PRUDENTIAL FOUNDATION INC: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- PRUDENTIAL FOUNDATION INC (EIN 22-2175290)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-06-19
- IRS object ID
- 201331709349100208
- Schema version
- 2012v2.1
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Investments Corp Bonds Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-06-19T15:38:37-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521563500 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAZILIO COBB ASSOCIATES PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1920 N ST NW SUITE 800 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222175290 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PRUDENTIAL FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PRUD | NameControl |
| Phone | 9738027313 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 213 WASHINGTON STREET | AddressLine1 |
| City | NEWARK | City |
| State | NJ | State |
| ZIP Code | 07102 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRIAN CLOONAN | Name |
| Title | CONTROLLER | Title |
| Phone | 9738027313 | Phone |
| Date Signed | 2013-06-19 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL J COBB | Name |
| PTIN | P01366901 | PTIN |
| Phone | 2027783440 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 107236777 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 30066825 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 25385 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 25385 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 3096671 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 3096671 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 1555187 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 1555187 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 1555187 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 364015 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 323165 | OtherIncomeNetInvstIncm |
| Other Income Adj Net Incm | 0 | OtherIncomeAdjNetIncm |
| Total Revenue And Expenses | 35108083 | TotalRevenueAndExpenses |
| Total Net Investment Income | 5000408 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 0 | TotalAdjustedNetIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 0 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 0 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Adj Net Incm | 0 | CompOfcrDirTrstAdjNetIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 0 | CompOfcrDirTrstDsbrsChrtblPrps |
| Legal Fees Rev And Expnss | 23355 | LegalFeesRevAndExpnss |
| Legal Fees Net Invst Incm | 0 | LegalFeesNetInvstIncm |
| Legal Fees Adj Net Incm | 0 | LegalFeesAdjNetIncm |
| Legal Fees Dsbrs Chrtbl Prps | 23355 | LegalFeesDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 56922 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 0 | AccountingFeesNetInvstIncm |
| Accounting Fees Adj Net Incm | 0 | AccountingFeesAdjNetIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 58512 | AccountingFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 540353 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 275470 | OtherProfFeesNetInvstIncm |
| Other Prof Fees Adj Net Incm | 0 | OtherProfFeesAdjNetIncm |
| Other Prof Fees Dsbrs Chrtbl Prps | 268383 | OtherProfFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 91008 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 0 | TaxesNetInvstIncm |
| Taxes Adj Net Incm | 0 | TaxesAdjNetIncm |
| Taxes Dsbrs Chrtbl Prps | 0 | TaxesDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | -149433 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 0 | OtherExpensesNetInvstIncm |
| Other Expenses Adj Net Incm | 0 | OtherExpensesAdjNetIncm |
| Other Expenses Dsbrs Chrtbl Prps | 0 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 562205 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 275470 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 0 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 350250 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 28595356 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 26859858 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 29157561 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 275470 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 0 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 27210108 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 5950522 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 4724938 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 17334206 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 15671683 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 15671683 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Bonds BOY | 73278680 | InvestmentsCorpBondsBOY |
| Investments Corp Bonds EOY | 82074270 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 82074270 | InvestmentsCorpBondsEOYFMV |
