GERONDELIS FOUNDATION INC: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: GERONDELIS FOUNDATION INC (EIN 04-6130871)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-07-09
IRS object ID: 201201919349100410
Schema version: 2011v1.2
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
Accounting Fees Schedule
Compensation Explanation
Gain Loss Sale Other Assets Sch
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Land Schedule2
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Liabilities Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-07-09T13:52:50-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DEMAKIS & DEMAKIS CPA'S	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	56 CENTRAL AVENUE SUITE 207	AddressLine1
City	LYNN	City
State	MA	State
ZIP Code	019011140	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	046130871	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	GERONDELIS FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	GERO	NameControl
Phone	7815953311	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	56 CENTRAL AVENUE	AddressLine1
Address Line2	ROOM/SUITE 201	AddressLine2
City	LYNN	City
State	MA	State
ZIP Code	01901	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	GREGORY C DEMAKIS	Name
Title	PRESIDENT	Title
Phone	7815953311	Phone
Date Signed	2012-06-07	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	TIMOTHY S DEMAKIS CPA	Name
Phone	7815926120	Phone
Date Prepared	2012-06-19	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	8675774	FMVAssetsEOY
Method Of Accounting Accrual	X	MethodOfAccountingAccrual

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	26	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	26	InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm	26	InterestOnSavingsAdjNetIncm
Dividends Rev And Expnss	26600	DividendsRevAndExpnss
Dividends Net Invst Incm	26600	DividendsNetInvstIncm
Dividends Adj Net Incm	26600	DividendsAdjNetIncm
Gross Rents Rev And Expnss	610183	GrossRentsRevAndExpnss
Gross Rents Net Invst Incm	610183	GrossRentsNetInvstIncm
Gross Rents Adj Net Incm	610183	GrossRentsAdjNetIncm
Net Rental Income Or Loss	610183	NetRentalIncomeOrLoss
Net Gain Sale Assets Rev And Expnss	9712	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	25901	GrossSalesPrice
Other Income Rev And Expnss	10402	OtherIncomeRevAndExpnss
Other Income Adj Net Incm	10402	OtherIncomeAdjNetIncm
Total Revenue And Expenses	656923	TotalRevenueAndExpenses
Total Net Investment Income	636809	TotalNetInvestmentIncome
Total Adjusted Net Income	647211	TotalAdjustedNetIncome
Comp Ofcr Dir Trst Rev And Expnss	20500	CompOfcrDirTrstRevAndExpnss
Accounting Fees Rev And Expnss	10000	AccountingFeesRevAndExpnss
Accounting Fees Dsbrs Chrtbl Prps	10000	AccountingFeesDsbrsChrtblPrps
Other Prof Fees Rev And Expnss	50000	OtherProfFeesRevAndExpnss
Other Prof Fees Dsbrs Chrtbl Prps	50000	OtherProfFeesDsbrsChrtblPrps
Taxes Rev And Expnss	269	TaxesRevAndExpnss
Taxes Dsbrs Chrtbl Prps	269	TaxesDsbrsChrtblPrps
Other Expenses Rev And Expnss	10270	OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps	10270	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	91039	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	70539	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	489600	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	489600	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	580639	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	560139	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	76284	ExcessOfRevenueOverExpenses
Net Investment Income	636809	NetInvestmentIncome
Adjusted Net Income	647211	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	288024	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	310596	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	310596	SavingsAndTempCashInvstEOYFMV
Prepaid Expenses BOY	3668	PrepaidExpensesBOY
Prepaid Expenses EOY	13132	PrepaidExpensesEOY
