Gary Saltz Foundation Inc in New York, New York (NY)

Organization representatives - add corrected or new information about Gary Saltz Foundation Inc »

Non-representatives - add comments about Gary Saltz Foundation Inc»

Gary Saltz Foundation Inc
Employer Identification Number (EIN)133267114
Name of OrganizationGary Saltz Foundation Inc
In Care of NameHighpro 2 Associates Llc
Address150 E 52nd St 28th Fl, New York, NY 10022-6017
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date08/1985
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period04/2014
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$42,292,022
Amount of Income$15,091,335
Form 990 Revenue Amount$4,405,392


Non-representatives - add comments:


CAPTCHA

Your IP address 3.94.129.211 will be logged.

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$5,064,324$2,017,879$0
Contributions, gifts, grants, etc., received$3,068,025
Interest on savings and temporary cash investments$0
Dividends and interest from securities$1,531,051
Gross rents$1,761
Gross sales price for all assets$3,018,402
Gross profit from sales of goods$0
Other income$-36,673
Other$500,160
Total expenses and disbursements$3,164,176$209,646$0$2,897,667
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$750
Accounting fees$0
Interest$15,769
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$267,259$209,646$750
Contributions, gifts, grants paid$2,896,917
Excess of revenue over expenses and disbursements$1,900,148
Net investment income$1,808,233
Adjusted net income$0
Balance Sheets
20122013
Book ValueFair Market ValueBook ValueFair Market Value
Total assets$37,559,421$42,004,086$39,459,883$46,859,902
Cash - non-interest-bearing$0$0
Investments-U.S. and state government obligations$0$0
Investments-corporate stock$8,482,081$8,457,498
Investments-corporate bonds$0$0
Investments-mortgage loans$0$0
Investments-other$28,241,947$27,209,621
Other assets$5,712$0
Total liabilities$0$0
Total liabilities and net assets/fund balances$37,559,421$39,459,883
Capital Gains and Losses for Tax on Investment Income
20122013
Capital gain net income$409,279$500,160
Net capital loss$0$0
Excise Tax Based on Investment Income
20122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNo
Tax based on investment income$24,784$18,082
Total credits and payments$43,632$68,848
Current year estimated tax payments and previous year's overpayment credited to current year$28,632$38,848
Exempt foreign organizations-tax withheld at source$0$0
Tax paid with application for extension of time to file (Form 8868)$15,000$30,000
Backup withholding erroneously withheld$0$0
Any penalty for underpayment of estimated tax$0$0
Tax due$0$0
Overpayment$18,848$50,766
Amount to be credited to next year's estimated tax$18,848$50,766
Statements Regarding Activities
20122013
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?NoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?YesYes
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNo
Did any persons become substantial contributors during the tax year?YesYes
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
20122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNo
Agree to pay money or property to a government official?NoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNo
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)?YesNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
20122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$41,332,249$44,764,068
Net value of noncharitable-use assets$40,712,265$44,092,607
Minimum investment return$2,035,613$2,204,630
Distributable Amount
20122013
Distributable amount$2,010,829$2,186,548
Undistributed Income
20122013
Distributable amount for this year$2,010,829$2,186,548
Undistributed income for this year. This amount must be distributed in the next year$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$1,531,051$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$-13,927$0$-13,927
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-13,927$0$-13,927
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$1,726
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$1,476
Taxes and licenses$250
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-15,653
Unrelated business taxable income before net operating loss deduction$-15,653
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-15,653
Specific deduction$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Gary Saltz Foundation Inc to others? (optional)
  
Add photo of Gary Saltz Foundation Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Other organizations in New York
IdNameAddressStateEstablishedTotal Income
1Friedman Family Foundation77 Water St Fl 9, New York, NY 10005-4414NY1980-07$9,531,126
2Friends Of Bristol Valley Playhouse Foundation IncPO BOX 218, Naples, NY 14512-0218NY1984-11$471,882
3Friends Of Jowonio Inc3049 East Genesee Street, Syracuse, NY 13224-1699NY1995-06$399,857
4Friends Of The Rosamond Gifford Zoo At Burnet Park Inc1 Conservation Pl, Syracuse, NY 13204-2590NY1976-12$6,155,347
5Fulton Friendship House IncPO BOX 292, Gloversville, NY 12078-0003NY1986-02$1,740,679
6Fund For Life Foundation Inc1552 53rd St, Brooklyn, NY 11219-3956NY1996-03$3,696,913
7Fund For The Advancement Of Mental Health Inc669 Castleton Ave, Staten Island, NY 10301-2028NY1960-01$365,839
8G&e Dubin Fam Foundation Tr, Dubin Glenn Et Al Ttee1177 Avenue Of The Americas Fl 18, New York, NY 10036-2714NY2002-05$5,774,286
9Garden Club Of America14 East 60th Street, New York, NY 10022-1006NY1954-08$9,301,477
10Garfield Foundation475 Park Ave S Fl 31, New York, NY 10016-6901NY1980-12$15,831,820
11Gary Saltz Foundation Inc150 E 52nd St 28th Fl, New York, NY 10022-6017NY1985-08$15,091,335
12Gay Alliance Of The Genesee Valley Inc875 E Main St Ste 500, Rochester, NY 14605-2747NY1981-11$595,054
13Gellman Foundation4053 Maple Road, Amherst, NY 14226-1058NY1988-07$40,345
14Genesee Valley Quilt Club Inc14 Kingswood Dr, Rochester, NY 14624-3339NY2001-03$44,892
15Gerry Foundation IncOne Cablevision Center, Liberty, NY 12754NY1997-08$33,404,983
16Gerson Family Foundation Inc19 W 95th St, New York, NY 10025-6755NY1994-03$1,662,412
17Gildas Club Capital Region Ny Inc2 Lyon Pl, White Plains, NY 10601-5402NY2000-03$0
18Giordano Family Foundation77 Water St 9th Fl, New York, NY 10005-4401NY1992-10$242,545
19Gladys Krieble Delmas Foundation275 Madison Ave Fl 33, New York, NY 10016-1101NY1976-07$7,422,918
20Glenwood Handicapped Services Inc3226 Wilkins Rd, Ithaca, NY 14850-9568NY1983-06$266,278

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Gary Saltz Foundation Inc and has no official or unofficial affiliation with Gary Saltz Foundation Inc