Gerry Foundation Inc in Liberty, New York (NY)

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

Non-representatives - add comments about Gerry Foundation Inc»

Gerry Foundation Inc
Employer Identification Number (EIN)141798234
Name of OrganizationGerry Foundation Inc
In Care of NameAlan Gerry
AddressOne Cablevision Center, Liberty, NY 12754
ActivitiesMuseum, zoo, planetarium, etc., Historical site, records or reenactment, Cultural performances
SubsectionCharitable Organization
Ruling Date08/1997
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$87,767,294
Amount of Income$33,404,983
Form 990 Revenue Amount$-2,672,063
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Operating Foundations


Non-representatives - add comments:


CAPTCHA

Your IP address 3.94.129.211 will be logged.

Amount of income in 2013: $33,404,983 (it was $17,224,252 in 2012)
This organization: 

 $33,404,983
Other organizations performing similar types of work: 

 $45,945

Assets in 2013: $87,767,294 (it was $77,091,705 in 2012)
This organization: 

 $87,767,294
Other organizations performing similar types of work: 

 $120,180

Expenses in 2013: $6,480,573
Gerry Foundation Inc: 

 $6,480,573
Other organizations performing similar types of work: 

 $39,714

Income to expenses ratio in 2013: 5.2
Gerry Foundation Inc: 

 5.2
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 88.2%
This organization: 

 88.2%
Other organizations performing similar types of work: 

 2.2%

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$17,395,031$21,078,869$2,437,352
Contributions, gifts, grants, etc., received$15,341,943
Interest on savings and temporary cash investments$254,063
Dividends and interest from securities$0
Gross rents$47,956
Gross sales price for all assets$17,678,699
Gross profit from sales of goods$0
Other income$82,322
Other$1,668,747
Total expenses and disbursements$6,480,573$905,763$905,763$4,901,098
Compensation of officers, directors, trustees, etc.$111,878
Pension plans, employee benefits$151,933
Legal fees$14,481
Accounting fees$47,537
Interest$741
Depreciation$179,980
Occupancy$0
Travel, conferences, and meetings$58,307
Printing and publications$0
Total operating and administrative expenses$4,312,088$905,763$2,732,613
Contributions, gifts, grants paid$2,168,485
Excess of revenue over expenses and disbursements$10,914,458
Net investment income$20,173,106
Adjusted net income$1,531,589
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$182,937,740$197,449,533$77,091,705$100,291,027$87,767,294$124,594,203
Cash - non-interest-bearing$2,019,041$112,116$268,756
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$3,304,203$15,530,545$12,208,062
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$39,227,761$34,558,429$45,306,147
Other assets$0$0
Total liabilities$6,165,855$298,371$59,502
Mortgages and other notes payable$5,637,990$220,426$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$176,771,885$76,793,334$87,707,792
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$853,994$0$1,668,747
Net capital loss$0$-63,198$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$64,246$8,565$403,462
Total credits and payments$76,633$12,387$510,000
Current year estimated tax payments and previous year's overpayment credited to current year$76,633$12,387$490,000
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$20,000
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$6
Tax due$0$0
Overpayment$3,822$106,532
Amount to be credited to next year's estimated tax$12,387$3,822$106,532
Statements Regarding Activities
201120122013
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?NoNoNo
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?NoNoNo
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?YesYesYes
Did any persons become substantial contributors during the tax year?NoNo
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
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?YesYesYes
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
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?NoNoNo
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?NoNoNo
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?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
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))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?YesYesYes
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
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
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$75,838,015$70,030,779$99,003,383
Net value of noncharitable-use assets$68,980,317$97,518,332
Minimum investment return$3,735,022$3,449,016$4,875,917
Distributable Amount
201120122013
Distributable amount$0$0$0
Undistributed Income
201120122013
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$1,531,589$0$0$282,361$1,813,950
Qualifying distributions made directly for active conduct of exempt activities$2,451,375$1,323,395$756,254$6,321,906$10,852,930
Value of all assets$124,594,203$0$0$0$124,594,203
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$3,250,774$2,299,344$392,557$2,490,015$8,432,690
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$254,063$0
Dividends and interest from securities$0$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 2008)
IncomeExpensesNet
Total$59,903$0$59,903
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$565,591$0$56,559
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$33,441$22$3,344
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 2008)
Total deductions$12,391
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
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$12,391
Unrelated business taxable income$46,512
Unrelated business taxable income before net operating loss deduction$47,512
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$47,512
Specific deduction$1,000
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 Gerry Foundation Inc to others? (optional)
  
