Charles H Bassett Youth Foundation Inc in Owego, New York (NY)
Table of contents:
| Charles H Bassett Youth Foundation Inc | |
| Employer Identification Number (EIN) | 161467372 |
| Name of Organization | Charles H Bassett Youth Foundation Inc |
| In Care of Name | J Thomas Bassett |
| Address | 34 1/2 Lake Street, Owego, NY 13827 |
| Subsection | Charitable Organization |
| Ruling Date | 02/1995 |
| 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 | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $52,792 |
| Amount of Income | $3,664 |
| Form 990 Revenue Amount | $3,664 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution |
| Submitted by: | Robert Bassett, President |
Please change In Care of Name to Robert Clarke Bassett
Non-representatives - add comments:
Amount of income in 2013: $3,664 (it was $21,183 in 2012)
| This organization: | $3,664 |
| Other organizations performing similar types of work: | $107,771 |
Assets in 2013: $52,792 (it was $67,452 in 2012)
| This organization: | $52,792 |
| Other organizations performing similar types of work: | $292,134 |
Expenses in 2013: $18,324
| Charles H Bassett Youth Foundation Inc: | $18,324 |
| Other organizations performing similar types of work: | $48,744 |
Income to expenses ratio in 2013: 0.2
| Charles H Bassett Youth Foundation Inc: | 0.2 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $24,815 | $21,183 | $3,664 |
| Contributions, gifts, grants, and similar amounts received | $15,957 | $8,443 | $3,663 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $8,830 | $9,449 | $1 |
| Gain/Loss from sale of assets other than inventory | $28 | $3,291 | $0 |
| 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 | $22,095 | $214,830 | $18,324 |
| Total net assets | $261,099 | $67,452 | $52,792 |
| Excess/Deficit for the year | $2,720 | $-193,647 | $-14,660 |
| Net assets or fund balances at beginning of year | $258,379 | $261,099 | $67,452 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $67,452 | $52,792 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $265,544 | $67,452 | $52,792 |
| Total liabilities | $4,445 | $0 | $0 |
| Net assets or fund balances | $261,099 | $67,452 | $52,792 |
| 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 | No | No | 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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $26,569 |
| Subtotal Support | $34,378 |
| Gifts, grants, contributions, and membership fees received | $34,378 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $7,809 |
| Total Support | $72,440 |
| Public Support | $34,378 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $38,062 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | New York Friends Of Ireland | PO BOX 36 20924, New York, NY 10129 | NY | 1999-02 | $105,996 |
| 2 | Jeffrey A Altman Foundation Inc | 640 5th Ave Fl 20, New York, NY 10019-6102 | NY | 1999-02 | $16,189,979 |
| 3 | Goodman-Lipman Family Foundation Inc | 1865 Palmer Ave, Larchmont, NY 10538-3048 | NY | 1999-04 | $14,864,137 |
| 4 | Hudson River Bancorp Inc Foundation, Hudson Bank & Trust Company Foundat | PO BOX 1189, Hudson, NY 12534-0308 | NY | 1999-04 | $3,070,700 |
| 5 | Oclo Inc | 477 Madison Ave Fl 10, New York, NY 10022-5841 | NY | 2000-01 | $2,483,080 |
| 6 | Cornerstone Foundation | 1358 47th Street, Brooklyn, NY 11219-2642 | NY | 1999-01 | $1,455,496 |
| 7 | David Family Foundation Inc | C/O Jack David 210 West 90th St, New York, NY 10024 | NY | 2000-01 | $792,161 |
| 8 | Zichron Yona Vsara Charitable Foundation, Herzog Herman Et Al Ttees | 6 Lenore Ave, Monsey, NY 10952-2705 | NY | 1999-01 | $413,957 |
| 9 | Veillette-Nifosi Foundation Inc | 86 Elliot Rd, East Chatham, NY 12060-3901 | NY | 1999-01 | $297,376 |
| 10 | Shipps Foundation | C/O Bessemer Trust 630 Fifth Avenue, New York, NY 10111 | NY | 2000-04 | $251,548 |
| 11 | Cole Family Foundation, Cole Kenneth Et Al Ttee | C/O Tag Associates Llc 810 Seventh, New York, NY 10019 | NY | 1999-12 | $180,003 |
| 12 | Shalom Foundation Inc | PO BOX 442, Tallman, NY 10982-0442 | NY | 1999-12 | $109,664 |
| 13 | Shirley G Benerofe Foundation Inc | 4 New King Street, White Plains, NY 10604-1202 | NY | 1999-12 | $109,640 |
| 14 | Nan Guterman Foundation | 45 Five Mile Woods Road, Catskill, NY 12414-5945 | NY | 1999-02 | $22,420 |
| 15 | Shaw Family Foundation | 520 Madison Avenue 33rd Floor, New York, NY 10022-4213 | NY | 1999-02 | $6 |
| 16 | Al Yeday Dovid Inc | 1331 47th St, Brooklyn, NY 11219-2612 | NY | 2001-10 | $0 |
| 17 | Church Of The Lord Jesus Christ Our God Of The Apostles & Prophets Fai | 2019 Pitman Ave, Bronx, NY 10466-1918 | NY | 2000-05 | $0 |
| 18 | Friends United To Beat Cystic Fibrosis | 276 Quaker Rd, Pomona, NY 10970 | NY | 1999-04 | $0 |
| 19 | Golden Years Funds For Aged-Infirm Inc | 2022 E 56th St, Brooklyn, NY 11234-4721 | NY | 1999-03 | $0 |
| 20 | Troy Savings Bank Charitable Tr | 32 2nd St, Troy, NY 12180-3926 | NY | 1999-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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