THE PAPITTO FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- THE PAPITTO FOUNDATION (EIN 05-0426569)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-07-12
- IRS object ID
- 202431949349100703
- Schema version
- 2023v5.1
- 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
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-07-12T08:58:42-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 050479760 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANDSAGER BARTLETT & PIERONI LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1275 WAMPANOAG TRAIL | AddressLine1Txt |
| City | EAST PROVIDENCE | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02915 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050426569 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PAPITTO FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PAPI | BusinessNameControlTxt |
| Phone | 4018285751 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 WATER VALLEY ROAD | AddressLine1Txt |
| City | HOPE | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02831 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BARBARA A PAPITTO | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4018285751 | PhoneNum |
| Signature | 2024-07-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BARBARA | PersonFirstNm |
| Person Last | PAPITTO | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Edward P Pieroni | PreparerPersonNm |
| PTIN | P00189634 | PTIN |
| Phone | 4012729100 | PhoneNum |
| Preparation | 2024-07-12 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $13,213,228 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $90,118 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $90,118 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $90,118 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $130,559 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $130,559 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $130,559 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $484,883 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,908,833 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $484,883 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $705,560 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $705,560 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $220,677 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $91,870 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,000 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $43,677 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $43,677 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,203 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,203 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,994 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $145,744 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $49,880 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,949,490 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,949,490 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,095,234 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $49,880 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,949,490 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,389,674 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $655,680 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $220,677 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | -$1 | CashBOYAmt |
| Sav And Temp Cash Invst BOY | $1,419,371 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,122,257 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,122,257 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $5,425,857 | CorporateStockBOYAmt |
| Corporate Stock EOY | $4,426,143 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $9,402,193 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,746,535 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $2,423,323 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,349,203 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $166,352 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $144,928 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $132,469 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $207,106 | OtherAssetsBOYAmt |
| Other Assets EOY | $207,106 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $207,106 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $9,965,220 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,323,757 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $13,213,228 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $6,066,231 | CapitalStockBOYAmt |
| Capital Stock EOY | $6,066,231 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $271,640 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $271,640 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $3,627,349 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,985,886 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,965,220 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $8,323,757 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,965,220 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $8,323,757 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,965,220 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,389,674 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $8,575,546 | SubtotalAmt |
| Other Decreases | $251,789 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $8,323,757 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SCHWAB ACCT 6290 - AVAILABLE UPON REQUEST | P | $1,464,396 | $1,536,202 | -$71,806 | -$71,806 |
| SCHWAB ACCT 6290 - AVAILABLE UPON REQUEST | P | $2,329,692 | $1,870,216 | $459,476 | $459,476 |
| SCHWAB ACCT 6290 - AVAILABLE UPON REQUEST | P | $114,740 | $17,532 | $97,208 | $97,208 |
| Capital Gains Dividends | P | $5 | $5 | $5 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $484,883 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$71,806 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $9,114 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $9,114 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $9,114 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,010 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $9,010 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $3 | EsPenaltyAmt |
| Tax Due | $107 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | RI | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | BARBARA A PAPITTO | IndividualWithBooksNm |
| Phone | 4012751925 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 WATER VALLEY ROAD | AddressLine1Txt |
| City | HOPE | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02831 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | Yes (1) | UndistributedIncomePYInd |
| Undistributed Income PY1 | 2017 | UndistributedIncomePY1Yr |
| Undistributed Income PY2 | 2016 | UndistributedIncomePY2Yr |
| Undistr Incm Sect4942a2 Not App | Yes (1) | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| BARBARA A PAPITTO | ||||||||
