PRUDENTIAL FOUNDATION INC: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PRUDENTIAL FOUNDATION INC (EIN 22-2175290)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-06-19
- IRS object ID
- 201241719349100009
- 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
- Schedule B
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Compensation Explanation
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Land Etc Schedule2
- Other Assets Schedule
- Other Decreases 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 | 2012-06-19T14:38:49-05:00 | 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 | MITCHELL & TITUS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE BATTERY PARK PLAZA | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10004 | 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 | 222175290 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PRUDENTIAL FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % SHANE HARRIS | InCareOfName |
| 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 |
| Date Signed | 2012-06-18 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FREDERICK DAVIS | Name |
| Phone | 2127094500 | Phone |
| 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 | 100215074 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 32934838 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 2526 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 2526 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 3192735 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 3192735 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 1661504 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 2893984 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 1661504 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 387473 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 387473 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 38179076 | TotalRevenueAndExpenses |
| Total Net Investment Income | 5244238 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 0 | CompOfcrDirTrstRevAndExpnss |
| Accounting Fees Rev And Expnss | 58300 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 0 | AccountingFeesNetInvstIncm |
| Accounting Fees Adj Net Incm | 0 | AccountingFeesAdjNetIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 56710 | AccountingFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 486913 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 252135 | OtherProfFeesNetInvstIncm |
| Other Prof Fees Dsbrs Chrtbl Prps | 234037 | OtherProfFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 78307 | TaxesRevAndExpnss |
| Occupancy Rev And Expnss | 13059 | OccupancyRevAndExpnss |
| Other Expenses Rev And Expnss | 395408 | OtherExpensesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 1031987 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 252135 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 0 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 290747 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 29280309 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 28887191 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 30312296 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 252135 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 0 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 29177938 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 7866780 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 4992103 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 12303302 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 17334206 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 17334206 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Bonds BOY | 66253102 | InvestmentsCorpBondsBOY |
| Investments Corp Bonds EOY | 73278680 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 73278680 | InvestmentsCorpBondsEOYFMV |
| Other Assets BOY | 10506937 | OtherAssetsBOY |
| Other Assets EOY | 9602188 | OtherAssetsEOY |
| Other Assets EOYFMV | 9602188 | OtherAssetsEOYFMV |
| Total Assets BOY | 89063341 | TotalAssetsBOY |
| Total Assets EOY | 100215074 | TotalAssetsEOY |
| Total Assets EOYFMV | 100215074 | TotalAssetsEOYFMV |
| Accounts Payable BOY | 2759 | AccountsPayableBOY |
| Accounts Payable EOY | 38174 | AccountsPayableEOY |
| Grants Payable BOY | 14445423 | GrantsPayableBOY |
| Grants Payable EOY | 16253052 | GrantsPayableEOY |
| Deferred Revenue BOY | 1056 | DeferredRevenueBOY |
| Deferred Revenue EOY | 0 | DeferredRevenueEOY |
| Other Liabilities BOY | 94724 | OtherLiabilitiesBOY |
| Other Liabilities EOY | 123020 | OtherLiabilitiesEOY |
| Total Liabilities BOY | 14543962 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 16414246 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 71549946 | UnrestrictedBOY |
| Unrestricted EOY | 78528708 | UnrestrictedEOY |
| Temporarily Restricted BOY | 2969433 | TemporarilyRestrictedBOY |
| Temporarily Restricted EOY | 5272120 | TemporarilyRestrictedEOY |
| Total Net Assets BOY | 74519379 | TotalNetAssetsBOY |
| Total Net Assets EOY | 83800828 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 89063341 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 100215074 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 74519379 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 7866780 | ExcessOfRevenueOverExpenses |
