Richard A & Helene M Monaghan Family Foundation, Monaghan Richard A Ttee 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
- Organizations performing similar types of work
| Richard A & Helene M Monaghan Family Foundation, Monaghan Richard A Ttee | |
| Employer Identification Number (EIN) | 046907347 |
| Name of Organization | Richard A & Helene M Monaghan Family Foundation |
| Secondary Name | Monaghan Richard A Ttee |
| In Care of Name | Ayco Company Lp Tax Department |
| Address | PO BOX 15014, Albany, NY 12212-5014 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2001 |
| 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 | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,321,990 |
| Amount of Income | $2,711,365 |
| Form 990 Revenue Amount | $350,711 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $2,711,365 (it was $1,360,179 in 2012)
| Richard A & Helene M Monaghan Family Foundation, Monaghan Richard A Ttee: | $2,711,365 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2013: $1,321,990 (it was $1,580,110 in 2012)
| This organization: | $1,321,990 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2012: $330,638
| This organization: | $330,638 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2012: 8.2
| This organization: | 8.2 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 1.8%
| Richard A & Helene M Monaghan Family Foundation, Monaghan Richard A Ttee: | 1.8% |
| Other organizations performing similar types of work: | 98.7% |
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 | $113,222 | $111,156 | $0 | |
| Contributions, gifts, grants, etc., received | $2,066 | |||
| Interest on savings and temporary cash investments | $139 | |||
| Dividends and interest from securities | $37,813 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,076 | |||
| Other | $71,128 | |||
| Total expenses and disbursements | $330,638 | $19,097 | $0 | $306,506 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $24,132 | $19,097 | $0 | |
| Contributions, gifts, grants paid | $306,506 | |||
| Excess of revenue over expenses and disbursements | $-217,416 | |||
| Net investment income | $92,059 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,580,110 | $1,660,451 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,370,308 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $209,802 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,580,110 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $71,128 |
| 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 | $921 |
| Total credits and payments | $3,908 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,908 |
| 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 | $2,987 |
| Amount to be credited to 2013 estimated tax | $2,987 |
| 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 | $1,698,642 |
| Net value of noncharitable-use assets | $1,673,160 |
| Minimum investment return | $83,658 |
| Distributable Amount (for 2012) | |
| Distributable amount | $82,737 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $82,737 |
| 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 | The Jpb Foundation | 9 West 57th St 38th Fl, New York, NY 10019-2701 | NY | 2012-01 | $2,423,718,336 |
| 2 | The@macmillan Family Foundation Inc | 909 3rd Ave Fl 16, New York, NY 10022-4797 | NY | 2003-01 | $55,276,816 |
| 3 | The Saigh Foundation, Robinson Willard T | 600 Fifth Ave, New York, NY 10020-2302 | NY | 1999-04 | $32,270,200 |
| 4 | Schlumberger Foundation Inc | 100 Park Ave Fl 9, New York, NY 10017-5596 | NY | 1969-09 | $25,485,459 |
| 5 | Susan Isabel Foundation | One Penn Plaze Ste 3000, New York, NY 10119 | NY | 2011-05 | $12,761,248 |
| 6 | Thomas D And Denise R Stern Family Foundation | 1375 Broadway, New York, NY 10018-7001 | NY | 2001-12 | $8,093,831 |
| 7 | Westminster Foundation | 465 Main St Ste 510, Buffalo, NY 14203-1713 | NY | 2005-11 | $5,079,046 |
| 8 | Select Equity Group Foundation | 380 Lafayette St Ste 6th Fl, New York, NY 10003-6933 | NY | 2000-11 | $4,614,559 |
| 9 | James And Victoria Chang Family Foundation | 1115 Fifth Ave No 14a, New York, NY 10128-0100 | NY | 2012-09 | $3,980,033 |
| 10 | Jane And Michael Hoffman Foundation, Michael B Hoffman Ttee | 712 5th Ave Fl 51, New York, NY 10019-4137 | NY | 2013-05 | $3,195,410 |
| 11 | Time Warner Foundation Inc | One Time Warner Center, New York, NY 10019-6038 | NY | 1999-04 | $3,001,026 |
| 12 | Danoff Fam Private Charitable Foundation Tr, William A Danoff Et Al Co-Ttee | PO BOX 15014, Albany, NY 12212-5014 | NY | 2012-01 | $2,782,755 |
| 13 | Zarrella Family Foundation Inc | 30b Grove St, Pittsford, NY 14534-1334 | NY | 2012-04 | $2,690,141 |
| 14 | Kimura Foundation Inc | 104 Fargo Ln, Irvington, NY 10533-3207 | NY | 2011-02 | $2,580,176 |
| 15 | W & T Sote Tua Fbo Luth Home | 1100 Wehrle Dr 2nd Fl, Buffalo, NY 14221-7748 | NY | 2011-02 | $2,107,656 |
| 16 | Towerbrook Foundation | 65 E 55th St Fl 27, New York, NY 10022-3362 | NY | 2007-05 | $1,783,335 |
| 17 | The Brett And Patricia Barakett Foundation | 767 Fifth Ave, New York, NY 10153-0023 | NY | 2005-06 | $1,365,139 |
| 18 | Tucker Gosnell Family Foundation | 625 Clinton Sq, Rochester, NY 14604 | NY | 2002-03 | $1,234,915 |
| 19 | Boyer-Snyder Family Foundation | 333 Central Park W Apt 86, New York, NY 10025-7105 | NY | 2011-03 | $1,133,611 |
| 20 | Stephanie S Kata Foundation, Kata Stephanie S Et Al Ttee | 5784 Widewaters Pkwy Fl 2, Dewitt, NY 13214-1878 | NY | 1999-09 | $1,024,901 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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