Saraswat Foundation Inc in Morrisville, Pennsylvania (PA)
Table of contents:
| Saraswat Foundation Inc | |
| Employer Identification Number (EIN) | 222566842 |
| Name of Organization | Saraswat Foundation Inc |
| Address | 178 Norman Dr, Morrisville, PA 19067-3817 |
| Activities | Scholarships (other), Student loans, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1999 |
| 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 | 12/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $67,299 |
| Amount of Income | $30,656 |
| Form 990 Revenue Amount | $30,656 |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $43,726 | $30,080 | $29,404 |
| Contributions, gifts, grants, and similar amounts received | $42,417 | $28,150 | $28,087 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $241 | $157 | $73 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $1,069 | $1,773 | $1,244 |
| Gross income from gaming | $0 | $1,773 | $1,244 |
| Gross income from fundraising events | $1,069 | $0 | $0 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $36,171 | $36,100 | $31,100 |
| Total net assets | $71,889 | $63,939 | $62,243 |
| Excess/Deficit for the year | $7,555 | $-6,020 | $-1,696 |
| Net assets or fund balances at beginning of year | $64,334 | $69,959 | $63,939 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $65,869 | $62,243 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $71,889 | $63,939 | $62,243 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $71,889 | $63,939 | $62,243 |
| 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: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 1 |
| Sum of amounts of support | $30,500 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $127,426 |
| Subtotal | $157,440 |
| Gifts, grants, contributions, and membership fees received | $152,426 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $5,014 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $25,000 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $25,000 |
| Total support | $159,261 |
| Public support | $157,440 |
| Subtotal | $1,815 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,815 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Other organizations in Pennsylvania | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sarah H Wigginton Trust | Pnc Bank 620 Liberty Avenue No 10, Pittsburgh, PA 15222 | PA | 1900-12 | $320,525 |
| 2 | Sarah Heinz House Association | 1 Heinz St, Pittsburgh, PA 15212-5920 | PA | 1938-05 | $2,408,243 |
| 3 | Sarah Hess Tr Uw | PO BOX 6010, Chambersburg, PA 17201-6010 | PA | 2004-09 | $40,504 |
| 4 | Sarah J Carson Charitable Foundation, Carson Sarah & Samuels Michael Ttee | 5 Bayard Rd Apt 113, Pittsburgh, PA 15213-1904 | PA | 2005-08 | $12,599 |
| 5 | Sarah Richards Decd Tr Uw Fbo Meth Epis Church Of Batsto | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | $109 | |
| 6 | Sarah Ridgely Tr Uw | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1977-02 | $11,991 |
| 7 | Sarah Ridgely Tr Uw, Sbr Tr Fd 108368jq014 | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1977-02 | $4,981 |
| 8 | Sarah W Starkweather Pto | 1050 Wilmington Pike, West Chester, PA 19382-7368 | PA | 1995-03 | $75,027 |
| 9 | Sarah Yarborough Charitable Trust | 1101 Red Rose Ln, Villanova, PA 19085-2120 | PA | 1993-07 | $34 |
| 10 | Saramar Charitable Fund Tr, Honickman Jeffrey A Et Al Ttee | 130 S 18th St Unit 3301, Philadelphia, PA 19103-4932 | PA | 2004-01 | $278,369 |
| 11 | Saraswat Foundation Inc | 178 Norman Dr, Morrisville, PA 19067-3817 | PA | 1999-03 | $30,656 |
| 12 | Sarona Global Investment Fund Inc | 1891 Santa Barbara Dr Ste 201, Lancaster, PA 17601-4106 | PA | 2002-06 | $1,600 |
| 13 | Sarver Veterans Club | 641 Sarver Rd, Sarver, PA 16055-9115 | PA | 1963-02 | $375,672 |
| 14 | Sarversville Cemetery Assoc | 234 Fifth Sttreet, Freeport, PA 16229 | PA | 1966-07 | $0 |
| 15 | Sashs Cheerleader Booster Club | 201 Eberly Drive, Shippensburg, PA 17257 | PA | 2002-10 | $0 |
| 16 | Sassamansville Fire Co 1 | PO BOX 255, Sassamansvlle, PA 19472-0255 | PA | 2002-11 | $86,025 |
| 17 | Satchels Of Caring Foundation | PO BOX 644, Bridgeville, PA 15017-0644 | PA | 2004-11 | $58,366 |
| 18 | Satell Family Foundation, Satell Edward M Ttee | 370 Technology Dr, Malvern, PA 19355-1315 | PA | 1994-11 | $364,501 |
| 19 | Satori Ltd | 2985 Fairfield Dr N, Allentown, PA 18103-5531 | PA | 1997-12 | $63,703 |
| 20 | Saturday Club | 117 W Wayne Ave, Wayne, PA 19087-4018 | PA | 2000-08 | $99,309 |
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