Krishanamurthy Tandon Foundation Inc in New York, New York (NY)

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Krishanamurthy Tandon Foundation Inc
Employer Identification Number (EIN)043744965
Name of OrganizationKrishanamurthy Tandon Foundation Inc
In Care of NameM Baharestani Cpa
AddressC/O M Baharestani 148 Madison Ave, New York, NY 10016
SubsectionCharitable Organization
Ruling Date01/2004
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$21,848,969
Amount of Income$26,951,972
Form 990 Revenue Amount$5,312,448
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2013: $26,951,972 (it was $19,072,605 in 2012)
This organization: 

 $26,951,972
Other organizations performing similar types of work: 

 $105,489

Assets in 2013: $21,848,969 (it was $21,320,360 in 2012)
This organization: 

 $21,848,969
Other organizations performing similar types of work: 

 $325,460

Expenses in 2012: $2,538,193
This organization: 

 $2,538,193
Other organizations performing similar types of work: 

 $49,058

Income to expenses ratio in 2012: 10.6
Krishanamurthy Tandon Foundation Inc: 

 10.6
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2012: 101.5%
This organization: 

 101.5%
Other organizations performing similar types of work: 

 22.8%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$9,407,906$295,944$-123,179
Contributions, gifts, grants, etc., received$9,546,766
Interest on savings and temporary cash investments$0
Dividends and interest from securities$295,944
Gross rents$0
Gross loss from sales of goods$-123,179
Gross sales less returns and allowances$-246,939
Less: Cost of goods sold$123,760
Other income$0
Total expenses and disbursements$2,538,193$23,246$1,913$2,412,490
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$228,540$23,246$102,837
Contributions, gifts, grants paid$2,309,653
Excess of revenue over expenses and disbursements$6,869,713
Net investment income$272,698
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$21,320,360$21,447,258
Cash - non-interest-bearing$8,213,934
Investments-U.S. and state government obligations$0
Investments-corporate stock$9,499,636
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$3,503,690
Other$103,100
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$21,320,360
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$-311,625
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$5,454
Total credits and payments$7,840
2012 estimated tax payments and 2011 overpayment credited to 2012$1,840
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$6,000
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$2,386
Amount to be credited to 2013 estimated tax$2,386
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)?Yes
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$17,344,843
Net value of noncharitable-use assets$17,084,680
Minimum investment return$854,234
Distributable Amount (for 2012)
Distributable amount$848,780
Undistributed Income (for 2012)
Distributable amount for 2012$848,780
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
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
IdNameAddressStateEstablishedTotal Income
1The Leona M & Harry B Helmsley Charitable Trust230 Park Ave Rm 659, New York, NY 10169-0698NY2000-05$3,583,632,795
2The Stanton Foundation1430 Broadway, New York, NY 10018-3308NY1991-09$272,615,823
3Simons Foundation Inc160 5th Ave Fl 7, New York, NY 10010-7037NY1995-02$189,054,047
4Timothy And Michele Barakett Foundation, Timothy R Barakett Ttee767 Fifth Avenue, New York, NY 10153-0023NY2008-12$177,772,737
5Sidney E Frank Charitable Foundation20 Cedar St, New Rochelle, NY 10801-5247NY2006-06$168,945,535
6Secunda Family Foundation IncPO BOX 1510, New York, NY 10150-1510NY2008-01$66,411,989
7Big East Conference Inc655 Third Ave Ste 711, New York, NY 10017-5621NY2015-04$51,000,000
8136 FundBaptiste / Schulte 919 Third Av, New York, NY 10022NY2010-08$50,527,717
9J&j Independent Foundation1251 Ave Of Th Amer, New York, NY 10020-1104NY2014-09$50,125,726
10Himan Brown Charitable Tr, Richard L Kay Ttee7 Times Square, New York, NY 10036-6524NY2010-11$49,842,453
11Jacques And Natasha Gelman Foundation260 Madison Ave, New York, NY 10016-2401NY2014-09$39,990,954
12Tansy Charitable Foundation, Eric Wepsic Ttee1166 Ave Of Americas 5th Fl, New York, NY 10036NY2010-08$33,659,332
13The Philanthropists Charity181 Beach 135th St, Belle Harbor, NY 11694-1303NY2008-08$33,595,354
14The Staten Island Foundation260 Christopher Lane Suite 3b, Staten Island, NY 10314-1607NY1999-04$31,545,125
15Source Of Hope Foundation667 Madison Ave Fl 17b, New York, NY 10065-8029NY2009-06$27,313,175
16Krishanamurthy Tandon Foundation IncC/O M Baharestani 148 Madison Ave, New York, NY 10016NY2004-01$26,951,972
17Bader Family Foundation, Lars E Bader Ttee1475 Franklin Ave, Garden City, NY 11530-1662NY2010-04$24,775,979
18Stephen P Hanson Family Foundation Inc2109 Broadway Apt 1518, New York, NY 10023-2151NY2009-11$22,431,372
19Egl Charitable Foundation40 W 57th St Ste 1440, New York, NY 10019-4001NY2011-05$21,530,532
20Rts Family FoundationPO BOX 860, Saratoga Spgs, NY 12866-0860NY1999-03$21,429,137
Number of organizations performing similar types of work
Alaska25
Alabama219
Arkansas78
Arizona303
California2,586
Colorado408
Connecticut419
District of Columbia111
Delaware583
Florida1,525
Georgia481
Hawaii85
Iowa178
Idaho58
Illinois1,113
Indiana311
Kansas157
Kentucky167
Louisiana161
Massachusetts705
Maryland425
Maine85
Michigan619
Minnesota384
Missouri346
Mississippi70
Montana69
North Carolina788
North Dakota20
Nebraska169
New Hampshire75
New Jersey876
New Mexico92
Nevada215
New York2,617
Ohio698
Oklahoma228
Oregon208
Pennsylvania1,086
Rhode Island184
South Carolina171
South Dakota32
Tennessee266
Texas1,263
Utah274
Virginia477
Vermont54
Washington401
Wisconsin354
West Virginia69
Wyoming63
International44
Total22,395

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