The Leeway 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
| The Leeway Foundation | |
| Employer Identification Number (EIN) | 232727140 |
| Name of Organization | The Leeway Foundation |
| Address | 1315 Walnut St Ste 832, Philadelphia, PA 19107-4732 |
| Activities | Gifts or grants to individuals (other than scholarships) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $16,849,379 |
| Amount of Income | $2,433,736 |
| Form 990 Revenue Amount | $-527,860 |
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 | $386,029 | $384,029 | $0 | |
| Contributions, gifts, grants, etc., received | $2,000 | |||
| Interest on savings and temporary cash investments | $28 | |||
| Dividends and interest from securities | $311,208 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $72,793 | |||
| Total expenses and disbursements | $874,986 | $52,570 | $0 | $805,284 |
| Compensation of officers, directors, trustees, etc. | $93,992 | |||
| Total operating and administrative expenses | $660,626 | $52,570 | $590,924 | |
| Contributions, gifts, grants paid | $214,360 | |||
| Excess of revenue over expenses and disbursements | $-488,957 | |||
| Net investment income | $331,459 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $16,849,379 | $16,849,379 |
| Cash - non-interest-bearing | $306,350 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $10,595,106 | |
| Investments-corporate bonds | $4,768,055 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,133,464 | |
| Other | $46,404 | |
| Total liabilities | $165,575 | |
| Mortgages and other notes payable | $0 | |
| Other | $165,575 | |
| Total liabilities and net assets/fund balances | $16,683,804 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $72,793 |
| 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 | $6,629 |
| Total credits and payments | $16,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $16,000 |
| 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 | $75 |
| Tax due | $0 |
| Overpayment | $9,296 |
| Amount to be credited to 2013 estimated tax | $9,296 |
| 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? | Yes |
| 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 | $16,390,578 |
| Net value of noncharitable-use assets | $16,144,720 |
| Minimum investment return | $807,236 |
| Distributable Amount (for 2012) | |
| Distributable amount | $800,607 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $800,607 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $304,625 |
| 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 Pennsylvania | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Eugene Feiner Foundation | C/O Bennett L Aaron 3000 Two Logan, Philadelphia, PA 19103 | PA | 1995-01 | $592 |
| 2 | The Eye Research Institute | PO BOX 53429, Philadelphia, PA 19105-3429 | PA | 1971-03 | $6,110 |
| 3 | The Fayette Society For The Prevention Of Cruelty To Animals | 215 Rankin Airshaft Rd, Uniontown, PA 15401-2127 | PA | 1983-07 | $136,400 |
| 4 | The Frederick And Mildred Maltby Charitable Trust | 780 Glen Rd, Jenkintown, PA 19046-1529 | PA | 1993-12 | $5,000 |
| 5 | The Friends Of Levitt Pavilion Harrisburg | 100 Concert Dr, Harrisburg, PA 17103-2400 | PA | 2003-03 | $262 |
| 6 | The Howling Beagles Foundation A Pennsylvania Non-Profit Corporatio | 619 College Ave, Haverford, PA 19041-1011 | PA | 2009-02 | $3,765 |
| 7 | The Intersection | PO BOX 827, Mckeesport, PA 15134-0827 | PA | 1946-03 | $460,243 |
| 8 | The J William And Harriet Fulbright Center Inc | 841 Gregory Rd, Rydal, PA 19046-2928 | PA | 1997-07 | $94,975 |
| 9 | The Lake Foundation Charitable Trust | 30 Woodland Dr, Peckville, PA 18452-1017 | PA | 1988-04 | $1,980 |
| 10 | The Lankenau Hospital Malpractice Insurance Trust | 950 Haverford Rd, Bryn Mawr, PA 19010-3850 | PA | 1982-04 | $98,944 |
| 11 | The Leeway Foundation | 1315 Walnut St Ste 832, Philadelphia, PA 19107-4732 | PA | 1994-10 | $2,433,736 |
| 12 | The Levine Foundation, Levine Ruth F Ttee | 339 Sixth Avenue, Pittsburgh, PA 15222-2517 | PA | 1993-10 | $45,298 |
| 13 | The Lower Paxton Township Firemans Relief Association Of The State Of | Local, Linglestown, PA 17112 | PA | 1993-09 | $714,066 |
| 14 | The Manchester Citizens Corporation | 1319 Allegheny Ave, Pittsburgh, PA 15233-1531 | PA | 1979-06 | $358,370 |
| 15 | The Patricia And Lionel Savadove Fund Inc | 6 Old Mill Ln, New Hope, PA 18938-1704 | PA | 1988-07 | $106 |
| 16 | The Philadelphia Foundation For Orthopaedic Advancement | 422 Sabine Avenue, Wynnewood, PA 19096 | PA | 2009-05 | $46,188 |
| 17 | The Resting Place | 2400 N 6th Street, Harrisburg, PA 17110 | PA | 2009-01 | $25,565 |
| 18 | The Society Of St Vincent De Paul Of Philadelphia | 3004 Keenwood Rd, East Norriton, PA 19403-4238 | PA | 1946-03 | $2,050,534 |
| 19 | The South Mountain Camps Foundation | PO BOX 147, Wernersville, PA 19565-0147 | PA | 1981-08 | $53,858 |
| 20 | The Theater Outlet | PO BOX 715, Alientown, PA 18105-0715 | PA | 1998-02 | $4,020 |
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