Medway Institute 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in New York
| Medway Institute | |
| Employer Identification Number (EIN) | 576151065 |
| Name of Organization | Medway Institute |
| In Care of Name | Raich Ende Malter Co Llp |
| Address | 475 Park Ave S Fl 31, New York, NY 10016-6901 |
| Activities | Preservation of natural resources (conservation) |
| Subsection | Charitable Organization |
| Ruling Date | 12/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1 |
| Amount of Income | $12,544,878 |
| Form 990 Revenue Amount | $173,357 |
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 | $173,357 | $634 | $162,731 | |
| Contributions, gifts, grants, etc., received | $10,000 | |||
| Interest on savings and temporary cash investments | $6 | |||
| Dividends and interest from securities | $2 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Gross sales less returns and allowances | $-4,747 | |||
| Less: Cost of goods sold | $4,747 | |||
| Other income | $162,723 | |||
| Other | $626 | |||
| Total expenses and disbursements | $789,703 | $13,317 | $5,000 | $659,425 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $789,703 | $13,317 | $659,425 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-616,346 | |||
| Net investment income | $0 | |||
| Adjusted net income | $157,731 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $9,026,316 | $10,845,773 |
| Cash - non-interest-bearing | $52,522 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $8,973,794 | |
| Total liabilities | $1,140,000 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,140,000 | |
| Total liabilities and net assets/fund balances | $7,886,316 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $626 |
| 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? | No |
| 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? | Yes |
| 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? | Yes |
| 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 | $59,017 |
| Net value of noncharitable-use assets | $58,140 |
| Minimum investment return | $2,907 |
| 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 | $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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $45,631 | $0 | $4,563 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $45,631 | $15 | $4,563 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $3,563 |
| Unrelated business taxable income before net operating loss deduction | $4,563 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $4,563 |
| Specific deduction | $1,000 |
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| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mars Hill Broadcasting Co Inc | 4044 Makyes Rd, Syracuse, NY 13215-8683 | NY | 1979-07 | $838,085 |
| 2 | Marshall Alworth Tr Fbo Marshall & Nellie Alworth | PO BOX 1297, New York, NY 10008-1297 | NY | 1981-03 | $11,140,743 |
| 3 | Martin And Toni Sosnoff Foundation | PO BOX 135, Rhinebeck, NY 12572-0135 | NY | 1993-10 | $18,874,091 |
| 4 | Martin Family Foundation | 750 Third Ave, New York, NY 10017-2703 | NY | 1990-09 | $5,815,897 |
| 5 | Master Drawings Association Inc | 225 Madison Ave, New York, NY 10016-3405 | NY | 1967-02 | $431,762 |
| 6 | Mat Charitable Foundation | 780 3rd Ave Rm 2805, New York, NY 10017-2024 | NY | 1994-05 | $12 |
| 7 | Max Kade Foundation | 6 East 87th Street 5th Fl, New York, NY 10128-0505 | NY | 1946-12 | $22,395,640 |
| 8 | Meade Foundation Inc | 15 Wheeler Ave, Hammondsport, NY 14840-9566 | NY | 1990-12 | $280,965 |
| 9 | Medical Motor Service Of Rochester And Monroe County Inc | 608 Clinton Ave S, Rochester, NY 14620-1349 | NY | 1947-05 | $11,095,491 |
| 10 | Medina Railroad Museum | 530a West Ave, Medina, NY 14103-1554 | NY | 1999-02 | $786,301 |
| 11 | Medway Institute | 475 Park Ave S Fl 31, New York, NY 10016-6901 | NY | 1993-12 | $12,544,878 |
| 12 | Meeting Professionals International, Eastern Great Lakes Mpi Chapter | 125 East Main Street, Rochester, NY 14604 | NY | 1981-04 | $9,003,424 |
| 13 | Meeting Professionals International, Greater New York | 7 Fox Run Rd, Briarcliff, NY 10510-1736 | NY | $212,065 | |
| 14 | Mental Patients Liberation Alliance | Po Box 246, Sterling, NY 13156 | NY | 1983-09 | $0 |
| 15 | Mercy Center Ministries Inc | 436 West Main Street, Patchogue, NY 11772-3067 | NY | 1987-01 | $1,243,229 |
| 16 | Mertz Gilmore Foundation | 218 E 18th St, New York, NY 10003-3605 | NY | 1963-10 | $18,022,904 |
| 17 | Mesdag Family Foundation | 77 Water St-9th Fl, New York, NY 10005-4401 | NY | 1992-11 | $1,072,793 |
| 18 | Michael And Paula Rantz Foundation | 77 Water St Fl 9, New York, NY 10005-4414 | NY | 1995-02 | $752,542 |
| 19 | Mihov Foundation | 111 W 67th St Apt 32e, New York, NY 10023-5959 | NY | 2006-02 | $2,669 |
| 20 | Mikveh Association Of Long Island Inc | 132 Southern Pkwy, Plainview, NY 11803-3748 | NY | 1992-07 | $62,235 |
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