Henry George Foundation Of America in Philadelphia, Pennsylvania (PA)

Henry George Foundation Of America
Employer Identification Number (EIN)	251128056
Name of Organization	Henry George Foundation Of America
Address	413 S 10th St, Philadelphia, PA 19147-1233
Activities	Other school related activities
Subsection	Civic League
Ruling Date	01/1960
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2010
Assets	$100,000 to $499,999
Income	$100,000 to $499,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$208,879
Amount of Income	$318,067
Form 990 Revenue Amount	$41,263
National Taxonomy of Exempt Entities (NTEE)	Public, Society Benefit - Multipurpose and Other: Public Finance, Taxation, Monetary Policy

Non-representatives - add comments:

Amount of income in 2010: $318,067

Henry George Foundation Of America:	$318,067
Other organizations performing similar types of work:	$4,195,998

Assets in 2010: $208,879

This organization:	$208,879
Other organizations performing similar types of work:	$11,007,935

Expenses in 2007: $63,938

This organization:	$63,938
Other organizations performing similar types of work:	$3,195,253

Income to expenses ratio in 2007: 0.3

This organization:	0.3
Other organizations performing similar types of work:	1.1

Expenses allocated to program services in 2007: 58.7%

Henry George Foundation Of America:	58.7%
Other organizations performing similar types of work:	100.0%

Grants share in income in 2007: 87.2%

This organization:	87.2%
Other organizations performing similar types of work:	-,nan,(ind)%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

	2000	2001	2002	2003	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$-14,222	$50,122	$39,472	$72,725	$76,078	$108,744	$120,964	$16,200
Contributions, gifts, grants, and similar amounts received	$24,333	$31,056	$32,748	$35,947	$60,023	$101,589	$112,196	$14,132
Contributions to donor advised funds							$0	$0
Direct public support	$24,333	$31,056	$32,748	$35,947	$60,023	$101,589	$112,196	$14,132
Indirect public support	$0	$0	$0	$0	$0	$0	$0	$0
Government contributions (grants)	$0	$0	$0	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$65	$875	$0	$0	$0	$0	$0	$0
Membership dues and assessments	$0	$0	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$37	$21	$12	$41	$41	$47	$55	$6,368
Dividends and interest from securities	$11,616	$8,895	$7,395	$3,833	$3,410	$4,980	$8,259	$0
Net rental income or (loss)	$0	$0	$0	$0	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$-50,273	$9,275	$-683	$32,904	$12,604	$2,128	$454	$-4,300
Gross amount from sales of assets other than inventory	$1,029,015	$483,729	$310,002	$246,676	$187,491	$107,722	$72,065	$382,492
Less: cost or other basis and sales expenses	$1,079,288	$474,454	$310,685	$213,772	$174,887	$105,594	$71,611	$386,792
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0	$0	$0
Total expenses	$82,318	$77,268	$79,263	$118,131	$64,377	$65,078	$68,582	$63,938
Program services	$42,159	$35,461	$39,156	$72,984	$32,923	$45,559	$49,496	$37,545
Management and general	$39,822	$40,569	$38,519	$44,161	$29,221	$18,033	$17,638	$22,918
Fundraising	$337	$1,238	$1,588	$986	$2,233	$1,486	$1,448	$3,475
Payments to affiliates	$0	$0	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$261,162	$233,460	$209,693	$159,042	$159,891	$207,617	$272,260	$216,025
Excess or (deficit) for the year	$-96,540	$-27,146	$-39,791	$-45,406	$11,701	$43,666	$52,382	$-47,738
Net assets or fund balances at beginning of year	$354,207	$261,162	$233,460	$209,693	$159,042	$159,891	$207,617	$272,260
Other changes in net assets or fund balances	$3,495	$-556	$16,024	$-5,245	$-10,852	$4,060	$12,261	$-8,497

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$63,938	$37,545	$22,918	$3,475
Grants paid from donor advised funds		$0
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$9,814	$6,777	$2,554	$483
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	$18,039	$9,760	$7,652	$627
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$2,918	$1,732	$1,070	$116
Payroll taxes	$2,459	$1,460	$901	$98
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$0	$0	$0	$0
Supplies	$644	$383	$236	$25
Telephone	$0	$0	$0	$0
Postage and shipping	$823	$773	$45	$5
Occupancy	$6,102	$3,623	$2,236	$243
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$1,436	$1,115	$289	$32
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$965	$573	$354	$38
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$412	$245	$151	$16
Other expenses not covered above	$20,326	$11,104	$7,430	$1,792

	2000	2001	2002	2003	2004	2005	2006	2007
Balance Sheets
Total assets	$277,560	$237,781	$212,712	$166,962	$168,566	$211,874	$282,189	$221,025
Cash - non-interest-bearing	$0	$0	$0	$0	$96	$0	$96	$0
Savings and temporary cash investments	$242,156	$230,516	$25,105	$101,918	$150,003	$145,647	$65,618	$134,208
Accounts receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0	$0
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$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	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$0	$0	$0	$0	$0	$0	$0	$0
Investments - publicly-traded securities							$214,325	$69,685
Investments - other securities	$32,747	$0	$182,329	$62,426	$15,228	$63,561	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$1,101	$2,706	$2,060	$0	$0	$0	$0	$0
Investments - other	$503	$503	$503	$503	$503	$503	$503	$503
Land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$1,414	$1,587	$1,546	$1,126	$714
Other assets, including program-related investments	$1,053	$4,056	$2,715	$701	$1,149	$617	$521	$15,915
Total liabilities	$16,398	$4,321	$3,019	$7,920	$8,675	$4,257	$9,929	$5,000
Accounts payable and accrued expenses	$3,462	$4,321	$3,019	$7,447	$8,675	$3,754	$5,263	$5,000
Grants payable	$0	$0	$0	$0	$0	$0	$0	$0
Deferred revenue	$0	$0	$0	$0	$0	$0	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0	$0	$0	$0	$0	$0
Other liabilities	$12,936	$0	$0	$473	$0	$503	$4,666	$0
Total liabilities and net assets/fund balances	$277,560	$237,781	$212,712	$166,962	$168,566	$211,874	$282,189	$221,025
Total net assets or fund balances	$261,162	$233,460	$209,693	$159,042	$159,891	$207,617	$272,260	$216,025

