Anand Foundation Inc in Oyster Bay, New York (NY)
Table of contents:
| Anand Foundation Inc | |
| Employer Identification Number (EIN) | 113602687 |
| Name of Organization | Anand Foundation Inc |
| In Care of Name | Azad K Anand |
| Address | 16 Amber Ln, Oyster Bay, NY 11771-3115 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 07/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $232,617 |
| Amount of Income | $13,428 |
| Form 990 Revenue Amount | $10,935 |
| 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: $13,428 (it was $8,776 in 2012)
| This organization: | $13,428 |
| Other organizations performing similar types of work: | $299,534 |
Assets in 2013: $232,617 (it was $230,531 in 2012)
| Anand Foundation Inc: | $232,617 |
| Other organizations performing similar types of work: | $1,135,383 |
Expenses in 2013: $8,849
| This organization: | $8,849 |
| Other organizations performing similar types of work: | $135,405 |
Income to expenses ratio in 2013: 1.5
| Anand Foundation Inc: | 1.5 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2013: 0.0%
| Anand Foundation Inc: | 0.0% |
| Other organizations performing similar types of work: | 74.1% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $15,093 | $8,776 | $10,935 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $15,093 | $8,776 | $10,964 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $-29 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $2,464 |
| Less: cost or other basis and sales expenses | $0 | $0 | $2,493 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $7,501 | $8,004 | $8,849 |
| Total net assets | $229,759 | $230,531 | $232,617 |
| Excess/Deficit for the year | $7,592 | $772 | $2,086 |
| Net assets or fund balances at beginning of year | $222,167 | $229,759 | $230,531 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $230,531 | $232,617 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $229,759 | $230,531 | $232,617 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $229,759 | $230,531 | $232,617 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | Yes | Yes | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Brooklyn College Foundation Inc | 2900 Bedford Ave, Brooklyn, NY 11210-2850 | NY | 1963-12 | $50,277,650 |
| 2 | The Childrens Scholarship Fund | 8 West 38th St 9th Floor, New York, NY 10018-6229 | NY | 1998-11 | $23,633,016 |
| 3 | Optometric Center Of New York | 33 W 42nd St, New York, NY 10036-8005 | NY | 1957-08 | $5,503,531 |
| 4 | W W Wannamaker Citadel Star Of The West Ma | PO BOX 2904, Wilson, NC 27894-2904 | NC | 1953-02 | $2,852,405 |
| 5 | Newspaper Guild Of New York Times Unit College Scholarship Fund | 1501 Broadway Ste 1724, New York, NY 10036-5600 | NY | 1983-03 | $671,298 |
| 6 | Beatrice A Gillam Ttee Gilliam Menorial Scholarship Fund U/A 6043 | One Court Square 19th Fl, Long Island City, NY 11120-0001 | NY | 1944-11 | $212,510 |
| 7 | Richard P Walsh Scholarship Fund | 18 Avis Dr, Latham, NY 12110-2605 | NY | 1992-03 | $204,166 |
| 8 | Community Scholarship Fund Of Glen Cove Inc | PO BOX 453, Glen Cove, NY 11542-0453 | NY | 1957-06 | $148,768 |
| 9 | Association Of Notre Dame Clubs Inc, New York City | 239 18 42nd Ave Unit 1, Douglaston, NY 11363-1524 | NY | 1983-07 | $127,663 |
| 10 | Geraldine & Warner Refuge Inc | 555 Hudson Valley Ave Ste 100, New Windsor, NY 12553-4749 | NY | 1960-02 | $78,562 |
| 11 | Top Ladies Of Distinction Inc, Parent | 2914 Southmore Blvd, Houston, TX 77004-7710 | TX | 1974-11 | $557,438 |
| 12 | Veterinary Scholarship Trust Of New England | PO BOX 3221, N Attleboro, MA 02761-3221 | MA | 1961-10 | $336,835 |
| 13 | South Dakota Farmers Union Foundation | 1410 Dakota Ave S, Huron, SD 57350-3661 | SD | 2001-10 | $291,539 |
| 14 | Phoenix Preparatory High Schools Inc, Chabad Tuition Organization | 2110 E Lincoln Drive, Phoenix, AZ 85016 | AZ | 1999-06 | $250,496 |
| 15 | Spanish American Institute | PO BOX 92943, Long Beach, CA 90809-2943 | CA | 1926-09 | $207,483 |
| 16 | The Carol Martin Gruodis Memorial Education Fund | C/O Mps Llp - 685 Third Ave, New York, NY 10017 | NY | 2002-05 | $201,819 |
| 17 | Thomas S Gunning Scholarship Foundation | 100 Grossman Drive, Braintree, MA 02184-4949 | MA | 2001-10 | $156,600 |
| 18 | St Mary Central Education Tuition Assistance Fund 03261998 | PO BOX 12800, Green Bay, WI 54307-2800 | WI | 1999-10 | $134,347 |
| 19 | Medical Scholarship Fund Of The Monroe County Medical Society | 132 Allens Creek Rd, Rochester, NY 14618-3310 | NY | 1970-05 | $70,450 |
| 20 | Jeffrey R Erkman Memorial Corporation | 139 Greencroft Ave, Staten Island, NY 10308-3039 | NY | 1999-10 | $0 |
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