| Other Increases | 1414769 | OtherIncreases |
| Subtotal | 83800928 | Subtotal |
| Other Decreases | 100 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 83800828 | 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 | Cost Or Other BasisCostOrOtherBasis |
|---|---|---|---|---|
| COMMINGLED TRUST FUND | 1666012 | 1666012 | 1666012 | |
| CME GROUP STOCK | 1227972 | -4508 | -4508 | 1232480 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 1661504 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 30472428 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 87256270 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.349229 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 24332190 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 73360409 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.33168 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 26894117 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 105654644 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.254547 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 29168349 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 112651195 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.258926 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 26770654 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 98117258 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.272843 | DistributionRatioYear5 |
| Total Distribution Ratio | 1.467225 | TotalDistributionRatio |
| Average Distribution Ratio | 0.293445 | AverageDistributionRatio |
| Net Noncharitable Assets | 93516415 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 27441924 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 49921 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 27491845 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 31758058 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 49921 | InvestmentIncomeExciseTax |
| Subtotal | 49921 | Subtotal |
| Tax Based On Investment Income | 49921 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 55029 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 55029 | TotalCreditsAndPayments |
| Overpayment | 5108 | Overpayment |
| Amount Credited To Next Year | 5108 | 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 |
| Sect4955 Tax On Organization | 0 | Sect4955TaxOnOrganization |
| Sect4955 Tax On Managers | 0 | Sect4955TaxOnManagers |
| Reimbursement Of Tax | 0 | ReimbursementOfTax |
| 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 | NJ | 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 | WWW.PRUDENTIAL.COM/COMMUNITY | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHANE HARRIS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | false | ForeignBank |
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 | true | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | true | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| 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 |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (19 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 |
|---|---|---|---|---|---|---|---|---|
| Gabriella Morris | ||||||||
| Prudential Plaza | Newark | NJ | 07102 | President-Retired 6/30/2011 | 26.65 | 0 | 0 | 0 |
| James McCarthy | ||||||||
| Prudential Plaza | newark | NJ | 07102 | treasurer | 0.62 | 0 | 0 | 0 |
| Shane Harris | ||||||||
| Prudential Plaza | Newark | NJ | 07102 | VP & Secretary | 40.0 | 0 | 0 | 0 |
| Brian Cloonan | ||||||||
| Prudential Plaza | Newark | NJ | 07102 | Controller | 3.0 | 0 | 0 | 0 |
| Preston D Pinkett III | ||||||||
| Prudential Plaza | Newark | NJ | 07102 | Investment Officer | 10.69 | 0 | 0 | 0 |
| John B Kinghorn | ||||||||
| Prudential Plaza | Newark | NJ | 07102 | Investment Officer | 8.0 | 0 | 0 | 0 |
| Nisha R Aidasani | ||||||||
| Prudential Plaza | Newark | NJ | 07102 | Investment Officer | 4.0 | 0 | 0 | 0 |
| Luke C Apicella | ||||||||
| Prudential Plaza | Newark | NJ | 07102 | Investment Officer | 8.0 | 0 | 0 | 0 |
| Cindy H Hu | ||||||||
| Prudential Plaza | Newark | NJ | 07102 | Investment Officer | 8.0 | 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 | 20.0 | 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 | 5.33 | 0 | 0 | 0 |
| Jon F Hanson | ||||||||
| Prudential Plaza | Newark | NJ | 07102 | Trustee-Term expired 2/15/2011 | 0.06 | 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 | 5.33 | 0 | 0 | 0 |
| Miljana Vujosevic | ||||||||
| Prudential Plaza | Newark | NJ | 07102 | Investment Officer | 5.33 | 0 | 0 | 0 |
| Gaston Caperton | ||||||||
| Prudential Plaza | Newark | NJ | 07102 | Trustee-elected 6/15/2011 | 0.12 | 0 | 0 | 0 |
| Barbara Koster | ||||||||
| Prudential Plaza | Newark | NJ | 07102 | Trustee-elected 2/15/2011 | 0.12 | 0 | 0 | 0 |
Compensation Of Hghst Paid Cntrct CompensationOfHghstPaidCntrct (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Type Of ServiceTypeOfService | CompensationCompensation |
|---|---|---|---|---|---|
| JK GROUP INC | |||||
| PO BOX 7174 | PRINCETON | NJ | 08543 | PROF. SVC GIFT MTCH | 144352 |
| MITCHELL & TITUS LLP | |||||
| ONE BATTERY PARK PLAZA | NEW YORK | NY | 10004 | AUDITING | 56710 |
| Rensselaerville Institute | |||||
| 63 Huyck Road | RENSSELAERVILLE | NY | 12147 | consulting | 56100 |
