Bng Foundation Inc in Reading, Pennsylvania (PA)

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Bng Foundation Inc
Employer Identification Number (EIN)233008332
Name of OrganizationBng Foundation Inc
In Care of NameBruce P Bengtson
Address91 Cardinal Rd, Reading, PA 19610-2517
SubsectionCharitable Organization
Ruling Date05/2000
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2010
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$166,221
Amount of Income$24,441
Form 990 Revenue Amount$17,453
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2010: $24,441 (it was $17,453 in 2011)
Bng Foundation Inc: 

 $24,441
Other organizations performing similar types of work: 

 $103,138

Assets in 2010: $166,221 (it was $177,280 in 2011)
This organization: 

 $166,221
Other organizations performing similar types of work: 

 $338,623

Expenses in 2011: $6,394
Bng Foundation Inc: 

 $6,394
Other organizations performing similar types of work: 

 $46,867

Income to expenses ratio in 2011: 3.8
Bng Foundation Inc: 

 3.8
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2011: 69.0%
Bng Foundation Inc: 

 69.0%
Other organizations performing similar types of work: 

 79.6%

Financial snapshot ($)

Revenue for 2011

Expenses 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$17,453$5,409$0
Contributions, gifts, grants, etc., received$12,044
Interest on savings and temporary cash investments$0
Dividends and interest from securities$5,409
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$6,394$0$0$6,350
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$44$0$0
Contributions, gifts, grants paid$6,350
Excess of revenue over expenses and disbursements$11,059
Net investment income$5,409
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$177,280$174,824
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$177,280
Total liabilities$0
Total liabilities and net assets/fund balances$177,280
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$0
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$108
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$108
Amount to be credited to 2012 estimated tax$0
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$176,054
Net value of noncharitable-use assets$173,420
Minimum investment return$8,671
Distributable Amount (for 2011)
Distributable amount$8,563
Undistributed Income (for 2011)
Distributable amount for 2011$8,563
Undistributed income for 2011. This amount must be distributed in 2012$7,761
Private Operating Foundations (for 2011)
2011201020092008Total
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
1Kosciusko 21st Century Foundation Inc2170 N Pointe Dr, Warsaw, IN 46582-9043IN1967-11$51,892,952
2The Beall Family Foundation1200 Newport Center Dr Ste 220, Newport Beach, CA 92660-0933CA2001-02$5,367,504
3North Penn Community Health Foundation2506 N Broad St Ste 206, Colmar, PA 18915-9439PA1956-03$4,255,777
4Wem 2000 Foundation, Martin Phillip H TteePO BOX 5628, Minneapolis, MN 55440-5628MN2000-09$2,030,901
5Henry E & Nancy H Bartels Trust Fbo, University Of New HavenPO BOX 187169, Hamden, CT 06518-7020CT1989-04$1,900,735
6Pugdin Memorial Fund P 6162000410 S Dearborn Il1-0117, Chicago, IL 60603-2300IL2000-03$1,622,699
7Lancaster County Partners For Youth IncPO BOX 1023, Lancaster, SC 29721-1023SC1996-10$1,386,899
8Abner F Morison Tr Fund, Bar Harbor Bank & TrustPO BOX 1100, Ellsworth, ME 04605-1100ME1993-03$1,120,833
9Cargill Macmillan Jr Charitable Tr, Martin Phillip H TteePO BOX 5628, Minneapolis, MN 55440-5628MN2000-09$399,725
10Gordon G Wilson Trust Uw Fbo, Covington United10 S Dearborn, Chicago, IL 60603-2300IL2000-01$234,293
11Pincus Fam Foundation, Pincus David N Ttee718 Arch Street, Philadelphia, PA 19106-1530PA2005-09$55,203,372
12Beacon Foundation Inc101 Kappa Dr, Pittsburg, PA 15238-2809PA2005-08$33,921,749
13Dsf Charitable FoundationDavid N Scaife 5840 Ellsworth Ave, Pittsburgh, PA 15232PA2000-02$26,727,328
14Maguire Foundation5 Tower Bridge 300 Bar Harbor Driv, West Conshohocken, PA 19428PA2001-01$25,029,915
15John A Schroth Family Charitabletrust, Pnc Bank Na TteeC/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222PA2007-08$18,482,281
16George & Rita Patterson FoundationPO BOX 6595, Harrisburg, PA 17112-0595PA2000-11$15,891,729
17Neubauer Family Foundation1717 Arch St Ste 4050, Philadelphia, PA 19103-2793PA1999-05$15,608,690
18Genuardi Family Foundation470 Norristown Rd Blue Bell Executi, Blue Bell, PA 19422-2322PA2000-08$13,397,662
19Lenfest Foundation IncSuite 401, King Of Prussia, PA 19406PA2000-04$13,105,413
20Joseph And Marie Field Family Foundation Inc30 Valley Stream Pkwy, Malvern, PA 19355-1407PA2000-10$12,994,293
Number of organizations performing similar types of work
Alaska9
Alabama199
Arkansas82
Arizona267
California2,351
Colorado400
Connecticut391
District of Columbia107
Delaware405
Florida1,490
Georgia455
Hawaii86
Iowa147
Idaho73
Illinois1,069
Indiana261
Kansas152
Kentucky147
Louisiana127
Massachusetts713
Maryland422
Maine67
Michigan549
Minnesota327
Missouri308
Mississippi56
Montana59
North Carolina649
North Dakota15
Nebraska126
New Hampshire66
New Jersey849
New Mexico78
Nevada194
New York2,454
Ohio628
Oklahoma223
Oregon179
Pennsylvania935
Rhode Island181
South Carolina141
South Dakota32
Tennessee192
Texas1,225
Utah217
Virginia452
Vermont36
Washington375
Wisconsin334
West Virginia49
Wyoming61
International38
Total20,448

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