L&f Schwartz Foundation Tr, Schwartz Lenny Ttee 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
- Organizations performing similar types of work
| L&f Schwartz Foundation Tr, Schwartz Lenny Ttee | |
| Employer Identification Number (EIN) | 026142564 |
| Name of Organization | L&f Schwartz Foundation Tr |
| Secondary Name | Schwartz Lenny Ttee |
| In Care of Name | Ace Management |
| Address | 5312 New Utrecht Ave, Brooklyn, NY 11219-4139 |
| Subsection | Educational Organization |
| Ruling Date | 12/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $214,579 |
| Amount of Income | $74,947 |
| Form 990 Revenue Amount | $45,155 |
| National Taxonomy of Exempt Entities (NTEE) | Youth Development: Youth Development - Religious Leadership |
Non-representatives - add comments:
Amount of income in 2013: $74,947 (it was $42,880 in 2012)
| L&f Schwartz Foundation Tr, Schwartz Lenny Ttee: | $74,947 |
| Other organizations performing similar types of work: | $103,745 |
Assets in 2013: $214,579 (it was $170,282 in 2012)
| L&f Schwartz Foundation Tr, Schwartz Lenny Ttee: | $214,579 |
| Other organizations performing similar types of work: | $35,711 |
Expenses in 2012: $28,357
| This organization: | $28,357 |
| Other organizations performing similar types of work: | $110,730 |
Income to expenses ratio in 2012: 2.6
| This organization: | 2.6 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 9.9% |
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 | $42,880 | $21 | $21 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $21 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $42,859 | |||
| Total expenses and disbursements | $28,357 | $57 | $57 | $28,300 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $57 | $57 | $0 | |
| Contributions, gifts, grants paid | $28,300 | |||
| Excess of revenue over expenses and disbursements | $14,523 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $170,282 | $170,282 |
| Cash - non-interest-bearing | $96,369 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $73,913 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $170,282 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $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 | $144,461 |
| Net value of noncharitable-use assets | $142,300 |
| Minimum investment return | $7,115 |
| Distributable Amount (for 2012) | |
| Distributable amount | $7,115 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $7,115 |
| 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 | $0 | $0 | $0 | $0 | $0 |
| 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 | $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 | Bronfman Youth Fellowships In Israel Inc | 163 Delaware Ave Ste 102, Delmar, NY 12054-1313 | NY | 2002-07 | $1,590,477 |
| 2 | Camp Zichron Zvi Dovid Inc | 1569 45th St, Brooklyn, NY 11219-1629 | NY | 2014-03 | $1,534,615 |
| 3 | Project Extreme | 335 Central Avenue, Lawrence, NY 11559-1698 | NY | 2001-09 | $1,345,391 |
| 4 | Nesiya Institute | Suite 411, New York, NY 10001 | NY | 1987-10 | $214,147 |
| 5 | Utopia Outreach Inc | 634 Clove Rd, Staten Island, NY 10310-2707 | NY | 2000-11 | $183,596 |
| 6 | Raising Generations Today Inc | 2274 Millport Rd, Millport, NY 14864 | NY | 2014-07 | $23,660 |
| 7 | Jewish Youth Programs Inc | 1222 East 31st Street, Brooklyn, NY 11210 | NY | 2014-06 | $36 |
| 8 | Asn Mission Driven Purpose | 1376 Ogden Ave Apt 5a, Bronx, NY 10452-2316 | NY | 2014-10 | $0 |
| 9 | Combat Zone Ministries Inc | Po Box 303, Victor, NY 14564 | NY | 2000-10 | $0 |
| 10 | Conscious Kids Inc | 88 Pine Street - 21st Floor, New York, NY 10005 | NY | 2009-03 | $0 |
| 11 | Egbe Iwa Odo Kunrin Egbe Iwa Odo Binrin Inc | 1369 Broadway Suite 21-1029, Brooklyn, NY 11221 | NY | 2007-02 | $0 |
| 12 | Free Spirit Summer Youth Program Inc | 51 Van Duzer St # 53, New York, NY 10301-3225 | NY | 2000-08 | $0 |
| 13 | Hiding Place Inc | 31 Holly Dr, Smithtown, NY 11787-4251 | NY | 2003-01 | $0 |
| 14 | Impact Campus Fellowship Inc | Po Box 31, Jamestown, NY 14702 | NY | 2008-03 | $0 |
| 15 | Jesus Project Inc | 10 Harrington Lane, Old Chatham, NY 12136 | NY | 1998-08 | $0 |
| 16 | Lifeway Youth Center Of Belfast New York Inc | 7937 Emery Rd, Belfast, NY 14711-8795 | NY | 2015-02 | $0 |
| 17 | Pearls Of Hope Inc | 1499 E 10th St, Brooklyn, NY 11230 | NY | 2015-02 | $0 |
| 18 | Riwoche Society | 1633 Broadway, New York, NY 10019-6708 | NY | 1997-07 | $0 |
| 19 | Theotokos Ministries Inc | 3830 Lynn Dr, Orchard Park, NY 14127-4020 | NY | 2014-06 | $0 |
| 20 | Xertion Youth Inc | 12872 Centerline Road, South Wales, NY 14139 | NY | 2011-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 757 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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