Siat Foundation in Far Rockaway, 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
| Siat Foundation | |
| Employer Identification Number (EIN) | 137246627 |
| Name of Organization | Siat Foundation |
| In Care of Name | Jonathan Sternberg |
| Address | 2431 Healy Ave, Far Rockaway, NY 11691-1830 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $287,293 |
| Amount of Income | $201,854 |
| Form 990 Revenue Amount | $653,191 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations |
Non-representatives - add comments:
Amount of income in 2014: $201,854 (it was $2,822 in 2012)
| Siat Foundation: | $201,854 |
| Other organizations performing similar types of work: | $123,400 |
Assets in 2014: $287,293 (it was $189,888 in 2012)
| This organization: | $287,293 |
| Other organizations performing similar types of work: | $188,019 |
Expenses in 2012: $52,001
| Siat Foundation: | $52,001 |
| Other organizations performing similar types of work: | $82,376 |
Income to expenses ratio in 2012: 3.9
| Siat Foundation: | 3.9 |
| Other organizations performing similar types of work: | 5.6 |
Grants share in income in 2012: 0.0%
| Siat Foundation: | 0.0% |
| Other organizations performing similar types of work: | 20.2% |
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 | $2,822 | $2,822 | $2,822 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,642 | |||
| Dividends and interest from securities | $1,180 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $52,001 | $128 | $0 | $51,873 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,001 | $128 | $4,873 | |
| Contributions, gifts, grants paid | $47,000 | |||
| Excess of revenue over expenses and disbursements | $-49,179 | |||
| Net investment income | $2,694 | |||
| Adjusted net income | $2,822 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $189,888 | $189,888 |
| Cash - non-interest-bearing | $166 | |
| Investments-U.S. and state government obligations | $53,380 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $136,342 | |
| Total liabilities | $550 | |
| Mortgages and other notes payable | $0 | |
| Other | $550 | |
| Total liabilities and net assets/fund balances | $189,338 | |
| 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 | $54 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $54 |
| 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 | $51,619 |
| Net value of noncharitable-use assets | $50,840 |
| Minimum investment return | $2,542 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,488 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,488 |
| 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 | $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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Taos Community Foundation Inc | PO BOX 1925, Taos, NM 87571-1925 | NM | 1998-12 | $4,057,729 |
| 2 | The Community Foundation For The Greater Capital Region Inc | 6 Tower Place, Albany, NY 12203-3725 | NY | 1968-12 | $71,687,086 |
| 3 | Westchester Community College Foundation Inc | 75 Grasslands Rd, Valhalla, NY 10595-1550 | NY | 1970-06 | $33,951,916 |
| 4 | The Service Collaborative Of Wny Inc | 2188 Seneca St, Buffalo, NY 14210-2435 | NY | 2001-03 | $7,446,508 |
| 5 | The Eileen Fisher Community Foundation Inc | 2 Bridge Street, Irvington, NY 10533-1593 | NY | 2011-08 | $3,639,098 |
| 6 | Stewarts Foundation | PO BOX 435, Saratoga Spgs, NY 12866-0435 | NY | 2002-11 | $2,249,766 |
| 7 | Sumitomo Corporation Of America Foundation | 300 Madison Ave, New York, NY 10017-6232 | NY | 2005-03 | $1,314,562 |
| 8 | The Bronx Community College Foundation Inc | 2155 University Ave, Bronx, NY 10453-2804 | NY | 1990-10 | $659,667 |
| 9 | Sullivan County Community College Foundation Inc | 112 College Rd, Loch Sheldrke, NY 12759-5721 | NY | 1976-11 | $429,277 |
| 10 | Southampton Bath & Tennis Club Charitable Fund | PO BOX 1208, Southampton, NY 11969-1208 | NY | 2001-02 | $391,466 |
| 11 | Community Foundation Of Rockland County | 135 Main Street, Nyack, NY 10960 | NY | 2003-08 | $353,607 |
| 12 | Parris Foundation | 976 Mclean Ave, Yonkers, NY 10704-4105 | NY | 2010-12 | $222,740 |
| 13 | Siat Foundation | 2431 Healy Ave, Far Rockaway, NY 11691-1830 | NY | 2001-04 | $201,854 |
| 14 | The Adirondack Trust Company Community Fund | 473 Broadway, Saratoga Springs, NY 12866 | NY | 2008-11 | $186,600 |
| 15 | Driving Force Giving Circle | 282 Katonah Ave Ste 122, Katonah, NY 10536-2110 | NY | 2012-12 | $161,544 |
| 16 | Anthony V Mannino Foundation Inc | 1684 Colvin Blvd, Buffalo, NY 14223 | NY | 2009-09 | $130,459 |
| 17 | Torah-Synagogue Foundation | 409 Avenue N, Brooklyn, NY 11230 | NY | 1996-02 | $103,956 |
| 18 | Great New York Chamber Of Commerce Foundation | 20 West 44th Street, New York, NY 10036 | NY | 2002-06 | $102,276 |
| 19 | Lockport New York Rotary Foundation | 175 Walnut Street, Lockport, NY 14094-3775 | NY | 2011-11 | $73,200 |
| 20 | Sleepy Hollow Triathlon Charitable Giving Inc | 24 Saw Mill River Rd, Hawthorne, NY 10532-1541 | NY | 2010-04 | $61,088 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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