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PENNIMAN FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
PENNIMAN FOUNDATION INC (EIN 38-1859967)
Tax period
2023-12-01 to 2024-11-30
Filed
2025-10-06
IRS object ID
202512799349100901
Schema version
2023v6.0
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)
Return2025-10-06T08:04:04-05:00ReturnTs
Tax Period End2024-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN381910111PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1UHY ADVISORS GREAT LAKES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17171 STADIUM DRIVEAddressLine1Txt
CityKALAMAZOOCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49009ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-12-01TaxPeriodBeginDt

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 PENNIMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9544150235PhoneNum
Signature2025-10-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRHONDA L NEWMANPreparerPersonNm
PTINP00047726PTIN
Phone2693817600PhoneNum
Preparation2025-10-03PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$817,554FMVAssetsEOYAmt
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$26,767DividendsRevAndExpnssAmt
Dividends Net Invst Incm$26,767DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$95NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$403GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$4,526OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$4,526OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$31,198TotalRevAndExpnssAmt
Total Net Invst Incm$31,293TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,000AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,000AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$1OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,001TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,001TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,000TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$40,200ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$40,200ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$42,201TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,001TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$41,200TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$11,003ExcessRevenueOverExpensesAmt
Net Investment Income$30,292NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$38,603SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$16,937SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$16,937SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$330,374CorporateStockBOYAmt
Corporate Stock EOY$341,475CorporateStockEOYAmt
Corporate Stock EOYFMV$746,043CorporateStockEOYFMVAmt
Other Investments BOY$30,907OtherInvestmentsBOYAmt
Other Investments EOY$30,830OtherInvestmentsEOYAmt
Other Investments EOYFMV$54,574OtherInvestmentsEOYFMVAmt
Total Assets BOY$399,884TotalAssetsBOYAmt
Total Assets EOY$389,242TotalAssetsEOYAmt
Total Assets EOYFMV$817,554TotalAssetsEOYFMVAmt
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$399,884RetainedEarningBOYAmt
Retained Earning EOY$389,242RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$399,884TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$389,242TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$399,884TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$389,242TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$399,884TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$11,003ExcessRevenueOverExpensesAmt
Other Increases$372OtherIncreasesAmt
Subtotal$389,253SubtotalAmt
Other Decreases$11OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$389,242TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmt
ENTERPRISE PRODUCTS PARTNERS-$2-$2
FIDELITY INVESTMENT-LT SALES-$93-$93$403$496
FieldValueIRS element (for citing)
Capital Gain Net Income-$95CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$421InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$421SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$421TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$185EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$800ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$985TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$564OverpaymentAmt
Applied To ES Tax$564AppliedToESTaxAmt
Refund$0RefundAmt

