Sarona Global Investment Fund Inc in Lancaster, Pennsylvania (PA)

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Sarona Global Investment Fund Inc
Employer Identification Number (EIN)233026901
Name of OrganizationSarona Global Investment Fund Inc
Address1891 Santa Barbara Dr Ste 201, Lancaster, PA 17601-4106
SubsectionCharitable Organization
Ruling Date06/2002
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000 to $24,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$21,662
Amount of Income$1,600
Form 990 Revenue Amount$1,600
National Taxonomy of Exempt Entities (NTEE)International, Foreign Affairs and National Security: International Economic Development

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Amount of income in 2014: $1,600 (it was $3,000 in 2013)
This organization: 

Other organizations performing similar types of work: 


Assets in 2014: $21,662 (it was $58,353 in 2013)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2014: $260
Sarona Global Investment Fund Inc: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2014: 6.2
This organization: 

Other organizations performing similar types of work: 


Grants share in income in 2014: 0.0%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$5,100$3,000$1,600
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$5,100$3,000$1,600
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$205$257$260
Total net assets$107,025$54,216$19,125
Excess/Deficit for the year$4,895$2,743$1,340
Net assets or fund balances at beginning of year$200,015$107,025$52,876
Other changes in net assets or fund balances$-97,885$-55,552$-35,091
Net assets or fund balances at end of year$54,216$20,465
Balance Sheets
Total assets$109,163$58,353$21,662
Total liabilities$2,138$4,137$2,537
Net assets or fund balances$107,025$54,216$19,125
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$55,900
Subtotal Support$322,000
Gifts, grants, contributions, and membership fees received$322,000
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$266,100
Total Support$322,000
Public Support$322,000
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$34,500
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1Technoserve Inc1 Mechanic St, Norwalk, CT 06850-3431CT1969-04$84,219,376
2Mennonite Economic Development Associates1891 Santa Barbara Dr Ste 201, Lancaster, PA 17601-4106PA1981-12$15,362,848
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18Sostenica Inc1019 Ashley Rd, West Chester, PA 19382-7560PA2001-11$227,776
19Sarona Global Investment Fund Inc1891 Santa Barbara Dr Ste 201, Lancaster, PA 17601-4106PA2002-06$1,600
20Nick Berg Memorial Fund, Nick Berg Initiative160 Bridle Path, Coatsville, PA 19320PA2006-02$0
Number of organizations performing similar types of work
District of Columbia16
North Carolina7
New Jersey7
New Mexico1
New York25
Rhode Island1
South Carolina4
South Dakota2
West Virginia1
Total257 is not associated with, endorsed by, or sponsored by Sarona Global Investment Fund Inc and has no official or unofficial affiliation with Sarona Global Investment Fund Inc