The Krusos Foundation Inc in Lloyd Harbor, 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
| The Krusos Foundation Inc | |
| Employer Identification Number (EIN) | 113241704 |
| Name of Organization | The Krusos Foundation Inc |
| Address | 22 Mallard Dr, Lloyd Harbor, NY 11743-9712 |
| Activities | Preservation of natural resources (conservation) |
| Subsection | Charitable Organization |
| Ruling Date | 05/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2012 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $541,922 |
| Amount of Income | $115,211 |
| Form 990 Revenue Amount | $91,979 |
| National Taxonomy of Exempt Entities (NTEE) | Environmental Quality, Protection and Beautification: Natural Resources Conservation and Protection |
Non-representatives - add comments:
Amount of income in 2012: $115,211 (it was $91,979 in 2011)
| The Krusos Foundation Inc: | $115,211 |
| Other organizations performing similar types of work: | $87,307 |
Assets in 2012: $541,922 (it was $638,393 in 2011)
| This organization: | $541,922 |
| Other organizations performing similar types of work: | $146,544 |
Expenses in 2012: $98,615
| The Krusos Foundation Inc: | $98,615 |
| Other organizations performing similar types of work: | $68,469 |
Income to expenses ratio in 2012: 1.2
| The Krusos Foundation Inc: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 3,037.0%
| The Krusos Foundation Inc: | 3,037.0% |
| Other organizations performing similar types of work: | 91.7% |
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 | $3,211 | $1 | $1 | |
| Contributions, gifts, grants, etc., received | $97,519 | |||
| 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 | $98,615 | $0 | $22,598 | $75,675 |
| Compensation of officers, directors, trustees, etc. | $25,759 | |||
| Total operating and administrative expenses | $98,615 | $0 | $75,675 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-95,404 | |||
| Net investment income | $1 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $541,922 | $1,005,276 |
| Cash - non-interest-bearing | $10,980 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $34,000 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $496,942 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $541,922 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-94,308 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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 | $19,440 |
| Net value of noncharitable-use assets | $19,140 |
| Minimum investment return | $957 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $75,675 | $85,377 | $89,559 | $116,931 | $367,542 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $638 | $0 | $0 | $0 | $638 |
| 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 | $1 | $1 | $3,377 | $3,379 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | South Shore Association Of Oneida Lake Inc | 6690 S Bay Rd, Cicero, NY 13039-9766 | NY | 1976-08 | $368,820 |
| 2 | St Bartholomews Conservancy Inc | 325 Park Ave, New York, NY 10022-6814 | NY | 1993-04 | $53,555 |
| 3 | Somers Land Trust Inc | Po Box 248, Somers, NY 10589 | NY | 1993-07 | $25,463 |
| 4 | African Society For Animal Protection Inc | 175 W 79th St 10e, New York, NY 10024-6450 | NY | 1990-03 | $0 |
| 5 | Alliance For America Foundation | PO BOX 449, Caroga Lake, NY 12032-0449 | NY | 1994-08 | $0 |
| 6 | Anti-Mine Alliance | PO BOX 7725, Highland, NY 12528 | NY | 1996-07 | $0 |
| 7 | Bermudian Landmark Preservation Ltd | 605 Third Ave, New York, NY 10158-0180 | NY | 1992-03 | $0 |
| 8 | Center For Wildlife Awareness And Rehabilitation Inc | 356 Golden Hill Road, Cornwallville, NY 12418 | NY | 1996-05 | $0 |
| 9 | Fort Totten Conservancy Inc | 18605 Wexford Ter, Jamaica, NY 11432-2412 | NY | 1998-05 | $0 |
| 10 | Genesee Valley Developmental Learning Group Inc | 45 W Main St, Leroy, NY 14482-1305 | NY | 1992-04 | $0 |
| 11 | Honeoye Valley Association Inc | Po Box 165, Honeoye, NY 14471 | NY | 1995-09 | $0 |
| 12 | Lynx With The Earth Inc | PO BOX 117, Raquette Lake, NY 13436-0117 | NY | 1991-08 | $0 |
| 13 | Nassau Union Of Concerned Citizens Inc | 99 Old Rt 20, East Nassau, NY 12062 | NY | 1996-08 | $0 |
| 14 | North American Coalition For Christianity And Ecology Inc, Network Alliance Of Congregations Caring For Earth | 10 Wesley Street, Center Moriches, NY 11934 | NY | 1988-05 | $0 |
| 15 | Northern Catskills Audubon Society Inc | Po Box 68, Palenville, NY 12463 | NY | 1995-11 | $0 |
| 16 | Open Space Council | Po Box 275, Brookhaven, NY 11719 | NY | 1995-07 | $0 |
| 17 | Putnam Highlands Audubon Society | Po Box 292, Cold Spring, NY 10516 | NY | 1991-06 | $0 |
| 18 | Resources Development Foundation | Local, New York, NY 10025 | NY | 1985-01 | $0 |
| 19 | Southern Tier Environmental Educators Network | Finch Hollow Nature Center 1394 Oakdale Road, Johnson City, NY 13790 | NY | 1992-10 | $0 |
| 20 | White Otter Fish And Game Club | Po Box 21, Woodgate, NY 13494 | NY | 1995-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 695 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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