Letts Memorial Home in Dundee, 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
| Letts Memorial Home | |
| Employer Identification Number (EIN) | 166030266 |
| Name of Organization | Letts Memorial Home |
| Address | 7 Hollister St, Dundee, NY 14837-1146 |
| Activities | Care and housing for the aged (see also 382), Housing for the aged (see also 153) |
| Subsection | Charitable Organization |
| Ruling Date | 07/1974 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation exempt from paying excise taxes on investment income |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $288,532 |
| Amount of Income | $2,610 |
| Form 990 Revenue Amount | $2,610 |
Non-representatives - add comments:
Revenue for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $2,610 | $2,610 | $2,610 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,110 | |||
| Gross rents | $1,500 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $7,501 | $7,501 | $7,501 | $7,501 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $7,501 | $7,501 | $7,501 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-4,891 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $288,532 | $288,532 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $133,584 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $154,948 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $288,532 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| 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 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $291,077 |
| Net value of noncharitable-use assets | $286,700 |
| Minimum investment return | $14,335 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $0 | $2,081 | $2,082 |
| Qualifying distributions made directly for active conduct of exempt activities | $7,501 | $7,112 | $21,886 | $14,526 | $51,025 |
| Value of all assets | $288,532 | $290,725 | $285,001 | $290,007 | $1,154,265 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $288,532 | $290,725 | $285,001 | $290,007 | $1,154,267 |
| 2/3 of minimum investment return | $9,557 | $9,451 | $9,439 | $9,719 | $38,167 |
| 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 | $7,501 | $7,112 | $21,886 | $14,526 | $51,028 |
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| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lester And Grace Maslow Foundation Inc | 88 Froehlich Farm Blvd No 300, Woodbury, NY 11797-2944 | NY | 1999-10 | $180,273 |
| 2 | Lester And Marjorie Dembitzer Foundation Inc | 25 W 54th St Tower Ste, New York, NY 10019 | NY | 1997-07 | $3,000 |
| 3 | Lester Fund Inc | 11 Park Pl Rm 701, New York, NY 10007-2812 | NY | 2009-05 | $128,317 |
| 4 | Lester Petrillo Memorial Trust Fund For Disabled Musicians, Aka Afm Lester Petrillo Memorial Fu | 1501 Broadway 6th Floor, New York, NY 10036-5601 | NY | 1953-07 | $29,550 |
| 5 | Let All The Children Play Inc | 33 S Service Rd 110, Jericho, NY 11753-1036 | NY | 2006-03 | $282,478 |
| 6 | Let My Children Hear Music Inc, Charles Mingus Institute | 484 W 43rd St Apt 43s, New York, NY 10036-6327 | NY | 1988-06 | $9,760 |
| 7 | Letlotlo Animal Sanctuary | 1065 Ave Of The Americ, New York, NY 10018 | NY | 2003-02 | $700 |
| 8 | Letourneau Christian Center Inc | 4950 County Road 11, Rushville, NY 14544-9723 | NY | 2006-03 | $499,943 |
| 9 | Lets Breakthrough Inc | 4 W 37th St Fl 4, New York, NY 10018-7483 | NY | 2002-02 | $3,298,746 |
| 10 | Lets Get Ready Inc | 50 Broadway Fl 25, New York, NY 10004-3803 | NY | 2000-05 | $2,698,551 |
| 11 | Letts Memorial Home | 7 Hollister St, Dundee, NY 14837-1146 | NY | 1974-07 | $2,610 |
| 12 | Lev Chesed Charity Fund Inc | 90 Croft Ter, New Rochelle, NY 10804-3822 | NY | 2005-09 | $120,582 |
| 13 | Lev Echad Foundation | 14116 72nd Ave, Flushing, NY 11367-2332 | NY | 2009-06 | $2,552,640 |
| 14 | Lev Israel Inc | PO BOX 816, Monsey, NY 10952-0816 | NY | 2001-05 | $60,914 |
| 15 | Lev L'Achim Inc | 1034 E 12th Street, Brooklyn, NY 11230 | NY | 1994-12 | $45,070 |
| 16 | Lev Lalev Inc | 3 College Rd Ste 101, Monsey, NY 10952-2833 | NY | 2008-05 | $758,783 |
| 17 | Lev Leytzan The Compassionate Clown Alley Inc | 290 Central Avenue, Lawrence, NY 11559-8507 | NY | 2004-10 | $40,721 |
| 18 | Lev Tr, Prager Steven D Ttee | 1700 Jericho Tpke, New Hyde Park, NY 11040-4716 | NY | 1993-06 | $26 |
| 19 | Levart Family Foundation | 65 E 55th, New York, NY 10022-3219 | NY | 2008-11 | $1,729,217 |
| 20 | Levenstein Family Foundation Inc | 50 Sutton Pl S Apt 4a, New York, NY 10022-0851 | NY | 1999-09 | $37,604 |
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