Michael & Margaret Picotte Foundation Inc in Albany, 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
| Michael & Margaret Picotte Foundation Inc | |
| Employer Identification Number (EIN) | 061307349 |
| Name of Organization | Michael & Margaret Picotte Foundation Inc |
| In Care of Name | Ddm R Weiser |
| Address | 20 Corporate Woods Blvd 600, Albany, NY 12211-2396 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,707,900 |
| Amount of Income | $829,332 |
| Form 990 Revenue Amount | $66,707 |
Non-representatives - add comments:
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 | $167,706 | $167,753 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $53 | |||
| Dividends and interest from securities | $59,255 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-47 | |||
| Other | $108,445 | |||
| Total expenses and disbursements | $141,002 | $3,081 | $0 | $113,887 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $29,502 | $3,081 | $2,387 | |
| Contributions, gifts, grants paid | $111,500 | |||
| Excess of revenue over expenses and disbursements | $26,704 | |||
| Net investment income | $164,672 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,697,111 | $2,712,424 |
| Cash - non-interest-bearing | $9,964 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,087,369 | |
| Investments-corporate bonds | $594,632 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $5,146 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,697,111 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $108,445 |
| 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 | $3,293 |
| Total credits and payments | $13,072 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $13,072 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $9,779 |
| Amount to be credited to 2013 estimated tax | $3,296 |
| 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 | $2,610,344 |
| Net value of noncharitable-use assets | $2,571,180 |
| Minimum investment return | $128,559 |
| Distributable Amount (for 2012) | |
| Distributable amount | $125,266 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $125,266 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $122,838 |
| 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 |
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| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mhhc Foundation Inc | 85 W Burnside Ave, Bronx, NY 10453-4015 | NY | 1987-06 | $785,498 |
| 2 | Mi Casa Housing Development Fund Corp | 49 W 37th St Fl 12, New York, NY 10018-0177 | NY | 2000-10 | $176,496 |
| 3 | Mia K, Na | P O Box 20601, Nyc, NY 10025 | NY | 2001-05 | $70 |
| 4 | Mianus River Gorge Inc | 167 Mianus River Rd, Bedford, NY 10506-1808 | NY | 1993-10 | $1,239,879 |
| 5 | Miao And Feili Charitablefoundation, Miao Wang Ttee | 136 Bowery, New York, NY 10013-4290 | NY | 2008-06 | $2,001 |
| 6 | Mica Foundation | 201 West 86th St, New York, NY 10024-3328 | NY | 1998-11 | $3,272 |
| 7 | Mice Meszaros International Center Of Entrepreneurship Inc | 640 Essjay Villa A, Williamsville, NY 14221 | NY | 2005-06 | $25,235 |
| 8 | Michael & Dudley Del Balso Charitable Trust | 115 Central Park W Apt 8d, New York, NY 10023-4161 | NY | 1991-09 | $444,972 |
| 9 | Michael & Gila Rollhaus Foundation | 14724 75th Ave, Flushing, NY 11367-2932 | NY | 1998-02 | $85,828 |
| 10 | Michael & Joan Dritz Charitable Tr | C/O 20 Cole Drive, Armonk, NY 10504 | NY | $108,652 | |
| 11 | Michael & Margaret Picotte Foundation Inc | 20 Corporate Woods Blvd 600, Albany, NY 12211-2396 | NY | 1992-04 | $829,332 |
| 12 | Michael & Ronne Cosel Foundation | 13 Pleasant Dr, Setauket, NY 11733-1918 | NY | 2007-09 | $340,296 |
| 13 | Michael & Virginia Mortara Foundation | 77 Water St Fl 9, New York, NY 10005-4414 | NY | 1989-02 | $2 |
| 14 | Michael A Peterson Foundation | 712 Fifth Ave, New York, NY 10019-4108 | NY | 2008-02 | $31,634 |
| 15 | Michael A Ricciardi Scholarship Fund | 60 Davis Ave, Staten Island, NY 10310-1676 | NY | 1992-01 | $30,949 |
| 16 | Michael And Carol Miller Foundation Inc | 100 Crossways Park West, Woodbury, NY 11797-2011 | NY | 1981-08 | $243,559 |
| 17 | Michael And Lynee Tarnopol Family Foundation Inc, Foundation Inc | PO BOX 860, Saratoga Spgs, NY 12866-0860 | NY | 1969-03 | $85 |
| 18 | Michael And Ruth Slade Foundation | 114 Piping Rock Rd, Locust Valley, NY 11560-2507 | NY | 1999-05 | $118,093 |
| 19 | Michael And Sarah Marton Family Foundation | 3720 Independence Ave, Riverdale, NY 10463-1429 | NY | 1986-02 | $37,285 |
| 20 | Michael And Shirley Cayre Foundation Inc | 141 Fifth Ave Ste 2nd, New York, NY 10010-7105 | NY | 2000-08 | $533,486 |
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