| Other Assets BOY | 9602188 | OtherAssetsBOY |
| Other Assets EOY | 9490824 | OtherAssetsEOY |
| Other Assets EOYFMV | 9490824 | OtherAssetsEOYFMV |
| Total Assets BOY | 100215074 | TotalAssetsBOY |
| Total Assets EOY | 107236777 | TotalAssetsEOY |
| Total Assets EOYFMV | 107236777 | TotalAssetsEOYFMV |
| Accounts Payable BOY | 38174 | AccountsPayableBOY |
| Accounts Payable EOY | 5000 | AccountsPayableEOY |
| Grants Payable BOY | 16253052 | GrantsPayableBOY |
| Grants Payable EOY | 15131501 | GrantsPayableEOY |
| Other Liabilities BOY | 123020 | OtherLiabilitiesBOY |
| Other Liabilities EOY | 179866 | OtherLiabilitiesEOY |
| Total Liabilities BOY | 16414246 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 15316367 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 78528708 | UnrestrictedBOY |
| Unrestricted EOY | 89005538 | UnrestrictedEOY |
| Temporarily Restricted BOY | 5272120 | TemporarilyRestrictedBOY |
| Temporarily Restricted EOY | 2914872 | TemporarilyRestrictedEOY |
| Total Net Assets BOY | 83800828 | TotalNetAssetsBOY |
| Total Net Assets EOY | 91920410 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 100215074 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 107236777 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 83800828 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 5950522 | ExcessOfRevenueOverExpenses |
| Other Increases | 2169060 | OtherIncreases |
| Subtotal | 91920410 | Subtotal |
| Other Decreases | 0 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 91920410 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)
| Description Of AssetDescriptionOfAsset | Gross Sales PriceGrossSalesPrice | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses | Date AcquiredDateAcquired | Date SoldDateSold |
|---|---|---|---|---|---|
| COMMINGLED TRUST FUND | 1494840 | 1494840 | 1494840 | ||
| SALE OF WARRANTS AND COMMON STOCK | 60347 | 60347 | 60347 | 2010-11-23 | 2013-04-01 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 1555187 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | 0 | NetShortTermCapitalGainOrLoss |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | 0 | LiableFor4942Tax |
| Qualifying Distributions Year1 | 31708137 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 93516415 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.339065 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 30472428 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 87256270 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.349229 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 24332190 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 73360409 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.331680 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 26894117 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 105654644 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.254547 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 29168349 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 112651195 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.258926 | DistributionRatioYear5 |
| Total Distribution Ratio | 1.533447 | TotalDistributionRatio |
| Average Distribution Ratio | 0.306689 | AverageDistributionRatio |
| Net Noncharitable Assets | 105273958 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 32286365 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 47249 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 32333614 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 33074610 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 47249 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 47249 | Subtotal |
| Subtitle A Tax | 0 | SubtitleATax |
| Tax Based On Investment Income | 47249 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 46608 | EstTaxPaymentsAndOverpayment |
| Tax Paid With Extension | 1000 | TaxPaidWithExtension |
| Total Credits And Payments | 47608 | TotalCreditsAndPayments |
| Overpayment | 359 | Overpayment |
| Amount Credited To Next Year | 359 | AmountCreditedToNextYear |
| Amount To Be Refunded | 0 | AmountToBeRefunded |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | 0 | LegislativePoliticalActivities |
| More Than100 Spent | 0 | MoreThan100Spent |
| Form1120 POL Filed | 0 | Form1120POLFiled |
| Sect4955 Tax On Organization | 0 | Sect4955TaxOnOrganization |
| Sect4955 Tax On Managers | 0 | Sect4955TaxOnManagers |
| Reimbursement Of Tax | 0 | ReimbursementOfTax |
| Activities Not Prev Reported | 0 | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | 1 | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | 0 | UnrelatedBusIncomeOver1000 |
| Termination Etc | 0 | TerminationEtc |
| Requirements Of Sect508e | 1 | RequirementsOfSect508e |
| At Least5000 In Assets | 1 | AtLeast5000InAssets |
| States Filed With | NJ | StatesFiledWith |
| Form990 PF Filed With AG | 1 | Form990PFFiledWithAG |
