New York Institute Of Credit in New York, New York (NY)

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New York Institute Of Credit
Employer Identification Number (EIN)136401350
Name of OrganizationNew York Institute Of Credit
Address405 Lexington Ave Fl 26, New York, NY 10174-2699
ActivitiesPrivate school, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date11/1950
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period07/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$185,687
Amount of Income$435,507
Form 990 Revenue Amount$435,507


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Financial snapshot ($)

Revenue for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$327,860
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$327,854
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$6
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$361,365
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$361,365
Balance Sheet (for 2011)
Total assets$72,077
Total liabilities$14,782
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$14,782
Total net assets or fund balances$57,295
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
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