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THE NORIN FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
THE NORIN FOUNDATION (EIN 47-5203575)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-07-11
IRS object ID
202311929349100016
Schema version
2022v5.0
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)
Return2023-07-11T11:42:38-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

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 L NORINPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8008391754PhoneNum
Signature2023-07-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOHN LPersonFirstNm
Person LastNORINPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

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)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$187,650FMVAssetsEOYAmt
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$40InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$40InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$980DividendsRevAndExpnssAmt
Dividends Net Invst Incm$980DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$7,042NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$147,904GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$7,042CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$8,062TotalRevAndExpnssAmt
Total Net Invst Incm$8,062TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$589OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$589OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$7,550OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$7,550OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$8,139TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$589TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,550TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$8,139TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$589TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$7,550TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$77ExcessRevenueOverExpensesAmt
Net Investment Income$7,473NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$85,246SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$135,787SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$135,787SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$100,438CorporateStockBOYAmt
Corporate Stock EOY$49,820CorporateStockEOYAmt
Corporate Stock EOYFMV$51,863CorporateStockEOYFMVAmt
Total Assets BOY$185,684TotalAssetsBOYAmt
Total Assets EOY$185,607TotalAssetsEOYAmt
Total Assets EOYFMV$187,650TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$185,684RetainedEarningBOYAmt
Retained Earning EOY$185,607RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$185,684TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$185,607TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$185,684TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$185,607TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$185,684TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$77ExcessRevenueOverExpensesAmt
Subtotal$185,607SubtotalAmt
Tot Net Ast Or Fund Balances EOY$185,607TotNetAstOrFundBalancesEOYAmt

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$147,904GrossSalesPriceAmt
Cost Or Other Basis$140,862CostOrOtherBasisAmt
Gain Or Loss$7,042GainOrLossAmt
Gains Minus Excess Or Losses$7,042GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$7,042CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$104InvestmentIncomeExciseTaxAmt
Subtotal$104SubtotalAmt
Tax Based On Investment Income$104TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$61EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$100ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$161TotalPaymentsAndCreditsAmt
Overpayment$57OverpaymentAmt
Applied To ES Tax$57AppliedToESTaxAmt

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$40,267AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$145,986AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$186,253TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$186,253AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,794CashDeemedCharitableAmt
Net Vl Noncharitable Assets$183,459NetVlNoncharitableAssetsAmt
Minimum Investment Return$9,173MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$9,173MinimumInvestmentReturnAmt
Tax Based On Investment Income$104TaxBasedOnInvestmentIncomeAmt
Total Tax$104TotalTaxAmt
Distributable Before Adj$9,069DistributableBeforeAdjAmt
Distributable Before Ded$9,069DistributableBeforeDedAmt
Distributable As Adjusted$9,069DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$7,550ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$7,550QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,069DistributableAsAdjustedAmt
Prior Year12020PriorYear1Yr
Prior Year22019PriorYear2Yr
Prior Year32018PriorYear3Yr
Excess Distribution Cyov Yr5$13,183ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr2$618ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$4,739ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$18,540TotalExcessDistributionCyovAmt
Qualifying Distributions$7,550QualifyingDistributionsAmt
Applied To Current Year$7,550AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$1,519ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$1,519ExcessDistributionCyovAppCYAmt
Total Corpus$17,021TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$11,664ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$5,357ExcessDistriCyovToNextYrAmt
Excess From Year2$618ExcessFromYear2Amt
Excess From Year1$4,739ExcessFromYear1Amt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

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$40ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$980ExclusionAmt
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$7,042ExclusionAmt
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$8,062ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,062TotalIncomeProducingActyAmt

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 (38 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ABBOTT LABS$1,482$1,537
ABBVIE INC$1,683$1,778
ACCENTURE PLC$1,176$1,067
AMERICAN ELECTRIC POWER INC$1,105$1,139
AMGEN INC$737$788
ANALOG DEVICES INC$1,206$1,312
AUTOMATIC DATA PROCESSING INC$654$717
BLACKROCK INC$641$709
BROADCOM INC$1,522$1,677
CHUBB LIMITED$1,360$1,544
CISCO SYSTEMS INC$614$667
DIAGEO PLC ADS$1,087$1,069
DISCOVER FINL SVCS COM$492$489
EOG RESOURCES INC$1,003$1,166
EXXON MOBIL CORP$1,790$1,875
HOME DEPOT INC$1,130$1,263
HONEYWELL INTL$1,073$1,286
JOHNSON & JOHNSON$2,367$2,296
JP MORGAN CHASE$1,165$1,341
LINDE PLC COM$1,187$1,305
MARSH AND MCLENNAN COMPANIES I$1,111$1,158
MCDONALD'S CORP$1,732$1,845
MICROSOFT CORP$4,729$4,317
MORGAN STANLEY$696$765
NEXTERA ENERGY, INC$1,387$1,505
ORACLE CORP$1,414$1,553
PHILLIPS 66$693$833
PROCTER GAMBLE CO$1,437$1,516
PROLOGIS$1,344$1,240
RAYTHEON TECHNOLOGIES CORP$1,508$1,615
REPUBLIC SVCS INC$779$774
STARBUCKS CORP COM$929$1,190
TEXAS INSTRUMENTS INC$1,253$1,322
THE COCA-COLA CO$1,570$1,590
TRUIST FINANCIAL CORPORATION$967$861
UNION PACIFIC$1,282$1,242
UNITED PARCEL SERVICE$1,474$1,391
UNITEDHEALTH GROUP INC$2,041$2,121

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$7,525$7,525
Bank Charges
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$589Amt
Net Investment Income$589NetInvestmentIncomeAmt

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