Childrens Foundation For The Arts Inc in Hasbrouck Heights, New Jersey (NJ)

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Childrens Foundation For The Arts Inc
Employer Identification Number (EIN)223329717
Name of OrganizationChildrens Foundation For The Arts Inc
Address500 Route 17 South, Hasbrouck Heights, NJ 07604
ActivitiesAchievement pries of awards
SubsectionCharitable Organization
Ruling Date06/1995
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Tax Period08/2013
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$655,627
Amount of Income$242,701
Form 990 Revenue Amount$524,482
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2013: $242,701 (it was $213,153 in 2012)
Childrens Foundation For The Arts Inc: 

 $242,701
Other organizations performing similar types of work: 

 $72,336

Assets in 2013: $655,627 (it was $764,913 in 2012)
Childrens Foundation For The Arts Inc: 

 $655,627
Other organizations performing similar types of work: 

 $239,394

Expenses in 2012: $210,697
Childrens Foundation For The Arts Inc: 

 $210,697
Other organizations performing similar types of work: 

 $40,888

Income to expenses ratio in 2012: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2012: 0.0%
Childrens Foundation For The Arts Inc: 

 0.0%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$51,020$51,020$19,410
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$173
Dividends and interest from securities$19,237
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$31,610
Total expenses and disbursements$210,697$3,896$0$205,989
Compensation of officers, directors, trustees, etc.$53,987
Total operating and administrative expenses$161,422$3,896$156,714
Contributions, gifts, grants paid$49,275
Excess of revenue over expenses and disbursements$-159,677
Net investment income$47,124
Adjusted net income$19,410
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$764,913$880,105
Cash - non-interest-bearing$-1,980
Investments-U.S. and state government obligations$760,105
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$6,788
Total liabilities$1,394
Mortgages and other notes payable$0
Other$1,394
Total liabilities and net assets/fund balances$763,519
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$31,610
Net capital loss$0
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$471
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$471
Overpayment$0
Amount to be credited to 2013 estimated tax$0
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?Yes
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$933,496
Net value of noncharitable-use assets$919,500
Minimum investment return$45,975
Distributable Amount (for 2012)
Distributable amount$0
Undistributed Income (for 2012)
Distributable amount for 2012$0
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$19,410$24,482$18,391$14,166$76,449
Qualifying distributions made directly for active conduct of exempt activities$205,989$207,037$210,528$212,336$835,890
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$30,650$34,644$23,421$26,701$115,416
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
IdNameAddressStateEstablishedTotal Income
1Sylvester H Reed Memorial TrustPO BOX 1111, Pflugerville, TX 78691-1111TX1998-01$1,242,927
2Sage Eldercare Inc290 Broad St, Summit, NJ 07901-3507NJ1956-04$4,397,669
3Tri-County Scholarship Fund4 Century Drive, Parsippany, NJ 07054-4606NJ1983-10$3,137,201
4Student Partner Alliance A New Jersey Non-Profit CorporationPO BOX 566, Millburn, NJ 07041-0566NJ1994-03$629,674
5Tiferet Moshe Inc818 Forest Ave, Lakewood, NJ 08701-2617NJ1997-05$579,720
6The Joseph A Miele Foundation Inc185 Fairfield Ave Ste 4c, West Caldwell, NJ 07006-6417NJ1983-08$383,218
7Top Foundation Inc, Charity256 Macopin Rd, West Milford, NJ 07480-3718NJ1993-08$222,907
8Charles Raia Jr Foundation Inc500 North Franklin Turnpike, Ramsey, NJ 07446-1177NJ1996-06$176,488
9Summit School Booster AssociationPO BOX 674, Summit, NJ 07902-0674NJ1998-09$166,442
10Ryu Family Foundation Inc186 Parish Dr, Wayne, NJ 07470-6009NJ1994-12$143,163
11South Harrison Alliance For Educational Excellence IncPO BOX 155, Harrisonville, NJ 08039-0155NJ1997-10$56,280
12Vivienne Juppe Hall Scholarship Foundation Inc29 Amherst Ct, Glen Rock, NJ 07452-1302NJ1998-12$28,509
13Rumson Run Inc, Rumson Fair Haven Run IncPo Box 760, Rumson, NJ 07760NJ1995-01$28,084
14Michael Andrew Glowski Foundation181 Edgemont Pl, Teaneck, NJ 07666-4620NJ1995-06$19,462
15Sadie H Miller Trust Uw 23010512915 Ridgeway Rd, Manchester, NJ 08759-4755NJ1995-06$17,495
16The Gloucester County Bar Foundation A New Jersey Nonprofit28 Cooper St, Woodbury, NJ 08096-4618NJ1990-01$16,737
17Burlington-Camden Alumni Chapter Kappa Alpha Psi ScholarshipPo Box 1414, Burlington, NJ 08016NJ1993-12$7,870
18The Pequannock Valley Rotary Scholarship FundPO BOX 16, Pequannock, NJ 07440NJ1998-06$5,900
19Samuel & Ruth P Cohen Foundation Inc1807 Channel Club Tower, Monmouth Beach, NJ 07750NJ1998-08$3,734
20Stocklas-Eberhardt Foundation Inc8 Success Rd, New Egypt, NJ 08533-2511NJ1998-11$2,000
Number of organizations performing similar types of work
Alaska15
Alabama29
Arkansas27
Arizona42
California252
Colorado46
Connecticut69
District of Columbia36
Delaware10
Florida151
Georgia78
Hawaii18
Iowa52
Idaho15
Illinois193
Indiana80
Kansas57
Kentucky48
Louisiana26
Massachusetts102
Maryland74
Maine15
Michigan138
Minnesota61
Missouri93
Mississippi12
Montana14
North Carolina100
North Dakota5
Nebraska30
New Hampshire12
New Jersey147
New Mexico15
Nevada16
New York202
Ohio188
Oklahoma33
Oregon38
Pennsylvania160
Rhode Island22
South Carolina36
South Dakota7
Tennessee42
Texas251
Utah11
Virginia136
Vermont9
Washington68
Wisconsin96
West Virginia21
Wyoming9
International5
Total3,412

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