The Nathan Cummings Foundation Inc in New York, New York (NY)

Organization representatives - add corrected or new information about The Nathan Cummings Foundation Inc »

Non-representatives - add comments about The Nathan Cummings Foundation Inc»

The Nathan Cummings Foundation Inc
Employer Identification Number (EIN)237093201
Name of OrganizationThe Nathan Cummings Foundation Inc
Address475 10th Ave Fl 14, New York, NY 10018-9715
ActivitiesGifts, grants, or loans to other organizations, Other school related activities, Other religious activities
SubsectionCharitable Organization
Ruling Date09/2013
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (all other)
Asset Amount$444,987,710
Amount of Income$72,526,799
Form 990 Revenue Amount$14,929,927
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations

Non-representatives - add comments:


Your IP address will be logged.

Amount of income in 2013: $72,526,799 (it was $85,828,966 in 2012)
This organization: 

Other organizations performing similar types of work: 


Assets in 2013: $444,987,710 (it was $407,948,470 in 2012)
The Nathan Cummings Foundation Inc: 

Other organizations performing similar types of work: 


Expenses in 2013: $25,936,692
The Nathan Cummings Foundation Inc: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 2.8
This organization: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 0.0%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$23,908,822$28,389,971$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$19,774
Dividends and interest from securities$6,584,983
Gross rents$0
Gross sales price for all assets$70,886,786
Gross profit from sales of goods$0
Other income$-4,964,744
Total expenses and disbursements$25,936,692$8,248,398$0$23,697,670
Compensation of officers, directors, trustees, etc.$659,808
Pension plans, employee benefits$1,537,806
Legal fees$19,873
Accounting fees$46,687
Travel, conferences, and meetings$339,646
Printing and publications$1,230
Total operating and administrative expenses$8,982,210$8,248,398$5,335,188
Contributions, gifts, grants paid$16,954,482
Excess of revenue over expenses and disbursements$-2,027,870
Net investment income$20,141,573
Adjusted net income$0
Balance Sheets
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$402,877,329$402,877,329$407,948,470$407,948,470$444,987,710$444,987,710
Cash - non-interest-bearing$6,859$7,989$7,307
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$19,665,807$22,836,141$30,298,039
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Other assets$25,274,385$32,661,238$24,753,598
Total liabilities$6,264,539$6,909,776$6,117,350
Mortgages and other notes payable$0$0$0
Other liabilities$3,003,627$4,186,136$4,661,861
Total liabilities and net assets/fund balances$396,612,790$401,038,694$438,870,360
Capital Gains and Losses for Tax on Investment Income
Capital gain net income$16,734,177$12,152,036$22,268,809
Net capital loss$0$0$0
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$160,483$113,165$402,831
Total credits and payments$156,465$400,000$586,835
Current year estimated tax payments and previous year's overpayment credited to current year$156,465$400,000$586,835
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$4,018$0$0
Amount to be credited to next year's estimated tax$0$286,835$184,004
Statements Regarding Activities
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?YesNoYes
Has the foundation filed a tax return on Form 990-T for this year?YesYesYes
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNoNo
Statements Regarding Activities for Which Form 4720 May Be Required
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoYes
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)?NoNoYes
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$424,056,025$411,221,289$402,676,190
Net value of noncharitable-use assets$417,695,185$405,052,970$396,636,047
Minimum investment return$20,884,759$20,252,649$19,831,802
Distributable Amount
Distributable amount$20,776,566$20,331,789$19,429,493
Undistributed Income
Distributable amount for this year$20,776,566$20,331,789$19,429,493
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
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
Supplementary Information (for 2013)
Grants approved for future payment$950,000
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$19,774$0
Dividends and interest from securities$6,584,983$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Unrelated Trade or Business Income (for 2008)
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-79,643$0$-79,643
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$32,694
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Taxes and licenses$0
Charitable contributions$32,694
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-112,337
Unrelated business taxable income before net operating loss deduction$-112,337
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-112,337
Specific deduction$1,000
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated


Your Review

Would you recommend The Nathan Cummings Foundation Inc to others? (optional)
Add photo of The Nathan Cummings Foundation Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Kosciusko 21st Century Foundation Inc2170 N Pointe Dr, Warsaw, IN 46582-9043IN1967-11$51,892,952
2The Beall Family Foundation1200 Newport Center Dr Ste 220, Newport Beach, CA 92660-0933CA2001-02$5,367,504
3North Penn Community Health Foundation2506 N Broad St Ste 206, Colmar, PA 18915-9439PA1956-03$4,255,777
4Wem 2000 Foundation, Martin Phillip H TteePO BOX 5628, Minneapolis, MN 55440-5628MN2000-09$2,030,901
5Henry E & Nancy H Bartels Trust Fbo, University Of New HavenPO BOX 187169, Hamden, CT 06518-7020CT1989-04$1,900,735
6Pugdin Memorial Fund P 6162000410 S Dearborn Il1-0117, Chicago, IL 60603-2300IL2000-03$1,622,699
7Lancaster County Partners For Youth IncPO BOX 1023, Lancaster, SC 29721-1023SC1996-10$1,386,899
8Abner F Morison Tr Fund, Bar Harbor Bank & TrustPO BOX 1100, Ellsworth, ME 04605-1100ME1993-03$1,120,833
9Cargill Macmillan Jr Charitable Tr, Martin Phillip H TteePO BOX 5628, Minneapolis, MN 55440-5628MN2000-09$399,725
10Carol Kestenbaum FoundationPO BOX 1083, Bellmore, NY 11710-0155NY2008-03$57,903
11The Wallace Foundation5 Penn Plz Fl 7, New York, NY 10001-1837NY1965-10$1,280,576,714
12Foundation To Promote Open Society224 W 57th St, New York, NY 10019-3212NY2009-08$887,664,245
13Surdna Foundation Inc330 Madison Avenue, New York, NY 10017-5001NY1938-04$258,379,040
14Starr Foundation399 Park Avenue 17th Floor, New York, NY 10022-4614NY1958-07$256,623,834
15Max And Marian Farash Charitable Foundation255 East Ave, Rochester, NY 14604-2625NY2014-10$244,544,573
16Robert W Wilson Charitable Tr, Wilson Rober T W Ttee1375 Broadway, New York, NY 10018-7001NY2003-03$143,619,335
17Henry Luce Foundation Inc51 Madison Ave Fl 30, New York, NY 10010-1621NY1937-10$125,138,279
18The Nathan Cummings Foundation Inc475 10th Ave Fl 14, New York, NY 10018-9715NY2013-09$72,526,799
19William Randolph Hearst Foundation301 W 57th St, New York, NY 10019-3114NY1949-04$69,492,065
20Halis Family Foundation, Halis Jeffrey Ttee599 Lexington Ave, New York, NY 10022-6030NY2003-07$43,152,616
Number of organizations performing similar types of work
District of Columbia107
North Carolina649
North Dakota15
New Hampshire66
New Jersey849
New Mexico78
New York2,454
Rhode Island181
South Carolina141
South Dakota32
West Virginia49
Total20,448 is not associated with, endorsed by, or sponsored by The Nathan Cummings Foundation Inc and has no official or unofficial affiliation with The Nathan Cummings Foundation Inc