Prepaid Expenses EOYFMV	13132	PrepaidExpensesEOYFMV
Investments Govt Oblig BOY	30104	InvestmentsGovtObligBOY
Investments Govt Oblig EOY	21311	InvestmentsGovtObligEOY
Investments Govt Oblig EOYFMV	21311	InvestmentsGovtObligEOYFMV
Investments Corp Stock BOY	500147	InvestmentsCorpStockBOY
Investments Corp Stock EOY	401216	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	401216	InvestmentsCorpStockEOYFMV
Investments Corp Bonds BOY	351207	InvestmentsCorpBondsBOY
Investments Corp Bonds EOY	469519	InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV	469519	InvestmentsCorpBondsEOYFMV
Investments Land Etc Basis	3910000	InvestmentsLandEtcBasis
Investments Land Etc BOY	3910000	InvestmentsLandEtcBOY
Investments Land Etc EOY	3910000	InvestmentsLandEtcEOY
Investments Land Etc EOYFMV	7460000	InvestmentsLandEtcEOYFMV
Total Assets BOY	5083150	TotalAssetsBOY
Total Assets EOY	5125774	TotalAssetsEOY
Total Assets EOYFMV	8675774	TotalAssetsEOYFMV
Accounts Payable BOY	10000	AccountsPayableBOY
Accounts Payable EOY	10000	AccountsPayableEOY
Grants Payable BOY	227000	GrantsPayableBOY
Grants Payable EOY	205500	GrantsPayableEOY
Other Liabilities BOY	1308	OtherLiabilitiesBOY
Other Liabilities EOY	596	OtherLiabilitiesEOY
Total Liabilities BOY	238308	TotalLiabilitiesBOY
Total Liabilities EOY	216096	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	4844842	UnrestrictedBOY
Unrestricted EOY	4909678	UnrestrictedEOY
Total Net Assets BOY	4844842	TotalNetAssetsBOY
Total Net Assets EOY	4909678	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	5083150	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	5125774	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	4844842	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	76284	ExcessOfRevenueOverExpenses
Subtotal	4921126	Subtotal
Other Decreases	11448	OtherDecreases
Total Net Assets Fund Balances EOY	4909678	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	537645	QualifyingDistributionsYear1
Noncharitable Assets Year1	8175210	NoncharitableAssetsYear1
Distribution Ratio Year1	0.065765	DistributionRatioYear1
Qualifying Distributions Year2	571907	QualifyingDistributionsYear2
Noncharitable Assets Year2	8205506	NoncharitableAssetsYear2
Distribution Ratio Year2	0.069698	DistributionRatioYear2
Qualifying Distributions Year3	504272	QualifyingDistributionsYear3
Noncharitable Assets Year3	8416034	NoncharitableAssetsYear3
Distribution Ratio Year3	0.059918	DistributionRatioYear3
Qualifying Distributions Year4	551047	QualifyingDistributionsYear4
Noncharitable Assets Year4	8163319	NoncharitableAssetsYear4
Distribution Ratio Year4	0.067503	DistributionRatioYear4
Qualifying Distributions Year5	428619	QualifyingDistributionsYear5
Noncharitable Assets Year5	8434956	NoncharitableAssetsYear5
Distribution Ratio Year5	0.050815	DistributionRatioYear5
Total Distribution Ratio	0.313699	TotalDistributionRatio
Average Distribution Ratio	0.062740	AverageDistributionRatio
Net Noncharitable Assets	8223057	NetNoncharitableAssets
Adjusted Noncharitable Assets	515915	AdjustedNoncharitableAssets
One Percent Net Investment Income	6368	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	522283	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	560139	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	6368	InvestmentIncomeExciseTax
Subtotal	6368	Subtotal
Tax Based On Investment Income	6368	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	7000	EstTaxPaymentsAndOverpayment
Total Credits And Payments	7000	TotalCreditsAndPayments
Overpayment	632	Overpayment
Amount Credited To Next Year	632	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	MA	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	GREGORY C DEMAKIS	BooksInCareOfPersonName
Books In Care Of Phone Number	7815953311	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	56 CENTRAL AVENUE	AddressLine1
Address Line2	SUITE 201	AddressLine2
City	LYNN	City
State	MA	State
ZIP Code	01901	ZIPCode

