Gross Family Charitable Foundation Inc in Marlboro, New Jersey (NJ)

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Gross Family Charitable Foundation Inc
Employer Identification Number (EIN)271534195
Name of OrganizationGross Family Charitable Foundation Inc
In Care of NameFrederic Gross
Address45 Manor Dr, Marlboro, NJ 07746-1972
SubsectionCharitable Organization
Ruling Date02/2011
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$226,560
Amount of Income$19,430
Form 990 Revenue Amount$7,263
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations

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Amount of income in 2012: $19,430 (it was $7,263 in 2011)
Gross Family Charitable Foundation Inc: 

Other organizations performing similar types of work: 


Assets in 2012: $226,560 (it was $231,636 in 2011)
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$7,263$6,263$0
Contributions, gifts, grants, etc., received$1,000
Interest on savings and temporary cash investments$138
Dividends and interest from securities$3,315
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$12,664$118$0$12,482
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$182$118$0
Contributions, gifts, grants paid$12,482
Excess of revenue over expenses and disbursements$-5,401
Net investment income$6,145
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$231,636$227,241
Cash - non-interest-bearing$228
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Total liabilities$1
Mortgages and other notes payable$0
Total liabilities and net assets/fund balances$231,636
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$2,810
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$61
Total credits and payments$200
2011 estimated tax payments and 2010 overpayment credited to 2011$0
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$200
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Amount to be credited to 2012 estimated tax$139
Statements Regarding Activities (for 2011)
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 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?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 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$238,105
Net value of noncharitable-use assets$234,540
Minimum investment return$11,727
Distributable Amount (for 2011)
Distributable amount$11,666
Undistributed Income (for 2011)
Distributable amount for 2011$11,666
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
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
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Segal Family Foundation Inc776 Mountain Blvd, Watchung, NJ 07069-6269NJ2004-07$66,077,089
2John C Lasko Foundation Tr, John C Lasko TteePO BOX 1501, Pennington, NJ 08534-0671NJ2009-12$33,301,964
3The Hirair And Anna Hovnanian Foundation Inc4000 Rt 66, Tinton Falls, NJ 07753-7300NJ1987-01$15,295,561
4Sam J Frankino Foundation1101 Wheaton Ave Ste 100, Millville, NJ 08332-2003NJ2006-12$7,393,950
5Steven And Beverly Rubenstein Charitable Foundation Inc101 E Main St, Little Falls, NJ 07424-5608NJ2003-11$7,213,724
6Richard And Loan Hill Family FoundationC/O Ml-Fos 1300 Merrill Lynch Dr Fl, Pennington, NJ 08534NJ2011-02$6,201,823
7Zegarac-Pollock Family FoundationCole Schotz Meisel Forman Pa 25, Hackensack, NJ 07601NJ2011-02$4,501,820
8Susan Lang Foundation Inc, Arnell Nathan Ttee75 Main St Ste 203, Millburn, NJ 07041-1322NJ2001-07$4,054,557
9Focus Autism Inc776 Mountain Blvd, Watchung, NJ 07069-6269NJ2010-12$3,512,615
10Shumway Foundation, Chris W Shumway TteeC/O Untracht Early 325 Columbia, Florham Park, NJ 07932NJ2006-12$3,056,982
11Sipprelle Charitable CorpC/O Tracy Sipprelle, Princeton, NJ 08540NJ2005-03$2,965,036
12William C & Vivian M Eiff Foundation IncC/O A Nitche 220 Bender Ave, Roselle Park, NJ 07204NJ2000-06$2,335,832
13William Gross Charitable Foundation, Francis X O Brien Ttee3 Gateway Center 100 Mulberry St, Newark, NJ 07102-4079NJ2009-10$2,124,622
14The William Matheus Sullivan Musical Foundation1 Frost Ave, E Brunswick, NJ 08816-4501NJ1958-04$2,060,136
15Wishes By Wyndham Foundation22 Sylvan Way, Parsippany, NJ 07054NJ2008-03$2,015,644
16Ruth Winkelman Wender Foundation18 Columbia Tpke, Florham Park, NJ 07932-2266NJ1999-09$1,893,133
17The Richard A And Loretta M Stratton Charitable Foundation332 W Shore Dr, Wyckoff, NJ 07481-2434NJ2002-07$1,880,195
18Dirshu International212 2nd Street Suite 404b, Lakewood, NJ 08701-3424NJ2010-07$1,879,897
19The Honickman Charitable Fund8275 Route 130, Pennsauken, NJ 08110-1435NJ1999-03$1,819,831
20The Dominus Nihil FoundationPO BOX 1501, Pennington, NJ 08534-0671NJ2008-03$1,733,093
21Farrington FoundationPO BOX 1501, Pennington, NJ 08534-0671NJ2000-10$1,730,459
22Touchpoint FoundationPO BOX 1501, Pennington, NJ 08534-0671NJ2000-10$1,691,837
23Ellis Family FoundationPO BOX 1501, Pennington, NJ 08534-0671NJ2010-05$1,673,722
24The Joseph F Umosella Family Foundation588 S Egg Harbor Rd, Hammonton, NJ 08037NJ2006-11$1,618,646
25The Eliahou Joseph Shamah And David Shamah Foundation IncPO BOX 627, Princeton, NJ 08542-0627NJ2007-10$1,605,462
26Vallavbhai And Savitaben Patel Foundation Inc101 Chestnut Ridge Rd, Montvale, NJ 07645-1801NJ2000-08$1,557,169
27Ruskin-Zafren FoundationPO BOX 1501, Pennington, NJ 08534-0671NJ1999-12$1,473,361
28Twilight And Marc Freedman FoundationPO BOX 1501, Pennington, NJ 08534-0671NJ2001-07$1,409,698
29David Buntzman Foundation, N Diane Jackson Et Al TteePO BOX 1501, Pennington, NJ 08534-0671NJ2006-10$1,318,340
30Tenyo Family Foundation IncPO BOX 1501, Pennington, NJ 08534-0671NJ2011-05$1,299,975
Number of organizations performing similar types of work
District of Columbia106
North Carolina519
North Dakota20
New Hampshire72
New Jersey843
New Mexico87
New York2,482
Rhode Island172
South Carolina161
South Dakota27
West Virginia66
Total20,865 is not associated with, endorsed by, or sponsored by Gross Family Charitable Foundation Inc and has no official or unofficial affiliation with Gross Family Charitable Foundation Inc