BETA

JOHN B ROSENTHAL FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
JOHN B ROSENTHAL FOUNDATION (EIN 27-1630253)
Tax period
2021-09-01 to 2022-08-31
Filed
2023-07-11
IRS object ID
202311929349100411
Schema version
2021v4.2
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)
Return2023-07-11T10:50:00-05:00ReturnTs
Tax Period End2022-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN873231666PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES ADVISORY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1245 PARK AVENUE 12TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10167ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN271630253EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE JOHN B ROSENTHAL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJOHNBusinessNameControlTxt
Phone2128019230PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1821 OXFORD CRESTAddressLine1Txt
CityVILLANOVACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19085ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD A GOWERPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2128019230PhoneNum
Signature2023-07-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRICHARDPersonFirstNm
Person LastGOWERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTOPHER PETERMANNPreparerPersonNm
PTINP00097440PTIN
Phone2122862600PhoneNum
Preparation2023-07-10PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$44,328,278FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$25,945,822ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$9,617InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$9,617InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$8,511DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,511DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$6,315OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$6,315OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$25,970,265TotalRevAndExpnssAmt
Total Net Invst Incm$24,443TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$5,000LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$5,000LegalFeesDsbrsChrtblAmt
Other Expenses Rev And Expnss$23,988OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$23,988OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$28,988TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$23,988TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,000TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$521,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$521,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$549,988TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$23,988TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$526,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$25,420,277ExcessRevenueOverExpensesAmt
Net Investment Income$455NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$5,000CashBOYAmt
Cash EOY$123,347CashEOYAmt
Cash EOYFMV$123,347CashEOYFMVAmt
Sav And Temp Cash Invst BOY$31,474SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,076,209SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,076,209SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl$25,000OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct$0OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY$0OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$25,000OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$25,000OtherNtsAndLoansRcvblEOYFMVAmt
US Government Obligations BOY$9,866,108USGovernmentObligationsBOYAmt
US Government Obligations EOY$20,688,849USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$20,740,481USGovtObligationsEOYFMVAmt
Other Investments BOY$0OtherInvestmentsBOYAmt
Other Investments EOY$12,410,855OtherInvestmentsEOYAmt
Other Investments EOYFMV$21,363,241OtherInvestmentsEOYFMVAmt
Total Assets BOY$9,902,582TotalAssetsBOYAmt
Total Assets EOY$35,324,260TotalAssetsEOYAmt
Total Assets EOYFMV$44,328,278TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$9,902,582RetainedEarningBOYAmt
Retained Earning EOY$35,324,260RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$9,902,582TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$35,324,260TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$9,902,582TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$35,324,260TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$9,902,582TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$25,420,277ExcessRevenueOverExpensesAmt
Other Increases$1,401OtherIncreasesAmt
Subtotal$35,324,260SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$35,324,260TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$6InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$6SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$6TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,375EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$2,375TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$2,369OverpaymentAmt
