Driscoll 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
- Other organizations in Pennsylvania
| Driscoll Family Foundation | |
| Employer Identification Number (EIN) | 232897985 |
| Name of Organization | Driscoll Family Foundation |
| In Care of Name | Edward C Driscoll |
| Address | 615 St Andrews Rd, Philadelphia, PA 19118-4116 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $580,891 |
| Amount of Income | $36,222 |
| Form 990 Revenue Amount | $42,750 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
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 | $43,306 | $13,306 | $0 | |
| Contributions, gifts, grants, etc., received | $30,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $13,306 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $51,663 | $4,532 | $0 | $47,131 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,532 | $4,532 | $0 | |
| Contributions, gifts, grants paid | $47,131 | |||
| Excess of revenue over expenses and disbursements | $-8,357 | |||
| Net investment income | $8,774 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $579,266 | $588,875 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $451,070 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $128,196 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $579,266 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $175 |
| Total credits and payments | $227 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $72 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $155 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $52 |
| Amount to be credited to 2013 estimated tax | $52 |
| 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 | $593,000 |
| Net value of noncharitable-use assets | $584,100 |
| Minimum investment return | $29,205 |
| Distributable Amount (for 2012) | |
| Distributable amount | $29,030 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $29,030 |
| 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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| 9 | Drexel Swim Club Inc | PO BOX 421, Springfield, PA 19064-0421 | PA | 1963-04 | $159,201 |
| 10 | Drib-L Inc | 616 Brainerd Pl, Exton, PA 19341-1907 | PA | 2003-06 | $87,490 |
| 11 | Driscoll Family Foundation | 615 St Andrews Rd, Philadelphia, PA 19118-4116 | PA | 1998-06 | $36,222 |
| 12 | Drive-A-Friend Inc | 79 E Essex Ave, Lansdowne, PA 19050-1434 | PA | 2002-11 | $11,434 |
| 13 | Drmc Employee Benefit Plan Trust, Monnhiemer Charles & Nelson Robert | PO BOX 447, Dubois, PA 15801-0447 | PA | 1992-07 | $1,155,643 |
| 14 | Droopy Basset Hound Rescue Of Western Pennsylvania Inc | 15581 Stewart Hill Rd, Union City, PA 16438-8128 | PA | 2004-05 | $30,846 |
| 15 | Drs Marie Uberti Benz And Robert L Benz Foundation | PO BOX 345, Narberth, PA 19072-0345 | PA | 2003-12 | $124,334 |
| 16 | Drue Heinz Trust | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1957-10 | $21,737,640 |
| 17 | Drueding Center | 413 W Master Street, Philadelphia, PA 19122-4436 | PA | 1946-03 | $3,681,528 |
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| 19 | Drug & Alcohol Treatment Service | 441 Wyoming Ave, Scranton, PA 18503-1227 | PA | 1981-10 | $2,165,598 |
| 20 | Drug And Alcohol Rehabilitation Service Inc | 1290 Prospect Rd, Columbia, PA 17512-9228 | PA | 1976-03 | $3,083,795 |
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