Penzance Foundation in New York, New York (NY)
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
- Other organizations in New York
| Penzance Foundation | |
| Employer Identification Number (EIN) | 133081557 |
| Name of Organization | Penzance Foundation |
| Address | 909 3rd Ave Fl 5, New York, NY 10022-4764 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 09/1981 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 04/2011 |
| Assets | $50,000,000 to greater |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $51,157,900 |
| Amount of Income | $1,738,870 |
| Form 990 Revenue Amount | $1,840,523 |
Non-representatives - add comments:
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 | $1,840,523 | $1,840,523 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $99 | |||
| Dividends and interest from securities | $1,513,238 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $327,186 | |||
| Total expenses and disbursements | $52,019,879 | $208,699 | $0 | $19,557,227 |
| Compensation of officers, directors, trustees, etc. | $100,000 | |||
| Total operating and administrative expenses | $339,428 | $208,699 | $114,411 | |
| Contributions, gifts, grants paid | $51,680,451 | |||
| Excess of revenue over expenses and disbursements | $-50,179,356 | |||
| Net investment income | $1,631,824 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $215,899 | $215,899 |
| Cash - non-interest-bearing | $203,818 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $12,081 | |
| Total liabilities | $3,326 | |
| Mortgages and other notes payable | $0 | |
| Other | $3,326 | |
| Total liabilities and net assets/fund balances | $212,573 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $327,186 |
| 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 | $16,318 |
| Total credits and payments | $28,316 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $28,316 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $11,997 |
| 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? | Yes |
| 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? | Yes |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| 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)? | Yes |
| 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 | $49,802,873 |
| Net value of noncharitable-use assets | $49,055,840 |
| Minimum investment return | $2,452,792 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,436,474 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,436,474 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| 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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| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Pennebrook Lane Homeowners Association Inc | 29 Pennebrook Lane, Carmel, NY 10512 | NY | 2006-05 | $3,750 |
| 2 | Pennsylvania Institute For Community Living Inc | 125 Broad St Fl 3, New York, NY 10004-2768 | NY | 2001-01 | $717,718 |
| 3 | Pennsylvania Yankee Theatre Company Inc | PO BOX 106, Penn Yan, NY 14527-0106 | NY | 2004-10 | $27,980 |
| 4 | Penny Foundation | 64 Prospect St, Freeport, NY 11520-6045 | NY | 2005-07 | $19,922 |
| 5 | Creative Link For The Arts | 408 E 79th St Apt 5d, New York, NY 10075-1423 | NY | 1987-01 | $82,678 |
| 6 | Penrhyn Engine & Hose Co Inc | PO BOX 55, Mdl Granville, NY 12849-0055 | NY | 1997-04 | $106,417 |
| 7 | Penson Family Foundation Inc | 779 Riverside Dr Apt A12, New York, NY 10032-7312 | NY | 2006-02 | $1 |
| 8 | Pentecostal Church El Eden-Assembly Of God | 105 Montrose Ave, Brooklyn, NY 11206-2007 | NY | 1964-08 | $0 |
| 9 | Pentecostal Church Elim Assemblies Of God | 1019 Seneca Ave, Ridgewood, NY 11385-5455 | NY | 1964-08 | $0 |
| 10 | Penthesilea Fund Inc | 950 3rd Ave Fl 18, New York, NY 10022-2897 | NY | 1996-04 | $243,176 |
| 11 | Penzance Foundation | 909 3rd Ave Fl 5, New York, NY 10022-4764 | NY | 1981-09 | $1,738,870 |
| 12 | People Against Childhood Epilepsy Inc | 7 E 85th Street Suite A3, New York, NY 10028-0453 | NY | 1997-03 | $188,234 |
| 13 | People Against Sexual Abuse Inc | 57 Front St Fl 4w, Brooklyn, NY 11201-1038 | NY | 1985-05 | $236,996 |
| 14 | People Enriching Peolpe Inc | 4096 Griffin Rd, Syracuse, NY 13215-9534 | NY | 1988-05 | $18 |
| 15 | People For Animal Welfare Society Paws Of Orleans County Inc | 3371 Gaines Basin Rd, Albion, NY 14411-9063 | NY | 1985-12 | $28,471 |
| 16 | People For Equal Justice Inc | 60 Dwyer Ave, Liberty, NY 12754 | NY | 2003-04 | $350 |
| 17 | People Helping People-Disaster Relief Inc | 240 East 76th Street, New York, NY 10021-2941 | NY | 1993-05 | $76,842 |
| 18 | People Inc, Leisuretimers Residential Services | 1219 N Forest Rd, Williamsville, NY 14221-3292 | NY | 1994-01 | $0 |
| 19 | People Need Caring P N C Inc | 3 Sierks Ln, Roslyn Harbor, NY 11576-1200 | NY | 1981-02 | $34,679 |
| 20 | People Of Color In Crisis Inc | 917 Atlantic Ave, Brooklyn, NY 11238-2704 | NY | 1990-11 | $2,384,656 |
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