Brooklyn Benevolent Society in Brooklyn, New York (NY)
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 York
| Brooklyn Benevolent Society | |
| Employer Identification Number (EIN) | 111661344 |
| Name of Organization | Brooklyn Benevolent Society |
| Address | 57 Willoughby Street Rm 603, Brooklyn, NY 11201-5257 |
| Activities | Gifts, grants, or loans to other organizations, Other housing activities |
| Subsection | Charitable Organization |
| Ruling Date | 10/1958 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,208,044 |
| Amount of Income | $863,757 |
| Form 990 Revenue Amount | $235,331 |
Non-representatives - add comments:
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 | $262,914 | $262,914 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $152,874 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $32 | |||
| Other | $110,008 | |||
| Total expenses and disbursements | $329,796 | $54,721 | $0 | $272,657 |
| Compensation of officers, directors, trustees, etc. | $27,780 | |||
| Total operating and administrative expenses | $99,796 | $54,721 | $42,657 | |
| Contributions, gifts, grants paid | $230,000 | |||
| Excess of revenue over expenses and disbursements | $-66,882 | |||
| Net investment income | $208,193 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,669,913 | $4,669,913 |
| Cash - non-interest-bearing | $17,163 | |
| Investments-U.S. and state government obligations | $627,833 | |
| Investments-corporate stock | $3,007,132 | |
| Investments-corporate bonds | $417,429 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $565,485 | |
| Other | $34,871 | |
| Total liabilities | $15,201 | |
| Mortgages and other notes payable | $0 | |
| Other | $15,201 | |
| Total liabilities and net assets/fund balances | $4,654,712 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $110,008 |
| 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 | $2,082 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $40 |
| Tax due | $2,122 |
| 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? | 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? | Yes |
| 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)? | 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 | $4,763,233 |
| Net value of noncharitable-use assets | $4,691,780 |
| Minimum investment return | $234,589 |
| Distributable Amount (for 2012) | |
| Distributable amount | $232,507 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $232,507 |
| 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 York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Brooklyn Arts Exchange Inc | 421 5th Ave, Brooklyn, NY 11215-3315 | NY | 1991-09 | $1,191,766 |
| 2 | Brooklyn Ascend Charter School | 1 Main St Apt 3c, Brooklyn, NY 11201-1046 | NY | 2010-02 | $10,908,469 |
| 3 | Brooklyn Autism Center Academy | 111 Remsen St, Brooklyn, NY 11201-4212 | NY | 2008-11 | $1,130,552 |
| 4 | Brooklyn Autism Center Foundation | 45 Washington Street, Brooklyn, NY 11201 | NY | 2012-11 | $0 |
| 5 | Brooklyn Ballers Basketball Inc | 55 Calhoun Ave, New Rochelle, NY 10801-3124 | NY | 2009-07 | $55,000 |
| 6 | Brooklyn Ballers Sports Youth & Educational Corp | 202 Moffat St, Brooklyn, NY 11207-1507 | NY | 2004-08 | $104,781 |
| 7 | Brooklyn Ballet Inc | 145 Hicks St Apt A54, Brooklyn, NY 11201-2327 | NY | 2002-06 | $422,417 |
| 8 | Brooklyn Bar Association | 123 Remsen St, Brooklyn, NY 11201-4212 | NY | 1941-06 | $862,331 |
| 9 | Brooklyn Bar Association Foundation Inc | 123 Remsen St, Brooklyn, NY 11201-4212 | NY | 1966-10 | $319,558 |
| 10 | Brooklyn Bar Association Volunteer Lawyers Project Inc | 44 Court St Ste 1206, Brooklyn, NY 11201-4410 | NY | 1993-06 | $826,994 |
| 11 | Brooklyn Benevolent Society | 57 Willoughby Street Rm 603, Brooklyn, NY 11201-5257 | NY | 1958-10 | $863,757 |
| 12 | Brooklyn Blades Youth Hockey Club Inc | 310 7th Ave, Brooklyn, NY 11215-7254 | NY | 1997-10 | $55,195 |
| 13 | Brooklyn Board Of Realtors Inc | 28 Village Rd N Ste 3f, Brooklyn, NY 11223-3838 | NY | 1944-11 | $169,205 |
| 14 | Brooklyn Botanic Garden Corp Trust U/W Ella Reussner | 600 5th Ave, New York, NY 10020-2302 | NY | 1939-02 | $135,020 |
| 15 | Brooklyn Bridge Animal Welfare Coalition | Po Box 22948, Brooklyn, NY 11202-2948 | NY | 2008-05 | $59,065 |
| 16 | Brooklyn Bridge Park Conservancy Inc | 334 Furman Street, Brooklyn, NY 11201-9750 | NY | 1985-08 | $2,177,469 |
| 17 | Brooklyn Bridge Park Defense Fund Inc | 23 State St, Brooklyn, NY 11201-5512 | NY | 2006-05 | $126,173 |
| 18 | Brooklyn Buddhist Association Inc | 316 Dean Street, Brooklyn, NY 11217 | NY | 1991-06 | $0 |
| 19 | Brooklyn Cares Inc | 6323 7th Ave, Brooklyn, NY 11220-4711 | NY | 1995-08 | $1 |
| 20 | Brooklyn Center For Families In Crisis Inc | 1309 Foster Ave # 1311, Brooklyn, NY 11230-1511 | NY | 1983-11 | $2,020,416 |
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