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PENNIMAN FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
PENNIMAN FOUNDATION INC (EIN 38-1859967)
Tax period
2020-12-01 to 2021-11-30
Filed
2022-10-10
IRS object ID
202242839349100804
Schema version
2020v4.0
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)
Return2022-10-10T14:44:05-04:00ReturnTs
Tax Period End2021-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN383186775PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JANSEN VALK THOMPSON & REAHM PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17171 STADIUM DRAddressLine1Txt
CityKALAMAZOOCityNm
State AbbreviationMIStateAbbreviationCd
ZIP490094943ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN381859967EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PENNIMAN FOUNDATION INCBusinessNameLine1Txt
Business Name Line2C/O JOHN G PENNIMANBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPENNBusinessNameControlTxt
Phone9544150235PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12270 NE 26TH STREETAddressLine1Txt
CityLIGHTHOUSE POINTCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33064ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN G PENNIMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2022-10-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOHNPersonFirstNm
Person LastPENNIMANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRHONDA L NEWMANPreparerPersonNm
PTINP00047726PTIN
Phone2693817600PhoneNum
Preparation2022-10-09PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$645,955FMVAssetsEOYAmt
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$52InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$52InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$22,272DividendsRevAndExpnssAmt
Dividends Net Invst Incm$22,272DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$2,866NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$8,416GrossSalesPriceAmt
Other Income Rev And Expnss$2,280OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$2,280OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$21,738TotalRevAndExpnssAmt
Total Net Invst Incm$24,604TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,200AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,100AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,100AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$20TaxesRevAndExpnssAmt
Taxes Net Invst Incm$20TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$35OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$35OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,255TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,155TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,100TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$21,050ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$21,050ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$23,305TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,155TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$22,150TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,567ExcessRevenueOverExpensesAmt
Net Investment Income$23,449NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$50,770SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$40,064SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$40,064SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$306,808CorporateStockBOYAmt
Corporate Stock EOY$315,750CorporateStockEOYAmt
Corporate Stock EOYFMV$533,039CorporateStockEOYFMVAmt
Other Investments BOY$1,702OtherInvestmentsBOYAmt
Other Investments EOYFMV$72,852OtherInvestmentsEOYFMVAmt
Total Assets BOY$359,280TotalAssetsBOYAmt
Total Assets EOY$355,814TotalAssetsEOYAmt
Total Assets EOYFMV$645,955TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$359,280RetainedEarningBOYAmt
Retained Earning EOY$355,814RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$359,280TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$355,814TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$359,280TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$355,814TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$359,280TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,567ExcessRevenueOverExpensesAmt
Subtotal$357,713SubtotalAmt
Other Decreases$1,899OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$355,814TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
AT&T INCP$8,296$9,419-$1,123-$1,123
CBL & ASSOCP$24$1,821-$1,797-$1,797
ALLIANCE BERNSTEINP$96$96$96
ENTERPRISE PRODUCTS PARTNERSP$42-$42-$42
FieldValueIRS element (for citing)
Capital Gain Net Income-$2,866CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$326InvestmentIncomeExciseTaxAmt
Subtotal$326SubtotalAmt
Tax Based On Investment Income$326TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$881EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$881TotalPaymentsAndCreditsAmt
Overpayment$555OverpaymentAmt
Applied To ES Tax$555AppliedToESTaxAmt

