Halcyon Foundation in New York, New York (NY)

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Halcyon Foundation
Employer Identification Number (EIN)136059784
Name of OrganizationHalcyon Foundation
Address100 Park Ave Fl 20, New York, NY 10017-5546
ActivitiesOther school related activities, Museum, zoo, planetarium, etc.
SubsectionCharitable Organization
Ruling Date07/1957
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 Period12/2011
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,694,527
Amount of Income$840,966
Form 990 Revenue Amount$411,775
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Single Organization Support


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Amount of income in 2011: $840,966
Halcyon Foundation: 

 $840,966
Other organizations performing similar types of work: 

 $482,672

Assets in 2011: $3,694,527
This organization: 

 $3,694,527
Other organizations performing similar types of work: 

 $1,104,604

Expenses in 2007: $2,576,814
Halcyon Foundation: 

 $2,576,814
Other organizations performing similar types of work: 

 $1,071,072

Income to expenses ratio in 2007: 0.5
Halcyon Foundation: 

 0.5
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 90.3%
This organization: 

 90.3%
Other organizations performing similar types of work: 

 87.0%

Number of employees in 2007: 2
This organization: 

 2
Other organizations performing similar types of work: 

 16

Employees paid over $50,000 in 2007: 0.0%
Halcyon Foundation: 

 0.0%
Other organizations performing similar types of work: 

 6.3%

Grants share in income in 2007: 30.0%
Halcyon Foundation: 

 30.0%
Other organizations performing similar types of work: 

 27.0%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220062007
Total revenue$318,365$233,921$302,885$3,058,881$1,276,383
Contributions, gifts, grants, and similar amounts received$298,950$391,370$255,606$2,472,235$383,477
Contributions to donor advised funds$0$0
Direct public support$298,950$391,370$255,606$2,472,235$383,477
Indirect public support$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$2,400$0
Membership dues and assessments$0$0$43,559$22,303$20,391
Interest on savings and temporary cash investments$0$0$0$0$0
Dividends and interest from securities$119,410$100,784$93,272$78,204$93,025
Net rental income or (loss)$1,700$3,600$3,600$4,800$4,800
Gross rents$1,700$3,600$3,600$4,800$4,800
Less: rental expenses$0$0$0$0$0
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-103,404$-261,833$-93,502$219,720$685,405
Gross amount from sales of assets other than inventory$520,251$297,421$786,815$1,171,294$3,431,945
Less: cost or other basis and sales expenses$623,655$559,254$880,317$951,574$2,746,540
Net income or (loss) from special events and activities$0$0$0$258,815$75,666
Gross revenue$0$0$0$345,774$89,865
Less: direct expenses other than fundraising expenses$0$0$0$86,959$14,199
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$1,709$0$350$404$13,619
Total expenses$441,148$483,910$418,701$464,813$2,576,814
Program services$334,107$351,582$308,946$236,967$2,327,924
Management and general$91,990$76,639$77,990$133,837$157,236
Fundraising$15,051$55,689$31,765$94,009$91,654
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$3,716,457$3,346,323$2,742,520$6,407,070$5,548,097
Excess or (deficit) for the year$-122,783$-249,989$-115,816$2,594,068$-1,300,431
Net assets or fund balances at beginning of year$4,006,562$3,716,457$3,346,323$3,526,842$6,407,070
Other changes in net assets or fund balances$-167,322$-120,145$-487,987$286,160$441,458
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$2,576,814$2,327,924$157,236$91,654
Grants paid from donor advised funds$0
Other grants and allocations$2,278,289
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$40,827$40,827$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$13,394$0$13,394$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$4,333$3,262$1,071$0
Professional fundraising fees$84,000$0$0$84,000
Accounting fees$3,653$0$3,653$0
Legal fees$60,799$0$60,799$0
Supplies$0$0$0$0
Telephone$2,040$0$2,040$0
Postage and shipping$3,281$1,884$1,397$0
Occupancy$26,400$0$26,400$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$590$590$0$0
Travel$7,654$0$0$7,654
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$51,554$3,072$48,482$0
Balance Sheets
20002001200220062007
Total assets$3,847,376$3,432,192$2,882,844$6,533,605$5,604,435
Cash - non-interest-bearing$121,290$94,447$131,684$133,238$116,779
Savings and temporary cash investments$169,106$134,578$23,940$117,230$374,191
Accounts receivable less allowance for doubtful accounts$0$0$0$1,855,000$489,040
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0
Grants receivable$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0
Prepaid expenses and deferred charges$791$0$0$3,142$17,528
Investments - publicly-traded securities$4,422,795$4,604,697
Investments - other securities$3,556,189$3,203,167$2,727,220$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Other assets, including program-related investments$0$0$0$2,200$2,200
Total liabilities$130,919$85,869$140,324$126,535$56,338
Accounts payable and accrued expenses$4,783$8,875$12,272$19,807$18,138
Grants payable$103,386$72,994$112,052$59,688$0
Deferred revenue$22,750$4,000$16,000$47,040$38,200
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0
Other liabilities$0$0$0$0$0
Total liabilities and net assets/fund balances$3,847,376$3,432,192$2,882,844$6,533,605$5,604,435
Total net assets or fund balances$3,716,457$3,346,323$2,742,520$6,407,070$5,548,097
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220062007
Total revenue$318,365$233,921$302,885$3,058,881$1,276,383
Total revenue, gains, and other support per audited financial statements$151,043$113,776$-185,102$3,404,062$1,692,698
Other expenses$-167,322$-120,145$-487,987$373,119$455,657
Net unrealized gains on investments$-167,322$-120,145$-487,987$286,160$441,458
Donated services and use of facilities$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0
Other$0$0$0$86,959$14,199
Other revenue$0$0$0$27,938$39,342
Investment expenses$0$0$0$0$39,342
Other$0$0$0$27,938$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220062007
Total expenses$441,148$483,910$418,701$464,813$2,576,814
Total expenses and losses per audited financial statements$441,148$483,910$418,701$523,834$2,551,671
Other revenue$0$0$0$86,959$14,199
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$0$0$0$86,959$14,199
Other expenses$0$0$0$27,938$39,342
Investment expenses$0$0$0$0$39,342
Other$0$0$0$27,938$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
20$40,827$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings6
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20062
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$892,906
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$20,391
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$000$0$93,025
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$4,800
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$685,405
Net income or (loss) from special events000000$000$0$75,666
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$13,619
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120052006
Total$565,876$418,360$492,154$559,298$2,572,742
Gifts, grants, and contributions received$456,998$298,950$391,370$449,809$2,472,235
Membership fees received$0$0$0$24,222$22,303
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$108,878$119,410$100,784$85,267$78,204
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska2
Alabama2
Arkansas3
Arizona6
California34
Colorado7
Connecticut1
District of Columbia1
Delaware2
Florida8
Georgia6
Hawaii2
Iowa7
Idaho2
Illinois9
Indiana7
Kansas4
Kentucky6
Louisiana4
Massachusetts6
Maryland4
Maine3
Michigan6
Minnesota4
Missouri3
Mississippi1
Montana1
North Carolina5
North Dakota1
Nebraska5
New Jersey2
New Mexico6
New York18
Ohio13
Oklahoma5
Oregon2
Pennsylvania10
Rhode Island1
South Dakota1
Tennessee3
Texas22
Utah3
Virginia2
Vermont1
Washington5
Wisconsin4
West Virginia2
International1
Total253

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