| Private Operating Foundation | 0 | PrivateOperatingFoundation |
| New Substantial Contributors | 0 | NewSubstantialContributors |
| Interest In Controlled Entity | 0 | InterestInControlledEntity |
| Applicable Insurance Contract | 0 | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | 1 | ComplyWithPublicInspectionRqr |
| Website Address | WWW.PRUDENTIAL.COM/COMMUNITY | WebsiteAddress |
| Books In Care Of Person Name | SHANE HARRIS | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 9738027313 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 213 WASHINGTON STREET | AddressLine1 |
| City | NEWARK | City |
| State | NJ | State |
| ZIP Code | 07102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | 0 | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | 0 | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | 0 | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | 1 | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | 1 | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | 0 | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | 0 | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | 0 | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActs |
| Undistributed Income Prior Years | 0 | UndistributedIncomePriorYears |
| Business Holdings | 0 | BusinessHoldings |
| Jeopardy Investments | 0 | JeopardyInvestments |
| Uncorrected Jeopardy Investments | 0 | UncorrectedJeopardyInvestments |
| Influence Legislation | 0 | InfluenceLegislation |
| Influence Election | 0 | InfluenceElection |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Noncharitable Purpose | 0 | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | 0 | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | 0 | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | 0 | ProhibitedTaxShelterTransactn |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (18 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| JAMES MCCARTHY | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | TREASURER | 0.46 | 0 | 0 | 0 |
| SHANE HARRIS | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | VP & SECRETARY | 38.80 | 0 | 0 | 0 |
| BRIAN CLOONAN | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | CONTROLLER | 2.00 | 0 | 0 | 0 |
| JOHN B KINGHORN | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | INVESTMENT OFFICER | 8.00 | 0 | 0 | 0 |
| NISHA R AIDASANI | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | INVESTMENT OFFICER | 2.00 | 0 | 0 | 0 |
| LUKE C APICELLA | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | INVESTMENT OFFICER | 11.60 | 0 | 0 | 0 |
| CINDY H HU | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | INVESTMENT OFFICER | 8.00 | 0 | 0 | 0 |
| JOHN STRANGFELD | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | TRUSTEE | 0.17 | 0 | 0 | 0 |
| SHARON C TAYLOR | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | CHAIRMAN, BOARD OF TRUSTEES | 10.00 | 0 | 0 | 0 |
| GILBERT F CASELLAS | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | TRUSTEE | 0.17 | 0 | 0 | 0 |
| OMMEED SATHE | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | INVESTMENT OFFICER | 11.60 | 0 | 0 | 0 |
| CONSTANCE J HORNER | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | TRUSTEE | 0.17 | 0 | 0 | 0 |
| SANA T KHAN | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | INVESTMENT OFFICER | 8.00 | 0 | 0 | 0 |
| MILJANA VUJOSEVIC | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | INVESTMENT OFFICER | 8.00 | 0 | 0 | 0 |
| BARBARA KOSTER | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | TRUSTEE | 0.17 | 0 | 0 | 0 |
| GASTON CAPERTON | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | TRUSTEE | 0.17 | 0 | 0 | 0 |
| STEVE PELLETIER | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | TRUSTEE - ELECTED 6/13/2012 | 0.11 | 0 | 0 | 0 |
| LATA REDDY | ||||||||
| PRUDENTIAL PLAZA | NEWARK | NJ | 07102 | PRESIDENT - ELECTED 6/13/2012 | 7.65 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Tot Number Of Oth Empl Paid Over50k | 0 | TotNumberOfOthEmplPaidOver50k |
Compensation Of Hghst Paid Cntrct CompensationOfHghstPaidCntrct (3 entries)
| Address Line1USAddress/AddressLine1 | Address Line2USAddress/AddressLine2 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Type Of ServiceTypeOfService | CompensationCompensation |
|---|---|---|---|---|---|---|
| QUANTITATIVE MANAGEMENT ASSOCIATES | ||||||
| 100 MULBERRY STREET GATEWAY 2 6TH | FLOOR | NEWARK | NJ | 07102 | INVESTMENT MANAGEMENT FEES | 275470 |
| JK GROUP INC | ||||||
| PO BOX 7174 | PRINCETON | NJ | 08543 | PROFESSIONAL SERVICE MATCHING GIFT | 186284 | |
| MITCHELL & TITUS LLP | ||||||
| ONE BATTERY PARK PLAZA | NEW YORK | NY | 10004 | AUDITING | 58512 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Number Of Cntrct Paid Over50k | 0 | TotNumberOfCntrctPaidOver50k |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NJPAC IS A WORLD-CLASS AND COMMUNITY-BASED CULTURAL VENUE IN NEWARK, SHOWCASING THE BEST NATIONAL AND INTERNATIONAL ARTISTS, AS WELL AS TOP PERFORMERS FROM THE STATE OF NJ. | Description1 |
