The Nararo Foundation in Philadelphia, Pennsylvania (PA)

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The Nararo Foundation
Employer Identification Number (EIN)020229861
Name of OrganizationThe Nararo Foundation
In Care of NameThomas I Whitman
Address720 Westview St, Philadelphia, PA 19119-3532
SubsectionCharitable Organization
Ruling Date04/2002
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$14,085,297
Amount of Income$2,403,536
Form 990 Revenue Amount$1,538,012
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $2,403,536 (it was $5,859,145 in 2012)
The Nararo Foundation: 

 $2,403,536
Other organizations performing similar types of work: 

 $72,190

Assets in 2013: $14,085,297 (it was $13,630,090 in 2012)
The Nararo Foundation: 

 $14,085,297
Other organizations performing similar types of work: 

 $42,723

Expenses in 2012: $633,728
This organization: 

 $633,728
Other organizations performing similar types of work: 

 $42,209

Income to expenses ratio in 2012: 3.8
This organization: 

 3.8
Other organizations performing similar types of work: 

 0.4

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 4.7%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$537,456$2,300,804$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$3
Dividends and interest from securities$302,822
Gross rents$0
Gross profit from sales of goods$0
Other income$-112
Other$234,743
Total expenses and disbursements$633,728$7,415$0$616,289
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$17,439$7,415$0
Contributions, gifts, grants paid$616,289
Excess of revenue over expenses and disbursements$-96,272
Net investment income$2,293,389
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$13,630,090$15,470,781
Cash - non-interest-bearing$73,896
Investments-U.S. and state government obligations$0
Investments-corporate stock$13,149,400
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$406,794
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$13,630,090
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$234,743
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$45,868
Total credits and payments$47,160
2012 estimated tax payments and 2011 overpayment credited to 2012$7,160
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$40,000
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$1,292
Amount to be credited to 2013 estimated tax$1,292
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$13,966,039
Net value of noncharitable-use assets$13,756,540
Minimum investment return$687,827
Distributable Amount (for 2012)
Distributable amount$641,959
Undistributed Income (for 2012)
Distributable amount for 2012$641,959
Undistributed income for 2012. This amount must be distributed in 2013$171,211
Private Operating Foundations (for 2012)
2012201120102009Total
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
IdNameAddressStateEstablishedTotal Income
1Rotary International, South Hill Rotary ClubPO BOX 922, South Hill, VA 23970-0922VA2008-06$70,044
2Farm Journal Agricultural FoundationOne Penn Square West 30 S 15th St, Philadelphia, PA 19102PA2011-05$3,042,227
3The Nararo Foundation720 Westview St, Philadelphia, PA 19119-3532PA2002-04$2,403,536
4Asplundh Family Public Foundation Inc708 Blair Mill Rd, Willow Grove, PA 19090-1701PA2009-06$1,716,430
5Pennies In Action Foundation701 W Duttons Mill Rd, Aston, PA 19014PA2009-12$452,147
6Burkholder Family FoundationPO BOX 465, Myerstown, PA 17067-0465PA2010-05$405,211
7Brandywine Valley Summer Series340 E Hillendale Road, Kennett Square, PA 19348PA2013-02$387,352
8Old Joe Club Charities IncPo Box 608 6012 Enterprise Drive, Export, PA 15632PA2013-11$311,218
9Timothy School Development Fund Inc999 Old Lancaster Rd, Berwyn, PA 19312-1221PA2000-11$307,151
10The Shearim Usa Charitable Trust, Price Barbara TteePO BOX 747, Bala Cynwyd, PA 19004-0747PA1994-10$292,857
11Pulsera Project131 N Wawaset Rd, West Chester, PA 19382-6735PA2009-12$244,986
12Sweet Charities Of HanoverPmb 154 1150 Carlisle Street, Hanover, PA 17331-1100PA2003-12$243,453
13The Im Able Foundation, Got The Nerve220 Park Road North Bldg 7, Wyomissing, PA 19610-2945PA2007-07$210,454
14Warwick Education Foundation32 Brookview Dr, Lititz, PA 17543-8125PA1999-03$180,579
15Griffin Gives Foundation Inc41 Milburn Ct, Souderton, PA 18964-2274PA2012-11$128,534
16Jamies Dream Team4304 Walnut Street Suite 1, Mckeesport, PA 15132PA2007-12$126,819
17Kevin From Heaven FoundationPO BOX 354, Ambler, PA 19002-0354PA2011-07$119,098
18Hannah Robb Foundation256 Eagleview Blvd Ste 374, Exton, PA 19341-1157PA2014-08$79,391
19Rock For Life Inc203 Sherman Ave, Vandergrift, PA 15690-1126PA2006-06$75,960
20Montrose Chocolate And Wine Festival170 Church St, Montrose, PA 18801PA2013-10$69,972
Number of organizations performing similar types of work
Alaska6
Alabama40
Arkansas22
Arizona64
California413
Colorado82
Connecticut60
District of Columbia24
Delaware23
Florida243
Georgia99
Hawaii14
Iowa31
Idaho14
Illinois135
Indiana57
Kansas27
Kentucky41
Louisiana31
Massachusetts116
Maryland90
Maine12
Michigan90
Minnesota68
Missouri61
Mississippi13
Montana14
North Carolina108
North Dakota7
Nebraska16
New Hampshire17
New Jersey148
New Mexico10
Nevada35
New York266
Ohio131
Oklahoma35
Oregon47
Pennsylvania143
Rhode Island26
South Carolina46
South Dakota11
Tennessee50
Texas243
Utah31
Virginia114
Vermont7
Washington72
Wisconsin58
West Virginia18
Wyoming8
International7
Total3,544

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