BETA

JOHN B ROSENTHAL FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
JOHN B ROSENTHAL FOUNDATION (EIN 27-1630253)
Tax period
2020-09-01 to 2021-08-31
Filed
2023-07-11
IRS object ID
202331929349100808
Schema version
2020v4.2
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)
Return2023-07-11T10:50:13-05:00ReturnTs
Tax Period End2021-08-31TaxPeriodEndDt

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 Begin2020-09-01TaxPeriodBeginDt

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)
Tax2020TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Amended ReturnYes (X)AmendedReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,902,526FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$758InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$758InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$8,267DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,267DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$9,025TotalRevAndExpnssAmt
Total Net Invst Incm$9,025TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Taxes Rev And Expnss$4,162TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$20,189OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$20,189OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$24,351TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$20,189TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$230,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$230,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$254,351TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$20,189TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$230,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$245,326ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$5,000CashEOYAmt
Cash EOYFMV$5,000CashEOYFMVAmt
Sav And Temp Cash Invst BOY$206,620SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$31,474SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$31,474SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$9,941,288USGovernmentObligationsBOYAmt
US Government Obligations EOY$9,866,108USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$9,866,052USGovtObligationsEOYFMVAmt
Total Assets BOY$10,147,908TotalAssetsBOYAmt
Total Assets EOY$9,902,582TotalAssetsEOYAmt
Total Assets EOYFMV$9,902,526TotalAssetsEOYFMVAmt
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$10,147,908RetainedEarningBOYAmt
Retained Earning EOY$9,902,582RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$10,147,908TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$9,902,582TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$10,147,908TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$9,902,582TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$10,147,908TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$245,326ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$9,902,582SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$9,902,582TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$0SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,500EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$2,500TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$2,500OverpaymentAmt
Applied To ES Tax$2,375AppliedToESTaxAmt
Refund$125RefundAmt

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 Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksLINDA NICKEY ROSENTHALIndividualWithBooksNm
Phone2128019230PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1821 OXFORD CRESTAddressLine1Txt
CityVILLANOVACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19085ZIPCd
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 Holdings0BusinessHoldingsInd
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$8,220,806AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,911,274AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$10,132,080TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$10,132,080AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$151,981CashDeemedCharitableAmt
Net Vl Noncharitable Assets$9,980,099NetVlNoncharitableAssetsAmt
Minimum Investment Return$499,005MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$499,005MinimumInvestmentReturnAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$499,005DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$499,005DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$499,005DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$230,000ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$230,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$230,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$499,005DistributableAsAdjustedAmt
Undistributed Income PY$501,409UndistributedIncomePYAmt
Prior Year12018PriorYear1Yr
Total For Prior Years$267,458TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$230,000QualifyingDistributionsAmt
Applied To Year1$230,000AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
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$267,458PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$267,458Taxable1Amt
Taxable2$271,409Taxable2Amt
Undistributed Income CY$499,005UndistributedIncomeCYAmt
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 (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
COMMUNITY PARTNERSHIP SCHOOL
3033 WEST GLENWOOD AVENUEPHILADELPHIAPA19121N/APCGENERAL/NO RESTRICTIONS$40,000
FRESH ARTISTS
4115 HAIN DRIVELAFAYETTE HILLPA19444N/APCGENERAL/NO RESTRICTIONS$10,000
FRIENDS OF LAUREL HILL AND WEST LAUREL HILL CEMETERIES
3215 BELMONT AVENUEBALA CYNWYDPA19004N/APCGENERAL/NO RESTRICTIONS$15,000
MIGHTY WRITERS
1501 CHRISTIAN STREETPHILADELPHIAPA19146N/APCGENERAL/NO RESTRICTIONS$25,000
PHILADELPHIA FUTURES
123 S BROAD ST SUITE 850PHILADELPHIAPA19109N/APCGENERAL/NO RESTRICTIONS$30,000
PROJECT HOME
1515 FAIRMOUNT AVENUEPHILADELPHIAPA19130N/APCGENERAL/NO RESTRICTIONS$25,000
SETTLEMENT MUSIC SCHOOL
PO BOX 63966PHILADELPHIAPA19147N/APCGENERAL/NO RESTRICTIONS$40,000
STEPPINGSTONE SCHOLARS
1301 CECIL B MOORE AVEPHILADELPHIAPA19122N/APCGENERAL/NO RESTRICTIONS$30,000
THE ED SNIDER YOUTH HOCKEY FOUNDATION
3601 SOUTH BROAD STREETPHILADELPHIAPA19148N/APCGENERAL/NO RESTRICTIONS$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$230,000TotalGrantOrContriPdDurYrAmt
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$758ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,267ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$9,025ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,025TotalIncomeProducingActyAmt

