PHILIP E AND CAROLE R RATCLIFFE FOUNDATION INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- PHILIP E AND CAROLE R RATCLIFFE FOUNDATION INC (EIN 82-0568453)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-10
- IRS object ID
- 202343149349102404
- Schema version
- 2022v5.0
- 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
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Notes Loans Rcvbl Short Sch2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-10T15:11:46-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 814693463 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMPASS US ACCOUNTANTS & ADVISORS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 130 ADMIRAL COCHRANE DR SUITE 200 | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 214017368 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 820568453 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHILIP E AND CAROLE R RATCLIFFE | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PHIL | BusinessNameControlTxt |
| Phone | 6674587991 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 275 WEST ST SUITE 109 | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CARLENE M CASSIDY | PersonNm |
| Person Title | CHIEF EXEC OFFICER | PersonTitleTxt |
| Phone | 6674587991 | PhoneNum |
| Signature | 2023-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CARLENE | PersonFirstNm |
| Person Last | CASSIDY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THADDEUS N TOAL CPA | PreparerPersonNm |
| PTIN | P00780668 | PTIN |
| Phone | 4102240343 | PhoneNum |
| Preparation | 2023-11-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | 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 | $80,321,412 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
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 | $289,036 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $287,977 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,048,161 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,048,161 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,550,836 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $19,871,717 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,550,836 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $3,566 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $3,566 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,891,599 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,890,540 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $135,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $216,798 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $31,233 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $42,738 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $42,738 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $420 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $40,333 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $319,236 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $309,823 | OtherProfFeesNetInvstIncmAmt |
| Interest Rev And Expnss | $559 | InterestRevAndExpnssAmt |
| Taxes Rev And Expnss | $7,401 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $94 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $1,408 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $29,043 | OccupancyRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $11,334 | TravConfMeetingRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $93,895 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $29,590 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $898,165 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $309,917 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $103,561 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $5,640,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $7,334,240 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,538,165 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $309,917 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $7,437,801 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$3,646,566 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,580,623 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $2,826,270 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,933,138 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,933,138 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $22,276 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $22,276 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $22,276 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $22,276 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $59,712 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $68,000 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $68,000 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $44,803,060 | CorporateStockBOYAmt |