| Amount1 | 2000000 | Amount1 |
| Description2 | THE DISABILITY OPPORTUNITY FUND IS A CERTIFIED CDFI COMMITTED SOLELY TO ADDRESSING THE GAP IN QUALITY AND AFFORDABLE HOUSING SOLUTIONS FOR PEOPLE WITH DISABILITIES. | Description2 |
| Amount2 | 1987251 | Amount2 |
| All Oth Prog Rltd Investments Total | 1877251 | AllOthProgRltdInvestmentsTotal |
| Total | 5864502 | Total |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 88374549 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 18502566 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 106877115 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 106877115 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 1603157 | CashDeemedCharitable |
| Net Noncharitable Assets | 105273958 | NetNoncharitableAssets |
| Minimum Investment Return | 5263698 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 5263698 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 47249 | TaxBasedOnInvestmentIncome |
| Total Tax | 47249 | TotalTax |
| Distributable Amount Before Adj | 5216449 | DistributableAmountBeforeAdj |
| Recoveries Qlfy Distributions | 6051425 | RecoveriesQlfyDistributions |
| Distributable Amount Before Ded | 11267874 | DistributableAmountBeforeDed |
| Deduction Fr Distributable | $0 | DeductionFrDistributableAmount |
| Distributable Amount As Adjusted | 11267874 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 27210108 | ExpensesAndContributions |
| Program Related Investments Total | 5864502 | ProgramRelatedInvestmentsTotal |
| Qualifying Distributions | 33074610 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 47249 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 33027361 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 11267874 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 0 | UndistributedIncomePriorYear |
| Prior Year1 | 2010 | PriorYear1 |
| Prior Year2 | 2009 | PriorYear2 |
| Prior Year3 | 2008 | PriorYear3 |
| Total For Prior Years | 0 | TotalForPriorYears |
| Excess Distri Carryover Year5 | 18723156 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 20357995 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 19619557 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 24482261 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 24025101 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 107208070 | TotalExcessDistriCarryover |
| Qualifying Distributions | 33074610 | QualifyingDistributions |
| Applied To Year1 | 0 | AppliedToYear1 |
| Applied To Prior Years | 0 | AppliedToPriorYears |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 11267874 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 21806736 | RemainingDistriFromCorpus |
| Excess Distri Cyov App CY Corpus | 0 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 0 | ExcessDistriCyovAppliedCY |
| Total Corpus | 129014806 | TotalCorpus |
| Prior Year Undistributed Income | 0 | PriorYearUndistributedIncome |
| Prior Year Deficiency Or Tax | 0 | PriorYearDeficiencyOrTax |
| Taxable Amount1 | 0 | TaxableAmount1 |
| Taxable Amount2 | 0 | TaxableAmount2 |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Distri From Corpus170b1 E Or4942g3 | 0 | DistriFromCorpus170b1EOr4942g3 |
| Excess Distri Cyov From Year5 | 18723156 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 110291650 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 20357995 | ExcessFromYear4 |
| Excess From Year3 | 19619557 | ExcessFromYear3 |
| Excess From Year2 | 24482261 | ExcessFromYear2 |
| Excess From Year1 | 24025101 | ExcessFromYear1 |
| Excess From Current Year | 21806736 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | SHANE HARRIS | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 213 WASHINGTON STREET | AddressLine1 |
| City | NEWARK | City |
| State | NJ | State |
| ZIP Code | 07102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 9738027313 | RecipientPhoneNumber |
| Form And Info And Materials | ALL INQUIRIES AND APPLICATIONS ARE SUBMITTED ONLINE. SEE ATTACHMENT 1. | FormAndInfoAndMaterials |
| Submission Deadlines | NO | SubmissionDeadlines |
| Restrictions On Awards | SEE ATTACHMENT 2. | RestrictionsOnAwards |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT EXPENSES SEE ATTACHMENT 3 FOR REFERENCE | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 213 WASHINGTON STREET | AddressLine1 |
| City | NEWARK | City |
| State | NJ | State |
| ZIP Code | 07102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Grant Or Contribution | GRANTS | PurposeOfGrantOrContribution |
| Amount | $26,859,858 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 26859858 | TotGrantOrContriPaidDuringYear |
Grant Or Contri Approved For Future GrantOrContriApprovedForFuture
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANTS APPROVED FOR FUTURE PAYMENT SEE ATTACHMENT 4 FOR REFERENCE | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 213 WASHINGTON STREET | AddressLine1 |
