James N And Nancy J Farley 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
- Organizations performing similar types of work
| James N And Nancy J Farley Foundation | |
| Employer Identification Number (EIN) | 363938355 |
| Name of Organization | James N And Nancy J Farley Foundation |
| In Care of Name | Glenmede Trust Company |
| Address | 1650 Market St Ste 1200, Philadelphia, PA 19103-7311 |
| Activities | Research, development and testing |
| Subsection | Charitable Organization |
| Ruling Date | 10/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| 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) (990-PF required) |
| Asset Amount | $4,629,782 |
| Amount of Income | $2,582,753 |
| Form 990 Revenue Amount | $489,445 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Business and Industry |
Non-representatives - add comments:
Amount of income in 2010: $2,582,753 (it was $489,445 in 2011)
| This organization: | $2,582,753 |
| Other organizations performing similar types of work: | $252,729 |
Assets in 2010: $4,629,782 (it was $3,090,674 in 2011)
| This organization: | $4,629,782 |
| Other organizations performing similar types of work: | $363,990 |
Expenses in 2011: $2,028,559
| This organization: | $2,028,559 |
| Other organizations performing similar types of work: | $283,183 |
Income to expenses ratio in 2011: 1.3
| James N And Nancy J Farley Foundation: | 1.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 0.0%
| James N And Nancy J Farley Foundation: | 0.0% |
| Other organizations performing similar types of work: | 30.9% |
Revenue for 2011
Expenses for 2011
Assets 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 | $489,445 | $490,184 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $25 | |||
| Dividends and interest from securities | $145,257 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $344,163 | |||
| Total expenses and disbursements | $2,028,559 | $22,264 | $0 | $2,002,815 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $28,559 | $22,264 | $2,815 | |
| Contributions, gifts, grants paid | $2,000,000 | |||
| Excess of revenue over expenses and disbursements | $-1,539,114 | |||
| Net investment income | $467,920 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,090,674 | $3,468,322 |
| Cash - non-interest-bearing | $3,861 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $3,014,584 | |
| Other | $72,229 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,090,674 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $344,163 |
| 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 | $4,679 |
| Total credits and payments | $3,722 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $3,722 |
| 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 | $957 |
| Amount to be credited to 2012 estimated tax | $0 |
| 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 | $4,813,437 |
| Net value of noncharitable-use assets | $4,741,240 |
| Minimum investment return | $237,062 |
| Distributable Amount (for 2011) | |
| Distributable amount | $232,383 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $232,383 |
| 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 | Urac, American Accreditation Healthcare C | 1220 L St Nw Ste 400, Washington, DC 20005-4013 | DC | 1992-02 | $22,095,499 |
| 2 | James N And Nancy J Farley Foundation | 1650 Market St Ste 1200, Philadelphia, PA 19103-7311 | PA | 1994-10 | $2,582,753 |
| 3 | Stratford Title Holding Company Inc | 220 Reservoir St Ste 6, Needham, MA 02494-3133 | MA | 1991-05 | $1,264,424 |
| 4 | Southern Growth Policies Board | PO BOX 12293, Rtp, NC 27709-2293 | NC | 1973-05 | $803,457 |
| 5 | Trabuco Canyon Improvement Corporation | 32003 Dove Canyon Dr, Trabuco Cyn, CA 92679-3715 | CA | 1989-02 | $356,954 |
| 6 | Girard Area Industrial Development Corporation | 227 Hathaway St E, Girard, PA 16417-1552 | PA | 1975-03 | $343,947 |
| 7 | Provincetown Business Guild | PO BOX 421, Provincetown, MA 02657-0421 | MA | 1982-03 | $333,546 |
| 8 | American Planning Association, 36 Pennsylvania Chapter | 587 James Dr, Harrisburg, PA 17112-2273 | PA | 1983-08 | $297,518 |
| 9 | South Carolina Fair Share Education Fund | PO BOX 8888, Columbia, SC 29202-8888 | SC | 1987-08 | $252,729 |
| 10 | Lehigh Valley Business Education Partnership, Lehigh Valley 2000 | 555 Union Blvd, Allentown, PA 18109-3389 | PA | 1990-12 | $178,418 |
| 11 | West Side New Beginnings Inc | 19801 Norwood St, Rehoboth, DE 19971-1243 | DE | 1994-08 | $114,807 |
| 12 | Scarsdale Womans Exchange Inc | 33 Harwood Ct, Scarsdale, NY 10583-4103 | NY | 1950-02 | $110,759 |
| 13 | Intelligent Transportation Society Of America Its America, Caats Its California | 1700 Carnegie Ave Ste 100, Santa Ana, CA 92705-5551 | CA | 1990-11 | $96,815 |
| 14 | Southern Nevada Certified | 2770 S Maryland Pkwy, Las Vegas, NV 89109-1554 | NV | 1985-01 | $27,648 |
| 15 | Simon Family Foundation, Simon Julian L & Rita J Ttee | 110 Primrose St, Chevy Chase, MD 20815-3325 | MD | 1996-01 | $3,197 |
| 16 | American Eurasian Research Institute, Center For The Study Of Eurasian Nomads Zinat Press | 2158 Palomar Ave, Ventura, CA 93001 | CA | 1991-04 | $428 |
| 17 | American Automobile Assoc Transp Travel And Tourism Institute, Aaa-Ttt Institute | 1440 New York Ave Nw Ste 200, Washington, DC 20005-2111 | DC | 1994-02 | $0 |
| 18 | Archeus Foundation Ltd | 140 Broadway 15th Flr, New York, NY 10005-1108 | NY | 1969-06 | $0 |
| 19 | Asian American Congress | 4934 Old York Rd, Philadelphia, PA 19141-2705 | PA | 1993-08 | $0 |
| 20 | Basic Instructions In Building Living & Empowerment | 10573 West Pico Blvd Ste 104, Los Angeles, CA 90064-2333 | CA | 1997-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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