| Corporate Stock EOY | $40,996,311 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $47,453,965 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $12,080,681 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $9,917,697 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $9,229,545 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $19,383,221 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,340,896 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,340,896 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $19,271,715 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,888 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $677,863 | LandBOYAmt |
| Land EOY | $19,268,827 | LandEOYAmt |
| Land EOYFMV | $19,268,827 | LandEOYFMVAmt |
| Other Assets BOY | $4,765 | OtherAssetsBOYAmt |
| Other Assets EOY | $4,765 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,765 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $79,857,848 | TotalAssetsBOYAmt |
| Total Assets EOY | $74,551,910 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $80,321,412 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $2,432 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $3,060 | AccountsPayableEOYAmt |
| Grants Payable BOY | $14,049,863 | GrantsPayableBOYAmt |
| Grants Payable EOY | $12,355,623 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $14,052,295 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,358,683 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $65,805,553 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $62,193,227 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $65,805,553 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $62,193,227 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $79,857,848 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $74,551,910 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $65,805,553 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$3,646,566 | ExcessRevenueOverExpensesAmt |
| Other Increases | $34,240 | OtherIncreasesAmt |
| Subtotal | $62,193,227 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $62,193,227 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (24 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| MERRILL LYNCH 9007 ST COVERED | P | $428,967 | $448,402 | -$19,435 | -$19,435 |
| MORGAN STANLEY 1870 ST COVERED | P | $3,328 | $4,155 | -$827 | -$827 |
| MERRILL LYNCH 9007 LT COVERED | P | $5,661,155 | $5,280,224 | $380,931 | $380,931 |
| MORGAN STANLEY 1870 LT COVERED | P | $347,182 | $244,912 | $102,270 | $102,270 |
| GOLDMAN SACHS 60570 ST COVERED | P | $652,164 | $686,367 | -$34,203 | -$34,203 |
| MORGAN STANLEY 1871 ST COVERED | P | $12,985 | $18,900 | -$5,915 | -$5,915 |
| GOLDMAN SACHS 60570 LT COVERED | P | $1,445,336 | $1,182,577 | $262,759 | $262,759 |
| MORGAN STANLEY 1871 LT COVERED | P | $139,716 | $102,256 | $37,460 | $37,460 |
| GOLDMAN SACHS 61138 ST COVERED | P | $323,052 | $332,041 | -$8,989 | -$8,989 |
| MORGAN STANLEY 1872 ST COVERED | P | $274,578 | $293,725 | -$19,147 | -$19,147 |
| GOLDMAN SACHS 61138 LT COVERED | P | $2,699,445 | $2,848,932 | -$149,487 | -$149,487 |
| MORGAN STANLEY 1872 LT COVERED | P | $1,045,925 | $784,160 | $261,765 | $261,765 |
| GOLDMAN SACHS 61138 LT COVERED ORDIN | P | $100,000 | $97,593 | $2,407 | $2,407 |
| MORGAN STANLEY 9381 ST COVERED | P | $578,779 | $601,253 | -$22,474 | -$22,474 |
| GOLDMAN SACHS 57253 ST NONCOVERED | P | $133 | $133 | $133 | |
| MORGAN STANLEY 9381 LT COVERED | P | $2,073,713 | $1,740,256 | $333,457 | $333,457 |
| GOLDMAN SACHS 57253 ST COVERED | P | $174,308 | $189,060 | -$14,752 | -$14,752 |
| CAPITAL GAINS FROM K-1'S | P | $113,437 | $113,437 | $113,437 | |
| GOLDMAN SACHS 57253 LT COVERED | P | $207,262 | $113,251 | $94,011 | $94,011 |
| MORGAN STANLEY 1453 LT COVERED | P | $1,300,865 | $1,329,002 | -$28,137 | -$28,137 |
| MORGAN STANLEY 1867 LT COVERED | P | $142,409 | $108,608 | $33,801 | $33,801 |
| MORGAN STANLEY 1868 LT COVERED | P | $760,000 | $671,388 | $88,612 | $88,612 |
| MORGAN STANLEY 1869 ST COVERED | P | $260,042 | $254,144 | $5,898 | $5,898 |
