Koussevitzky Music 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
- Other organizations in New York
| Koussevitzky Music Foundation Inc | |
| Employer Identification Number (EIN) | 046128361 |
| Name of Organization | Koussevitzky Music Foundation Inc |
| In Care of Name | Law Offices Of James M Kendrick L |
| Address | 254 W 31st St Fl 15, New York, NY 10001-2813 |
| Activities | Other cultural or historical activities, Scholarships (other) |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 06/1942 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,219,539 |
| Amount of Income | $545,848 |
| Form 990 Revenue Amount | $148,493 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets 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 | $43,721 | $43,721 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $37,861 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $5,860 | |||
| Total expenses and disbursements | $134,248 | $13,173 | $0 | $76,250 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $57,998 | $13,173 | $0 | |
| Contributions, gifts, grants paid | $76,250 | |||
| Excess of revenue over expenses and disbursements | $-90,527 | |||
| Net investment income | $30,548 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,219,539 | $1,310,001 |
| Cash - non-interest-bearing | $97,006 | |
| Investments-U.S. and state government obligations | $290,366 | |
| Investments-corporate stock | $249,468 | |
| Investments-corporate bonds | $257,209 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $325,490 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,219,539 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $5,860 |
| 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 | $611 |
| Total credits and payments | $1,184 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $84 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $1,100 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $5 |
| Tax due | $0 |
| Overpayment | $568 |
| Amount to be credited to 2013 estimated tax | $568 |
| 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? | Yes |
| 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 | $1,395,559 |
| Net value of noncharitable-use assets | $1,374,620 |
| Minimum investment return | $68,731 |
| Distributable Amount (for 2012) | |
| Distributable amount | $68,120 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $68,120 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Kiver Foundation | 1016 Fifth Ave Ste 5d, New York, NY 10028-0132 | NY | 1998-02 | $47,443 |
| 2 | Ladies Oriental Shrine Of North America Inc | 1073 Ballston Lake Rd, Ballston Lake, NY 12019 | NY | 1940-09 | $466,581 |
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| 4 | Kashmiri Overseas Association Inc | 303 5th Ave Rm 1007, New York, NY 10016-6681 | NY | 1983-09 | $165,133 |
| 5 | Kelsey Fam Foundation, Kelsey John L Ttee | C/O J Velten 33 White Cliff La, Nesconset, NY 11767 | NY | 1997-10 | $547,651 |
| 6 | Kim Sanghee Fellowship Inc | 116 Pinehurst Ave Apt D4, New York, NY 10033-1790 | NY | 1997-03 | $5,478 |
| 7 | Kimball Family Foundation | 682 Broadway Apt 10, New York, NY 10012-2309 | NY | 2005-12 | $851,620 |
| 8 | Knights Of Lithuania Supreme Council, Supreme Council | 8 Tremont St, Albany, NY 12205-3528 | NY | 1972-11 | $30,286 |
| 9 | Knights Of York Inc | 30 Wall St Fl 8, New York, NY 10005-2205 | NY | 2000-07 | $178,564 |
| 10 | Korean American National Coordinating Council Inc, The East | 475 Riverside Drive, New York, NY 10115-0002 | NY | 2002-11 | $10,797 |
| 11 | Koussevitzky Music Foundation Inc | 254 W 31st St Fl 15, New York, NY 10001-2813 | NY | 1942-06 | $545,848 |
| 12 | New Jersey Non-Construction Laborers District Council | 121 East 24th Street 8th Floor, New York, NY 10010 | NY | 1968-02 | $24,772 |
| 13 | Land Family Foundation | 60 Deer Hill Road Box 373, Cornwall On Hudson, NY 12520 | NY | 1998-11 | $329,129 |
| 14 | Kalabari National Association Inc | PO BOX 901, Wappingers Fl, NY 12590-0901 | NY | 2004-07 | $58,200 |
| 15 | Kalavant Center For Music And Dance Inc | 326 East 11th Street, New York, NY 10003-7410 | NY | 1998-08 | $92,092 |
| 16 | Kallinikeion Foundation | 630 Fifth Ave Tax Dept, New York, NY 10111-0100 | NY | 1994-04 | $2,582,400 |
| 17 | Kallir Family Foundation | 675 Third A, New York, NY 10017-5704 | NY | 2006-05 | $151,412 |
| 18 | Kalpana Datta Cancer Carefoundation | 499 Benito St, East Meadown, NY 11554-3806 | NY | 2006-09 | $3,600 |
| 19 | Kaman Foundation Inc, Duha Maria | 675 3rd Ave, Nyc, NY 10017-5707 | NY | 2002-09 | $7,000 |
| 20 | Kamargo Housing Development Fund, Kamargo Apartments | 224 Leray St, Black River, NY 13612-3112 | NY | 1989-12 | $186,190 |
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