Seed Capital Development Fund Ltd in New York, 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
| Seed Capital Development Fund Ltd | |
| Employer Identification Number (EIN) | 521751172 |
| Name of Organization | Seed Capital Development Fund Ltd |
| In Care of Name | Keith Palzer |
| Address | 1280 5th Ave Apt 8a, New York, NY 10029-7806 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $175,629 |
| Amount of Income | $507,649 |
| Form 990 Revenue Amount | $22,126 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: International Economic Development |
Non-representatives - add comments:
Amount of income in 2012: $507,649 (it was $22,126 in 2011)
| This organization: | $507,649 |
| Other organizations performing similar types of work: | $503,831 |
Assets in 2012: $175,629 (it was $142,365 in 2011)
| Seed Capital Development Fund Ltd: | $175,629 |
| Other organizations performing similar types of work: | $337,871 |
Expenses in 2012: $450,914
| Seed Capital Development Fund Ltd: | $450,914 |
| Other organizations performing similar types of work: | $473,857 |
Income to expenses ratio in 2012: 1.1
| Seed Capital Development Fund Ltd: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: -0.0%
| This organization: | -0.0% |
| Other organizations performing similar types of work: | 64.2% |
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 | $-689,899 | $51,643 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $178 | |||
| Dividends and interest from securities | $58,682 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-7,217 | |||
| Total expenses and disbursements | $450,914 | $2,245 | $0 | $410,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $40,914 | $2,245 | $0 | |
| Contributions, gifts, grants paid | $410,000 | |||
| Excess of revenue over expenses and disbursements | $-1,140,813 | |||
| Net investment income | $49,398 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $175,629 | $175,629 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $50,235 | |
| Other | $125,394 | |
| Total liabilities | $9,798 | |
| Mortgages and other notes payable | $0 | |
| Other | $9,798 | |
| Total liabilities and net assets/fund balances | $165,831 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-741,542 |
| 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 | $494 |
| Total credits and payments | $794 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $794 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $300 |
| Amount to be credited to 2013 estimated tax | $300 |
| 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? | 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 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 | $141,380 |
| Net value of noncharitable-use assets | $139,260 |
| Minimum investment return | $6,963 |
| Distributable Amount (for 2012) | |
| Distributable amount | $6,469 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $6,469 |
| 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 | Romanian-American Enterprise Fund | 545 5th Ave Rm 300, New York, NY 10017-3652 | NY | 1995-09 | $8,303,368 |
| 2 | Albanian-American Enterprise Fund | 780 3rd Ave Fl 46, New York, NY 10017-2024 | NY | 1995-09 | $6,721,218 |
| 3 | Defense Enterprise Fund, Inc | New York, NY 10111 | NY | $153,810 | |
| 4 | South-North Development Initiative Inc | 535 Park Avenue 1-C, New York, NY 10021-8167 | NY | 1991-08 | $38,297 |
| 5 | Technoserve Inc | 1 Mechanic St, Norwalk, CT 06850-3431 | CT | 1969-04 | $84,219,376 |
| 6 | Dress For Success Worldwide | 32 E 31st Street, New York, NY 10016-6881 | NY | 1999-07 | $17,753,607 |
| 7 | Serrv International Inc | PO BOX 365, New Windsor, MD 21776-0365 | MD | 1998-11 | $11,075,355 |
| 8 | Endeavor Global Inc | 900 Broadway Ste 301, New York, NY 10003-1240 | NY | 1997-10 | $10,286,284 |
| 9 | Financial Services Volunteer Corps Inc | 10 E 53rd St Fl 36, New York, NY 10022-5052 | NY | 1990-08 | $5,429,917 |
| 10 | Junior Achievement Of New York | 420 Lexington Ave Rm 205, New York, NY 10170-0299 | NY | 1994-05 | $3,854,227 |
| 11 | Village Enterprise Fund Inc | 751 Laurel St 222, San Carlos, CA 94070-3113 | CA | 1988-02 | $1,641,355 |
| 12 | Shared Interest Inc | 121 W 27th St Ste 805, New York, NY 10001-6262 | NY | 1995-09 | $1,462,990 |
| 13 | Women Thrive Worldwide, Womens Edge | 1726 M St Nw Ste 1075, Washington, DC 20036-4527 | DC | 1999-02 | $982,923 |
| 14 | Junior Achievement Of Northeastern New York | 8 Stanley Cir, Latham, NY 12110-2606 | NY | 1994-05 | $982,073 |
| 15 | Ten Thousand Village National Capital Area Inc | 915 King Street, Alexandria, VA 22314-3089 | VA | 1995-05 | $766,091 |
| 16 | One World Goods Inc | 3349 Monroe Avenue, Rochester, NY 14618-5513 | NY | 1994-04 | $740,896 |
| 17 | Seed Capital Development Fund Ltd | 1280 5th Ave Apt 8a, New York, NY 10029-7806 | NY | 1992-12 | $507,649 |
| 18 | The Flax Trust | 320 Park Ave Frnt 4, New York, NY 10022-6815 | NY | 1985-06 | $104,990 |
| 19 | Molise Economic Planning And Development Foundation Inc | 110 East 59th Street 22nd Floor, New York, NY 10022 | NY | 2009-08 | $0 |
| 20 | New Ideas For Export Development Aid Inc | 2 Beekman Place, New York, NY 10022-8058 | NY | 1992-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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