| MORGAN STANLEY 1869 LT COVERED | P | $1,126,936 | $989,675 | $137,261 | $137,261 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,550,836 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$119,711 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $35,871 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $35,871 | SubtotalAmt |
| Tax Based On Investment Income | $35,871 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $68,000 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $68,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $1 | EsPenaltyAmt |
| Overpayment | $32,128 | OverpaymentAmt |
| Applied To ES Tax | $32,128 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MD | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.RATCLIFFEFOUNDATION.COM | WebsiteAddressTxt |
| Individual With Books | CARLENE M CASSIDY | IndividualWithBooksNm |
| Phone | 6674587991 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 275 WEST STREET SUITE 109 | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 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 |
|---|---|---|---|---|---|---|---|---|
| JAMES D WRIGHT | ||||||||
| 6445 CLOISTER GATE DRIVE | BALTIMORE | MD | 21212 | PRESIDENT | 5.00 | $75,000 | $0 | $0 |
| TINA DAVENPORT | ||||||||
| 275 WEST STREET SUITE 109 | ANNAPOLIS | MD | 21401 | TRUSTEE | 5.00 | $60,000 | $0 | $0 |
| JAMES A CLAUSON | ||||||||
| 2613 CABOVER DRIVE | HANOVER | MD | 21076 | TRUSTEE | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CARLENE M CASSIDY | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 UPSHUR AVENUE | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 214034506 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | CHIEF EXEC O | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 40.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $185,565 | CompensationAmt |
| Employee Benefits | $23,157 | EmployeeBenefitsAmt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MORGAN STANLEY | |||||
| 1585 BROADWAY | NEW YORK | NY | 10036 | INVESTMENT SVCS | $117,038 |
| MERRILL LYNCH | |||||
| 200 PARK AVE 13TH FLOOR | NEW YORK | NY | 10166 | INVESTMENT SVCS | $108,752 |
| GOLDMAN SACS | |||||
| 200 WEST STREET | NEW YORK | NY | 10282 | INVESTMENT SVCS | $75,319 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $60,983,002 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,253,583 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $63,236,585 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $63,236,585 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $948,549 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $62,288,036 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,114,402 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,114,402 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $35,871 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $35,871 | TotalTaxAmt |
| Distributable Before Adj | $3,078,531 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,078,531 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,078,531 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $7,437,801 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $7,437,801 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,078,531 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $1,324,973 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,109,352 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $2,225,578 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,136,620 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $3,552,115 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $12,348,638 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $7,437,801 | QualifyingDistributionsAmt |
| Applied To Current Year | $3,078,531 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $4,359,270 | RemainingDistriFromCorpusAmt |
| Total Corpus | $16,707,908 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $1,324,973 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $15,382,935 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,109,352 | ExcessFromYear4Amt |
| Excess From Year3 | $2,225,578 | ExcessFromYear3Amt |
| Excess From Year2 | $4,136,620 | ExcessFromYear2Amt |
| Excess From Year1 | $3,552,115 | ExcessFromYear1Amt |
| Excess From Current Year | $4,359,270 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | CARLENE M CASSIDY | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 275 WEST ST SUITE 109 | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 6674587991 | RecipientPhoneNum |