| City | NEWARK | City |
| State | NJ | State |
| ZIP Code | 07102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Grant Or Contribution | GRANTS | PurposeOfGrantOrContribution |
| Amount | $15,131,501 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Approved Future | 15131501 | TotGrantOrContriApprovedFuture |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $25,385 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $3,096,671 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $1,555,187 | ExclusionAmount |
Other Revenue Described OtherRevenueDescribed (5 entries)
| DescriptionDescription | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|
| MISCELLANEOUS INCOME INTEREST | 6249 |
| INTEREST ON PROGRAM-RELATED INV. LOAN | 98475 |
| INTEREST ON COMMERCIAL MORTGAGE | 112814 |
| INTEREST ON PROGRAM-RELATED | 105627 |
| OTHER REVENUE | 40850 |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $0 | UnrelatedBusinessIncomeAmount |
| Exclusion | $4,677,243 | ExclusionAmount |
| Related Or Exempt Function Income | 364015 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 5041258 | TotalPartXVIA |
Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps
Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 11A | LineNumber |
| Relationship Statement | INCOME GENERATED FROM PROGRAM RELATED INVESTMENTS THAT SUPPORT THE FOUNDATION'S CHARITABLE MISSION. | RelationshipStatement |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | 0 | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | 0 | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | 0 | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | 0 | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | 0 | ReimbursementArrangements |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuarantees |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | 0 | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRUDENTIAL INSURANCE COMPANY OF AMERICA | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 MULBERRY ST GATEWAY 3 7TH FL | AddressLine1 |
| City | NEWARK | City |
| State | NJ | State |
| ZIP Code | 07102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 30000000 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | AUDIT AND ACOUNTING FEES | Category |
| Amount | $56,922 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 58512 | DisbursementsCharitablePrps |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Oth Prog Rltd Investments AllOthProgRltdInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | GREATER NEWARK ENTERPRISE CORP., CITILOG ENTERPRISES, LLC. , BRANCH BROOK PARK ALLIANCE, AND ALL OTHERS. | Description |
| Amount | $1,877,251 | Amount |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corp Bonds InvestmentsCorpBonds (2 entries)
| Name Of BondNameOfBond | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| CORE FIXED FUND | 33410411 | 33410411 |
| CORE PLUS FUND | 48663859 | 48663859 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | Category |
| Amount | $23,355 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 23355 | DisbursementsCharitablePrps |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets (3 entries)
| DescriptionDescription | BOY Book ValueBOYBookValue | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| INTEREST RECEIVABLE | 169562 | 100017 | 100017 |
| FEDERAL EXCISE TAX RECEIVABLE | 5108 | ||
| PROGRAM RELATED INVESTMENTS | 9427518 | 9390807 | 9390807 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MORTGAGE LOAN REVERSE (PROVISION FOR LOSSES ON PROGRAM RELATED INVETSMENT) | Description |
| Revenue And Expenses Per Books | -149433 | RevenueAndExpensesPerBooks |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome (5 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome |
|---|---|---|---|
| MISCELLANEOUS INCOME INTEREST | 6249 | 6249 | 6249 |
| INTEREST ON PROGRAM-RELATED INV. LOAN | 98475 | 98475 | 98475 |
| INTEREST ON COMMERCIAL MORTGAGE | 112814 | 112814 | 112814 |
| INTEREST ON PROGRAM-RELATED | 105627 | 105627 | 105627 |
| OTHER REVENUE | 40850 | 40850 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNREALIZED INVESTMENT GAINS | Description |
| Amount | $2,169,060 | Amount |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DEFERRED TAX LIABILITY | Description |
| BOY Book Value | 123020 | BOYBookValue |
| EOY Book Value | 179866 | EOYBookValue |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees (3 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|---|
| CONSULTING FEES | $264,883 | 0 | 0 | 268383 |
| INVETMENT MGT FEES | $275,470 | 275470 | 0 | 0 |
| GENERAL AND ADMINISTRATIVE EXPENSES | $0 | 0 | 0 | 0 |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|---|
| FEDERAL EXCISE TAX - CURRENT | $47,627 | 0 | 0 | 0 |
| FEDERAL EXCISE TAX - DEFERRED | $43,381 | 0 | 0 | 0 |
Comments