The Krusos Foundation Inc in Lloyd Harbor, 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
The Krusos Foundation Inc | |
Employer Identification Number (EIN) | 113241704 |
Name of Organization | The Krusos Foundation Inc |
Address | 22 Mallard Dr, Lloyd Harbor, NY 11743-9712 |
Activities | Preservation of natural resources (conservation) |
Subsection | Charitable Organization |
Ruling Date | 05/1996 |
Deductibility | Contributions are deductible |
Foundation | Private operating foundation (other) |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 11/2012 |
Assets | $500,000 to $999,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $541,922 |
Amount of Income | $115,211 |
Form 990 Revenue Amount | $91,979 |
National Taxonomy of Exempt Entities (NTEE) | Environmental Quality, Protection and Beautification: Natural Resources Conservation and Protection |
Non-representatives - add comments:
Amount of income in 2012: $115,211 (it was $91,979 in 2011)
The Krusos Foundation Inc: | $115,211 |
Other organizations performing similar types of work: | $87,307 |
Assets in 2012: $541,922 (it was $638,393 in 2011)
This organization: | $541,922 |
Other organizations performing similar types of work: | $146,544 |
Expenses in 2012: $98,615
The Krusos Foundation Inc: | $98,615 |
Other organizations performing similar types of work: | $68,469 |
Income to expenses ratio in 2012: 1.2
The Krusos Foundation Inc: | 1.2 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 3,037.0%
The Krusos Foundation Inc: | 3,037.0% |
Other organizations performing similar types of work: | 91.7% |
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 | $3,211 | $1 | $1 | |
Contributions, gifts, grants, etc., received | $97,519 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $0 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Total expenses and disbursements | $98,615 | $0 | $22,598 | $75,675 |
Compensation of officers, directors, trustees, etc. | $25,759 | |||
Total operating and administrative expenses | $98,615 | $0 | $75,675 | |
Contributions, gifts, grants paid | $0 | |||
Excess of revenue over expenses and disbursements | $-95,404 | |||
Net investment income | $1 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $541,922 | $1,005,276 |
Cash - non-interest-bearing | $10,980 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $34,000 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $496,942 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $541,922 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $0 |
Net capital loss | $-94,308 |
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 | $0 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $0 |
Overpayment | $0 |
Amount to be credited to 2013 estimated tax | $0 |
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)? | 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 | $19,440 |
Net value of noncharitable-use assets | $19,140 |
Minimum investment return | $957 |
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 | $1 | $0 | $0 | $0 | $1 |
Qualifying distributions made directly for active conduct of exempt activities | $75,675 | $85,377 | $89,559 | $116,931 | $367,542 |
Value of all assets | $1 | $0 | $0 | $0 | $1 |
Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
2/3 of minimum investment return | $638 | $0 | $0 | $0 | $638 |
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 | $1 | $1 | $3,377 | $3,379 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | South Shore Association Of Oneida Lake Inc | 6690 S Bay Rd, Cicero, NY 13039-9766 | NY | 1976-08 | $368,820 |
2 | St Bartholomews Conservancy Inc | 325 Park Ave, New York, NY 10022-6814 | NY | 1993-04 | $53,555 |
3 | Somers Land Trust Inc | Po Box 248, Somers, NY 10589 | NY | 1993-07 | $25,463 |
4 | African Society For Animal Protection Inc | 175 W 79th St 10e, New York, NY 10024-6450 | NY | 1990-03 | $0 |
5 | Alliance For America Foundation | PO BOX 449, Caroga Lake, NY 12032-0449 | NY | 1994-08 | $0 |
6 | Anti-Mine Alliance | PO BOX 7725, Highland, NY 12528 | NY | 1996-07 | $0 |
7 | Bermudian Landmark Preservation Ltd | 605 Third Ave, New York, NY 10158-0180 | NY | 1992-03 | $0 |
8 | Center For Wildlife Awareness And Rehabilitation Inc | 356 Golden Hill Road, Cornwallville, NY 12418 | NY | 1996-05 | $0 |
9 | Fort Totten Conservancy Inc | 18605 Wexford Ter, Jamaica, NY 11432-2412 | NY | 1998-05 | $0 |
10 | Genesee Valley Developmental Learning Group Inc | 45 W Main St, Leroy, NY 14482-1305 | NY | 1992-04 | $0 |
11 | Honeoye Valley Association Inc | Po Box 165, Honeoye, NY 14471 | NY | 1995-09 | $0 |
12 | Lynx With The Earth Inc | PO BOX 117, Raquette Lake, NY 13436-0117 | NY | 1991-08 | $0 |
13 | Nassau Union Of Concerned Citizens Inc | 99 Old Rt 20, East Nassau, NY 12062 | NY | 1996-08 | $0 |
14 | North American Coalition For Christianity And Ecology Inc, Network Alliance Of Congregations Caring For Earth | 10 Wesley Street, Center Moriches, NY 11934 | NY | 1988-05 | $0 |
15 | Northern Catskills Audubon Society Inc | Po Box 68, Palenville, NY 12463 | NY | 1995-11 | $0 |
16 | Open Space Council | Po Box 275, Brookhaven, NY 11719 | NY | 1995-07 | $0 |
17 | Putnam Highlands Audubon Society | Po Box 292, Cold Spring, NY 10516 | NY | 1991-06 | $0 |
18 | Resources Development Foundation | Local, New York, NY 10025 | NY | 1985-01 | $0 |
19 | Southern Tier Environmental Educators Network | Finch Hollow Nature Center 1394 Oakdale Road, Johnson City, NY 13790 | NY | 1992-10 | $0 |
20 | White Otter Fish And Game Club | Po Box 21, Woodgate, NY 13494 | NY | 1995-09 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 695 |
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