Applied To ES Tax$2,369AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StatePAOrgReportOrRegisterStateCd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled EntityYes (1)OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksRICH GOWERIndividualWithBooksNm
Phone5702858005PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O PENNROSE 230 WYOMING AVEAddressLine1Txt
CityKINGSTONCityNm
State AbbreviationPAStateAbbreviationCd
ZIP18704ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PYYes (1)UndistributedIncomePYInd
Undistributed Income PY12019UndistributedIncomePY1Yr
Undistributed Income PY22018UndistributedIncomePY2Yr
Undistr Incm Sect4942a2 Not AppYes (1)UndistrIncmSect4942a2NotAppInd
Business HoldingsYes (1)BusinessHoldingsInd
Excess Business Holdings0ExcessBusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
LINDA NICKEY ROSENTHAL
821 OXFORD CRESTVILLANOVAPA19085PRESIDENT3.00$0$0$0
STEVEN P BERMAN
821 OXFORD CRESTVILLANOVAPA19085SECRETARY1.00$0$0$0
RICHARD A GOWER
821 OXFORD CRESTVILLANOVAPA19085TREASURER1.00$0$0$0
JOSEPH M REIBMAN
821 OXFORD CRESTVILLANOVAPA19085DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$11,745,889AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$929,545AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$4,922,225FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$17,597,659TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$17,597,659AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$263,965CashDeemedCharitableAmt
Net Vl Noncharitable Assets$17,333,694NetVlNoncharitableAssetsAmt
Minimum Investment Return$866,685MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$866,685MinimumInvestmentReturnAmt
Tax Based On Investment Income$6TaxBasedOnInvestmentIncomeAmt
Total Tax$6TotalTaxAmt
Distributable Before Adj$866,679DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$866,679DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$866,679DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$526,000ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$526,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$866,679DistributableAsAdjustedAmt
Undistributed Income PY$499,005UndistributedIncomePYAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Total For Prior Years$538,867TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$526,000QualifyingDistributionsAmt
Applied To Year1$499,005AppliedToYear1Amt
Applied To Prior Years$26,995AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$0AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$511,872PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$511,872Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$866,679UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
COMMUNITY PARTNERSHIP SCHOOL
3033 WEST GLENWOOD AVENUEPHILADELPHIAPA19121N/APCGENERAL/NO RESTRICTIONS$150,000
FRESH ARTISTS
4115 HAIN DRIVELAFAYETTE HILLPA19444N/APCGENERAL/NO RESTRICTIONS$15,000
FRIENDS OF LAUREL HILL AND WEST LAUREL HILL CEMETERIES
3822 RIDGE AVENUEPHILADELPHIAPA19132N/APCGENERAL/NO RESTRICTIONS$15,000
MIGHTY WRITERS
12 EAST CHURCH LANEPHILADELPHIAPA19144N/APCGENERAL/NO RESTRICTIONS$25,000
PEOPLE'S EMERGENCY CENTER
325 NORTH 39TH STREETPHILADELPHIAPA19104N/APCGENERAL/NO RESTRICTIONS$11,000
PHILADELPHIA FUTURES
123 S BROAD ST SUITE 850PHILADELPHIAPA19109N/APCGENERAL/NO RESTRICTIONS$100,000
PLAY ON PHILLY
PO BOX 8662PHILADELPHIAPA19101N/APCGENERAL/NO RESTRICTIONS$35,000
PROJECT HOME
1415 FAIRMOUNT AVENUEPHILADELPHIAPA19130N/APCGENERAL/NO RESTRICTIONS$35,000
SETTLEMENT MUSIC SCHOOL
416 QUEEN STREETPHILADELPHIAPA19147N/APCGENERAL/NO RESTRICTIONS$20,000
THE ED SNIDER YOUTH HOCKEY FOUNDATION
3601 SOUTH BROAD STREETPHILADELPHIAPA19148N/APCGENERAL/NO RESTRICTIONS$75,000
TREE HOUSE BOOKS
1430 WEST SUSQUEHANNA AVENUEPHILADELPHIAPA19101N/APCGENERAL/NO RESTRICTIONS$40,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$521,000TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,617ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,511ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion01ExclusionCd
Exclusion$6,315ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$24,443ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$24,443TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (4 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
ESTATE OF JOHN B ROSENTHAL
1C/O GADSEN SCHNEIDER WOODWARD LLP 1WAYNEPA190871571$6,497,956Yes (X)
ESTATE OF JOHN B ROSENTHAL
2C/O GADSEN SCHNEIDER WOODWARD LLP 1WAYNEPA190871571$6,913,980Yes (X)
ESTATE OF JOHN B ROSENTHAL
3C/O GADSEN SCHNEIDER WOODWARD LLP 1WAYNEPA190871571$25,000Yes (X)
ESTATE OF JOHN B ROSENTHAL
4C/O GADSEN SCHNEIDER WOODWARD LLP 1WAYNEPA190871571$12,508,886Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (3 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
2U.S. TREASURY BILL$6,913,9802022-06-09
3LOAN RECEIVABLE$25,0002022-06-09
4PARTNERSHIP INTERESTS AND CLOSELY HELD CORPS.$12,508,8862022-06-09

