PANASONIC FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- PANASONIC FOUNDATION INC (EIN 22-2548639)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202143199349107734
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T16:04:02-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | 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 | 2020-01-01 | 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 | 2021-11-15 | 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 |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | 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 | $10,807,883 | 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 | $664,800 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $262,338 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $262,338 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $198,855 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,854,426 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $198,855 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,125,993 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $461,193 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $53,410 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $53,410 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $5,714 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $5,714 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $2,407 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $2,407 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $15,000 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $15,000 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $158,025 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $158,025 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $326,120 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $51,349 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $274,771 | OtherProfFeesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $6,900 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $6,900 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $26,462 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $26,462 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $104,623 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $30,419 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $698,661 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $51,349 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $573,108 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $960,510 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $960,510 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,659,171 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $51,349 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,533,618 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$533,178 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $409,844 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,504 | CashBOYAmt |
| Cash EOY | $254,091 | CashEOYAmt |
| Cash EOYFMV | $254,091 | CashEOYFMVAmt |
| Sav And Temp Cash Invst EOY | $307,519 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $307,519 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,116,029 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,116,029 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $4,130,244 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $4,130,244 | CorporateBondsEOYFMVAmt |
| Other Assets BOY | $11,086,715 | OtherAssetsBOYAmt |
| Total Assets BOY | $11,088,219 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,807,883 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $10,807,883 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $122,536 | AccountsPayableBOYAmt |
| Total Liabilities BOY | $122,536 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $10,412,715 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $10,253,068 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $552,968 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $554,815 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $10,965,683 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $10,807,883 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $11,088,219 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $10,807,883 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $10,965,683 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$533,178 | ExcessRevenueOverExpensesAmt |
| Other Increases | $375,378 | OtherIncreasesAmt |
| Subtotal | $10,807,883 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $10,807,883 | 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 |
| Gross Sales Price | $2,854,426 | GrossSalesPriceAmt |
| Cost Or Other Basis | $2,655,571 | CostOrOtherBasisAmt |
| Gain Or Loss | $198,855 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $198,855 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $198,855 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $5,697 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $5,697 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $5,697 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $5,697 | TaxDueAmt |
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 | Yes (1) | 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 | Yes (1) | 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 | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| 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 |
|---|---|---|---|---|---|---|---|---|
| MILTON CHEN | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | DIRECTOR & CHAIRMAN | 1.00 | $9,000 | $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 |
| MYUNGWON LEE | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| STEPHEN WEINGARTEN | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | SECRETARY | 1.00 | $0 | $0 | $0 |
| MICHAEL RICCIO | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | TREASURER | 1.00 | $0 | $0 | $0 |
| GORDON KYVIK | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | ASSISTANT TREASURER | 1.00 | $14,410 | $0 | $0 |
| KENJI SHIMONISHI | ||||||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | TREASURER (START 10/1/2020) | 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 (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PANASONIC CORPORATION OF NORTH AMERICA | |||||
| TWO RIVERFRONT PLAZA | NEWARK | NJ | 07102 | PROFESSIONAL FEES | $289,181 |
| DELOITTE | |||||
| 3 2ND ST STE 400 | JERSEY CITY | NJ | 07311 | CONSULTING | $137,887 |