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 StateMIOrgReportOrRegisterStateCd
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 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 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 PY0UndistributedIncomePYInd
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 (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 STREETLIGHTHOUSE 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
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$713,873AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$34,313AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$748,186TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$748,186AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,223CashDeemedCharitableAmt
Net Vl Noncharitable Assets$736,963NetVlNoncharitableAssetsAmt
Minimum Investment Return$36,848MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$36,848MinimumInvestmentReturnAmt
Tax Based On Investment Income$421TaxBasedOnInvestmentIncomeAmt
Total Tax$421TotalTaxAmt
Distributable Before Adj$36,427DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$36,427DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$36,427DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$41,200ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$41,200QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$36,427DistributableAsAdjustedAmt
Undistributed Income PY$33,282UndistributedIncomePYAmt
Prior Year12021PriorYear1Yr
Total For Prior Years$5,639TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$41,200QualifyingDistributionsAmt
Applied To Year1$33,282AppliedToYear1Amt
Applied To Prior Years$5,639AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$2,279AppliedToCurrentYearAmt
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$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$34,148UndistributedIncomeCYAmt
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 (16 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ASHEVILLE SCHOOL
360 ASHEVILLE SCHOOL ROADASHEVILLENC28806NONEPCGENERAL FUNDS$1,000
BOCA RATON REGIONAL HOSPITAL FOUNDATION
800 MEADOWS ROADBOCA RATONFL33486NONEPCGENERAL FUNDS$5,000
CATO INSTITUTE
1000 MASSACHUSETTS AVEWASHINGTONDC200015403NONEPCGENERAL FUNDS$1,500
DAVE MILLER MEMORIAL FUND
C/O ST THOMAS AQUINAS HSFORT LAUDERDALEFL33312NONEPCSCHOLARSHIPS$500
FISHER HOUSE FOUNDATION
111 ROCKVILLE PIKEROCKVILLEMD20850NONEPCGENERAL FUNDS$3,000
FSGA FOUNDATION
12630 TELECOM DRTAMPAFL33637NONEPCGENERAL FUNDS$1,000
HEARTS WITH HANDS ASHEVILLE NC
850 WARREN WILSON RDSWANNANOANC28778NONEPCGENERAL FUNDS$2,000
KENT DENVER FUND
4000 E QUINCY AVEENGLEWOODCO80113NONEPCGENERAL FUNDS$1,000
MAYO CLINIC
5777 E MAYO BLVDPHOENIXAZ85054NONEPCGENERAL FUNDS$5,000
PARK NICOLLET FOUNDATION
6500 EXCELSIOR BLVDST LOUIS PARKMN55426NONEPCGENERAL FUNDS$500
PROVIDENCE ST JOSEPH'S FOUNDATION
501 S BUENA VISTA STBURBANKCA91505NONEPCGENERAL FUNDS$10,000
SOS FOUNDATION
5640 MALONEY AVEKEY WESTFL33040NONEPCSCHOLARSHIPS$1,000
ST FRANCIS REFLECTIONS
1240 GRUMMAN PLACETITUSVILLEFL32780NONEPCGENERAL FUNDS$200
TUNNEL TO TOWERS FOUNDATION
2361 HYLAND BLVDSTATEN ISLANDNY10306NONEPCGENERAL FUNDS$500
UNITED WAY OF ASHEVILLE BUNCOMBE COUNTY
50 S FRENCH BROAD AVEASHEVILLENC28801NONEPCGENERAL FUNDS$3,000
UNIVERSITY OF MICHIGAN ANNUAL FUND
3003 S STATE STANN ARBORMI48109NONEPCGENERAL FUNDS$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$40,200TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$26,767ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,526ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$95ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$31,198ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$31,198TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,000Amt
Net Investment Income$1,000NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,000DisbursementsCharitablePrpsAmt

Applied To Prior Year Election AppliedToPriorYearElection

FieldValueIRS element (for citing)
ElectionPURSUANT TO IRS SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2), THE PENNIMAN FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF UNDISTRIBUTED INCOME FROM TAX YEAR 2021 (YEAR ENDED NOVEMBER 30, 2022) IN THE AMOUNT OF $5,639.ElectionDesc

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
FIDELITY - FIXED INCOME ETPS$15,455$16,008
FIDELITY - STOCKS$300,213$694,174
FIDELITY - EQUITY ETPS$16,162$25,976
FIDELITY - OTHER ETPS$9,645$9,885

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemFIDELITY - OTHER INVESTMENTSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$30,830BookValueAmt
EOYFMV$54,574EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescNONDEDUCTIBLE EXPENSES PER AB AND EPP K-1SDesc
Amt$11Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescEPP LP OTHERDesc
Revenue And Expenses Per Books$1RevenueAndExpensesPerBooksAmt
Net Investment Income$1NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescEPP LPDesc
Revenue And Expenses Per Books$4,526RevenueAndExpensesPerBooksAmt
Net Investment Income$4,526NetInvestmentIncomeAmt
Adjusted Net Income$4,526AdjustedNetIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
COST BASIS ADJUSTMENTS$280
TIMING DIFFERENCES ON K-1$92

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