Robert & Nina Mccarthy Foundation in Wellsboro, 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
| Robert & Nina Mccarthy Foundation | |
| Employer Identification Number (EIN) | 311623543 |
| Name of Organization | Robert & Nina Mccarthy Foundation |
| Address | 90 Main St, Wellsboro, PA 16901-1517 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $47,303 |
| Amount of Income | $43,469 |
| Form 990 Revenue Amount | $13,607 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2010: $43,469 (it was $13,607 in 2011)
| Robert & Nina Mccarthy Foundation: | $43,469 |
| Other organizations performing similar types of work: | $124,396 |
Assets in 2010: $47,303 (it was $8,479 in 2011)
| Robert & Nina Mccarthy Foundation: | $47,303 |
| Other organizations performing similar types of work: | $313,863 |
Expenses in 2011: $52,431
| This organization: | $52,431 |
| Other organizations performing similar types of work: | $64,100 |
Income to expenses ratio in 2011: 0.8
| Robert & Nina Mccarthy Foundation: | 0.8 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 0.6% |
Expenses for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $13,607 | $13,607 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $13,607 | |||
| Total expenses and disbursements | $52,431 | $0 | $0 | $51,300 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,131 | $0 | $0 | |
| Contributions, gifts, grants paid | $51,300 | |||
| Excess of revenue over expenses and disbursements | $-38,824 | |||
| Net investment income | $13,607 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,479 | $8,479 |
| 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 | $0 | |
| Other | $8,479 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $8,479 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $13,607 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $136 |
| Total credits and payments | $734 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $734 |
| 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 | $598 |
| Amount to be credited to 2012 estimated tax | $598 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $29,671 |
| Net value of noncharitable-use assets | $29,220 |
| Minimum investment return | $1,461 |
| Distributable Amount (for 2011) | |
| Distributable amount | $1,325 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $1,325 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Tony Patino Fellowship Trust 783352 | PO BOX 1297, New York, NY 10008-1297 | NY | 1997-10 | $1,573,984 |
| 2 | The Schechter Institutes Inc | 2300 Computer Ave No D-18, Willow Grove, PA 19090-1736 | PA | 1995-10 | $5,548,333 |
| 3 | Reading Terminal Market Corporation | 12th And Arch Streets, Philadelphia, PA 19107 | PA | 1994-10 | $4,953,714 |
| 4 | Wesbury Foundation | 31 North Park Avenue Extension, Meadville, PA 16335 | PA | 1996-07 | $3,485,394 |
| 5 | Southern York County School District Foundation | PO BOX 128, Glen Rock, PA 17327-0128 | PA | 1998-01 | $236,953 |
| 6 | Spring-Ford Area School District Educational Foundation | 857 S Lewis Rd, Royersford, PA 19468-2711 | PA | 1993-06 | $110,905 |
| 7 | Robert & Nina Mccarthy Foundation | 90 Main St, Wellsboro, PA 16901-1517 | PA | 1998-12 | $43,469 |
| 8 | Wilson J And Karen A Farmerie Charitable Foundation | 20 Stanwix St Ste 650, Pittsburgh, PA 15222-4803 | PA | 1998-01 | $15,705 |
| 9 | Violetta L Colcord U W Fbo Delaware Ave Baptist Church 10225085aro | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1998-08 | $11,978 |
| 10 | William D & Katharine H Goodwin Memorial Tr | PO BOX 609, Pittsburgh, PA 15230-0609 | PA | 1998-08 | $9,697 |
| 11 | T P I Foundation | 45 S 23rd St, Pittsburgh, PA 15203-2120 | PA | 1996-04 | $4,731 |
| 12 | Muskets Of The Crown Inc | 821 W Siddonsburg Rd, Dillsburg, PA 17019 | PA | 1994-12 | $3,960 |
| 13 | Chelwood Fund | 1880 Jfk Blvd Suite 1100, Philadelphia, PA 19103-7427 | PA | 1997-07 | $0 |
| 14 | International Association Of Lions Clubs, 14u Pocono District | PO BOX 2166, Pocono Pines, PA 18350-2166 | PA | 1940-12 | $0 |
| 15 | Kiwanis Club Of Chambersburg Foundation | 637 Greenfield Dr, Chambersburg, PA 17202-7408 | PA | 1998-03 | $0 |
| 16 | Makefield Womens Association | Po Box 163, Yardley, PA 19067 | PA | 1995-07 | $0 |
| 17 | Mark Mcnaughtons Dollars For Scholars Inc | 669 Feidt Rd, Millersburg, PA 17061-9264 | PA | 1998-08 | $0 |
| 18 | North Suburban Builders Charitable Foundation | 150 Richmond Circle, Pittsburgh, PA 15237 | PA | 1992-06 | $0 |
| 19 | Shady Side Academy Foundation | 423 Fox Chapel Rd, Pittsburgh, PA 15238-2296 | PA | 1995-05 | $0 |
| 20 | St Vincent Ferrer Svf Parent Teacher Organization | 411 Byng St, Ellwood City, PA 16117 | PA | 1984-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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