The Flax Trust in New York, New York (NY)
Table of contents:
| The Flax Trust | |
| Employer Identification Number (EIN) | 251482764 |
| Name of Organization | The Flax Trust |
| Address | 320 Park Ave Frnt 4, New York, NY 10022-6815 |
| Activities | Elimination of prejudice and discrimination (race, religion, sex, national origin, etc) |
| Subsection | Charitable Organization |
| Ruling Date | 06/1985 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $97,559 |
| Amount of Income | $104,990 |
| Form 990 Revenue Amount | $82,328 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: International Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $104,990 (it was $63,568 in 2012)
| This organization: | $104,990 |
| Other organizations performing similar types of work: | $503,831 |
Assets in 2013: $97,559 (it was $90,774 in 2012)
| The Flax Trust: | $97,559 |
| Other organizations performing similar types of work: | $337,871 |
Expenses in 2013: $75,543
| The Flax Trust: | $75,543 |
| Other organizations performing similar types of work: | $473,857 |
Income to expenses ratio in 2013: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 14.6%
| The Flax Trust: | 14.6% |
| Other organizations performing similar types of work: | 64.2% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $48,696 | $63,568 | $82,328 |
| Contributions, gifts, grants, and similar amounts received | $16,420 | $33,050 | $12,000 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $32,276 | $30,518 | $70,328 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $47,044 | $46,580 | $92,990 |
| Less: direct expenses from gaming and fundraising events | $14,768 | $16,062 | $22,662 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $47,850 | $69,442 | $75,543 |
| Total net assets | $96,648 | $90,774 | $97,559 |
| Excess/Deficit for the year | $846 | $-5,874 | $6,785 |
| Net assets or fund balances at beginning of year | $95,802 | $96,648 | $90,774 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $90,774 | $97,559 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $96,648 | $90,774 | $97,559 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $96,648 | $90,774 | $97,559 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $155,094 |
| Subtotal Support | $155,094 |
| Gifts, grants, contributions, and membership fees received | $155,094 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $472,863 |
| Public Support | $155,094 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $317,769 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Romanian-American Enterprise Fund | 545 5th Ave Rm 300, New York, NY 10017-3652 | NY | 1995-09 | $8,303,368 |
| 2 | Albanian-American Enterprise Fund | 780 3rd Ave Fl 46, New York, NY 10017-2024 | NY | 1995-09 | $6,721,218 |
| 3 | Defense Enterprise Fund, Inc | New York, NY 10111 | NY | $153,810 | |
| 4 | South-North Development Initiative Inc | 535 Park Avenue 1-C, New York, NY 10021-8167 | NY | 1991-08 | $38,297 |
| 5 | Technoserve Inc | 1 Mechanic St, Norwalk, CT 06850-3431 | CT | 1969-04 | $84,219,376 |
| 6 | Dress For Success Worldwide | 32 E 31st Street, New York, NY 10016-6881 | NY | 1999-07 | $17,753,607 |
| 7 | Serrv International Inc | PO BOX 365, New Windsor, MD 21776-0365 | MD | 1998-11 | $11,075,355 |
| 8 | Endeavor Global Inc | 900 Broadway Ste 301, New York, NY 10003-1240 | NY | 1997-10 | $10,286,284 |
| 9 | Financial Services Volunteer Corps Inc | 10 E 53rd St Fl 36, New York, NY 10022-5052 | NY | 1990-08 | $5,429,917 |
| 10 | Junior Achievement Of New York | 420 Lexington Ave Rm 205, New York, NY 10170-0299 | NY | 1994-05 | $3,854,227 |
| 11 | Village Enterprise Fund Inc | 751 Laurel St 222, San Carlos, CA 94070-3113 | CA | 1988-02 | $1,641,355 |
| 12 | Shared Interest Inc | 121 W 27th St Ste 805, New York, NY 10001-6262 | NY | 1995-09 | $1,462,990 |
| 13 | Women Thrive Worldwide, Womens Edge | 1726 M St Nw Ste 1075, Washington, DC 20036-4527 | DC | 1999-02 | $982,923 |
| 14 | Junior Achievement Of Northeastern New York | 8 Stanley Cir, Latham, NY 12110-2606 | NY | 1994-05 | $982,073 |
| 15 | Ten Thousand Village National Capital Area Inc | 915 King Street, Alexandria, VA 22314-3089 | VA | 1995-05 | $766,091 |
| 16 | One World Goods Inc | 3349 Monroe Avenue, Rochester, NY 14618-5513 | NY | 1994-04 | $740,896 |
| 17 | Seed Capital Development Fund Ltd | 1280 5th Ave Apt 8a, New York, NY 10029-7806 | NY | 1992-12 | $507,649 |
| 18 | The Flax Trust | 320 Park Ave Frnt 4, New York, NY 10022-6815 | NY | 1985-06 | $104,990 |
| 19 | Molise Economic Planning And Development Foundation Inc | 110 East 59th Street 22nd Floor, New York, NY 10022 | NY | 2009-08 | $0 |
| 20 | New Ideas For Export Development Aid Inc | 2 Beekman Place, New York, NY 10022-8058 | NY | 1992-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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