CONWAY FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
CONWAY FOUNDATION INC (EIN 13-3392387)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-08-07
IRS object ID
201502199349100510
Schema version
2014v5.0
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)
Return2015-08-07T10:43:33-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN203876835PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ROBERT RICH COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line114 PENNSYLVANIA PLAZA STE 2116AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10122ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133392387EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CONWAY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCONWBusinessNameControlTxt
Phone2128085141PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1101 PARK AVENUEAddressLine1Txt
Address Line2ROOM/SUITE 30 FLAddressLine2Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10178ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonE VIRGIL CONWAYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2128085141PhoneNum
Signature2015-06-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT E RICHPreparerPersonNm
PTINP00282140PTIN
Phone2122169600PhoneNum
Preparation2015-06-11PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$933,467FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$25,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$27,881DividendsRevAndExpnssAmt
Dividends Net Invst Incm$27,881DividendsNetInvstIncmAmt
Total Rev And Expnss$52,881TotalRevAndExpnssAmt
Total Net Invst Incm$27,881TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,021AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,021AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$3,021AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$3,021AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$1,129TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,129TaxesNetInvstIncmAmt
Taxes Adj Net Incm$1,129TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$1,129TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$250OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$250OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$250OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$250OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$4,400TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,400TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$4,400TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,400TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$31,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$31,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$35,900TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,400TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$4,400TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$35,900TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$16,981ExcessRevenueOverExpensesAmt
Net Investment Income$23,481NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,084CashBOYAmt
Cash EOY$2,753CashEOYAmt
Cash EOYFMV$2,753CashEOYFMVAmt
Sav And Temp Cash Invst BOY$9,360SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$27,672SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$27,672SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$747,300CorporateStockBOYAmt
Corporate Stock EOY$747,300CorporateStockEOYAmt
Corporate Stock EOYFMV$903,042CorporateStockEOYFMVAmt
Total Assets BOY$760,744TotalAssetsBOYAmt
Total Assets EOY$777,725TotalAssetsEOYAmt
Total Assets EOYFMV$933,467TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$760,744UnrestrictedBOYAmt
Unrestricted EOY$777,725UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$760,744TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$777,725TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$760,744TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$777,725TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$760,744TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$16,981ExcessRevenueOverExpensesAmt
Subtotal$777,725SubtotalAmt
Tot Net Ast Or Fund Balances EOY$777,725TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$37,368AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets$849,799NetVlNoncharitableAssetsAmt
Net Investment Income Pct$235NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$235AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$35,900QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$235InvestmentIncomeExciseTaxAmt
Subtotal$235SubtotalAmt
Tax Based On Investment Income$235TaxBasedOnInvestmentIncomeAmt
Applied To Es Tax$470AppliedToEsTaxAmt
Total Payments And Credits$470TotalPaymentsAndCreditsAmt
Overpayment$235OverpaymentAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$235RefundAmt

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 StateNYOrgReportOrRegisterStateCd
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 BooksE VIRGIL CONWAYIndividualWithBooksNm
Phone2128085141PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1101 PARK AVENUE 30 FLAddressLine1Txt
Address Line230TH FLOORAddressLine2Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10178ZIPCd
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

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
E VIRGIL CONWAY
9 RITTENHOUSE ROADBRONXVILLENY10708PRESIDENT1.00$0$0$0
ELAINE V CONWAY
9 RITTENHOUSE ROADBRONXVILLENY10708DIRECTOR1.00$0$0$0
ALISON C CAREY
340 EAST 80TH STREETNEW YORKNY10075DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1PROVIDE COLLEGE TUITION TO FIVE LOWER INCOME FAMILY ATUDENTS. TOTAL PAID 20,000.Description1Txt
Description2SUPPORT THE OPERATION OF SOUTHAMPTON HOSPITAL FOUNDATION. TOTAL PAID 5,000.Description2Txt
Description3SUPPORT THE OPERATIONS OF THE WELLSPRING/KARITAS FOUNDATION. TOTAL PAID 1,500.Description3Txt
Description4SUPPORT THE EDUCATIONAL PROGRAMS OF WNET 13. TOTAL PAID 5,000.Description4Txt

