Gips Foundation Inc in Brooklyn, 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
| Gips Foundation Inc | |
| Employer Identification Number (EIN) | 113539608 |
| Name of Organization | Gips Foundation Inc |
| In Care of Name | Malkie Gips |
| Address | 1442 47th St, Brooklyn, NY 11219-2634 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1 to $9,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $371 |
| Amount of Income | $18,000 |
| Form 990 Revenue Amount | $18,000 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
Non-representatives - add comments:
Expenses for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $18,000 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $18,000 | |||
| 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 | $18,656 | $0 | $0 | $17,328 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,328 | $0 | $0 | |
| Contributions, gifts, grants paid | $17,328 | |||
| Excess of revenue over expenses and disbursements | $-656 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $371 | $371 |
| Cash - non-interest-bearing | $371 | |
| 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 | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $371 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| 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 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $1,796 |
| Net value of noncharitable-use assets | $1,760 |
| Minimum investment return | $88 |
| Distributable Amount (for 2011) | |
| Distributable amount | $88 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $88 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Gimprich Family Foundation Inc | 1 W 4th St, New York, NY 10012-1105 | NY | 1976-02 | $1,280,871 |
| 2 | Gina And David Chu Foundation | 25 E 22nd St, New York, NY 10010-5301 | NY | 2002-04 | $192,634 |
| 3 | Gina Gibney Dance Inc | 890 Broadway Fl 5, New York, NY 10003-1211 | NY | 1992-02 | $1,390,179 |
| 4 | Gina Harman Family Foundation Inc | 237 Lafayette St Apt 5e, New York, NY 10012-4008 | NY | 2004-03 | $149 |
| 5 | Gindi Foundation | C/O Moussa Gindi 2147 Ocean Parkway, Brooklyn, NY 11223 | NY | 2000-03 | $250 |
| 6 | Gingerbread Learning Center Inc | 80 Woodrow Rd, Staten Island, NY 10312-1313 | NY | 1992-03 | $5,431,982 |
| 7 | Gingerbread Players & Jack Inc | PO BOX 750296, Forest Hills, NY 11375-0296 | NY | 1977-03 | $82,167 |
| 8 | Gingold Theatrical Group, Gtg | 520 8th Ave Rm 304, New York, NY 10018-8641 | NY | 2008-02 | $326,538 |
| 9 | Ginsberg 1995 Charitable Tr, Brown Marvin Ttee | C/O M Brown 1359 Broadway, New York, NY 10018 | NY | 1996-12 | $4,469 |
| 10 | Giorno Poetry Systems Institute Inc | 222 Bowery, New York, NY 10012-4203 | NY | 1974-09 | $231,286 |
| 11 | Gips Foundation Inc | 1442 47th St, Brooklyn, NY 11219-2634 | NY | 2000-09 | $18,000 |
| 12 | Gipsy Trail Club Inc | 607 Gipsy Trail Rd, Carmel, NY 10512-4202 | NY | 1952-04 | $2,452,872 |
| 13 | Girgenti Foundation, Girgenti Jody Et Al Ttee | 3312 Judith Dr, Bellmore, NY 11710-5425 | NY | 2001-02 | $17,521 |
| 14 | Girl Friends Fund Inc | 179-24 Linden Bld Suite 100, Jamacia, NY 11434 | NY | 1989-06 | $106,924 |
| 15 | Girl Scout Council Of Buffalo & Erie County Inc | 70 Jewett Pkwy, Buffalo, NY 14214-2322 | NY | 1937-09 | $4,363,207 |
| 16 | Girl Scout Council Of Central New York Inc | 8170 Thompson Rd, Cicero, NY 13039-9393 | NY | 1971-09 | $2,400,848 |
| 17 | Girl Scout Council Of Greater New York Inc | 40 Wall Street Suite 708, New York City, NY 10005-1304 | NY | 1942-01 | $9,523,763 |
| 18 | Girl Scouts - Foothills Council Inc | 5 Ellinwood Ct, New Hartford, NY 13413-1105 | NY | 1963-08 | $1,692,122 |
| 19 | Girl Scouts Indian Hills Council Inc | PO BOX 2145, Binghamton, NY 13902-2145 | NY | 1966-06 | $3,197,434 |
| 20 | Girl Scouts Of America Thousand Islands Girl Scout Council Inc | 253 State St, Watertown, NY 13601-2604 | NY | 1952-09 | $1,508,384 |
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