Generation Foundation 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
| Generation Foundation | |
| Employer Identification Number (EIN) | 010835940 |
| Name of Organization | Generation Foundation |
| In Care of Name | Peter S Knight |
| Address | 1 Bryant Park Fl 48, New York, NY 10036-6741 |
| Subsection | Educational Organization |
| Ruling Date | 06/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $233,626 |
| Amount of Income | $320,000 |
| Form 990 Revenue Amount | $120,000 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Education (Not Elsewhere Classified) |
Non-representatives - add comments:
Expenses 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 | $120,000 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $120,000 | |||
| 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 | $118,028 | $94 | $0 | $117,934 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $109,878 | $94 | $109,784 | |
| Contributions, gifts, grants paid | $8,150 | |||
| Excess of revenue over expenses and disbursements | $1,972 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $21,344 | $21,344 |
| Cash - non-interest-bearing | $21,344 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $21,344 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | 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? | 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 | $20,358 |
| Net value of noncharitable-use assets | $20,060 |
| Minimum investment return | $1,003 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,003 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,003 |
| 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 | Gamss Family Foundation | 1936 E 26th St, Brooklyn, NY 11229-2440 | NY | 2010-08 | $2,500 |
| 2 | Gateway Middle School | 211 West 61st Street, New York, NY 10023-7832 | NY | 2010-07 | $4,272,200 |
| 3 | Gateway Symphony Of Staten Island Inc | C/O Carl Ludders 124 Tysen Street, Staten Island, NY 10301 | NY | 1982-03 | $0 |
| 4 | Gattegno Foundation For Education Inc | 516 7th St, Brooklyn, NY 11215-3613 | NY | 1998-06 | $0 |
| 5 | Gc South Africa Foundation Limited | 15 Stonehedge Dr, Poughkeepsie, NY 12603-6509 | NY | 2010-06 | $5,486 |
| 6 | Geeknerdwonk Charitable Foundation, Stephanie A Jones Ttee | 310 E 55th St Apt 10-E, New York, NY 10022-8313 | NY | 2010-11 | $32,297 |
| 7 | Geel Grand Avenue Housing Development Fund Corporation | 2516 Grand Avenue, Bronx, NY 10468-4234 | NY | 2008-10 | $1 |
| 8 | Gelley Family Foundation | 3101 Bedford Ave, Brooklyn, NY 11210-3713 | NY | 2010-04 | $18,709 |
| 9 | General Building Laborers Union Local 66 Building Corporation | 1600 Walt Whitman Rd, Melville, NY 11747-3088 | NY | 1979-11 | $376,850 |
| 10 | General Sikorski Polish Supplementary School In Brooklyn | 2326 84th St, Brooklyn, NY 11214-3408 | NY | 1996-01 | $38 |
| 11 | Generation Foundation | 1 Bryant Park Fl 48, New York, NY 10036-6741 | NY | 2006-06 | $320,000 |
| 12 | Genesee Rowing Club Inc | PO BOX 10073, Rochester, NY 14610-0073 | NY | 2011-06 | $170,227 |
| 13 | Geneva Rotary Foundation Inc | Po Box 1144, Geneva, NY 14456 | NY | 2009-05 | $25,001 |
| 14 | Gennx Foundation Inc | 590 Madison Ave, New York, NY 10022-2524 | NY | 2010-08 | $7 |
| 15 | Genola Rural Cemetery Association | 23 Sandy Hollow Rd, Northport, NY 11768-3445 | NY | 1946-01 | $43,442 |
| 16 | George V And Jean A Smith Charitable Trust Ust 017999 | PO BOX 6437, Ithaca, NY 14851-6437 | NY | $2,089,969 | |
| 17 | George W Sullivan Foundation | 446 Waterloo Geneva Rd, Waterloo, NY 13165-1260 | NY | 1997-09 | $1 |
| 18 | Getting Tools To City Schools Inc | 262 Ainslie Street, Brooklyn, NY 11211 | NY | 2009-02 | $22,735 |
| 19 | Gettinger Family Foundation | 1407 Broadway, New York, NY 10018-5100 | NY | 2009-12 | $883,766 |
| 20 | Gettinger Foundation | 1407 Broadway, New York, NY 10018-5100 | NY | 1989-03 | $1 |
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