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (12 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
THOMAS C DEMAKIS ESQ
186 PERKINS ROW	TOPSFIELD	MA	01983	DIRECTOR	2.00	2000	0	0
GREGORY C DEMAKIS ESQ
180 WEST SHORE DRIVE	MARBLEHEAD	MA	01945	DIRECTOR	2.00	2000	0	0
PAUL C DEMAKIS ESQ
46 COMMONWEALTH AVENUE	BOSTON	MA	02116	DIRECTOR	2.00	2000	0	0
GEORGE MARCOPOULOS
EAST HALLDEPT OF HISTORY	MEDFORD	MA	02155	DIRECTOR	2.00	0	0	0
DR NICHOLAS T ZERVAS
MASS GENERAL HOSPITAL	BOSTON	MA	02114	DIRECTOR	2.00	1000	0	0
THOMAS L DEMAKIS
45 BLODGETT AVENUE	SWAMPSCOTT	MA	01907	DIRECTOR	2.00	2000	0	0
CHRISTOPHER SCANGAS
8214 SANTALUZ VILLAGE GREEN SOUTH	SAN DIEGO	CA	92127	DIRECTOR	2.00	2000	0	0
RUSSELL SMITH
47 RIVER ROAD	GLOUCESTER	MA	01930	DIRECTOR	2.00	2000	0	0
JOHN N DEMAKIS
1 LEO ROAD	MARBLEHEAD	MA	01945	DIRECTOR	2.00	2000	0	0
T PHILLIP COMENOS
1 DEXTER LANE	MANCHESTER	MA	01944	DIRECTOR	2.00	2000	0	0
NONDAS LAGONAKIS
30 FAIRVIEW AVENUE	SALEM	MA	01970	DIRECTOR	2.00	1500	0	0
ATHAS KOURKOUSIS
101 LITTLE NAHANT ROAD	NAHANT	MA	01908	DIRECTOR	2.00	2000	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Description1	N/A	Description1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	865074	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	23207	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	7460000	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	8348281	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	8348281	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	125224	CashDeemedCharitable
Net Noncharitable Assets	8223057	NetNoncharitableAssets
Minimum Investment Return	411153	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	411153	MinimumInvestmentReturn
Tax Based On Investment Income	6368	TaxBasedOnInvestmentIncome
Total Tax	6368	TotalTax
Distributable Amount Before Adj	404785	DistributableAmountBeforeAdj
Distributable Amount Before Ded	404785	DistributableAmountBeforeDed
Distributable Amount As Adjusted	404785	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	560139	ExpensesAndContributions
Qualifying Distributions	560139	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	6368	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	553771	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	404785	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	17050	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	152961	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	94041	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	173068	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	140788	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	577908	TotalExcessDistriCarryover
Qualifying Distributions	560139	QualifyingDistributions
Applied To Current Year	404785	AppliedToCurrentYear
Remaining Distri From Corpus	155354	RemainingDistriFromCorpus
Total Corpus	733262	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov From Year5	17050	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	716212	ExcessDistriCyovToNextYear
Excess From Year4	152961	ExcessFromYear4
Excess From Year3	94041	ExcessFromYear3
Excess From Year2	173068	ExcessFromYear2
Excess From Year1	140788	ExcessFromYear1
Excess From Current Year	155354	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManager
Shareholder Manager	NONE	ShareholderManager

Appication Submission Info AppicationSubmissionInfo

Field	Value	IRS element (for citing)
Recipient Name	GREGORY C DEMAKIS	RecipientName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	56 CENTRAL AVENUESUITE 201	AddressLine1
City	LYNN	City
State	MA	State
ZIP Code	01901	ZIPCode

