NATHAN M CLARK FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: NATHAN M CLARK FOUNDATION (EIN 20-1201954)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-11
IRS object ID: 201343169349100059
Schema version: 2012v2.1
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
Accounting Fees Schedule
Depreciation Schedule
Expenditure Responsibility Stmt
Investments Other Schedule2
Land Etc Schedule2
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-11T09:28:35-06:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KPMG LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	345 Park Avenue	AddressLine1
City	New York	City
State	NY	State
ZIP Code	101540102	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	201201954	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	NATHAN M CLARK FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of Name	% PNC BANK NA-TAX DEPARTMEN	InCareOfName
Name Control	NATH	NameControl
Phone	2155855583	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	C/O PNC BANK NA 1600 MARKET ST	AddressLine1
Address Line2	TAX DEPARTMENT Suite	AddressLine2
City	PHILADELPHIA	City
State	PA	State
ZIP Code	191037240	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Caroline Gould	Name
Title	VP and Treasurer	Title
Phone	2155855583	Phone
Date Signed	2013-11-08	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	KPMG LLP	Name
Phone	2127589700	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	134942	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	0	ContriReceivedRevAndExpnss
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Dividends Rev And Expnss	3	DividendsRevAndExpnss
Dividends Net Invst Incm	3	DividendsNetInvstIncm
Total Revenue And Expenses	3	TotalRevenueAndExpenses
Total Net Investment Income	3	TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss	0	CompOfcrDirTrstRevAndExpnss
Accounting Fees Rev And Expnss	2000	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	0	AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm	0	AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps	2000	AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss	27	TaxesRevAndExpnss
Other Expenses Rev And Expnss	601	OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps	601	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	2628	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm	0	TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	2601	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	7000	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	7000	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	9628	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm	0	TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps	9601	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-9625	ExcessOfRevenueOverExpenses
Net Investment Income	3	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Investments Other BOY	144567	InvestmentsOtherBOY
Investments Other EOY	134942	InvestmentsOtherEOY
Investments Other EOYFMV	134942	InvestmentsOtherEOYFMV
Total Assets BOY	144567	TotalAssetsBOY
Total Assets EOY	134942	TotalAssetsEOY
Total Assets EOYFMV	134942	TotalAssetsEOYFMV
Total Liabilities BOY	0	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Capital Stock BOY	144567	CapitalStockBOY
Capital Stock EOY	134942	CapitalStockEOY
Total Net Assets BOY	144567	TotalNetAssetsBOY
Total Net Assets EOY	134942	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	144567	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	134942	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	144567	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-9625	ExcessOfRevenueOverExpenses
Subtotal	134942	Subtotal
Total Net Assets Fund Balances EOY	134942	TotalNetAssetsFundBalancesEOY

Field	Value	IRS element (for citing)
Capital Gains And Losses		CapitalGainsAndLosses

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	1185	QualifyingDistributionsYear1
Noncharitable Assets Year1	142415	NoncharitableAssetsYear1
Distribution Ratio Year1	0.008321	DistributionRatioYear1
Qualifying Distributions Year2	10635	QualifyingDistributionsYear2
Noncharitable Assets Year2	138178	NoncharitableAssetsYear2
Distribution Ratio Year2	0.076966	DistributionRatioYear2
Qualifying Distributions Year3	3533	QualifyingDistributionsYear3
Noncharitable Assets Year3	140593	NoncharitableAssetsYear3
Distribution Ratio Year3	0.025129	DistributionRatioYear3
Qualifying Distributions Year4	14504	QualifyingDistributionsYear4
Noncharitable Assets Year4	127438	NoncharitableAssetsYear4
Distribution Ratio Year4	0.113812	DistributionRatioYear4
Qualifying Distributions Year5	1450	QualifyingDistributionsYear5
Noncharitable Assets Year5	81760	NoncharitableAssetsYear5
Distribution Ratio Year5	0.017735	DistributionRatioYear5
Total Distribution Ratio	0.241963	TotalDistributionRatio
Average Distribution Ratio	0.048393	AverageDistributionRatio
Net Noncharitable Assets	137154	NetNoncharitableAssets
Adjusted Noncharitable Assets	6637	AdjustedNoncharitableAssets
Adj Nonchrtbl Assets And One	6637	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	9601	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	0	InvestmentIncomeExciseTax
Total Credits And Payments	0	TotalCreditsAndPayments
Overpayment	0	Overpayment
Amount Credited To Next Year	0	AmountCreditedToNextYear
Amount To Be Refunded	0	AmountToBeRefunded

