Council Of Rochester Ltd | 1250 Buffalo Rd, Rochester, NY 14624-1824 | NY | 2013-02 | $16,504 |
| 2 | Italian American Ladies Society Inc | 162 Main St, Brewster, NY 10509-1536 | NY | 1957-04 | $801 |
| 3 | Italian American Museum | 1806 Hering Ave, Bronx, NY 10461-1802 | NY | 2002-04 | $722,592 |
| 4 | Italian American Protective Association | PO BOX 7, Port Chester, NY 10573-0007 | NY | 1993-08 | $6,166 |
| 5 | Italian American Scholarship Association Inc | PO BOX 9394, Bardonia, NY 10954-9394 | NY | 2002-08 | $16,800 |
| 6 | Italian American War Veterans Of The Us Inc, 1 John Venditti Post | 500 Danforth St, Syracuse, NY 13208-1566 | NY | 1947-07 | $154,496 |
| 7 | Italian American War Veterans Of The Us Inc, Dominick-Smaldone Post | 247 Grand Ave, Saratoga Spgs, NY 12866-3820 | NY | 1967-01 | $156,822 |
| 8 | Italian Board Of Guardians Inc | 7403 18th Ave, Brooklyn, NY 11204-5614 | NY | 1946-03 | $67,396 |
| 9 | Italian Charities Inc, Rochester Italian Charities | 280 Kenneth Dr Ste 100, Rochester, NY 14623-5263 | NY | 1988-07 | $533,736 |
| 10 | Italian Charities Of America Inc | 8320 Queens Blvd, Elmhurst, NY 11373-4245 | NY | 1952-02 | $135,852 |
| 11 | Italian City Club Inc | 400 Columbus Ave Ste 200e, Valhalla, NY 10595-1392 | NY | 1978-05 | $1 |
| 12 | Italian Club Of Staten Island Foundation Inc | C/O 148 New Dorp Lane, Staten Island, NY 10306 | NY | 1988-07 | $68,548 |
| 13 | Italian Community Center Charitable Foundation Of Troy Ny Inc | 1450 5th Ave, Troy, NY 12180-4137 | NY | 1970-03 | $456,077 |
| 14 | Italian Culinary Foundation | 19 East 26th Street, New York, NY 10010-1404 | NY | 2007-03 | $0 |
| 15 | Italian Genealogical Group Inc | PO BOX 626, Bethpage, NY 11714 | NY | 1996-04 | $0 |
| 16 | Italian Grand Council Of Westchester Inc | One Generoso Pope Pl, Tuckahoe, NY 10707 | NY | 2004-04 | $1 |
| 17 | Italian Heritage And Culture Committee Of New York Inc | 686 Park Ave, New York, NY 10065-5009 | NY | 1982-02 | $31,275 |
| 18 | Italian Historical Society Of America | 7522 13th Ave, Brooklyn, NY 11228-2410 | NY | 1963-07 | $16,527 |
| 19 | Italian Hospital Society Inc | 509 Westchester Ave, Rye Brook, NY 10573-2816 | NY | 1941-06 | $1,555 |
| 20 | Italian Language Foundation Inc | 8 E 69th St, New York, NY 10021-4906 | NY | 2008-08 | $12,391 |
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