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Nonprofiteer
← DENNY FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by DENNY FAMILY FOUNDATION.

Totals

Total revenue
$64,268
Total expenses
$12,000
Contributions and grants received
$0
Grants paid
$12,000
Program service revenue
$0
Investment income
$64,268
Other revenue
$0
Total assets, end of year
$1,163,022
Total liabilities, end of year
$208,074
Net assets or fund balances, end of year
$954,948
Program services expenses (Part IX)
$12,000
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$12,000

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $64,268 · excluded $64,268

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,000 · program services $12,000

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $1,010,676 · end of year $1,163,022

  • 17 · Accounts payable and accrued expenses

    beginning of year $196,074 · end of year $208,074

  • 28 · Net assets with donor restrictions

    beginning of year $814,602 · end of year $954,948

Mission and programs · 2023

Mission

TO PROVIDE SCHOLARSHIP ASSISTANCE TO STUDENTS ATTENDING LANDMARK COLLEGE.

  • DENNY FAMILY FOUNDATION PROVIDED $12,000 TO LANDMARK COLLEGE, INC., WHICH WERE USED FOR STUDENT SCHOLARSHIPS, DURING THE YEAR ENDED JUNE 30, 2024.

    Expenses $12,000 · Grants $12,000

As filed on the 2023 return.

Listed in Part VII

  • Dr Peter Eden

    PRESIDENT

    Total calculated
    $635,348
    From this org
    $0
    From related orgs
    $588,721
    Other
    $46,627
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $538,721 related
    Bonus
    $0
    Other
    $0 + $50,000 related
    Deferred
    $0 + $23,446 related
    Nontaxable benefits
    $0 + $23,181 related
    Filer's total
    $0 + $635,348 related

  • Barbara Epifanio

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John M Kemmerer

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Belle Brooks O'Brien

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ralph Zarefsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Maryellen Rancourt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ana Maria Mellado

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kim Marroni

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephan Kiratsous

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Linda Kaboolian

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bennett Fradkin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Ellman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William R Cotter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Adrianne Ansay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alan Hirsh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bretton Himsworth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carol Nardino

    SECRETARY

    Total calculated
    $117,489
    From this org
    $0
    From related orgs
    $93,734
    Other
    $23,755
    Hours/week
    1 + 40 related

  • David Lavalley

    TREASURER

    Total calculated
    $172,491
    From this org
    $0
    From related orgs
    $141,256
    Other
    $31,235
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,256 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,080 related
    Nontaxable benefits
    $0 + $22,155 related
    Filer's total
    $0 + $172,491 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE PRESIDENT IS PROVIDED WITH BOARD APPROVAL A HOUSING ALLOWANCE AND ALSO TRAVEL FOR FAMILY MEMBERS.
PART I, LINE 3
THE COLLEGE PRESIDENT HAS A WRITTEN EMPLOYMENT CONTRACT. A SALARY SURVEY OF OTHER COLLEGES IS USED TO ASSIST IN DETERMINING A FAIR COMPENSATION FOR THE PRESIDENT. THE BOARD OF TRUSTEES APPROVES THE COMPENSATION OF THE PRESIDENT EACH YEAR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349308604

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