Pearson-Rappaport Foundation in Albany, 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
| Pearson-Rappaport Foundation | |
| Employer Identification Number (EIN) | 061484929 |
| Name of Organization | Pearson-Rappaport Foundation |
| In Care of Name | The Ayco Co Lp |
| Address | PO BOX 15014, Albany, NY 12212-5014 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $439,881 |
| Amount of Income | $583,638 |
| Form 990 Revenue Amount | $184,738 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising Organizations That Cross Categories |
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 | $1,136,942 | $530,532 | $0 | |
| Contributions, gifts, grants, etc., received | $606,410 | |||
| Interest on savings and temporary cash investments | $146 | |||
| Dividends and interest from securities | $57,087 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $473,299 | |||
| Total expenses and disbursements | $722,206 | $135 | $0 | $715,530 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,676 | $135 | $0 | |
| Contributions, gifts, grants paid | $715,530 | |||
| Excess of revenue over expenses and disbursements | $414,736 | |||
| Net investment income | $530,397 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $567,415 | $2,875,969 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $544,351 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $23,064 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $567,415 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $473,299 |
| 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 | $5,304 |
| Total credits and payments | $22,254 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $8,254 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $14,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $16,950 |
| Amount to be credited to 2013 estimated tax | $16,950 |
| 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 | $2,726,335 |
| Net value of noncharitable-use assets | $2,685,440 |
| Minimum investment return | $134,272 |
| Distributable Amount (for 2012) | |
| Distributable amount | $128,968 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $128,968 |
| 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 New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Pearl River Alumni Ambulance Corporation | 15 North Pearl Street Box 1046, Pearl River, NY 10965-2147 | NY | 1965-08 | $559,354 |
| 2 | Pearl River Gun Club Inc | Po Box 48, Pearl River, NY 10965 | NY | 1997-03 | $0 |
| 3 | Pearl River Nauraushaun Swim Club Inc | PO BOX 42, Pearl River, NY 10965-0042 | NY | $409,885 | |
| 4 | Pearl River Teachers Association Benefit Trust Fund | Prms 520 Gilbert Ave, Pearl River, NY 10965 | NY | 1996-08 | $44,937 |
| 5 | Pearl Robinson Foundation Inc | 36 The Crossings, Purchase, NY 10577-2211 | NY | 1992-06 | $1 |
| 6 | Pearl Street Counseling Center Inc | 109 State Street, Albany, NY 12207-1653 | NY | 1984-09 | $713,480 |
| 7 | The Pearl T Maxim Charitable Foundation Inc | 60 E End Ave, New York, NY 10028-7907 | NY | 2007-11 | $1 |
| 8 | Pearl Welinsky Merlo Foundation | 150 East 69th Street No 4b, New York, NY 10021-5704 | NY | 2006-03 | $284,188 |
| 9 | Pearlman Foundation | 112 W 56th St Apt 20s, New York, NY 10019-3883 | NY | 1997-06 | $20,141 |
| 10 | Pearson Charitable Foundation | 330 Hudson St, New York, NY 10013-1014 | NY | 2004-03 | $39,908,276 |
| 11 | Pearson-Rappaport Foundation | PO BOX 15014, Albany, NY 12212-5014 | NY | 1997-06 | $583,638 |
| 12 | Peccadillo Theater Company Inc | 423 W 46th St, New York, NY 10036-3510 | NY | 1996-01 | $297,278 |
| 13 | Peck Memorial Library Association Inc | PO BOX 325, Marathon, NY 13803-0325 | NY | 1982-09 | $68,179 |
| 14 | Peck Stacpoole Foundation | 300 W 108th St Apt 14b, New York, NY 10025-2705 | NY | 1999-02 | $568,029 |
| 15 | Peckham Family Foundation, Peckham John R Ttee | 29 Old Aspetong Rd, Katonah, NY 10536-3844 | NY | 1999-08 | $420,858 |
| 16 | Peco Foundation | One Penn Plaa 4th Fl Ste 440, New York, NY 10119 | NY | 1969-08 | $2,672,522 |
| 17 | Peconic Baykeeper Inc | PO BOX 893, Quogue, NY 11959-0893 | NY | 2001-08 | $355,108 |
| 18 | Peconic Community Council | 28 Lincoln St, Riverhead, NY 11901-2793 | NY | 1998-02 | $322,436 |
| 19 | Peconic County Now Inc | PO BOX 159, Remsenburg, NY 11960-0159 | NY | 1997-01 | $16 |
| 20 | East End Health Alliance | 201 Manor Pl, Greenport, NY 11944-1222 | NY | 1998-10 | $1,065,344 |
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