J M S Foundation Inc in Massapequa, 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
| J M S Foundation Inc | |
| Employer Identification Number (EIN) | 061507500 |
| Name of Organization | J M S Foundation Inc |
| In Care of Name | Brother Robert Smith |
| Address | 134 Hunter Ridge Rd N, Massapequa, NY 11758-2707 |
| Activities | Other religious activities |
| Subsection | Charitable Organization |
| Ruling Date | 08/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,588,760 |
| Amount of Income | $264,401 |
| Form 990 Revenue Amount | $45,591 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Religion Related, Spiritual Development (Not Elsewhere Classified) |
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 | $325,979 | $223,523 | $229,694 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $3,508 | |||
| Dividends and interest from securities | $220,015 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $102,456 | |||
| Total expenses and disbursements | $141,815 | $24,432 | $29,599 | $90,534 |
| Compensation of officers, directors, trustees, etc. | $60,000 | |||
| Total operating and administrative expenses | $99,645 | $24,432 | $48,364 | |
| Contributions, gifts, grants paid | $42,170 | |||
| Excess of revenue over expenses and disbursements | $184,164 | |||
| Net investment income | $199,091 | |||
| Adjusted net income | $200,095 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,476,289 | $3,476,289 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,877,201 | |
| Investments-corporate bonds | $1,270,517 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $328,571 | |
| Total liabilities | $6,150 | |
| Mortgages and other notes payable | $0 | |
| Other | $6,150 | |
| Total liabilities and net assets/fund balances | $3,470,139 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $102,456 |
| 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 | $1,991 |
| Total credits and payments | $2,064 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,064 |
| 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 |
| Tax due | $0 |
| Overpayment | $73 |
| Amount to be credited to 2013 estimated tax | $73 |
| 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? | Yes |
| 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? | Yes |
| 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 | $3,184,150 |
| Net value of noncharitable-use assets | $3,136,380 |
| Minimum investment return | $156,819 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $156,819 | $27,532 | $17,992 | $65,255 | $267,598 |
| Qualifying distributions made directly for active conduct of exempt activities | $90,534 | $122,380 | $82,452 | $39,219 | $334,585 |
| 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 | $104,546 | $103,642 | $105,101 | $97,855 | $411,144 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $480 | $0 | $565 | $1,045 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $480 | $0 | $565 | $1,045 |
| Gross investment income | $223,523 | $79,617 | $60,690 | $67,437 | $431,267 |
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| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | J Howard And Brenda Lagrange Johnson And Family Foundation | 19 E 72nd St Apt 9d, New York, NY 10021-4193 | NY | 1998-09 | $300,032 |
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| 3 | J I Sopher Charitable Foundation Inc | 370 Lexington Ave, New York, NY 10017-6503 | NY | 2007-02 | $50,000 |
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| 5 | J Ira And Nicki Harris Foundation Inc | 77 Water St Ste 9th Fl, New York, NY 10005-4401 | NY | 1998-02 | $1,032,999 |
| 6 | J Jerome Reddy Foundation Inc | 191 Joralemon Street, Brooklyn, NY 11201 | NY | 1994-10 | $110,445 |
| 7 | J Lagano Family Foundation | 46 Riviera Dr S, Massapequa, NY 11758-8514 | NY | 1998-03 | $10,257 |
| 8 | J Lawrence Werther Research Foundation | 1060 5th Ave, New York, NY 10128-0104 | NY | 1990-02 | $134,181 |
| 9 | J M A Foundation Inc | 888 Park Aveste 9c, New York, NY 10075 | NY | 1994-04 | $17,157 |
| 10 | J M Hodges Educational Fund Trust | 201 N Union St, Olean, NY 14760-2738 | NY | 1992-02 | $31,543 |
| 11 | J M S Foundation Inc | 134 Hunter Ridge Rd N, Massapequa, NY 11758-2707 | NY | 1998-08 | $264,401 |
| 12 | J Mandle Performance Inc | 246 West 38th Street, New York, NY 10018-5805 | NY | 1996-10 | $20,238 |
| 13 | J Marberger Stuart Foundation Inc | 369 Carpenter Ave, Sea Cliff, NY 11579-2030 | NY | 1993-07 | $375 |
| 14 | J Michael Iii And Geraldine A Joyce Foundation | 665 Fifth Ave, New York, NY 10022-5305 | NY | 2005-12 | $3,958 |
| 15 | J O D Foundation Inc | 263 9th Ave Apt 9a, New York, NY 10001-6607 | NY | 1981-02 | $1 |
| 16 | J O G Family Foundation | 1140 57th St, Brooklyn, NY 11219-4521 | NY | 2005-09 | $179,631 |
| 17 | J P Dreibelbis Trust For University Of Texas | PO BOX 1297, New York, NY 10008-1297 | NY | $374,345 | |
| 18 | Jp Morgan Chase Foundation | 270 Park Avenue 4th Floor, New York, NY 10017-2014 | NY | 1969-12 | $226,931,124 |
| 19 | J Patterson Ua Patterson Burial Ground 24-205660 | C/O Nbt Bank Na 52 South Broad St, Norwich, NY 13815 | NY | $147 | |
| 20 | J Paul Wynne Charitable Tr 18-255170 | 52 S Broad St, Norwich, NY 13815-1646 | NY | 1992-07 | $2,974,308 |
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