Field	Value	IRS element (for citing)
Recipient Phone Number	7815953311	RecipientPhoneNumber
Form And Info And Materials	NAME,ADDRESS,COLLEGE OR UNIVERSITY	FormAndInfoAndMaterials
Submission Deadlines	NONE	SubmissionDeadlines
Restrictions On Awards	MUST BE OF GREEK HERITAGE	RestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (37 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2	Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount	Address Line2RecipientUSAddress/AddressLine2
BOSTON SYMPHONY ORCH
LYNN YOUTH PROGRAM	301 MASS AVENUE	BOSTON	MA	02115	NONE	PUBLIC	GENERAL	$5,000
BOSTON UNIVERSITY
	121 BAY STATE ROAD	BOSTON	MA	02215	NONE	PUBLIC	GENERAL	$10,000
BOYS & GIRLS CLUB OF LYNN
	25 N COMMON STREET	LYNN	MA	01902	NONE	PUBLIC	GENERAL	$5,600
BROWN UNIVERSITY
	164 ANGELL STREET	PROVIDENCE	RI	02912	NONE	PUBLIC	GENERAL	$5,000
CARNEGIE MELLON UNIV
	HAMBURG HALL	PITTSBURG	PA	152133890	NONE	PUBLIC	GENERAL	$15,000
COLUMBIA UNIVERSITY
	400 AVERY HALL	NEW YORK	NY	10027	NONE	PUBLIC	GENERAL	$110,000	1172 AMSTERDAM AVENUE
CUNY
THE CITY UNIV OF NEW YORK-GRACE BUILDING	42ND STREET	NEW YORK	NY	10012	NONE	PUBLIC	GENERAL	$10,000
DUKE UNIVERSITY
	PO BOX 90097	DURHAM	NC	27708	NONE	PUBLIC	GENERAL	$5,000
GREATER LYNN YMCA
	20 NEPTUNE BLVD	LYNN	MA	01902	NONE	PUBLIC	GENERAL	$5,000
GREATER LYNN SENIOR SERVICES
	8 SILSBEE STREET	LYNN	MA	01901	NONE	PUBLIC	GENERAL	$1,000
HARVARD UNIVERSITY
	48 QUINCY STREET	CAMBRIDGE	MA	02138	NONE	PUBLIC	GENERAL	$5,000
HELLENIC COLLEGE
	50 GODDARD AVENUE	BROOKLINE	MA	02445	NONE	PUBLIC	GENERAL	$10,000
HELLENIC WOMEN'S
BENEVOLENT ASSOCIATION INC	601 SHERMAN STREET	CANTON	MA	02021	NONE	PUBLIC	GENERAL	$5,000
HOSPICE OF THE NORTH SHORE
	75 SYLAN STREET	DANVERS	MA	01923	NONE	PUBLIC	GENERAL	$5,000
IOWA STATE UNIVERSITY
	OFFICE OF ADMISSIONS	AMES	IA	50011	NONE	PUBLIC	GENERAL	$5,000
MIT
	77 MASS AVENUE	CAMBRIDGE	MA	021394307	NONE	PUBLIC	GENERAL	$15,000
NEW YORK UNIVERSITY
	70 WASHINGTON SQUARE	NEW YORK	NY	10012	NONE	PUBLIC	GENERAL	$10,000	SOUTH
ORTHODOX CHRISTIAN MISSION CENTER
	220 MASON MANATEE WAY	ST AUGUSTINE	FL	32086	NONE	PUBLIC	GENERAL	$500
RAW ARTS WORKS
	37 CENTRAL SQUARE	LYNN	MA	01901	NONE	PUBLIC	GENERAL	$5,000
ST BASIL'S ACADEMY
	711 FOX CHASE ROAD	JENKINTOWN	PA	19046	NONE	PUBLIC	GENERAL	$1,000
STANFORD UNIVERSITY
	350 SERRA MALL 173	STANFORD	CA	943059505	NONE	PUBLIC	GENERAL	$20,000
ST GEORGE'S CHURCH
	54 SOUTH COMMON STREET	LYNN	MA	01901	NONE	PUBLIC	GENERAL	$2,500
STEVENS INST OF TECH
	SIXTH HUDSON STREET	HOBOKEN	NJ	07030	NONE	PUBLIC	GENERAL	$5,000
TEMPLE UNIVERSITY
	1803 N BROAD STREET	PHILADELPHIA	PA	19122	NONE	PUBLIC	GENERAL	$5,000
THE NEXT GENERATION INITIATIVE
	PO BOX 7322	ARLINGTON	VA	222079998	NONE	PUBLIC	GENERAL	$5,000
TUFTS
	419 BOSTON AVENUE	MEDFORD	MA	02155	NONE	PUBLIC	GENERAL	$5,000
UNIVERSITY OF CALIFORNIA
	900 UNIVERSITY AVENUE	RIVERSIDE	CA	92521	NONE	PUBLIC	GENERAL	$15,000
UNIVERSITY OF CHICAGO
	5801 SOUTH ELLIS AVENUE	CHICAGO	IL	60637	NONE	PUBLIC	GENERAL	$5,000
UNIVERSITY OF FLORIDA
	PO BOX 117200	GAINESVILLE	FL	326117200	NONE	PUBLIC	GENERAL	$5,000
UNIVERSITY OF MARYLAND
	ROOM 4105 HORNBAKE BLD	COLLEGE PARK	MD	207424345	NONE	PUBLIC	GENERAL	$5,000
UNIVERSITY OF PENN
	3451 WALNUT STREET	PHILADELPHIA	PA	19104	NONE	PUBLIC	GENERAL	$10,000
UNIVERSITY OF PITTSBURG
	4227 FIFTH AVENUE	PITTSBURG	PA	15260	NONE	PUBLIC	GENERAL	$5,000
UNIVERSITY OF SOUTHERN CALIFORNIA
	3740 MCCLINTOCK AVENUE	LOS ANGELES	CA	90089	NONE	PUBLIC	GENERAL	$5,000
UNIVERSITY OF TEXAS-AUSTIN
	1 UNIVERSITY STATION	AUSTIN	TX	78712	NONE	PUBLIC	GENERAL	$5,000
USO
	700 CHILDS WAY	LOS ANGLES	CA	900890914	NONE	PUBLIC	GENERAL	$25,000
VIRGINIA TECH
	106 HUTCHENSON HALL	BLACKBURG	VA	24061	NONE	PUBLIC	GENERAL	$5,000
HIGH SCHOOL SCHOLARSHIPS
	56 CENTRAL AVE	LYNN	MA	01901	NONE	PRIVATE	GENERAL	$129,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	489600	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$26	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$26,600	ExclusionAmount

