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THE NORIN FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
THE NORIN FOUNDATION (EIN 47-5203575)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-30
IRS object ID
202401519349101800
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-30T16:29:41-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN475203575EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Norin FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlNORIBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personjohn norinPersonNm
Person TitlepresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2024-05-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstjohnPersonFirstNm
Person LastnorinPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$187,582FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$3,607InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,607InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$1,249DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,249DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$188NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$11,373GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$188CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$5,044TotalRevAndExpnssAmt
Total Net Invst Incm$5,044TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$717OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$717OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$101TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$7,700OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$7,700OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$8,518TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$718TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,700TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$11,518TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$718TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$10,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$6,474ExcessRevenueOverExpensesAmt
Net Investment Income$4,326NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$135,787SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$79,083SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$79,083SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$49,820CorporateStockBOYAmt
Corporate Stock EOY$100,050CorporateStockEOYAmt
Corporate Stock EOYFMV$108,499CorporateStockEOYFMVAmt
Total Assets BOY$185,607TotalAssetsBOYAmt
Total Assets EOY$179,133TotalAssetsEOYAmt
Total Assets EOYFMV$187,582TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$185,607RetainedEarningBOYAmt
Retained Earning EOY$179,133RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$185,607TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$179,133TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$185,607TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$179,133TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$185,607TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$6,474ExcessRevenueOverExpensesAmt
Subtotal$179,133SubtotalAmt
Tot Net Ast Or Fund Balances EOY$179,133TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$11,373GrossSalesPriceAmt
Cost Or Other Basis$11,185CostOrOtherBasisAmt
Gain Or Loss$188GainOrLossAmt
Gains Minus Excess Or Losses$188GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$188CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$60InvestmentIncomeExciseTaxAmt
Subtotal$60SubtotalAmt
Tax Based On Investment Income$60TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$57EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$100ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$157TotalPaymentsAndCreditsAmt
Overpayment$97OverpaymentAmt
Applied To ES Tax$97AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJohn L NorinPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
TitlePres, Dir, Sec, TreasTitleTxt
Average Hrs Per Wk Devoted To Pos1.0AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$58,222AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$130,592AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$188,814TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$188,814AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,832CashDeemedCharitableAmt
Net Vl Noncharitable Assets$185,982NetVlNoncharitableAssetsAmt
Minimum Investment Return$9,299MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$9,299MinimumInvestmentReturnAmt
Tax Based On Investment Income$60TaxBasedOnInvestmentIncomeAmt
Total Tax$60TotalTaxAmt
Distributable Before Adj$9,239DistributableBeforeAdjAmt
Distributable Before Ded$9,239DistributableBeforeDedAmt
Distributable As Adjusted$9,239DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$10,700ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$10,700QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,239DistributableAsAdjustedAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Excess Distribution Cyov Yr3$618ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$4,739ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$5,357TotalExcessDistributionCyovAmt
Qualifying Distributions$10,700QualifyingDistributionsAmt
Applied To Current Year$9,239AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,461RemainingDistriFromCorpusAmt
Total Corpus$6,818TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$6,818ExcessDistriCyovToNextYrAmt
Excess From Year3$618ExcessFromYear3Amt
Excess From Year2$4,739ExcessFromYear2Amt
Excess From Current Year$1,461ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJohn L NorinContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1ARAPAHOE RESCUE PATROL INCBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line15852 S MALAYA CTAddressLine1Txt
CityCENTENNIALCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80015ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipN/ARecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeGeneral & UnrestrictedGrantOrContributionPurposeTxt
Amt$3,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$3,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,607ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,249ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$188ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,044ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,044TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (34 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ABBOTT LABS$3,308$3,412
ABBVIE INC$3,463$3,564
ACCENTURE PLC$3,754$4,211
AMERICAN ELECTRIC POWER INC$1,214$1,137
ANALOG DEVICES INC$3,041$3,376
AUTOMATIC DATA PROCESSING INC$2,461$2,563
BLACKROCK INC$2,910$3,247
BROADCOM INC$4,384$5,581
CHUBB LIMITED$2,889$3,164
DIAGEO PLC ADS$650$583
EOG RESOURCES INC$1,734$1,814
EXXON MOBIL CORP$3,743$3,599
HOME DEPOT INC$2,529$2,772
HONEYWELL INTL$2,502$2,726
JOHNSON & JOHNSON$3,239$2,978
JP MORGAN CHASE$3,120$3,742
LINDE PLC COM$2,818$3,286
MARSH AND MCLENNAN COMPANIES I$2,228$2,463
MCDONALD'S CORP$2,399$2,669
MICROSOFT CORP$10,302$12,410
MORGAN STANLEY$2,580$2,798
NEXTERA ENERGY, INC$2,276$2,004
ORACLE CORP$3,624$4,217
PHILLIPS 66$1,362$1,598
PROCTER GAMBLE CO$2,446$2,491
PROLOGIS$2,893$3,066
REPUBLIC SVCS INC$1,594$1,814
STARBUCKS CORP COM$3,082$3,264
TAIWAN SEMICONDUCTOR MFG CO LT$3,785$4,056
THE COCA-COLA CO$3,189$3,123
TRANE TECHNOLOGIES PLC$1,118$1,220
UNION PACIFIC$2,925$3,193
UNITED PARCEL SERVICE$2,889$2,673
UNITEDHEALTH GROUP INC$3,599$3,685

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$7,675$7,675
State or Local Filing Fees$25$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$717Amt
Net Investment Income$717NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
990-PF Extension for 2022$100
Foreign Tax Paid$1$1

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