Norman E Peterson Family Foundation in Wilmington, Delaware (DE)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Norman E Peterson Family Foundation | |
| Employer Identification Number (EIN) | 273900149 |
| Name of Organization | Norman E Peterson Family Foundation |
| In Care of Name | C/O Foundation Source |
| Address | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2014 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,026,317 |
| Amount of Income | $356,311 |
| Form 990 Revenue Amount | $60,982 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $356,311 (it was $60,982 in 2012)
| Norman E Peterson Family Foundation: | $356,311 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2013: $1,026,317 (it was $1,003,969 in 2012)
| This organization: | $1,026,317 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $53,991
| This organization: | $53,991 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 6.6
| Norman E Peterson Family Foundation: | 6.6 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| Norman E Peterson Family Foundation: | 0.0% |
| Other organizations performing similar types of work: | 79.6% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $60,982 | $60,982 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $6 | |||
| Dividends and interest from securities | $37,763 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $23,213 | |||
| Total expenses and disbursements | $53,991 | $11,728 | $0 | $41,759 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $18,991 | $11,728 | $6,759 | |
| Contributions, gifts, grants paid | $35,000 | |||
| Excess of revenue over expenses and disbursements | $6,991 | |||
| Net investment income | $49,254 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,003,969 | $1,004,777 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $518,627 | |
| Investments-corporate stock | $452,071 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $33,271 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,003,969 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $23,213 |
| 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 | $493 |
| Total credits and payments | $493 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $400 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $93 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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 | $1,014,788 |
| Net value of noncharitable-use assets | $999,560 |
| Minimum investment return | $49,978 |
| Distributable Amount (for 2012) | |
| Distributable amount | $49,485 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $49,485 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $49,438 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Robert And Dana Emery Family Foundation | 1201 N Market St Ste 1401, Wilmington, DE 19801-1163 | DE | 2013-07 | $10,134,276 |
| 2 | G D S Legacy Foundation Inc | 1201 N Market St Ste 1202, Wilmington, DE 19801-1163 | DE | 2010-02 | $8,926,327 |
| 3 | Jim And Shirley Young Family Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2012-10 | $8,302,058 |
| 4 | Vincent Dowling Family Foundation Inc | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2004-11 | $7,893,238 |
| 5 | Kors Lepere Foundation | 1201 N Market St Ste 1401, Wilmington, DE 19801-1163 | DE | 2012-09 | $6,950,171 |
| 6 | Rowe Family Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2004-05 | $6,878,450 |
| 7 | The Lourie Foundation Inc | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2006-10 | $6,310,653 |
| 8 | The Thomas L Pearson And The Pearson Family Members Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2014-09 | $5,632,157 |
| 9 | The Pierce Family Charitable Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2008-04 | $5,233,550 |
| 10 | Chapman Hanson Foundation | 1100 N Market St, Wilmington, DE 19890-1100 | DE | 2009-09 | $5,008,626 |
| 11 | The White Horse Group Foundation Inc | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2005-04 | $4,661,915 |
| 12 | The Magnolia Charitable Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2014-07 | $4,215,908 |
| 13 | Thomas & Sarah Macmahon Fam Char Fdtn Tr, Macmahon Thomas Et Al Ttee | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2004-03 | $4,166,800 |
| 14 | Kleinman Family Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2013-08 | $3,847,876 |
| 15 | Yaverland Foundation Inc | PO BOX 314, Montchanin, DE 19710-0314 | DE | 2005-05 | $3,618,191 |
| 16 | Idol Family Foundation | 1201 N Market St Ste 1401, Wilmington, DE 19801-1163 | DE | 2013-01 | $3,253,714 |
| 17 | The@clark Family Private Foundation Incorporated | 501 Silverside Rd, Wilmington, DE 19809-1374 | DE | 2004-01 | $3,232,545 |
| 18 | Mary And Emanuel Rosenfeld Foundation No 1 | 1100 N Market St De3-C070, Wilimington, DE 19890-1100 | DE | 2013-03 | $3,187,364 |
| 19 | David And Grace Rich Familyfoundation Inc | Suite 400, Wilmington, DE 19808 | DE | 2006-04 | $3,120,147 |
| 20 | The Fullgraf Foundation, Fullgraf Charles M Ttee | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2002-03 | $3,115,304 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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