Applied To Prior Year Election AppliedToPriorYearElection

FieldValueIRS element (for citing)
ElectionTHE FOUNDATION IS MAKING AN ELECTION UNDER SECTION 53.4942(A)-3(D)2 TO TREAT THE CURRENT YEAR DISTRIBUTION AS MADE OUT OF UNDISTRIBUTED INCOME FOR 2018.ElectionDesc

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
IdentifierUNDISTRIBUTED INCOMEIdentifierTxt
Form And Line ReferenceFORM 990-PF, PART XIIFormAndLineReferenceDesc
Medium ExplanationON THE ADVICE OF ITS FORMER PAID ACCOUNTANT, THE JOHN B ROSENTHAL FOUNDATION (THE "FOUNDATION") ERRONEOUSLY BELIEVED THE START-UP PERIOD MINIMUM AMOUNT RULES IN TREASURY REGULATIONS SECTION 53.4942(A)-3(B)(4)(I) LIMITED THE AMOUNT OF QUALIFYING DISTRIBUTIONS IT HAD TO MAKE TO 20% OF ITS DISTRIBUTABLE AMOUNT IN ITS FIRST TAXABLE YEAR, 40% IN ITS SECOND TAXABLE YEAR, 60% IN ITS THIRD TAXABLE YEAR, AND 80% IN ITS FOURTH TAXABLE YEAR. SUBSEQUENTLY, ON ADVICE OF OUTSIDE LEGAL COUNSEL, THE FOUNDATION HIRED A CPA FIRM WITH EXPERTISE IN PRIVATE FOUNDATION TAX WHO ADVISED THE FOUNDATION THAT THE START-UP PERIOD MINIMUM AMOUNT RULES DID NOT APPLY TO IT. CONSEQUENTLY, THE FOUNDATION REALIZED IT DID NOT MAKE SUFFICIENT QUALIFYING DISTRIBUTIONS IN ITS 2021 TAX YEAR, WHICH RESULTED IN THE FOUNDATION HAVING PRIOR YEARS' UNDISTRIBUTED INCOME AS WELL AS UNDISTRIBUTED INCOME FOR 2021.MediumExplanationTxt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$20,688,849USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$20,740,481USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY$0StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV$0StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (26 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
2030, INC.AT COST$2,920,225$5,696,416
2030 FM, INC.AT COST$1$176,721
BRENTWOOD PARKSIDE ASSOCIATESAT COST$1$0
CLARA BARTON ALF II, LPAT COST$495,000$0
CLARA BARTON ALF, LLCAT COST$8,600$0
CLARIDGE ASSOCIATESAT COST$27,600$833,750
DIAMOND PHASE II VENTUREAT COST$1$0
DORADO VENTUREAT COST$65,700$52,608
FORT LEE HOUSING, INC.AT COST$76,312$118,500
FOURTH STREET ASSOCIATESAT COST$164,848$1,355,733
HANOVER OFFICE LIMITED PARTNERSHIP IIAT COST$0$504,658
INDEPENDENCE AMERICAN, INC.AT COST$460$0
INDEPENDENCE AMERICAN II, INC.AT COST$1,000$0
INDEPENDENCE AMERICAN III, INC.AT COST$1$0
JBR-RKB, LLC - MEMBERSHIPAT COST$124,600$0
LIVINGSTON MANOR URBAN RENEWAL ASSOCIATESAT COST$1$0
MAJESTIC ASSOCIATESAT COST$160,800$681,400
PENNROSE AFFORDABLE HOUSING, INC.AT COST$16,800$0
PENNROSE PROPERTIES, INC (NJ)AT COST$1,022,725$3,385,108
PENNROSE PROPERTIES, INC (PA)AT COST$609,480$5,467,734
RAINDROP, LLCAT COST$5,083,998$619,877
RIVER STREET RENEWAL - SPECIAL LPAT COST$47,400$0
RIVIERA ASSOCIATES, LLCAT COST$1$0
UNIVERSAL COURT ASSOCIATES LPAT COST$1$0
VICTORY ASSOCIATESAT COST$668,400$2,950
WILSON PARK, LTD AND WILSONPARK INC.AT COST$916,900$2,467,786

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryADMINISTRATIVE LEGAL FEESCategoryTxt
Legal Fees$5,000LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$5,000DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK FEESDesc
Revenue And Expenses Per Books$23,988RevenueAndExpensesPerBooksAmt
Net Investment Income$23,988NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescINCENTIVE MANAGEMENT FEE INCOMEDesc
Revenue And Expenses Per Books$6,315RevenueAndExpensesPerBooksAmt
Net Investment Income$6,315NetInvestmentIncomeAmt
Adjusted Net Income$6,315AdjustedNetIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescDIFFERENCE BETWEEN COST AND FMV OF U.S. TREASURY BILL CONTRIBUTION RECEIVEDDesc
Amt$1,401Amt

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