RAYMOND I RICHARDSON FOUNDATION I: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- RAYMOND I RICHARDSON FOUNDATION I (EIN 52-0685253)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-12-05
- IRS object ID
- 201303399349100500
- Schema version
- 2012v2.3
- 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
- Compensation Explanation
- Dissolution Stmt
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-12-05T10:13:26-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STURGILL & ASSOCIATES LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 LIBERTY ST - PO BOX 546 | AddressLine1 |
| City | WESTMINSTER | City |
| State | MD | State |
| ZIP Code | 211580546 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520685253 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RAYMOND I RICHARDSON FOUNDATION I | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | RAYM | NameControl |
| Phone | 4108484460 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 LIBERTY STREET P O BOX 546 | AddressLine1 |
| City | WESTMINSTER | City |
| State | MD | State |
| ZIP Code | 21158 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JENNIFER MUNCH | Name |
| Title | PRESIDENT | Title |
| Phone | 4108484460 | Phone |
| Date Signed | 2013-10-29 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GERALD L STURGILL CPA | Name |
| Phone | 4108484460 | Phone |
| Date Prepared | 2013-12-04 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | X | FinalReturn |
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 0 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 4274920 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 3 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 3 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 3 | InterestOnSavingsAdjNetIncm |
| Total Revenue And Expenses | 4274923 | TotalRevenueAndExpenses |
| Total Net Investment Income | 3 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 3 | TotalAdjustedNetIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 330008 | CompOfcrDirTrstRevAndExpnss |
| Oth Empl Slrs Wgs Rev And Expnss | 43750 | OthEmplSlrsWgsRevAndExpnss |
| Pension Empl Bnft Rev And Expnss | 466309 | PensionEmplBnftRevAndExpnss |
| Legal Fees Rev And Expnss | 107090 | LegalFeesRevAndExpnss |
| Accounting Fees Rev And Expnss | 13891 | AccountingFeesRevAndExpnss |
| Other Prof Fees Rev And Expnss | 26275 | OtherProfFeesRevAndExpnss |
| Trav Conf Meeting Rev And Expnss | 3920 | TravConfMeetingRevAndExpnss |
| Other Expenses Rev And Expnss | 19148 | OtherExpensesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 1010391 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 4737613 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 4737613 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 5748004 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 4737613 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -1473081 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 3 | NetInvestmentIncome |
| Adjusted Net Income | 3 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 18596 | CashBOY |
| Savings And Temp Cash Invst BOY | 25745 | SavingsAndTempCashInvstBOY |
| Prepaid Expenses BOY | 600 | PrepaidExpensesBOY |
| Other Assets BOY | 1449626 | OtherAssetsBOY |
| Total Assets BOY | 1494567 | TotalAssetsBOY |
| Total Assets EOY | 0 | TotalAssetsEOY |
| Total Assets EOYFMV | 0 | TotalAssetsEOYFMV |
| Other Liabilities BOY | 350 | OtherLiabilitiesBOY |
| Total Liabilities BOY | 350 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 1494217 | RetainedEarningsBOY |
| Retained Earnings EOY | -27505 | RetainedEarningsEOY |
| Total Net Assets BOY | 1494217 | TotalNetAssetsBOY |
| Total Net Assets EOY | -27505 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 1494567 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | -27505 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 1494217 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -1473081 | ExcessOfRevenueOverExpenses |
| Subtotal | 21136 | Subtotal |
| Other Decreases | 48641 | OtherDecreases |
| Total Net Assets Fund Balances EOY | -27505 | TotalNetAssetsFundBalancesEOY |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt Operating Foundations | X | ExemptOperatingFoundations |
| Date Of Ruling Letter | 1987-05-18 | DateOfRulingLetter |
| Investment Income Excise Tax NA | N/A | InvestmentIncomeExciseTaxNA |
| Amount Credited To Next Year | 0 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Termination Etc | true | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | true | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | SUE MYERS | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 4108484460 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 LIBERTY ST P O BOX 546 | AddressLine1 |