| Recipient Email Address | CMCASSIDY@RATCLIFFEFOUNDATION.COM | RecipientEmailAddressTxt |
| Form And Info And Materials | A WRITTEN LETTER REGARDING THE NATURE AND USE OF REQUESTED GRANT, ALONG WITH A COPY OF THE IRS NON-PROFIT DETERMINATION LETTER, IS REQUIRED. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | THE FOUNDATION HAS NO SUBMISSION DEADLINES. | SubmissionDeadlinesTxt |
| Restrictions On Awards | THE FOUNDATION HAS NO RESTRICTIONS OR LIMITATIONS ON AWARDS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (28 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AACC FOUNDATION - (ESI) 2022 | ||||||
| 101 COLLEGE PARKWAY | ARNOLD | MD | 210121895 | PC | UNRESTRICTED USE BY RECIPIENT | $150,000 |
| AACC FOUNDATION CLAUSON CENTER | ||||||
| 101 COLLEGE PARKWAY | ARNOLD | MD | 210121895 | PC | UNRESTRICTED USE BY RECIPIENT | $100,000 |
| BALDWIN WALLACE UNIVERSITY | ||||||
| 275 EASTLAND ROAD | BEREA | OH | 44017 | PC | UNRESTRICTED USE BY RECIPIENT | $100,000 |
| CCBC | ||||||
| 7200 SOLLERS POINT RD | BALTIMORE | MD | 21222 | PC | UNRESTRICTED USE BY RECIPIENT | $100,132 |
| CCBC - 2022 | ||||||
| 7200 SOLLERS POINT RD | BALTIMORE | MD | 21222 | PC | UNRESTRICTED USE BY RECIPIENT | $275,000 |
| CHILDREN'S HOME FOUNDATION | ||||||
| 215 WALTHAM FARM LAND | CENTREVILLE | MD | 21617 | PC | UNRESTRICTED USE BY RECIPIENT | $70,000 |
| DABNEY S LANCASTER CC - SCHOLARSHIP | ||||||
| 1000 DABNEY DRIVE | CLIFTON FORGE | VA | 24422 | PC | UNRESTRICTED USE BY RECIPIENT | $30,000 |
| EASTERN SHORE COMMUNITY COLLEGE | ||||||
| 29316 LANKFORD HWY | MELFA | VA | 23410 | PC | UNRESTRICTED USE BY RECIPIENT | $154,000 |
| FERRY COVE SHELLFISH GRANT 2022 | ||||||
| 21770 LOWEST WHARF ROAD | SHERWOOD | MD | 21665 | PC | UNRESTRICTED USE BY RECIPIENT | $300,000 |
| FLORIDA INTERNATIONAL UNIVERSITY | ||||||
| 11200 SW 8TH STREET | MIAMI | FL | 33199 | PC | UNRESTRICTED USE BY RECIPIENT | $625,000 |
| HARFORD COMMUNITY COLLEGE | ||||||
| 401 THOMAS RUN ROAD | BEL AIR | MD | 21015 | PC | UNRESTRICTED USE BY RECIPIENT | $420,000 |
| HORIZON OF KENT & QUEEN ANNE'S | ||||||
| 116B S LYNCHBURG STREET | CHESTERTOWN | MD | 21620 | PC | UNRESTRICTED USE BY RECIPIENT | $50,000 |
| INSTITUTE OF MARINE AND ENVIRONMENT | ||||||
| 701 E PRATT STREET | BALTIMORE | MD | 21202 | PC | UNRESTRICTED USE BY RECIPIENT | $236,858 |
| MARYLAND INSTITUE COLLEGE OF ART | ||||||
| 1300 W MOUNT ROYAL AVE | BALTIMORE | MD | 21217 | PC | UNRESTRICTED USE BY RECIPIENT | $882,000 |
| MIAMI CORE '20 | ||||||
| 1501 NW 9TH AVE 219 | MIAMI | FL | 33136 | PC | UNRESTRICTED USE BY RECIPIENT | $333,333 |
| NACCE | ||||||
| 1 FEDERAL ST BLDG 101 | SPRINGFIELD | MA | 01105 | PC | UNRESTRICTED USE BY RECIPIENT | $310,000 |
| NACCE FOUNDATION OF THE FUTURE PILO | ||||||
| 1 FEDERAL ST BLDG 101 | SPRINGFIELD | MA | 01105 | PC | UNRESTRICTED USE BY RECIPIENT | $220,000 |
| PROJECT OPPORTUNITY - TRI COUNTY CO | ||||||
| 31901 TRI-COUNTY WAY | SALISBURY | MD | 21804 | PC | UNRESTRICTED USE BY RECIPIENT | $106,180 |
| SHARI BURKE MEMORIAL SWIM SCHOLARSH | ||||||
| 1101 CAMDEN AVENUE | SALISBURY | MD | 21801 | PC | UNRESTRICTED USE BY RECIPIENT | $5,000 |
| SU SHORE HATCHERY '18 | ||||||
| 1101 CAMDEN AVENUE | SALISBURY | MD | 21801 | PC | UNRESTRICTED USE BY RECIPIENT | $200,000 |
| SU CENTER FOR ESHIP | ||||||
| 1101 CAMDEN AVENUE | SALISBURY | MD | 21801 | PC | UNRESTRICTED USE BY RECIPIENT | $300,000 |
| SU SCHOLARSHIP | ||||||
| 1101 CAMDEN AVENUE | SALISBURY | MD | 21801 | PC | UNRESTRICTED USE BY RECIPIENT | $27,000 |
| SU IMPACT REPORT -2022 | ||||||
| 1101 CAMDEN AVENUE | SALISBURY | MD | 21801 | PC | UNRESTRICTED USE BY RECIPIENT | $15,000 |
| TIDEWATER BOAT | ||||||
| PO BOX 1243 | NORFOLK | VA | 23501 | PC | UNRESTRICTED USE BY RECIPIENT | $50,000 |
| UB GRANT 2 TUITION | ||||||
| 1420 N CHARLES STREET | BALTIMORE | MD | 21201 | PC | UNRESTRICTED USE BY RECIPIENT | $25,737 |
| UB 2022 | ||||||
| 1420 N CHARLES STREET | BALTIMORE | MD | 21201 | PC | UNRESTRICTED USE BY RECIPIENT | $125,000 |
| UNIVERSITY OF DELAWARE REEF | ||||||
| 83 E MAIN ST 3RD FLOOR | NEWARK | DE | 19716 | PC | UNRESTRICTED USE BY RECIPIENT | $124,000 |
| YMCA OF QUEEN ANNE'S COUNTY | ||||||
| 1210 VINCIT ST | CENTERVILLE | MD | 21617 | PC | UNRESTRICTED USE BY RECIPIENT | $2,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $7,334,240 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AACC FOUNDATION - (ESI) 2022 | ||||||
