Long Island Neurological Institute Inc in Port Jefferson Station, 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
| Long Island Neurological Institute Inc | |
| Employer Identification Number (EIN) | 510602776 |
| Name of Organization | Long Island Neurological Institute Inc |
| Address | 1500-8b Rte 112 No 8a, Port Jefferson Station, NY 11776 |
| Subsection | Educational Organization |
| Ruling Date | 05/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $446,794 |
| Amount of Income | $355,001 |
| Form 990 Revenue Amount | $317,666 |
| National Taxonomy of Exempt Entities (NTEE) | Diseases, Disorders, Medical Disciplines: Neurology, Neuroscience |
Non-representatives - add comments:
Amount of income in 2012: $355,001 (it was $331,804 in 2011)
| This organization: | $355,001 |
| Other organizations performing similar types of work: | $146,878 |
Assets in 2012: $446,794 (it was $399,342 in 2011)
| This organization: | $446,794 |
| Other organizations performing similar types of work: | $69,233 |
Expenses in 2012: $334,296
| Long Island Neurological Institute Inc: | $334,296 |
| Other organizations performing similar types of work: | $114,753 |
Income to expenses ratio in 2012: 1.1
| Long Island Neurological Institute Inc: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 98.2%
| Long Island Neurological Institute Inc: | 98.2% |
| Other organizations performing similar types of work: | 70.9% |
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 | $317,666 | $6,899 | $6,899 | |
| Contributions, gifts, grants, etc., received | $312,102 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $6,899 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $334,296 | $500 | $0 | $325,292 |
| Compensation of officers, directors, trustees, etc. | $152,015 | |||
| Total operating and administrative expenses | $334,296 | $500 | $325,292 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-16,630 | |||
| Net investment income | $6,399 | |||
| Adjusted net income | $6,899 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $446,794 | $446,794 |
| Cash - non-interest-bearing | $12,040 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $260,118 | |
| Other | $174,636 | |
| Total liabilities | $113,302 | |
| Mortgages and other notes payable | $65,000 | |
| Other | $48,302 | |
| Total liabilities and net assets/fund balances | $333,492 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-1,335 |
| 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 | $128 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $128 |
| 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? | Yes |
| 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? | Yes |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | Yes |
| 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? | Yes |
| 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 | $383,215 |
| Net value of noncharitable-use assets | $377,460 |
| Minimum investment return | $18,873 |
| 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 | $6,899 | $17,574 | $13,639 | $12,156 | $50,268 |
| Qualifying distributions made directly for active conduct of exempt activities | $358,224 | $349,866 | $227,613 | $152,239 | $1,087,942 |
| Value of all assets | $446,794 | $399,342 | $400,086 | $296,897 | $1,543,119 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $446,794 | $399,342 | $400,086 | $296,897 | $1,543,119 |
| 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 | International Society For Neurochemistry Inc | 15915 Ventura Blvd, Encino, CA 91436-2736 | CA | 2011-08 | $3,587,459 |
| 2 | Collaborative Spine Research Foundation | 6300 N River Road Suite 700, Rosemont, IL 60540 | IL | 2012-12 | $659,000 |
| 3 | Chiari & Syringomyelia Foundation | 29 Crest Loop, Staten Island, NY 10312-5632 | NY | 2008-05 | $506,778 |
| 4 | Neurology Research Foundation Inc | 3084 Bedford Ave, Brooklyn, NY 11210-3714 | NY | 1995-02 | $469,608 |
| 5 | Long Island Neurological Institute Inc | 1500-8b Rte 112 No 8a, Port Jefferson Station, NY 11776 | NY | 2006-05 | $355,001 |
| 6 | Austism Center Of North Mississippi | 146 S Thomas Street, Tupelo, MS 38801-5328 | MS | 2011-09 | $328,129 |
| 7 | Neuro Assistance Foundation | 2320 Bridgewood Dr, Keller, TX 76262-8820 | TX | 2008-08 | $271,237 |
| 8 | Kadlec Neurological Resource Center | 1268 Lee Blvd, Richland, WA 99352-4231 | WA | 1984-12 | $236,717 |
| 9 | Project Walk - Kansas City Inc | 6600 College Blvd Ste 315, Overland Park, KS 66211-1522 | KS | 2012-04 | $208,273 |
| 10 | Northwest Collaborative | 507 S Washington, Spokane, WA 99204 | WA | 2003-07 | $174,619 |
| 11 | Kurt Peter Foundation | PO BOX 691, Menlo Park, CA 94026-0691 | CA | 2010-03 | $146,878 |
| 12 | International Symposium On Neural Regeneration Inc | 5728 Turkey Farm Road, Durham, NC 27705 | NC | 2010-09 | $130,824 |
| 13 | South Carolina Neurological Assn | PO BOX 11188, Columbia, SC 29211-1188 | SC | 2008-09 | $60,000 |
| 14 | The Northern California Chapter Of The Neuropathy Association | Po Box 6985, Auburn, CA 95604 | CA | 2002-09 | $47,993 |
| 15 | Asian Congress Of Neurological Surgeons Inc | 24b Sycamore Ln, Manchester, CT 06040 | CT | 2014-06 | $34,935 |
| 16 | International Society For Frontotemporal Dementias Inc | 1124 Frederick Dr S, Indianapolis, IN 46260-3421 | IN | 2013-06 | $19,619 |
| 17 | Turning Point Foundation | 948 Cindy Circle Lane, Wellington, FL 33141 | FL | 2004-12 | $11,550 |
| 18 | International Neurotoxin Association | 30 Broad Street, New York, NY 10004-2304 | NY | 2011-11 | $197 |
| 19 | Interstate Sigfa Health Organization | 426 Shepherd Avenue, Brooklyn, NY 11208-2322 | NY | 2014-11 | $0 |
| 20 | Learning And The Brain Foundation Incorporated | 42-54 196th Street, Flushing, NY 11358 | NY | 2014-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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