Myths And Facts Inc in Forest Hills, 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
| Myths And Facts Inc | |
| Employer Identification Number (EIN) | 050538790 |
| Name of Organization | Myths And Facts Inc |
| In Care of Name | Eli E Hertz |
| Address | C/O Eli Hertz 24 Greenway South, Forest Hills, NY 11375 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $73,920 |
| Amount of Income | $52,268 |
| Form 990 Revenue Amount | $38,610 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: Research Institutes and/or Public Policy Analysis |
Non-representatives - add comments:
Amount of income in 2013: $52,268 (it was $18,045 in 2012)
| This organization: | $52,268 |
| Other organizations performing similar types of work: | $155,090 |
Assets in 2013: $73,920 (it was $25,351 in 2012)
| This organization: | $73,920 |
| Other organizations performing similar types of work: | $50,365 |
Expenses in 2012: $27,846
| This organization: | $27,846 |
| Other organizations performing similar types of work: | $181,226 |
Income to expenses ratio in 2012: 1.9
| This organization: | 1.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 99.9%
| This organization: | 99.9% |
| Other organizations performing similar types of work: | 96.4% |
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 | $18,045 | $20 | $20 | |
| Contributions, gifts, grants, etc., received | $18,025 | |||
| Interest on savings and temporary cash investments | $20 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $27,846 | $0 | $0 | $27,846 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $27,846 | $0 | $27,846 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-9,801 | |||
| Net investment income | $20 | |||
| Adjusted net income | $20 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $25,351 | $25,351 |
| 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 | $25,351 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $25,351 | |
| 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? | 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 | $30,833 |
| Net value of noncharitable-use assets | $30,380 |
| Minimum investment return | $1,519 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,519 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,519 |
| 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 | $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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Conflict And Development Foundation | 502 Florence St, Castroville, TX 78009-4002 | TX | 2012-10 | $8,835,187 |
| 2 | Transatlantic Partners Against Aids | 110 William St, New York, NY 10038-3901 | NY | 2003-11 | $2,771,195 |
| 3 | Independent Diplomat Inc | 45 E 20th St Fl 6, New York, NY 10003-1308 | NY | 2008-09 | $2,457,927 |
| 4 | Global Financial Integrity | 1100 17th Street Nw Ste 505, Washington, DC 20036 | DC | 2012-10 | $2,424,001 |
| 5 | World Policy Institute Inc | 108 W 39th St Rm 1000, New York, NY 10018-8267 | NY | 2008-06 | $804,693 |
| 6 | Mr & Mrs Sh Wong Center For The Study Of Multinational Corporation | 1922 Tice Valley Blvd Po Box 24, Walnut Creek, CA 94595 | CA | 2014-11 | $750,000 |
| 7 | Immigration Equality Action Fund Inc | 40 Exchange Pl Ste 1300, New York, NY 10005-2744 | NY | 2009-12 | $305,021 |
| 8 | Media Caravan Inc, Media Watch International | 42 E 69th St, New York, NY 10021-5003 | NY | 2003-11 | $291,536 |
| 9 | Global Colors Inc | 1 Little West 12th St, New York, NY 10014-1302 | NY | 2005-11 | $244,016 |
| 10 | Untold News | 900 5th Ave, New York, NY 10021-4157 | NY | 2010-08 | $183,383 |
| 11 | Myths And Facts Inc | C/O Eli Hertz 24 Greenway South, Forest Hills, NY 11375 | NY | 2003-04 | $52,268 |
| 12 | Institute For Empirical Research In Political Economy | 726 Broadway Rm 764, New York, NY 10003-9502 | NY | 2005-10 | $10,797 |
| 13 | American Friends Of The French Center On The United States | 870 5th Ave, New York, NY 10065-4953 | NY | 2007-03 | $0 |
| 14 | Carey Institute For Global Good Inc C/O Wm Polk Carey Estate Llc | 55 East 59th Street No 1700, New York, NY 10022 | NY | 2012-11 | $0 |
| 15 | Cimera Of The United States Inc | PO BOX 309, New York, NY 10025-0006 | NY | 2004-03 | $0 |
| 16 | Institute For Integrated International Inc | 62 Beach Street, New York, NY 10013 | NY | 2007-07 | $0 |
| 17 | Millennium Initiative Inc | 50 West 85th Street, New York, NY 10024 | NY | 2006-03 | $0 |
| 18 | The Human Rights Based Counter Terrorism Initiative Inc | 1764 East 22 Street, Brooklyn, NY 11229 | NY | 2010-04 | $0 |
| 19 | Thephronesis Group Inc | 353 W 117th St 2c, New York, NY 10026 | NY | 2006-03 | $0 |
| 20 | Third World Images | 1300 Hoe Ave Apt 4c, Bronx, NY 10459-1686 | NY | 2006-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 115 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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