Will & Vision Foundation in Hauppauge, 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
Will & Vision Foundation | |
Employer Identification Number (EIN) | 205352963 |
Name of Organization | Will & Vision Foundation |
In Care of Name | Accountants World |
Address | 140 Fell Court, Hauppauge, NY 11788-4379 |
Subsection | Charitable Organization |
Ruling Date | 06/2007 |
Deductibility | Contributions are deductible |
Foundation | Private operating foundation (other) |
Organization | Corporation |
Tax Period | 07/2011 |
Assets | $1 to $9,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $61 |
Amount of Income | $30,650 |
Form 990 Revenue Amount | $30,650 |
National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: International Relief |
Non-representatives - add comments:
Amount of income in 2011: $30,650 (it was $15,500 in 2010)
Will & Vision Foundation: | $30,650 |
Other organizations performing similar types of work: | $210,000 |
Assets in 2011: $61 (it was $522 in 2010)
This organization: | $61 |
Other organizations performing similar types of work: | $116,027 |
Expenses in 2011: $31,111
Will & Vision Foundation: | $31,111 |
Other organizations performing similar types of work: | $197,359 |
Income to expenses ratio in 2011: 1.0
This organization: | 1.0 |
Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2011: 100.0%
This organization: | 100.0% |
Other organizations performing similar types of work: | 99.0% |
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 | $30,650 | $0 | $0 | |
Contributions, gifts, grants, etc., received | $30,650 | |||
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 | $31,111 | $266 | $0 | $30,400 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $861 | $266 | $150 | |
Contributions, gifts, grants paid | $30,250 | |||
Excess of revenue over expenses and disbursements | $-461 | |||
Net investment income | $0 | |||
Adjusted net income | $0 |
Balance Sheets (for 2011) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $61 | $61 |
Cash - non-interest-bearing | $61 | |
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 | $61 |
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 | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $0 |
Amount to be credited to 2012 estimated tax | $0 |
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? | Yes |
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? | Yes |
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)? | Yes |
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 | $1,010 |
Net value of noncharitable-use assets | $1,000 |
Minimum investment return | $50 |
Distributable Amount (for 2011) | |
Distributable amount | $50 |
Undistributed Income (for 2011) | |
Distributable amount for 2011 | $50 |
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 | $1 | $0 | $0 | $0 | $1 |
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 | Yele Haiti Foundation Inc | 27th Floor, New York, NY 10038 | NY | 2001-03 | $15,941,122 |
2 | Torah Relief Society Inc | 235 East Broadway, New York, NY 10002-5600 | NY | 1943-07 | $3,997,363 |
3 | Zion Orphanage Inc | 6927 181st St, Fresh Meadows, NY 11365-3531 | NY | 1961-07 | $512,935 |
4 | St Joseph The Worker Ltd | 280 Saratoga St, Cohoes, NY 12047-3121 | NY | 1999-09 | $406,976 |
5 | Servants Of The Poor Of The Third World Inc | 112 13th Ave, W Babylon, NY 11704-4558 | NY | 1994-10 | $182,746 |
6 | United Nations Womens Guild | 1 United Nations Plaza Dc 1 Ste 775, New York, NY 10017 | NY | 1959-03 | $140,269 |
7 | American Friends Of Swisscontact Inc | 210 Park Place 5b, Brooklyn, NY 11238 | NY | 2009-03 | $105,000 |
8 | World Aid New York Inc | 1657 Broadway 4th Floor, New York, NY 10019-6700 | NY | 1999-05 | $47,248 |
9 | Swetes Reunion Committee | 3042 Westchester Ave, Bronx, NY 10461-4533 | NY | 2008-08 | $43,274 |
10 | Will & Vision Foundation | 140 Fell Court, Hauppauge, NY 11788-4379 | NY | 2007-06 | $30,650 |
11 | Friends Of Akuffo Tom School Complex | 23 Jennifer Road, Glenville, NY 12302 | NY | 2007-12 | $6,342 |
12 | Lalibela Project International Corp | 244 Madison Ave Ste 4530, New York, NY 10016-2817 | NY | 2008-07 | $60 |
13 | World Concern With Compassion Inc | 1250 Fifth Ave, New York, NY 10029-4438 | NY | 1999-08 | $1 |
14 | Ahavas Chesed Inc | 788 E 18th St, Brooklyn, NY 11230-1803 | NY | 2002-10 | $0 |
15 | Aviela Inc | Po Box 82, Cherry Plain, NY 12040 | NY | 1997-12 | $0 |
16 | Cherith International Inc | 7727 Roder Pkwy, Ontario, NY 14519-9365 | NY | 2001-05 | $0 |
17 | Colombian Relief Fund Inc | 140 East 57th Street, New York, NY 10022 | NY | 1999-04 | $0 |
18 | Commitee In Memory Of Flight 587 In | 95-11 103rd Ave, Ozone Park, NY 11417 | NY | 2006-12 | $0 |
19 | Dieah Inc | 1529 Jericho Tpke, New Hyde Park, NY 11040-4712 | NY | 2009-07 | $0 |
20 | Franciscan Missionary Charities Inc | 38 W 32nd St Ste 910-C, New York, NY 10001-3816 | NY | 1946-03 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 927 |
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