Raymond & Laura Fallona Charitable Foundation in Pittsburgh, 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
| Raymond & Laura Fallona Charitable Foundation | |
| Employer Identification Number (EIN) | 046580695 |
| Name of Organization | Raymond & Laura Fallona Charitable Foundation |
| In Care of Name | Boston Safe Deposit & Trust Co |
| Address | PO BOX 185, Pittsburgh, PA 15230-0185 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,669,400 |
| Amount of Income | $1,933,267 |
| Form 990 Revenue Amount | $260,000 |
Non-representatives - add comments:
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 | $69,916 | $104,727 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $102,794 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $268,726 | $22,516 | $0 | $240,085 |
| Compensation of officers, directors, trustees, etc. | $34,426 | |||
| Total operating and administrative expenses | $42,446 | $22,516 | $13,805 | |
| Contributions, gifts, grants paid | $226,280 | |||
| Excess of revenue over expenses and disbursements | $-198,810 | |||
| Net investment income | $82,211 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,313,828 | $4,856,098 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $4,247,080 | |
| Other | $66,748 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,313,828 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-32,878 |
| 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 | $1,644 |
| Total credits and payments | $4,744 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $4,744 |
| 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 | $3,100 |
| Amount to be credited to 2013 estimated tax | $1,644 |
| 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? | 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)? | 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 | $4,836,427 |
| Net value of noncharitable-use assets | $4,763,880 |
| Minimum investment return | $238,194 |
| Distributable Amount (for 2012) | |
| Distributable amount | $236,550 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $236,550 |
| 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 | Ray Carr Automotive Museum Foundation | 1233 Calista Ln, Phoenixville, PA 19460-2101 | PA | 2001-03 | $38,000 |
| 2 | Ray Dibattista Charitable Tr, Dibattista Raymond E Ttee | 960 Beechwood Dr, Windber, PA 15963-1581 | PA | 2001-05 | $44,496 |
| 3 | Ray G Anthony Scholarship Fund | 71 N Mt Vernon Ave, Uniontown, PA 15401-2854 | PA | 1999-05 | $0 |
| 4 | Ray Gibstein Charitable Trust | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1996-10 | $1,953 |
| 5 | Ray Of Hope Foundation Inc | 1818 Market Street, Philadelphia, PA 19103-3638 | PA | 1997-10 | $135,158 |
| 6 | Ray Of Hope Ministries Inc | 5500 Chew Ave, Philadelphia, PA 19138-2310 | PA | 2006-10 | $189,445 |
| 7 | Ray Of Hope Project | 1366 Ruan St, Philadelphia, PA 19124 | PA | 2004-06 | $19,827 |
| 8 | Ray S & Lizzie S Bicksler & Anna B Greiner Memorial Scholarship Fund | PO BOX 3215, Lancaster, PA 17604-3215 | PA | 1989-04 | $2,312 |
| 9 | Ray T Charley Foundation | C/O Steven J Lynch 114 Southpointe, Canonsburg, PA 15317 | PA | 1991-05 | $137 |
| 10 | Raymond & Elizabeth Bloch Education And Charitable Foundation | 603 Frick Building, Pittsburgh, PA 15219 | PA | 1988-11 | $155,357 |
| 11 | Raymond & Laura Fallona Charitable Foundation | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1992-08 | $1,933,267 |
| 12 | Raymond & Ruth Perelman Education Foundation | 1 Bala Ave Ste 310, Bala Cynwyd, PA 19004 | PA | 1995-10 | $5,763,000 |
| 13 | Raymond And Ellen Goldberg Foundation | PO BOX 1655, Horsham, PA 19044-6655 | PA | 1987-04 | $270,348 |
| 14 | Raymond And Ruth Perelman Community Foundation | 1 Bala Ave Ste 310, Bala Cynwyd, PA 19004-3210 | PA | 1995-10 | $1,304,421 |
| 15 | Raymond And Ruth Perelman Judaica Foundation | 1 Bala Ave Ste 310, Bala Cynwyd, PA 19004-3210 | PA | 1995-10 | $6,520,000 |
| 16 | Raymond B Carey Foundation Inc | 561 Main St Ste 100, Bethlehem, PA 18018-5860 | PA | 1988-04 | $1,139 |
| 17 | Raymond B Worst Res Trust Dtd 011287 Fbo Suie Worst | PO BOX 3215, Lancaster, PA 17604-3215 | PA | $249,371 | |
| 18 | Raymond G Jackson And Emma A Jackson Scholarship Fund | C/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | 1996-09 | $1,254,090 |
| 19 | Raymond I Richardson Foundation Inc, Bowling Brook Home For Boys | 398 York St Ste 10, Hanover, PA 17331-3233 | PA | 1958-05 | $102,040 |
| 20 | Raymond J Coleman Scholarship Fund | PO BOX 3215, Lancaster, PA 17604-3215 | PA | 1997-02 | $7,859 |
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