| QUANTITATIVE MANAGEMENT ASSOCIATES | |||||
| 100 Mulberry ST Gateway 2 6th Flo | NEWARK | NJ | 07102 | Investment mgmt fees | 252135 |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE DISABILITY OPPORTUNITY FUND IS A CERTIFIED CDFI COMMITTED SOLELY TO ADDRESSING THE GAP IN QUALITY AND AFFORDABLE HOUSING SOLUTIONS FOR PEOPLE WITH DISABILITIES. | Description1 |
| Amount1 | 1000000 | Amount1 |
| Description2 | B LAB IS CREATING THE GLOBAL IMPACT INVESTING RATING SYSTEM TO PROVIDE RATINGS FOR THE SOCIAL AND ENVIRONMENTAL PERFM OF MISSION DRIVEN ENTERPRISES SEEKING INVESTMENT CAPITAL. | Description2 |
| Amount2 | 1000000 | Amount2 |
| All Oth Prog Rltd Investments Total | 580120 | AllOthProgRltdInvestmentsTotal |
| Total | 2580120 | Total |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 81403748 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 13536775 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 94940523 | TotalFMVOfUnusedAssets |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 94940523 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 1424108 | CashDeemedCharitable |
| Net Noncharitable Assets | 93516415 | NetNoncharitableAssets |
| Minimum Investment Return | 4675821 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 4675821 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 49921 | TaxBasedOnInvestmentIncome |
| Total Tax | 49921 | TotalTax |
| Distributable Amount Before Adj | 4625900 | DistributableAmountBeforeAdj |
| Recoveries Qlfy Distributions | 3107057 | RecoveriesQlfyDistributions |
| Distributable Amount Before Ded | 7732957 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 7732957 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 29177938 | ExpensesAndContributions |
| Program Related Investments Total | 2580120 | ProgramRelatedInvestmentsTotal |
| Amounts Paid Acq Charitable Assets | 0 | AmountsPaidAcqCharitableAssets |
| Amounts Set Aside Suitability Test | 0 | AmountsSetAsideSuitabilityTest |
| Amounts Set Aside Cash Distri Test | 0 | AmountsSetAsideCashDistriTest |
| Qualifying Distributions | 31758058 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 49921 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 31708137 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 7732957 | DistributableAmountAsAdjusted |
| Prior Year1 | 2009 | PriorYear1 |
| Prior Year2 | 2008 | PriorYear2 |
| Prior Year3 | 2007 | PriorYear3 |
| Excess Distri Carryover Year5 | 12679927 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 18723156 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 20357995 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 19619557 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 24482261 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 95862896 | TotalExcessDistriCarryover |
| Qualifying Distributions | 31758058 | QualifyingDistributions |
| Applied To Current Year | 7732957 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 24025101 | RemainingDistriFromCorpus |
| Total Corpus | 119887997 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 12679927 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 107208070 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 18723156 | ExcessFromYear4 |
| Excess From Year3 | 20357995 | ExcessFromYear3 |
| Excess From Year2 | 19619557 | ExcessFromYear2 |
| Excess From Year1 | 24482261 | ExcessFromYear1 |
| Excess From Current Year | 24025101 | ExcessFromCurrentYear |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundations |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NA | ContributingManager |
| Shareholder Manager | NA | ShareholderManager |
Appication Submission Info AppicationSubmissionInfo (2 entries)
| Recipient NameRecipientName | Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient Phone NumberRecipientPhoneNumber | Form And Info And MaterialsFormAndInfoAndMaterials | Submission DeadlinesSubmissionDeadlines | Restrictions On AwardsRestrictionsOnAwards |
|---|---|---|---|---|---|---|---|---|
| Shane Harris | 213 Washington Street | Newark | NJ | 07102 | 9738027313 | ALL INQUIRIES AND APPLICATIONS ARE SUBMITTED ONLINE. SEE ATTACHMENT 16A. | NO | SEE ATTACHMENT 18 |
| The prudential Foundation | Newark NJ 07102 | Newark | NJ | 07102 | 9738027313 | ALL INQUIRIES AND APPLICATIONS ARE SUBMITTED ONLINE. SEE ATTACHMENT 16A. | NO | SEE ATTACHMENT 18 |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE STATEMENT 19 | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Childrens Defense Fund | AddressLine1 |
| City | washington | City |
| State | DC | State |
| ZIP Code | 20001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Grant Or Contribution | see attachment 19 | PurposeOfGrantOrContribution |
| Amount | $28,887,191 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 28887191 | TotGrantOrContriPaidDuringYear |
Grant Or Contri Approved For Future GrantOrContriApprovedForFuture
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE STATEMENT 20 | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Boys and girls clubs of newark inc | AddressLine1 |
| City | Newark | City |
| State | NJ | State |
| ZIP Code | 07102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Grant Or Contribution | see attachment 20 | PurposeOfGrantOrContribution |
