Sarona Global Investment Fund Inc in Lancaster, Pennsylvania (PA)
Table of contents:
| Sarona Global Investment Fund Inc | |
| Employer Identification Number (EIN) | 233026901 |
| Name of Organization | Sarona Global Investment Fund Inc |
| Address | 1891 Santa Barbara Dr Ste 201, Lancaster, PA 17601-4106 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2002 |
| 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 | 06/2014 |
| Assets | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $21,662 |
| Amount of Income | $1,600 |
| Form 990 Revenue Amount | $1,600 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: International Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $1,600 (it was $3,000 in 2013)
| This organization: | $1,600 |
| Other organizations performing similar types of work: | $503,831 |
Assets in 2014: $21,662 (it was $58,353 in 2013)
| This organization: | $21,662 |
| Other organizations performing similar types of work: | $337,871 |
Expenses in 2014: $260
| Sarona Global Investment Fund Inc: | $260 |
| Other organizations performing similar types of work: | $473,857 |
Income to expenses ratio in 2014: 6.2
| This organization: | 6.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 64.2% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $5,100 | $3,000 | $1,600 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $5,100 | $3,000 | $1,600 |
| 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 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $205 | $257 | $260 |
| Total net assets | $107,025 | $54,216 | $19,125 |
| Excess/Deficit for the year | $4,895 | $2,743 | $1,340 |
| Net assets or fund balances at beginning of year | $200,015 | $107,025 | $52,876 |
| Other changes in net assets or fund balances | $-97,885 | $-55,552 | $-35,091 |
| Net assets or fund balances at end of year | $54,216 | $20,465 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $109,163 | $58,353 | $21,662 |
| Total liabilities | $2,138 | $4,137 | $2,537 |
| Net assets or fund balances | $107,025 | $54,216 | $19,125 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $55,900 |
| Subtotal Support | $322,000 |
| Gifts, grants, contributions, and membership fees received | $322,000 |
| 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 | $266,100 |
| Total Support | $322,000 |
| Public Support | $322,000 |
| 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 | $0 |
| Gross receipts from related activities, etc. | $34,500 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Technoserve Inc | 1 Mechanic St, Norwalk, CT 06850-3431 | CT | 1969-04 | $84,219,376 |
| 2 | Mennonite Economic Development Associates | 1891 Santa Barbara Dr Ste 201, Lancaster, PA 17601-4106 | PA | 1981-12 | $15,362,848 |
| 3 | Serrv International Inc | PO BOX 365, New Windsor, MD 21776-0365 | MD | 1998-11 | $11,075,355 |
| 4 | Junior Achievement Of Western Pennsylvania Inc | 1 Allegheny Ctr Ste 430, Pittsburgh, PA 15212-5408 | PA | 1994-05 | $3,193,268 |
| 5 | American Friends Of The New Economic School Inc, Afnes | Dept Of Economics Pennsylvania, University Park, PA 16802 | PA | 1996-05 | $2,751,250 |
| 6 | Village Enterprise Fund Inc | 751 Laurel St 222, San Carlos, CA 94070-3113 | CA | 1988-02 | $1,641,355 |
| 7 | Shared Interest Inc | 121 W 27th St Ste 805, New York, NY 10001-6262 | NY | 1995-09 | $1,462,990 |
| 8 | Junior Achievement Of South Central Pennsylvania | 610 S George St, York, PA 17401-3131 | PA | 1994-05 | $1,112,390 |
| 9 | Women Thrive Worldwide, Womens Edge | 1726 M St Nw Ste 1075, Washington, DC 20036-4527 | DC | 1999-02 | $982,923 |
| 10 | Junior Achievement Of Delaware Valley | 993 Old Eagle School Rd Ste 410, Wayne, PA 19087-1710 | PA | 1994-05 | $828,404 |
| 11 | Ten Thousand Village National Capital Area Inc | 915 King Street, Alexandria, VA 22314-3089 | VA | 1995-05 | $766,091 |
| 12 | All Seasons Community Services | 530-2 St, Kenyon, MN 55946 | MN | 1988-09 | $721,211 |
| 13 | Junior Achievement Of Central Pennsylvania | 2420 Gehman Lane Suite 100, Lancaster, PA 17602-1138 | PA | 1994-05 | $574,690 |
| 14 | Junior Achievement Of Northeastern Pennsylvania | 1122 Oak St, Pittston Twp, PA 18640-3727 | PA | 1994-05 | $539,723 |
| 15 | Self Help Crafts Of The World West | 701 Gettysburg Pike, Mechanicsburg, PA 17055-5723 | PA | 1993-03 | $509,707 |
| 16 | Ue Research And Education Fund | One Gateway Center Ste 1400, Pittsburgh, PA 15222 | PA | 1995-06 | $483,792 |
| 17 | Junior Achievement Of Berks County | 601 Penn St 1st Fl, Reading, PA 19601-3544 | PA | 1994-05 | $461,477 |
| 18 | Sostenica Inc | 1019 Ashley Rd, West Chester, PA 19382-7560 | PA | 2001-11 | $227,776 |
| 19 | Sarona Global Investment Fund Inc | 1891 Santa Barbara Dr Ste 201, Lancaster, PA 17601-4106 | PA | 2002-06 | $1,600 |
| 20 | Nick Berg Memorial Fund, Nick Berg Initiative | 160 Bridle Path, Coatsville, PA 19320 | PA | 2006-02 | $0 |
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