P J & Palmina Casella Foundation in Vestal, New York (NY)
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 New York
| P J & Palmina Casella Foundation | |
| Employer Identification Number (EIN) | 237032083 |
| Name of Organization | P J & Palmina Casella Foundation |
| In Care of Name | Piaker & Lyons |
| Address | 4845 Country Club Rd, Vestal, NY 13850-3918 |
| Activities | Other school related activities, Other religious activities |
| Subsection | Charitable Organization |
| Ruling Date | 10/1969 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $566,487 |
| Amount of Income | $233,923 |
| Form 990 Revenue Amount | $60,335 |
Non-representatives - add comments:
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 | $53,443 | $15,037 | $15,037 | |
| Contributions, gifts, grants, etc., received | $39,508 | |||
| Interest on savings and temporary cash investments | $3 | |||
| Dividends and interest from securities | $15,034 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $25,913 | $0 | $0 | $25,754 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $7,563 | $0 | $7,404 | |
| Contributions, gifts, grants paid | $18,350 | |||
| Excess of revenue over expenses and disbursements | $27,530 | |||
| Net investment income | $15,037 | |||
| Adjusted net income | $15,037 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $566,487 | $582,407 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $545,301 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $21,186 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $566,487 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-1,102 |
| 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 | $301 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $301 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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 | $55,679 |
| Net value of noncharitable-use assets | $548,420 |
| Minimum investment return | $27,421 |
| Distributable Amount (for 2012) | |
| Distributable amount | $27,120 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $27,120 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $21,021 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Oyster Bay Main Street Association | PO BOX 116, Oyster Bay, NY 11771-0116 | NY | 2002-04 | $134,636 |
| 2 | Ozanam Geriatric Foundation | 4241 201st St, Bayside, NY 11361-2550 | NY | 1946-03 | $260,046 |
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| 5 | P A H L Facilities Inc | 106 108 Ninth St, Troy, NY 12180-2905 | NY | 1989-05 | $1,181 |
| 6 | P A W S In Manhattan Inc, The Worthy Pause | 40-08 Corporal Kennedy Street, Bayside, NY 11361 | NY | 1980-07 | $45,648 |
| 7 | Oppenheim Family Fund Inc, Oppenheim Paula K Ttee | 1375 Broadway, New York, NY 10018-7001 | NY | 1962-10 | $3,119,855 |
| 8 | P C Richard Foundation | 150 Price Pkwy, Farmingdale, NY 11735-1315 | NY | 1996-03 | $2,000 |
| 9 | The Promesa Housing Development Fund Corporation | 311 E 175th St, Bronx, NY 10457-5848 | NY | 1992-06 | $5,060,324 |
| 10 | P I P Surgical Audiotape Series Inc | C/O Maier Markey Menashi, White Plains, NY 10605 | NY | 1992-01 | $1,324 |
| 11 | P J & Palmina Casella Foundation | 4845 Country Club Rd, Vestal, NY 13850-3918 | NY | 1969-10 | $233,923 |
| 12 | P Kenneth Dennis Foundation Inc | 500 County Road 28, Palmyra, NY 14522-9404 | NY | 2000-01 | $5,467 |
| 13 | P L U T O Pet Lovers United Together As One Rescue Of Richmond, Pet Lovers United Together As One | PO BOX 140889, Staten Island, NY 10314-0889 | NY | 2001-06 | $360,609 |
| 14 | P M A A Foundation Inc | 1497 Ocean Pkwy, Brooklyn, NY 11230-6401 | NY | 1991-06 | $40,478 |
| 15 | P O Mark Ellis & P O Ray Suarez Memorial Fund | 253 16 148th St, Rosedale, NY 11422 | NY | 2002-11 | $2,590 |
| 16 | P R A Y Of Syracuse Inc | 1050 West Genesee Street, Syracuse, NY 13204 | NY | 1983-11 | $0 |
| 17 | P S 1 Manhattan Parent Teachers Association Inc, P S 1 Manhattan | 8 Henry St, New York, NY 10038-1032 | NY | 2002-09 | $36,573 |
| 18 | P S 11 Programs Inc | 320 W 21st St, New York, NY 10011-3303 | NY | 1999-03 | $803,157 |
| 19 | P S 295 Parent Teacher Association Inc, P S 295 | 330 18th St, Brooklyn, NY 11215-6111 | NY | 2002-01 | $107,726 |
| 20 | P S 321 Parent-Teacher Association Inc | 180 7th Ave, Brooklyn, NY 11215-2609 | NY | 1997-03 | $1,089,929 |
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