Frederick And Sharon Klingenstein Fund 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
| Frederick And Sharon Klingenstein Fund | |
| Employer Identification Number (EIN) | 061471980 |
| Name of Organization | Frederick And Sharon Klingenstein Fund |
| In Care of Name | Tanton And Company Llp |
| Address | C/O Tanton Co 37 W 57th St-5 Fl, New York, NY 10019 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $16,577,498 |
| Amount of Income | $2,591,206 |
| Form 990 Revenue Amount | $1,234,432 |
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 | $1,234,432 | $1,234,432 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $457,452 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $776,980 | |||
| Total expenses and disbursements | $980,312 | $455,925 | $0 | $506,977 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $479,523 | $455,925 | $6,188 | |
| Contributions, gifts, grants paid | $500,789 | |||
| Excess of revenue over expenses and disbursements | $254,120 | |||
| Net investment income | $778,507 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $15,812,454 | $18,418,056 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $6,036,876 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $9,775,578 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $15,812,454 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $776,980 |
| 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 | $15,570 |
| Total credits and payments | $55,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $55,000 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $235 |
| Tax due | $0 |
| Overpayment | $39,195 |
| Amount to be credited to 2013 estimated tax | $25,000 |
| 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 | $17,572,229 |
| Net value of noncharitable-use assets | $17,308,640 |
| Minimum investment return | $865,432 |
| Distributable Amount (for 2012) | |
| Distributable amount | $849,862 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $849,862 |
| 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 | Fred Reiners Charitable Tr, Reiners Susan Ttee | 25 Lupine Dr, Malta, NY 12020-6344 | NY | 2002-06 | $3,212 |
| 2 | Fred S Keller School, One Odell Plaza | One Odell Plaza, Yonkers, NY 10701-1402 | NY | 1988-06 | $9,080,739 |
| 3 | Fred Singer Training Site Corporation | 605 Vestal Parkway West, Vestal, NY 13850 | NY | 2007-01 | $0 |
| 4 | Frederic R Coudert Foundation, Coudert Frederic R Iii | 100 Jericho Quadrangle Ste 223, Jericho, NY 11753-2702 | NY | 1999-04 | $4,412,699 |
| 5 | Frederic Remington Art Museum | 303 Washington St, Ogdensburg, NY 13669-1517 | NY | 1995-06 | $1,194,697 |
| 6 | Frederick & Lotte Stern Foundation Inc | 15 Maiden Ln Ste 1108, New York, NY 10038-5116 | NY | 1965-08 | $-3,634 |
| 7 | Frederick A Cook Society Inc | 159 Rockaway Ave, Garden City, NY 11530-1429 | NY | 1982-03 | $40 |
| 8 | Frederick A Jambes Charitable Foundation Inc, Barreca Hugo Ttee | 70 8th Ave, Brooklyn, NY 11217-3924 | NY | $346 | |
| 9 | Frederick And Arlene Horowitz Family Foundation Inc | 1185 Ave Of The Americas, New York, NY 10036-2601 | NY | 1996-04 | $19 |
| 10 | Frederick And Nancy Dematteis 2001 Charitable Tr, Dematteis Nancy Etal Ttee | 1230 Rxr Plaza West Tower 12th Fl, Uniondale, NY 11556-1230 | NY | 2001-11 | $11,057,338 |
| 11 | Frederick And Sharon Klingenstein Fund | C/O Tanton Co 37 W 57th St-5 Fl, New York, NY 10019 | NY | 1997-01 | $2,591,206 |
| 12 | Frederick B Kilmer Foundation | 211 Inspiration Point Rd, Webster, NY 14580-1619 | NY | 2000-08 | $54,777 |
| 13 | Frederick B Rutter Memorial Inc | 1401 Genesee St, Utica, NY 13501-4343 | NY | 1957-01 | $198,591 |
| 14 | Frederick Batrus Foundation | 11 Bruce Rd, Mamaroneck, NY 10543-1101 | NY | 1988-03 | $6,944 |
| 15 | Frederick Bros Crematory Incorporated | 38422 Nys Rt 37, Theresa, NY 13691-2020 | NY | 1987-06 | $230,663 |
| 16 | Frederick Chopin Singing Society Of Buffalo Ny | 26 Countryside Ln, Depew, NY 14043-4140 | NY | 1982-12 | $64,609 |
| 17 | Frederick Douglas Community Development Corp, Daisy Housing Development Fund Corp | 550 Clarissa St, Rochester, NY 14608-2492 | NY | 1995-06 | $142,596 |
| 18 | Frederick Douglass Creative Arts | 270 W 96th St, New York, NY 10025-6205 | NY | 1969-08 | $32,432 |
| 19 | Frederick Douglass Memorial Park Inc | 3201 Amboy Rd, Staten Island, NY 10306-2703 | NY | 1942-10 | $150,355 |
| 20 | Frederick Douglass Museum And Cultural Center Foundation Inc | 300 E Main St, Rochester, NY 14604-2108 | NY | 1994-10 | $175,241 |
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