The Peter Jay Sharp Foundation in New York, 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
- Other organizations in New York
| The Peter Jay Sharp Foundation | |
| Employer Identification Number (EIN) | 133253731 |
| Name of Organization | The Peter Jay Sharp Foundation |
| Address | 805 3rd Ave 9th Floor, New York, NY 10022-7513 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1985 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $11,684,582 |
| Amount of Income | $18,692,344 |
| Form 990 Revenue Amount | $8,351,749 |
Non-representatives - add comments:
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 | $8,351,749 | $8,351,749 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $427,733 | |||
| Gross rents | $400,304 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $7,523,712 | |||
| Total expenses and disbursements | $24,827,593 | $743,819 | $0 | $24,006,691 |
| Compensation of officers, directors, trustees, etc. | $246,150 | |||
| Total operating and administrative expenses | $1,371,148 | $743,819 | $550,246 | |
| Contributions, gifts, grants paid | $23,456,445 | |||
| Excess of revenue over expenses and disbursements | $-16,475,844 | |||
| Net investment income | $7,607,930 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $11,684,582 | $29,098,356 |
| Cash - non-interest-bearing | $56,549 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $892,964 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,065,761 | |
| Other | $9,669,308 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $11,684,582 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $7,523,712 |
| 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 | $76,079 |
| Total credits and payments | $296,899 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $296,899 |
| 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 | $220,820 |
| Amount to be credited to 2013 estimated tax | $220,820 |
| 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? | Yes |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| 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? | Yes |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | Yes |
| 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 | $37,649,114 |
| Net value of noncharitable-use assets | $37,084,380 |
| Minimum investment return | $1,854,219 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,778,140 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,778,140 |
| 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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| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Orange County Council On Alcoholism Inc | PO BOX 583, Goshen, NY 10924-0583 | NY | 1987-09 | $1,110,042 |
| 2 | The Owen & Mzee Foundation | 1 W 72nd St Apt 84, New York, NY 10023-3425 | NY | 2008-04 | $5,000 |
| 3 | The Oyster Bay Railroad Museum | PO BOX 335, Oyster Bay, NY 11771-0335 | NY | 1999-04 | $620,981 |
| 4 | The Pastoral Counseling Center Inc | 2139 State Route 17k, Montgomery, NY 12549 | NY | 1983-01 | $92,992 |
| 5 | The Patagonia Fund | 1133 Avenue Of The Americas, New York, NY 10036-6710 | NY | 1988-01 | $1,177,390 |
| 6 | The Pelham Education Foundation Inc | PO BOX 8302, Pelham, NY 10803-8302 | NY | 1996-07 | $230,408 |
| 7 | The Pen And Brush Inc | 29 E 22nd Street, New York, NY 10010-5303 | NY | 1965-02 | $1,017,086 |
| 8 | The Perpetual Light Foundation Inc | 129 3rd St, Mineola, NY 11501-4403 | NY | 2008-06 | $2,000 |
| 9 | The Pet Savers Foundation Inc | 750 Port Washington Blvd, Prt Washingtn, NY 11050-3720 | NY | 1994-06 | $380,932 |
| 10 | The Peter & Margaret M Behan Zanghi Scholarship Fund | 72 S Main St, Canandaigua, NY 14424-1905 | NY | 2006-11 | $68,731 |
| 11 | The Peter Jay Sharp Foundation | 805 3rd Ave 9th Floor, New York, NY 10022-7513 | NY | 1985-04 | $18,692,344 |
| 12 | The Peter Krueger Foundation Inc, Barry Strauss Assoc Ltd | 307 5th Ave Ste 8th Fl, New York, NY 10016-6517 | NY | 1990-02 | $51,541 |
| 13 | The Petrillo Family Foundation Trust, Petrillo Felix M Ttee | 3 Carol Ln, Mamaroneck, NY 10543-1031 | NY | 2001-11 | $90,003 |
| 14 | The Philatelic Foundation | 341 W 38th St Fl 5, New York, NY 10018-9692 | NY | 1946-06 | $880,026 |
| 15 | The Picture House Regional Film Center Inc | 175 Wolfs Ln, Pelham, NY 10803-1814 | NY | 2004-05 | $860,329 |
| 16 | The Pilgrims | 20 W 44th St Ste 509, New York, NY 10036-6603 | NY | 1933-04 | $128,135 |
| 17 | The Playground On The Sound Inc, Dba West Islip Day Care Center | 600 Montauk Hwy, West Islip, NY 11795-4412 | NY | 1985-03 | $130,359 |
| 18 | The Pohly Turaj Family Foundation | 1177 Avenue Of The Americas Fl 18, New York, NY 10036-2714 | NY | 2004-03 | $450,010 |
| 19 | The Police Self Support Group Inc | PO BOX 90030, Brooklyn, NY 11209-0030 | NY | 1986-11 | $216,427 |
| 20 | The Prasad Project Inc | 465 Brickman Rd, Hurleyville, NY 12747-6002 | NY | 1992-06 | $627,893 |
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