Add photo of Gerry 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»
Recently Added Reviews
Leir Foundation Inc in New York, NY
*****
Arquetopia Foundation Inc, Arquetopia Foundation For Development in New York, NY
*****
Untapped Shores International Inc in Rochester, NY
*****
Stein Senior Center Inc in New York, NY
Romulus Club Inc in Buffalo, NY
****•
Clarendon Historical Society in Clarendon, NY
Grace Fellowship Ministries Inc in Brooklyn, NY
The Bridge Inc in New York, NY
Gateway Youth Outreach Inc in Elmont, NY
*****
Lucis Trust And Arcane School in New York, NY
*****
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Willem De Kooning Foundation790 Madison Avenue, New York, NY 10065-6124NY2001-05$73,681,377
2Sapling Foundation250 Hudson St Rm 1002, New York, NY 10013-1434NY2014-08$55,063,271
3Pussycat Foundation300 W 57 St Eve Burtonhearst Corp, New York, NY 10019NY2010-12$30,019,075
4Tiger Baron Foundation Inc233 Broadway Rm 2200, New York, NY 10279-2202NY2003-03$16,505,804
5Shelley & Donald Rubin Cultural Tr Ua 05111999150 West 17th Street, New York, NY 10011NY1999-08$16,495,047
6Case Commons Inc71 W 23rd St Fl 2, New York, NY 10010-3520NY2010-12$11,758,898
7Mys Family Us Charitable Foundation Inc499 Park Aave 11th Fl, New York, NY 10022NY2011-05$4,000,000
8Truma FoundationPO BOX 190190, Brooklyn, NY 11219-0190NY2000-04$3,935,237
9Sitchin Foundation Inc31 Bloomingdale Dr, Scarsdale, NY 10583-6631NY2007-11$3,672,428
10Guston Foundation250 W 82nd St Apt 42, New York, NY 10024-5423NY2013-05$3,181,217
11Wsb Family Foundation217 A Boght Rd, Watervliet, NY 12189-1308NY2014-06$3,068,482
12Tippet Rise Foundation665 Fifth Ave, New York, NY 10022-5305NY2012-05$1,578,831
13Second Ward Foundation599 Rt 7, Ancram, NY 12502-5258NY2013-07$1,071,725
14Ilya And Emilia Kabakov Foundation, Emilia Kabakov & Viola Kanevsky Tte1700 Park Ave, Mattituck, NY 11952-2277NY2012-09$803,948
15Vergel Foundation, John B Koegel161 Avenue Of The Americas, New York, NY 10013-1205NY1999-05$762,008
16Foundation Associates Llc, Gerald Fischbach Mbr505 Park Ave Fl 8, New York, NY 10022-1106NY2014-08$750,000
17Walther Family Foundation77 Water St Fl 9, New York, NY 10005-4414NY2010-01$737,131
18Soros Economic Development Fund224 W 57th St 9th Fl, New York, NY 10019-3212NY1994-11$602,255
19The@deegan FoundationPO BOX 110484, Brooklyn, NY 11211-0484NY2003-12$513,600
20Tufenkian Foundation Inc919 Third Avenue Street Level, New York, NY 10022NY1999-06$414,542
Number of organizations performing similar types of work
Alabama20
Arkansas6
Arizona21
California255
Colorado50
Connecticut21
District of Columbia9
Delaware7
Florida103
Georgia33
Hawaii6
Iowa6
Idaho8
Illinois37
Indiana16
Kansas10
Kentucky11
Louisiana12
Massachusetts40
Maryland20
Maine6
Michigan28
Minnesota26
Missouri19
Mississippi3
Montana5
North Carolina24
Nebraska7
New Hampshire7
New Jersey23
New Mexico9
Nevada26
New York122
Ohio45
Oklahoma9
Oregon16
Pennsylvania47
Rhode Island8
South Carolina15
South Dakota6
Tennessee17
Texas80
Utah25
Virginia29
Vermont4
Washington30
Wisconsin10
Wyoming4
International3
Total1,344

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