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$840,805AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$21,935AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$862,740TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$862,740AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,941CashDeemedCharitableAmt
Net Vl Noncharitable Assets$849,799NetVlNoncharitableAssetsAmt
Minimum Investment Return$42,490MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$42,490MinimumInvestmentReturnAmt
Tax Based On Investment Income$235TaxBasedOnInvestmentIncomeAmt
Total Tax$235TotalTaxAmt
Distributable Before Adj$42,255DistributableBeforeAdjAmt
Distributable Before Ded$42,255DistributableBeforeDedAmt
Distributable As Adjusted$42,255DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$35,900ExpensesAndContributionsAmt
Qualifying Distributions$35,900QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$235PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$35,665AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$42,255DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$37,368ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$37,368TotalExcessDistributionCyovAmt
Qualifying Distributions$35,900QualifyingDistributionsAmt
Applied To Current Year$35,900AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$6,355ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$6,355ExcessDistributionCyovAppCYAmt
Total Corpus$31,013TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$31,013ExcessDistriCyovToNextYrAmt
Excess From Year1$31,013ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtRecipient RelationshipRecipientRelationshipTxt
WNET 13
WNET 13450 WEST 33 STREET450 WEST 33 STREETNEW YORKNY10036SUPPORT ORGANIZATIONS PROGRAMS$5,000
WELLSPRINGKARITAS FOUNDATION
WELLSPRING/KARITAS FOUNDATION1275 ROSE LANE1275 ROSE LANEBERWYNPA19312SUPPORT ORGANIZATIONS PURPOSE$1,500
UNIVERSITY OF MIAMI - SHELBY JOYCE
1252 MEMORIAL DRIVE1252 MEMORIAL DRIVECORAL GABLESFL33146SCHOLARSHIP-COLLEGE EDUCATION$5,000MATRIC. STUDENT
NEW YORK UNIVERSITY - MOLLY NOLAN
50 WEST 4TH ST50 WEST 4TH STNEW YORKNY10012SCHOLARSHIP - COLLEGE EDUCATION$2,500MATRIC STUDENT
SUNY GENESEO - KACEY MALLINSON
1 COLLEGE CIRCLE1 COLLEGE CIRCLEGENESEONY14454SCHOLARSHIP - COLLEGE EDUCATION$5,000MATRIC STUDENT
STONY BROOK UNIV -MICHAEL BURNS
118 ADMINISTRATION BLDG118 ADMINISTRATION BLDGSTONY BROOKNY11794SCHOLARSHIP-COLLEGE EDUCATION$5,000MATRIC STUDENT
COLLEGE OF CHARLESTON-SHANA DEVLIN
66 GEORGE ST66 GEORGE STCHARLESTONSC29424SCHOLARSHIP-COLLEGE EDUCATION$2,500MATRIC STUDENT
SOUTHAMPTON HOSPITAL FOUNDATION
13105 MAIN ROAD13105 MAIN ROADMATTITUCKNY11952SUPPORT HOSPITAL OPERATIONS$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$31,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$27,881RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$27,881RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$27,881TotalIncomeProducingActyAmt

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)
CategoryROBERT RICH COMPANYCategoryTxt
Amt$3,021Amt
Net Investment Income$3,021NetInvestmentIncomeAmt
Adjusted Net Income$3,021AdjustedNetIncomeAmt
Disbursements Charitable Prps$3,021DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
1400 SHARES AT&T INC$23,334$47,026
CATERPILLAR INC$51,598$54,918
INTEL CORP$148,542$181,450
INTERCONTINENTAL EXCHANGE GROUP$162,524$110,084
JPMORGAN CHASE & CO$47,301$62,580
MICROSOFT CORP$186,582$185,800
POTASH CORP$36,219$42,384
URSTADT BIDDLE PROPERTIES$91,200$218,800

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
UBS SERVICE CHARGE$150$150$150$150
NYS ATTORNEY GENERAL FEE$100$100$100$100

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CANADIAN DIVIDEND WITHHOLDING TA$420$420$420$420
US TREASURY$709$709$709$709

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