Warwick Savings Foundation in Warwick, 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
| Warwick Savings Foundation | |
| Employer Identification Number (EIN) | 061504632 |
| Name of Organization | Warwick Savings Foundation |
| In Care of Name | Timothy A Dempsey |
| Address | 28 Railroad Avenue, Warwick, NY 10990-1639 |
| Activities | Other housing activities |
| Subsection | Charitable Organization |
| Ruling Date | 08/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| 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 | $4,747,881 |
| Amount of Income | $1,545,052 |
| Form 990 Revenue Amount | $153,483 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $1,545,052 (it was $1,954,932 in 2012)
| This organization: | $1,545,052 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2013: $4,747,881 (it was $4,835,583 in 2012)
| Warwick Savings Foundation: | $4,747,881 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2012: $269,059
| This organization: | $269,059 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2012: 5.7
| Warwick Savings Foundation: | 5.7 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2012: 0.0%
| Warwick Savings Foundation: | 0.0% |
| Other organizations performing similar types of work: | 0.1% |
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 | $166,545 | $166,545 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $155,534 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $223 | |||
| Other | $10,788 | |||
| Total expenses and disbursements | $269,059 | $8,588 | $0 | $260,471 |
| Compensation of officers, directors, trustees, etc. | $8,000 | |||
| Total operating and administrative expenses | $18,617 | $8,588 | $10,029 | |
| Contributions, gifts, grants paid | $250,442 | |||
| Excess of revenue over expenses and disbursements | $-102,514 | |||
| Net investment income | $157,957 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,835,583 | $5,015,907 |
| Cash - non-interest-bearing | $18,954 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $4,816,629 | |
| Total liabilities | $5,856 | |
| Mortgages and other notes payable | $0 | |
| Other | $5,856 | |
| Total liabilities and net assets/fund balances | $4,829,727 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $10,788 |
| 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 | $3,159 |
| Total credits and payments | $4,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,210 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $2,790 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $51 |
| Tax due | $0 |
| Overpayment | $790 |
| Amount to be credited to 2013 estimated tax | $790 |
| 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 | $4,773,215 |
| Net value of noncharitable-use assets | $4,701,620 |
| Minimum investment return | $235,081 |
| Distributable Amount (for 2012) | |
| Distributable amount | $231,922 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $231,922 |
| 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 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | Soros Fund Charitable Foundation | 888 Seventh Ave 33rd Flr, New York, NY 10106-0001 | NY | 1987-07 | $9,600,015 |
| 3 | Spencer Educational Foundation Inc | 1065 Avenue Of The Americas Rm 13, New York, NY 10018-0713 | NY | 1981-05 | $9,204,277 |
| 4 | The Norwegian Childrens Home Assocation Of New York | PO BOX 280104, Brooklyn, NY 11228-0104 | NY | 1946-07 | $4,838,965 |
| 5 | Warwick Savings Foundation | 28 Railroad Avenue, Warwick, NY 10990-1639 | NY | 1998-08 | $1,545,052 |
| 6 | Westchester Golf Association Caddie Scholarship Fund Inc | 49 Knollwood Road, Elmsford, NY 10523-2821 | NY | 1957-04 | $1,436,608 |
| 7 | Albert Shanker College Scholarship Fund Of The United Fed Of Teachers | 52 Broadway, New York, NY 10004-1603 | NY | 1971-10 | $1,000,287 |
| 8 | Seagle Music Colony Inc, Richard V Mcmanus | PO BOX 366, Schroon Lake, NY 12870-0366 | NY | 1995-10 | $775,527 |
| 9 | The Foundation Of The Rotary Club Of White Plains New York | PO BOX 1712, White Plains, NY 10602-1712 | NY | 1989-12 | $593,370 |
| 10 | Strong-Cuevas Foundation Inc | 211 Central Park West No 5e, New York, NY 10024-6020 | NY | 1995-08 | $549,558 |
| 11 | The Tsvi-Ora Foundation | 73 Wortman Ave, Brooklyn, NY 11207-8326 | NY | 1998-09 | $444,000 |
| 12 | S J Rosica Family Foundation | 100 Corporate Pkwy Ste 136, Amherst, NY 14226-1200 | NY | 1998-05 | $401,631 |
| 13 | Steven H And Alida Brill Scheuer Foundation Inc | 320 E 54th St Apt 2a, New York, NY 10022-5043 | NY | 1993-08 | $374,662 |
| 14 | The Barnard School Foundation | 1636 Third Avenue Pmb 416, New York, NY 10128-3622 | NY | 1995-06 | $278,589 |
| 15 | Students Aid Association - City College - City Univ Of New York | 28 West 44th St C/O Saxbst No 2010, New York, NY 10036-7406 | NY | 1945-01 | $248,711 |
| 16 | Shannon School For Girls | 1100 Wehrle Dr 2nd Fl, Amherst, NY 14221-7748 | NY | 1977-02 | $216,110 |
| 17 | Saratoga Springs Rotary Education Foundation Inc | PO BOX 4423, Saratoga Spgs, NY 12866-8026 | NY | 1997-09 | $165,849 |
| 18 | The Advisory Board Of The High School Of Fashion Industries | 225 W 24th St, New York, NY 10011-1701 | NY | 1957-06 | $155,446 |
| 19 | Womens Civic Club Of Katonah Inc | PO BOX 122, Katonah, NY 10536-0122 | NY | 1938-07 | $103,634 |
| 20 | Ufcw Local 1500 Scholarship Fund | 425 Merrick Ave, Westbury, NY 11590-6601 | NY | 1988-12 | $101,500 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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