| 101 COLLEGE PARKWAY | ARNOLD | MD | 210121895 | PC | UNRESTRICTED USE BY RECIPIENT | $750,000 |
| CCBC - 2022 | ||||||
| 7200 SOLLERS POINT RD | BALTIMORE | MD | 21222 | PC | UNRESTRICTED USE BY RECIPIENT | $550,000 |
| UB 2022 | ||||||
| 1420 N CHARLES STREET | BALTIMORE | MD | 21201 | PC | UNRESTRICTED USE BY RECIPIENT | $250,000 |
| YMCA OF QUEEN ANNE'S COUNTY | ||||||
| 1210 VINCIT ST | CENTERVILLE | MD | 21617 | PC | UNRESTRICTED USE BY RECIPIENT | $3,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $4,550,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $289,036 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,048,161 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,550,836 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANOUS INCOME | Desc |
| Related Or Exempt Function Incm | $3,566 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,888,033 | ExclusionAmt |
| Related Or Exempt Function Incm | $3,566 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,891,599 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $40,333 | Amt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year Depreciation | $986 | PriorYearDepreciationAmt |
| Current Year Expense | $1,408 | CurrentYearExpenseAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | MERRILL LYNCH ACCT 9847 - BONDS | BondNm |
| EOY Book Value | $9,917,697 | EOYBookValueAmt |
| EOYFMV | $9,229,545 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MARKETABLE SECURITIES-GOLDMAN SACHS | $16,702,338 | $19,265,645 |
| MERRILL LYNCH ACCT 9847-SECURITIES | $7,802,374 | $9,490,425 |
| MORGAN STANLEY ACCT1453-SECURITIES | $6,174,568 | $5,712,886 |
| MORGAN STANLEY ACCT1867 (9381) | $2,515,803 | $2,636,658 |
| MORGAN STANLEY ACCT1868-SECURITIES | $1,351,297 | $1,274,300 |
| MORGAN STANLEY ACCT1869-SECURITIES | $2,600,938 | $3,454,959 |
| MORGAN STANLEY ACCT1870-SECURITIES | $2,378,986 | $3,500,502 |
| MORGAN STANLEY ACCT1871-SECURITIES | $778,910 | $1,178,112 |
| MORGAN STANLEY ACCT1872-SECURITIES | $611,097 | $824,851 |
| INVESTMENT IN PINNACLE CARE | $80,000 | $115,627 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENT VINTAGE IX OFFSHORE | AT COST | $53,895 | $53,895 |
| INVESTMENT IN QUESTMARK PARTNERS III | AT COST | $145,803 | $145,803 |
| LOAN RECEIVABLE | AT COST | $500,000 | $500,000 |
| INVESTMENT IN PER HOLDINGS | AT COST | $1,641,198 | $1,641,198 |
| INVESTMENT IN TILGHMAN ROAD PROPERTY | AT COST |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| FURNITURE | $9,863 | $2,888 | $6,975 | $6,975 |
| EQUIPMENT - FERRY COVE PROJECT | $786,519 | $786,519 | $786,519 | |
| BUILDING - FERRY COVE PROJECT | $17,300,474 | $17,300,474 | $17,300,474 | |
| LAND - FERRY COVE PROJECT | $1,174,859 | $1,174,859 | $1,174,859 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $420 | LegalFeesAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ORGANIZATION EXPENSES | Desc |
| BOY Book Value | $4,765 | BOYBookValueAmt |
| EOY Book Value | $4,765 | EOYBookValueAmt |
| EOYFMV | $4,765 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (14 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| EXPENSES | ||
| ADVERTISING & MARKETING | $167 | |
| BANK CHARGES | $733 | $733 |
| DUES & SUBCRIPTIONS | $2,801 | |
| INSURANCE | $26,101 | $2,586 |
| OFFICE EXPENSES | $2,271 | $26,271 |
| OTHER EXPENSES | $12,599 | |
| POSTAGE & DELIVERY | $660 | |
| TELEPHONE | $5,859 | |
| WEBSITE | $2,465 | |
| SUPPLIES & SOFTWARE | $25,833 | |
| REPAIRS & MAINTENANCE | $13,443 | |
| GIFTS | $964 | |
| ROUNDING ADJUSTMENT | -$1 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANOUS INCOME | Desc |
| Revenue And Expenses Per Books | $3,566 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $3,566 | NetInvestmentIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (4 entries)
| DescDesc | AmtAmt |
|---|---|
| BOOK/1099 INVESTMENT VARIANCE | $17,501 |
| DISALLOWED WASH SALES | $15,048 |
| BEGINNING BALANCE ADJUSTMENT | $1,221 |
| NON DEDUCTIBLE PENALTY | $470 |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp
Organization501c3 Name Organization501c3Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOAN RECEIVABLE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $22,276 | BalanceDueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INVESTMENT FEES | $309,823 | $309,823 |
| OTHER PROFESSIONAL FEES | $4,130 | |
| PAYROLL SERVICES | $5,283 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOREIGN TAXES WITHHELD | $94 | $94 |
| OTHER TAXES | $7,307 |