Momoko Ito Foundation in San Francisco, California (CA)

Organization representatives - add corrected or new information about Momoko Ito Foundation »

Non-representatives - add comments about Momoko Ito Foundation»

Momoko Ito Foundation
Employer Identification Number (EIN)770462154
Name of OrganizationMomoko Ito Foundation
AddressC/O Benson Neff 1 Post St 2150, San Francisco, CA 94104
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Cultural exchanges with foreign country
SubsectionCharitable Organization
Ruling Date12/1997
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$212,123
Amount of Income$441,774
Form 990 Revenue Amount$357,211
National Taxonomy of Exempt Entities (NTEE)International, Foreign Affairs and National Security: Promotion of International Understanding


Non-representatives - add comments:


CAPTCHA

Your IP address 44.220.245.254 will be logged.

Amount of income in 2013: $441,774 (it was $222,858 in 2012)
This organization: 

 $441,774
Other organizations performing similar types of work: 

 $175,219

Assets in 2013: $212,123 (it was $90,040 in 2012)
Momoko Ito Foundation: 

 $212,123
Other organizations performing similar types of work: 

 $163,783

Expenses in 2013: $315,558
Momoko Ito Foundation: 

 $315,558
Other organizations performing similar types of work: 

 $162,642

Income to expenses ratio in 2013: 1.4
Momoko Ito Foundation: 

 1.4
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 100.0%
Momoko Ito Foundation: 

 100.0%
Other organizations performing similar types of work: 

 42.5%

Financial snapshot ($)

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$441,774$0$0
Contributions, gifts, grants, etc., received$441,774
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$315,558$0$0$313,986
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$0
Interest$0
Depreciation$0
Occupancy$125,805
Travel, conferences, and meetings$51,247
Printing and publications$0
Total operating and administrative expenses$315,558$0$313,986
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$126,216
Net investment income$0
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$156,666$156,666$90,040$90,040$212,123$212,123
Cash - non-interest-bearing$156,666$88,710$210,793
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$0$4,903$770
Mortgages and other notes payable$0$0$0
Other liabilities$4,903$770
Total liabilities and net assets/fund balances$156,666$85,137$211,353
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$0
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$0$0$0
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201120122013
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$64,324$133,355$178,593
Net value of noncharitable-use assets$131,355$175,914
Minimum investment return$3,168$6,568$8,796
Distributable Amount
201120122013
Distributable amount$3,168$6,568$8,796
Undistributed Income
201120122013
Distributable amount for this year$3,168$6,568$8,796
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Momoko Ito Foundation to others? (optional)
  
Add photo of Momoko Ito Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Recently Added Reviews
Trust Funds Inc in San Francisco, CA
*****
Hoi Bac Ai Phanxico Franciscan Charity Inc in San Francisco, CA
****
Bay Area Compensation Association in San Francisco, CA
***•
Progress Unity Fund in San Francisco, CA
*
Community Assembly Of God in San Francisco, CA
*****
Anders & Anders Foundation in San Francisco, CA
*****
Grand Lodge Of The Gran Oriente Filipino in San Francisco, CA
*****
Global Women Intact in San Francisco, CA
*
National Poetry Association Inc in San Francisco, CA
****
San Francisco Paramedic Association in San Francisco, CA
*****
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1International House2299 Piedmont Avenue, Berkeley, CA 94720-2320CA1932-06$24,157,490
2Momoko Ito FoundationC/O Benson Neff 1 Post St 2150, San Francisco, CA 94104CA1997-12$441,774
3San Francisco Shanghai Friendship Committee809 Sacramento St, San Francisco, CA 94108-2116CA1983-05$351,504
4San Francisco Bangalore Sister City Committee IncC/O James Herlihy 101 California, San Francisco, CA 94111CA2010-05$181,137
5San Jose Dublin Sister City Program189 W Santa Clara St, San Jose, CA 95113-1707CA1990-10$119,902
6Santa Barbara Puerto Vallarta Sister Cities CommitteePO BOX 3718, Santa Barbara, CA 93130-3718CA1983-08$97,153
7Sister Cities Of Long Beach Inc400 Oceangate, Long Beach, CA 90802-4307CA1995-09$62,999
8Santa Fe Springs Sister City Committee11565 Claymore St, Santa Fe Spgs, CA 90670-3101CA1986-05$59,931
9Witness For Peace Southwest10432 Amigo Ave, Northridge, CA 91326-3430CA2003-11$27,427
10San Francisco-Paris Sister City Committee Inc950 Rockdale Dr, San Francisco, CA 94127-1725CA1997-12$20,000
11International Relations Council Of RiversidePo Box2221, Riverside, CA 92516-2221CA1995-05$7,605
12Center For International Cooperation And Development2631 16th Ave, San Francisco, CA 94116-3053CA2005-02$0
13Eureka-Kamisu Sister City CorporationPO BOX 350, Eureka, CA 95502-0350CA1996-10$0
14Folk Traditions ConservancyPO BOX 3555, Santa Barbara, CA 93130-3555CA1997-01$0
15Friends Of Metelitsa644 N Daniel Way, San Jose, CA 95128-1311CA1995-07$0
16Humanitarian China22746 7th Street, Hayward, CA 94541CA2007-10$0
17L A St Petersburg Sister City Committee28 Sequoia Tree Ln, Irvine, CA 92612CA1991-10$0
18Matsuyama-Sacramento Sister City CorporationPO BOX 22534, Sacramento, CA 95822CA1982-10$0
19San Diego Intl Sister Cities Assn, San Diego Jeonju Sister City SocietyPo Box 127131, San Diego, CA 92112CA1994-05$0
20Sister Cities Association Of StocktonPO BOX 692105, Stockton, CA 95269CA1965-11$0
Number of organizations performing similar types of work
Alabama2
Arkansas1
Arizona6
California44
Colorado7
Connecticut4
District of Columbia28
Florida5
Georgia2
Hawaii4
Iowa3
Illinois9
Indiana3
Kansas1
Kentucky1
Massachusetts9
Maryland5
Maine2
Michigan5
Minnesota5
Missouri8
Montana1
North Carolina5
New Hampshire2
New Jersey4
Nevada2
New York33
Ohio10
Oklahoma1
Oregon12
Pennsylvania5
South Carolina3
Tennessee2
Texas9
Utah1
Virginia8
Vermont1
Washington6
Wisconsin3
International2
Total264

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Momoko Ito Foundation and has no official or unofficial affiliation with Momoko Ito Foundation