| City | WESTMINSTER | City |
| State | MD | State |
| ZIP Code | 21158 | 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 | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| 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 | true | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| 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 (8 entries)
| Address Line1USAddress/AddressLine1 | Address Line2USAddress/AddressLine2 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| MICHAEL SUNDAY | |||||||||
| 129 POTOMAC AVENUE | 129 POTOMAC AVENUE | HANOVER | PA | 17331 | EXECUTIVE DI | 40.00 | 330008 | 442004 | 0 |
| JENNIFER MUNCH | |||||||||
| 2535 OLD TANEYTOWN ROAD | 2535 OLD TANEYTOWN ROAD | WESTMINSTER | MD | 21158 | PRESIDENT | 5.00 | 0 | 0 | 0 |
| SUSAN TABATSKO | |||||||||
| 954 CHESAPEAKE AVENUE | 954 CHESAPEAKE AVENUE | DEAL | MD | 20751 | SECRETARY | 1.00 | 0 | 0 | 0 |
| GREG HARE | |||||||||
| 708 SULLIVAN ROAD | 708 SULLIVAN ROAD | WESTMINSTER | MD | 21157 | VICE PRESIDE | 1.00 | 0 | 0 | 0 |
| REV FREDERICK P ECKHARDT | |||||||||
| 1850 OLD NEW WINDSOR ROAD | 1850 OLD NEW WINDSOR ROAD | NEW WINDSOR | MD | 21776 | DIRECTOR | 1.00 | 0 | 0 | 0 |
| HARRY WALTER | |||||||||
| 832 HANCOCK DRIVE | 832 HANCOCK DRIVE | GETTYSBURG | PA | 17325 | TREASURER | 1.00 | 0 | 0 | 0 |
| JUNIE ZENTZ | |||||||||
| 65 WEST HIGH STREET | 65 WEST HIGH STREET | NEW WINDSOR | MD | 21776 | DIRECTOR | 1.00 | 0 | 0 | 0 |
| DAVID ROYLANCE | |||||||||
| 1211 NORTH GLEBE RD | 1211 NORTH GLEBE RD | ARLINGTON | VA | 22201 | DIRECTOR | 1.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
Compensation Of Hghst Paid Cntrct CompensationOfHghstPaidCntrct
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCNEES WALLACE&NURICK LLC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 1166 | AddressLine1 |
| City | HARRISBURG | City |
| State | PA | State |
| ZIP Code | 17108 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Service | LEGAL SERVICES | TypeOfService |
| Compensation | 75891 | Compensation |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | REMAINING FUNDS DONATED TO NONPROFIT FACILITY TO PROVIDE ASSISTANCE TO COURT ADJUDICATED YOUTH | Description1 |
| Expenses1 | 4727292 | Expenses1 |
| Description2 | ASSISTANCE WITH COLLEGE TUITION FOR FOUR INDIVIDUALS | Description2 |
| Expenses2 | 10321 | Expenses2 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 23600 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 15483 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 778001 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 817084 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 817084 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 12256 | CashDeemedCharitable |
| Net Noncharitable Assets | 804828 | NetNoncharitableAssets |
| Minimum Investment Return | 40241 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | X | Sect4942j3j5FndtnAndFrgnOrg |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 4737613 | ExpensesAndContributions |
| Qualifying Distributions | 4737613 | QualifyingDistributions |
| Adj Qualifying Distributions | 4737613 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qualifying Distributions | 4737613 | QualifyingDistributions |
| Remaining Distri From Corpus | 4737613 | RemainingDistriFromCorpus |
| Total Corpus | 4737613 | TotalCorpus |
Private Operating Foundations PrivateOperatingFoundations
| Field | Value | IRS element (for citing) |
|---|---|---|
| Date Of Ruling | 1987-05-18 | DateOfRuling |
| Section4942j3 | X | Section4942j3 |
Lessor Adj Net Incm Min Invst Return LessorAdjNetIncmMinInvstReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 3 | CurrentYear |
| Year1 | 3 | Year1 |
| Year2 | 138 | Year2 |
| Year3 | 428 | Year3 |
| Total | 572 | Total |
Percent85 Of Lessor Percent85OfLessor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 3 | CurrentYear |
| Year1 | 3 | Year1 |
| Year2 | 117 | Year2 |
| Year3 | 364 | Year3 |
| Total | 487 | Total |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 4737613 | CurrentYear |
| Year1 | 101055 | Year1 |
| Year2 | 101013 | Year2 |
| Year3 | 92500 | Year3 |
| Total | 5032181 | Total |
Qlfy Distri Made Directly QlfyDistriMadeDirectly
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 4737613 | CurrentYear |
| Year1 | 101055 | Year1 |
| Year2 | 101013 | Year2 |
| Year3 | 92500 | Year3 |
| Total | 5032181 | Total |
