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THE NORIN FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE NORIN FOUNDATION (EIN 47-5203575)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-04-25
IRS object ID
202541159349101804
Schema version
2024v5.1
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)
Return2025-04-25T08:09:09-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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 NORINPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8008391754PhoneNum
Signature2025-04-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$196,140FMVAssetsEOYAmt
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$3,315InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,315InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$2,364DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,364DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$6,801NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$34,335GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$6,801CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$12,480TotalRevAndExpnssAmt
Total Net Invst Incm$12,480TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$1,209OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,209OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$115TaxesRevAndExpnssAmt
Taxes Net Invst Incm$15TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$8,029OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$175OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$7,854OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$9,353TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,399TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,854TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$9,200ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$9,200ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$18,553TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,399TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$17,054TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$6,073ExcessRevenueOverExpensesAmt
Net Investment Income$11,081NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$79,083SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$65,980SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$65,980SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$100,050CorporateStockBOYAmt
Corporate Stock EOY$107,080CorporateStockEOYAmt
Corporate Stock EOYFMV$130,160CorporateStockEOYFMVAmt
Total Assets BOY$179,133TotalAssetsBOYAmt
Total Assets EOY$173,060TotalAssetsEOYAmt
Total Assets EOYFMV$196,140TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$179,133RetainedEarningBOYAmt
Retained Earning EOY$173,060RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$179,133TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$173,060TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$179,133TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$173,060TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$179,133TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$6,073ExcessRevenueOverExpensesAmt
Subtotal$173,060SubtotalAmt
Tot Net Ast Or Fund Balances EOY$173,060TotNetAstOrFundBalancesEOYAmt

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$34,335GrossSalesPriceAmt
Cost Or Other Basis$27,534CostOrOtherBasisAmt
Gain Or Loss$6,801GainOrLossAmt
Gains Minus Excess Or Losses$6,801GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$6,801CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$154InvestmentIncomeExciseTaxAmt
Subtotal$154SubtotalAmt
Tax Based On Investment Income$154TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$97EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$97TotalPaymentsAndCreditsAmt
Tax Due$57TaxDueAmt

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 AbbreviationCTStateAbbreviationCd
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$121,452AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$76,418AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$197,870TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$197,870AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,968CashDeemedCharitableAmt
Net Vl Noncharitable Assets$194,902NetVlNoncharitableAssetsAmt
Minimum Investment Return$9,745MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$9,745MinimumInvestmentReturnAmt
Tax Based On Investment Income$154TaxBasedOnInvestmentIncomeAmt
Total Tax$154TotalTaxAmt
Distributable Before Adj$9,591DistributableBeforeAdjAmt
Distributable Before Ded$9,591DistributableBeforeDedAmt
Distributable As Adjusted$9,591DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$17,054ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$17,054QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,591DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$618ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$4,739ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$1,461ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$6,818TotalExcessDistributionCyovAmt
Qualifying Distributions$17,054QualifyingDistributionsAmt
Applied To Current Year$9,591AppliedToCurrentYearAmt
Remaining Distri From Corpus$7,463RemainingDistriFromCorpusAmt
Total Corpus$14,281TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$14,281ExcessDistriCyovToNextYrAmt
Excess From Year4$618ExcessFromYear4Amt
Excess From Year3$4,739ExcessFromYear3Amt
Excess From Year1$1,461ExcessFromYear1Amt
Excess From Current Year$7,463ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ARAPAHOE RESCUE PATROL INC
5852 S MALAYA CTCENTENNIALCO80015N/APCGeneral & Unrestricted$6,000
UNIVERSITY OF VIRGINIA ALUMNI ASSOCIATION
PO BOX 400314CHARLOTTESVILLEVA22904N/APCA Home for Every Hoo campaign fund$3,200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$9,200TotalGrantOrContriPdDurYrAmt

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$3,315ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,364ExclusionAmt
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$6,801ExclusionAmt
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$12,480ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$12,480TotalIncomeProducingActyAmt

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 (33 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ABBOTT LABS$3,918$4,185
ABBVIE INC$2,378$2,843
ACCENTURE PLC$2,670$2,814
AMERICAN EXPRESS CO$2,869$3,561
ANALOG DEVICES INC$3,082$3,399
AUTOMATIC DATA PROCESSING INC$3,192$4,098
BLACKROCK INC$3,211$4,100
BROADCOM INC$5,447$10,665
CHUBB LIMITED$2,306$3,039
EATON CORP PLC$1,127$996
EXXON MOBIL CORP$2,058$2,151
HOME DEPOT INC$4,271$5,057
JOHNSON & JOHNSON$3,908$3,326
JP MORGAN CHASE$3,800$5,753
KLA TENCOR CORP$1,279$1,260
LINDE PLC COM$2,662$2,931
MARSH AND MCLENNAN COMPANIES I$2,323$2,549
MCDONALD'S CORP$2,399$2,609
MICROSOFT CORP$11,540$15,174
MORGAN STANLEY$2,762$3,772
NEXTERA ENERGY, INC$3,349$3,513
ORACLE CORP$2,931$4,833
PHILLIPS 66$2,639$2,393
PROCTER GAMBLE CO$2,446$2,850
PROLOGIS$4,233$3,594
REPUBLIC SVCS INC$945$1,207
TAIWAN SEMICONDUCTOR MFG CO LT$3,316$6,320
TEXAS INSTRUMENTS INC$3,470$3,188
THE COCA-COLA CO$3,189$3,300
TJX COMPANIES INC$3,793$4,349
TRANE TECHNOLOGIES PLC$1,784$2,585
UNION PACIFIC$3,198$3,193
UNITEDHEALTH GROUP INC$4,585$4,553

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Administrative Fees$7,829$7,829
Bank Charges$175$175
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$1,209Amt
Net Investment Income$1,209NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
990-PF Extension for 2023$100
Foreign Tax Paid$15$15

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