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	610183	RelatedOrExemptFunctionIncome

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	9712	RelatedOrExemptFunctionIncome

Other Revenue Described OtherRevenueDescribed (3 entries)

DescriptionDescription	Exclusion CodeExclusionCode	ExclusionExclusionAmount
LITIGATION PROCEEDS	14	$263
COLUMBIA SMALL-CAP GAIN DIV	14	$5,139
VOIDED GRANT CHECKS	14	$5,000

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$37,028	ExclusionAmount
Related Or Exempt Function Income	619895	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	656923	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEE	Category
Amount	$10,000	Amount
Disbursements Charitable Prps	10000	DisbursementsCharitablePrps

Compensation Explanation CompensationExplanation

Compensation Compensation (12 entries)

THOMAS C DEMAKIS ESQ
GREGORY C DEMAKIS ESQ
PAUL C DEMAKIS ESQ
GEORGE MARCOPOULOS
DR NICHOLAS T ZERVAS
THOMAS L DEMAKIS
CHRISTOPHER SCANGAS
RUSSELL SMITH
JOHN N DEMAKIS
T PHILLIP COMENOS
NONDAS LAGONAKIS
ATHAS KOURKOUSIS

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset (3 entries)

NameName	Date AcquiredDateAcquired	How AcquiredHowAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	BasisBasis	Total NetTotalNet
246SHS BAKER HUGHES INC	2010-01	PURCHASE	2011-02	17479	10005	7474
100SHS HESS CORP	2010-01	PURCHASE	2011-02	8386	5996	2390
CITIGROUP INC	2010-01	PURCHASE	2011-05	36	188	-152

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds

Field	Value	IRS element (for citing)
Name Of Bond	CORP BONDS	NameOfBond
EOY Book Value	469519	EOYBookValue
EOYFMV	469519	EOYFMV

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

Field	Value	IRS element (for citing)
Name Of Stock	COMMON STOCK	NameOfStock
EOY Book Value	401216	EOYBookValue
EOYFMV	401216	EOYFMV

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLand

Field	Value	IRS element (for citing)
Category Or Item	LAND	CategoryOrItem
Cost Or Other Basis	3910000	CostOrOtherBasis
Book Value	3910000	BookValue
EOYFMV	7460000	EOYFMV

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases (2 entries)

DescriptionDescription	AmountAmount
FEDERAL INCOME TAX	$5,656
DECREASE IN UNREALIZED GAINS ON INVESTMENTS	$5,792

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (6 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Disbursements Charitable PrpsDisbursementsCharitablePrps
EXPENSES
SCHOLARSHIP ADVERTISING	3580	3580
BANK CHARGES	106	106
INVESTMENT FEES	5009	5009
MISCELLANEOUS EXPENSE	880	880
DUES & SUBSCRIPTIONS	695	695

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome (3 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Adjusted Net IncomeAdjustedNetIncome
LITIGATION PROCEEDS	263	263
COLUMBIA SMALL-CAP GAIN DIV	5139	5139
VOIDED GRANT CHECKS	5000	5000

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	DEFERRED INCOME TAXES	Description
BOY Book Value	1308	BOYBookValue
EOY Book Value	596	EOYBookValue

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

Field	Value	IRS element (for citing)
Category	LEGAL FEES	Category
Amount	$50,000	Amount
Disbursements Charitable Prps	50000	DisbursementsCharitablePrps

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	OTHER TAXES	Category
Amount	$269	Amount
Disbursements Charitable Prps	269	DisbursementsCharitablePrps

GERONDELIS FOUNDATION INC: Form 990PF, tax year 2011

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (12 entries)

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Appication Submission Info AppicationSubmissionInfo

Recipient US Address RecipientUSAddress

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (37 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Other Revenue Described OtherRevenueDescribed (3 entries)

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Compensation Explanation CompensationExplanation

Compensation Compensation (12 entries)

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset (3 entries)

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLand

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases (2 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (6 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome (3 entries)

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities OtherLiabilities

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

Taxes Schedule TaxesSchedule

Taxes Taxes

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