Carlton-Hill Family Foundation Inc in Westfield, New Jersey (NJ)
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
- Other organizations in New Jersey
| Carlton-Hill Family Foundation Inc | |
| Employer Identification Number (EIN) | 020678498 |
| Name of Organization | Carlton-Hill Family Foundation Inc |
| In Care of Name | James M Obrien |
| Address | 101 Golf Edge Dr, Westfield, NJ 07090-1803 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $11,628 |
| Amount of Income | $202 |
| Form 990 Revenue Amount | $-3,115 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
Non-representatives - add comments:
Expenses 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 | $-3,115 | $474 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $128 | |||
| Dividends and interest from securities | $346 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $35,619 | $150 | $0 | $35,469 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $150 | $150 | $0 | |
| Contributions, gifts, grants paid | $35,469 | |||
| Excess of revenue over expenses and disbursements | $-38,734 | |||
| Net investment income | $324 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $9,574 | $9,574 |
| Cash - non-interest-bearing | $9,574 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $9,574 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-3,589 |
| 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 | $6 |
| Total credits and payments | $203 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $203 |
| 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 | $197 |
| Amount to be credited to 2013 estimated tax | $197 |
| 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? | No |
| 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 | $36,087 |
| Net value of noncharitable-use assets | $35,540 |
| Minimum investment return | $1,777 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,771 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,771 |
| 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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| Other organizations in New Jersey | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Carl And Gloria Lagrassa Family Foundation | 4 Paisley Ln, Basking Ridge, NJ 07920-3735 | NJ | 1998-09 | $538,468 |
| 2 | Carl And Mary Gross Fam Foundation Tr, Gross Carl & Mary Ttee | PO BOX 5008, Freehold, NJ 07728-5008 | NJ | 2001-10 | $75,222 |
| 3 | Carl E Padovano Memorial Scholarship Fund Inc | 20 Hillcrest Avenue, Montvale, NJ 07645 | NJ | 1993-01 | $184 |
| 4 | Carl Lagrassa And Gloria Lagrassa Family Foundation | 4 Paisley Ln, Basking Ridge, NJ 07920-3735 | NJ | 2005-03 | $1 |
| 5 | Carl Lewis Fund Inc | 55 Washington St Ste 309, East Orange, NJ 07017-1443 | NJ | 2001-03 | $2,093 |
| 6 | Carl Peralta Memorial Fund Inc | 89 Pelican Rd, Middletown, NJ 07748-3237 | NJ | 2007-11 | $412 |
| 7 | Carl W Goetz Middle School Parent Teacher Network Corporation | 835 Patterson Rd, Jackson, NJ 08527-4936 | NJ | 2007-02 | $45,018 |
| 8 | Carlson Family Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 2000-11 | $201,307 |
| 9 | Carlstadt Firefighters Foundation Inc | 500 Madison St, Carlstadt, NJ 07072-1549 | NJ | 2008-05 | $56,583 |
| 10 | Carlstadt Volunteer Ambulance Corps | 424 Hackensack St, Carlstadt, NJ 07072-1316 | NJ | 1976-05 | $66,807 |
| 11 | Carlton-Hill Family Foundation Inc | 101 Golf Edge Dr, Westfield, NJ 07090-1803 | NJ | 2003-04 | $202 |
| 12 | Carmela Lunt Corporation | 199 Pomeroy Road, Parsippany, NJ 07054-3706 | NJ | 2000-08 | $30,171 |
| 13 | Carmen Ministries | PO BOX 421, Hackettstown, NJ 07840-0421 | NJ | 2013-07 | $36,120 |
| 14 | Carmie Brady Foundation Inc | Po Box 91, Manasquan, NJ 08736 | NJ | 2008-11 | $61,096 |
| 15 | Carnatic Music Association Of North America Inc | PO BOX 234, Fords, NJ 08863-0234 | NJ | 1984-10 | $166,767 |
| 16 | Carneys Point Inc | 311 Shell Rd, Carneys Point, NJ 08069-2635 | NJ | 1979-09 | $847,332 |
| 17 | Carol A Allen Memorial Scholarship | C/O Charles Allen 895 Parkway Ave R, Ewing, NJ 08618 | NJ | 2007-08 | $9 |
| 18 | Carol And Richard Feinstein Foundation | C/O Rockdale Capital, Union, NJ 07083 | NJ | 2003-06 | $240,039 |
| 19 | Carol And Robert J Palle Jr Charitable Tr 123198, Palle Robert J And Carol Ttees | 21 Desai Ct, Freehold, NJ 07728-8405 | NJ | 2000-05 | $1,685 |
| 20 | Carol Macclean Corp | 199 Pomeroy Road, Parsippany, NJ 07054-3706 | NJ | 2002-06 | $21,810 |
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