Developing Minds in Valhalla, New York (NY)

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Developing Minds
Employer Identification Number (EIN)943341895
Name of OrganizationDeveloping Minds
In Care of NameJoshua Cohen
AddressC/O Joshua Cohen 8 Mellis Place, Valhalla, NY 10595
SubsectionCharitable Organization
Ruling Date12/1999
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Tax Period12/2011
Assets$10,000 to $24,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$12,202
Amount of Income$1,000
Form 990 Revenue Amount$1,000
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution

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Amount of income in 2011: $1,000 (it was $3,500 in 2010)
This organization: 

Other organizations performing similar types of work: 


Assets in 2011: $12,202 (it was $15,287 in 2010)
Developing Minds: 

Other organizations performing similar types of work: 


Expenses in 2011: $3,985
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2011: 0.3
Developing Minds: 

Other organizations performing similar types of work: 


Grants share in income in 2011: 100.0%
Developing Minds: 

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Financial snapshot ($)

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$1,000$0$0
Contributions, gifts, grants, etc., received$1,000
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$3,985$0$0$0
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$3,985$0$0
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-2,985
Net investment income$0
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$12,202$12,202
Cash - non-interest-bearing$4,702
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Total liabilities$12,516
Mortgages and other notes payable$0
Total liabilities and net assets/fund balances$-314
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
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$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Amount to be credited to 2012 estimated tax$0
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$7,544
Net value of noncharitable-use assets$7,440
Minimum investment return$372
Distributable Amount (for 2011)
Distributable amount$372
Undistributed Income (for 2011)
Distributable amount for 2011$372
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
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Number of organizations performing similar types of work
District of Columbia26
North Carolina95
North Dakota4
New Hampshire31
New Jersey157
New Mexico21
New York236
Rhode Island23
South Carolina34
South Dakota7
West Virginia11
Total3,586 is not associated with, endorsed by, or sponsored by Developing Minds and has no official or unofficial affiliation with Developing Minds