Milton V Brown Foundation in New Hyde Park, 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
| Milton V Brown Foundation | |
| Employer Identification Number (EIN) | 112775808 |
| Name of Organization | Milton V Brown Foundation |
| Address | PO BOX 148, New Hyde Park, NY 11040-0136 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 08/1986 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $3,974,589 |
| Amount of Income | $103,110 |
| Form 990 Revenue Amount | $88,444 |
Non-representatives - add comments:
Revenue for 2011
Expenses 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 | $88,444 | $108,682 | $108,682 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $31 | |||
| Dividends and interest from securities | $100,210 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $8,441 | |||
| Total expenses and disbursements | $245,758 | $14,690 | $14,690 | $231,068 |
| Compensation of officers, directors, trustees, etc. | $2,500 | |||
| Total operating and administrative expenses | $24,758 | $14,690 | $10,068 | |
| Contributions, gifts, grants paid | $221,000 | |||
| Excess of revenue over expenses and disbursements | $-157,314 | |||
| Net investment income | $93,992 | |||
| Adjusted net income | $93,992 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,121,444 | $4,349,063 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,776,492 | |
| Investments-corporate bonds | $1,148,650 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,196,302 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,121,444 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-20,238 |
| 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 | $1,880 |
| Total credits and payments | $6,236 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $6,236 |
| 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 |
| Overpayment | $4,356 |
| Amount to be credited to 2012 estimated tax | $4,356 |
| 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? | 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? | 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 | $4,483,787 |
| Net value of noncharitable-use assets | $4,416,540 |
| Minimum investment return | $220,827 |
| Distributable Amount (for 2011) | |
| Distributable amount | $218,947 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $218,947 |
| 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 |
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| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Milton And Shirley Glaser Foundation Inc | 207 E 32nd St, New York, NY 10016-6305 | NY | 1994-10 | $5,000 |
| 2 | Milton And Sylvia Birnbaum Foundation | 1429 54th St, Brooklyn, NY 11219-4228 | NY | 2002-06 | $628 |
| 3 | Milton B Rosenbluth Fund Inc | 100 Crossways Park Dr W Ste 405, Woodbury, NY 11797-2012 | NY | 1988-10 | $152,853 |
| 4 | Milton Carpenter Foundation Inc | PO BOX 9, Claryville, NY 12725-0009 | NY | 1984-08 | $246,706 |
| 5 | Milton Cooper Family Foundation | 3333 New Hyde Park Rd Ste 100, New Hyde Park, NY 11042-1205 | NY | 1987-07 | $428,074 |
| 6 | Milton Feldman Foundation Inc | 277 Broadway Ste 601, New York, NY 10007-2029 | NY | 1961-05 | $102,770 |
| 7 | Milton Greenberg Foundation | 365 Maple St, W Hempstead, NY 11552-3252 | NY | 2001-02 | $10 |
| 8 | Milton Pollack Family Foundation Inc | 50 Popham Rd, Scarsdale, NY 10583-4253 | NY | 1957-12 | $161,579 |
| 9 | Milton School P T O | Milton School - Hewlett Avenue, Rye, NY 10580 | NY | 1998-09 | $233,895 |
| 10 | Milton Shalom & Sons Foundation | 450 W 33rd St, New York, NY 10001-2603 | NY | 1987-04 | $174,700 |
| 11 | Milton V Brown Foundation | PO BOX 148, New Hyde Park, NY 11040-0136 | NY | 1986-08 | $103,110 |
| 12 | Milton Weinstock Charitable Foundation | 1572 54th St, Brooklyn, NY 11219-4344 | NY | 1998-11 | $50,227 |
| 13 | Mimi Abrons Foundation Inc | 28 Rigene Rd, Harrison, NY 10528-1223 | NY | 1994-06 | $29,794 |
| 14 | Mimi Chow Art Center Inc | 13815 Franklin Ave Apt 616, Flushing, NY 11355-3306 | NY | 1996-12 | $34,277 |
| 15 | Mimi Garrard Dance Company Inc | 521 5th Avenue No 1700, New York, NY 10175-0003 | NY | 1973-01 | $7,585 |
| 16 | Minchas Zikaron Foundation | 1624 46th St, Brooklyn, NY 11204-1177 | NY | 2000-01 | $5,153 |
| 17 | Mincolla Foundation, Wolfe Catherine E & A Mincolla Ttee | 60 Tipperary Way, Ballston Lake, NY 12019-2236 | NY | 1999-11 | $8,202 |
| 18 | Mind And Body Network Inc | 200 Rector Pl Apt 28n, New York, NY 10280-1171 | NY | 1996-03 | $49 |
| 19 | Mind Body And Soul Of Western New | 880 Elmgrove Rd, Rochester, NY 14624-1320 | NY | 2003-03 | $86,953 |
| 20 | Mind Builders Creative Arts Co | 3415 Olinville Ave, Bronx, NY 10467-5612 | NY | 1979-07 | $1,438,270 |
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