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
OrganizationCorporation
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: 

 $1,600
Other organizations performing similar types of work: 

 $503,831

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

 $21,662
Other organizations performing similar types of work: 

 $337,871

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

 $260
Other organizations performing similar types of work: 

 $473,857

Income to expenses ratio in 2014: 6.2
This organization: 

 6.2
Other organizations performing similar types of work: 

 1.1

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

 0.0%
Other organizations performing similar types of work: 

 64.2%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
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
201220132014
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
201220132014
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
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
3Serrv International IncPO BOX 365, New Windsor, MD 21776-0365MD1998-11$11,075,355
4Junior Achievement Of Western Pennsylvania Inc1 Allegheny Ctr Ste 430, Pittsburgh, PA 15212-5408PA1994-05$3,193,268
5American Friends Of The New Economic School Inc, AfnesDept Of Economics Pennsylvania, University Park, PA 16802PA1996-05$2,751,250
6Village Enterprise Fund Inc751 Laurel St 222, San Carlos, CA 94070-3113CA1988-02$1,641,355
7Shared Interest Inc121 W 27th St Ste 805, New York, NY 10001-6262NY1995-09$1,462,990
8Junior Achievement Of South Central Pennsylvania610 S George St, York, PA 17401-3131PA1994-05$1,112,390
9Women Thrive Worldwide, Womens Edge1726 M St Nw Ste 1075, Washington, DC 20036-4527DC1999-02$982,923
10Junior Achievement Of Delaware Valley993 Old Eagle School Rd Ste 410, Wayne, PA 19087-1710PA1994-05$828,404
11Ten Thousand Village National Capital Area Inc915 King Street, Alexandria, VA 22314-3089VA1995-05$766,091
12All Seasons Community Services530-2 St, Kenyon, MN 55946MN1988-09$721,211
13Junior Achievement Of Central Pennsylvania2420 Gehman Lane Suite 100, Lancaster, PA 17602-1138PA1994-05$574,690
14Junior Achievement Of Northeastern Pennsylvania1122 Oak St, Pittston Twp, PA 18640-3727PA1994-05$539,723
15Self Help Crafts Of The World West701 Gettysburg Pike, Mechanicsburg, PA 17055-5723PA1993-03$509,707
16Ue Research And Education FundOne Gateway Center Ste 1400, Pittsburgh, PA 15222PA1995-06$483,792
17Junior Achievement Of Berks County601 Penn St 1st Fl, Reading, PA 19601-3544PA1994-05$461,477
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
Alaska1
Alabama4
Arkansas2
Arizona3
California13
Colorado7
Connecticut4
District of Columbia16
Delaware1
Florida14
Georgia3
Hawaii2
Iowa2
Idaho1
Illinois13
Indiana8
Kansas2
Kentucky5
Louisiana3
Massachusetts6
Maryland9
Maine2
Michigan9
Minnesota4
Missouri2
Mississippi2
North Carolina7
Nebraska1
New Jersey7
New Mexico1
Nevada1
New York25
Ohio13
Oklahoma2
Oregon4
Pennsylvania13
Rhode Island1
South Carolina4
South Dakota2
Tennessee8
Texas11
Utah3
Virginia7
Washington2
Wisconsin1
West Virginia1
International5
Total257

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