Walter K Hoerning Endowment Fund in Brooklyn, New York (NY)
Table of contents:
| Walter K Hoerning Endowment Fund | |
| Employer Identification Number (EIN) | 113134928 |
| Name of Organization | Walter K Hoerning Endowment Fund |
| In Care of Name | Anne Dede Hoerning |
| Address | 285 Fifth Ave Ste 453, Brooklyn, NY 11215-2425 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Achievement pries of awards, Gifts or grants to individuals (other than scholarships) |
| Subsection | Educational Organization |
| Ruling Date | 08/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 07/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $48,552 |
| Amount of Income | $35,485 |
| Form 990 Revenue Amount | $35,485 |
| National Taxonomy of Exempt Entities (NTEE) | Public, Society Benefit - Multipurpose and Other: Leadership Development |
Non-representatives - add comments:
Amount of income in 2014: $35,485 (it was $28,251 in 2013)
| Walter K Hoerning Endowment Fund: | $35,485 |
| Other organizations performing similar types of work: | $88,573 |
Assets in 2014: $48,552 (it was $50,542 in 2013)
| Walter K Hoerning Endowment Fund: | $48,552 |
| Other organizations performing similar types of work: | $48,552 |
Expenses in 2014: $37,475
| This organization: | $37,475 |
| Other organizations performing similar types of work: | $83,323 |
Income to expenses ratio in 2014: 0.9
| Walter K Hoerning Endowment Fund: | 0.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 83.6%
| Walter K Hoerning Endowment Fund: | 83.6% |
| Other organizations performing similar types of work: | 96.2% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $34,684 | $41,902 | $28,251 | $35,485 |
| Contributions, gifts, grants, and similar amounts received | $18,851 | $31,658 | $25,222 | $29,666 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $172 | $2 | $70 | $2 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $15,661 | $10,242 | $2,959 | $5,817 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $15,661 | $10,242 | $2,959 | $5,817 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $42,000 | $34,934 | $26,659 | $37,475 |
| Total net assets | $41,982 | $48,950 | $50,542 | $48,552 |
| Excess/Deficit for the year | $-7,316 | $6,968 | $1,592 | $-1,990 |
| Net assets or fund balances at beginning of year | $49,298 | $41,982 | $48,950 | $50,542 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $48,950 | $50,542 | $48,552 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $41,982 | $48,950 | $50,542 | $48,552 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $41,982 | $48,950 | $50,542 | $48,552 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $125,497 |
| Subtotal | $125,497 |
| Gifts, grants, contributions, and membership fees received | $125,497 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $173,187 |
| Public support | $125,497 |
| Subtotal | $249 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $249 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $47,441 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Glynwood Center Inc | Rte 301, Cold Spring, NY 10516 | NY | 1996-01 | $14,569,684 |
| 2 | Elizabeth & Michel Sorel Charitable Organization Inc | 25 W 45th St Ste 504, New York, NY 10036-4902 | NY | 1997-07 | $1,737,574 |
| 3 | Games For Change Inc | 261 Madison Ave 9f, New York, NY 10016-2303 | NY | 2009-06 | $675,316 |
| 4 | New Leaders Council | 116 W 23rd St Fl 5, New York, NY 10011-2599 | NY | 2009-09 | $653,927 |
| 5 | Arttable Inc | 1 E 53rd St Fl 5, New York, NY 10022-4239 | NY | 1982-04 | $516,550 |
| 6 | Rotary Leadership Institute Of Northeast America Inc | 3751 Middle Reservation Rd, Perry, NY 14530-9559 | NY | 2005-07 | $112,753 |
| 7 | French Entrepreneurship Friendship Society Inc, Club 600 | C/O Constantin 575 Madison Ave, New York, NY 10022 | NY | 2011-05 | $85,595 |
| 8 | Walter K Hoerning Endowment Fund | 285 Fifth Ave Ste 453, Brooklyn, NY 11215-2425 | NY | 1994-08 | $35,485 |
| 9 | Asian Women Leadership Network Inc | Po Box 1047, New York, NY 10163-1047 | NY | 2006-09 | $11,940 |
| 10 | A New Equilibrium | 8 Van Brunt Manor Rd, East Setauket, NY 11733-3937 | NY | 2010-10 | $0 |
| 11 | Adsila Retreat Inc | Po Box 381, Brant Lake, NY 12815 | NY | 2014-10 | $0 |
| 12 | Concrete Rose Leadership | PO BOX 1453, Spring Valley, NY 10977 | NY | 2011-01 | $0 |
| 13 | Ladydrinks Inc | 25 W 85th St Apt 4b, New York, NY 10024-4142 | NY | 2014-07 | $0 |
| 14 | Origins Partnership | 30 Seminary Dr, Barrytown, NY 12507 | NY | 2015-03 | $0 |
| 15 | Ronghui Foundation | 29 Somerset Dr S, Great Neck, NY 11020-1821 | NY | 2014-12 | $0 |
| 16 | Shakaba Inc | 414 Union St, Schenectady, NY 12305 | NY | 2005-03 | $0 |
| 17 | Silver Squirrel Foundation Inc, Silver Squirrel Foundation | 146 West 57th Street Ph C, New York, NY 10019-3301 | NY | 2014-07 | $0 |
| 18 | Swag Bk Nyc Inc | 1640 New York Ave, Brooklyn, NY 11210-3345 | NY | 2014-07 | $0 |
| 19 | The Senior Society Of Nacoms Inc | 1537 Broadway 101, New York, NY 10036 | NY | 2010-10 | $0 |
| 20 | Young Global Leaders Foundation | 200 E 36th St Apt 4e, New York, NY 10016-3644 | NY | 2014-07 | $0 |
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