Land Light Foundation 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
| Land Light Foundation | |
| Employer Identification Number (EIN) | 204263527 |
| Name of Organization | Land Light Foundation |
| In Care of Name | Ws Group Llc |
| Address | 152 Madison Ave Rm 700, New York, NY 10016-5424 |
| Subsection | Educational Organization |
| Ruling Date | 11/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,906 |
| Amount of Income | $38,576 |
| Form 990 Revenue Amount | $55,186 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Operating Foundations |
Non-representatives - add comments:
Amount of income in 2012: $38,576 (it was $55,186 in 2011)
| Land Light Foundation: | $38,576 |
| Other organizations performing similar types of work: | $45,945 |
Assets in 2012: $1,906 (it was $4,209 in 2011)
| Land Light Foundation: | $1,906 |
| Other organizations performing similar types of work: | $120,180 |
Expenses in 2012: $40,879
| Land Light Foundation: | $40,879 |
| Other organizations performing similar types of work: | $39,714 |
Income to expenses ratio in 2012: 0.9
| Land Light Foundation: | 0.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 2.2% |
Revenue 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 | $38,576 | $1 | $1 | |
| Contributions, gifts, grants, etc., received | $38,575 | |||
| 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 | $40,879 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $40,879 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-2,303 | |||
| Net investment income | $1 | |||
| Adjusted net income | $1 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,906 | $0 |
| 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 | $1,906 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,906 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $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? | 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? | 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| 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 | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $1,906 | $4,209 | $6,916 | $6,653 | $19,684 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Willem De Kooning Foundation | 790 Madison Avenue, New York, NY 10065-6124 | NY | 2001-05 | $73,681,377 |
| 2 | Sapling Foundation | 250 Hudson St Rm 1002, New York, NY 10013-1434 | NY | 2014-08 | $55,063,271 |
| 3 | Pussycat Foundation | 300 W 57 St Eve Burtonhearst Corp, New York, NY 10019 | NY | 2010-12 | $30,019,075 |
| 4 | Tiger Baron Foundation Inc | 233 Broadway Rm 2200, New York, NY 10279-2202 | NY | 2003-03 | $16,505,804 |
| 5 | Shelley & Donald Rubin Cultural Tr Ua 05111999 | 150 West 17th Street, New York, NY 10011 | NY | 1999-08 | $16,495,047 |
| 6 | Case Commons Inc | 71 W 23rd St Fl 2, New York, NY 10010-3520 | NY | 2010-12 | $11,758,898 |
| 7 | Mys Family Us Charitable Foundation Inc | 499 Park Aave 11th Fl, New York, NY 10022 | NY | 2011-05 | $4,000,000 |
| 8 | Truma Foundation | PO BOX 190190, Brooklyn, NY 11219-0190 | NY | 2000-04 | $3,935,237 |
| 9 | Sitchin Foundation Inc | 31 Bloomingdale Dr, Scarsdale, NY 10583-6631 | NY | 2007-11 | $3,672,428 |
| 10 | Guston Foundation | 250 W 82nd St Apt 42, New York, NY 10024-5423 | NY | 2013-05 | $3,181,217 |
| 11 | Wsb Family Foundation | 217 A Boght Rd, Watervliet, NY 12189-1308 | NY | 2014-06 | $3,068,482 |
| 12 | Tippet Rise Foundation | 665 Fifth Ave, New York, NY 10022-5305 | NY | 2012-05 | $1,578,831 |
| 13 | Second Ward Foundation | 599 Rt 7, Ancram, NY 12502-5258 | NY | 2013-07 | $1,071,725 |
| 14 | Ilya And Emilia Kabakov Foundation, Emilia Kabakov & Viola Kanevsky Tte | 1700 Park Ave, Mattituck, NY 11952-2277 | NY | 2012-09 | $803,948 |
| 15 | Vergel Foundation, John B Koegel | 161 Avenue Of The Americas, New York, NY 10013-1205 | NY | 1999-05 | $762,008 |
| 16 | Foundation Associates Llc, Gerald Fischbach Mbr | 505 Park Ave Fl 8, New York, NY 10022-1106 | NY | 2014-08 | $750,000 |
| 17 | Walther Family Foundation | 77 Water St Fl 9, New York, NY 10005-4414 | NY | 2010-01 | $737,131 |
| 18 | Soros Economic Development Fund | 224 W 57th St 9th Fl, New York, NY 10019-3212 | NY | 1994-11 | $602,255 |
| 19 | The@deegan Foundation | PO BOX 110484, Brooklyn, NY 11211-0484 | NY | 2003-12 | $513,600 |
| 20 | Tufenkian Foundation Inc | 919 Third Avenue Street Level, New York, NY 10022 | NY | 1999-06 | $414,542 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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