2023-07-11T10:50:13-05:00 2021-08-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990PF 2020-09-01 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 2020 2023-04-26 12:10:37Z X X 9902526 X X 758 758 8267 8267 0 9025 9025 0 0 0 4162 0 0 20189 20189 0 24351 20189 0 230000 230000 254351 20189 230000 -245326 0 5000 5000 206620 31474 31474 9941288 9866108 9866052 10147908 9902582 9902526 0 0 X 0 0 0 0 10147908 9902582 10147908 9902582 10147908 9902582 10147908 -245326 0 9902582 0 9902582 0 0 0 0 0 2500 0 0 0 2500 0 2500 2375 125 0 0 0 0 0 0 0 0 0 0 1 1 PA DE 1 0 0 0 0 1 N/A LINDA NICKEY ROSENTHAL 2128019230 821 OXFORD CREST VILLANOVA PA 19085 0 0 0 0 0 0 0 0 1 2019 2018 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 8220806 1911274 0 10132080 0 0 10132080 151981 9980099 499005 499005 0 499005 0 499005 0 499005 230000 0 230000 0 230000 499005 501409 2018 267458 0 230000 230000 0 0 0 0 0 0 0 267458 0 267458 271409 499005 0 0 0 X COMMUNITY PARTNERSHIP SCHOOL 3033 WEST GLENWOOD AVENUE PHILADELPHIA PA 19121 N/A PC GENERAL/NO RESTRICTIONS 40000 FRESH ARTISTS 4115 HAIN DRIVE LAFAYETTE HILL PA 19444 N/A PC GENERAL/NO RESTRICTIONS 10000 FRIENDS OF LAUREL HILL AND WEST LAUREL HILL CEMETERIES 3215 BELMONT AVENUE BALA CYNWYD PA 19004 N/A PC GENERAL/NO RESTRICTIONS 15000 MIGHTY WRITERS 1501 CHRISTIAN STREET PHILADELPHIA PA 19146 N/A PC GENERAL/NO RESTRICTIONS 25000 PHILADELPHIA FUTURES 123 S BROAD ST SUITE 850 PHILADELPHIA PA 19109 N/A PC GENERAL/NO RESTRICTIONS 30000 PROJECT HOME 1515 FAIRMOUNT AVENUE PHILADELPHIA PA 19130 N/A PC GENERAL/NO RESTRICTIONS 25000 SETTLEMENT MUSIC SCHOOL PO BOX 63966 PHILADELPHIA PA 19147 N/A PC GENERAL/NO RESTRICTIONS 40000 STEPPINGSTONE SCHOLARS 1301 CECIL B MOORE AVE PHILADELPHIA PA 19122 N/A PC GENERAL/NO RESTRICTIONS 30000 THE ED SNIDER YOUTH HOCKEY FOUNDATION 3601 SOUTH BROAD STREET PHILADELPHIA PA 19148 N/A PC GENERAL/NO RESTRICTIONS 15000 230000 0 14 758 14 8267 0 9025 0 9025 0 0 0 0 0 0 0 0 0 0 UNDISTRIBUTED INCOME FORM 990-PF, PART XIII 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 2020 TAX YEAR, WHICH RESULTED IN THE FOUNDATION HAVING PRIOR YEARS' UNDISTRIBUTED INCOME AS WELL AS UNDISTRIBUTED INCOME FOR 2019 AND 2020. REASONS FOR AMENDMENT FORM 990-PF THE 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. 9866108 9866052 0 0 BANK FEES 20189 20189 0 EXCISE TAX PAID 4162 0 0