Gross Family Foundation Inc 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
- Organizations performing similar types of work
| Gross Family Foundation Inc | |
| Employer Identification Number (EIN) | 134140636 |
| Name of Organization | Gross Family Foundation Inc |
| In Care of Name | Ron Gross |
| Address | 214 W 39th St, New York, NY 10018-4404 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $635,000 |
| Amount of Income | $532,410 |
| Form 990 Revenue Amount | $2,440 |
| National Taxonomy of Exempt Entities (NTEE) | Medical Research: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $532,410 (it was $167,240 in 2012)
| Gross Family Foundation Inc: | $532,410 |
| Other organizations performing similar types of work: | $70,593 |
Assets in 2013: $635,000 (it was $298,017 in 2012)
| Gross Family Foundation Inc: | $635,000 |
| Other organizations performing similar types of work: | $37,019 |
Expenses in 2012: $155,442
| This organization: | $155,442 |
| Other organizations performing similar types of work: | $50,264 |
Income to expenses ratio in 2012: 3.4
| Gross Family Foundation Inc: | 3.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
| Gross Family Foundation Inc: | 0.0% |
| Other organizations performing similar types of work: | 29.5% |
Revenue for 2012
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 | $116,803 | $117,190 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $106 | |||
| Dividends and interest from securities | $2,084 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $115,000 | |||
| Total expenses and disbursements | $155,442 | $289 | $0 | $154,240 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,202 | $289 | $0 | |
| Contributions, gifts, grants paid | $154,240 | |||
| Excess of revenue over expenses and disbursements | $-38,639 | |||
| Net investment income | $116,901 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $298,017 | $343,963 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $298,017 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $298,017 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-387 |
| 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 | $2,338 |
| Total credits and payments | $3,200 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,200 |
| 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 | $52 |
| Tax due | $0 |
| Overpayment | $810 |
| Amount to be credited to 2013 estimated tax | $810 |
| 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 | $392,185 |
| Net value of noncharitable-use assets | $386,300 |
| Minimum investment return | $19,315 |
| Distributable Amount (for 2012) | |
| Distributable amount | $16,977 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $16,977 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Chronic Fatigue Initiative Inc | 9 W 57th St Fl 32, New York, NY 10019-2703 | NY | 2011-09 | $2,350,031 |
| 2 | Global Prostate Cancer Research Foundation Inc | 515 E 72nd St Apt 35d, New York, NY 10021-4074 | NY | 2012-07 | $1,515,979 |
| 3 | Early Diagnosis And Treatment Research Foundation Inc | PO BOX 1609, New York, NY 10021-0044 | NY | 2009-09 | $1,500,390 |
| 4 | Solving Kids Cancer Inc | 1 E 53rd St Fl 5, New York, NY 10022-4239 | NY | 2007-08 | $804,412 |
| 5 | Depressive And Bipolar Disorder Alternative Treatment Foundation | 450 Park Ave Fl 9, New York, NY 10022-2741 | NY | 2011-08 | $680,025 |
| 6 | Walk The Walk America Inc | 1600 Bausch And Lomb Pl, Rochester, NY 14604-2711 | NY | 2013-01 | $640,858 |
| 7 | Harry Fisch Research Fund Inc, The Fund For Integrative Medicine | 944 Park Ave, New York, NY 10028-0319 | NY | 2010-05 | $501,454 |
| 8 | Sustainable Kidney Care Foundation | Po Box 287005, New York, NY 10128 | NY | 2007-09 | $364,047 |
| 9 | Saving Second Base Inc | Po Box 215, New York, NY 10012 | NY | 2008-04 | $347,514 |
| 10 | Jonahs Just Begun-Foundation To Cure Sanfilippo Inc | PO BOX 150057, Brooklyn, NY 11215-0057 | NY | 2010-11 | $303,660 |
| 11 | Team Sanfilippo Foundation | PO BOX 144, Saratoga Spgs, NY 12866-0144 | NY | 2010-03 | $289,760 |
| 12 | Greggs Wings Inc | 158 Oceanview Rd, East Rockaway, NY 11518-1021 | NY | 2012-06 | $134,899 |
| 13 | Crawfish For Cancer Inc | 161 E 91st Street Apt 4a, New York, NY 10128 | NY | 2011-01 | $127,151 |
| 14 | Pin Down Bladder Cancer | C/O Marvin Traub Llc 885 Third Ave, New York, NY 10022 | NY | 2013-02 | $109,259 |
| 15 | Stella Liniado Rainbow Foundation Inc | 716 Avenue N, Brooklyn, NY 11230-5716 | NY | 2007-09 | $92,510 |
| 16 | Nyfac Foundation | 9516 Pitkin Ave, Ozone Park, NY 11417-2834 | NY | 2012-08 | $89,627 |
| 17 | Tay-Bandz Inc | PO BOX 20077, New York, NY 10023-1477 | NY | 2004-08 | $74,368 |
| 18 | Rich In Love Charity Inc | 167 East 67th Street No 8f, New York, NY 10065 | NY | 2006-12 | $73,176 |
| 19 | Moms Who Kick Inc | 20 Bayard Ave, Bayville, NY 11709 | NY | 2011-03 | $70,086 |
| 20 | The Katie Mcbride Foundation Inc | 36 Redwood Drive, Great River, NY 11739 | NY | 2010-11 | $67,403 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 878 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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