Nacy And Rosemary Panzica Foundation in Highland Hgts, Ohio (OH)

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Nacy And Rosemary Panzica Foundation
Employer Identification Number (EIN)341844574
Name of OrganizationNacy And Rosemary Panzica Foundation
Address313 Burwick Rd, Highland Hgts, OH 44143-3819
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date11/1996
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$500,000 to $999,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$926,971
Amount of Income$42,351
Form 990 Revenue Amount$6,916
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations

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Amount of income in 2011: $42,351 (it was $18,571 in 2010)
This organization: 

Other organizations performing similar types of work: 


Assets in 2011: $926,971 (it was $967,554 in 2010)
Nacy And Rosemary Panzica Foundation: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$6,916$3,829$0
Contributions, gifts, grants, etc., received$2,600
Interest on savings and temporary cash investments$47
Dividends and interest from securities$3,098
Gross rents$0
Gross profit from sales of goods$0
Other income$1,430
Total expenses and disbursements$47,499$15$0$47,005
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$494$15$0
Contributions, gifts, grants paid$47,005
Excess of revenue over expenses and disbursements$-40,583
Net investment income$3,814
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$926,971$896,444
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$239,550
Investments-corporate stock$62,786
Investments-corporate bonds$0
Investments-mortgage loans$0
Total liabilities$0
Total liabilities and net assets/fund balances$926,971
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$-259
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$76
Total credits and payments$1,095
2011 estimated tax payments and 2010 overpayment credited to 2011$1,095
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Amount to be credited to 2012 estimated tax$1,019
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$987,202
Net value of noncharitable-use assets$972,400
Minimum investment return$48,620
Distributable Amount (for 2011)
Distributable amount$48,544
Undistributed Income (for 2011)
Distributable amount for 2011$48,544
Undistributed income for 2011. This amount must be distributed in 2012$48,103
Private Operating Foundations (for 2011)
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Van Andel Institute333 Bostwick Ave Ne, Grand Rapids, MI 49503-2518MI1997-08$1,823,572,667
2Columbia Lutheran Charities, Columbia Memorial Hospital2111 Exchange St, Astoria, OR 97103-3329OR1976-07$68,174,711
3Buttonwood Foundation Inc11 Wall St 21st Floor, New York, NY 10005-1905NY1964-08$1,950,171
4Lauritz Melchior Helden Tenor Foundation2403 Windrow Dr, Princeton, NJ 08540-5019NJ1964-10$1,329,825
5Leonard And Jerry Greenbaum Family Foundation Inc1440 Spring St Nw, Atlanta, GA 30309-2832GA1991-01$803,254
6Nagda Foundation Inc150 Se 17th St Ste 400, Ocala, FL 34471FL1992-07$101,423
7Elk Regional Health System763 Johnsonburg Rd, St Marys, PA 15857-3417PA1994-12$34,199
8Mark Schulman And Esther Schulman Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1990-02$6,176
9Marion G Resch Foundation42 Mcclurg Road, Youngstown, OH 44512-6700OH1998-07$19,966,856
10Robert T Keeler Foundation425 Walnut St Ste 1800, Cincinnati, OH 45202-3957OH1995-01$19,949,089
11B Charles And Jay G Ames Foundation5885 Landerbrook Dr Ste 300, Mayfield Hts, OH 44124-4031OH1996-04$14,161,505
12George H Deuble Foundation4900 Tiedeman Road-1st Floor, Brooklyn, OH 44144-2338OH1995-08$7,845,642
13James J And Joan A Gardner Family Foundation6847 Cintas Blvd Ste 120, Mason, OH 45040-9101OH1995-02$2,775,349
14Dewine Family Foundation Inc3030 Griest Ave, Cincinnati, OH 45208-2430OH1996-12$2,519,048
15Hillier Family FoundationPO BOX 517, Sharon Center, OH 44274-0517OH1996-05$1,859,812
16Gale Foundation1111 Superior Ave, Cleveland, OH 44114-2522OH1995-12$1,708,125
17Kenneth A Scott Char Tr Ua4900 Tiedeman Rd, Brooklyn, OH 44144-2338OH1996-03$1,656,809
18Craig Young Family Foundation7104 Ravens Run, Cincinnati, OH 45244-3592OH1995-02$1,550,840
19David And Carole Barron FoundationPO BOX 1118, Cincinnati, OH 45201-1118OH1997-09$1,501,108
20Matan B Sayser Inc1928 Janette Ave, Cleveland Hts, OH 44118-2220OH1988-10$1,375,259
Number of organizations performing similar types of work
District of Columbia18
North Carolina96
North Dakota2
New Hampshire9
New Jersey117
New Mexico4
New York231
Rhode Island22
South Carolina28
South Dakota2
West Virginia17
Total2,754 is not associated with, endorsed by, or sponsored by Nacy And Rosemary Panzica Foundation and has no official or unofficial affiliation with Nacy And Rosemary Panzica Foundation