Krishanamurthy Tandon 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
- Organizations performing similar types of work
| Krishanamurthy Tandon Foundation Inc | |
| Employer Identification Number (EIN) | 043744965 |
| Name of Organization | Krishanamurthy Tandon Foundation Inc |
| In Care of Name | M Baharestani Cpa |
| Address | C/O M Baharestani 148 Madison Ave, New York, NY 10016 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $21,848,969 |
| Amount of Income | $26,951,972 |
| Form 990 Revenue Amount | $5,312,448 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $26,951,972 (it was $19,072,605 in 2012)
| This organization: | $26,951,972 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $21,848,969 (it was $21,320,360 in 2012)
| This organization: | $21,848,969 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $2,538,193
| This organization: | $2,538,193 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 10.6
| Krishanamurthy Tandon Foundation Inc: | 10.6 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 101.5%
| This organization: | 101.5% |
| Other organizations performing similar types of work: | 22.8% |
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 | $9,407,906 | $295,944 | $-123,179 | |
| Contributions, gifts, grants, etc., received | $9,546,766 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $295,944 | |||
| Gross rents | $0 | |||
| Gross loss from sales of goods | $-123,179 | |||
| Gross sales less returns and allowances | $-246,939 | |||
| Less: Cost of goods sold | $123,760 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $2,538,193 | $23,246 | $1,913 | $2,412,490 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $228,540 | $23,246 | $102,837 | |
| Contributions, gifts, grants paid | $2,309,653 | |||
| Excess of revenue over expenses and disbursements | $6,869,713 | |||
| Net investment income | $272,698 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $21,320,360 | $21,447,258 |
| Cash - non-interest-bearing | $8,213,934 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $9,499,636 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $3,503,690 | |
| Other | $103,100 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $21,320,360 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-311,625 |
| 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 | $5,454 |
| Total credits and payments | $7,840 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,840 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $6,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $2,386 |
| Amount to be credited to 2013 estimated tax | $2,386 |
| 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)? | Yes |
| 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 | $17,344,843 |
| Net value of noncharitable-use assets | $17,084,680 |
| Minimum investment return | $854,234 |
| Distributable Amount (for 2012) | |
| Distributable amount | $848,780 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $848,780 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
Leir Foundation Inc in New York, NY
 |
|
Arquetopia Foundation Inc, Arquetopia Foundation For Development in New York, NY
|
| Stein Senior Center Inc in New York, NY |
| The Bridge Inc in New York, NY |
|
Lucis Trust And Arcane School in New York, NY
|
Crawfish For Cancer Inc in New York, NY
 |
| National Council Of Ghanaian Association Inc in New York, NY |
|
Tay-Bandz Inc in New York, NY
|
| Polish American Immigration And Relief Committee Inc in New York, NY |
|
Stationary Engineers Fireman Mntnce & Bldg Srvc Union Loc 670 Wlfr Fnd in New York, NY
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Leona M & Harry B Helmsley Charitable Trust | 230 Park Ave Rm 659, New York, NY 10169-0698 | NY | 2000-05 | $3,583,632,795 |
| 2 | The Stanton Foundation | 1430 Broadway, New York, NY 10018-3308 | NY | 1991-09 | $272,615,823 |
| 3 | Simons Foundation Inc | 160 5th Ave Fl 7, New York, NY 10010-7037 | NY | 1995-02 | $189,054,047 |
| 4 | Timothy And Michele Barakett Foundation, Timothy R Barakett Ttee | 767 Fifth Avenue, New York, NY 10153-0023 | NY | 2008-12 | $177,772,737 |
| 5 | Sidney E Frank Charitable Foundation | 20 Cedar St, New Rochelle, NY 10801-5247 | NY | 2006-06 | $168,945,535 |
| 6 | Secunda Family Foundation Inc | PO BOX 1510, New York, NY 10150-1510 | NY | 2008-01 | $66,411,989 |
| 7 | Big East Conference Inc | 655 Third Ave Ste 711, New York, NY 10017-5621 | NY | 2015-04 | $51,000,000 |
| 8 | 136 Fund | Baptiste / Schulte 919 Third Av, New York, NY 10022 | NY | 2010-08 | $50,527,717 |
| 9 | J&j Independent Foundation | 1251 Ave Of Th Amer, New York, NY 10020-1104 | NY | 2014-09 | $50,125,726 |
| 10 | Himan Brown Charitable Tr, Richard L Kay Ttee | 7 Times Square, New York, NY 10036-6524 | NY | 2010-11 | $49,842,453 |
| 11 | Jacques And Natasha Gelman Foundation | 260 Madison Ave, New York, NY 10016-2401 | NY | 2014-09 | $39,990,954 |
| 12 | Tansy Charitable Foundation, Eric Wepsic Ttee | 1166 Ave Of Americas 5th Fl, New York, NY 10036 | NY | 2010-08 | $33,659,332 |
| 13 | The Philanthropists Charity | 181 Beach 135th St, Belle Harbor, NY 11694-1303 | NY | 2008-08 | $33,595,354 |
| 14 | The Staten Island Foundation | 260 Christopher Lane Suite 3b, Staten Island, NY 10314-1607 | NY | 1999-04 | $31,545,125 |
| 15 | Source Of Hope Foundation | 667 Madison Ave Fl 17b, New York, NY 10065-8029 | NY | 2009-06 | $27,313,175 |
| 16 | Krishanamurthy Tandon Foundation Inc | C/O M Baharestani 148 Madison Ave, New York, NY 10016 | NY | 2004-01 | $26,951,972 |
| 17 | Bader Family Foundation, Lars E Bader Ttee | 1475 Franklin Ave, Garden City, NY 11530-1662 | NY | 2010-04 | $24,775,979 |
| 18 | Stephen P Hanson Family Foundation Inc | 2109 Broadway Apt 1518, New York, NY 10023-2151 | NY | 2009-11 | $22,431,372 |
| 19 | Egl Charitable Foundation | 40 W 57th St Ste 1440, New York, NY 10019-4001 | NY | 2011-05 | $21,530,532 |
| 20 | Rts Family Foundation | PO BOX 860, Saratoga Spgs, NY 12866-0860 | NY | 1999-03 | $21,429,137 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Krishanamurthy Tandon Foundation Inc »
Non-representatives - add comments about Krishanamurthy Tandon Foundation Inc»