John Niamas Scholarship Fund in Pennington, 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
- Organizations performing similar types of work
| John Niamas Scholarship Fund | |
| Employer Identification Number (EIN) | 066354878 |
| Name of Organization | John Niamas Scholarship Fund |
| In Care of Name | Advest Bank |
| Address | PO BOX 1501, Pennington, NJ 08534-0671 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 04/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $416,381 |
| Amount of Income | $220,155 |
| Form 990 Revenue Amount | $18,201 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $220,155 (it was $9,942 in 2012)
| This organization: | $220,155 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2013: $416,381 (it was $372,928 in 2012)
| This organization: | $416,381 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2012: $17,370
| This organization: | $17,370 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2012: 12.7
| John Niamas Scholarship Fund: | 12.7 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2012: 0.0%
| John Niamas Scholarship Fund: | 0.0% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2012
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 | $9,808 | $9,808 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $6,428 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $3,380 | |||
| Total expenses and disbursements | $17,370 | $1,549 | $0 | $15,216 |
| Compensation of officers, directors, trustees, etc. | $3,693 | |||
| Total operating and administrative expenses | $4,370 | $1,549 | $2,216 | |
| Contributions, gifts, grants paid | $13,000 | |||
| Excess of revenue over expenses and disbursements | $-7,562 | |||
| Net investment income | $8,259 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $372,928 | $504,724 |
| Cash - non-interest-bearing | $151 | |
| Investments-U.S. and state government obligations | $248 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $356,342 | |
| Other | $16,187 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $372,928 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,380 |
| 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 | $165 |
| Total credits and payments | $333 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $333 |
| 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 | $168 |
| Amount to be credited to 2013 estimated tax | $165 |
| 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? | Yes |
| 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)? | Yes |
| 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 | $497,935 |
| Net value of noncharitable-use assets | $490,460 |
| Minimum investment return | $24,523 |
| Distributable Amount (for 2012) | |
| Distributable amount | $24,358 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $24,358 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $18,182 |
| 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 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | Sage Eldercare Inc | 290 Broad St, Summit, NJ 07901-3507 | NJ | 1956-04 | $4,397,669 |
| 3 | Tri-County Scholarship Fund | 4 Century Drive, Parsippany, NJ 07054-4606 | NJ | 1983-10 | $3,137,201 |
| 4 | Student Partner Alliance A New Jersey Non-Profit Corporation | PO BOX 566, Millburn, NJ 07041-0566 | NJ | 1994-03 | $629,674 |
| 5 | Tiferet Moshe Inc | 818 Forest Ave, Lakewood, NJ 08701-2617 | NJ | 1997-05 | $579,720 |
| 6 | The Joseph A Miele Foundation Inc | 185 Fairfield Ave Ste 4c, West Caldwell, NJ 07006-6417 | NJ | 1983-08 | $383,218 |
| 7 | Top Foundation Inc, Charity | 256 Macopin Rd, West Milford, NJ 07480-3718 | NJ | 1993-08 | $222,907 |
| 8 | Charles Raia Jr Foundation Inc | 500 North Franklin Turnpike, Ramsey, NJ 07446-1177 | NJ | 1996-06 | $176,488 |
| 9 | Summit School Booster Association | PO BOX 674, Summit, NJ 07902-0674 | NJ | 1998-09 | $166,442 |
| 10 | Ryu Family Foundation Inc | 186 Parish Dr, Wayne, NJ 07470-6009 | NJ | 1994-12 | $143,163 |
| 11 | South Harrison Alliance For Educational Excellence Inc | PO BOX 155, Harrisonville, NJ 08039-0155 | NJ | 1997-10 | $56,280 |
| 12 | Vivienne Juppe Hall Scholarship Foundation Inc | 29 Amherst Ct, Glen Rock, NJ 07452-1302 | NJ | 1998-12 | $28,509 |
| 13 | Rumson Run Inc, Rumson Fair Haven Run Inc | Po Box 760, Rumson, NJ 07760 | NJ | 1995-01 | $28,084 |
| 14 | Michael Andrew Glowski Foundation | 181 Edgemont Pl, Teaneck, NJ 07666-4620 | NJ | 1995-06 | $19,462 |
| 15 | Sadie H Miller Trust Uw 2301051 | 2915 Ridgeway Rd, Manchester, NJ 08759-4755 | NJ | 1995-06 | $17,495 |
| 16 | The Gloucester County Bar Foundation A New Jersey Nonprofit | 28 Cooper St, Woodbury, NJ 08096-4618 | NJ | 1990-01 | $16,737 |
| 17 | Burlington-Camden Alumni Chapter Kappa Alpha Psi Scholarship | Po Box 1414, Burlington, NJ 08016 | NJ | 1993-12 | $7,870 |
| 18 | The Pequannock Valley Rotary Scholarship Fund | PO BOX 16, Pequannock, NJ 07440 | NJ | 1998-06 | $5,900 |
| 19 | Samuel & Ruth P Cohen Foundation Inc | 1807 Channel Club Tower, Monmouth Beach, NJ 07750 | NJ | 1998-08 | $3,734 |
| 20 | Stocklas-Eberhardt Foundation Inc | 8 Success Rd, New Egypt, NJ 08533-2511 | NJ | 1998-11 | $2,000 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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