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

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (2 entries)

IdentifierIdentifierTxtForm And Line ReferenceFormAndLineReferenceDescMedium ExplanationMediumExplanationTxt
UNDISTRIBUTED INCOMEFORM 990-PF, PART XIIION 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 2020 TAX YEAR, WHICH RESULTED IN THE FOUNDATION HAVING PRIOR YEARS' UNDISTRIBUTED INCOME AS WELL AS UNDISTRIBUTED INCOME FOR 2019 AND 2020.
REASONS FOR AMENDMENTFORM 990-PFTHE JOHN B ROSENTHAL FOUNDATION (THE "FOUNDATION") HAS HIRED A CPA FIRM WITH EXPERTISE IN PRIVATE FOUNDATION TAX. AS A RESULT, THE FOUNDATION IS AMENDING THE FISCAL YEAR ENDED AUGUST 31, 2021, FORM 990-PF TO MAKE THE FOLLOWING CORRECTIONS:PART I, COLUMN C NOW INDICATES "N/A" SINCE THE FOUNDATION IS NOT AN OPERATING FOUNDATION AND HAS ZERO INCOME FROM DIRECT CHARITABLE ACTIVITIES.PART I, LINE 18, EXCISE TAX PAID REFLECTED IN COLUMN A ONLY AND REMOVED FROM COLUMN C. PART I, LINE 23, BANK FEES WERE PROPERLY REFLECTED IN COLUMN B AND REMOVED FROM COLUMN C.PART II, RECLASSED CASH AND CASH EQUIVALENTS TO LINES 1 AND 2 AND U.S. GOVERMENT OBLIGATIONS TO LINE 10A FROM LINE 13.PART VI, LINES 1, 3 AND 5 ADJUSTED TO ZERO TO AGREE WITH PART 1 CHANGES TO COLUMN B, NET INVESTMENT INCOME.PART VIII, LINE 1, BOARD LIST WAS UPDATED TO USE FOUNDATION ADDRESS FOR BOARD MEMBERS.PART X, LINES 1A AND 1B WERE CORRECTED AND AS A RESULT, PART XI, DISTRIBUTABLE AMOUNT, WAS RE-CALCULATED. PART XI, LINE 2A IS ZERO TO AGREE TO PART VI.PART XII, QUALIFYING DISTRIBUTIONS WERE CORRECTED TO REFLECT PART I COLUMN D CHANGES.PART XIII, LINE 1 CHANGED TO AGREE TO PART XI DISTRIBUTABLE AMOUNT. LINE 2A CHANGED TO REFLECT AMENDED AMOUNT FROM PRIOR YEAR AMENDED 990-PF. LINE 2B CHANGED TO AGREE TO UNDISTRIBUTED INCOME FROM 2018 AS AMENDED. LINE 4 CHANGED TO REFLECT THE QUALIFYING DISTRIBUTIONS. AS A RESULT, LINES 6B, 6D, 6E AND 6F CHANGED.THE STATEMENTS ATTACHED TO RETURN WERE CORRECTED TO AGREE TO ABOVE MENTIONED CHANGES THROUGHOUT THE RETURN.

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$9,866,108USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$9,866,052USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY$0StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV$0StateLocalSecEOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK FEESDesc
Revenue And Expenses Per Books$20,189RevenueAndExpensesPerBooksAmt
Net Investment Income$20,189NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAX PAIDCategoryTxt
Amt$4,162Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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