Two Thirds Min Invst Return TwoThirdsMinInvstReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 26827 | CurrentYear |
| Year1 | 49728 | Year1 |
| Year2 | 55886 | Year2 |
| Year3 | 73162 | Year3 |
| Total | 205603 | Total |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (6 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|
| CEDARVILLE UNIVERSITY | |||||
| 251 N MAIN STREET | CEDARVILLE | OH | 45314 | EDUCATION | $1,000 |
| DAYTONA STATE COLLEGE | |||||
| 1200 W INTERNAL SPEEDWAY | DAYTONA BEACH | FL | 32114 | EDUCATION | $2,000 |
| ST CLOUD STATE UNIVERSITY | |||||
| 720 FOURTH AVENUE SOUTH | ST CLOUD | MN | 56301 | EDUCATION | $5,000 |
| LACKAWANNA COLLEGE | |||||
| 501 VINE STREET | SCRANTON | PA | 18509 | EDUCATION | $2,321 |
| GLEN MILLS SCHOOLS | |||||
| P O BOX 5001 | CONCORDVILLE | PA | 19331 | EDUCATION | $4,000,000 |
| GLEN MILLS SCHOOLS | |||||
| P O BOX 5001 | CONCORDVILLE | PA | 19331 | EDUCATION | $727,292 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 4737613 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $3 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 3 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | true | RelationshipsNoncharitableEOs |
Relationship Schedule RelationshipSchedule
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WALDEN REAL ESTATE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Organization | 501 (C) (2) | TypeOfOrganization |
| Description Of Relationship | WORK TOGETHER TO PROVIDE ASSISTANCE TO YOUTH | DescriptionOfRelationship |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
| Contributor Name Individual | WALDEN REAL ESTATE | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 LIBERTY STREET | AddressLine1 |
| City | WESTMINISTER | City |
| State | MD | State |
| ZIP Code | 21158 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 4274920 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT ACCOUNTING FEES | Category |
| Amount | $13,891 | Amount |
Compensation Explanation CompensationExplanation
Compensation Compensation (8 entries)
| ExplanationExplanation |
|---|
| MICHAEL SUNDAY |
| FORM 990-PF PART VIII - EXPLANATION OF COMPENSATION FOR MICHAEL SUNDAY COLUMN C INCLUDES 110,000 BASE SALARY PLUS 220,008 SEVERANCE PAYMENT. THE SEVERANCE OF 220,008 WAS A LUMP SUM SEVERANCE PAYMENT PAID TO MR. SUNDAY BECAUSE OF HIS INVOLUNTARY TERMINATION WITHOUT CAUSE, WHICH RESULTED FROM A MERGER OF A DIVISION OF THE FOUNDATION (OF WHICH MR. SUNDAY WAS THE EXECUTIVE DIRECTOR) INTO ANOTHER TAX-EXEMPT ENTITY. THE AMOUNT OF THE SEVERANCE BENEFIT EQUALED TWO YEARS' BASE COMPENSATION, AND WAS OFFERED BY THE ORGANIZATION BECAUSE OF MR. SUNDAY'S INVOLUNTARY TERMINATION WITHOUT CAUSE (AND WITHOUT SIGNIFICANT NOTICE) AFTER 37 YEARS OF OUTSTANDING SERVICE TO THE FOUNDATION AND THE RESULTING DIFFICULTY HE WAS EXPECTED TO ENCOUNTER IN FINDING AN APPROPRIATE REPLACEMENT POSITION AT HIS AGE. THE SEVERANCE BENEFIT WAS PAID IN EXCHANGE FOR A GENERAL RELEASE FROM MR. SUNDAY. IN THE MANNER REQUIRED BY APPLICABLE IRS RULES, THIS SEVERANCE BENEFIT WAS APPROVED AS REASONABLE, IN ADVANCE, BY AN INDEPENDE |
| JENNIFER MUNCH |
| SUSAN TABATSKO |
| GREG HARE |
| REV FREDERICK P ECKHARDT |
| HARRY WALTER |
| JUNIE ZENTZ |
| DAVID ROYLANCE |
Dissolution Stmt DissolutionStmt
Dissolution Info DissolutionInfo
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GLEN MILLS SCHOOL | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 5001 | AddressLine1 |
| City | CONCORDVILLE | City |
| State | PA | State |
| ZIP Code | 19331 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | REMAINING ASSETS TRANSFERRED | Explanation |
| Dissolution | $727,292 | DissolutionAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT LEGAL FEES | Category |
| Amount | $107,090 | Amount |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE FROM WALDEN REAL ESTATE | Description |
| BOY Book Value | 1449626 | BOYBookValue |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases OtherDecreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTERCO A/R OVERSTATED IN PY | Description |
| Amount | $48,641 | Amount |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (10 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks |
|---|---|
| EXPENSES | |
| FEES | 54 |
| TECHNOLOGY | 570 |
| OFFICE | 1380 |
| POSTAGE | 573 |
| INSURANCE | 9199 |
| STORAGE | 2407 |
| TELEPHONE | 2877 |
| DUES | 544 |
| PAYROLL EXPENSE | 1544 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | STATE WITHHOLDING | Description |
| BOY Book Value | 350 | BOYBookValue |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EMPLOYEE BENEFIT PLANS | Category |
| Amount | $26,275 | Amount |