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PETER & NANCY SALTER FAMILY FOUNDATION INC: Form 990PF, tax year 2021

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Organization
PETER & NANCY SALTER FAMILY FOUNDATION INC (EIN 20-1828772)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-02
IRS object ID
202211229349101376
Schema version
2021v4.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-02T16:03:55-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN203815450PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1URKE & STOLLER LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line111811 N TATUM BLVD STE 1060AddressLine1Txt
CityPHOENIXCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85028ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201828772EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PETER & NANCY SALTER FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPETEBusinessNameControlTxt
Phone6023884632PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13104 E CAMELBACK ROAD STE 854AddressLine1Txt
CityPHOENIXCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85016ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPETER W SALTERPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone6023884632PhoneNum
Signature2022-04-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstPETERPersonFirstNm
Person LastSALTERPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVEN KENNETH URKEPreparerPersonNm
PTINP00290440PTIN
Phone6028675058PhoneNum
Preparation2022-04-27PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$15,365,589FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1,792InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,792InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1,792InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$244,444DividendsRevAndExpnssAmt
Dividends Net Invst Incm$244,444DividendsNetInvstIncmAmt
Dividends Adj Net Incm$244,444DividendsAdjNetIncmAmt
Total Rev And Expnss$246,236TotalRevAndExpnssAmt
Total Net Invst Incm$246,236TotalNetInvstIncmAmt
Total Adj Net Incm$246,236TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$220LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$110LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$110LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$3,077AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,538AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,539AccountingFeesChrtblPrpsAmt
Interest Rev And Expnss$342InterestRevAndExpnssAmt
Interest Dsbrs Chrtbl$342InterestDsbrsChrtblAmt
Other Expenses Rev And Expnss$93OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$93OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$3,732TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,648TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,084TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$800,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$800,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$803,732TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,648TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$802,084TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$557,496ExcessRevenueOverExpensesAmt
Net Investment Income$244,588NetInvestmentIncomeAmt
Adjusted Net Income$246,236AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$193,975SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$368,804SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$368,804SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$9,998,369USGovernmentObligationsBOYAmt
Corporate Stock BOY$3,184,317CorporateStockBOYAmt
Corporate Stock EOY$12,450,361CorporateStockEOYAmt
Corporate Stock EOYFMV$14,996,785CorporateStockEOYFMVAmt
Total Assets BOY$13,376,661TotalAssetsBOYAmt
Total Assets EOY$12,819,165TotalAssetsEOYAmt
Total Assets EOYFMV$15,365,589TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$13,376,661NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$12,819,165NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$13,376,661TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$12,819,165TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$13,376,661TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$12,819,165TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$13,376,661TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$557,496ExcessRevenueOverExpensesAmt
Subtotal$12,819,165SubtotalAmt
Tot Net Ast Or Fund Balances EOY$12,819,165TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,400InvestmentIncomeExciseTaxAmt
Subtotal$3,400SubtotalAmt
Tax Based On Investment Income$3,400TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,641EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,641TotalPaymentsAndCreditsAmt
Overpayment$241OverpaymentAmt
Applied To ES Tax$241AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateAZOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksTHE ORGANIZATIONIndividualWithBooksNm
Phone6023884632PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13104 E CAMELBACK RD 854AddressLine1Txt
CityPHOENIXCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85016ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonPETER W SALTERPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13104 E CAMELBACK ROAD 854AddressLine1Txt
CityPHOENIXCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85016ZIPCd
FieldValueIRS element (for citing)
TitleDIRECTORTitleTxt
Average Hrs Per Wk Devoted To Pos000.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$10,619,179AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,425,048AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$14,044,227TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$14,044,227AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$210,663CashDeemedCharitableAmt
Net Vl Noncharitable Assets$13,833,564NetVlNoncharitableAssetsAmt
Minimum Investment Return$691,678MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$691,678MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,400TaxBasedOnInvestmentIncomeAmt
Total Tax$3,400TotalTaxAmt
Distributable Before Adj$688,278DistributableBeforeAdjAmt
Distributable Before Ded$688,278DistributableBeforeDedAmt
Distributable As Adjusted$688,278DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$802,084ExpensesAndContributionsAmt
Qualifying Distributions$802,084QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$688,278DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$60,497ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$215,938ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$699,930ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$21,870ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$890,707ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,888,942TotalExcessDistributionCyovAmt
Qualifying Distributions$802,084QualifyingDistributionsAmt
Applied To Current Year$688,278AppliedToCurrentYearAmt
Remaining Distri From Corpus$113,806RemainingDistriFromCorpusAmt
Total Corpus$2,002,748TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$60,497ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,942,251ExcessDistriCyovToNextYrAmt
Excess From Year4$215,938ExcessFromYear4Amt
Excess From Year3$699,930ExcessFromYear3Amt
Excess From Year2$21,870ExcessFromYear2Amt
Excess From Year1$890,707ExcessFromYear1Amt
Excess From Current Year$113,806ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
UNIVERSITY OF ARIZONA FOUNDATION
1111 N CHERRY AVENUETUCSONAZ857210109CENTER FOR MANAGEMENT INNOVATIONS$500,000
ARIZONA-SONORAN DESERT MUSEUM
2021 N KINNEY ROADTUCSONAZ857439719RIPARIAN ADVENTURE$200,000
UNIVERSITY OF ARIZONA FOUNDATION
1111 N CHERRY AVENUETUCSONAZ857210109INTERCOLLEGIATE ATHLETICS$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$800,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,792ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$244,444ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$246,236ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$246,236TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$3,077Amt
Net Investment Income$1,538NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,539DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ABBVIE INC$3,409,449$4,183,884
ALTRIA GROUP INC$3,061,296$2,998,590
BECTON DICKINSON & CO$592,575$1,097,701
JOHNSON & JOHNSON$631,403$955,791
KIMBERLY CLARK CORP$1,087,483$1,440,398
PFIZER INC$3,030,643$3,610,432
PROCTER & GAMBLE CO$2,410$4,939
3M COMPANY$635,102$705,050

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$220LegalFeesAmt
Net Investment Income$110NetInvestmentIncomeAmt
Disbursements Charitable Prps$110DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
OHTER EXPENSES$93$93