| 6 WATER VALLEY RD | HOPE | RI | 02831 | PRESIDENT/DIRECTOR | 10.00 | $0 | $0 | $0 |
| DAVID PAPITTO | ||||||||
| 117 WHITE BIRCH CIRCLE | HOPE | RI | 02831 | DIRECTOR | 10.00 | $0 | $0 | $0 |
| EDWARD P PIERONI | ||||||||
| 1275 WAMPANOAG TRAIL SUITE 1 | EAST PROVIDENCE | RI | 02915 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| JOHN A TARANTINO | ||||||||
| ONE CITIZENS PLAZA 8TH FLOOR | PROVIDENCE | RI | 02903 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $12,951,118 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $12,951,118 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $12,951,118 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $194,267 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $12,756,851 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $637,843 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $637,843 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $9,114 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $9,114 | TotalTaxAmt |
| Distributable Before Adj | $628,729 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $628,729 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $628,729 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,949,490 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,949,490 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $628,729 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2014 | PriorYear3Yr |
| Total For Prior Years | $1,661,759 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $376,289 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,900,970 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $325,555 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,203,315 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $3,806,129 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,949,490 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $628,729 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,320,761 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $5,126,890 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $1,661,759 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $1,661,759 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $5,126,890 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $376,289 | ExcessFromYear4Amt |
| Excess From Year3 | $1,900,970 | ExcessFromYear3Amt |
| Excess From Year2 | $325,555 | ExcessFromYear2Amt |
| Excess From Year1 | $1,203,315 | ExcessFromYear1Amt |
| Excess From Current Year | $1,320,761 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | BARBARA A PAPITTO | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (23 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AVE MARIA UNIVERSITY | ||||||
| 5050 AVE MARIA BLVD | AVE MARIA | FL | 34142 | EXEMPT | GENERAL FUND | $50,000 |
| BISHOP MCVINNEY CATHOLIC SCHOOL | ||||||
| 155 GORDON AVE | PROVIDENCE | RI | 02905 | EXEMPT | GENERAL FUND | $4,500 |
| COMMUNITY PREPARATORY SCHOOL | ||||||
| 135 PRAIRIE AVE | PROVIDENCE | RI | 02905 | EXEMPT | GENERAL FUND | $400,000 |
| ESPERANZA HOPE CLINIC | ||||||
| 60 VALLEY STREET | PAWTUCKET | RI | 02909 | EXEMPT | GENERAL FUND | $10,000 |
| HOLY APOSTLES CHURCH | ||||||
| 800 PIPPIN ORCHARD RD | CRANSTON | RI | 02921 | EXEMPT | GENERAL FUND | $48,600 |
| READ TO SUCCEED | ||||||
| 6 WATER VALLEY RD | HOPE | RI | 02831 | EXEMPT | GENERAL FUND | $250,000 |
| RI RIGHT TO LIFE COMMITTEE | ||||||
| PO BOX 28285 | PROVIDENCE | RI | 02908 | EXEMPT | GENERAL FUND | $10,000 |
| SAINT MARY ACADEMY BAY VIEW | ||||||
| 3070 PAWTUCKET AVE | RIVERSIDE | RI | 02915 | EXEMPT | GENERAL FUND | $205,940 |
| SAN MIGUEL SCHOOL | ||||||
| 525 BRANCH AVE | PROVIDENCE | RI | 02904 | EXEMPT | GENERAL FUND | $80,000 |
| SCALABRINI DUKCEVICH CENTER | ||||||
| 300 LAUREL HILL AVE | PROVIDENCE | RI | 02909 | EXEMPT | GENRAL FUND | $75,000 |
| SOPHIA ACADEMY | ||||||
| 582 ELMWOOD AVE | PROVIDENCE | RI | 02907 | EXEMPT | GENERAL FUND | $250,000 |
| ST ANDREWS SCHOOL | ||||||
| 63 FEDERAL RD | BARRINGTON | RI | 02806 | EXEMPT | GENERAL FUND | $155,000 |
| ST EDWARD FOOD & WELLNESS CENTER | ||||||
| 1001 BRANCH AVE | PROVIDENCE | RI | 02904 | EXEMPT | GENERAL FUND | $10,000 |
| THE RI HERITAGE HALL OF FAME | ||||||
| 1445 WAMPANOAG TRAIL | RIVERSIDE | RI | 02915 | EXEMPT | GENERAL FUND | $11,950 |
| TOMAQUAG MUSEUM | ||||||
| 390A SUMMIT RD | EXETER | RI | 02822 | EXEMPT | GENERAL FUNDGENERAL FUND | $250,000 |
| UNITED WAY | ||||||
| 50 VALLEY STREET | PROVIDENCE | RI | 02909 | EXEMPT | GENERAL FUND | $20,000 |
| WOMENS AND INFANTS HOSTITAL | ||||||
| 101 DUDLEY ST | PROVIDENCE | RI | 02905 | EXEMPT | FOR GENERAL FUND | $50,000 |
| RELEVANT RADIO | ||||||
| 680 BARCLAY BLVD | LINCOLNSHIRE | IL | 60069 | EXEMPT | FOR GENERAL FUND | $1,000 |
| REFUGE DREAM CENTER | ||||||
| 747 BROAD ST | PROVIDENCE | RI | 02907 | EXEMPT | FOR GENERAL FUND | $5,000 |
| JOHN AND PAT TARANTINO FOUNDATION | ||||||
| BROWN UNIV | PROVIDENCE | RI | 02912 | EXEMPT | FOR GENERAL FUND | $50,000 |
| HOPE & MAIN | ||||||
| 691 MAIN ST | WARREN | RI | 02885 | EXEMPT | FOR GENERAL FUND | $5,000 |
| ABUNDANT HOPE | ||||||
| 152 EMORY ST | ATTLEBORO | MA | 02703 | EXEMPT | FOR GENERAL FUND | $5,000 |
| CLOTHES FOR KIDS RI INC | ||||||
| 11 COMMERCIAL WAY | JOHNSTON | RI | 02919 | EXEMPT | FOR GENERAL FUND | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,949,490 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $90,118 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $130,559 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $484,883 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $705,560 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $705,560 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | N/A | LineNumberTxt |
| Relationship Statement | N/A | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $5,000 | Amt |
| Net Investment Income | $5,000 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORP BONDS | BondNm |
| EOY Book Value | $2,423,323 | EOYBookValueAmt |
| EOYFMV | $2,349,203 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORP STOCK | StockNm |
| EOY Book Value | $4,426,143 | EOYBookValueAmt |
| EOYFMV | $9,402,193 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | OTHER | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $144,928 | BookValueAmt |
| EOYFMV | $132,469 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Other | $83,313 | $83,313 | $83,313 |
| Other Asset | $123,793 | $123,793 | $123,793 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| BASIS ADJUSTMENT - | $243,789 |
| FEDERAL TAX PAYMENT | $8,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PAYROLL FEES | $3,944 | $0 | $0 | $0 |
| RI SECRETARY OF STATE | $50 | $0 | $0 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MANAGEMENT FEES-CHARLES SCHWAB | CategoryTxt |
| Amt | $43,677 | Amt |
| Net Investment Income | $43,677 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES | CategoryTxt |
| Amt | $1,203 | Amt |
| Net Investment Income | $1,203 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |