BRUCE A AND LINDA H KENANFOUNDATION: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
BRUCE A AND LINDA H KENANFOUNDATION (EIN 20-8628690)
Tax period
2010-01-01 to 2010-12-31
Filed
2012-07-11
IRS object ID
201231939349100408
Schema version
2010v3.4
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)
Timestamp2012-07-11T13:42:37-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1DIMARCO ABIUSI & PASCARELLA CPAS PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line14 CLINTON SQUARE - SUITE 104AddressLine1
CitySYRACUSECity
StateNYState
ZIP Code132021074ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN208628690EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE BRUCE A & LINDA H KENAN FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlBRUCNameControl
Phone3156858985Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1103 WEST LAKE STREETAddressLine1
CitySKANEATELESCity
StateNYState
ZIP Code13152ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameBRUCE A KENANName
TitlePRESIDENTTitle
Phone3156858985Phone
Date Signed2012-07-10DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameTHOMAS F HARRINGTONName
Phone3154756954Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY57466FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss2079ContriReceivedRevAndExpnss
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses2079TotalRevenueAndExpenses
Total Net Investment Income0TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss2079AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps0AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss100OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm0OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps0OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss2179TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss22050ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps22050ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss24229TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps22050TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-22150ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY70440CashBOY
Cash EOY48290CashEOY
Cash EOYFMV48290CashEOYFMV
Other Assets BOY9176OtherAssetsBOY
Other Assets EOY9176OtherAssetsEOY
Other Assets EOYFMV9176OtherAssetsEOYFMV
Total Assets BOY79616TotalAssetsBOY
Total Assets EOY57466TotalAssetsEOY
Total Assets EOYFMV57466TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY0CapitalStockBOY
Capital Stock EOY0CapitalStockEOY
Paid In Or Capital Surplus BOY0PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY0PaidInOrCapitalSurplusEOY
Retained Earnings BOY79616RetainedEarningsBOY
Retained Earnings EOY57466RetainedEarningsEOY
Total Net Assets BOY79616TotalNetAssetsBOY
Total Net Assets EOY57466TotalNetAssetsEOY
Total Liabilities Net Assets BOY79616TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY57466TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY79616TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-22150ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal57466Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY57466TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year146050QualifyingDistributionsYear1
Noncharitable Assets Year1111653NoncharitableAssetsYear1
Distribution Ratio Year10.412439DistributionRatioYear1
Qualifying Distributions Year283300QualifyingDistributionsYear2
Noncharitable Assets Year2174601NoncharitableAssetsYear2
Distribution Ratio Year20.477088DistributionRatioYear2
Qualifying Distributions Year348525QualifyingDistributionsYear3
Noncharitable Assets Year38316NoncharitableAssetsYear3
Distribution Ratio Year35.835137DistributionRatioYear3
Total Distribution Ratio6.724664TotalDistributionRatio
Average Distribution Ratio2.241555AverageDistributionRatio
Net Noncharitable Assets64988NetNoncharitableAssets
Adjusted Noncharitable Assets145674AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One145674AdjNonchrtblAssetsAndOnePct
Qualifying Distributions22050QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax0InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal0Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due0TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e1RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithNYStatesFiledWith
Form990 PF Filed With AG1Form990PFFiledWithAG
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors1NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameBRUCE A KENANBooksInCareOfPersonName
Books In Care Of Phone Number3156858985BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1103 WEST LAKE STREETAddressLine1
CitySKANEATELESCity
StateNYState
ZIP Code13152ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person0FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations0GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
BRUCE A KENAN
103 WEST LAKE STREETSKANEATELESNY13152PRESIDENT/TREASURER1.00000
LINDA H KENAN
103 WEST LAKE STREETSKANEATELESNY13152VICE PRESIDENT/SECRETARY1.00000
STEVEN B KENAN
10 PRENTISS DRIVESKANEATELESNY13152DIRECTOR0.50000
LEIGH K JULIANO
192 SEVENTEENTH STREETATLANTAGA30309DIRECTOR0.50000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances65978AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets65978TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets65978AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable990CashDeemedCharitable
Net Noncharitable Assets64988NetNoncharitableAssets
Minimum Investment Return3249MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return3249MinimumInvestmentReturn
Total Tax0TotalTax
Distributable Amount Before Adj3249DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded3249DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted3249DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions22050ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions22050QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions22050AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted3249DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year333908ExcessDistriCarryoverYear3
Excess Distri Carryover Year283300ExcessDistriCarryoverYear2
Excess Distri Carryover Year146050ExcessDistriCarryoverYear1
Total Excess Distri Carryover163258TotalExcessDistriCarryover
Qualifying Distributions22050QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus22050TreatedAsDistriFromCorpus
Applied To Current Year0AppliedToCurrentYear
Remaining Distri From Corpus0RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus3249ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY3249ExcessDistriCyovAppliedCY
Total Corpus182059TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year50ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year182059ExcessDistriCyovToNextYear
Excess From Year330659ExcessFromYear3
Excess From Year283300ExcessFromYear2
Excess From Year146050ExcessFromYear1
Excess From Current Year22050ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerBRUCE A KENANContributingManager
Contributing ManagerLINDA H KENANContributingManager

Appication Submission Info AppicationSubmissionInfo

FieldValueIRS element (for citing)
Recipient NameTHE BRUCE A AND LINDA H KENAN FOUNDRecipientName

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1103 WEST LAKE STREETAddressLine1
CitySKANEATELESCity
StateNYState
ZIP Code13152ZIPCode
FieldValueIRS element (for citing)
Recipient Phone Number3156858985RecipientPhoneNumber
Form And Info And MaterialsNONE SPECIFIED IN CERTIFICATE OF INCORPORATION OR BYLAWS.FormAndInfoAndMaterials
Submission DeadlinesNONE SPECIFIED IN CERTIFICATE OF INCORPORATION OR BYLAWS.SubmissionDeadlines
Restrictions On Awards501(C)(3) ORGANIZATION.RestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (11 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
EVERSON MUSEUM OF ART
401 HARRISON STREETSYRACUSENY13202NONE501(C)(3)CHARITABLE$5,000
FIRST PRESBYTERIAN CHURCH
97 EAST GENESEE STREETSKANEATELESNY13152NONE501(C)(3)CHARITABLE$7,000
NOSOTROS RADIO
7095 MYERS ROADEAST SYRACUSENY13057NONE501(C)(3)CHARITABLE$200
PROJECT HOPE - BELLEGROVE MISSION BAPTIST CHURCH
219 WEST CASTLESYRACUSENY13205NONE501(C)(3)CHARITABLE$1,000
SKANEATELES EDUCATION FOUNDATION
PO BOX 16SKANEATELESNY13152NONE501(C)(3)CHARITABLE$2,000
SKANEATELES LIBRARY ASSOCIATION
49 EAST GENESEE STREETSKANEATELESNY13152NONE501(C)(3)CHARITABLE$200
THE JOHN D BARROW ART GALLERY
49 EAST GENESEE STREETSKANEATELESNY13152NONE501(C)(3)CHARITABLE$200
THE LEUKEMIA & LYMPHOMA SOCIETY
401 NORTH SALINA STREET - SUITE 304SYRACUSENY13203NONE501(C)(3)CHARITABLE$250
THE PAIDEIA SCHOOL
1509 PONCE DE LEON AVENUEATLANTAGA30307NONE501(C)(3)CHARITABLE$3,000
THE SKANEATELES FESTIVAL
97 EAST GENESEE STREETSKANEATELESNY13152NONE501(C)(3)CHARITABLE$2,000
THE SKANEATELES HISTORICAL SOCIETY
28 HANNUM STREETSKANEATELESNY13152NONE501(C)(3)CHARITABLE$1,200
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year22050TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$0ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA0TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategory
Amount$2,079Amount
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Distribution From Corpus Election DistributionFromCorpusElection

FieldValueIRS element (for citing)
ElectionELECTION WITH REGARD TO TREATMENT OF QUALIFYING DISTRIBUTIONS:PURSUANT TO CODE SECTION 4942(H)(2) AND REG. SECTION 53.4942(A)-3(D)(2), THE BRUCE A. AND LINDA H. KENAN FOUNDATION ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEARS UNDISTRIBUTED INCOME AS COMING FROM CORPUS.AMOUNT AT 12/31/2010: $22,050.00.Election

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionORGANIZATIONAL COSTSDescription
BOY Book Value9176BOYBookValue
EOY Book Value9176EOYBookValue
EOYFMV9176EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionNYS CHAR500 FEESDescription
Revenue And Expenses Per Books100RevenueAndExpensesPerBooks
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor SubstantialContributor (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCode
BRUCE A KENAN
103 WEST LAKE STREETSKANEATELESNY13152
LINDA H KENAN
103 WEST LAKE STREETSKANEATELESNY13152

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