| 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 | $9,703,879 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $435,062 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $10,138,941 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $10,138,941 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $152,084 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $9,986,857 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $499,343 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $499,343 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $5,697 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $5,697 | TotalTaxAmt |
| Distributable Before Adj | $493,646 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $493,646 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $493,646 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,533,618 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,533,618 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,533,618 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $493,646 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,611,187 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,151,412 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,904,129 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $2,015,174 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,318,368 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $9,000,270 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,533,618 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $493,646 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,039,972 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $10,040,242 | 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 | $1,611,187 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $8,429,055 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,151,412 | ExcessFromYear4Amt |
| Excess From Year3 | $1,904,129 | ExcessFromYear3Amt |
| Excess From Year2 | $2,015,174 | ExcessFromYear2Amt |
| Excess From Year1 | $1,318,368 | ExcessFromYear1Amt |
| Excess From Current Year | $1,039,972 | 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 |
|---|---|---|---|---|---|---|
| COUNCIL OF NEW JERSEY | ||||||
| 127 MAIN ST | CHATHAM | NJ | 07928 | PC | GENERAL SUPPORT | $1,640 |
| EVA LONGORIA FOUNDATION | ||||||
| 2708 WILSHIRE BOULEVARD 369 | SANTA MONICA | CA | 90403 | PC | GENERAL SUPPORT | $65,000 |
| JERSEY CARES | ||||||
| 290 W MOUNT PLEASANT AVE STE 1320 | LIVINGSTON | NJ | 07039 | PC | GENERAL SUPPORT | $27,870 |
| NEW JERSEY PERFORMING ARTS CENTER NJPAC | ||||||
| 1 CENTER ST | NEWARK | NJ | 07102 | PC | GENERAL SUPPORT | $50,000 |
| UNITED WAY OF GREATER NEWARK | ||||||
| 60 PARK PL STE 1400 | NEWARK | NJ | 07102 | PC | GENERAL SUPPORT | $75,000 |
| NEWARK PUBLIC SCHOOL | ||||||
| 34 LONGWORTH ST | NEWARK | NJ | 07102 | PC | GENERAL SUPPORT | $25,000 |
| STUDENTS 2 SCIENCE | ||||||
| 66 DEFOREST AVE | EAST HANOVER | NJ | 07936 | PC | GENERAL SUPPORT | $500,000 |
| SKYHOOK FOUNDATION | ||||||
| 1048 IRVINE AVE 617 | NEWPORT BEACH | CA | 92660 | PC | GENERAL SUPPORT | $100,000 |
| FOR INSPIRATION AND RECOGNITION OF SCIENCE AND TECHNOLOGY FIRST | ||||||
| 200 BEDFORD STREET | MANCHESTER | NH | 03101 | PC | GENERAL SUPPORT | $55,000 |
| NEWARK TRUST FOR EDUCATION INC | ||||||
| 494 BROAD STREET SUITE LL30 | NEWARK | NJ | 07102 | PC | GENERAL SUPPORT | $10,000 |
| GREENLIGHT FOUNDATION | ||||||
| 200 CLARENDON ST | BOSTON | MA | 02116 | PC | GENERAL SUPPORT | $50,000 |
| YOSEMITE CONSERVANCY | ||||||
| 101 MONTGOMERY STREET SUTIE 1700 | SAN FRANCISCO | CA | 94104 | PC | GENERAL SUPPORT | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $960,510 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $262,338 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $198,855 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $461,193 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $461,193 | 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 | $664,800 | 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 | $158,025 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $158,025 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | TRANSFER OF ASSETS FROM PANASONIC RIO GRANDE VALLEY EDUC. FDN | IdentifierTxt |
| Form And Line Reference | FORM 990 | FormAndLineReferenceDesc |
| Medium Explanation | THE PANASONIC RIO GRANDE VALLEY EDUCATIONAL FOUNDATION, A 501(C)(3) PRIVATE FOUNDATION, TRANSFERRED ALL OF ITS ASSETS TO THE PANASONIC FOUNDATION INC. DURING THE 2020 TAX YEAR, IN CONJUNCTION WITH A MERGER THAT WAS EXECUTED ON 12/23/2020. THE FOLLOWING TAX ATTRIBUTES WERE TRANSFERRED AS DETAILED BELOW.FORM 990-PF, PART XIII AMOUNTS ON LINES 3A THROUGH 3E & 10A THROUGH 10E INCLUDE THE COMBINED EXCESS DISTRIBUTIONS CARRYOVERS OF PANASONIC FOUNDATION INC. AND PANASONIC RIO GRANDE VALLEY EDUCATIONAL FOUNDATION, AS A RESULT OF THE MERGER THAT WAS EXECUTED ON 12/23/2020. | MediumExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (7 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| SEI CORE FIXED INCOME FUND #285 | $2,178,443 | $2,178,443 |
| SEI HIGH YIELD BOND FUND #284 | $379,716 | $379,716 |
| SEI LIM ITE D DURATION BOND | $205,013 | $205,013 |
| SEI OPPORTUNISTIC INCOME FUND | $256,395 | $256,395 |
| SEI S I I T REAL RETURN A | $473,755 | $473,755 |
| SIIT EMERGING MARKETS DEBT FUND | $380,656 | $380,656 |
| SIIT ULTRA SHORT DURATION BOND FUND | $256,266 | $256,266 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| SIIT EMERGING MARKETS EQUITY FUND | $194,670 | $194,670 |
| SIIT GLOBAL MANAGED VOLATILITY FUND | $2,853,429 | $2,853,429 |
| SIIT US MANAGED VOLATILITY FUND | $1,708,279 | $1,708,279 |
| SIIT WRLD EQUITY EX-US FD CL A #280 | $1,359,651 | $1,359,651 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $15,000 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $15,000 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (13 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MISC EXP OSP | $74,204 | $0 | $0 |
| INFO PROCESSING EXPENSE | $8,681 | $0 | $8,681 |
| TECH SUPPORT FEES | $4,835 | $0 | $4,835 |
| SECURITY FEES | $4,780 | $0 | $4,780 |
| SUPPLIES | $4,497 | $0 | $4,497 |
| RECRUITING | $1,830 | $0 | $1,830 |
| MEALS | $1,777 | $0 | $1,777 |
| COMMUNICATIONS | $1,468 | $0 | $1,468 |
| ENTERTAINMENT | $876 | $0 | $876 |
| SERVICES FEES | $867 | $0 | $867 |
| BANK FEES | $770 | $0 | $770 |
| NJ ANNUAL REPORT FILING | $31 | $0 | $31 |
| OTHER | $7 | $0 | $7 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN | $125,811 |
| TRANSFER OF ASSETS PER MERGER DATED 12/23/2020 | $249,567 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT CONSULTING FEES | $51,349 | $51,349 | $0 |
| PANASONIC CORPORATION OF NORTH AMERICA | $274,771 | $0 | $274,771 |