Foundation For Clinical Research In Inflammatory Bowel Disease in New York, 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
| Foundation For Clinical Research In Inflammatory Bowel Disease | |
| Employer Identification Number (EIN) | 133717235 |
| Name of Organization | Foundation For Clinical Research In Inflammatory Bowel Disease |
| In Care of Name | Daniel Present |
| Address | 12 East 86th Street, New York, NY 10028-0506 |
| Activities | Scientific research (diseases), Gifts, grants, or loans to other organizations |
| Subsection | Educational Organization |
| Ruling Date | 08/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $847,245 |
| Amount of Income | $250,796 |
| Form 990 Revenue Amount | $558,403 |
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 | $105,497 | $24,317 | $20,396 | |
| Contributions, gifts, grants, etc., received | $81,180 | |||
| Interest on savings and temporary cash investments | $12,478 | |||
| Dividends and interest from securities | $7,918 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $3,921 | |||
| Total expenses and disbursements | $162,483 | $4,130 | $0 | $158,228 |
| Compensation of officers, directors, trustees, etc. | $25,000 | |||
| Total operating and administrative expenses | $115,223 | $4,130 | $110,968 | |
| Contributions, gifts, grants paid | $47,260 | |||
| Excess of revenue over expenses and disbursements | $-56,986 | |||
| Net investment income | $20,187 | |||
| Adjusted net income | $20,396 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $847,245 | $849,675 |
| Cash - non-interest-bearing | $85,224 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $167,710 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $584,838 | |
| Other | $9,473 | |
| Total liabilities | $4,753 | |
| Mortgages and other notes payable | $0 | |
| Other | $4,753 | |
| Total liabilities and net assets/fund balances | $842,492 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,921 |
| 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 | $404 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $404 |
| 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? | Yes |
| 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? | 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 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 | $852,861 |
| Net value of noncharitable-use assets | $840,060 |
| Minimum investment return | $42,003 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $20,396 | $31,283 | $57,520 | $31,788 | $140,987 |
| Qualifying distributions made directly for active conduct of exempt activities | $158,228 | $623,091 | $823,846 | $809,085 | $2,414,250 |
| 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 | $28,002 | $33,725 | $38,347 | $41,173 | $141,247 |
| 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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| 1 | Foundation For A Miracle Inc | 206 Edgewood Ave, Rochester, NY 14618-4043 | NY | 2005-07 | $13,502 |
| 2 | Foundation For Accounting Education Inc | 14 Wall St Fl 19, New York, NY 10005-2124 | NY | 1972-12 | $6,481,055 |
| 3 | Foundation For Accounting Practitioners Inc | 1212 Avenue Of The Americas Fl 24, New York, NY 10036-1600 | NY | 1991-11 | $48,913 |
| 4 | Foundation For Advanced Transfusion Practices Inc | 1 Dag Hammarskjold, New York, NY 10017-2201 | NY | 1999-09 | $3 |
| 5 | Foundation For Alternative Cancer Therapies Ltd, Delaware Valley Chapter | PO BOX 1242, New York, NY 10113-1242 | NY | 1975-07 | $238,939 |
| 6 | Foundation For Aneurysm Rupture Research Inc | 57 Buena Vista Drive, Hastings On Hudson, NY 10706 | NY | 2007-01 | $0 |
| 7 | Foundation For Arts Initiatives | 375 Greenwich St, New York, NY 10013-2376 | NY | 1964-02 | $3,854,995 |
| 8 | Foundation For Cardiac Surgery And Cardiovascular Services, Faro Richard S Etal Ttee | 444 Madison Ave Fl 11, New York, NY 10022-6903 | NY | 1991-09 | $672,183 |
| 9 | Foundation For Carriacou And Pm Development Inc | 5204 Beverly Road, Brooklyn, NY 11203 | NY | 2009-06 | $0 |
| 10 | Foundation For Child Development | 295 Madison Ave Fl 40, New York, NY 10017-6320 | NY | 1938-04 | $69,173,460 |
| 11 | Foundation For Clinical Research In Inflammatory Bowel Disease | 12 East 86th Street, New York, NY 10028-0506 | NY | 1993-08 | $250,796 |
| 12 | Masorti Foundation For Conservative Judaism In Israel | 475 Riverside Dr Ste 832, New York, NY 10115-0068 | NY | 1983-12 | $0 |
| 13 | Foundation For Contemporary Arts Inc | 820 Greenwich Street, New York, NY 10014-5134 | NY | 1999-12 | $6,563,755 |
| 14 | Foundation For Cultural Review Inc | 900 Broadway Ste 602, New York, NY 10003-1237 | NY | 1982-03 | $1,434,612 |
| 15 | Foundation For Dance Promotion Inc | 27 W 120th, New York, NY 10027-6436 | NY | 1979-08 | $3,373,441 |
| 16 | Foundation For Deaf Education | 2253 Main St, Buffalo, NY 14214-2349 | NY | 1997-08 | $645,076 |
| 17 | Foundation For Democracy | 60 E 42nd St, New York, NY 10165-0006 | NY | 2008-06 | $1,500 |
| 18 | Foundation For Design And Analysis Of Dental & Oral Research Inc | 3435 Main St Ste 250 Squire Hall, Buffalo, NY 14214-3001 | NY | 2006-06 | $522,427 |
| 19 | Foundation For Development Of Humanity | C/O Teitler 55 Westgate Road, Muttontown, NY 11791 | NY | $2,813,607 | |
| 20 | Foundation For Diabetes Care | 120 E End Ave Ste 3c, New York, NY 10028-7552 | NY | 2002-01 | $3,792 |
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