HANLEY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
HANLEY FOUNDATION (EIN 20-7184189)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-13
IRS object ID
202541339349103804
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)
Return2025-05-13T12:40:38-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN161152552PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Piaker & Lyons PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 1330AddressLine1Txt
CityBinghamtonCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13902ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN207184189EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE HANLEY FOUNDATIONBusinessNameLine1Txt
Business Name Line2CO SUE HANLEYBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlHANLBusinessNameControlTxt
Phone4136260278PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1261 LEVERETT ROADAddressLine1Txt
CityAMHERSTCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01002ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSUE HANLEYPersonNm
Person TitleTrusteePersonTitleTxt
Signature2025-05-08SignatureDt
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 PersonThomas F ShanahanPreparerPersonNm
PTINP01048651PTIN
Phone6077299373PhoneNum
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$5,374,131FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$78,666DividendsRevAndExpnssAmt
Dividends Net Invst Incm$78,666DividendsNetInvstIncmAmt
Dividends Adj Net Incm$78,666DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$47,617NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$176,822GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$47,617CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$126,283TotalRevAndExpnssAmt
Total Net Invst Incm$126,283TotalNetInvstIncmAmt
Total Adj Net Incm$78,666TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,500AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,500AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$1,171TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$1,171TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$50OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$50OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,721TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,721TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$239,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$239,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$242,221TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$242,221TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$115,938ExcessRevenueOverExpensesAmt
Net Investment Income$126,283NetInvestmentIncomeAmt
Adjusted Net Income$78,666AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$31,534CashBOYAmt
Cash EOY$45,171CashEOYAmt
Cash EOYFMV$45,171CashEOYFMVAmt
Sav And Temp Cash Invst BOY$15,276SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$14,906SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$14,906SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$3,326,222CorporateStockBOYAmt
Corporate Stock EOY$3,197,017CorporateStockEOYAmt
Corporate Stock EOYFMV$5,314,054CorporateStockEOYFMVAmt
Total Assets BOY$3,373,032TotalAssetsBOYAmt
Total Assets EOY$3,257,094TotalAssetsEOYAmt
Total Assets EOYFMV$5,374,131TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$3,373,032CapitalStockBOYAmt
Capital Stock EOY$3,257,094CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$3,373,032TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,257,094TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,373,032TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,257,094TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,373,032TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$115,938ExcessRevenueOverExpensesAmt
Subtotal$3,257,094SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,257,094TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
How AcquiredDHowAcquiredCd
Acquired2000-01-01AcquiredDt
Sold2024-12-31SoldDt
Gross Sales Price$176,822GrossSalesPriceAmt
Cost Or Other Basis$129,205CostOrOtherBasisAmt
Gain Or Loss$47,617GainOrLossAmt
Gains Minus Excess Or Losses$47,617GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$47,617CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,755InvestmentIncomeExciseTaxAmt
Subtotal$1,755SubtotalAmt
Tax Based On Investment Income$1,755TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$63EsPenaltyAmt
Tax Due$1,818TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
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
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Sue HanleyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4136260278PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1261 LEVERETT ROADAddressLine1Txt
CityAmherstCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01002ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
ROBERT W HANLEY
500 kings placeNEWPORT BEACHCA92663Trustee0.00$0
THOMAS HANLEY
1529 scotch ridge roadSCHENECTADYNY12306Trustee0.00$0
KATHY ILES
1735 HOLMES RDBOONEVILLENY13309Trustee0.00$0
SUE HANLEY
261 LEVERETT ROADAMHERSTMA01002Trustee0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$5,124,911AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$67,044AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,191,955TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$5,191,955AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$77,879CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,114,076NetVlNoncharitableAssetsAmt
Minimum Investment Return$255,704MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$255,704MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,755TaxBasedOnInvestmentIncomeAmt
Total Tax$1,755TotalTaxAmt
Distributable Before Adj$253,949DistributableBeforeAdjAmt
Distributable Before Ded$253,949DistributableBeforeDedAmt
Distributable As Adjusted$253,949DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$242,221ExpensesAndContributionsAmt
Qualifying Distributions$242,221QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$253,949DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$4,616ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$4,323ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$16,401ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$61,429ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$86,769TotalExcessDistributionCyovAmt
Qualifying Distributions$242,221QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$242,221AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$11,728ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$11,728ExcessDistributionCyovAppCYAmt
Total Corpus$75,041TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$75,041ExcessDistriCyovToNextYrAmt
Excess From Year3$13,612ExcessFromYear3Amt
Excess From Year2$61,429ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerROBERT W HANLEYContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE ATTACHED LISTRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1261 LEVERETT ROADAddressLine1Txt
CityAMHERSTCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01002ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeGEN CHARITABLEGrantOrContributionPurposeTxt
Amt$239,500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$239,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$78,666ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$47,617ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$126,283ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$126,283TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryPIAKER & LYONS, P.C.CategoryTxt
Amt$1,500Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,500DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
6189 SH SPDR S&P 500 ETF TRUST$1,566,366$3,627,249
1700 SH ABBVIE INC$163,584$249,669
1400 SH APPLE INC$185,386$309,269
1850 SH APPLIED MATERIALS INC$189,243$219,551
4800 SH CISCO SYSTEMS INC$273,984$284,160
7600 SH INTEL CORP$376,732$152,380
495 SH ISHARES S&P 100$105,306$142,981
1270 SH JOHNSON & JOHNSON$209,525$183,667
1035 SH PAYCHEX INC$126,891$145,128

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescPostageDesc
Revenue And Expenses Per Books$50RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$50DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryUS TREASURYCategoryTxt
Amt$1,171Amt
Disbursements Charitable Prps$1,171DisbursementsCharitablePrpsAmt

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