Shepards Cornerstone Foundation Inc in Ridgewood, New Jersey (NJ)
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
| Shepards Cornerstone Foundation Inc | |
| Employer Identification Number (EIN) | 010548602 |
| Name of Organization | Shepards Cornerstone Foundation Inc |
| In Care of Name | L Wollin |
| Address | 124 Prospect St, Ridgewood, NJ 07450-4406 |
| Subsection | Educational Organization |
| Ruling Date | 07/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,203,258 |
| Amount of Income | $1,147,908 |
| Form 990 Revenue Amount | $-132,194 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Art Museums |
Non-representatives - add comments:
Amount of income in 2013: $1,147,908 (it was $14,310 in 2012)
| Shepards Cornerstone Foundation Inc: | $1,147,908 |
| Other organizations performing similar types of work: | $85,415 |
Assets in 2013: $1,203,258 (it was $615,398 in 2012)
| This organization: | $1,203,258 |
| Other organizations performing similar types of work: | $116,686 |
Expenses in 2012: $89,848
| This organization: | $89,848 |
| Other organizations performing similar types of work: | $69,526 |
Income to expenses ratio in 2012: 12.8
| Shepards Cornerstone Foundation Inc: | 12.8 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2012: 0.0%
| Shepards Cornerstone Foundation Inc: | 0.0% |
| Other organizations performing similar types of work: | 100.0% |
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 | $13,612 | $14,310 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $11 | |||
| Dividends and interest from securities | $14,299 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $89,848 | $0 | $0 | $66,500 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $23,848 | $0 | $500 | |
| Contributions, gifts, grants paid | $66,000 | |||
| Excess of revenue over expenses and disbursements | $-76,236 | |||
| Net investment income | $14,310 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $615,398 | $742,608 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $369,114 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $-67,338 | |
| Other | $313,622 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $615,398 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-698 |
| 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 | $143 |
| Total credits and payments | $1,246 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,246 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,103 |
| Amount to be credited to 2013 estimated tax | $1,103 |
| 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? | 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 | $679,826 |
| Net value of noncharitable-use assets | $669,620 |
| Minimum investment return | $33,481 |
| 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 | $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 |
| Write your review! |
|
|
| Recently Added Reviews |
Divine House Of Deliverance in Atlantic City, NJ
  |
|
Ezras Dovid in Lakewood, NJ
|
| Vanech Family Foundation in Morristown, NJ |
|
Visiting Health Services Of Union County Inc in Westfield, NJ
|
| Robert J And Elaine Ciatto Family Foundation Inc in Morristown, NJ |
|
Christian Breakthrough Fellowship International Ministries in Union, NJ
|
Ruesch Family Foundation in Pennington, NJ
 |
| Indian American Senior Citizen Association Inc in Clifton, NJ |
|
Association Of Independent Contractor Bus Drivers in Paterson, NJ
|
|
Jersey Shore Baseball Association in Tuckerton, NJ
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Shraman South Asian Museum And Learning Center Foundation | Two Lincoln Center, Dallas, TX 75240 | TX | 2012-11 | $21,378,476 |
| 2 | American Museum Of Western Art-The Anschutz Collection | 1727 Tremont Pl, Denver, CO 80202-4006 | CO | 2010-09 | $13,080,693 |
| 3 | Broad Collection | 10900 Wilshire Blvd Fl 12, Los Angeles, CA 90024-6548 | CA | 2011-05 | $9,302,568 |
| 4 | New Museum At The Bradford Brinton Ranch | PO BOX 460, Big Horn, WY 82833-0460 | WY | 2012-06 | $6,938,926 |
| 5 | Museum Of World War Ii Inc | 46 Eliot St, Natick, MA 01760-6042 | MA | 2013-03 | $4,867,300 |
| 6 | Museum Of Craft And Design | 2569 3rd St, San Francisco, CA 94107-3112 | CA | 2003-09 | $2,898,809 |
| 7 | International Art Museum Of America | 1023 Market St, San Francisco, CA 94103-1605 | CA | 2010-08 | $2,046,282 |
| 8 | Blauvelt-Demarest Foundation Inc | 27 Route 202 South 3rd Floor, Far Hills, NJ 07931 | NJ | 1976-11 | $1,294,072 |
| 9 | Westwood Village Improvement Assn | 10880 Wilshire Blvd Ste 117, Los Angeles, CA 90024-4177 | CA | 2001-01 | $1,176,647 |
| 10 | Shepards Cornerstone Foundation Inc | 124 Prospect St, Ridgewood, NJ 07450-4406 | NJ | 2002-07 | $1,147,908 |
| 11 | Cedarburg Art Museum Inc | W63n675 Washington Ave, Cedarburg, WI 53012-1900 | WI | 2013-03 | $1,055,638 |
| 12 | Washington Art Consortium | Wwu Fine Arts Complex 130, Bellingham, WA 98225 | WA | 2001-05 | $995,777 |
| 13 | The Alfa Art Center A Nj Nonprofit Corporation | 108 Church Street, New Brunswick, NJ 08901 | NJ | 2011-02 | $59,545 |
| 14 | Hammonton Arts Center | Po Box 831, Hammonton, NJ 08037 | NJ | 1999-02 | $58,353 |
| 15 | Jersey Central Art Studios A Nj Nonprofit Corp, Jcas (Abreviated From Jersey Central Art Studios) | 221 Orchard Street, Cranford, NJ 07016 | NJ | 2000-03 | $29,595 |
| 16 | Bergen Museum Of Art And Science | 143 Sherwood Ave, Teaneck, NJ 07666-3918 | NJ | 2014-09 | $8,750 |
| 17 | Forgetten Warriors | 221 Roseann Ave, N Cape May, NJ 08204-3477 | NJ | 2006-04 | $0 |
| 18 | Hobart Cooperative Art Gallery Inc | 235 Garden Street, Hoboken, NJ 07030 | NJ | 2007-11 | $0 |
| 19 | New Jersey Museum Of Contemporary Art Inc | 439 Fawns Run, Morganville, NJ 07751 | NJ | 2009-11 | $0 |
| 20 | Sculpture For Leonia | 3 Winthrop Place, Leonia, NJ 07605 | NJ | 2009-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 513 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Shepards Cornerstone Foundation Inc »
Non-representatives - add comments about Shepards Cornerstone Foundation Inc»