| Amount | $16,253,051 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Approved Future | 16253051 | TotGrantOrContriApprovedFuture |
Analysis Income Producing Acty AnalysisIncomeProducingActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Agencies | FeesContractsFromGovtAgencies | |
| Membership Dues And Assessments | MembershipDuesAndAssessments |
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $2,526 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $3,192,735 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rental Incm Re Debt Fincd Prop | NetRentalIncmReDebtFincdProp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Incm Personal Property | NetRentalIncmPersonalProperty | |
| Other Investment Income Part VII | OtherInvestmentIncomePartVII |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $1,661,504 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Events | NetIncomeLossFromSpecialEvents | |
| Gross Profit Loss Sales Of Invntry | GrossProfitLossSalesOfInvntry |
Other Revenue Described OtherRevenueDescribed (3 entries)
| DescriptionDescription | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|
| INTEREST ON PROGRAM-RELATED INV LOANS | 189865 |
| INTEREST ON PROGRAM-RELATED MORTGAGES | 165878 |
| INTEREST ON PROGRAM-RELATED FOR-PROFIT ORG | 31730 |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,856,765 | ExclusionAmount |
| Related Or Exempt Function Income | 387473 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 5244238 | 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 | 11b | LineNumber |
| Relationship Statement | interest income generated from program related investments supports 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 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo (2 entries)
| Contributor NumberContributorNumber | Contributor Name IndividualContributorNameIndividual | Address Line1ContributorAddressUS/AddressLine1 | CityContributorAddressUS/City | StateContributorAddressUS/State | ZIP CodeContributorAddressUS/ZIPCode | Aggregate ContributionsAggregateContributions | Person Contribution TypePersonContributionType | Noncash Contribution TypeNoncashContributionType |
|---|---|---|---|---|---|---|---|---|
| 1 | Prudential Insurance Company of Ame | 100 Mulberry St Gateway 3 7th Fl | Newark | NJ | 07102 | 31657520 | X | |
| 2 | Prudential Bache Commodities LLC | One New York Plaza 13th fl | new york | NY | 10292 | 1232480 | X | X |
Noncash Property NoncashProperty
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number From Part I | 2 | ContributorNumberFromPartI |
| Noncash Property Description | CME GROUP STOCK | NoncashPropertyDescription |
| Fair Market Value | 1232480 | FairMarketValue |
| Date Received | 2011-01-31 | DateReceived |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | AUDIT AND ACCOUNTING FEES | Category |
| Amount | $58,300 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 56710 | DisbursementsCharitablePrps |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Oth Prog Rltd Investments AllOthProgRltdInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NEW JERSEY PERFORMING ARTS CENTER AND ALL OTHERS. | Description |
| Amount | $580,120 | Amount |
Compensation Explanation CompensationExplanation
Compensation Compensation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | Preston D Pinkett III | PersonName |
| Explanation | He left Company 3/31/2011 | Explanation |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corp Bonds InvestmentsCorpBonds (2 entries)
| Name Of BondNameOfBond | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| CORE FIXED FUND | 31774130 | 31774130 |
| CORE PLUS FUND | 41504550 | 41504550 |
Land Etc Schedule2 LandEtcSchedule2
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets (3 entries)
| DescriptionDescription | BOY Book ValueBOYBookValue | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| INTEREST RECEIVABLE | 146427 | 169562 | 169562 |
| FEDERAL EXCISE TAX RECEIVABLE | 12039 | 5108 | 5108 |
| PROGRAM RELATED INVESTMENTS | 10348471 | 9427518 | 9427518 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases OtherDecreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INVESTMENT IN SUB-NEWARK INVESTMENT FUND | Description |
| Amount | $100 | Amount |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks |
|---|---|
| BAD DEBT EXPENSE - PROGRAM | |
| RELATED INVESTMENT LOANS | 395408 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome (4 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| INTEREST ON PROGRAM-RELATED INV LOANS | 189865 | 189865 |
| INTEREST ON PROGRAM-RELATED MORTGAGES | 165878 | 165878 |
| INTEREST ON PROGRAM-RELATED FOR-PROFIT | ||
| ORGS | 31730 | 31730 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNREALIZED INVESTMENT GAINS | Description |
| Amount | $1,414,769 | Amount |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DEFERRED TAX LIABILITY | Description |
| BOY Book Value | 94724 | BOYBookValue |
| EOY Book Value | 123020 | EOYBookValue |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| CONSULTING FEES | $234,778 | 0 | 234037 |
| INVESTMENT MGT FEES | $252,135 | 252135 |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount |
|---|---|
| FEDERAL EXCISE TAX - CURRENT | $50,012 |
| FEDERAL EXCISE TAX - DEFERRED | $28,295 |
Comments