PANASONIC FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- PANASONIC FOUNDATION INC (EIN 22-2548639)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-14
- IRS object ID
- 202233199349100608
- Schema version
- 2021v4.2
- 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
- Expenditure Responsibility Stmt
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-14T23:47:46-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 346565596 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 99 WOOD AVENUE SOUTH | AddressLine1Txt |
| City | ISELIN | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08830 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222548639 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PANASONIC FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PANA | BusinessNameControlTxt |
| Phone | 2013926077 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TWO RIVERFRONT PLAZA | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GORDON KYVIK | PersonNm |
| Person Title | ASSISTANT TREASURER | PersonTitleTxt |
| Phone | 2013926077 | PhoneNum |
| Signature | 2022-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | GORDON | PersonFirstNm |
| Person Last | KYVIK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL R SALES | PreparerPersonNm |
| PTIN | P01770943 | PTIN |
| Phone | 7325164200 | PhoneNum |
| Preparation | 2022-11-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $10,805,232 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $608,400 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $218,506 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $218,506 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $928,755 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,210,278 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $928,755 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,755,661 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,147,261 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $53,650 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $53,650 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $744 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $744 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $19,591 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $19,591 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $431,399 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $24,007 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $407,392 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $7,016 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $2,449 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $2,449 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $101,440 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $22,840 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $616,289 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $24,007 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $506,666 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $950,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $950,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,566,289 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $24,007 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,456,666 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $189,372 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,123,254 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $254,091 | CashBOYAmt |
| Cash EOY | $5,136 | CashEOYAmt |
| Cash EOYFMV | $5,136 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $307,519 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $337,498 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $337,498 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $6,116,029 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,326,834 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,326,834 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $4,130,244 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $4,135,764 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $4,135,764 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $10,807,883 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,805,232 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $10,805,232 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $10,253,068 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $10,324,381 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $554,815 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $480,851 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $10,807,883 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $10,805,232 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $10,807,883 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $10,805,232 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $10,807,883 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $189,372 | ExcessRevenueOverExpensesAmt |
| Other Increases | $9,160 | OtherIncreasesAmt |
| Subtotal | $11,006,415 | SubtotalAmt |
| Other Decreases | $201,183 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $10,805,232 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITIES | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $6,210,278 | GrossSalesPriceAmt |
| Cost Or Other Basis | $5,281,523 | CostOrOtherBasisAmt |
| Gain Or Loss | $928,755 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $928,755 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $928,755 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $15,613 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $15,613 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $15,613 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $16,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $16,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $136 | EsPenaltyAmt |
| Overpayment | $251 | OverpaymentAmt |
| Applied To ES Tax | $251 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NJ | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | HTTPS://NA.PANASONIC.COM/US/ | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PANASONIC FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2013926077 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TWO RIVERFRONT PLAZA | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | Yes (1) | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MYUNGWON LEE | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | DIRECTOR & CHAIRMAN | 1.00 | $0 | $0 | $0 |
| ANDRES A ALONSO | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | DIRECTOR | 1.00 | $7,500 | $0 | $0 |
| PATRICIA GANDARA | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | DIRECTOR | 1.00 | $7,500 | $0 | $0 |
| JUAN OTERO | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | DIRECTOR | 1.00 | $7,500 | $0 | $0 |
| AINISSA G RAMIREZ | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | DIRECTOR | 1.00 | $7,500 | $0 | $0 |
| JEFFREY WERNER | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JESSICA HODKINSON | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | DIRECTOR & SECRETARY (BEG 3/2021) | 1.00 | $0 | $0 | $0 |
| STEPHEN WEINGARTEN | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | SECRETARY (UNTIL 6/2021) | 1.00 | $0 | $0 | $0 |
| GORDON KYVIK | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | ASSISTANT TREASURER | 1.00 | $23,650 | $0 | $0 |
| KENJI SHIMONISHI | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | TREASURER (BEG 10/1/2020) | 1.00 | $0 | $0 | $0 |