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	DE	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	N/A	WebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PNC BANK NA-TAX DEPARTMENT	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	2155855583	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	1600 MARKET STREET	AddressLine1
City	PHILADELPHIA	City
State	PA	State
ZIP Code	191037240	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	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 (5 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
NATHAN M CLARK
C/O PNC BANK NA 1600 MARKET ST	PHILADELPHIA	PA	191037240	PRESIDENT	0.01	0	0	0
CAROLINE GOULD
C/O PNC BANK NA 1600 MARKET ST	PHILADELPHIA	PA	191037240	VP AND TREASURER	0.01	0	0	0
JULIE WILLBOURN
C/O PNC BANK NA 1600 MARKET ST	PHILADELPHIA	PA	191037240	SECRETARY	0.01	0	0	0
BENJAMIN LOVELL
C/O PNC BANK NA 1600 MARKET ST	PHILADELPHIA	PA	191037240	DIRECTOR	0.01	0	0	0
PNC BANK N A
C/O PNC BANK NA 1600 MARKET ST	PHILADELPHIA	PA	191037240	AGENT FOR TRUSTEES	0.01	0	0	0

Field	Value	IRS element (for citing)
Summary Of Direct Charitable Acty		SummaryOfDirectCharitableActy
Sum Of Program Related Investments		SumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	139243	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	0	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	139243	TotalFMVOfUnusedAssets
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	139243	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	2089	CashDeemedCharitable
Net Noncharitable Assets	137154	NetNoncharitableAssets
Minimum Investment Return	6858	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	6858	MinimumInvestmentReturn
Distributable Amount Before Adj	6858	DistributableAmountBeforeAdj
Distributable Amount Before Ded	6858	DistributableAmountBeforeDed
Distributable Amount As Adjusted	6858	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	9601	ExpensesAndContributions
Program Related Investments Total	0	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	9601	QualifyingDistributions
Adj Qualifying Distributions	9601	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	6858	DistributableAmountAsAdjusted
Undistributed Income Prior Year	0	UndistributedIncomePriorYear
Prior Year1	2010	PriorYear1
Prior Year2	2009	PriorYear2
Prior Year3	2008	PriorYear3
Total For Prior Years	0	TotalForPriorYears
Excess Distri Carryover Year2	2966	ExcessDistriCarryoverYear2
Total Excess Distri Carryover	2966	TotalExcessDistriCarryover
Qualifying Distributions	9601	QualifyingDistributions
Applied To Year1	0	AppliedToYear1
Applied To Current Year	6858	AppliedToCurrentYear
Remaining Distri From Corpus	2743	RemainingDistriFromCorpus
Total Corpus	5709	TotalCorpus
Prior Year Undistributed Income	0	PriorYearUndistributedIncome
Taxable Amount1	0	TaxableAmount1
Taxable Amount2	0	TaxableAmount2
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	5709	ExcessDistriCyovToNextYear
Excess From Year2	2966	ExcessFromYear2
Excess From Current Year	2743	ExcessFromCurrentYear

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundations

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE UNIVERSITY OF THE ARTS	BusinessNameLine1

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	320 SOUTH BROAD STREET	AddressLine1
City	PHILADELPHIA	City
State	PA	State
ZIP Code	19102	ZIPCode

Field	Value	IRS element (for citing)
Recipient Foundation Status	170(B)(1)(A)(II)	RecipientFoundationStatus
Purpose Of Grant Or Contribution	SCHOOL OF DANCE	PurposeOfGrantOrContribution
Amount	$7,000	Amount

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	7000	TotGrantOrContriPaidDuringYear

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

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$3	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
Net Income Loss From Special Events		NetIncomeLossFromSpecialEvents
Gross Profit Loss Sales Of Invntry		GrossProfitLossSalesOfInvntry

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	false	RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	KPMG LLP TAX SERVICES	Category
Amount	$2,000	Amount
Disbursements Charitable Prps	2000	DisbursementsCharitablePrps

Depreciation Schedule DepreciationSchedule

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibility

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ROCKFORD WOODLAWN FUND INC	BusinessNameLine1

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1020 NORTH BANCROFT PARKWAY 2ND FL	AddressLine1
City	WILMINGTON	City
State	DE	State
ZIP Code	19805	ZIPCode

Field	Value	IRS element (for citing)
Grant Date	2011-02-01	GrantDate
Grant	$0	GrantAmount
Grant Purpose	TO ASSIST CHARITABLE ORGANIZATIONS WITH ORGANIZATIONAL EXP EXCLUSIVELY FOR 170(B)(C)(2)(B) PURPOSES	GrantPurpose
Amount Expended By Grantee	0	AmountExpendedByGrantee
Any Diversion By Grantee	NO	AnyDiversionByGrantee
Dates Of Reports By Grantee	12/12/2011	DatesOfReportsByGrantee

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

Field	Value	IRS element (for citing)
Category Or Item	CASH EQUIVALENTS-BLACKROCK FND	CategoryOrItem
Listed At Cost Or FMV	AT COST	ListedAtCostOrFMV
Book Value	134942	BookValue
EOYFMV	134942	EOYFMV

Land Etc Schedule2 LandEtcSchedule2

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Disbursements Charitable PrpsDisbursementsCharitablePrps
PNC BANK FEES	316	316
DELAWARE CORPORATE SVC FEES	285	285

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	US TREASURY EXCISE TAX	Category
Amount	$27	Amount