Joel And Elaine Gershman Foundation in Jenkintown, Pennsylvania (PA)
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 Pennsylvania
| Joel And Elaine Gershman Foundation | |
| Employer Identification Number (EIN) | 222529629 |
| Name of Organization | Joel And Elaine Gershman Foundation |
| In Care of Name | Jager Management Inc |
| Address | 261 Old York Rd Ste 814, Jenkintown, PA 19046-3714 |
| Activities | Scholarships (other), Emergency or disaster aid fund |
| Subsection | Charitable Organization |
| Ruling Date | 06/1984 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,868,026 |
| Amount of Income | $23,844 |
| Form 990 Revenue Amount | $9,402 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $11,179 | $11,179 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $27 | |||
| Dividends and interest from securities | $9,227 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1,925 | |||
| Total expenses and disbursements | $262,499 | $3,869 | $0 | $358,630 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,869 | $3,869 | $0 | |
| Contributions, gifts, grants paid | $258,630 | |||
| Excess of revenue over expenses and disbursements | $-251,320 | |||
| Net investment income | $7,310 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,868,026 | $3,856,286 |
| Cash - non-interest-bearing | $48,863 | |
| Investments-U.S. and state government obligations | $102,554 | |
| Investments-corporate stock | $141,134 | |
| Investments-corporate bonds | $51,217 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $40,751 | |
| Other | $3,483,507 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,868,026 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,925 |
| 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 | $146 |
| Total credits and payments | $6,116 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $6,116 |
| 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 |
| Tax due | $0 |
| Overpayment | $5,970 |
| Amount to be credited to 2013 estimated tax | $5,970 |
| 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 | $3,993,686 |
| Net value of noncharitable-use assets | $3,933,780 |
| Minimum investment return | $196,689 |
| Distributable Amount (for 2012) | |
| Distributable amount | $196,543 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $196,543 |
| 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 Pennsylvania | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Jobray Family Charitable Trust | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 2005-02 | $486,638 |
| 2 | Jobs Daughters International, Grand Guardian Council | 1244 Bainbridge Rd, Elizabethtown, PA 17022-9423 | PA | 2001-04 | $67,779 |
| 3 | Jockeys Of Philadelphia Park Inc | 5214 Bay Rd, Bensalem, PA 19020-4077 | PA | 2009-05 | $190,305 |
| 4 | Joe And Chris Aloe Charitable Foundation | 2505 Heartwood Dr, Pittsburgh, PA 15241-2853 | PA | 2009-01 | $28,658 |
| 5 | Joe Hand Boxing Gym | 407 E Pennsylvania Blvd, Feasterville, PA 19053-7847 | PA | 1996-12 | $178,852 |
| 6 | Joe Hardy Foundation | 1019 Rt 519 Tax Dept Bldg 1, Eighty Four, PA 15330 | PA | 1991-07 | $1 |
| 7 | Joe Strada Sr Memorial Fund | 3502 Beverly Ln, Mechanicsburg, PA 17050-2236 | PA | 2006-06 | $988 |
| 8 | Joe Tassone Foundation Inc | 250 W Main St, Uniontown, PA 15401-5513 | PA | 2007-08 | $5,000 |
| 9 | Joe Walker Elementary School Parent Teacher Organization | 2510 Park Ave, Washington, PA 15301-8145 | PA | 2005-12 | $91,260 |
| 10 | Joel A Gingras Jr Memorial Foundation Inc, J A G Junior Fund | 123 E Ashland St, Doylestown, PA 18901-4620 | PA | 1996-10 | $186,530 |
| 11 | Joel And Elaine Gershman Foundation | 261 Old York Rd Ste 814, Jenkintown, PA 19046-3714 | PA | 1984-06 | $23,844 |
| 12 | Joella P Banes Trust Uw 0399293 | Pnc Bank 620 Liberty Avenue No 10, Pittsburgh, PA 15222 | PA | $135,756 | |
| 13 | Joey F Casey Memorial Foundation Inc | 8121 Cresco Ave, Philadelphia, PA 19136-2210 | PA | 2000-08 | $265,818 |
| 14 | Joey Pozzuolo Family Foundation | 2033 Walnut St, Philadelphia, PA 19103-4403 | PA | 2003-01 | $227,831 |
| 15 | John & Blanch Smarsh Trust | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1984-05 | $10,817 |
| 16 | John & Helen Timo Foundation | 705 Main St, Bentleyville, PA 15314-1540 | PA | 1999-04 | $1 |
| 17 | John & Jeanette Witmer Ta Charities Tr | PO BOX 3215, Lancaster, PA 17604-3215 | PA | 2006-03 | $46,970 |
| 18 | Robson Foundation | 1650 Market St Ste 1200, Philadelphia, PA 19103-7311 | PA | 1986-03 | $201,847 |
| 19 | John & Marjorie Filsinger Spanish Scholarship Fund | 345 Fire Tower Rd, Clearfield, PA 16830-4013 | PA | 2003-02 | $433 |
| 20 | John A Antoline Memorial Foundation | PO BOX 119, Monaca, PA 15061-0119 | PA | 1994-04 | $20,499 |
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