Marvin And Helene Gralnick Foundation Inc in Sanibel, Florida (FL)

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Marvin And Helene Gralnick Foundation Inc
Employer Identification Number (EIN)650445458
Name of OrganizationMarvin And Helene Gralnick Foundation Inc
Address2340 Periwinkle Way Ste M1, Sanibel, FL 33957-3220
ActivitiesCare and housing of children (orphanage, etc), Prevention of cruelty to children, Gifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date06/1995
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$4,950,184
Amount of Income$302,859
Form 990 Revenue Amount$277,752
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Residential, Custodial Care


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Amount of income in 2014: $302,859 (it was $320,454 in 2013)
Marvin And Helene Gralnick Foundation Inc: 

 $302,859
Other organizations performing similar types of work: 

 $648,025

Assets in 2014: $4,950,184 (it was $5,170,913 in 2013)
This organization: 

 $4,950,184
Other organizations performing similar types of work: 

 $655,646

Expenses in 2013: $373,992
Marvin And Helene Gralnick Foundation Inc: 

 $373,992
Other organizations performing similar types of work: 

 $654,426

Income to expenses ratio in 2013: 0.8
Marvin And Helene Gralnick Foundation Inc: 

 0.8
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
Marvin And Helene Gralnick Foundation Inc: 

 0.0%
Other organizations performing similar types of work: 

 2.4%

Financial snapshot ($)

Revenue for 2013

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$320,454$320,454$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$24
Dividends and interest from securities$22,401
Gross rents$7,200
Gross sales price for all assets$1,773,429
Gross profit from sales of goods$0
Other income$0
Other$290,829
Total expenses and disbursements$373,992$86,802$0$287,190
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$45,920
Accounting fees$7,933
Interest$0
Depreciation$2,437
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$127,192$86,802$40,390
Contributions, gifts, grants paid$246,800
Excess of revenue over expenses and disbursements$-53,538
Net investment income$233,652
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$5,539,712$4,942,440$5,224,451$4,588,459$5,170,913$4,461,426
Cash - non-interest-bearing$457,269$0$0
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$4,994,723$4,721,110$4,329,825
Other assets$89,568$90,799
Total liabilities$0$0$0
Total liabilities and net assets/fund balances$5,539,712$5,224,451$5,170,913
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$272,188$138,423$290,829
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$1,807$237$2,337
Total credits and payments$2,900$1,993$1,756
Current year estimated tax payments and previous year's overpayment credited to current year$2,900$1,993$1,756
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$581
Overpayment$1,756$0
Amount to be credited to next year's estimated tax$1,093$1,756$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?YesYesNo
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$5,208,575$4,732,171$4,496,843
Net value of noncharitable-use assets$4,661,188$4,429,390
Minimum investment return$256,522$233,059$221,470
Distributable Amount
201120122013
Distributable amount$0$0$219,133
Undistributed Income
201120122013
Distributable amount for this year$0$0$219,133
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$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
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$24$0
Dividends and interest from securities$22,401$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
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Kids In Distress Foundation Incorporated819 Ne 26th Bldg A, Wilton Manors, FL 33305-1239FL1998-10$6,718,174
2Alternative Care Inc, Alternative Care2213 Ne 8th Ave, Gainesville, FL 32641-4734FL1995-05$1,363,541
3Fern House Inc1958 Church St, West Palm Bch, FL 33409-4103FL1984-05$837,235
4Green Isle Foundation Inc1375 County Road 565a, Clermont, FL 34711FL1988-07$648,025
5Central Florida Childrens Home IncPO BOX 574955, Orlando, FL 32857-4955FL1975-09$568,063
6Marvin And Helene Gralnick Foundation Inc2340 Periwinkle Way Ste M1, Sanibel, FL 33957-3220FL1995-06$302,859
7United Cerebral Palsy Of Tallahassee9040 Sunset Dr, Miami, FL 33173-3432FL1995-09$240,801
8Infants In Need Inc725 N Greenway Dr, Coral Gables, FL 33134-4828FL1988-07$191,787
9Henderson Center Residential Services Inc4740 N State Road 7 Ste 201, Laud Lakes, FL 33319-5839FL1985-08$115,005
10Operation Pedro Pan Group Inc161 Madeira Avenue, Coral Gables, FL 33134FL1992-03$57,713
11Arms Of Agape Inc1515 Paul Russell Rd Apt 34, Tallahassee, FL 32301-6048FL1997-07$0
12Community Alternative Services Agency Inc7946 Bahama Ave, Port Richey, FL 34668-5938FL1997-01$0
13Faithful Families Inc2603 Sw Brim Street, Lake City, FL 32024FL1995-02$0
14Family Support Service Network Inc, None None2130 N W 204 Street, Miami Gardens, FL 33056FL1994-08$0
15Florida Keys Juvenile Services Inc216 Orange Blossom Road, Tavernier, FL 33070-2753FL1995-01$0
16Loving Space Inc1557 Silver Beach Rd, Riviera Beach, FL 33404-2048FL1995-06$0
17Medic Of Illinois, C-O Jeanne Lang3318 Se 22nd Ave, Cape Coral, FL 33904-4421FL1992-11$0
18Misty Morning Inc10033 Mlk St N 102, St Petersburg, FL 33716FL1991-04$0
19Mount Olive Community Development Center Inc40 Nw 4th Ave, Delray Beach, FL 33444FL1995-08$0
20New Hope Youth Homes Inc2395 N Tuttle Ave, Sarasota, FL 34234-7835FL1993-01$0
Number of organizations performing similar types of work
Alaska1
Alabama17
Arkansas8
Arizona6
California107
Colorado16
District of Columbia3
Delaware3
Florida22
Georgia9
Hawaii1
Iowa6
Idaho3
Illinois20
Indiana12
Kansas10
Kentucky7
Louisiana4
Massachusetts13
Maryland12
Maine6
Michigan21
Minnesota9
Missouri14
Mississippi4
Montana3
North Carolina17
North Dakota1
Nebraska4
New Hampshire4
New Jersey15
New Mexico4
Nevada3
New York19
Ohio25
Oklahoma2
Oregon9
Pennsylvania19
Rhode Island5
South Carolina9
South Dakota1
Tennessee11
Texas43
Utah2
Virginia10
Vermont3
Washington7
Wisconsin11
West Virginia3
Wyoming1
International2
Total567

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