	2000	2001	2002	2003	2004	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$0	$0	$0	$0	$0	$0	$0	$16,200
Total revenue, gains, and other support per audited financial statements	$0	$0	$0	$0	$0	$0	$0	$-5,586
Other expenses	$0	$0	$0	$0	$0	$0	$0	$-20,764
Net unrealized gains on investments	$0	$0	$0	$0	$0	$0	$0	$-20,764
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0	$0	$1,022
Investment expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0	$1,022

	2000	2001	2002	2003	2004	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$0	$0	$0	$0	$0	$0	$0	$63,938
Total expenses and losses per audited financial statements	$0	$0	$0	$0	$0	$0	$0	$63,938
Other revenue	$0	$0	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0	$0
Other expenses	$0	$0	$0	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0	$0

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
16	$9,607	$207	$0

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	20
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?	Yes
Does the organization have a written conflict of interest policy?	Yes

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?	No
Did the organization make only in-house lobbying expenditures of $2,000 or less?	Yes
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?	No
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?	No
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, 2006	4

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$2,068	$0
Program service revenue
Program service revenue 1	000000	$0	00	$0	$0
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$6,368	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$-4,300	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

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?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
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
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 is

	1999	2000	2001	2002	2003	2004	2005	2006
Support Schedule
Total	$0	$0	$0	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0	$0	$0	$0
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	$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	$0	$0	$0	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$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	$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	$0	$0	$0
Other income	$0	$0	$0	$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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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	City Of Glendale Municipal Property Corporation	5850 W Glendale Ave, Glendale, AZ 85301-2563	AZ	1985-12	$280,232,000
2	Municipal Improvement Corporation Of Los Angeles	200 N Main St Ste 1500, Los Angeles, CA 90012-4137	CA	1984-05	$76,206,955
3	City Of Scottsdale Municipal Property Corp	7447 N Indian School Rd 210, Scottsdale, AZ 85251	AZ	1967-07	$63,960,358
4	Inland Empire Public Facilities Corp	385 N Arrowhead Ave Second Floor, San Bernardino, CA 92415-0103	CA	1986-12	$31,092,459
5	City Of Prescott Municipal Property Corporation	201 S Cortez St, Prescott, AZ 86303-3938	AZ	1973-01	$18,506,649
6	Santa Barbara County Finance Corporation Inc	105 East Anapamu St Rm 201, Santa Barbara, CA 93101	CA	1984-04	$13,827,557
7	Napa County Public Improvement Corporation	1195 Third Street No B-10, Napa, CA 94559-3035	CA	1988-05	$7,135,980
8	San Diego Facilities And Equipment Leasing Corporation	202 C St Ms6 Auditor, San Diego, CA 92101	CA	1988-04	$6,870,359
9	City Of Mesa Municipal Development Corp	PO BOX 1466, Mesa, AZ 85211-1466	AZ	1984-07	$5,547,913
10	Americans For Tax Reform	722 12th Street Nw Suite 400, Washington, DC 20005-3957	DC	1993-08	$4,322,947
11	County Of Sonoma Public Financing Corporation	585 Fiscal Dr, Santa Rosa, CA 95403-2824	CA	1992-02	$4,195,998
12	Cupertino Public Facilities Corp	10300 Torre Ave, Cupertino, CA 95014-3202	CA	1988-05	$3,080,151
13	St Charles County Public Arena Authority	100 N 3rd St, St Charles, MO 63301-2854	MO	1998-08	$2,016,595
14	Bloomington Municipal Facilities Corporation	PO BOX 100, Bloomington, IN 47402-0100	IN	1991-10	$1,923,081
15	Durham Capital Financing Corporation	3511 Shannon Rd Ste 200, Durham, NC 27707-6330	NC	1992-10	$1,661,693
16	Alameda Public Improvement Corporation	2263 Santa Clara Ave Rm 220, Alameda, CA 94501-4482	CA	1988-08	$1,251,669
17	Henry George Foundation Of America	413 S 10th St, Philadelphia, PA 19147-1233	PA	1960-01	$318,067
18	Center For Study Of Economics	413 S 10th St, Philadelphia, PA 19147-1233	PA	1980-09	$302,865
19	High Plains Farm Credit Flca	PO BOX 2940, Wichita, KS 67201-2940	KS	2003-01	$0
20	United Reciprocity Of America	Po Box 39728, Los Angeles, CA 90039	CA	2014-03	$0

Number of organizations performing similar types of work

Arizona	4
California	10
District of Columbia	1
Indiana	2
Kansas	1

Missouri	1
North Carolina	1
Pennsylvania	2
Texas	2

Total

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