Otsar Kassin Foundation Inc in Brooklyn, 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
| Otsar Kassin Foundation Inc | |
| Employer Identification Number (EIN) | 510168548 |
| Name of Organization | Otsar Kassin Foundation Inc |
| Address | 1815 E 3rd St, Brooklyn, NY 11223-1936 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1975 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2011 |
| Assets | $1 to $9,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $349 |
| Amount of Income | $23,265 |
| Form 990 Revenue Amount | $23,265 |
Non-representatives - add comments:
Expenses 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 | $23,265 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $23,265 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $27,066 | $0 | $0 | $27,001 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $65 | $0 | $0 | |
| Contributions, gifts, grants paid | $27,001 | |||
| Excess of revenue over expenses and disbursements | $-3,801 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $349 | $0 |
| Cash - non-interest-bearing | $349 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $349 | |
| 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 | $20 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $20 |
| 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 | $20 |
| Amount to be credited to 2012 estimated tax | $20 |
| 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? | 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| 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 |
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| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Otego United Methodist Church | PO BOX 288, Otego, NY 13825-0288 | NY | 1974-10 | $6,540 |
| 2 | Other Theater Inc | 260 West Broadway, New York, NY 10013 | NY | 1967-06 | $7 |
| 3 | Otis A Thompson Foundation Inc | C/O Nbt Bank Na 52 S Broad St, Norwich, NY 13815 | NY | 1965-06 | $383,146 |
| 4 | Otis Thompson Fbo Chenango Memorial Hospital | C/O Nbt Bank Na 52 S Broad St, Norwich, NY 13815 | NY | 1977-10 | $454,029 |
| 5 | Otis Thompson Fbo United Fund Of Norwich | C/O Nbt Bank Na 52 S Broad St, Norwich, NY 13815 | NY | 1978-01 | $73,075 |
| 6 | Otolaryngology Fund | Pkco Llp 1 Old Country Rd, Carle Place, NY 11514 | NY | 1979-01 | $68,503 |
| 7 | Otolaryngology Research & Education Foundation Inc | 425 W 59th St, New York, NY 10019-1104 | NY | 1994-05 | $24,475 |
| 8 | Otsar Corp | PO BOX 490, Oneonta, NY 13820-0490 | NY | 1981-07 | $390,455 |
| 9 | Otsar Early Childhood Center | 2324 W 13th St, Brooklyn, NY 11223-5639 | NY | 1993-04 | $3,466,528 |
| 10 | Otsar Family Services Inc | 2334 W 13th St, Brooklyn, NY 11223-5639 | NY | 1982-06 | $3,184,164 |
| 11 | Otsar Kassin Foundation Inc | 1815 E 3rd St, Brooklyn, NY 11223-1936 | NY | 1975-10 | $23,265 |
| 12 | Otsego 2000 Inc | PO BOX 1130, Cooperstown, NY 13326-6130 | NY | 1984-03 | $286,052 |
| 13 | Otsego County Chamber Of Commerce Inc | 189 Main St Ste 201, Oneonta, NY 13820-2580 | NY | 1940-07 | $239,977 |
| 14 | Otsego County Conservation Assn Inc | PO BOX 931, Cooperstown, NY 13326-5931 | NY | 1973-02 | $290,930 |
| 15 | Otsego County Deputy Sheriffs Benevolent Association | 172 County Highway 33 W, Cooperstown, NY 13326 | NY | 1951-10 | $19,159 |
| 16 | Otsego County Development Corp | PO BOX 129, Oneonta, NY 13820-0129 | NY | 1961-10 | $1,642,146 |
| 17 | Otsego County Fair Association Inc | PO BOX 469, Morris, NY 13808-0469 | NY | 1963-06 | $70,782 |
| 18 | Otsego Electric Cooperative Inc | PO BOX 128, Hartwick, NY 13348-0128 | NY | 1946-01 | $7,536,248 |
| 19 | Otsego Land Trust Inc | PO BOX 173, Cooperstown, NY 13326-0173 | NY | 1989-02 | $644,481 |
| 20 | Otsego Rural Housing Assistance Inc | PO BOX 189, Milford, NY 13807-0189 | NY | 1985-07 | $747,553 |
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