John F Russo Jr Memorial Foundation Inc in Geneva, New York (NY)
Table of contents:
| John F Russo Jr Memorial Foundation Inc | |
| Employer Identification Number (EIN) | 463364209 |
| Name of Organization | John F Russo Jr Memorial Foundation Inc |
| In Care of Name | John F Russo Sr |
| Address | 254 Catrer Road, Geneva, NY 14456 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2014 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $39,693 |
| Amount of Income | $66,621 |
| Form 990 Revenue Amount | $48,400 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $66,621 (it was $37,471 in 2013)
| John F Russo Jr Memorial Foundation Inc: | $66,621 |
| Other organizations performing similar types of work: | $60,000 |
Assets in 2014: $39,693 (it was $32,370 in 2013)
| John F Russo Jr Memorial Foundation Inc: | $39,693 |
| Other organizations performing similar types of work: | $38,951 |
Expenses in 2013: $5,101
| This organization: | $5,101 |
| Other organizations performing similar types of work: | $33,868 |
Income to expenses ratio in 2013: 13.1
| This organization: | 13.1 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 50.9%
| This organization: | 50.9% |
| Other organizations performing similar types of work: | 37.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $37,471 |
| Contributions, gifts, grants, and similar amounts received | $19,075 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $4 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $18,392 |
| Gross income from gaming | $0 |
| Gross income from fundraising events | $30,128 |
| Less: direct expenses from gaming and fundraising events | $11,735 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $5,101 |
| Total net assets | $32,370 |
| Excess/Deficit for the year | $32,370 |
| Net assets or fund balances at beginning of year | $0 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $32,370 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $32,370 |
| Total liabilities | $0 |
| Net assets or fund balances | $32,370 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $19,075 |
| Subtotal Support | $19,075 |
| Gifts, grants, contributions, and membership fees received | $19,075 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $49,207 |
| Public Support | $19,075 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $30,128 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Pershing Square Foundation | 10 Melville Park Rd, Melville, NY 11747-3146 | NY | 2009-02 | $10,002,234 |
| 2 | Resolution Project Inc | 6415 Roosevelt Ave, Woodside, NY 11377-3643 | NY | 2009-10 | $424,007 |
| 3 | Kiwanis Club Of Southampton Town Foundation Inc | PO BOX 5040, Southampton, NY 11969-5040 | NY | 2012-08 | $115,038 |
| 4 | Joe And Sue Degeorge Foundation Inc | 3062 Guyanoga Rd, Branchport, NY 14418-9528 | NY | 2014-02 | $107,641 |
| 5 | John F Russo Jr Memorial Foundation Inc | 254 Catrer Road, Geneva, NY 14456 | NY | 2014-05 | $66,621 |
| 6 | Cherry Grove Memorial Fund Inc | 150 E 69th Street Suite 20m, Nyc, NY 10021 | NY | 2003-06 | $46,475 |
| 7 | The Kp Dj Memorial Fund | 43 Hotaling Isand Road, Potsdam, NY 13676 | NY | 2004-05 | $20,105 |
| 8 | Ciudadanos De Tlaxcuapan | 55 Emmett Pl, Yonkers, NY 10703-1927 | NY | 2014-10 | $9,879 |
| 9 | Whow Of Ny Inc | 475 Park Avenue S 18 Fl, New York, NY 10016 | NY | 2014-09 | $5,109 |
| 10 | Nicole Paultre Bell When Its Real Its Forever Fund | 191 Beach 27th Street, Far Rockaway, NY 11691 | NY | 2008-07 | $3,100 |
| 11 | Friends Of Bti And Haiti | One Rectory Street, Rye, NY 10580 | NY | 2011-03 | $1,000 |
| 12 | American Friends Of Mosdos Eli Bezri Inc | 579 5th Ave Rm 707, New York, NY 10017-8812 | NY | 2000-06 | $0 |
| 13 | Big Future Group Inc | 31 Perry Street, New York, NY 10014 | NY | 2013-01 | $0 |
| 14 | Friends Of The Brighton Farmers Market Inc | 50 Far View Hills Road, Rochester, NY 14620 | NY | 2012-05 | $0 |
| 15 | Friends Of The Howland Public Library | 313 Main Street, Beacon, NY 12508 | NY | 2003-07 | $0 |
| 16 | Hard Times Nyc Inc | 510 Broadway Apt 5, New York, NY 10012-4469 | NY | 2009-11 | $0 |
| 17 | Harlem Hands Foundation Inc | 2265 5th Ave Apt 7g, New York, NY 10037-2024 | NY | 2014-09 | $0 |
| 18 | Jonathan C Marden Community Foundation | 230 E 73rd St Apt 8a, New York, NY 10021-4320 | NY | 2014-09 | $0 |
| 19 | Mezzapalooza Foundation Ltd | 105 Hirst Rd, Briarcliff, NY 10510-2549 | NY | 2015-03 | $0 |
| 20 | Mount Nebo Grand Lodge Community Foundation Limited | 1074 Hall Pl, Bronx, NY 10459-2704 | NY | 2015-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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