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 StateMIOrgReportOrRegisterStateCd
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
Individual With BooksJOHN G PENNIMANIndividualWithBooksNm
Phone9544150235PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12270 NE 26TH STREETAddressLine1Txt
CityLIGHTHOUSE POINTCityNm
State AbbreviationFLStateAbbreviationCd
ZIP330648349ZIPCd
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
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JOHN G PENNIMAN
2270 NE 26TH STREETLIGHTHOUSE POINTFL33064PRESIDENT1.00$0$0$0
JANE M GRINNEY
2270 NE 26TH STLIGHTHOUSE POINTFL33064DIRECTOR1.00$0$0$0
KIMBERLY S PENNIMAN
2270 NE 26TH STREETLIGHTHOUSE POINTFL33064DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$587,091AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$42,516AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$629,607TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$629,607AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,444CashDeemedCharitableAmt
Net Vl Noncharitable Assets$620,163NetVlNoncharitableAssetsAmt
Minimum Investment Return$31,008MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$31,008MinimumInvestmentReturnAmt
Tax Based On Investment Income$326TaxBasedOnInvestmentIncomeAmt
Total Tax$326TotalTaxAmt
Distributable Before Adj$30,682DistributableBeforeAdjAmt
Distributable Before Ded$30,682DistributableBeforeDedAmt
Distributable As Adjusted$30,682DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$22,150ExpensesAndContributionsAmt
Qualifying Distributions$22,150QualifyingDistributionsAmt
Adjusted Qualifying Distri$22,150AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$30,682DistributableAsAdjustedAmt
Undistributed Income PY$18,067UndistributedIncomePYAmt
Qualifying Distributions$22,150QualifyingDistributionsAmt
Applied To Year1$18,067AppliedToYear1Amt
Applied To Current Year$4,083AppliedToCurrentYearAmt
Undistributed Income CY$26,599UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
BOCA RATON COMM HOSPITAL FOUNDATION
745 MEADOWS ROADBOCA RATONFL33486NONEPUBLICGENERAL FUNDS$4,100
CATO INSTITUTE
1000 MASSACHUSETTS AVEWASHINGTONDC200015403NONEPUBLICGENERAL FUNDS$1,000NW
DAVE MILLER MEMORIAL FUND
C/O ST THOMAS AQUINAS HSFORT LAUDERDALEFL33312NONEPUBLICSCHOLARSHIPS$2502801 SW 12TH ST
FISHER HOUSE FOUNDATION
111 ROCKVILLE PIKEROCKVILLEMD20850NONEPUBLICGENERAL FUNDS$2,500STE 420
PROVIDENCE ST JOSEPH'S FDN
501 S BUENA VISTA STBURBANKCA91505NONEPUBLICGENERAL FUNDS$10,000
SOS FOUNDATION
5640 MALONEY AVEKEY WESTFL33040NONEPUBLICSCHOLARSHIPS$1,000
MAYO CLINIC
5777 E MAYO BLVDPHOENIXAZ85054NONEPUBLICGENERAL FUNDS$1,000
ELS FOR AUTISM
18370 LIMESTONE CREEK RDJUPITERFL33458NONEPUBLICGENERAL FUNDS$250
4 KIDS OF SOUTH FLORIDA
2717 W CYPRESS CREEK RDFORT LAUDERDALEFL33309NONEPUBLICGENERAL FUNDS$250
CATHOLIC HOSPICE INC
14875 NW 77TH AVE 100HIALEAHFL33014NONEPUBLICGENERAL FUNDS$500
NATL ALLIANCE TO END HOMELESSNESS
1518 K STREET NW 2ND FLRWASHINGTONDC20005NONEPUBLICGENERAL FUNDS$200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$21,050TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$52ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$22,272ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,280ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$2,866ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$21,738ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$21,738TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,200Amt
Net Investment Income$1,100NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,100DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ALEXANDERS INC$6,259$25,559
CBL & ASSOC PPTYS INC
FIDELITY - FIXED INCOME ETPS$8,315$8,564
VORNADO RLTY TR$6,911$4,014
HEALTHPEAK PPTYS$9,518$9,858
FIDELITY - STOCKS$267,293$462,544
FIDELITY - EQUITY ETPS$11,489$15,708
REALTY INCOME CORP COM$5,965$6,792

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdEOYFMVEOYFMVAmt
2000 SHS ENTERPRISE PRODS PARTNERS LAT COST$42,780
600 SHS ALLIANCEBERNSTEIN LPAT COST$30,072

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (3 entries)

DescDescAmtAmt
NONDEDUCTIBLE EXPENSES PER ALLIANCE K-1$240
COST BASIS ADJUSTMENTS$607
TIMING DIFFERENCES ON K-1$1,052

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
ALLIANCEBERNSTEIN HOLDING LP$28$28
ENTERPRISE ENERGY$7$7

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
ALLIANCEBERNSTEIN HOLDINGS LP$987$987
ENTERPRISE PRODUCTS PARTNERS$1,293$1,293

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryMI FILING FEESCategoryTxt
Amt$20Amt
Net Investment Income$20NetInvestmentIncomeAmt

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