| AFIYA M JORDAN | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | ASSISTANT SECRETARY (BEG 7/2021) | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PANASONIC CORPORATION OF NORTH AMERICA | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TWO RIVERFRONT PLAZA | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | PROFESSIONAL FEES | ServiceTypeTxt |
| Compensation | $372,252 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $10,678,925 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $568,038 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $11,246,963 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $11,246,963 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $168,704 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $11,078,259 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $553,913 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $553,913 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $15,613 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $15,613 | TotalTaxAmt |
| Distributable Before Adj | $538,300 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $538,300 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $538,300 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,456,666 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,456,666 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $538,300 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $2,151,412 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,904,129 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $2,015,174 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,318,368 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,039,972 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $8,429,055 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,456,666 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $538,300 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $918,366 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $9,347,421 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $2,151,412 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $7,196,009 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,904,129 | ExcessFromYear4Amt |
| Excess From Year3 | $2,015,174 | ExcessFromYear3Amt |
| Excess From Year2 | $1,318,368 | ExcessFromYear2Amt |
| Excess From Year1 | $1,039,972 | ExcessFromYear1Amt |
| Excess From Current Year | $918,366 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | ALEJANDRA CEJA EXECUTIVE DIRECTOR | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TWO RIVERFRONT PLAZA | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2013926077 | RecipientPhoneNum |
| Form And Info And Materials | NONE | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| NJ FORTY ACRES AND A MULE | |||||||
| 111 MULBERRY STREET | NEWARK | NJ | 07102 | NC | GENERAL SUPPORT | $50,000 | |
| FIRST ROBOTICS | |||||||
| 200 BEDFORD STREET | MANCHESTER | NH | 03101 | PC | GENERAL SUPPORT | $165,000 | |
| COMMUNITY FOOD BANK OF NEW JERSEY INC | |||||||
| 31 EVANS TERMINAL | HILLSIDE | NJ | 07205 | PC | GENERAL SUPPORT | $25,000 | |
| JUNIOR ACHIEVEMENT OF GREATER ST LOUIS INC | |||||||
| 17339 N OUTER FORTY RD | CHESTERFIELD | MO | 63005 | PC | GENERAL SUPPORT | $25,000 | |
| NJPAC | |||||||
| 1 CENTER ST | NEWARK | NJ | 07102 | PC | GENERAL SUPPORT | $100,000 | |
| STEM NEXT OPPORTUNITY | |||||||
| 100 HARBOR DRIVE UNIT 604 | SAN DIEGO | CA | 92101 | PC | GENERAL SUPPORT | $250,000 | |
| TEACH FOR AMERICA | |||||||
| 25 BROADWAY 12TH FLOOR | NEW YORK | NY | 10004 | PC | GENERAL SUPPORT | $10,000 | |
| LA PROMISE FUND | |||||||
| 1933 S BROADWAY STE 1108 LOS | LOS ANGELES | CA | 90007 | PC | GENERAL SUPPORT | $25,000 | ANGELES |
| RUTGERS UNIVERSITY FOUNDATION | |||||||
| 335 GEORGE STREET | NEW BRUNSWICK | NJ | 08901 | PC | GENERAL SUPPORT | $100,000 | |
| GREENLIGHT FOUNDATION | |||||||
| 200 CLARENDON ST | BOSTON | MA | 02116 | PC | GENERAL SUPPORT | $50,000 | |
| GIRLS INCORPORATED | |||||||
| 461 MANGET ST SE | MARIETTA | GA | 30060 | PC | GENERAL SUPPORT | $50,000 | |
| SKYHOOK FOUNDATION | |||||||
| 1048 IRVINE AVE 617 | NEWPORT BEACH | CA | 92660 | PC | GENERAL SUPPORT | $100,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $950,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $218,506 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $928,755 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,147,261 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,147,261 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PANASONIC CORPORATION OF NORTH AMERICA | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TWO RIVERFRONT PLAZA | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $608,400 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $19,591 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $19,591 | DisbursementsCharitablePrpsAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NJ FORTY ACRES AND A MULE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MULBERRY STREET | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2021-12-21 | GrantDt |
| Grant | $50,000 | GrantAmt |
| Purpose Of Grant | HELP TO REDUCE THE WEALTH, HEALTH AND SOCIAL DISPARITIES THAT EXIST WITHIN THE BLACK AND LATINX COMMUNITIES. | PurposeOfGrantTxt |
| Expended By Grantee | $0 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | NONE | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 11/11/2022 | DatesOfReportsByGranteeTxt |
| Verification | 2022-11-11 | VerificationDt |
| Results Of Verification | TO THE KNOWLEDGE OF THE FOUNDATION, NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE. | ResultsOfVerificationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (7 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| SEI CORE FIXED INCOME FUND #285 | $2,126,165 | $2,126,165 |
| SEI HIGH YIELD BOND FUND #284 | $385,519 | $385,519 |
| SEI LIM ITE D DURATION BOND | $224,998 | $224,998 |
| SEI OPPORTUNISTIC INCOME FUND | $281,616 | $281,616 |
| SEI SIIT REAL RETURN A | $470,845 | $470,845 |
| SIIT EMERGING MARKETS DEBT FUND | $365,374 | $365,374 |
| SIIT ULTRA SHORT DURATION BOND FUND | $281,247 | $281,247 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| SIIT EMERGING MARKETS EQUITY FUND | $373,577 | $373,577 |
| SIIT GLOBAL MANAGED VOLATILITY FUND | $1,495,734 | $1,495,734 |
| SIIT US MANAGED VOLATILITY FUND | $795,025 | $795,025 |
| SIIT WRLD EQUITY EX-US FD CL A #280 | $1,769,806 | $1,769,806 |
| SEI EXTENDED MARKET INDEX FUND | $377,536 | $377,536 |
| SEI S&P 500 IDX-A #322 | $1,515,156 | $1,515,156 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $744 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $744 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS | Desc |
| Amt | $201,183 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MISC EXP OSP | $79,403 | $0 | $803 |
| OFFICE EXPENSES | $12,396 | $0 | $12,396 |
| MEMBERSHIP FEES | $3,340 | $0 | $3,340 |
| PROGRAM OUTREACH EXPENSES | $2,965 | $0 | $2,965 |
| BOARD LIABILITY INSURANCE | $2,407 | $0 | $2,407 |
| BANK FEES | $846 | $0 | $846 |
| STATE FILING FEES | $83 | $0 | $83 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR YEAR BOOK VALUE ADJUSTMENT | Desc |
| Amt | $9,160 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CONSULTING FEES | $35,140 | $0 | $35,140 |
| INVESTMENT MANAGEMENT FEES | $24,007 | $24,007 | $0 |
| PANASONIC CORPORATION OF NORTH AMERICA | $372,252 | $0 | $372,252 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAXES | CategoryTxt |
| Amt | $7,016 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |