Granoff Family Foundation, Granoff Lloyd W Co-Ttee in Providence, Rhode Island (RI)

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Granoff Family Foundation, Granoff Lloyd W Co-Ttee
Employer Identification Number (EIN)050493514
Name of OrganizationGranoff Family Foundation
Secondary NameGranoff Lloyd W Co-Ttee
Address321 S Main St 580, Providence, RI 02903-7108
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date12/1996
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period07/2014
Assets$1,000,000 to $4,999,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$1,353,165
Amount of Income$45,606
Form 990 Revenue Amount$156,177
National Taxonomy of Exempt Entities (NTEE)Employment, Job-Related:


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Amount of income in 2014: $45,606 (it was $228,822 in 2012)
Granoff Family Foundation, Granoff Lloyd W Co-Ttee: 

 $45,606
Other organizations performing similar types of work: 

 $100,445

Assets in 2014: $1,353,165 (it was $1,492,900 in 2012)
This organization: 

 $1,353,165
Other organizations performing similar types of work: 

 $556,840

Expenses in 2012: $91,452
Granoff Family Foundation, Granoff Lloyd W Co-Ttee: 

 $91,452
Other organizations performing similar types of work: 

 $89,402

Income to expenses ratio in 2012: 0.5
Granoff Family Foundation, Granoff Lloyd W Co-Ttee: 

 0.5
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 49.8%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$54,313$54,313$53,822
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$10,764
Dividends and interest from securities$43,058
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$491
Total expenses and disbursements$91,452$0$0$91,175
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$277$0$0
Contributions, gifts, grants paid$91,175
Excess of revenue over expenses and disbursements$-37,139
Net investment income$54,313
Adjusted net income$53,822
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$1,492,900$2,131,468
Cash - non-interest-bearing$25,411
Investments-U.S. and state government obligations$0
Investments-corporate stock$765,223
Investments-corporate bonds$29,762
Investments-mortgage loans$0
Investments-other$0
Other$672,504
Total liabilities$0
Total liabilities and net assets/fund balances$1,492,900
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$491
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$1,086
Total credits and payments$1,700
2012 estimated tax payments and 2011 overpayment credited to 2012$0
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$1,700
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$24
Tax due$0
Overpayment$590
Amount to be credited to 2013 estimated tax$590
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$2,144,406
Net value of noncharitable-use assets$2,112,240
Minimum investment return$105,612
Distributable Amount (for 2012)
Distributable amount$104,526
Undistributed Income (for 2012)
Distributable amount for 2012$104,526
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
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
IdNameAddressStateEstablishedTotal Income
1R S Evans Foundation IncPO BOX 1297, New York, NY 10008-1297NY1997-11$9,319,607
2Sherit Isroel Inc3 Sophia St, Monsey, NY 10952-2010NY1997-12$3,515,160
3Partnership For Excellence In Jewish Education Inc88 Broad St Fl 6, Boston, MA 02110-3407MA1997-09$2,874,913
4William J & Barbara A Schmidt Family Foundation Inc4455 W Lawrence St, Appleton, WI 54914-4065WI1997-09$1,668,845
5The Jack Jennings Foundation, Mcginnis Craig S & Bonnie S Ttee9910 Cumberland Rd, Fishers, IN 46037-9216IN1996-07$1,191,256
6Childrens Rehabilitation Center885 Howland Wilson Rd Ne, Howland, OH 44484-2115OH1985-08$1,118,848
7Mineral Springs Center IncPO BOX 28, Blue Ridge, GA 30513-0001GA1985-10$562,186
8Bella Womens Center1192 North Rd Ne, Warren, OH 44483-4521OH1991-10$533,217
9Massachusetts Bankers Association Charitable Foundation Inc1 Washington Mall Fl 8, Boston, MA 02108-2618MA1997-05$507,780
10Victor And Monica Markowicz Charitable TrustC/O Martin B Jaffe 124 East 55th St, New York, NY 10022NY1997-07$274,693
11Allison United Foundation For Better Living Inc4540 W Washington Blvd, Chicago, IL 60624-2242IL1993-05$111,032
12International Association Of Machinists & Aerospace Workers, 11863556 Lexington Ave, El Monte, CA 91731-2608CA1940-12$100,445
13Granoff Family Foundation, Granoff Lloyd W Co-Ttee321 S Main St 580, Providence, RI 02903-7108RI1996-12$45,606
14Workbound IncPO BOX 386, Sheboygan, WI 53082-0386WI1993-01$33,985
15The Cyberhood Foundation5819 Germantown Ave Ste 202, Philadelphia, PA 19144PA1997-12$10,582
16Fresh Start Foundationinc C/O M Clancy4717 W Imperial Hwy, Hawthorne, CA 90304-2610CA1996-08$0
17Friends Of The Farm IncPo Box 1454, Nothampton, MA 01061MA1997-07$0
18Friends Of The Plainville Public Library Inc56 E Main St, Plainville, CT 06062CT1996-12$0
19Opportunity Closet Inc250 Tamiami Trl S Ste 201, Venice, FL 34285-2454FL1997-12$0
20Westford Networks For Education And Technology IncPo Box 113, Westford, MA 01886MA1997-01$0
Number of organizations performing similar types of work
California4
Connecticut1
Florida1
Georgia1
Illinois1
Indiana1
Kentucky1
Massachusetts4
Maryland1
New Hampshire1
New York5
Ohio2
Pennsylvania2
Rhode Island1
Texas1
Wisconsin2
Total29

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