2023-07-11T10:50:00-05:00 2022-08-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990PF 2021-09-01 271630253 THE JOHN B ROSENTHAL FOUNDATION JOHN 2128019230 821 OXFORD CREST VILLANOVA PA 19085 RICHARD A GOWER TREASURER 2128019230 2023-07-10 1 RICHARD GOWER 999009999 CHRISTOPHER PETERMANN P00097440 2122862600 2023-07-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X 44328278 X 25945822 9617 9617 8511 8511 0 6315 6315 25970265 24443 0 0 0 5000 0 5000 23988 23988 0 28988 23988 5000 521000 521000 549988 23988 526000 25420277 455 5000 123347 123347 31474 2076209 2076209 25000 0 0 25000 25000 9866108 20688849 20740481 0 12410855 21363241 9902582 35324260 44328278 0 0 X 0 0 0 0 9902582 35324260 9902582 35324260 9902582 35324260 9902582 25420277 1401 35324260 0 35324260 6 0 6 0 6 2375 0 0 0 2375 0 2369 2369 0 0 0 0 0 0 0 0 0 0 0 1 1 PA DE 1 0 0 1 0 1 N/A RICH GOWER 5702858005 C/O PENNROSE 230 WYOMING AVE KINGSTON PA 18704 0 0 0 0 0 0 0 0 1 2019 2018 1 1 0 0 0 0 0 0 0 0 0 0 0 0 LINDA NICKEY ROSENTHAL 821 OXFORD CREST VILLANOVA PA 19085 PRESIDENT 3.00 0 0 0 STEVEN P BERMAN 821 OXFORD CREST VILLANOVA PA 19085 SECRETARY 1.00 0 0 0 RICHARD A GOWER 821 OXFORD CREST VILLANOVA PA 19085 TREASURER 1.00 0 0 0 JOSEPH M REIBMAN 821 OXFORD CREST VILLANOVA PA 19085 DIRECTOR 1.00 0 0 0 NONE 0 NONE 0 0 11745889 929545 4922225 17597659 0 0 17597659 263965 17333694 866685 866685 6 6 866679 0 866679 0 866679 526000 0 526000 866679 499005 2019 2018 538867 0 526000 499005 26995 0 0 0 0 0 0 511872 0 511872 0 866679 0 0 0 X COMMUNITY PARTNERSHIP SCHOOL 3033 WEST GLENWOOD AVENUE PHILADELPHIA PA 19121 N/A PC GENERAL/NO RESTRICTIONS 150000 FRESH ARTISTS 4115 HAIN DRIVE LAFAYETTE HILL PA 19444 N/A PC GENERAL/NO RESTRICTIONS 15000 FRIENDS OF LAUREL HILL AND WEST LAUREL HILL CEMETERIES 3822 RIDGE AVENUE PHILADELPHIA PA 19132 N/A PC GENERAL/NO RESTRICTIONS 15000 MIGHTY WRITERS 12 EAST CHURCH LANE PHILADELPHIA PA 19144 N/A PC GENERAL/NO RESTRICTIONS 25000 PEOPLE'S EMERGENCY CENTER 325 NORTH 39TH STREET PHILADELPHIA PA 19104 N/A PC GENERAL/NO RESTRICTIONS 11000 PHILADELPHIA FUTURES 123 S BROAD ST SUITE 850 PHILADELPHIA PA 19109 N/A PC GENERAL/NO RESTRICTIONS 100000 PLAY ON PHILLY PO BOX 8662 PHILADELPHIA PA 19101 N/A PC GENERAL/NO RESTRICTIONS 35000 PROJECT HOME 1415 FAIRMOUNT AVENUE PHILADELPHIA PA 19130 N/A PC GENERAL/NO RESTRICTIONS 35000 SETTLEMENT MUSIC SCHOOL 416 QUEEN STREET PHILADELPHIA PA 19147 N/A PC GENERAL/NO RESTRICTIONS 20000 THE ED SNIDER YOUTH HOCKEY FOUNDATION 3601 SOUTH BROAD STREET PHILADELPHIA PA 19148 N/A PC GENERAL/NO RESTRICTIONS 75000 TREE HOUSE BOOKS 1430 WEST SUSQUEHANNA AVENUE PHILADELPHIA PA 19101 N/A PC GENERAL/NO RESTRICTIONS 40000 521000 0 14 9617 14 8511 01 6315 0 24443 0 24443 0 0 0 0 0 0 0 0 0 0 X X 1 ESTATE OF JOHN B ROSENTHAL C/O GADSEN SCHNEIDER WOODWARD LLP 1 WAYNE PA 190871571 6497956 X 2 ESTATE OF JOHN B ROSENTHAL C/O GADSEN SCHNEIDER WOODWARD LLP 1 WAYNE PA 190871571 6913980 X 3 ESTATE OF JOHN B ROSENTHAL C/O GADSEN SCHNEIDER WOODWARD LLP 1 WAYNE PA 190871571 25000 X 4 ESTATE OF JOHN B ROSENTHAL C/O GADSEN SCHNEIDER WOODWARD LLP 1 WAYNE PA 190871571 12508886 X 2 U.S. TREASURY BILL 6913980 2022-06-09 3 LOAN RECEIVABLE 25000 2022-06-09 4 PARTNERSHIP INTERESTS AND CLOSELY HELD CORPS. 12508886 2022-06-09 THE 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. UNDISTRIBUTED INCOME FORM 990-PF, PART XII ON 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. 20688849 20740481 0 0 2030, INC. AT COST 2920225 5696416 2030 FM, INC. AT COST 1 176721 BRENTWOOD PARKSIDE ASSOCIATES AT COST 1 0 CLARA BARTON ALF II, LP AT COST 495000 0 CLARA BARTON ALF, LLC AT COST 8600 0 CLARIDGE ASSOCIATES AT COST 27600 833750 DIAMOND PHASE II VENTURE AT COST 1 0 DORADO VENTURE AT COST 65700 52608 FORT LEE HOUSING, INC. AT COST 76312 118500 FOURTH STREET ASSOCIATES AT COST 164848 1355733 HANOVER OFFICE LIMITED PARTNERSHIP II AT COST 0 504658 INDEPENDENCE AMERICAN, INC. AT COST 460 0 INDEPENDENCE AMERICAN II, INC. AT COST 1000 0 INDEPENDENCE AMERICAN III, INC. AT COST 1 0 JBR-RKB, LLC - MEMBERSHIP AT COST 124600 0 LIVINGSTON MANOR URBAN RENEWAL ASSOCIATES AT COST 1 0 MAJESTIC ASSOCIATES AT COST 160800 681400 PENNROSE AFFORDABLE HOUSING, INC. AT COST 16800 0 PENNROSE PROPERTIES, INC (NJ) AT COST 1022725 3385108 PENNROSE PROPERTIES, INC (PA) AT COST 609480 5467734 RAINDROP, LLC AT COST 5083998 619877 RIVER STREET RENEWAL - SPECIAL LP AT COST 47400 0 RIVIERA ASSOCIATES, LLC AT COST 1 0 UNIVERSAL COURT ASSOCIATES LP AT COST 1 0 VICTORY ASSOCIATES AT COST 668400 2950 WILSON PARK, LTD AND WILSONPARK INC. AT COST 916900 2467786 ADMINISTRATIVE LEGAL FEES 5000 0 5000 BANK FEES 23988 23988 0 INCENTIVE MANAGEMENT FEE INCOME 6315 6315 6315 DIFFERENCE BETWEEN COST AND FMV OF U.S. TREASURY BILL CONTRIBUTION RECEIVED 1401