Marotta Family Foundation in Philadelphia, 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
- Organizations performing similar types of work
| Marotta Family Foundation | |
| Employer Identification Number (EIN) | 223681885 |
| Name of Organization | Marotta Family Foundation |
| In Care of Name | Pnc Bank Na Agent For Trustees |
| Address | 1600 Market St Tax Dept, Philadelphia, PA 19103-7240 |
| Subsection | Charitable Organization |
| Ruling Date | 11/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $46,615 |
| Amount of Income | $78,148 |
| Form 990 Revenue Amount | $22,751 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2012: $78,148 (it was $22,751 in 2011)
| Marotta Family Foundation: | $78,148 |
| Other organizations performing similar types of work: | $72,190 |
Assets in 2012: $46,615 (it was $85,363 in 2011)
| This organization: | $46,615 |
| Other organizations performing similar types of work: | $42,723 |
Expenses in 2012: $53,275
| Marotta Family Foundation: | $53,275 |
| Other organizations performing similar types of work: | $42,209 |
Income to expenses ratio in 2012: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 0.4 |
Grants share in income in 2012: 0.0%
| Marotta Family Foundation: | 0.0% |
| Other organizations performing similar types of work: | 4.7% |
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 | $14,833 | $14,833 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,802 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $13,031 | |||
| Total expenses and disbursements | $53,275 | $620 | $0 | $52,357 |
| Compensation of officers, directors, trustees, etc. | $826 | |||
| Total operating and administrative expenses | $1,375 | $620 | $457 | |
| Contributions, gifts, grants paid | $51,900 | |||
| Excess of revenue over expenses and disbursements | $-38,442 | |||
| Net investment income | $14,213 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $46,615 | $60,176 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $42,390 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $4,225 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $46,615 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $13,031 |
| 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 | $142 |
| Total credits and payments | $240 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $240 |
| 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 | $98 |
| Amount to be credited to 2013 estimated tax | $98 |
| 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 | $78,116 |
| Net value of noncharitable-use assets | $76,940 |
| Minimum investment return | $3,847 |
| Distributable Amount (for 2012) | |
| Distributable amount | $3,705 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $3,705 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Rotary International, South Hill Rotary Club | PO BOX 922, South Hill, VA 23970-0922 | VA | 2008-06 | $70,044 |
| 2 | Farm Journal Agricultural Foundation | One Penn Square West 30 S 15th St, Philadelphia, PA 19102 | PA | 2011-05 | $3,042,227 |
| 3 | The Nararo Foundation | 720 Westview St, Philadelphia, PA 19119-3532 | PA | 2002-04 | $2,403,536 |
| 4 | Asplundh Family Public Foundation Inc | 708 Blair Mill Rd, Willow Grove, PA 19090-1701 | PA | 2009-06 | $1,716,430 |
| 5 | Pennies In Action Foundation | 701 W Duttons Mill Rd, Aston, PA 19014 | PA | 2009-12 | $452,147 |
| 6 | Burkholder Family Foundation | PO BOX 465, Myerstown, PA 17067-0465 | PA | 2010-05 | $405,211 |
| 7 | Brandywine Valley Summer Series | 340 E Hillendale Road, Kennett Square, PA 19348 | PA | 2013-02 | $387,352 |
| 8 | Old Joe Club Charities Inc | Po Box 608 6012 Enterprise Drive, Export, PA 15632 | PA | 2013-11 | $311,218 |
| 9 | Timothy School Development Fund Inc | 999 Old Lancaster Rd, Berwyn, PA 19312-1221 | PA | 2000-11 | $307,151 |
| 10 | The Shearim Usa Charitable Trust, Price Barbara Ttee | PO BOX 747, Bala Cynwyd, PA 19004-0747 | PA | 1994-10 | $292,857 |
| 11 | Pulsera Project | 131 N Wawaset Rd, West Chester, PA 19382-6735 | PA | 2009-12 | $244,986 |
| 12 | Sweet Charities Of Hanover | Pmb 154 1150 Carlisle Street, Hanover, PA 17331-1100 | PA | 2003-12 | $243,453 |
| 13 | The Im Able Foundation, Got The Nerve | 220 Park Road North Bldg 7, Wyomissing, PA 19610-2945 | PA | 2007-07 | $210,454 |
| 14 | Warwick Education Foundation | 32 Brookview Dr, Lititz, PA 17543-8125 | PA | 1999-03 | $180,579 |
| 15 | Griffin Gives Foundation Inc | 41 Milburn Ct, Souderton, PA 18964-2274 | PA | 2012-11 | $128,534 |
| 16 | Jamies Dream Team | 4304 Walnut Street Suite 1, Mckeesport, PA 15132 | PA | 2007-12 | $126,819 |
| 17 | Kevin From Heaven Foundation | PO BOX 354, Ambler, PA 19002-0354 | PA | 2011-07 | $119,098 |
| 18 | Hannah Robb Foundation | 256 Eagleview Blvd Ste 374, Exton, PA 19341-1157 | PA | 2014-08 | $79,391 |
| 19 | Rock For Life Inc | 203 Sherman Ave, Vandergrift, PA 15690-1126 | PA | 2006-06 | $75,960 |
| 20 | Montrose Chocolate And Wine Festival | 170 Church St, Montrose, PA 18801 | PA | 2013-10 | $69,972 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,544 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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